Fiscal Year Ended June 30, 2008 COCONINO MOHAVE APACHE NAVAJO YAVAPAI LA PAZ MARICOPA COUNTY GILA GREENLEE PINAL GRAHAM YUMA PIMA COCHISE SANTA CRUZ District 1 District 2 District 3 District 4 District 5 Comprehensive Annual Financial Report Maricopa County Phoenix, Arizona For the Fiscal Year July 1, 2007 to June 30, 2008 Prepared By Department of Finance Shelby Scharbach, Finance Director INTRODUCTORY SECTION Table of Contents Listing of Maricopa County Officials Organizational Chart Letter of Transmittal Citizens Audit Advisory Committee Letter Certificate of Achievement for Excellence in Financial Reporting Comprehensive Annual Financial Report Table of Contents For the Fiscal Year Ended June 30, 2008 Introductory Section Page Table of Contents Listing of Maricopa County Officials Organizational Chart Letter of Transmittal Maricopa County Citizens Audit Advisory Committee Letter Certificate of Achievement for Excellence in Financial Reporting i v vi vii xi xii Financial Section Independent Auditors’ Report 1 Management’s Discussion and Analysis 3 Basic Financial Statements Definitions of Government-wide Financial Statements and Listing of Major Funds 17 Government-wide Financial Statements Statement of Net Assets Statement of Activities 19 20 Fund Financial Statements Governmental Funds Financial Statements Balance Sheet Statement of Revenues, Expenditures, and Changes in Fund Balances Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities 22 24 26 Proprietary Funds Financial Statements Statement of Net Assets Statement of Revenues, Expenses, and Changes in Fund Net Assets Statement of Cash Flows 28 29 30 Fiduciary Funds Financial Statements Statement of Fiduciary Net Assets Statement of Changes in Fiduciary Net Assets 32 33 Basic Financial Statements – Notes 37 Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Fund General Fund General Fund by Department Detention Operations Fund 75 76 77 78 Note to Budgetary Comparison Schedules i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2008 Schedule of Agent Retirement Plans’ Funding Progress Page 79 Note to Schedule of Agent Retirement Plans’ Funding Progress 80 Modified Approach for Infrastructure Assets 81 Combining and Individual Fund Statements and Schedules 85 Listing of Nonmajor Governmental Funds Governmental Funds Combining Balance Sheet – Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds 92 108 Schedules of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Special Revenue Funds Adult Probation Fees Fund Adult Probation Grants Fund Air Quality Fees Fund Air Quality Grants Fund Animal Control Field Operations Fund Animal Control Grants Fund Animal Control License/Shelter Fund Ballpark Operations Fund Cactus League Operations Fund CDBG Housing Trust Fund Check Enforcement Program Fund Child Support Enhancement Fund Children’s Issues Education Fund Clerk of Court Fill the Gap Fund Clerk of the Court EDMS Fund Clerk of the Court Grants Fund Conciliation Court Fees Fund Correctional Health Grants Fund County Attorney Fill the Gap Fund County Attorney Grants Fund County Attorney RICO Fund County School Indirect Cost Fund Court Document Retrieval Fund Criminal Justice Enhancement Fund Del Webb Special Revenue Fund Diversion Fund Domestic Relations Mediation Education Fund Elections Grants Fund Emergency Management Fund Environmental Services Environmental Health Fund Environmental Services Grants Fund Events Center Fund ii 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2008 Page Special Revenue Funds (Continued) Expedited Child Support Fund Flood Control Fund General Government Grants Fund Human Services Grants Fund Inmate Health Services Fund Inmate Services Fund Judicial Enhancement Fund Justice Court Judicial Enhancement Fund Justice Court Special Revenue Fund Juvenile Probation Diversion Fund Juvenile Probation Grants Fund Juvenile Probation Special Fees Fund Juvenile Restitution Fund Lake Pleasant Recreation Services Fund Law Library Fees Fund Legal Defender Fill the Gap Fund Library District Fund Library District Grants Fund Medical Examiner Grants Fund Palo Verde Fund Parks and Recreation Grants Fund Parks Donations Fund Parks Enhancement Fund Parks Souvenir Fund Parks Spur Cross Ranch Conservation Fund Planning and Development Fees Fund Probate Fees Fund Public Defender Fill the Gap Fund Public Defender Grants Fund Public Defender Training Fund Public Health Fund Public Health Fees Fund Recorder’s Surcharge Fund School Communication Expense Fund School Grants Fund School Transportation Fund Sheriff Donations Fund Sheriff Grants Fund Sheriff Jail Enhancement Fund Sheriff RICO Fund Solid Waste Management Fund Spousal Maintenance Enforcement Enhancement Fund Superior Court Fill the Gap Fund Taxpayer Information Fund Transportation Grants Fund Transportation Operations Fund Trial Court Grants Fund Trial Court Special Revenue Fund Victim Compensation Interest Fund Victim Compensation Restitution Fund Victim Location Fund Waste Management Fund Waste Tire Fund iii 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2008 Page Debt Service Funds County Improvement Debt Fund Stadium District Debt Service Fund 210 211 Capital Projects Funds County Improvement Fund Detention Capital Projects Fund Flood Control Capital Projects Fund General Fund County Improvements Fund Intergovernmental Capital Projects Fund Long Term Project Reserve Fund Transportation Capital Projects Fund Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects 212 213 214 215 216 217 218 219 Internal Service Funds Listing of Internal Service Funds Combining Statement of Net Assets Combining Statement of Revenues, Expenses, and Changes in Net Assets Combining Statement of Cash Flows 225 226 228 230 Agency Fund Listing of Agency Fund Statement of Changes in Assets and Liabilities 235 236 Statistical Section Listing of Statistical Information Net Assets by Component Changes in Net Assets Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Tax Revenues by Source, Governmental Funds Assessed Value and Estimated Market Value of Taxable Property Direct and Overlapping Property Tax Rates Principal Property Tax Payers Property Tax Levies and Collections Ratios of Outstanding Debt by Type Legal Debt Margin Information Pledged Revenue Coverage Demographic and Economic Statistics Principal Employers Budgeted Full-time Equivalent County Employees by Function/Program Operating Indicators by Function/Program Capital Asset Statistics by Function/Program iv 239 240 241 243 244 246 247 248 249 250 251 252 253 254 255 256 257 258 Maricopa County Officials BOARD OF SUPERVISORS Fulton Brock, District 1 Don Stapley, District 2 Andrew Kunasek, District 3 Max Wilson, District 4 Mary Rose Garrido Wilcox, District 5 ♦♦♦ COUNTY MANAGER David R. Smith ♦♦♦ Finance Director Shelby L. Scharbach v Organizational Chart Maricopa County Citizens Superintendent of Schools Constables County Attorney Sheriff Board of Supervisors Clerk of the Court Assessor Treasurer Recorder Elected Appointed STAR Call Center Clerk of the Board County Manager Deputy County Manager Criminal Justice Assistant County Manager Chief Information Officer Internal Audit Medical Examiner Community Services Assistant County Manager Finance Regional Development Services Assistant County Manager Legal Defender Management and Budget Contract Counsel Human Resources Risk Management Public Defender Research and Reporting Materials Management Legal Advocate General Government Public Fiduciary Equipment Services Integrated Health Care Mandates Animal Care and Control Environmental Services Criminal Justice Enterprise Technology Chief Finance Officer Elections Parks & Recreation Community Development Human Services Planning and Development Emergency Management Facilities Management Systems Solid Waste Employee Health Initiatives Public Works Transportation Public Health Correctional Health vi Maricopa County County Administrative Office 301 West Jefferson Street 10th Floor Phoenix, AZ 85003-2143 Phone: 602-506-3571 Fax: 602-506-3328 www.maricopa.gov March 24, 2009 The Honorable Board of Supervisors Maricopa County County Administration Building 301 W. Jefferson Street Phoenix, AZ 85003 Arizona Revised Statute (ARS) §41-1279.21 requires the Office of the Auditor General to conduct financial audits of the accounts and records of County governments. Pursuant to the statute, the Office of the Auditor General audited the Comprehensive Annual Financial Report (CAFR) of Maricopa County in accordance with U.S. generally accepted auditing standards for the year ended June 30, 2008. This report consists of management’s representations concerning the finances of Maricopa County. Consequently, management assumes full responsibility of the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making these representations, management of Maricopa County has established a comprehensive internal control framework that is designed both to protect the government’s asset from loss, theft, or misuse and to compile sufficient reliable information for preparation of Maricopa County’s financial statements in conformity with U.S. generally accepted accounting principles (GAAP). Because the cost of internal control should not outweigh their benefits, Maricopa County’s comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The goal of the independent audit was to provide reasonable assurance that the financial statements of Maricopa County for the fiscal year ended June 30, 2008, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditors expressed an unqualified opinion on the Maricopa County financial statements for the fiscal year ended June 30, 2008. The auditors concluded that the financial statements were considered fairly presented, in all material respects, in conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report. The independent audit of the financial statements of Maricopa County was part of a broader, federally mandated “Single Audit” designed to meet the special needs of federal grantor agencies. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government’s internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards. This report will be available in Maricopa County’s separately issued Single Audit Report to be issued at a future date. vii GAAP requires management to provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). The MD&A complements this letter of transmittal and should be read in conjunction with it. County Profile Maricopa County was established on February 14, 1871 and is located in the south-central portion of the State of Arizona. According to Arizona Department of Commerce, at July 1, 2008, Maricopa County contained 60.15 percent of the states total population (www.azcommerce.com). The County occupies 9,224 square miles of which 2,128 square miles are incorporated. Phoenix is the capital of Arizona as well as the county seat for Maricopa County. Maricopa County operates under a five member elected Board of Supervisors who appoints a County Manager. The County Manager is responsible for the general administration and overall operations of the various County departments. The County has several-elected officials including the Assessor, Clerk of the Superior Court, Constables, County Attorney, Recorder, Sheriff, Superintendent of Schools, and the Treasurer. Maricopa County includes in its financial statements all activities of the County and its component units. Component units are legally separate entities for which the County is considered to be financially accountable. See Note 1 to the Notes to the Financial Statements - Summary of Significant Accounting Policies for additional information. Maricopa County offers a wide variety of governmental services, including: • Justice and Law Enforcement: Clerk of the Superior Court, County Attorney, Trial Court, Adult Probation, Juvenile Probation, Sheriff’s Department, Public Defender and Public Fiduciary • Medical Services: Public Health, Human Services and Medical Examiner • Community Resources: Superintendent of Schools, Library District and Stadium District • Public Works: Flood Control District, Transportation Department and Solid Waste Management • County Administration: Board of Supervisors, County Administrator, Assessor’s Office, Clerk of the Board, Elections, Finance, Human Resources, Information Technology, Treasurer’s Office and Facilities Management The annual budget serves as the foundation for Maricopa County’s financial planning and control. The County is required by ARS §42-17101 et. seq. to annually prepare and adopt a balanced budget. Arizona law further requires that no expenditure shall be made or liability incurred in excess of the amounts budgeted except as provided by law. Maricopa County’s annual budget is available on the Internet at the following address: http://www.maricopa.gov/budget/. Economic Outlook Maricopa County has a variety of industries within its boundaries with the majority comprised of high tech, financial, and service industries. Some of the major employers located in the state include Wal-Mart, Banner Health Systems, Wells Fargo & Co. and various local governments (The Book of Lists 2008). Because of a favorable climate and mild weather conditions, tourism is also a large factor in the strength of the local economy. Major sporting events can be held year around and many people come to the area during the winter months. Maricopa County is the home to teams from major league professional sports, which include the Arizona Cardinals of the National Football League, Phoenix Suns of the National Basketball Association, Arizona Diamondbacks of the Major League Baseball, and the Phoenix Coyotes viii of the National Hockey League. Maricopa County also hosts twelve major league baseball teams for the annual spring training Cactus League. Maricopa County is also a host to other major sporting events such as the FBR Open, formerly known as the Phoenix Open, golf tournament, and Phoenix International Raceway, which at this time hosts two major NASCAR events each year. Cities within Maricopa County also host college bowl games such as the Fiesta Bowl and the Insight Bowl. Due to the economic downturn, Maricopa County faces the challenge of maintaining fiscal stability during a period of unprecedented declines in revenue. The most critical public services must be maintained for the citizens with a significantly lower revenue base. According to the University of Arizona, Eller College of Management, Arizona’s economy has been contracting since the third quarter of 2007, a few months before the nation’s economy topped out. This was due to Arizona’s participation in the housing bubble, which has now affected nearly every sector of the economy. Population growth has slowed, consumer spending has tightened, foreclosures rates are at all time highs, and unemployment rates continue to increase. Maricopa County’s unemployment rate increased to 6.3 percent as of December 2008, which remains below both the State of Arizona and the United States unemployment rates of 6.9 percent, and 7.2 percent, respectively (Arizona Workforce January 22, 2009). The weak housing market is expected to continue through 2009. Financial Policies and Long-Term Financial Planning Financial Planning – Maricopa County prepares a five-year financial forecast, with the assistance of an economist, which is updated on a quarterly basis for several major funds. The five-year forecast provides a conservative estimate of the County’s fiscal condition given realistic economic trends, current County policies, and existing laws. The forecast does not incorporate anticipated policy changes, spending priorities, or proposed new revenue sources. Maricopa County has a fiscally conservative management philosophy, which has allowed the County to be financially successful. The County began making adjustments to the financial budget in fiscal year 2007 as revenues began to decline. Currently, County leadership has collaborated to balance the budget for fiscal 2009 and continues to work diligently to develop a structurally balanced budget for fiscal 2010. Cost saving measures include hiring freezes, overtime restrictions, capital purchase freeze, and departmental budget reductions up to 20 percent. Capital Improvement Program – Maricopa County’s Capital Improvement Program identifies capital projects to be completed over the next five years. Because these projects typically span more than one fiscal year, the plans are updated annually to track existing projects, identify new projects, and update funding estimates and forecasts. It is the County’s policy that new capital projects will be undertaken only if future operating revenues are reasonably estimated to be sufficient to support associated future operating costs. Due to the economic downturn, the County has cancelled, delayed or downsized projects in order to concentrate efforts on continuing the new Court Tower project. The Court Tower project has a budget of $342.4 million and is scheduled for completion in January 2012. The Court Tower is to be located adjacent to the downtown County Court complex in Phoenix. The 722,529 square foot project includes 32 courts, jury assembly, in-custody holding, and secure judicial parking. Debt Management – Maricopa County utilizes a modified “pay as you go” financial policy for large capital improvement projects and other infrastructure. The County pays cash for many capital improvements, or utilizes lease reversions or other funding from the General Fund to pay for large dollar projects. The use of “pay as you go” financing has saved the taxpayers $56.7 million in estimated debt service payments and $37.3 million in estimated interest costs though fiscal 2007-2008. In addition, this funding philosophy has allowed the County to avoid assessing a secondary tax levy for debt service that would have cost the average taxpayer approximately $28.66 annually. Cash Management – Maricopa County maintains deposits and investments in the Treasurer’s Pool and outside of the Treasurer’s Pool. The Treasurer’s Pool invests all idle monies not specifically invested for a fund or program. In addition, the Treasurer determines the fair value of those pooled investments ix monthly and at June 30. Deposits and investments held outside of the Treasurer’s Investment Pool represent a small portion of the County’s total investments. It is the County’s investment policy to: collateralize all deposits by at least 101 percent of the deposits not covered by depository insurance; preserve the principal value and the interest income of an investment; hold investments to maturity, where practical, to avoid any loss on investments resulting from an early sale or retirement of an investment; and require all of the Treasurer’s securities be held by the agent or trust department and in the County’s name. Expenditure Limitation – On June 30, 1980, Arizona voters approved general propositions amending the Arizona Constitution to establish expenditure and revenue limitations for local governments. The purpose of the expenditure limitation is to control expenditures and to limit future increases in spending to adjustments for inflation, deflation and population growth of the County. The Constitution also limits the amount of revenues that may be generated from property taxes. A two-percent plus new construction annual increase is the maximum allowed by law unless special voter approval is obtained. This report will be available in Maricopa County’s separately issued Expenditure Limitation Report to be issued at a future date. Awards and Acknowledgements The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Maricopa County for its comprehensive annual financial report for the fiscal year ended June 30, 2007. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual financial report. This report must satisfy both U.S. general accepted accounting principles and applicable legal requirements. Previously, Maricopa County received this award for fifteen consecutive years for fiscal years ending 1989 through 2003. A Certificate of Achievement is valid for a period of one year only. We believe that our current comprehensive annual financial report continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. The preparation of this report could not be accomplished without the efficient and dedicated services of the Department of Finance staff, the assistance of administrative personnel in the various departments, and the competent service of the Office of the Auditor General. We appreciate all of those who assisted in and contributed to the preparation of this report. We also wish to express our sincere appreciation to the Board of Supervisors for their support in planning and overseeing the financial operations of the County in a responsible and progressive manner. Respectfully submitted, David R. Smith County Manager Shelby L. Scharbach Finance Director x xi xii FINANCIAL SECTION Independent Auditors' Report Management's Discussion and Analysis Basic Financial Statements Basic Financial Statements - Notes Required Supplementary Information Budgetary Comparison Schedules - General Fund and Major Special Revenue Fund Note to Budgetary Comparison Schedules Schedule of Agent Retirement Plans' Funding Progress Modified Approach for Infrastructure Assets Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Internal Service Funds Agency Fund Management’s Discussion and Analysis This discussion and analysis is intended to be an easily readable analysis of Maricopa County’s (County) financial activities based on currently known facts, decisions or conditions. This analysis focuses on current year activities and should be read in conjunction with the Transmittal Letter that begins on page vii and with the County’s basic financial statements following this section. Financial Highlights • The total assets of the County exceeded its liabilities at the close of the fiscal year by $3,841.2 million (net assets), an increase of 6.5 percent from the prior year. Of this amount, $772.8 million (unrestricted net assets) may be used to meet the County’s ongoing obligations to citizens and creditors. Composition of Net Assets (in millions) Unrestricted $772.8 (20%) Invested in capital assets, net of related debt $2,542.2 (66%) Restricted $526.2 (14%) • The County’s total net assets as reported in the Statement of Activities increased by $234.4 million from the prior year. The County’s primary sources of revenue are from taxes, charges for services, and grants and contributions. Revenue Sources (in millions) Operating Grants & Contributions $263.4 (13%) Other $86.0 (4%) Capital Grants & Contributions $68.4 (4%) Charges for Services $273.5 (14%) Taxes - $1,282.9 (65%) • The County’s governmental funds reported combined fund balances of $1,402.8 million, an increase in fund balance of $122.3 million over the prior fiscal year. Approximately 96.7 percent of the combined fund balances or $1,357.2 million is unreserved and available to meet the County’s current and future needs. 3 Management’s Discussion and Analysis (Continued) • Unreserved fund balance for the General Fund increased by 15.1 percent to $512.1 million; approximately 56.8 percent of total General Fund expenditures. In accordance with Arizona Revised Statutes (A.R.S.), this entire amount is budgeted to be spent in the next fiscal year. A.R.S. §42-17151 requires that total estimated sources of revenue must equal the total estimated expenditures in the budget for the current fiscal year. In addition, A.R.S. §42-17102 stipulates that the estimated expenditures may include an amount for unanticipated contingencies or emergencies. Overview of the Financial Statements This discussion and analysis is intended to serve as an introduction to the County’s basic financial statements. The County’s basic financial statements consist of three components: 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to the basic financial statements. Required Supplementary Information is included in addition to the basic financial statements. The Combining and Individual Fund Statements and Schedules – Nonmajor Funds begin on page 92. Government-wide Financial Statements are designed to provide readers with a broad overview of the County’s finances, in a manner similar to private-sector businesses. • The Statement of Net Assets presents information on all County assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the County is improving or deteriorating. • The Statement of Activities presents information showing how net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). Both of these government-wide financial statements distinguish functions of the County that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a portion of their costs through user fees and charges (business-type activities). The governmental activities of the County include general government; public safety; highways and streets; health, welfare and sanitation; culture and recreation; education; and interest on long-term debt. As of July 1, 2007, the County had no business-type activities. On July 1, 2007, the County’s last remaining enterprise fund, the Solid Waste Management Fund, was reclassified to a governmental fund as the fund’s operations were no longer predominately funded by user fees and charges. See Note 2 – Reporting Changes and Note 3 – Beginning Balances Restated for additional information. Component units are legally separate entities for which the County is considered to be financially accountable. Blended component units, although legally separate entities, are in substance part of the County’s operations. Therefore, data from these units is combined with data of the primary government. Discretely presented component units, on the other hand, are reported in a separate column in the government-wide financial statements to emphasize they are legally separate from the County. The Maricopa County Flood Control District, Maricopa County Library District, Maricopa County Public Finance Corporation, Maricopa County Special Assessment Districts, Maricopa County Stadium District, and the Maricopa County Street Lighting Districts are reported as blended component units. The Housing Authority of Maricopa County and Phoenix Regional Sports Commission are reported as discretely presented component units. The Government-wide financial statements can be found on pages 19-21 of this report. Fund Financial Statements are groupings of related accounts that are used to maintain control over resources that have been segregated for specific activities or objectives. The County, like other state and local governments, uses fund accounting to ensure and demonstrate finance-related legal compliance. All 4 Management’s Discussion and Analysis (Continued) of the funds of the County can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. • Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental funds financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a county’s nearterm financing requirements. Governmental funds include the general, special revenue, debt service, and capital projects funds. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental funds Balance Sheet and the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The County reports four major governmental funds. Information is presented separately in the governmental funds Balance Sheet and in the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances for the General Fund, Detention Operations Fund, County Improvement Debt Fund, and General Fund County Improvements Fund. Data from the other governmental funds (nonmajor) are combined into a single, aggregated presentation. Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements, which begin on page 92 of this report. The governmental funds financial statements can be found on pages 22-26 of this report. • Proprietary funds are used to account for the County’s internal service funds. Internal service funds are an accounting device used to accumulate and allocate costs internally among the County’s various functions. The County uses internal service funds to account for its equipment services, telecommunications, reprographics, risk management, employee benefits trust, and sheriff warehouse functions. Because these services predominantly benefit governmental rather than business-type functions, they have been included within governmental activities in the governmentwide financial statements. The County’s internal service funds are combined into a single, aggregated presentation in the proprietary funds financial statements. Individual fund data for the internal service funds is provided in the form of combining statements, which begin on page 226 of this report. The proprietary fund financial statements can be found on pages 28-30 of this report. • Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the County’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The fiduciary funds financial statements can be found on pages 32-33 of this report. Notes to the Financial Statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes can be found on pages 37-72 of this report. Required Supplementary Information is presented concerning the County’s General Fund and Detention Operations Fund. A budgetary comparison schedule has been provided for both of these funds to demonstrate compliance with budget and additional information is provided by the Note to Budgetary Comparison Schedules. Also presented is the schedule of funding progress for the County’s two agent 5 Management’s Discussion and Analysis (Continued) retirement plans and infrastructure assets reported using the modified approach. Required supplementary information can be found on pages 75-81 of this report. Government-wide Financial Analysis This year is the seventh fiscal year that the County applied Governmental Accounting Standards Board (GASB) Statement No. 34. Net Assets Net assets may serve over time as a useful indicator of a government’s financial position. The following table reflects the condensed Statement of Net Assets of the County for June 30, 2008, as compared to the prior year. Net Assets As of June 30 (in millions) Governmental Activities 2008 Current and other assets Capital assets Total assets Current liabilities Long-term liabilities Total liabilities Net assets Invested in capital assets, net of related debt Restricted Unrestricted Total net assets 2007* $ 1,683.0 2,737.2 4,420.2 $ 1,546.7 2,622.8 4,169.5 196.0 383.0 579.0 200.2 362.5 562.7 2,542.2 526.2 772.8 $ 3,841.2 2,478.6 450.9 677.3 $ 3,606.8 % Chg P/Y 8.8% 4.4 6.0 (2.1) 5.7 2.9 2.6 16.7 14.1 6.5 * Net assets, current and other assets, current liabilities, and long-term liabilities for fiscal year 2007 were adjusted for various amounts related to the fiscal year 2008 beginning balance restatement. See Note 3 – Beginning Balances Restated for additional information. ** On July 1, 2007, the last remaining business-type activity was reclassified as a governmental activity and the County no longer had business-type activities. Accordingly, a comparative analysis of the business-type activities is not presented. See page 4 and Note 2 – Reporting Changes and Note 3 – Beginning Balances Restated for additional information. By far, the largest portion - $2.5 billion or 66.2 percent - of the County’s net assets reflects the investment in capital assets (e.g., land, buildings and improvements, machinery and equipment, infrastructure and construction in progress), less accumulated depreciation and any related debt used to acquire those assets that is still outstanding. Net assets invested in capital assets increased by $63.6 million due to an increase in net capital assets of $114.4 million, which was offset by an increase in capital related debt, net of unspent proceeds, of $50.9 million. The change in capital related debt, net of proceeds, was mainly due to a decrease in unspent proceeds of $34.1 million. The decrease in unspent proceeds and increase in capital assets can be attributed to the construction related to the justice, recreation, and administrative facilities, for which a total of $64.9 million was expended and included $44.5 million in the County Improvement Fund, $16.6 million in the General Fund County Improvement Fund, and $3.8 million in the Intergovernmental Capital Projects Fund. The increase can also be attributed to the infrastructure capital projects of the Flood Control District and the Transportation Department. These projects are accounted for in the Flood Control Capital Projects Fund and the Transportation Capital Projects Fund, which had capital outlay expenditures of $55.2 and $75.0 million, respectively. The County uses these capital assets to provide services to its citizens; consequently, these assets are not available for future spending. Although the County’s investment in its capital assets is reported net of 6 Management’s Discussion and Analysis (Continued) related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. The second component of the County’s total net assets, $526.2 million or approximately 13.7 percent, represents resources that are subject to external restrictions on how they may be used. This component increased by $75.3 million from the prior year. The final component consists of unrestricted net assets, $772.8 million or 20.1 percent, and may be used to meet the County’s ongoing obligations. Unrestricted net assets increased from fiscal year 2007 by $95.5 million. Both the increases in the restricted and unrestricted net assets can be attributed to revenues exceeding expenses for the fiscal year. Although the economic environment is in a decline, with less revenue collected than the prior year, the County was able to ensure that expenses did not exceed revenues by employing a conservative approach to forecasting and budgeting. As the economy started to decline, the County utilized budget balancing tactics, to help ensure the County’s financial position would not be significantly affected. Changes in Net Assets As discussed previously, the County’s total net assets of $3.8 billion increased by $234.4 million as reported in the Statement of Activities. The following table reflects the condensed Statement of Activities of the County for the fiscal year 2008 compared to the prior year and indicates the changes in net assets for governmental and business-type activities: Changes in Net Assets For the Fiscal Years Ended June 30, 2008 and June 30, 2007 (in millions) Governmental Activities 2008* 2007 Revenues: Program revenues: Charges for services Operating grants and contributions Capital grants and contributions General revenues: Taxes Other Total Revenues Expenses: General government Public safety Health, welfare and sanitation Other*** AHCCCS–ALTCS program AHCCCS–Acute Health Care program Solid Waste Management Total Expenses Excess before transfers Transfers Change in net assets Net assets – beginning, as restated Net assets (deficit) – ending $ 273.5 263.4 68.4 $ 185.0 443.6 47.3 1,282.9 86.0 1,974.2 1,272.8 67.6 2,016.3 182.9 965.9 383.9 207.1 211.5 864.9 464.3 191.1 Business-type Activities** 2008* 2007 $ $ 2.5 0.9 3.4 1,739.8 1,731.8 .2 .4 .3 .9 234.4 0.0 234.4 3,606.8 $3,841.2 284.5 6.1 290.6 3,321.5 $3,612.1 2.5 (6.1) (3.6) 2.0 (1.6) $ * $ Total 2008* $ 273.5 263.4 68.4 2007 $ 187.5 443.6 47.3 % Chg P/Y 45.9% (40.6) 44.6 1,282.9 86.0 1,974.2 1,272.8 68.5 2,019.7 .8 25.6 (2.3) 182.9 965.9 383.9 207.1 211.5 864.9 464.3 191.1 .2 .4 .3 1,732.7 (13.5) 11.7 (17.3) 8.4 (100.0) (100.0) (100.0) 287.0 (18.3) 287.0 3,323.5 $ 3,610.5 (18.3) 8.5 6.4 1,739.8 234.4 0.0 234.4 3,606.8 $ 3,841.2 .4 Beginning net assets for fiscal year 2008 for governmental activities, business-type activities and in total were adjusted by ($5.3), $1.6, and ($3.7) million, respectively, for various adjustments related to the prior period. See Note 3 – Beginning Balances Restated for additional information. ** On July 1, 2007, the last remaining business-type activity was reclassified as a governmental activity and the County no longer had business-type activities. See page 4 and Note 2 – Reporting Changes for additional information. *** The functions of highways and streets, culture and recreation, and education along with interest on long-term debt are shown in the condensed statement of activities above as other expenses. 7 Management’s Discussion and Analysis (Continued) As previously mentioned, the County’s net assets increased $234.4 million, which is entirely attributed to the County’s governmental activities, as the County no longer has business-type activities. The decrease in revenues and expenses for business-type activities shown above is a result of the reclassification of the final remaining enterprise fund, Solid Waste Management, to a special revenue fund. See Note 2 – Reporting Changes for further information. As the County no longer maintains any business-type activities, no further analysis on business-type activities will be provided. One of the main differences a reader will see between the governmental funds reported in the fund financial statements and the Statement of Activities is that governmental funds in the fund financial statements report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is reported as a capital asset and the expense of those assets is allocated over their estimated useful lives and reported as depreciation expense. Capital outlay expenditures exceeded depreciation expense in the current period by $153.9 million. This increase is offset by disposals and other miscellaneous capital asset transactions, such as donations, totaling ($39.0) million. In the government-wide statement of activities, the significant revenues reported included taxes (Countylevied, general sales, and vehicle license taxes), charges for services, and operating grants, which represent 65.0, 13.9 and 13.3 percent, respectively, of total governmental activities revenues for fiscal year 2008. Although tax revenues in total increased by $10.1 million from the prior year, all tax revenues, with the exception of property taxes, decreased from the prior year, which is a result of the declining economic environment. The increase in property taxes of $41.2 million in fiscal year 2008 was offset by decreases in sales taxes, other County-levied taxes, and vehicle license taxes of $19.5, $7.4, and $4.2 million, respectively. Fiscal year 2008 property tax revenue continued to increase from the prior year even with current falling housing values as there is a lag period between the actual decline in market value and when that decline is recognized for the assessed valuation used for the property tax rate and levy. The primary assessed valuations applicable to fiscal year 2010 are anticipated to increase due to the continued lag period for home appreciation and new property additions. However, the primary assessed valuations applicable to fiscal year 2011 are anticipated to decrease. Charges for services revenue increased $88.5 million from the prior year as a result of the reclassification of $73.5 million in intergovernmental charges for services from the intergovernmental revenue line-item (i.e., operating grants), to the charges for services revenue line-item; which resulted in a corresponding decrease in operating grants revenue. Thus, this increase does not represent additional charges for services revenue realized by the County or an actual drop in operating grants for the year. Including the reclassificationbased decrease discussed above, operating grants and contributions decreased $180.2 million in total from the prior year. The remaining decrease was due to the elimination of disproportionate share revenue, which totaled $84.7 million in fiscal year 2007. See page 10 for additional information. With exception to the elimination of disproportionate share revenue, operating grants and charges for services revenues remained consistent from the previous fiscal year. Tax and other operating revenues provide the principal support for the functions of the County, which include general government; public safety; highways and streets; health, welfare and sanitation; culture and recreation; and education. Although, total expenses remained consistent with the prior year, increasing only $8.0 million or 1 percent, fluctuations within the functional classifications occurred between fiscal years 2007 and 2008. The most significant fluctuations were in the public safety and health, welfare, and sanitation functions, with net changes of $101.0 and ($80.4) million, respectively. The increase in public safety function expenses is primarily attributable to increases in the General Fund and Detention Operations Fund of $31.7 and $30.1 million, respectively. The increases in both the General and Detention Operations funds were due to market rate salary increases, pay for performance, and additional full-time equivalent staff for the courts and justice related departments. The increase in public safety expenses is also attributed to deletions of Flood Control District infrastructure related assets of $20.7 million, which primarily represented construction projects which were completed and annexed to the appropriate jurisdictions, in which the County incurred a loss. The decrease in health, welfare, and sanitation expenses is due to the elimination of disproportionate share payments, which totaled $84.7 million in fiscal year 2007. 8 Management’s Discussion and Analysis (Continued) Financial Analysis of the County’s Funds As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements. Governmental Funds. Governmental activities are contained in the general, special revenue, debt service, and capital projects funds. The focus of the County’s governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the County’s financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. As of June 30, 2008, the governmental funds reported combined fund balances of $1,402.8 million and an increase in fund balance of $122.3 million over the prior fiscal year. Approximately 96.7 percent of the combined fund balances or $1,357.2 million is available to meet the County’s current and future needs (unreserved fund balance). The remaining fund balance is reserved for inventories, intergovernmental loans, advances and debt service. The following funds are the County’s major governmental funds: The General Fund is the County’s primary operating fund. At the end of the current fiscal year, unreserved fund balance of the General Fund was $512.1 million, while total fund balance was $533.6 million. This represents an increase in the unreserved fund balance from the prior year of $67.2 million, or 15.1 percent. As a measure of the General Fund’s liquidity, it may be useful to compare both unreserved fund balance and total fund balance to the total fund expenditures. Unreserved fund balance represents 56.7 percent of the total fiscal year 2008 General Fund expenditures, while total fund balance represents 59.1 percent of that same amount. These ratios indicate a strong fund balance position in comparison to expenditures. The Detention Operations Fund is a special revenue fund that was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election to be used for jail facility operations. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Detention Operations Fund accounts for the jail tax revenue along with transfers from the General Fund for maintenance of effort (MOE). The MOE transfer from the General Fund is used to support the jail detention operations. Arizona Revised Statutes require the County to calculate the maintenance of effort transfer on an annual basis. The Detention Operations Fund transfers monies to the Detention Capital Projects Fund for the construction of the jail facilities. At the end of the current fiscal year, total fund balance of the Detention Operations Fund was $155.7 million, of which more than 99 percent is unreserved. This was an increase in total fund balance of $7.5 million, or 5.1 percent, from the prior fiscal year. Although the fund had more expenditures than revenues by $126.2 million, the increase in fund balance can be attributed to net transfers of $133.8 million, which was a net increase of $11.2 million over the prior year. Transfers from the General Fund for maintenance of effort were $165.9 million while transfers to the Detention Capital Projects Fund were $32.1 million. The amount to be transferred to the Detention Capital Projects Fund for any given year is determined through the budget planning process. The County Improvement Debt Fund is a debt service fund that accounts for the debt service on the Lease Revenue Bonds, Series 2001; the Lease Revenue Refunding Bonds, Series 2003; Lease Revenue Bonds, Series 2007A; Lease Revenue Refunding Bonds, Series 2007B; Lease Trust Certificates, Series 2004; and other long-term obligations. The fund balance is set aside for future debt service on the Lease Revenue Bonds, Series 2001 and Series 2007A, and Lease Revenue Refunding Bonds, Series 2007B, and each year the fund balance will be reduced by the annual debt service payment until the debt is 9 Management’s Discussion and Analysis (Continued) satisfied. Funding for the Lease Revenue Refunding Bonds, Series 2003, is provided by transfers from the departments who benefited by the refunding bond issue and revenue from the Maricopa County Special Health Care District, a legally separate entity. Funding for the Lease Trust Certificates, Series 2004, is provided by pledged contributions from various donors that are used to repay Maricopa County for long-term financing pertaining to the Human Services Campus improvements. At the end of the current fiscal year, unreserved fund balance of the County Improvement Debt Fund was $15.3 million, while total fund balance was $23.9 million. The General Fund County Improvements Fund was established to fund current and future capital projects. Fund assets may be used to pay directly for capital projects or may be appropriated by the Board of Supervisors for debt service. None of the funds has been pledged for debt service, and fund assets may be transferred by the Board of Supervisors at any time for any other County purpose. Projects that are currently funded include justice, administrative and parks facilities. At the end of the current fiscal year, fund balance of the General Fund County Improvements Fund was $280.3 million, all of which is unreserved. The following table presents the amount of all governmental funds revenues from various sources as well as increases or decreases from the prior year. Revenues Classified by Source Governmental Funds (in millions) 2008 Revenues by Source Taxes Intergovernmental Charges for services Other Totals Amount $ 672.2 904.6 153.4 188.8 $ 1,919.0 2007 Percent of Total 35% 47 8 10 100% Amount $ 640.4 1,105.8 87.7 181.1 $ 2,015.0 Increase Percent of Total 32% 55 4 9 100% Amount $ 31.8 (201.2) 65.7 7.7 $ (96.0) % Chg P/Y 5.0% (18.2) 74.9 4.3 (4.8) During fiscal year 2008, the County experienced a decrease in governmental revenues from the previous year of $96.0 million, a 4.8 percent decrease. This decrease is mainly attributable to the elimination of disproportionate share revenue, which totaled $84.7 million in fiscal year 2007. Beginning fiscal year 2008, this State of Arizona appropriation is going directly to the Maricopa County Special Health Care District, a legally separate entity, and will no longer be received by the County. Intergovernmental and taxes revenues comprises 82 percent of total governmental funds revenue. Taxes revenues increased from fiscal year 2007 as a result of additional property tax revenue of $38.5 million, which was a result of an increase in assessed valuations from appreciation and new housing. The intergovernmental revenues decrease is primarily due to the elimination of disproportionate share revenue discussed above and a reporting change moving intergovernmental charges for services from the intergovernmental revenue line-item to the charges for services revenue line-item. This reclassification resulted in a decrease in intergovernmental revenue and an increase in charges for services revenue from fiscal year 2007 of $68.8 million. The decrease in intergovernmental revenue was also attributed to a decrease in the sales tax apportionment, as reported in the General Fund, of $19.5 million, and a decrease in capital project cost-sharing revenue, as reported in the Transportation Capital Projects Fund, of $17.1 million. The decrease of sales tax apportionment can be attributed to the downturn in the County’s economy. The decrease in cost-sharing revenue is primarily attributable to a decrease in shared revenue received for two Transportation projects for which the County received $15.0 million less in contributions from the prior year. 10 Management’s Discussion and Analysis (Continued) The following table presents the amount of all governmental funds expenditures by function compared to prior year amounts. Expenditures by Function Governmental Funds (in millions) 2008 Expenditures by Function General government Public safety Health, welfare and sanitation Capital outlay Other Totals Amount $ 173.3 883.0 378.8 279.0 126.7 $ 1,840.8 2007 Percent of Total 9% 48 21 15 7 100% Amount $ 173.1 813.3 461.7 301.4 123.3 $ 1,872.8 Increase Percent of Total 9% 43 25 16 7 100% Amount $ .2 69.7 (82.9) (22.4) 3.4 $ (32.0) % Chg P/Y .1% 8.6 (18.0) (7.4) 2.8 (1.7) Expenditures from governmental fund types for fiscal year 2008 decreased by $32.0 million, a 1.7 percent decrease from the prior year. Although expenditures decreased overall, public safety experienced an increase of $69.7 million from the prior year, of which $61.6 million was attributed to personnel and payroll expenditures. This increase in personnel and payroll expenditures is mainly attributable to market rate salary increases, pay for performance, and additional full-time equivalent staff for the courts and justice related departments. The most significant decreases were in health, welfare, and sanitation and capital outlay with decreases of $82.9 and $22.4 million, respectively. The decrease in health, welfare and sanitation is due to the elimination of disproportionate share expenditures, which were $84.7 million in fiscal year 2007. The decrease in capital outlay expenditures is attributed to decreases in general, transportation, and justice related county improvement capital outlay expenditures as reported in the General Fund County Improvements Fund, Transportation Capital Projects Fund, and Detention Capital Projects Fund, with decreases from the prior fiscal year of $25.7, $10.4, and $9.1 million, respectively. This decrease was offset by an increase in general and justice related projects reported in the County Improvement Fund of $8.7 million. General Fund Budgetary Highlights The difference between the original budget and the final amended budget for the General Fund resulted in an increase in revenue of $1.9 million and a decrease in expenditures of $11.9 million. The decrease in budgeted expenditures was primarily a result of the elimination of the contingency expenditure appropriation of $8.1 million for debt funding for the Court Tower Project. A significant unfavorable revenue variance, as compared to the budget, was incurred for intergovernmental revenues of $39.3 million. This variance is primarily due to state shared sales taxes received being less than anticipated due to the decline in the state’s economic environment. Significant favorable expenditure variances, as compared to the budget, were incurred in the General Government Department (general government function) of $209.8 million. These savings were a result of spending from the contingency and reserve funds that was less than anticipated. None of the variances between the budget and actual amounts were significant enough to affect the County’s ability to provide future services. Capital Assets and Long-Term Liabilities Capital Assets The County’s capital assets balance as of June 30, 2008, was $2.7 billion (net of accumulated depreciation). Capital assets include land, buildings and improvements, infrastructure, machinery and equipment, and construction in progress. The County reports infrastructure assets, which consist of the Flood Control District and Transportation Department infrastructure, in the government-wide financial statements in accordance with GASB Statement No. 34. Additional information regarding infrastructure assets can be found in the Notes to the Financial Statements (Note 1 – Summary of Significant Accounting Policies and Note 11 – Capital Assets). 11 Management’s Discussion and Analysis (Continued) The Flood Control District infrastructure assets consist of drainage systems, dams, flood channels and canals. Flood Control infrastructure is reported using the depreciation approach and the County uses the straight-line method of depreciation on these assets. At June 30, 2008, Flood Control District infrastructure-related assets consisted of land, infrastructure and construction in progress of $262.5, $167.2, and $158.7 million, respectively, net of any related accumulated depreciation. The Transportation Department infrastructure assets consist of a roadway system and a bridge system. Both systems are reported under the modified approach, which means the County will maintain the assets using an asset management system and will document that the infrastructure assets are being preserved at the established condition level. During fiscal year 2008, the condition level of both systems was within the established condition level. Actual maintenance/preservation costs did not vary significantly from the estimated costs and were $10,853 and $197,030 below the estimated costs for the roadway and bridge system, respectively. See Required Supplementary Information on page 81 for additional information. At June 30, 2008, Transportation Department infrastructure-related assets consisted of land, infrastructure and construction in progress of $141.3, $607.2, and $27.1 million, respectively. Capital assets for governmental activities are presented below (in millions) to illustrate changes from the prior year: Governmental Activities 2007* 2008 Land Infrastructure Buildings and improvements (net of accumulated depreciation) Machinery and equipment (net of accumulated depreciation) Construction in progress Infrastructure (net of accumulated depreciation) Totals $ $ 527.2 607.2 $ 503.0 580.9 $ Change $ % Change 24.2 26.3 4.8% 4.5 1,126.2 1,092.6 33.6 3.1 106.9 202.6 86.9 187.5 20.0 15.1 23.0 8.1 171.8 2,622.7 (4.6) 114.6 (2.7) 4.4 167.2 2,737.3 $ * The capital asset amounts for fiscal year 2007 were restated for various prior period corrections. See Note 3 – Beginning Balances Restated for additional information. ** The fiscal year 2007 ending business-type activity balances were restated to zero and are not presented above. See page 4 and Note 2 – Reporting Changes and Note 3 – Beginning Balances Restated for additional information. Capital assets, net of accumulated depreciation, increased by $114.6 million, or 4.4 percent, from the prior year. The most significant impact on the increase in capital assets for the fiscal year ended June 30, 2008, was in the increase in infrastructure related capital assets, which accounted for $73.4 million of the total increase from the prior year. During fiscal year 2008, Transportation Department and Flood Control District infrastructure assets increased $48.5 and $24.9 million, respectively, from the prior year and accounted for increases in land, construction in progress, and non-depreciable infrastructure of $16.5, $30.5, and $26.4 million, respectively. In addition, during fiscal year 2008, several large construction projects were completed and capitalized, which offset the increases in construction in progress from infrastructure noted above and accounted for the increase in buildings and improvements. In fiscal year 2008, the Durango Animal Care Control Facility, Southeast Justice Court Facility, and Security Building Improvements projects were completed and capitalized for $14.7, $7.8, and $19.3 million respectively. Lastly, machinery and equipment increased significantly during the fiscal year, with a total increase from the prior year of $20.0 million or 23.0 percent. This increase is primarily due to the information technology infrastructure upgrade project, which accounted for an increase in machinery and equipment of $14.0 million. 12 Management’s Discussion and Analysis (Continued) Long-Term Liabilities Maricopa County has the following bond ratings: Debt Instrument & Rating Agency Rating Date Awarded General Obligation Bonds (implied or issuer credit rating) Fitch Ratings AAA April 2007 Standard & Poor's AAA August 2007 Moody's Investor Services Aa1 April 2007 Lease Revenue Bonds Fitch Ratings AA+ April 2007 Standard & Poor's AA+ April 2007 Moody's Investor Services Aa2 April 2007 Certificates of Participation Fitch Ratings AA+ April 2007 Moody's Investor Services Aa3 April 2007 At June 30, 2008, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) outstanding of $383.0 million, which represents a $12.1 million increase from the prior year balance of $370.9 million. The majority of the $12.1 million increase is attributable to the issuance of the Stadium District loan payable of $10.1 million, the issuance of capital leases of $30.0 million, and debt service payments made during fiscal year 2008 for lease revenue bonds ($7.6 million), lease trust certificates ($2.2 million), Stadium District revenue bonds ($3 million), and capital leases ($12.9 million). The largest components of long-term liabilities at June 30, 2008, consisted of lease revenue bonds - $173.7 million, Stadium District revenue bonds - $44.3 million, capital leases - $50.1 million, and reported claims and incurred but not reported claims - $68.6 million. Lease revenue bonds applicable to governmental activities are paid from the County Improvement Debt Fund (debt service fund) that was funded in prior years by transfers from the General Fund and is predominately unrestricted. At June 30, 2008, the fund balance in the County Improvement Debt Fund to pay future liabilities was $23.9 million. Proceeds from the bonds are currently being used for capital projects. Stadium District revenue bonds are special obligations of the District. The bonds are payable solely from pledged revenues, consisting of car rental surcharges levied and collected by the Stadium District pursuant to A.R.S. §48-4234. On June 5, 2002, the Stadium District issued revenue refunding bonds in the amount of $58,225,000 (par value) of which $44,270,000 remains outstanding. Capital leases applicable to governmental activities of $50.1 million have been entered into for various lease-purchase agreements, which are noncancelable. This is an increase of $17.1 million from the prior year primarily related to the purchase of communications equipment, computer equipment, constable radios, network infrastructure technology equipment, and officer radio and taser units. Reported and incurred but not reported claims applicable to governmental activities of $68.6 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is an increase of $8.7 million from the prior year primarily related to actuarial estimates for the County’s selfinsured portion of future claims for general litigation related to torts; thefts of, damage to, and destruction of assets; errors and omissions; injuries to employees; natural disasters; and certain health benefits that are paid through the operations of the funds. Additional information regarding long-term liabilities can be found in the Notes to Financial Statements (Note 13 – Long-Term Liabilities and Note 17 – Risk Management). 13 Management’s Discussion and Analysis (Continued) Economic Factors and Next Year’s Budget and Rates • Arizona’s economy is projected to experience more employment losses in 2009 due to a loss in business and consumer confidence. The loss in confidence is primarily driven by higher food and energy prices, stagnant incomes, and the effects of the finance and housing crisis. Recovery is not expected until late 2009 and early 2010, according to Arizona Workforce (www.workforce.az.gov). • The population in Maricopa County continues to grow, even though Arizona economy has faltered. The Arizona Department of Commerce reports that Maricopa County’s population increased by 2.1 percent from fiscal year 2007 to 2008 (www.azcommerce.com). The unemployment rate in Maricopa County, according to Arizona Workforce, in December 2008 was 6.3 percent, which remains below both the state average of 6.9 percent and national average of 7.2 percent (www.workforce.az.gov). • As reported by the Arizona Department of Commerce, Maricopa County’s population increased 29.2 percent from July 1, 2000 to July 1, 2008, which is higher than the United States overall population increase of 7.8 percent for the same time period. (www.azcommerce.com). As part of the annual budget planning process, the County’s Office of Management and Budget developed a financial forecast to assist in both short and long range financial planning. This forecast provides a conservative estimate of the County’s fiscal condition through the next five years given a realistic economic forecast, current County policies and existing laws. The forecast was instrumental in the determination of the fiscal year 2009 budget and tax rate, which was based on the following assumptions: • Declining growth in property tax assessed values due to the slowdown in the housing market is fully reflected in the property tax base. Maricopa County’s primary (general operating) property tax levy is limited to 2% annual increases on existing property, plus taxes on new properties. • No growth or even decline in State Shared Sales Tax, Vehicle License Tax, and Jail Excise Tax revenues. These revenue experienced unprecedented increases during the 2004-2006 housing “bubble”, and serious problems in the local housing market have depressed consumer spending. Revenues are not expected to grow until at least fiscal year 2009-2010, and then only at a modest rate. • Sizable increases in mandated payments to the State of Arizona for health care, in particular the ALTCS program. However, the State of Arizona faces a huge budget deficit, and could likely shift its costs to counties through higher AHCCCS and ALTCS contributions. This factor remains an unpredictable threat to Maricopa County’s fiscal stability, but cannot be factored into the forecast. • Lower increases in employee salaries, but continued increases in costs for health benefits and retirement contributions. At the end of the fiscal year, unreserved fund balance for the General Fund was $512.1 million, or 56.7 percent of total General Fund expenditures. Unreserved fund balance increased by 15.1 percent from the prior year. This is due to actual revenues in excess of actual expenditures. In accordance with Arizona Revised Statutes (A.R.S.), the entire amount will be budgeted in the next fiscal year. A.R.S. §42-17151 requires that total estimated sources of revenue must equal the total estimated expenditures in the budget for the current fiscal year. The estimated expenditures may include an amount for unanticipated contingencies or emergencies, per A.R.S. §42-17102. Request for Information This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overview of the County’s finances and to demonstrate the County’s accountability for the money it receives. If you have any questions about this report or need additional financial information, please contact Maricopa County Department of Finance, 301 W. Jefferson, Suite 960, Phoenix, AZ 85003, or at www.maricopa.gov. 14 Financial Section Basic Financial Statements Basic Financial Statements Maricopa County Definitions of Government-wide Financial Statements and Listing of Major Funds Government-wide Financial Statements The Statement of Net Assets presents information on all of Maricopa County’s assets and liabilities, with the difference between the two reported as net assets. The Statement of Activities presents information showing how the government’s net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Major Funds General Fund – is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. Special Revenue Funds Detention Operations Fund – was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election to be used for jail facility operations. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Detention Operations Fund accounts for the receipt of tax revenue, jail operations expenditures, and transfers to the Detention Capital Projects Fund for construction of the adult and juvenile detention facilities. Debt Service Funds County Improvement Debt Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2001; the Lease Revenue Refunding Bonds, Series 2003; Lease Revenue Bonds, Series 2007A; Lease Revenue Refunding Bonds, Series 2007B; Lease Trust Certificates, Series 2004; and other long-term obligations. Funding is provided by transfers from the General Fund, revenue from the Maricopa County Special Health Care District, a separate legal entity, and pledged contributions from various donors for the Human Services Campus. Capital Projects Funds General Fund County Improvements Fund – was established to fund current and future capital projects. Fund assets may be used to pay directly for capital projects or may be appropriated by the Board of Supervisors for debt service. None of the funds has been pledged for debt service, and fund assets may be transferred by the Board of Supervisors at any time for any other County purpose. 17 18 Maricopa County Statement of Net Assets June 30, 2008 PRIMARY GOVERNMENT COMPONENT UNITS Governmental Activities ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Receivables (net of allowances for uncollectibles) Due from other governmental units Inventories Prepaids Deferred costs Miscellaneous Intergovernmental loans Cash and investments held by trustee – restricted Capital assets: Land Buildings and improvements Machinery and equipment Infrastructure – nondepreciable Infrastructure – depreciable Construction in progress Less: accumulated depreciation Total assets LIABILITIES Accounts payable Accrued liabilities Employee compensation payable Interest payable Unearned revenue Due to other governmental units Deposits held for other parties Noncurrent liabilities: Due within one year Due in more than one year Total liabilities NET ASSETS Invested in capital assets, net of related debt Restricted for: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service Unrestricted Total net assets $ 4,523,837 1,357,737,011 31,678,608 168,243,813 12,542,393 1,597,962 4,830,193 3,423,542 20,950,382 77,444,016 527,203,186 1,425,765,334 264,564,127 607,208,177 230,077,875 202,661,754 (520,228,141) 4,420,224,069 88,043,912 14,662,446 61,682,833 4,267,558 26,632,087 16,000 752,320 Housing Authority $ 4,047,487 Sports Commission $ 8,298 Total $ 4,055,785 5,371,860 40,000 5,411,860 39,594 37,824 13,500 39,594 51,324 4,367,043 41,080,440 630,246 13,675 4,367,043 41,080,440 643,921 (26,839,026) 28,735,468 (10,616) 64,857 (26,849,642) 28,800,325 115,243 32,295 800 147,538 800 127,084 25,000 25,000 127,084 139,378 139,378 77,728,471 305,244,774 579,030,401 306,785 688,490 58,095 306,785 746,585 2,542,165,396 19,238,703 3,059 19,241,762 6,428,451 346,378,371 66,314,646 46,793,218 38,233,384 2,746,921 19,325,292 772,807,989 $ 3,841,193,668 The notes to the financial statements are an integral part of this statement. 19 2,160,206 6,648,069 $ 28,046,978 2,160,206 $ 3,703 6,762 6,651,772 $ 28,053,740 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2008 Program Revenues Expenses Functions/Programs Primary government: Governmental activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt Total governmental activities Total primary government Component units: Housing Authority Sports Commission Total component units $ 182,868,340 965,934,762 143,367,655 383,885,390 38,751,304 14,687,029 10,347,354 1,739,841,834 $ $ 1,739,841,834 $ 273,464,290 $ 18,944,971 122,013 $ $ 19,066,984 $ General revenues: Taxes: Property taxes, levied for general purposes Property taxes, levied for Flood Control District Property taxes, levied for Library District Share of state sales taxes Sales tax – Jail construction and operation Surcharge tax – Stadium District Share of state vehicle license tax Grants and contributions not restricted to specific programs Unrestricted investment earnings Miscellaneous Total general revenues Change in net assets Net assets (deficit) beginning, as restated Net assets, ending The notes to the financial statements are an integral part of this statement. 20 Operating Grants and Contributions Charges for Services 30,942,935 160,282,028 19,009,650 48,326,397 14,216,206 687,074 $ 273,464,290 5,044,277 50,661,835 103,320,170 93,840,738 270,346 10,290,746 Capital Grants and Contributions $ 1,060,189 264,976 67,060,931 263,428,112 68,386,096 $ 263,428,112 $ 68,386,096 1,673,188 138,709 $ 15,557,934 33,700 $ 615,963 1,811,897 $ 15,591,634 $ 615,963 Primary Government Net (Expense) Revenue and Changes in Net Assets Component Units Governmental Activities Housing Authority Sports Commission Total $ (145,820,939) (754,725,923) 46,023,096 (241,718,255) (24,264,752) (3,709,209) (10,347,354) (1,134,563,336) (1,134,563,336) $ (1,097,886) $ (1,097,886) 449,499,249 69,462,089 19,473,450 460,958,772 138,063,948 6,132,465 139,312,595 1,814,394 72,729,140 11,474,763 1,368,920,865 83,358 83,358 (1,014,528) 29,061,506 $ 28,046,978 (1,097,886) 50,396 (1,047,490) 83,358 83,358 234,357,529 3,606,836,139 $ 3,841,193,668 $ 50,396 50,396 50,396 (43,634) $ 6,762 (964,132) 29,017,872 $ 21 28,053,740 Maricopa County Balance Sheet Governmental Funds June 30, 2008 Detention Operations General ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Receivables Due from other funds Due from other governmental units Inventories Miscellaneous Intergovernmental loans Advances to other funds Cash and investments held by trustee - restricted Total assets LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation payable Accrued liabilities Due to other funds Due to other governmental units Interest payable Bonds payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue Deposits held for other parties Total liabilities $ 102,220 453,061,190 17,850,199 9,845,220 81,224,970 5,906,380 419,550 20,950,382 36,500 $ $ 589,396,611 $ 164,972,890 $ $ $ 33,060,340 1,660,018 563,260 7,185,964 $ 8,649,328 664,458 4,219 $ 9,125,728 2,844,266 5,785,964 17,649,262 27,058,104 172,586 22,919,717 58,324,937 4,037,857 10,215,000 13,336,189 Fund balances: Reserved for: Inventories Intergovernmental loans Advances Debt service Unreserved, reported in: General fund Special revenue funds Capital projects funds Debt service funds Total fund balances Total liabilities and fund balances 350 136,372,562 1,369,288 County Improvement Debt 20,139,262 55,805,771 9,318,005 5,906,380 15,535,019 24,334 172,586 34,392,119 8,666,860 512,125,107 155,482,299 15,265,958 533,590,840 $ 589,396,611 155,654,885 $ 164,972,890 23,932,818 $ 58,324,937 Amounts reported for governmental activities in the Statement of Net Assets are different because: Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. Some receivables are not available to pay for current period expenditures and therefore, are deferred in the funds. Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Assets. Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2008, and therefore, are not reported in the funds. Net assets of governmental activities The notes to the financial statements are an integral part of this statement. 22 General Fund County Improvements $ Other Governmental Funds $ 274,173,116 1,646,347 5,583,962 $ 281,403,425 $ $ 1,146,105 $ 3,679,976 380,664,152 5,195,036 37,152 42,311,477 4,646,982 3,003,992 54,524,299 494,063,066 40,225,278 634,984 10,835,474 13,346,466 16,000 3,068 Total Governmental Funds $ $ $ 14,741 36,500 18,821,637 752,320 84,686,468 1,146,105 4,646,982 83,081,051 2,959,460 11,402,953 20,532,430 16,000 4,040,925 10,215,000 14,741 36,500 52,297,088 752,320 185,348,468 10,725,948 15,535,019 24,334 19,325,292 10,658,432 $ 3,782,546 1,253,396,748 28,905,136 21,252,298 168,243,813 10,725,948 3,423,542 20,950,382 36,500 77,444,016 1,588,160,929 280,257,320 184,070,824 210,000,360 512,125,107 339,553,123 490,257,680 15,265,958 280,257,320 409,376,598 1,402,812,461 281,403,425 $ 494,063,066 2,732,886,304 25,665,001 37,225,415 (357,395,513) $ 3,841,193,668 23 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2008 Detention Operations General County Improvement Debt REVENUES Taxes $ Licenses and permits 439,935,636 $ 138,063,948 $ 1,668,162 Intergovernmental 614,211,710 2,926,154 Charges for services 42,715,476 33,046,800 3,054,932 Fines and forfeits 16,901,592 32,662,940 9,943,523 2,201,193 1,148,095,516 183,980,425 5,256,125 Special assessments Miscellaneous Total revenues EXPENDITURES Current: General government 166,959,115 Public safety 445,647,434 299,734,816 Highways and streets Health, welfare and sanitation 239,742,424 Culture and recreation 1,760,539 Education 2,272,724 Debt service: Principal 12,620,765 Interest 8,972,450 Other expenditures 4,000 Capital outlay Total expenditures 45,755,691 10,440,577 902,137,927 310,175,393 21,597,215 245,957,589 (126,194,968) (16,341,090) 3,028,190 165,933,494 16,978,811 (217,206,425) (32,112,796) (3,524,014) 133,820,698 13,454,797 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Capital lease agreements 29,953,944 Loan proceeds (184,224,291) Total other financing sources (uses) Net change in fund balances Fund balances at beginning of year, as restated Increase (decrease) in reserve for inventories Fund balances at end of year $ 61,733,298 7,625,730 (2,886,293) 471,467,578 389,964 148,118,101 (88,946) 26,819,111 533,590,840 The notes to the financial statements are an integral part of this statement. 24 $ 155,654,885 $ 23,932,818 General Fund Other Total County Improvements Governmental Funds Governmental Funds $ $ $ 672,237,546 38,765,897 40,434,059 287,450,837 904,588,701 74,614,115 153,431,323 15,159,580 32,061,172 14,877,728 5,284,808 51,307,234 5,284,808 110,992,618 14,877,728 566,820,433 1,919,030,227 6,326,604 173,285,719 137,581,847 882,964,097 54,885,932 54,885,932 139,020,656 378,763,080 28,425,542 30,186,081 12,404,750 14,677,474 2,986,711 15,607,476 2,468,956 11,441,406 16,583,611 1,250 206,213,261 5,250 278,993,140 16,583,611 590,315,509 1,840,809,655 (1,705,883) (23,495,076) 78,220,572 46,365,097 157,311,954 389,617,546 (6,775,900) (126,998,411) (386,617,546) 10,106,857 29,953,944 10,106,857 40,420,400 43,060,801 39,589,197 $ 94,237,962 37,883,314 16,925,324 121,281,373 242,374,006 391,781,474 669,800 1,280,560,270 970,818 280,257,320 $ 409,376,598 $ 1,402,812,461 25 Maricopa County Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Fiscal Year Ended June 30, 2008 Net change in fund balances – total governmental funds (page 25) $ 121,281,373 Amounts reported for governmental activities in the Statement of Activities pages 20 – 21 are different because: Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. 153,850,859 The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to decrease net assets. (39,025,754) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 1,488,924 The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of longterm debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. Also, governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. This amount is the net effect of these differences in the treatment of long-term debt and related items. (11,198,361) Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures in governmental funds. (6,259,950) Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The net revenue of internal service funds is reported with governmental activities. 14,220,438 Change in net assets of governmental activities (page 21) The notes to the financial statements are an integral part of this statement. 26 $ 234,357,529 27 Maricopa County Statement of Net Assets Proprietary Funds June 30, 2008 Governmental Activities – Internal Service Funds ASSETS Current assets: Cash in bank and on hand $ Cash and investments held by County Treasurer 741,291 104,340,263 Receivables: Accounts 2,155,995 Accrued Interest 617,477 Inventories 1,816,445 1,597,962 Prepaids 111,269,433 Total current assets Noncurrent assets: Capital assets: Buildings and improvements 323,649 Machinery and equipment 10,588,897 (6,546,538) Less accumulated depreciation 4,366,008 Total noncurrent assets 115,635,441 Total assets LIABILITIES Current liabilities: Accounts payable 4,962,861 Employee compensation payable 849,059 Accrued liabilities 3,259,493 Due to other funds 719,868 35,115,226 Liability for reported and incurred but not reported claims (current portion) 44,906,507 Total current liabilities Noncurrent liabilities: 33,503,519 Liability for reported and incurred but not reported claims Total noncurrent liabilities 33,503,519 Total liabilities 78,410,026 NET ASSETS Invested in capital assets, net of related debt Unrestricted $ Total net assets The notes to the financial statements are an integral part of this statement. 28 4,366,008 32,859,407 37,225,415 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended June 30, 2008 Governmental Activities – Internal Service Funds OPERATING REVENUES Charges for services $ Miscellaneous 202,104,155 700,915 202,805,070 Total operating revenues OPERATING EXPENSES Personal services 11,224,007 Supplies 17,932,675 Other services 11,678,412 Legal 7,734,415 Insurance 128,116,338 Leases and rentals 1,075,637 Repairs and maintenance 3,393,662 Travel and transportation 36,799 Utilities 7,685,554 1,014,028 Depreciation 189,891,527 Total operating expenses Operating income 12,913,543 NONOPERATING REVENUES (EXPENSES) Investment income 4,675,893 Interest expense (17,846) (21,818) Loss on disposal of capital assets 4,636,229 Total nonoperating revenues Income before contributions and transfers 17,549,772 Capital contributions 354,029 (3,683,363) Transfers out Change in net assets 14,220,438 Total net assets – beginning 23,004,977 Total net assets – ending $ 37,225,415 The notes to the financial statements are an integral part of this statement. 29 Maricopa County Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2008 Governmental Activities Internal Service Funds CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services Net cash provided by operating activities $ 201,084,811 700,915 (171,132,245) (11,303,844) 19,349,637 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Cash transfers to other funds Interest payments Loan payments to General Fund Net cash used for noncapital financing activities (2,280,132) (17,410) (560,314) (2,857,856) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Capital lease payments Interest payments on long-term debt Net cash used for capital and related financing activities (1,063,543) (54,501) (436) (1,118,480) CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities 4,575,647 Net increase in cash and cash equivalents 19,948,948 4,575,647 85,132,606 Cash and cash equivalents, July 1, 2007 Cash and cash equivalents, June 30, 2008 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES: Operating income Adjustments to reconcile operating income to net cash provided by operating activities Depreciation expense Liability for reported and incurred but not reported claims – noncurrent Changes in assets [(increase)/decrease] and liabilities [increase/(decrease)]: Accounts receivable Inventories Prepaids Accounts payable Employee compensation payable Accrued liabilities Liability for reported and incurred but not reported claims - current $ 105,081,554 $ 12,913,543 1,014,028 (2,509,463) (1,019,344) (212,378) 257,556 (4,899,554) (79,837) 2,692,965 11,192,121 $ Net cash provided by operating activities SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES: Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of capital assets Capital contributions Capital assets transferred from governmental activities Capital assets transferred to governmental activities Transfer out capital assets to governmental activities Accumulated depreciation transferred from governmental activities $ 19,349,637 586,437 (608,255) 21,818 (354,029) 403,189 (683,363) 683,363 (49,160) The notes to the financial statements are an integral part of this statement. 30 31 Maricopa County Statement of Fiduciary Net Assets Fiduciary Funds June 30, 2008 Investment Trust Fund Agency Fund Assets Cash in bank and on hand $ Cash and investments held by County Treasurer $ 43,159,467 $ 43,159,467 $ $ 43,159,467 43,159,467 2,504,580,023 14,570,894 Accrued interest receivable 2,519,150,917 Total assets Liabilities Deposits held for other parties Total liabilities Net Assets Held in trust for investment participants $ 2,519,150,917 The notes to the financial statements are an integral part of this statement. 32 Maricopa County Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Fiscal Year Ended June 30, 2008 Investment Trust Fund Additions: Contributions from participants $ 14,388,496,096 Investment income: Interest income 87,691,872 15,073,507 Net increase in fair value of investments 102,765,379 Net investment earnings 14,491,261,475 Total additions Deductions: 14,538,403,352 Distributions to participants 14,538,403,352 Total deductions Change in net assets (47,141,877) 2,566,292,794 Net assets – beginning Net assets – ending $ 2,519,150,917 The notes to the financial statements are an integral part of this statement. 33 34 Financial Section Basic Financial Statements - Notes Basic Financial Statements - Notes Maricopa County Basic Financial Statements – Notes NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 2 REPORTING CHANGES NOTE 3 BEGINNING BALANCES RESTATED NOTE 4 RECONCILIATION STATEMENTS NOTE 5 STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY NOTE 6 DEPOSITS AND INVESTMENTS NOTE 7 CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL NOTE 8 RECEIVABLES NOTE 9 DUE FROM OTHER GOVERNMENTAL UNITS NOTE 10 INTERGOVERNMENTAL LOANS NOTE 11 CAPITAL ASSETS NOTE 12 CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS NOTE 13 LONG-TERM LIABILITIES NOTE 14 MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS NOTE 15 MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT NOTE 16 OPERATING LEASES NOTE 17 RISK MANAGEMENT NOTE 18 POLLUTION REMEDIATION OBLIGATIONS NOTE 19 PENSIONS AND OTHER POSTEMPLOYEMENT BENEFITS NOTE 20 INTERFUND BALANCES AND ACTIVITY NOTE 21 SUBSEQUENT EVENTS OF GOVERNMENT-WIDE 37 AND FUND FINANCIAL Notes to the Financial Statements (Continued) NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of Maricopa County conform to U.S. generally accepted accounting principles applicable to governmental units adopted by the Governmental Accounting Standards Board (GASB). For the year ended June 30, 2008, the County implemented the provisions of GASB Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions, GASB Statement No. 48, Sales and Pledges of Receivables and Future Revenues and Intra-Entity Transfers of Assets and Future Revenues, GASB Statement No. 50, Pension Disclosure (an amendment of GASB Statements No. 25 and No. 27), and early implemented GASB Statement No. 49, Accounting and Financial Reporting for Pollution Remediation Obligations. GASB Statements No. 45, 48, and 50 require disclosure in the notes to financial statements, and had no effect on reported amounts of revenues, expenses or net assets. GASB Statement No. 45 requires systematic measurement and recognition of other postemployment benefits’ (OPEB) cost over employees’ years of service and provides information about actuarial accrued liabilities associated with OPEB. Although the County does not offer OPEB and has no OPEB liabilities to recognize, the County does participate in pension plans offering OPEB. As a result, GASB No. 45 requires the County to provide additional disclosure in the notes and required supplementary information. See Note 19 – Pensions and Other Postemployment Benefits and Required Supplementary Information – Schedule of Agent Retirement Plans’ Funding Progress. GASB Statement No. 48 requires that the County disclose pledged future revenue that is committed to collateralize or secure debt. See Note 13 – Long-term Liabilities. GASB Statement No. 50 amends GASB Statements Nos. 25 and 27 to require governmental employers to present certain additional pension disclosures in the notes and additional required supplementary information. See Note 19 – Pensions and Other Postemployment Benefits and Required Supplementary Information – Schedule of Agent Retirement Plans’ Funding Progress. GASB Statement No. 49 requires the County to disclose current or potential detrimental effects of existing pollution remediation activities. See Note 18 – Pollution Remediation Obligations. A. Reporting Entity Maricopa County is a general purpose local government governed by a separately elected board of five county supervisors. The accompanying financial statements present the activities of the County (the primary government) and its component units. Component units are legally separate entities for which the County is considered to be financially accountable. Blended component units, although legally separate entities, are in substance part of the County’s operations. Therefore, data from these units is combined with data of the primary government. Discretely presented component units, on the other hand, are reported in a separate column in the government-wide financial statements to emphasize they are legally separate from the County. Each blended and discretely presented component unit discussed below has a June 30 year-end. The reporting entity is comprised of the primary government, Maricopa County Flood Control District, Maricopa County Library District, Maricopa County Public Finance Corporation, Maricopa County Special Assessment Districts, Maricopa County Stadium District, Maricopa County Street Lighting Districts, Housing Authority of Maricopa County, and Phoenix Regional Sports Commission. The blended component units are as follows: Maricopa County Flood Control District The Maricopa County Flood Control District is a legally separate, tax-levying entity pursuant to A.R.S. §48-3602 that provides flood control facilities and regulates floodplains and drainage to prevent flooding of property in Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Flood Control District, it is able to significantly influence the programs, 38 Notes to the Financial Statements (Continued) projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. Maricopa County Library District The Maricopa County Library District is a legally separate, tax-levying entity pursuant to A.R.S. §483901 that provides and maintains library services for the residents of Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Library District, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. Maricopa County Public Finance Corporation Maricopa County Public Finance Corporation is a nonprofit corporation created by the Maricopa County Board of Supervisors that exists primarily to assist the County in the acquisition, construction, and improvement of County facilities, including real property and personal property. The Board of Directors of the Public Finance Corporation is subject to the approval of the County Board of Supervisors and the corporation exists primarily for the benefit of the County; therefore, the Corporation is considered a blended component unit of the County. The Corporation has issued certificates of participation, lease revenue bonds, and lease trust certificates that evidence undivided proportionate interests in rent payments to be made under the lease agreements, with an option to purchase, between Maricopa County and the Corporation. Since this debt is in substance the County’s obligation, these liabilities and resulting assets are reported on the County’s financial statements. Maricopa County Special Assessment Districts The Special Assessment Districts are legally separate entities that provide improvements to various properties within the County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Maricopa County Special Assessment Districts, it is able to significantly influence the activities or level of services provided by the Districts; therefore, the Districts are considered a blended component unit of the County. Maricopa County Stadium District The Maricopa County Stadium District is a legally separate entity pursuant to A.R.S. §48-4202 that provides regional leadership and fiscal resources to assure the presence of Major League Baseball in Maricopa County. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Stadium District, it is able to significantly influence the programs, projects, activities, or level of services provided by the District; therefore, the District is considered a blended component unit of the County. Complete financial statements for the Maricopa County Stadium District may be obtained at the entity’s administrative office listed below: Maricopa County Stadium District 401 East Jefferson Phoenix, Arizona 85004 www.maricopa.gov/stadiumdistrict Maricopa County Street Lighting Districts The Street Lighting Districts are legally separate entities that provide street lighting in areas of the County that are not under local city jurisdictions. As the Maricopa County Board of Supervisors serves as the Board of Directors of the Maricopa County Street Lighting Districts, the Districts are considered a blended component unit of the County. 39 Notes to the Financial Statements (Continued) The discretely presented component units are as follows: Housing Authority of Maricopa County The Housing Authority is a legally separate entity pursuant to A.R.S. §36-1404 that provides efficient and affordable rental housing to low-income households of Maricopa County. Each member of the Maricopa County Board of Supervisors appoints one member to the Board of Commissioners while the sixth member shall be based on the recommendation of the County Administrative Officer and the seventh member shall be appointed by a majority vote of the Maricopa County Board of Supervisors. The County does not have the ability to impose its will on the Housing Authority. The Housing Authority is a discretely presented component unit, as the Maricopa County Board of Supervisors may dissolve the Authority at any time at the sole discretion of the County and, therefore, a financial benefit or burden exists. Housing Authority of Maricopa County 2024 North Seventh Street, Suite 201 Phoenix, Arizona 85006 www.maricopahousing.org Phoenix Regional Sports Commission The Phoenix Regional Sports Commission (Sports Commission) is a legally separate entity pursuant to A.R.S. §11-701. The Sports Commission provides the citizens of Maricopa County with a variety of sporting experiences by assisting in the promotion and acquisition of events, teams, and youth programs. The Sports Commission’s governing board consists of fifteen members, of whom the Maricopa County Board of Supervisors appoints five members, a state university president appoints one member, and the remaining nine members are appointed by the seven most populous cities’ mayors within the County. The County does not have the ability to impose its will on the Sports Commission. The Sports Commission is a discretely presented component unit, as the Maricopa County Board of Supervisors may dissolve the Sports Commission at any time at the sole discretion of the County and, therefore, a financial benefit or burden exists. Complete financial statements for the Phoenix Regional Sports Commission may be obtained at the entity’s administrative office listed below: Phoenix Regional Sports Commission 400 East Van Buren, Suite 600 Phoenix, Arizona 85004 www.phxsports.org Related Organization The Industrial Development Authority of Maricopa County (Authority) is a legally separate entity that was created to assist in the financing of commercial and industrial enterprises; safe, sanitary, and affordable housing; and healthcare facilities. The Authority fulfills its function through the issuance of tax exempt or taxable revenue bonds. The County Board of Supervisors appoints the Authority’s Board of Directors. The Authority’s operations are completely separate from the County and the County is not financially accountable for the Authority. Therefore, the financial activities of the Authority have not been included in the accompanying financial statements. B. Basis of Presentation The basic financial statements include both government-wide statements and fund financial statements. The government-wide statements focus on the County as a whole, while the fund financial statements focus on major funds. Each presentation provides valuable information that can be analyzed and compared between years and between governments to enhance the usefulness of the information. 40 Notes to the Financial Statements (Continued) Government-wide financial statements – provide information about the primary government (the County) and its component units. The statements include a statement of net assets and a statement of activities. These statements report the financial activities of the overall government, except for fiduciary activities. They also distinguish between the governmental and business-type activities of the County and between the County and its discretely presented component units. Governmental activities generally are financed through taxes and intergovernmental revenues. Business-type activities are financed in whole or in part by fees charged to external parties. The County has no business-type activities. The statement of activities presents a comparison between direct expenses and program revenues for each function of the County’s governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. The County allocates indirect expenses to programs or functions. Program revenues include: • charges to customers or applicants for goods, services, or privileges provided, • operating grants and contributions, and • capital grants and contributions, including special assessments. Revenues that are not classified as program revenues, including internally dedicated resources, unrestricted grant revenues, and all County levied taxes or taxes not levied by the County that are not restricted to a specific program, are reported as general revenues. Generally, the effect of interfund activity has been eliminated from the government-wide financial statements to minimize the double counting of internal activities. However, charges for interfund services provided and used are not eliminated if doing so would distort the direct costs and program revenues reported by the departments concerned. Fund financial statements – provide information about the County’s funds, including fiduciary funds and blended component units. Separate statements are presented for the governmental, proprietary, and fiduciary fund categories. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as nonmajor funds. Fiduciary funds are aggregated and reported by fund type. The County has no enterprise funds. Proprietary fund revenues and expenses are classified as either operating or nonoperating. Operating revenues and expenses generally result from transactions associated with the fund’s principal activity. Accordingly, revenues, such as user charges, in which each party receives and gives up essentially equal values, are reported as operating revenues. Nonoperating revenues, such as investment income, result from transactions in which the parties do not exchange equal values. Operating expenses include the cost of services, administrative expenses, and depreciation on capital assets. Other expenses, such as interest expense, are considered to be nonoperating expenses. The County reports the following major governmental funds: The General Fund – is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Detention Operations Fund – was established under the authority of propositions 400 and 401, which were passed in the General Election of November 3, 1998. These propositions authorized a temporary 1/5 of one-cent sales tax to be used for the construction and operation of adult and juvenile detention facilities. On November 5, 2002, the voters approved the extension of the 1/5 of one-cent sales tax in the General Election. The extension begins in the month following the expiration of the original tax and may continue for not more than twenty years after the date the tax collection begins. The Detention Operations Fund accounts for the jail tax revenue and transfers from the General Fund 41 Notes to the Financial Statements (Continued) for maintenance of effort and jail operations expenditures. The Detention Operations Fund transfers monies to the Detention Capital Projects Fund for the construction of the jail facilities. The amount to be transferred to the Detention Capital Projects Fund for any given year is determined through the budget planning process. The County Improvement Debt Fund – accounts for the debt service on the Lease Revenue Bonds, Series 2001; the Lease Revenue Refunding Bonds, Series 2003; Lease Revenue Bonds, Series 2007A; Lease Revenue Refunding Bonds, Series 2007B; Lease Trust Certificates, Series 2004; and other long-term obligations. Funding is provided by transfers from the General Fund; intergovernmental revenue from the Maricopa County Special Health Care District, a separate legal entity; and pledged contributions from various donors for the Human Services Campus. The General Fund County Improvements Fund – was established to fund current and future capital projects. Fund assets may be used to pay directly for capital projects or may be appropriated by the Board of Supervisors for debt service. None of the funds has been pledged for debt service, and fund assets may be transferred by the Board of Supervisors at any time for any other County purpose. The County also reports the following fund types: The internal service funds – account for automotive maintenance and service, telecommunications services, printing and duplicating services, insurance services, self-insured employee benefits, and warehouse services provided to County departments or to other governments on a cost reimbursement basis. The investment trust fund – accounts for pooled assets held and invested by the County Treasurer on behalf of other governmental entities. The agency fund – accounts for assets held by the County as an agent for other governments and individuals. C. Basis of Accounting The government-wide, proprietary fund, and fiduciary fund financial statements are presented using the economic resources measurement focus, with exception of the agency fund, and the accrual basis of accounting. The agency fund is custodial in nature and does not have a measurement focus. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. Property taxes are recognized as revenue in the year for which they are levied. Grants and donations are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental funds in the fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when they become both measurable and available. The County considers all revenues reported in the governmental funds to be available if the revenues are collected within 60 days after year-end. The County’s major revenue sources that are susceptible to accrual are property taxes, intergovernmental, charges for services, and investment earnings. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general longterm debt, claims and judgments, and compensated absences, which are recognized as expenditures to the extent they are due and payable. General capital asset acquisitions are reported as expenditures in governmental funds. Loan proceeds and acquisitions under capital lease agreements are reported as other financing sources. Under the terms of grant agreements, the County funds certain programs by a combination of grants and general revenues. Therefore, when program expenses are incurred, there are both restricted and unrestricted net assets available to finance the program. The County applies grant resources to such programs before using general revenues. The County’s internal service funds and the discretely presented component units follow FASB Statements and Interpretations issued on or before November 30, 1989; Accounting Principles Board 42 Notes to the Financial Statements (Continued) Opinions; and Accounting Research Bulletins, unless those pronouncements conflict with GASB pronouncements. The County and its discretely presented component units have chosen the option to not follow FASB Statements and Interpretations issued after November 30, 1989. D. Cash and Investments For purposes of its statements of cash flows, the County considers only those highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Nonparticipating interest-earning investment contracts are stated at cost. Money market investments and participating interest-earning investment contracts with a remaining maturity of one year or less at time of purchase are stated at amortized cost. All other investments are stated at fair value. E. Inventories The County accounts for its inventories in the governmental funds using the purchase method. Inventories of the governmental funds consist of expendable supplies held for consumption and are recorded as expenditures at the time of purchase. Amounts on hand at year-end are shown on the balance sheet as an asset for informational purposes only and are offset by a fund balance reserve to indicate that they do not constitute “available spendable resources.” These inventories are stated at weighted-average cost. Inventories of the proprietary funds’ financial statements are recorded as assets when purchased and expensed when consumed. The amount shown on the statement of net assets for the internal service funds is valued at cost using the moving average method. F. Property Tax Calendar The County levies real property taxes and commercial personal property taxes on or before the third Monday in August that become due and payable in two equal installments. The first installment is due on the first day of October and becomes delinquent after the first business day of November. The second installment is due on the first day of March of the next year and becomes delinquent after the first business day of May. During the year, the County also levies mobile home personal property taxes that are due the second Monday of the month following receipt of the tax notice and become delinquent 30 days later. A lien assessed against real and personal property attaches on the first day of January preceding assessment and levy. G. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the government-wide statements and the proprietary funds. Capital assets are defined as assets with an initial, individual cost of more than $5,000. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets’ lives are not capitalized. Property, plant, and equipment of the primary government and the discretely presented component units are depreciated using the straight-line method over the following estimated useful lives: Type of Assets Buildings and improvements Infrastructure Autos and trucks Other equipment Estimated Useful Life (In Years) Discretely Presented Primary Government Component Units 20 - 50 20 - 30 25 - 50 N/A 3 - 10 7 3 - 20 5 7 43 Notes to the Financial Statements (Continued) All infrastructure assets are reported on the government-wide financial statements. Infrastructure maintained by the County Department of Transportation consists of roadways, bridges and related assets. These assets are not depreciated as they are reported using the modified approach. Under the modified approach, the County’s roadway and bridge systems are being preserved at a specified condition level established by the County. For information on the modified approach, see Required Supplementary Information – Modified Approach for Infrastructure Assets. The Flood Control District accounts for the County’s remaining infrastructure assets consisting of drainage systems, dams, flood channels and canals. For the Department of Transportation’s infrastructure assets owned prior to fiscal year 2002, the County estimated their historical cost. The fair market value for right-of-way assets was estimated based on current regional land acquisitions and deflated by the trended growth rate, as determined by the County assessed valuation from the State of Arizona Department of Revenue Abstract of the Assessment Roll for vacant land, agriculture and government property not including legally exempt land. The fair market value for roadway system assets was estimated based on current construction costs and deflated using the Price Trends for Federal-Aid Highway Construction, published by the U.S. Department of Transportation, Federal Highway Administration, Office of Program Administration and Office of Infrastructure. Flood Control District infrastructure assets are accounted for using the straight-line depreciation method with a useful life between 25 and 50 years. For infrastructure assets owned prior to fiscal year 2002, the County used internal records, maintained by the department, to estimate Flood Control’s historical cost for these assets. H. Investment Income Investment income is composed of interest, dividends, and net changes in the fair value of applicable investments. I. Compensated Absences Compensated absences consist of vacation leave and a calculated amount of sick leave earned by employees based on services already rendered. Employees may accumulate up to 240 hours of vacation leave, but any vacation hours in excess of the maximum amount that are unused at calendar year-end convert to sick leave. Upon termination of employment, all unused vacation benefits are paid to employees. Accordingly, vacation benefits are accrued as a liability in the financial statements. Employees may accumulate an unlimited number of sick leave hours. Generally, sick leave benefits provide for ordinary sick pay and are cumulative but are forfeited upon termination of employment. Because sick leave benefits do not vest with employees, a liability for sick leave benefits is not accrued in the financial statements. However, upon retirement, County employees with accumulated sick leave in excess of 1,000 hours are entitled to a $10,000 nontaxable investment in a Post Employment Health Plan established pursuant to Internal Revenue Code §501(c)(9). The obligations vested at June 30, 2008, under this policy are accrued as a liability. Compensated absences are substantially paid within one year from fiscal year-end and, therefore, are reported as a current liability on the government-wide financial statements. NOTE 2 – REPORTING CHANGES Beginning in fiscal year 2008, the Solid Waste Management Fund will be reported as a special revenue fund. In the prior year, the Solid Waste Management Fund was reported as a major enterprise fund. The County’s last remaining landfill ceased accepting waste during fiscal year 2007 and the associated landfill fees will no longer be collected. However, the County continues to operate transfer stations, which are partially supported by user charges. Thus, the operations of the Solid Waste Management Fund are no longer predominately supported by user fees and charges. This fund is a nonmajor governmental fund. 44 Notes to the Financial Statements (Continued) NOTE 3 – BEGINNING BALANCES RESTATED In fiscal year 2007, the Solid Waste Management Fund was reported as an enterprise fund. However, as the last remaining landfill stopped accepting waste in May 2007, the fund’s operations are no longer predominately funded by user fees and charges. Beginning July 1, 2007, the County is reporting the Solid Waste Management Fund as a governmental fund. As a result, on July 1, 2007, Maricopa County restated beginning net assets of governmental and business-type activities and beginning fund balance of the governmental fund financial statements. On July 1, 2007, the County restated the Accommodation Schools Fund beginning fund balance for a prior period correction of $298,348 for grant revenues that were accrued in error. On July 1, 2007, the County restated the County Attorney RICO Fund beginning fund balance for a prior period correction of $136,903 pertaining to a post-closing journal entry recorded in error. On July 1, 2007, the County restated governmental activities capital assets balances by $19,507,896 for corrections of prior periods resulting from capital assets that were owned by the County but unrecorded. This restatement was comprised of adjustments to buildings and improvements, machinery and equipment, and land of $8,368,532, $11,137,871, and $1,493, respectively. On July 1, 2007, the County restated governmental activities capital asset balances by ($31,177,177) for corrections of prior periods of Flood Control and Transportation infrastructure related assets. These corrections were a result of assets that should have been deleted in prior periods of ($20,029,607), assets that were recorded in error of ($21,089,098), and assets that were owned by the County but unrecorded of $9,941,528. This restatement was comprised of adjustments to land, construction in progress, and infrastructure of ($5,803,770), ($17,321,467), and ($8,051,940), respectively. On July 1, 2007, the County restated beginning net assets of governmental activities by $8,420,525 due to early implementation of GASB Statement No. 49, which reduced beginning claims and judgments liabilities. Beginning net assets and beginning fund balances were adjusted for the above, as follows: Net assets/fund balance reported as of June 30, 2007 Governmental Activities Business-type Activities Total Governmental Funds $ 3,612,138,511 $ (1,618,365) $1,267,422,066 (13,671,935) (1,939,253) 98,480 17,131,073 13,671,935 Add/(Delete): Solid Waste Management Fund Current assets Non-current assets Current liabilities Non-current liabilities Delete: Accommodation Schools grant revenue Delete: County Attorney RICO Fund prior-year revenue Add: General government capital assets corrections Delete: Infrastructure asset corrections Add: Claims and judgments restatement 13,671,935 1,939,253 (98,480) (17,131,073) (298,348) (136,903) 19,507,896 (31,177,177) 8,420,525 Net assets/fund balance as of July 1, 2007, as restated $ 3,606,836,139 (98,480) (298,348) (136,903) $ $1,280,560,270 In addition, the beginning net assets of the discretely presented component units were adjusted for Housing Authority capital assets which were recorded in error. Discretely Presented Component Units Net assets reported as of June 30, 2007 Delete: Housing Authority capital assets Net assets as of July 1, 2007, as restated 45 $ $ 29,577,940 (560,068) 29,017,872 Notes to the Financial Statements (Continued) NOTE 4 – RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS The Governmental Funds Balance Sheet includes the reconciliation between fund balances – total governmental funds and net assets – Governmental Activities as reported in the government-wide Statement of Net Assets. The details of this reconciliation follow: $ Fund balances – total governmental funds 1,402,812,461 Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. 527,203,186 1,425,441,685 253,975,230 837,286,052 202,661,754 (513,681,603) 2,732,886,304 Land Buildings and improvements Machinery and equipment Infrastructure Construction in progress Accumulated depreciation Net governmental funds capital assets at June 30, 2008 Some receivables are not available to pay for current period expenditures and therefore, are deferred in the funds. 15,535,783 7,639,218 2,490,000 25,665,001 Deferred revenue for property taxes receivable at June 30, 2008 Deferred revenue for grant revenues receivable at June 30, 2008 Deferred revenue for contributions receivable at June 30, 2008 Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Assets. 37,225,415 Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2008, and therefore, are not reported in the funds. (163,900,000) (4,612,000) (3,850,000) (44,270,000) (10,864,916) (67,778) 4,830,193 (6,332,348) (50,093,644) (5,811,870) (57,874,314) (14,322,203) (226,633) (357,395,513) Noncurrent lease revenue bonds due in more than one year at June 30, 2008 Lease trust certificates payable at June 30, 2008 Certificates of participation due in more than one year at June 30, 2008 Stadium District revenue bonds payable at June 30, 2008 Stadium District loan payable at June 30, 2008 Special assessment debt with governmental commitment payable at June 30, 2008 Deferred issuance cost at June 30, 2008 Bond premium payable at June 30, 2008 Governmental funds capital leases payable at June 30, 2008 Claims and judgments at June 30, 2008 Governmental funds compensated absences payable at June 30, 2008 Liability for closure and postclosure costs at June 30, 2008 Accrued interest payable at June 30, 2008 $ Net assets of governmental activities 46 3,841,193,668 Notes to the Financial Statements (Continued) The governmental fund reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances is a reconciliation between net changes in fund balances – total governmental funds and changes in net assets of governmental activities as reported in the government-wide Statement of Activities. The details of this reconciliation follow: Net change in fund balances – total governmental funds $ 121,281,373 Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. Governmental funds capital outlay Government-wide depreciation expense for the year ended June 30, 2008 Add: Internal service funds depreciation expense for the year ended June 30, 2008 212,116,034 (59,279,203) 1,014,028 153,850,859 The net effect of various miscellaneous transactions involving capital assets is to decrease net assets. Net value of disposed capital assets for the year ended June 30, 2008 Adjustment for the net value of assets capitalized in the current year but acquired in prior years Donations of capital assets (86,243,945) 1,839,268 45,378,923 (39,025,754) Collection of revenues in the governmental funds exceeded revenues reported in the Statement of Activities. Collections of deferred revenues plus current-year grant revenues exceeding amounts reported as earned for the year ended June 30, 2008 Property taxes earned during the year ended June 30, 2008 Collections of deferred contributions revenues exceeding amounts reported as earned for the year ended June 30, 2008 (794,814) 3,296,423 (1,012,685) 1,488,924 The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. Also, governmental funds report the effect of issuance costs, premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. This amount is the net effect of these differences in the treatment of long-term debt and related items. Principal payments on bonds Principal payments on lease trust certificates Proceeds from capital leases Net decrease in bond premium Principal payments on certificates of participation Principal payments on capital leases Net decrease in deferred issuance costs Proceeds from Stadium District loans payable Accrued interest payable on long-term debt 12,977,047 2,200,000 (29,953,944) 905,486 445,000 13,050,696 (707,115) (10,106,857) (8,674) (11,198,361) Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures in governmental funds. Net increase in employee compensation payable Increase in reserve for inventories Net decrease in claims and judgments Net decrease in liability for closure and postclosure costs (7,955,820) 970,818 651,245 73,807 (6,259,950) Internal service funds are used by management to charge the costs of equipment services, telecommunications, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The net revenue of internal service funds is reported with governmental activities. 14,220,438 $ Change in net assets of governmental activities 47 234,357,529 Notes to the Financial Statements (Continued) NOTE 5 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2008, the following funds reported deficits in fund balances or net assets. DEFICIT FUND Governmental Funds: Adult Probation Grants Air Quality Grants Clerk of Court Grants County Attorney Grants Emergency Management Human Services Grants Juvenile Probation Grants Parks and Recreation Grants Public Defender Grants School Grants Sheriff Grants Sheriff RICO Trial Court Grants Proprietary Funds: Risk Management $ 54,092 433,038 61,643 108,205 195,971 3,991,262 260,651 23,781 1,280 92,302 773,140 740 10,970 $ 14,429,228 The deficits in fund balances for Adult Probation Grants, Air Quality Grants, Clerk of Court Grants, County Attorney Grants, Emergency Management, Human Services Grants, Juvenile Probation Grants, Parks and Recreation Grants, Public Defender Grants, School Grants, Sheriff Grants, and Trial Court Grants Funds were attributed to the deferring of certain grant revenues. The County accrues grant revenue received within 60 days after year-end, as it is available and measurable. Revenues received after 60 days are considered not available and are therefore deferred. Risk Management Fund’s funding plan calls for the fiscal year ending cash balance to equal the next year’s estimated claims and claims related expenses. As of June 30, 2008, the total net assets deficit was $14,429,228. This is primarily due to the Risk Management Fund not being funded for noncurrent accrued claim liabilities. The remaining fund balance deficit for the Sheriff RICO Fund resulted from operations during the year and is expected to be corrected through normal operations in fiscal year 2009. NOTE 6 – DEPOSITS AND INVESTMENTS Arizona Revised Statutes (A.R.S.) authorize the County to invest public monies in the State Treasurer’s investment pool; obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, sponsored corporations, or instrumentalities; specified state and local government bonds; interest earning investments such as savings accounts, certificates of deposit, and repurchase agreements in eligible depositories; and specified commercial paper, bonds, debentures, and notes issued by corporations organized and doing business in the United States. In addition, the County Treasurer may invest trust funds in fixed income securities of corporations doing business in the United States or District of Columbia. 48 Notes to the Financial Statements (Continued) Credit risk Statutes have the following requirements for credit risk: 1. Commercial paper must be rated P1 by Moody’s investors service or A1 or better by Standard and Poor’s rating service. 2. Corporate bonds, debentures, and notes must be rated A or better by Moody’s investors service or Standard and Poor’s rating service. 3. Fixed income securities must carry one of the two highest ratings by Moody’s investors service and Standard and Poor’s rating service. If only one of the above-mentioned services rates the security, it must carry the highest rating of that service. Custodial credit risk Statutes require collateral for demand deposits, certificates of deposit, and repurchase agreements at 101 percent of all deposits not covered by federal depository insurance. Concentration of credit risk Statutes do not include any requirements for concentration of credit risk. Interest rate risk Statutes require that public monies invested in securities and deposits have a maximum maturity of 5 years and that public operating fund monies invested in securities and deposits have a maximum maturity of 3 years. However, the Stadium District is allowed by a separate statute to invest monies, not held for operations, in eligible investments with a maturity of greater than 5 years. Investments in repurchase agreements must have a maximum maturity of 180 days. Foreign currency risk Statutes do not allow foreign investments. Deposits - At June 30, 2008, the carrying amount of the County’s deposits was $64,554,272, and the bank balance was $68,443,444. It is the County’s investment policy to collateralize all deposits by at least 101 percent of the deposits not covered by depository insurance. At a minimum, the collateral is to be held by the pledging financial institution or its agent, but does not have to be held in the County’s name. At June 30, 2008, $11,242,384 of the County’s bank balance was exposed to custodial credit risk as follows: Uninsured with collateral held by the pledging financial institution $ 11,242,384 Investments – The County’s investments at June 30, 2008, were as follows: Investment Type U.S. Treasury securities U.S. agency securities Mutual funds with trustee Guaranteed investment contracts Other investments $ $ Amount 8,257,830 3,845,211,027 45,366,252 16,953,789 11,034,689 3,926,823,587 Credit risk – It is the County’s investment policy to preserve the principal value and the interest income of an investment. The County can invest in obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, or instrumentalities. The County can also invest in commercial paper and corporate bonds with ratings that meet the statutory requirements specified above. At June 30, 2008, credit risk for the County’s investments was as follows: 49 Notes to the Financial Statements (Continued) Investment Type U. S. agency securities U. S. agency securities U. S. agency securities Mutual funds with trustee Guaranteed investment contracts Rating Aaa P1 Unrated Aaa Unrated Rating Agency Moody’s Moody’s Not applicable Moody’s Not applicable $ $ Amount 2,558,040,127 1,266,545,500 20,625,400 45,366,252 16,953,789 3,907,531,068 The $20,625,400 of unrated U.S. agency securities are discount notes issued by the Federal Agricultural Mortgage Corporation (FAMC). As specified in the FAMC Offering Circular, these discount notes were not, and are not expected to be, rated by any credit rating agency. The $11,034,689 of other investments are related to the Public Fiduciary, which invests in equities, mutual funds, U.S. Treasury securities, and other types of investments as directed by court order. Due to the difficulty of obtaining the information and as these investment amounts are determined to be immaterial, Maricopa County will not follow the credit risk disclosure requirements specified by GASB Statement No. 40 – Deposit and Investment Risk Disclosures. Custodial credit risk – For an investment, custodial credit risk is the risk that, in the event of the counterparty’s failure, the County will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. It is the County’s investment policy that all of the Treasurer’s securities be held by the agent or trust department and in the County’s name. However, the County does maintain investments in outside accounts that are uninsured and not registered in the County’s name. At June 30, 2008, the County had $45,366,252 in mutual funds held by the trustee that were uninsured and not registered in the County’s name. These investments are managed by the trustee in accordance with the trust agreement. The $11,034,689 of other investments are related to the Public Fiduciary, which invests in equities, mutual funds, U.S. Treasury securities, and other types of investments as directed by court order. Due to the difficulty of obtaining the information and as these investment amounts are determined to be immaterial, Maricopa County will not follow the custodial credit risk disclosure requirements specified by GASB Statement No. 40 – Deposit and Investment Risk Disclosures. Concentration of credit risk – It is the County’s investment policy to preserve the principal value of its investments. However, due to the limited investments allowed under statutes and the desire to preserve the principal value, the County’s investments may have a concentration of credit risk of more than 5 percent of total investments in one issuer. Five percent or more of the County’s investments at June 30, 2008 were in the Federal Home Loan Bank, the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, and the Federal Farm Credit Bank. These investments were 46.9 percent, 30.7 percent, 13.6 percent, and 5.9 percent, respectively, of the County’s total investments. Interest rate risk – It is the County’s investment policy to hold investments to maturity, where practical, and avoid any loss on investments resulting from an early sale or retirement of an investment. Additionally, securities should be invested for a shorter duration, where applicable. At June 30, 2008, the County had the following investments in debt securities. Investment Maturities Investment Type U.S. Treasury securities U.S. agency securities Mutual funds with trustee Guaranteed investment contracts Amount 8,257,830 3,845,211,027 45,366,252 16,953,789 $ 3,915,788,898 $ Less than 1 Year $ 8,257,830 1,393,514,744 45,366,252 $ 1,447,138,826 More than 10 Years 1–5 Years $ $ 2,451,696,283 8,122,500 $ 2,459,818,783 $ 8,831,289 8,831,289 The $8,831,289 of guaranteed investment contracts relate to the Stadium District which is allowed by statute to invest monies, not held for operations, for longer periods of time. 50 Notes to the Financial Statements (Continued) The $11,034,689 of other investments are related to the Public Fiduciary, which invests in equities, mutual funds, U.S. Treasury securities, and other types of investments, as directed by court order. Due to the difficulty of obtaining the information and as these investment amounts are determined to be immaterial, Maricopa County will not follow the interest rate risk disclosure requirements specified by GASB Statement No. 40 – Deposit and Investment Risk Disclosures. Foreign currency risk – The County does not have a formal investment policy with respect to foreign currency risk because State statutes do not allow foreign investments. A reconciliation of cash, deposits, and investments to amounts shown on the Statements of Net Assets follows: Cash, deposits and investments: Cash on hand $ 122,280 Amount of deposits 64,554,272 Amount of investments 3,926,823,587 Total $ Governmental Activities Statement of Net Assets: Cash in bank and on hand Cash and investments held by County Treasurer Cash and investments held by trustee Total 3,991,500,139 Investment Trust Fund Agency Fund Component Units Total $ 4,523,837 $ 1,357,737,011 2,504,580,023 77,444,016 $43,159,467 $ 4,055,785 $ 51,739,089 3,862,317,034 77,444,016 $1,439,704,864 $ 2,504,580,023 $43,159,467 $ 4,055,785 $ 3,991,500,139 NOTE 7 – CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL Arizona Revised Statutes require community colleges, school districts, and other local governments to deposit certain public monies with the County Treasurer. The Treasurer has a fiduciary responsibility to administer those and the County’s monies under his stewardship. The Treasurer invests, on a pool basis, all idle monies not specifically invested for a fund or program. In addition, the Treasurer determines the fair value of those pooled investments monthly and at June 30. The County Treasurer’s investment pool is not registered with the Securities and Exchange Commission as an investment company and there is no regulatory oversight of its operations. The pool’s structure does not provide for shares, and the County has not provided or obtained any legally binding guarantees to support the value of the participants’ investments. The Treasurer allocates interest earnings to each of the pool’s participants. However, for the County’s monies in the pool the Board of Supervisors authorized $7,411,582 of interest earned in certain other funds to be transferred to the General Fund. Substantially, all deposits and investments of the County’s primary government are included in the County Treasurer’s investment pool, except for $47,452,765 of deposits, $8,257,830 of investments in U.S. Treasury securities, $45,366,252 of mutual funds with trustee, $16,953,789 of guaranteed investment contracts, and $11,034,689 of other investments. Therefore, the deposit and investment risks of the Treasurer’s investment pool are substantially the same as the County’s deposit and investment risks. See Note 6 – Deposits and Investments for disclosure of the County’s deposit and investment risks. Details of each major investment classification follow: Investment Type U. S. agency securities Principal $3,854,366,978 Interest Rates 1.8 – 5.6% 51 Maturities 7/08 – 6/11 Reported Amount $3,845,211,027 Notes to the Financial Statements (Continued) A condensed statement of the investment pool’s net assets and changes in net assets follows. Statement of net assets Assets Liabilities Net assets $ $ Net assets held in trust for: Internal participants External participants Total net assets held in trust $ $ Statement of changes in net assets Total additions Total deductions Net increase (decrease) Net assets held in trust: July 1, 2007 June 30, 2008 $ $ 3,885,662,007 3,885,662,007 1,366,511,090 2,519,150,917 3,885,662,007 24,395,813,918 24,243,729,979 152,083,939 3,733,578,068 3,885,662,007 NOTE 8 – RECEIVABLES Receivables as of year-end for the County’s individual major funds and nonmajor funds in the aggregate are shown as follows. Taxes receivable does not have an allowance for uncollectible taxes, as the amount is considered immaterial. All other receivables are considered collectible. Pledged receivables represent amounts pledged from donors for the Human Services Campus. Governmental Funds Detention Operations Fund General Fund Receivables: Taxes Accrued interest Special assessments Pledged Total receivables $ $ 14,630,672 3,219,527 $ 17,850,199 $ County Improvement Debt Fund General Fund County Improvements Other Governmental Funds $ $ $ 3,092,264 2,037,573 65,199 $ 5,195,036 1,369,288 1,369,288 45,366 $ 2,798,900 2,844,266 1,646,347 $ 1,646,347 Total $ 17,722,936 8,318,101 65,199 2,798,900 $ 28,905,136 Discretely presented component units: Receivables as of year-end for the discretely presented component units including the applicable allowances for uncollectible accounts, are shown as follows: Housing Authority Receivables Intergovernmental Accounts Other Notes receivable Gross receivables Less: allowance for uncollectibles Net total receivables $ 155,121 16,193 145,890 5,065,000 5,382,204 (10,344) 5,371,860 $ 52 Sports Commission $ 40,000 40,000 $ 40,000 Notes to the Financial Statements (Continued) NOTE 9 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2008, of $168,243,813, as reported on the Governmental Funds balance sheet, include $74,369,456, $6,903,612, and $16,257,789 in state-shared revenues for sales taxes, vehicle license taxes, and highway user taxes, respectively; $22,141,879, $1,134,361, and $917,861 in jail tax, waste tire surcharge, and rental car surcharge, respectively, collected by the State but not received by the County; $19,834,834 in various Federal and State grants; $5,252,283 due from other governments for prisoner detention and police services; $3,734,379 due from cities and towns for Flood Control District, Library District, and Transportation Department intergovernmental agreements; and $48,097 of miscellaneous receivables from State and local governments. In addition, the County reported $17,649,262 for debt service reimbursements due from the Maricopa County Special Health Care District, a separate legal entity. The amount is reported in the County Improvement Debt Fund and is deferred, as it is not considered measurable and available to finance expenditures of the current period. As a result of the transition of the Medical Center to the District on January 1, 2005, the Medical Center transferred long-term debt obligations (lease revenue bonds, certificates of participation and installment purchase agreements) to the County. The Maricopa County Special Health Care District will pay the debt obligations per the terms of an Intergovernmental Agreement which coincide with the future principal and interest payments to July 1, 2015. NOTE 10 – INTERGOVERNMENTAL LOANS At June 30, 2008, the County reported intergovernmental loans of $20,950,382. This amount consists of three separate intergovernmental loans to the Maricopa County Special Health Care District, a separate legal entity. On July 1, 2005, the County provided a $15,433,000 ten-year loan to the Maricopa County Special Health Care District. The terms of the loan, as outlined in the Assistance Package Intergovernmental Agreement dated June 8, 2005, include the first five years interest free, with interest payable for the second five-year period at the rate earned by the County Treasurer over that period. The balance of the loan is due August 1, 2015. On September 30, 2005, the County provided a $5,347,350 loan to the Maricopa County Special Health Care District for AHCCCS equity requirements per the terms of the Assistance Package Intergovernmental Agreement dated June 8, 2005, and will be paid in full by October 1, 2008. The County also reported a $170,032 intergovernmental loan to the Maricopa County Special Health Care District for monies owed from the District to the General Fund for early extinguishment of certain debt in advance of maturity. The loan is paid semi-annually until July 1, 2010, at which time the loan will be paid in full. 53 Notes to the Financial Statements (Continued) NOTE 11 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2008 was as follows: Balance July 1, 2007, as restated Governmental activities: Nondepreciable assets: Land Construction in progress Infrastructure Total capital assets not being depreciated $ Depreciable assets: Buildings and improvements Machinery and equipment Infrastructure Total Less accumulated depreciation for: Buildings and improvements Machinery and equipment Infrastructure Total Total capital assets being depreciated, net Increase 502,996,454 187,538,104 580,869,273 1,271,403,831 $ $ 28,735,584 113,052,076 10,932,823 152,720,483 $ 527,203,186 202,661,754 607,208,177 1,337,073,117 1,366,344,148 233,377,103 230,077,875 66,380,727 48,870,394 6,959,541 17,683,370 1,829,799,126 115,251,121 24,642,911 273,711,713 146,469,602 58,292,798 478,474,113 28,018,378 26,626,713 4,637,836 2,167,152 15,361,747 299,562,939 157,734,568 62,930,634 59,282,927 17,528,899 520,228,141 1,351,325,013 55,968,194 7,114,012 1,400,179,195 Governmental activities capital assets, net $ 2,622,728,844 $ Discretely presented component units: Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ 4,830,082 1,017,243 5,847,325 $ Depreciable assets: Buildings and improvements Machinery and equipment Less accumulated depreciation Total 52,942,316 128,175,726 37,271,727 218,389,769 Balance June 30, 2008 Decrease 40,224,138 739,642 25,965,472 14,998,308 274,357,963 1,425,765,334 264,564,127 230,077,875 1,920,407,336 $ 159,834,495 $ 2,737,252,312 $ 463,039 1,017,243 1,480,282 $ 4,367,043 856,302 46,658 1,395,378 (492,418) 4,367,043 41,080,440 643,921 26,849,642 14,874,719 142,379 511,208 (368,829) Discretely presented component units capital assets, net $ $ 20,845,633 (492,418) $ 1,111,453 $ 19,241,762 The County pledged certain governmental activities land and buildings as collateral for various lease revenue bonds. See Note 13 – Long-term Liabilities for additional information regarding outstanding bonds at June 30, 2008. On July 1, 2007, the County reclassified the Solid Waste Management Fund as a special revenue fund, resulting in the elimination of business-type activities. Due to this reporting change, the County restated governmental activities capital assets balances to include Solid Waste Management Fund capital assets. In addition, the County restated governmental activities beginning capital asset balances for corrections of prior period errors. See Note 3 – Beginning Balances Restated for additional information. In addition, on July 1, 2007, the Housing Authority, a discretely presented component unit, restated beginning capital asset balances for corrections of prior periods. See Note 3 – Beginning Balances Restated for additional information. 54 Notes to the Financial Statements (Continued) Depreciation expense was charged to functions/programs as follows: Government activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Internal service funds $ Total governmental activities depreciation expense Discretely presented component units Housing Authority Sports Commission Total discretely presented component units depreciation expense $ 11,300,098 31,563,762 3,705,920 3,234,717 8,440,679 19,999 1,014,028 59,279,203 $ 1,393,659 1,719 $ 1,395,378 The depreciation expense charged to governmental activities is less than accumulated depreciation increases because of assets that were reclassified from building improvements to equipment. This resulted in an increase in machinery and equipment accumulated depreciation of $3,724 for the transferred assets, but does not constitute current year depreciation expense. NOTE 12 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2008, Maricopa County had the following major contractual commitments related to various capital projects. Commitments have been grouped into four major categories: Transportation Construction Projects, Flood Control Construction Projects, Construction and Maintenance of Adult and Juvenile Detention Facilities, and Construction of Various County Facilities. Transportation Construction Projects At June 30, 2008, the Maricopa County Transportation Department had contractual commitments of $32,547,925 for construction of various highway projects. The related estimated cost of completion based on the project budgets was $399,453,492, of which not all projects may be completed. Funding for these expenditures will be provided from Highway User Fuel Tax, the primary source of revenue for the Transportation Department. These projects are accounted for in the Transportation Capital Projects Fund (nonmajor governmental fund). Flood Control Construction Projects At June 30, 2008, the Maricopa County Flood Control District had contractual commitments of $15,081,060 for the construction of various flood control projects. The related estimated cost of completion based on the project budgets was $266,860,473, of which not all projects may be completed. Funding for these expenditures will be provided from the Flood Control District’s tax levy of property within Maricopa County, the primary source of revenue for the Flood Control District. These projects are accounted for in the Flood Control Capital Projects Fund (nonmajor governmental fund). Construction and Maintenance of Adult and Juvenile Detention Facilities At June 30, 2008, Maricopa County had contractual commitments of $143,970 related to major capital projects. The related estimated cost of completion based on the project budgets was $19,921,754, of which not all projects may be completed. Funding for these expenditures will be provided by the 1/5 of one-cent jail sales tax originally approved by voters in the November 3, 1998 general election and extended in the November 2, 2002 general election. These projects are accounted for in the Detention Capital Projects Fund (nonmajor governmental fund). 55 Notes to the Financial Statements (Continued) Construction of Various County Facilities At June 30, 2008, Maricopa County had contractual commitments of $25,141,662 related to major capital projects financed primarily by the Lease Revenue Bonds, Series 2007A. The related estimated cost of completion based on the project budgets was $341,568,050, of which not all projects may be completed. These projects are accounted for in the County Improvement Fund (nonmajor governmental fund). The County had additional contractual commitments of $2,283,455 relating to major capital projects accounted for in the Intergovernmental Capital Projects Fund (nonmajor governmental fund) and the General Fund County Improvements Fund (major governmental fund) and funded predominantly through transfers from the General Fund. The related estimated cost of completion based on the project budgets was $11,039,083, of which not all projects may be completed. NOTE 13 – LONG-TERM LIABILITIES The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2008. Balance July 1, 2007, as restated Governmental activities: Bonds, loans, and other payables: Lease revenue bonds Lease trust certificates Certificates of participation Stadium District revenue bonds Stadium District loans Special assessment debt with governmental commitment Capital leases Installment purchase agreements Plus: bond premium Total bonds, loans, and other payables Other liabilities: Claims and judgments Reported and incurred but not reported claims Liability for closure and postclosure costs Total other liabilities Governmental activities long-term liabilities $ 181,275,000 6,812,000 4,715,000 47,230,000 978,394 Additions Reductions Balance June 30, 2008 Due Within One Year 10,106,857 $ 7,605,000 2,200,000 420,000 2,960,000 220,335 $ 173,670,000 4,612,000 4,295,000 44,270,000 10,864,916 $ 9,770,000 1,617,000 445,000 3,105,000 399,577 20,558 12,899,432 205,765 82,519 50,093,644 24,929 20,296,449 $ 103,077 33,039,132 205,765 29,953,944 274,358,368 7,237,834 40,060,801 26,531,090 905,486 287,888,079 6,332,348 35,657,955 281,596,202 40,060,801 27,436,576 294,220,427 35,657,955 6,463,115 1,425,755 2,077,000 5,811,870 2,059,474 59,936,087 109,393,936 100,711,278 68,618,745 35,115,226 14,396,010 583,311 657,118 14,322,203 4,895,816 80,795,212 111,403,002 103,445,396 88,752,818 42,070,516 $ 362,391,414 $151,463,803 $130,881,972 $ 382,973,245 $ 77,728,471 On July 1, 2007, the County reclassified the Solid Waste Management Fund as a special revenue fund, resulting in the elimination of business-type activities. Due to this reporting change, lease revenue bonds and closure and postclosure care costs long-term liabilities were restated. In addition, on July 1, 2007, the County early implemented GASB Statement No. 49. As a result, $2,660,040 of closure and postclosure care costs was reclassified to claims and judgments and the beginning balance for claims and judgments was restated by ($8,420,525). See Note 3 – Beginning Balances Restated for additional information. Bonds, loans, and other payables were as follows at June 30, 2008: Lease Revenue Bonds On June 1, 2001, the Maricopa County Public Finance Corporation issued $124,855,000 of Lease Revenue Bonds to pay for the acquisition of, construction of, and equipment for the Public Service Building, Forensic Science Center, Superior Court Customer Service Center, parking garages, and related projects. Under the terms of the bond indentures, the Corporation received the proceeds to 56 Notes to the Financial Statements (Continued) construct and purchase these assets and the County will make lease payments to extinguish the debt. Lease payments will equal the aggregate amount of principal and interest due at that date. Upon the final lease payment, the title to the assets will transfer to the County. The County’s obligation to make lease payments will be subject to and dependent upon annual appropriations being made by the County. Bonds maturing after July 1, 2012, are subject to optional redemption in increments of $5,000 on July 1, 2011, or any date thereafter, at par plus accrued interest to the date fixed for redemption. In the event of nonappropriation, the bonds would be subject to special redemption at par plus accrued interest to the redemption date. On December 3, 2003, the Maricopa County Public Finance Corporation issued $16,880,000 of Lease Revenue Refunding Bonds for the current refunding of various certificates of participation (Series 2000, 1996, 1994, and 1993), capital leases, and an installment purchase contract, which were legally defeased as of June 1, 2004. The County will be obligated to make lease payments to extinguish the refunding debt when due until all lease payments under the lease have been paid. The County’s obligation to make lease payments will be subject to and dependent upon annual appropriations being made by the County. The bonds are not subject to optional redemption prior to maturity; however, in the event of nonappropriation, the bonds would terminate and be subject to special mandatory redemption at par plus accrued interest, without premium. On August 9, 2005, the Maricopa County Public Finance Corporation defeased a portion of the Lease Revenue Bonds, Series 2001, in the amount of $10,605,000. The County contributed the cash to advance refund the bonds, which mature on July 1, 2006 through July 1, 2015. Bonds maturing on or after July 1, 2012, are callable on July 1, 2011, and are redeemable at par plus accrued interest. The outstanding principal balance of $10,605,000 will be paid by investments held in an irrevocable trust with a fair value of $11,254,428. Accordingly, the trust account assets and liability for these defeased bonds are not included in the County’s financial statements. This portion of the lease revenue bonds was initially entered into by the Medical Center, which was transitioned to the Maricopa County Special Health Care District, a separate legal entity, on January 1, 2005. As a result of the transition, the Medical Center transferred this obligation to the County and the District reimburses the County for the principal and interest associated with this debt in accordance with the intergovernmental agreement between the County and the District. Although the County defeased this portion of the bonds, the District is still obligated to reimburse the County for the applicable principal and interest pursuant to the intergovernmental agreement. See Note 9 – Due From Other Governmental Units for additional information. On May 23, 2007, the Maricopa County Public Finance Corporation issued $108,100,000 of Lease Revenue Bonds to pay for the acquisition, construction, and renovation of the Durango Animal Care and Control Facility and various court facilities. Under the terms of the bond indentures, the Corporation received the proceeds to construct and purchase these assets and the County will make lease payments to extinguish the debt. Lease payments will equal the aggregate amount of principal and interest due at that date. Upon the final lease payment, the title to the assets will transfer to the County. The County’s obligation to make lease payments will be subject to and dependent upon annual appropriations being made by the County. Bonds maturing after July 1, 2017, are subject to optional redemption in increments of $5,000 on July 1, 2016, or any date thereafter, at par plus accrued interest to the date fixed for redemption. In the event of nonappropriation, the bonds would be subject to special redemption at par plus accrued interest to the redemption date. Refunded and Refinanced Obligations - On May 23, 2007, the Maricopa County Public Finance Corporation issued Lease Revenue Refunding Bonds, Series 2007B, for $32,840,000 (par value) with interest rates ranging from 4% to 5% and maturing from July 1, 2012 to July 1, 2015. The net bond proceeds were $34,414,011 which included a reoffering premium of $973,843, County contributions of $860,000, and cost of issuance of $259,831. The net proceeds were used to advance refund the Lease Revenue Bonds, Series 2001, of $32,215,000, with interest rates ranging from 4.75% to 5.5%, maturing from July 1, 2012 through July 1, 2015, and callable at par plus accrued interest on July 1, 2011. 57 Notes to the Financial Statements (Continued) The following Lease Revenue Bonds were outstanding as of June 30, 2008: DESCRIPTION AMOUNT OF ISSUE 2001 Lease Revenue Bonds 2003 Lease Revenue Refunding Bonds 2007A Lease Revenue Bonds 2007B Lease Revenue Refunding Bonds $ 124,855,000 16,880,000 108,100,000 32,840,000 Total $ 282,675,000 INTEREST RATES MATURITY DATES 4.55 – 5.47% 3.00 – 3.38% 3.50 – 5.00% 4.00 – 5.00% 7-1-08/12 7-1-08/12 7-1-08/31 7-1-12/15 OUTSTANDING AT JUNE 30, 2008 $ 27,280,000 5,450,000 108,100,000 32,840,000 $ 173,670,000 Annual debt service requirements to maturity for the County’s Lease Revenue Bonds are as follows: Year Ending June 30 2009 Governmental Activities Interest Principal $ Total 9,770,000 $ 7,626,469 $ 17,396,469 2010 10,615,000 7,148,079 17,763,079 2011 11,145,000 6,630,595 17,775,595 2012 10,585,000 6,103,790 16,688,790 2013 11,205,000 5,602,040 16,807,040 2014-18 43,190,000 20,842,350 64,032,350 2019-23 22,140,000 14,412,055 36,552,055 2024-28 27,875,000 8,521,963 36,396,963 2029-32 Total 27,145,000 1,985,088 29,130,088 $ 173,670,000 $ 78,872,429 $ 252,542,429 The County defeased lease revenue bonds by placing the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and the liability for these defeased bonds are not included in the County’s financial statements. At June 30, 2008, $32,215,000 of bonds outstanding are considered defeased as summarized below. Refunded and Refinanced Obligations Outstanding Issue Series 2001 Lease Revenue Bonds Principal $ 32,215,000 Call Date July 1, 2011 Lease Trust Certificates On August 1, 2004, the County and the Maricopa County Public Finance Corporation entered into a lease purchase agreement in which the land, conveyed to the Maricopa County Public Finance Corporation by the County, and financed improvements related to the Human Services Project will be leased to the County. On August 27, 2004, the Maricopa County Public Finance Corporation authorized the issuance of Lease Trust Certificates representing proportionate interests in semiannual lease payments for an amount not to exceed $15,000,000 to provide financing for the construction of improvements for a Human Services Campus public health clinic. The lease purchase agreement contains a purchase option at the end of the lease term similar to a capital lease, does not constitute indebtedness of the County under the Constitutional debt limit, and does not require voter approval. The County is responsible for the principal and interest payments for the amount of the certificates issued under the lease purchase agreement. The certificates, having a fixed rate of 4.165% and maturing on July 1, 2010, were issued on an as needed basis. As of June 30, 2008, the County had drawn all $15,000,000 from the Lease Trust Certificates. The lease purchase agreement provides that the debt service requirements on the amount of outstanding Lease Trust Certificates be re-amortized for any additional debt issued up to the authorized amount. 58 Notes to the Financial Statements (Continued) As of June 30, 2008, the outstanding Lease Trust Certificates and annual debt service requirements to maturity are as follows: Governmental Activities Principal Interest Year Ending June 30 2009 2010 2011 $ 1,617,000 1,700,000 1,295,000 $ 158,412 89,337 26,968 Total $ 4,612,000 $ 274,717 Certificates of Participation Certificates of Participation represent proportionate interests in semiannual lease payments. The County’s obligation to make lease payments is subject to annual appropriations being made by the County for that purpose. On November 1, 2000, Maricopa County Public Finance Corporation issued $6,975,000 of Certificates of Participation to pay for the acquisition of and improvements to the Desert Vista Hospital and medical office facilities. These certificates of participation were initially entered into by the Medical Center, which was transitioned to the Maricopa County Special Health Care District, a separate legal entity, on January 1, 2005. As a result of the transition, the Medical Center transferred this obligation to the County and the District reimburses the County for the principal and interest associated with this debt in accordance with the intergovernmental agreement between the County and the District. See Note 9 – Due From Other Governmental Units for additional information. The following Certificates of Participation were outstanding at June 30, 2008: DESCRIPTION INTEREST RATES MATURITY DATES 4.90 – 5.50% 7-1-08/15 AMOUNT OF ISSUE 2000 Certificates of Participation $ 6,975,000 OUTSTANDING AT JUNE 30, 2008 $ 4,295,000 Annual debt service requirements to maturity for certificates of participation are as follows: Year Ending June 30 2009 2010 2011 2012 2013 2014 – 16 Total $ $ Governmental Activities Principal Interest 445,000 $ 212,170 465,000 189,759 490,000 166,000 520,000 140,490 545,000 113,060 1,830,000 153,335 4,295,000 $ 974,814 Stadium District Revenue Bonds Stadium District Revenue Bonds are special obligations of the District. The bonds are payable solely from pledged revenues, consisting of car rental surcharges levied and collected by the Stadium District pursuant to A.R.S. §48-4234. Under the statute, the Stadium District may set the surcharge at $2.50 on each lease or rental of a motor vehicle licensed for hire, for less than one year, and designed to carry fewer than 15 passengers, regardless of whether such vehicle is licensed in the State of Arizona. The Stadium District Board of Directors initially levied a surcharge at a rate of $1.50 beginning in January 1992 and increased the surcharge to $2.50, the maximum amount permitted by statute, in January 1993. The District has pledged a portion of future car rental surcharge revenue to repay the $58,225,000 in revenue refunding bonds, which were issued in June 2002 to prepay and redeem certain obligations and fund debt service reserves. The bonds do not constitute a debt or a pledge of the faith or credit of Maricopa County, the State of Arizona, or any other political subdivision. The payment of the bonds is enforceable solely out of the pledged revenues and no owner shall have any right to compel any exercise 59 Notes to the Financial Statements (Continued) of taxing power of the District, except for surcharges. The bonds maturing after June 1, 2013, are subject to optional redemption in increments of $5,000 at par plus accrued interest. Total principal and interest remaining to be paid on the bonds is $59,623,252, payable through June 2019. Principal and interest paid for the current year and total car rental surcharge revenues were $5,423,594 and $6,671,848, respectively. The Stadium District had the following revenue bonds outstanding at June 30, 2008: DESCRIPTION AMOUNT OF ISSUE 2002 Revenue Refunding Bonds $ 58,225,000 INTEREST RATES MATURITY DATES 4.00 — 5.375% 6-1-09/19 OUTSTANDING AT JUNE 30, 2008 $ 44,270,000 Annual debt service requirements to maturity for Stadium District bonds are as follows: Governmental Activities Year Ending June 30 2009 2010 2011 2012 2013 2014 – 18 2019 TOTAL Principal $ 3,105,000 3,260,000 3,390,000 3,570,000 3,760,000 22,040,000 5,145,000 $ 44,270,000 Interest $ 2,314,344 2,159,094 2,028,694 1,850,719 1,663,294 5,060,563 276,544 $ 15,353,252 Stadium District Loans Payable On July 25, 2006, the Stadium District entered into a cost-sharing agreement with the Arizona Diamondbacks (Team) for capital improvements at Chase Field. Under the terms of the agreement, the Team provided $679,295 of the funding for the enhancement; and the agreement states that the Stadium District will pay the Team back over the next two years, ending December 2008. On January 23, 2007, the Stadium District entered into a cost-sharing agreement with the Team for the renovations at Chase Field. Under the terms of the agreement, the Team provided $537,723 of the funding for the renovations; and the agreement states that the Stadium District will pay the Team back over the next four years, ending December 2010. On September 10, 2007, the Stadium District entered into a cost-sharing agreement with the Team for the purchase of a video board and related equipment. Under the terms of the agreement, the Team provided $8,273,928 of the funding for the purchase; and the agreement states that the Stadium District will pay the Team back over ten years, beginning December 2009 and ending in December 2018. On October 12, 2007, the Stadium District entered into a cost-sharing agreement with the Team for phase II of the suite renovations at Chase Field. Under the terms of the agreement, the Team provided $1,832,928 of the funding for the renovations; and the agreement states that the Stadium District will pay the Team back over ten years, beginning December 2011 and ending in December 2020. Annual debt service requirements to maturity for Stadium District loans payable are as follows: Governmental Activities Year Ending June 30 2009 2010 2011 2012 2013 2014-18 2019-21 Total $ $ 60 Principal 399,577 1,179,241 1,179,241 1,200,000 1,200,000 5,273,928 432,929 10,864,916 Notes to the Financial Statements (Continued) Special Assessment Debt With Governmental Commitment Special assessment bonds are payable from assessments collected from property owners benefited by the respective improvements. The special assessment districts pledged these assessments to repay the par issuance amount of $724,594 in special assessment bonds. The proceeds were used to finance construction projects in these districts. Total principal and interest remaining to be paid on these bonds is $100,223, payable through July 2017. While there is no legal obligation for the County to further secure the special assessment bonds of the districts below, the County has made a moral commitment to take steps necessary to prevent default. Principal and interest paid for the current year and total special assessment charges revenue were $33,323 and $56,579, respectively. Special assessment bonds currently outstanding for governmental activities are as follows: AMOUNT OF ISSUE DESCRIPTION Queen Creek Water Central Avenue Marquerite Drive th 7 Street North Total $ 301,960 301,905 60,670 60,059 $ 724,594 INTEREST RATES MATURITY DATES 4.875% 9.000% 9.000% 8.000% 7-1-08/17 1-1-09 7-1-08/11 1-1-09/14 OUTSTANDING AT JUNE 30, 2008 $ 29,988 17,149 8,565 26,817 $ 82,519 Annual debt service requirements to maturity for special assessment debt with governmental commitment are as follows: Governmental Activities Year Ending June 30 2009 2010 2011 2012 2013 2014 – 18 Total Principal $ $ 31,260 4,746 8,416 11,628 8,416 18,053 82,519 Interest $ 5,312 3,396 3,092 2,349 1,607 1,948 17,704 $ Capital Leases The County has entered into various lease-purchase agreements, which are noncancellable, for the acquisitions of the following equipment: Governmental Activities Computer Systems and Equipment $ Communications Equipment 28,359,093 999,864 Voting Equipment 6,197,732 Total Capital Assets 35,556,689 Accumulated Depreciation (7,001,689) Net Value of Leased Capital Assets $ 28,555,000 These lease-purchase agreements require the County to pay all maintenance costs. At the time of the final principal and interest payments, title to the leased equipment transfers to the County. These leases are contingent on budgetary appropriations each fiscal year. The assets are capitalized at total principal cost. 61 Notes to the Financial Statements (Continued) The following schedule details debt service requirements to maturity for the County’s capital leases payable at June 30, 2008. Governmental Activities Year Ending June 30 2009 $ 20,296,449 2010 18,032,240 2011 12,329,824 2012 1,431,467 2013 337,848 Total minimum lease payments 52,427,828 Amount representing interest (2,334,184) Present value of net minimum lease payments $ 50,093,644 The present value of net minimum lease payments at June 30, 2008, of $50,093,644 exceeds the total capital assets of $28,555,000 because a significant portion of the assets acquired through capital leases are for computer related equipment that is below the County’s capitalization threshold. Funding Source for Governmental Activities Liabilities Governmental Funds Liabilities Funding Source Lease revenue bonds County Improvement Debt Fund Lease trust certificates County Improvement Debt Fund Certificates of participation County Improvement Debt Fund Stadium District revenue bonds Stadium District Debt Service Fund (nonmajor debt service fund) Stadium District loans payable Ballpark Operations Fund (nonmajor special revenue fund) Special assessment debt with governmental commitment Special Assessment Fund (nonmajor debt service fund) Capital leases General Fund, Detention Operations Fund, nonmajor special revenue fund Claims and judgments General Fund, Solid Waste Management Fund (nonmajor special revenue Reported and incurred but not reported claims Risk Management Fund and Employee Benefits Trust Fund Municipal landfill closure and postclosure costs Solid Waste Management Fund (nonmajor special revenue fund) fund) and Risk Management Fund (internal service fund) (internal service funds) Legal Debt Margin County indebtedness pertaining to general obligation bonds may not exceed six percent of the value of the County’s taxable property ascertained by the last assessment. However, with voter approval, the County may become indebted for an amount not to exceed fifteen percent of such taxable property. At June 30, 2008, the allowable six and fifteen percent limits were $2,972,074,430 and $7,430,186,074, respectively. The County had no outstanding general obligation debt at June 30, 2008, and was therefore within the legal debt margin. Conduit Debt Obligations Maricopa County issues revenue bonds on behalf of private sector entities to provide financial assistance for projects deemed to be of public interest. Neither the principal, accrued interest nor premium, if any, shall ever constitute an indebtedness of the County or State of Arizona or any political subdivision, nor shall it be a liability or a charge against the general credit or taxing powers. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. As of June 30, 2008, there were three revenue bond issues outstanding, with an aggregate principal amount payable of $199,495,000. Arbitrage Compliance The County is in compliance with all Federal arbitrage regulations for tax-exempt debt securities. As of June 30, 2008, the County had no arbitrage liability. 62 Notes to the Financial Statements (Continued) NOTE 14 – MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS The County has five landfills which are subject to closure and postclosure care requirements. State and federal laws and regulations require the County to place a final cover on all its landfill sites when they stop accepting waste and to perform certain maintenance and monitoring functions at the sites for 30 years after closure. Although one landfill is exempt from these regulations, the County is performing postclosure monitoring of this site and has included the estimated costs in the closure and postclosure liability. On May 31, 2007, the County’s last remaining landfill ceased accepting waste and the County is in the process of capping the landfill. The closure costs associated with this landfill are included in the landfill closure and postclosure care liability at June 30, 2008. In addition, during fiscal year 2008, the County updated estimates of the amount required to pay for closure, cleanup, remedial actions and monitoring at the County's five landfill sites, in accordance with U.S. generally accepted accounting principles. The County estimated these costs to be approximately $14,322,203. The County’s estimate for closure and postclosure care requirements for the five landfills are subject to change due to inflation, changes in technology, changes in regulations, or results of investigational studies. All associated closure and postclosure costs will be paid from the Solid Waste Management Fund. These amounts are based on what it would cost to perform all closure and postclosure care and remedial investigation costs in fiscal year 2008. According to State and Federal laws and regulations, the County must comply with the local government financial test requirements that assure the County can meet the costs of landfill closure, postclosure, and corrective action when needed. The County is in compliance with these requirements. NOTE 15 – MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT On July 1, 2006, the County entered into a $35,000,000 municipal revolving line of credit with an interest rate of 65% of the bank’s prime rate which has a maturity date of June 30, 2009. Outstanding principal and interest is due on June 30 of each year. During fiscal year 2008, the County had not borrowed against the line of credit. On July 1, 2007, the County entered into a $5,870,994 irrevocable standby letter of credit issued to the Industrial Commission of Arizona for unfunded workers’ compensation claims. The irrevocable standby letter of credit matured on July 1, 2008. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2008, the letter of credit had not been drawn upon. The irrevocable standby letter of credit was renewed to July 1, 2009, for $4,177,256. NOTE 16 – OPERATING LEASES The County’s operating leases are for office equipment, land, and buildings. Rental expenses under the terms of these operating leases for governmental activities were $15,959,597 for the year ended June 30, 2008. These operating leases have remaining lease terms from one to eleven years. Also, they provide renewal options and are contingent on budgetary appropriations each fiscal year. The future minimum rental payments required under these operating leases as of June 30, 2008, are as follows: Governmental Activities $ 9,766,600 8,340,811 6,117,225 2,824,560 1,611,754 5,275,635 240,512 Year Ending June 30 2009 2010 2011 2012 2013 2014-18 2019-20 Total minimum payments required 63 $ 34,177,097 Notes to the Financial Statements (Continued) NOTE 17 – RISK MANAGEMENT Self-Insurance The Risk Management Fund (internal service fund) accounts for the financing of the insured risk of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees and natural disasters. The County carries commercial insurance for general and automobile liability in excess of $5,000,000 per occurrence (limit $30 million), medical malpractice liability in excess of $5,000,000 per occurrence (limit $25 million), and workers’ compensation benefits in excess of $2,000,000 per occurrence (limit $25 million). Settled claims have not exceeded this commercial coverage since the inception of these insurance policies. Liabilities for unpaid claims are estimates determined by an independent actuary using the following actuarial methods: reported loss development, paid loss development, Bornhuetter-Ferguson reported loss and paid loss, frequency times severity, expected loss, incremental paid workers’ compensation, paid allocated loss adjustment expense to paid loss development – automobile liability, and tail liability for medical malpractice. Accrued actuarial liabilities are based on a discounted 55 percent confidence level assuming a 4.00 percent annual rate of return on investments. Accrued actuarial liabilities at June 30, 2008, for each insurable area follow: General liability Automobile liability Malpractice Workers’ compensation Property reserve Auto physical damage Total $ $ 32,356,132 1,528,702 12,875,708 10,643,934 409,359 258,259 58,072,094 Changes in the unpaid claims liability reported in the Risk Management Fund follow: Year 2005-06 2006-07 2007-08 $ Balance July 1 50,490,551 55,916,393 57,730,019 Current-Year Claims And Changes In Estimates $ 17,605,701 16,330,438 13,460,325 Claims Payments $ (12,179,859) (14,516,812) (13,118,250) Balance June 30 $ 55,916,393 57,730,019 58,072,094 The Employee Benefits Trust Fund (internal service fund) accounts for the financing of the insured risk of loss for certain health benefits (pharmacy, medical, dental, short-term disability, and medical incentives) to eligible employees and their dependents. The liability for pharmacy, medical, dental, short-term disability, vision, behavioral health and Health Select claims is based on fiscal year 2008 actuarial reports. Certain portions of the pharmacy liability are based on the unused portion of the member’s pharmacy accounts as administered by another provider. Accrued actuarial liabilities at June 30, 2008, for each insurable area follow: Pharmacy Medical Dental Short-term disability Vision Behavioral health Health Select Total $ $ 64 1,545,000 7,957,000 247,000 357,000 100,000 259,000 81,651 10,546,651 Notes to the Financial Statements (Continued) Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2005-06 2006-07 2007-08 Balance July 1 $ 4,080,935 2,771,985 2,206,068 Current-Year Claims And Changes In Estimates $ 25,846,873 16,022,997 95,933,611 Claims Payments $ (27,155,823) (16,588,914) (87,449,314) Other Payments $ (143,714) Balance June 30 $ 2,771,985 2,206,068 10,546,651 Other Claims The County has exposure to the following claims areas carrying no commercial insurance: Indigent Health Care Litigation - At June 30, 2008, there were approximately two dozen hospitals and health care professionals seeking reimbursement from the County for health care medical services pertaining to indigent health care. This represents approximately 52,785 claims with a full-billed charge of approximately $252 million. This amount is subject to a statutory discount that averages more than 50%. It is not practical to determine the anticipated outcome of the litigation and to estimate the potential losses due to the fact that the Court has not yet provided a ruling to clarify the current statutory provisions that would provide the parties with the ability to adjudicate the claims. In addition, less than ten percent of the claims have actually been reviewed for legitimacy due to the large number of claims filed and the refusal of the hospital plaintiffs to provide requested support for verification of submitted claims. To date, $64 million in claims with individual hospitals were settled for less than $3 million; however, the method of determining the settlement amount can vary between hospitals as each hospital has a different set of requirements for calculating and agreeing on a settlement. The Superior Court of Maricopa County appointed a Special Master to facilitate the dispute process. As of April 2008, the Special Master recommended decisions and the presiding judge accepted the recommendations that resulted in three judgments against Maricopa County in the combined amount of $42,015,532, including interest and statutory penalties. Maricopa County is appealing these decisions to the Arizona Court of Appeals. In the opinion of outside legal counsel, it is impossible to reasonably estimate the amount of the loss because of overlapping defenses and imprecise state statute standards that apply; therefore, no accrual for potential liability can be reasonably determined. NOTE 18 – POLLUTION REMEDIATION OBLIGATIONS Maricopa County has estimated and reported a pollution remediation obligation in the government-wide financial statements for the current or potential detrimental effects of existing pollution. At June 30, 2008, the County reported $5,811,870 in claims and judgments, which is comprised of the following pollution remediation obligations. Asbestos – The National Emission Standards for Hazardous Air Pollutants, 40 CFR §61.145, requires the County to inspect buildings for the existence of asbestos prior to the commencement of any demolition or renovation work. As of June 30, 2008, the County had several facilities under consideration for demolition or renovation. The County has reported an estimated pollution remediation liability of $104,475 for these projects, which is an estimate provided by a professional environmental consultant. The estimate accounts for pre-cleanup activities, including site assessments to identify hazardous exposure to materials and characterizes and quantifies the potential risk posed by the sites. Cave Creek Landfill – The County has entered into a Consent Decree with the Arizona Department of Environmental Quality (ADEQ) to evaluate the Cave Creek Landfill as a source of groundwater contamination. On September 25, 2008, a Remedial Action Plan for the Cave Creek Landfill was submitted to ADEQ for review and approval. As of June 30, 2008, the County has reported a pollution remediation liability of $1,144,745, which is an engineering estimate provided by a professional environmental consultant. The estimate consists of mandated testing costs, completion of the remedial action plan, public meetings, and the recommended remediation at the landfill. 65 Notes to the Financial Statements (Continued) Hassayampa Landfill – On July 22, 1987 the Hassayampa Landfill was added to the Superfund National Priorities List by the United States Environmental Protection Agency (EPA), pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA), 42 U.S.C. §9605(8), due to suspected groundwater contamination. On February 19, 1988, nine of the major potentially responsible parties (PRP) for the site entered into a Consent Order with the EPA to conduct the Remedial Investigation and Feasibility Study. On August 6, 1992 a Record of Decision was signed and detailed the EPA’s selected cleanup remedy, which resulted in the formation of the Hassayampa Steering Committee (HSC). The HSC, an unincorporated association, consists of 11 PRP’s that entered into a Unilateral Administrative Order with the EPA on March 30, 1993 to conduct additional investigation activities and to begin remedial design and action activities on the groundwater treatment system and soil cap. In September 1997, a Preliminary Close-Out Report was completed and the EPA certification of the completion of construction of the remedial action was issued in April 1998. The groundwater extraction and treatment system and soil vapor extraction and treatment system will continue to be run by the PRP’s until the groundwater and soil meet cleanup levels. The HSC hires consultants that recommend site actions, meet with regulators, and develop cost estimates for remediation of the Hassayampa Landfill. The County is responsible for 27.78% of the HSC’s cost remediation. As of June 30, 2008, the County has reported a pollution remediation liability of $2,569,650, based on the cost estimates provided by the consultants. Shooting Ranges – The County operated three shooting ranges which were closed in fiscal years 2005 and 2007. The Resource Conservation and Recovery Act §7003, requires entities to abate conditions that may present an imminent and substantial endangerment to health or the environment, such as expended lead located in and around closed shooting ranges. As of June 30, 2008, the County has reported a pollution remediation liability of $1,168,000, based on the cost estimates provided by a professional environmental consultant. The estimate accounted for asbestos abatement, well water sampling, site characterization, work and quality assurance plan, lead remediation, over-site, and site closure for the three shooting ranges. Stormwater – Under the Clean Water Act, the National Pollutant Discharge Eliminations System Stormwater Program, 40 CFR §122, requires the implementation of controls designed to prevent harmful pollutants from being washed by stormwater runoff into bodies of water. As of June 30, 2008, the County identified two County sites that experienced stormwater runoff concerns. The County has reported an estimated pollution remediation liability of $825,000 for these sites which is an estimate provided by a professional environmental consultant. The estimate accounts for pre-cleanup activities, including an engineering study which recommended a method for collecting and containing stormwater runoff. The County pollution remediation liability is subject to change due to changes in the cost of goods and services, changes in remediation technology, or changes in laws and regulations governing the remediation effort. The County has no estimated recoveries at this time. NOTE 19 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS Plan Descriptions The County contributes to the four plans described below. Benefits are established by state statute and the plans generally provide retirement, long-term disability, and health insurance premium benefits, including death and survivor benefits. The retirement benefits are generally paid at a percentage, based on years of service, of the retirees’ average compensation. Long-term disability benefits vary by circumstance, but generally pay a percentage of the employee’s monthly compensation. Health insurance premium benefits are generally paid as a fixed dollar amount per month towards the retiree’s healthcare insurance premiums, in amounts based on whether the benefit is for the retiree or for the retiree and his or her dependents. 66 Notes to the Financial Statements (Continued) The Arizona State Retirement System (ASRS) administers a cost-sharing, multiple-employer defined benefit pension plan; a cost-sharing, multiple-employer defined benefit health insurance premium plan; and a cost-sharing, multiple-employer defined benefit long-term disability plan that covers employees of the State of Arizona and employees of participating political subdivisions and school districts. The ASRS is governed by the Arizona State Retirement System Board according to the provisions of A.R.S. Title 38, Chapter 5, Article 2. The Public Safety Personnel Retirement System (PSPRS) (Maricopa County Sheriff and Maricopa County Attorney Investigators) administers an agent multiple-employer defined benefit pension plan and an agent multiple-employer defined benefit health insurance premium plan that covers public safety personnel who are regularly assigned hazardous duty as employees of the State of Arizona or participating political subdivisions. The PSPRS, acting as a common investment and administrative agent, is governed by a five member board, known as The Fund Manager, and the participating local boards according to the provisions of A.R.S. Title 38, Chapter 5, Article 4. The Corrections Officer Retirement Plan (CORP) (Maricopa County Corrections Officers and Administrative Office of the Courts Probation Officers (AOC Probation)) administers an agent multipleemployer defined benefit pension plan and an agent multiple-employer defined benefit health insurance premium plan that covers certain employees of the State of Arizona’s Department of Corrections and Department of Juvenile Corrections, and county employees whose primary duties require direct inmate contact. The CORP is governed by The Fund Manager of PSPRS and the participating local boards according to the provisions of A.R.S. Title 38, Chapter 5, Article 6. The Elected Officials Retirement Plan (EORP) administers a cost-sharing, multiple-employer defined benefit pension plan and a cost-sharing, multiple-employer defined benefit health insurance premium plan that covers State of Arizona and county elected officials and judges, and elected officials of participating cities. The EORP is governed by The Fund Manager of PSPRS according to the provisions of A.R.S. Title 38, Chapter 5, Article 3. Because the health insurance premium plan benefit of the EORP is not established as a formal trust, the EORP is reported in accordance with GASB Statement No. 45 as an agent multiple-employer defined benefit plan. Accordingly, the disclosures that follow reflect the EORP as if it were an agent multiple-employer defined benefit plan. Financial Reports Each plan issues a publicly available financial report that includes its financial statements and required supplementary information. A report may be obtained by writing or calling the applicable plan. PSPRS, CORP, EORP 3010 E. Camelback Road, Suite 200 Phoenix, AZ 85016-4416 (602) 255-5575 www.psprs.com ASRS 3300 N. Central Avenue P.O. Box 33910 Phoenix, AZ 85067-3910 (602) 240-2000 or (800) 621-3778 www.azasrs.gov Funding Policy The Arizona State Legislature establishes and may amend active plan members’ and the County’s contribution rates for the ASRS, PSPRS, CORP, and EORP. Cost-Sharing Plans - For the year ended June 30, 2008, active ASRS members were required by statute to contribute at the actuarially determined rate of 9.6 percent (9.1 percent for retirement and 0.5 percent for long-term disability) of the members’ annual covered payroll and the County was required by statute to contribute at the actuarially determined rate of 9.6 percent (8.05 percent for retirement, 1.05 percent for health insurance premium, and 0.5 percent for long-term disability) of the members’ annual covered payroll. 67 Notes to the Financial Statements (Continued) The County’s contributions for the current and 2 preceding years, all of which were equal to the required contributions, were as follows: Year ended June 30 2008 2007 2006 Health Benefit Supplement Fund $ 4,992,957 5,010,107 4,898,060 Retirement Fund $ 38,279,334 36,025,772 25,010,448 Long-Term Disability Fund $ 2,377,738 2,385,117 2,165,454 Agent Plans - For the year ended June 30, 2008, active PSPRS (Maricopa County Sheriff) members were required by statute to contribute 7.65 percent of the members’ annual covered payroll, and the County was required to contribute 18.20 percent, the aggregate of which is the actuarially required amount. The health insurance premium portion of the contribution rate was actuarially set at 1.57 percent of covered payroll. Active PSPRS (Maricopa County Attorney Investigators) members were required by statute to contribute 7.65 percent of the members’ annual covered payroll, and the County was required to contribute 24.88 percent, the aggregate of which is the actuarially required amount. The health insurance premium portion of the contribution rate was actuarially set at 1.81 percent of covered payroll. Active CORP (Maricopa County Corrections Officers) members were required by statute to contribute 7.96 percent of the members’ annual covered payroll, and the County was required to contribute 6.14 percent, the aggregate of which is the actuarially required amount. The health insurance premium portion of the contribution rate was actuarially se at 0.75 percent of covered payroll. Active CORP (AOC Probation) members were required by statute to contribute 8.41 percent of the members’ annual covered payroll, and the County was required to contribute 9.25 percent, the aggregate of which is the actuarially required amount. The health insurance premium portion of the contribution rate was set at 0.24 percent of covered payroll. Active EORP members were required by statute to contribute 7.00 percent of the members’ annual covered payroll; and the County was required to remit a designated portion of certain court fees plus additional contributions at the actuarially determined rate of 12.84 percent of the members’ annual covered payroll. The health insurance premium portion of the contribution rate for normal cost was actuarially set at 1.05 percent of covered payroll. Actuarial methods and assumptions – Except for the contribution requirements for probation officers participating in the CORP (AOC Probation) plan, which were established by state statute, the contribution requirements for the year ended June 30, 2008, were established by the June 30, 2006, actuarial valuations, and those actuarial valuations were based on the following actuarial methods and assumptions. Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of events in the future. Amounts determined regarding the funded status of the plans and the annual required contributions are subject to continual revision as actual results are compared to past expectations and new estimates are made. The required schedule of funding progress presented as required supplementary information provides multiyear trend information that shows whether the actuarial value of the plans’ assets are increasing or decreasing over time relative to the actuarial accrued liability for benefits. Projections of benefits are based on 1) the plans as understood by the County and plans’ members and include the types of benefits in force at the valuation date, and 2) the pattern of sharing benefit costs between the County and plans’ members to that point. Actuarial calculations reflect a long-term perspective and employ methods and assumptions that are designed to reduce short-term volatility in actuarial accrued liabilities and the actuarial value of assets. The significant actuarial methods and assumptions used are the same for all plans and related benefits (unless noted), and the actuarial methods and assumptions used to establish the fiscal year 2008 contribution requirements, are as follows: 68 Notes to the Financial Statements (Continued) Actuarial valuation date Actuarial cost method Amortization method June 30, 2006 Projected unit credit Level percent closed for unfunded accrued liability, open for excess 30 years for unfunded actuarial accrued liability, 20 years for excess Smoothed market value Remaining amortization period Asset valuation method Actuarial assumptions: Investments rate of return Projected salary increases Inflation rate 8.50% 5.50%-8.50% for PSPRS and CORP, 5.00% for EORP 5.00% Annual Pension Cost/OPEB Cost - The County’s pension/OPEB cost for the agent plans for the year ended June 30, 2008, and related information follows. (Sheriff) PSPRS (Investigators) (Corrections) CORP (AOC Probation) EORP Pension: Annual pension/OPEB cost Contributions made $ $ 8,113,925 8,113,925 $ $ 212,452 212,452 $ $ 4,964,182 4,964,182 $ $ 5,412,947 5,412,947 $ $ 4,971,190 4,971,190 Health Insurance: Annual pension/OPEB cost Contributions made $ $ 752,864 752,864 $ $ 16,036 16,036 $ $ 675,289 675,289 $ $ 144,185 144,185 $ $ 180,890 180,890 Trend Information – Annual pension cost information for the current and two preceding years for each of the agent plans follows. Annual OPEB cost information for the current year (i.e., transition year) is as follows. Information about preceding years will be added over the next two years. Data for the CORP (AOC Probation) plan is only provided for the fiscal year ended June 30, 2008, as this plan did not commence until July 1, 2007. Plan Year Ended June 30, 2008 Pension: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) CORP (AOC Probation) EORP Health Insurance: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) CORP (AOC Probation) EORP Contributions Required and Contributions Made Annual Pension/OPEB Percentage of APC Cost (APC) Contributed Net Pension/OPEB Obligation $ 8,113,925 212,452 4,964,182 5,412,947 4,971,190 100.0% 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 0 $ 752,864 16,036 675,289 144,185 180,890 100.0% 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 0 $ 6,635,820 171,511 4,012,929 4,472,388 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 $ 5,147,189 105,581 3,823,853 4,464,054 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 Year Ended June 30, 2007 Pension & Health Insurance: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) EORP Year Ended June 30, 2006 Pension & Health Insurance: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) EORP 69 Notes to the Financial Statements (Continued) Funded Status - The funded status of the plans as of the most recent valuation date, June 30, 2008, along with the actuarial assumptions and methods used in those valuations follow. All participating jurisdictions of the CORP (AOC Probation) plan are grouped under one local board and only one actuarial report is completed for the entire group. As a result, data regarding the actuarial accrued liabilities, actuarial value of assets, and funded status of the plan is not available solely for Maricopa County. Thus, the information provided below for CORP (AOC Probation) represents data for the entire plan group and includes all participating jurisdictions. The EORP, by statute, is a cost-sharing plan. However, because of its statutory construction, in accordance with GASB Statement No. 43, paragraphs 5 and 41, the EORP is reported for such purposes as an agent multiple-employer plan. The Fund Manager obtains an actuarial valuation for the EORP on its statutory basis as a cost-sharing plan and, therefore, actuarial information for the County, as a participating government, is not available. CORP PSPRS Investigators Sheriff Actuarial accrued liability (a) Actuarial value of assets (b) Unfunded actuarial accrued liability (funding excess) (a)–(b) Funded ratio (b)/(a) Covered payroll (c) Unfunded actuarial accrued liability as a % of covered payroll ([(a)–(b)]/(c)) Pension Health Insurance $263,739,385 Corrections Pension Health Insurance $ 7,614,844 $ 7,013,174 $176,283,622 $ 0 $ 87,455,763 $ 7,614,844 AOC Probation Pension Health Insurance Pension Health Insurance $ 166,787 $ 176,087,740 $ 5,997,251 $ 178,915,393 $ 2,136,516 $ 4,457,601 $ 0 $ 144,634,516 $ $ 205,281,974 $ 0 $ 2,555,573 $ 166,787 $ 31,453,224 $ 5,997,251 $ (26,366,581) $ 2,136,516 0 66.8% 0.0% 63.6% 0.0% 82.1% 0.0% 114.7% 0.0% $ 47,953,146 $47,953,146 $ 885,955 $ 885,955 $ 90,038,577 $90,038,577 $ 110,623,732 $110,623,732 182.4% 15.9% 288.5% 18.8% 34.9% 6.7% 0.0% 1.9% The actuarial methods and assumptions used are the same for all plans and related benefits, and for the most recent valuation date, are as follows: Actuarial valuation date Actuarial cost method Amortization method Remaining amortization period Asset valuation method Actuarial assumptions: Investment rate of return Projected salary increases Inflation rate June 30, 2008 Projected unit credit Level percent closed for unfunded actuarial accrued liability, open for excess 28 years for unfunded actuarial accrued liability, 20 years for excess Smoothed market value 8.50% 5.50%-8.50% for PSPRS and CORP, 5.00% for EORP 5.00% NOTE 20 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2008, were as follows: Payable from General Fund Nonmajor Governmental Funds Internal Service Funds Total Due From General Fund $ $ 9,125,352 719,868 9,845,220 Payable to General Fund County County Improvement Improvements Debt Fund Fund $ 5,785,964 $ 1,400,000 4,183,962 $ 5,785,964 $ 5,583,962 Nonmajor Governmental Funds $ 37,152 $ Total Due To 7,185,964 13,346,466 719,868 $ 21,252,298 $ 37,152 All interfund receivables and payables represent cash deficits that were the result of timing differences from grant revenues received in the subsequent year and cash transfers that had not occurred at June 30, 2008. 70 Notes to the Financial Statements (Continued) Interfund transfers – interfund transfers for the year ended June 30, 2008, were as follows: Transfers In General Fund Transfers Out General Fund $ Detention Operations Fund $ 165,933,494 County Improvement Debt Fund $ 9,054,836 General Fund County Improvements Fund $ 42,181,135 $ Total Transfers Out 36,960 $ 217,206,425 32,112,796 32,112,796 3,524,014 3,524,014 4,183,962 121,638,184 46,365,097 $ 157,311,954 126,998,411 3,000,000 $ 389,617,546 Detention Operations Fund County Improvement Debt Fund General Fund County Improvements Fund Nonmajor Governmental Funds 6,775,900 Nonmajor Governmental Funds Internal Service Funds $ Total Transfers In 28,190 3,000,000 3,028,190 6,775,900 1,148,075 $ 165,933,494 $ 16,978,811 $ Transfers of capital assets: Internal Service Funds transfer of capital assets from governmental activities Internal Service Funds transfer of capital assets to governmental activities $ 354,029 683,363 390,654,938 In the fund financial statements, total transfers in of $389,617,546 are less than transfers out of $390,654,938 because of transfers of capital assets between the proprietary and governmental funds. During the year, existing capital assets with book values of $683,363 were transferred from the internal service funds to governmental activities, and existing capital assets with book values of $354,029 were transferred from governmental activities capital assets to internal service funds. The internal service funds reported transfers in or out for the net carrying value of the assets; however, there were no offsetting transfers in reported as these capital assets were transferred to or from governmental activities in the government-wide financial statements. All interfund transfers are budgeted and are used to move revenues from the fund that collects them to the fund that expends them. The interfund receivables, payables, and transfers by fund are as follows: Due From Other Funds Funds MAJOR FUNDS General Fund $ 9,845,220 Due To Other Funds $ 7,185,964 Special Revenue Funds Detention Operations Transfers In $ 3,028,190 Transfers Out $ 217,206,425 165,933,494 32,112,796 Debt Service Funds County Improvement Debt 5,785,964 16,978,811 3,524,014 Capital Projects Funds General Fund County Improvements 5,583,962 46,365,097 6,775,900 NONMAJOR FUNDS Special Revenue Funds Air Quality Grants Animal Control Field Operations Animal Control License/Shelter Ballpark Operations Cactus League Operations CDBG Housing Trust Clerk of the Court EDMS Clerk of the Court Grants Correctional Health Grants Emergency Management Environmental Services Environmental Health Events Center Flood Control Human Services Grants Lake Pleasant Recreation Services Parks Donation Parks Enhancement 424,179 107,230 1,040,845 23,254 37,152 1,439,279 236,909 114,480 138,706 16,409 78,341 5,719 24,050 58,357,554 5,801,826 49,120 71 452,275 836,104 864,366 Notes to the Financial Statements (Continued) Due From Other Funds Funds Due To Other Funds Parks Souvenir Planning and Development Fees Public Health Fees Public Health Sheriff Grants Solid Waste Management Transportation Operations Transportation Grants Transfers In Transfers Out 49,120 28,260 30,420 1,603,516 545,973 17,225 59,603,147 159,294 Debt Service Fund Stadium District Debt Service 1,439,279 Capital Projects Funds County Improvement Detention Capital Projects Flood Control Capital Projects Intergovernmental Capital Projects Long Term Project Reserve Transportation Capital Projects 4,183,962 37,152 Internal Service Funds Employee Benefits Trust Sheriff Warehouse Telecommunications Total 3,524,014 32,112,796 58,357,554 2,152,745 23,254 59,594,512 4,183,962 14,247 3,000,000 339,782 683,363 719,868 $ 21,252,298 $ 21,252,298 $ Transfer of capital assets to/from Governmental activities: Telecommunications Employee Benefits Trust 389,971,575 $ 390,300,909 $ 339,782 14,247 390,654,938 683,363 $ 390,654,938 NOTE 21 – SUBSEQUENT EVENTS On July 1, 2008, the County contributed cash of $4,612,000 to refund Lease Trust Certificates which mature July 1, 2008 through July 1, 2010, at par plus accrued interest. On September 2, 2008, Maricopa County no longer had conduit debt obligations. The County had issued revenue bonds on behalf of an Arizona nonprofit corporation who provided health care services. Subsequently, the nonprofit corporation was acquired by another Arizona nonprofit corporation and taxexempt organization. As a result of the acquisition, substantially all of the assets were transferred to the purchasing corporation and all outstanding debt obligations of the acquired corporation were paid in full. 72 Financial Section Required Supplementary Information Required Supplementary Information Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund For the Fiscal Year Ended June 30, 2008 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Licenses and permits Intergovernmental 439,835,021 $ 439,835,021 $ 439,935,636 $ 100,615 2,156,000 2,156,063 1,668,162 (487,901) 653,120,074 653,470,572 614,211,710 (39,258,862) Charges for services 43,715,008 45,222,688 44,747,571 (475,117) Fines and forfeits 16,433,137 14,883,415 16,433,137 14,883,498 16,901,592 32,662,940 468,455 17,779,442 1,170,142,655 1,172,000,979 1,150,127,611 (21,873,368) General government 405,607,072 383,431,891 175,829,627 207,602,264 Public safety 443,129,993 451,063,536 445,647,434 5,416,102 Health, welfare and sanitation 255,441,834 255,478,647 239,742,424 15,736,223 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Education Capital outlay Total expenditures Excess of revenues over expenditures 1,750,129 1,741,691 1,760,539 (18,848) 2,461,627 19,369,208 2,449,728 21,719,295 2,272,724 15,801,747 177,004 5,917,548 1,127,759,863 1,115,884,788 881,054,495 234,830,293 42,382,792 56,116,191 269,073,116 212,956,925 6,838,417 (213,836,003) 9,866,607 (217,189,228) 9,866,607 (217,206,425) (17,197) (206,997,586) (207,322,621) (207,339,818) (17,197) (164,614,794) (151,206,430) 61,733,298 212,939,728 164,614,794 164,614,794 471,467,578 389,964 533,590,840 306,852,784 389,964 520,182,476 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance – beginning of period Increase in reserve for inventory of supplies Fund balance – ending of period $ $ 13,408,364 The notes to the budgetary comparison schedules are an integral part of this schedule. 75 $ $ Maricopa County Required Supplementary Information Budgetary Comparison Schedule by Department General Fund For the Fiscal Year Ended June 30, 2008 Variance With Budgeted Amounts Final Original GENERAL GOVERNMENT County Assessor Board of Supervisors County Call Center County Managers Office Elections Enterprise Technology Facilities Management Finance Internal Audit Management & Budget Materials Management Recorder Research and Reporting Treasurer Workforce Management and Development General Government Total General Government PUBLIC SAFETY Adult Probation Clerk of Superior Court Constables Correctional Health County Attorney Emergency Management Justice System Planning Juvenile Probation Legal Defender Medical Examiner Office Contract Counsel Office of Legal Advocate Public Defender Public Fiduciary Sheriff Trial Courts Total Public Safety $ $ $ $ 25,446,423 2,799,057 1,759,134 2,342,668 12,157,522 10,052,098 14,078,935 4,048,897 1,949,548 3,137,792 2,071,136 2,638,611 378,755 5,111,957 1,228,147 336,118,013 425,318,693 $ 65,774,128 34,177,630 2,424,814 3,570,368 70,629,513 268,636 846,536 21,235,324 9,495,990 8,040,279 17,930,726 8,402,717 39,878,668 2,762,148 71,067,426 86,217,528 442,722,431 $ $ Actual Amounts 25,477,383 2,728,876 1,763,208 2,300,030 13,495,604 10,592,666 14,177,995 4,091,497 1,994,398 3,087,661 2,123,861 2,626,351 494,441 5,172,199 1,247,994 313,719,345 405,093,509 $ 66,151,242 34,052,040 2,434,957 3,736,942 72,397,991 268,636 846,536 21,525,397 9,343,511 8,066,889 23,182,350 8,183,421 40,506,784 2,813,379 71,595,786 85,950,203 451,056,064 $ $ $ 360,115 7,059,208 2,702,378 12,876,147 232,523,448 255,521,296 $ $ Final Budget Positive (Negative) 24,292,820 2,473,507 1,701,404 2,132,338 13,303,814 10,550,567 13,811,481 3,936,343 1,845,055 2,665,653 2,039,817 2,326,093 373,004 5,021,146 1,227,390 103,969,134 191,669,566 $ 65,669,537 32,973,930 2,304,326 3,731,736 71,972,603 268,217 663,109 21,466,027 9,333,511 7,762,948 23,162,350 8,174,953 40,466,784 2,705,443 69,492,832 85,437,185 445,585,491 $ $ $ 360,115 4,388,510 2,702,378 11,133,929 221,181,243 239,766,175 $ 1,742,218 11,342,205 15,755,121 $ $ $ $ 1,184,563 255,369 61,804 167,692 191,790 42,099 366,514 155,154 149,343 422,008 84,044 300,258 121,437 151,053 20,604 209,750,211 213,423,943 481,705 1,078,110 130,631 5,206 425,388 419 183,427 59,370 10,000 303,941 20,000 8,468 40,000 107,936 2,102,954 513,018 5,470,573 HEALTH, WELFARE AND SANITATION Animal Control Services Environmental Services Human Services Public Health General Government Total Health, Welfare and Sanitation $ 361,432 7,063,645 2,702,378 12,833,580 232,523,448 255,484,483 CULTURE AND RECREATION Parks and Recreation $ 1,772,629 $ 1,764,191 $ 1,760,539 $ 3,652 EDUCATION Superintendent of Schools $ 2,461,627 $ 2,449,728 $ 2,272,724 $ 177,004 $ 1,115,884,788 $ 881,054,495 $ 234,830,293 Total General Fund Expenditures $ $ 1,127,759,863 The notes to the budgetary comparison schedules are an integral part of this schedule. 76 2,670,698 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Detention Operations Fund For the Fiscal Year Ended June 30, 2008 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 149,823,673 $ Intergovernmental Charges for services Miscellaneous Total revenues 149,823,673 $ 138,063,948 $ (11,759,725) 1,946,762 2,926,154 979,392 26,601,747 3,000,000 26,601,747 3,000,000 33,046,800 9,943,523 6,445,053 6,943,523 179,425,420 181,372,182 183,980,425 2,608,243 362,762,307 17,632,217 364,741,593 16,633,381 299,734,816 10,440,577 65,006,777 6,192,804 380,394,524 381,374,974 310,175,393 71,199,581 (200,969,104) (200,002,792) (126,194,968) 73,807,824 165,933,494 (32,112,796) 165,933,494 (32,112,796) 165,933,494 (32,112,796) 133,820,698 133,820,698 133,820,698 (67,148,406) (66,182,094) 7,625,730 73,807,824 70,551,542 70,551,542 148,118,101 (88,946) 155,654,885 77,566,559 (88,946) 151,285,437 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Decrease in reserve for inventory of supplies Fund balance– ending $ 3,403,136 $ 4,369,448 The notes to the budgetary comparison schedules are an integral part of this statement. 77 $ $ Maricopa County Required Supplementary Information Note to Budgetary Comparison Schedules June 30, 2008 NOTE 1 – BUDGETARY BASIS OF ACCOUNTING Budgeting and Budgetary Control Arizona Revised Statutes (A.R.S.) requires the County to prepare and adopt a balanced budget annually for each governmental fund. The Board of Supervisors must approve such operating budgets on or before the third Monday in July to allow sufficient time for the legal announcements and hearings required for the adoption of the property tax levy on the third Monday in August. A.R.S. prohibit expenditures or liabilities in excess of the amounts budgeted. Essentially, the County prepares its budget on the same modified accrual basis of accounting used to record actual revenues and expenditures. The County has adopted budgets in accordance with the A.R.S. requirements for the General, Special Revenue, Debt Service, and Capital Projects Funds, with the exception of the following funds: Accommodation Schools, Street Lighting District, Special Assessment, and the Special Improvement Districts funds. In accordance with GASB Statement No. 34, budgetary comparison schedules should be presented in the required supplementary information for only the General Fund and for each major Special Revenue Fund. Formal budget integration is not employed for the Proprietary Funds because effective budgetary control is alternatively achieved through capability of cost recovery. Budgeted amounts are reported as originally adopted and as amended by authorization from the Board of Supervisors. All budget adjustments with the exception of the Judicial Branch, which includes Adult Probation, Justice Courts, Juvenile Probation and Superior Court, require authorization from the Board of Supervisors. The Judicial Branch appropriations can be moved between the Judicial Branch departments by fund, as requested and approved by the Presiding Judge, without further Board approval. Budgeted appropriations include expenditures and transfers out. Expenditures and transfers out may not legally exceed appropriations at the department level. With the exception of the General Fund, each fund includes only one department. The County budget is prepared on a basis consistent with generally accepted accounting principles, except for recording the present value of net minimum capital lease payments as an other financing sources in the General Fund. In addition, General Fund indirect costs recovery was a budgeted activity, but this activity was eliminated on the Statement of Revenues, Expenditures, and Changes in Fund Balances. The following schedule reconciles the excess of revenues over expenditures from the Statement of Revenues, Expenditures, and Changes in Fund Balances to the budgetary comparison schedules. General Fund Excess of revenues over expenditures from the Statement of Revenues, Expenditures, and Changes in Fund Balances Net indirect cost adjustment – revenue /expenditures Present value of net minimum capital lease payments Excess of revenues over expenditures from the budgetary comparison schedule 78 $ 245,957,589 (6,838,417) 29,953,944 $ 269,073,116 Maricopa County Required Supplementary Information Schedule of Agent Retirement Plans’ Funding Progress June 30, 2008 Public Safety Personnel Retirement System Actuarial Valuation Date Sheriff Pension 6/30/2008 Health Insurance 6/30/2008 Pension and Health Insurance 6/30/2007 6/30/2006 Investigators Pension 6/30/2008 Health Insurance 6/30/2008 Pension and Health Insurance 6/30/2007 6/30/2006 (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll $ 176,283,622 $ 263,739,385 $ (87,455,763) 66.8% 0 7,614,844 (7,614,844) 168,446,242 176,574,022 261,206,181 234,335,788 4,457,601 $ (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) 47,953,146 (182.4%) 0.0% 47,953,146 (15.9%) (92,759,939) (57,761,766) 64.5% 75.4% 43,990,310 36,482,164 (210.9%) (158.3%) 7,013,174 (2,555,573) 63.6% 885,955 (288.5%) 0 166,787 (166,787) 0.0% 885,955 (18.8%) 4,319,200 4,712,273 7,083,978 6,686,500 (2,764,778) (1,974,227) 61.0% 70.5% 697,382 735,348 (396.5%) (268.5%) Corrections Officer Retirement Plan Actuarial Valuation Date Correction Officers Pension 6/30/2008 Health Insurance 6/30/2008 Pension and Health Insurance 6/30/2007 6/30/2006 AOC Probation Officers Pension 6/30/2008 Health Insurance 6/30/2008 (1) (2) (3) (4) (5) Actuarial Value of Plan Assets Actuarial Accrued Liability Funding (Liability) Excess (1)-(2) Funded Ratio (1)/(2) Annual Covered Payroll $ (31,453,224) 82.1% $ 144,634,516 $ 176,087,740 $ (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) 90,038,577 (34.9%) 0 5,997,251 (5,997,251) 0.0% 90,038,577 (6.7%) 132,318,505 126,514,529 165,763,785 143,415,991 (33,445,280) (16,901,462) 79.8% 88.2% 85,695,836 76,431,091 (39.0%) (22.1%) 205,281,974 178,915,393 26,366,581 114.7% 110,623,732 0.0% 0 2,136,516 (2,136,516) 0.0% 110,623,732 (1.9%) 79 Maricopa County Required Supplementary Information Note to Schedule of Agent Retirement Plans’ Funding Progress June 30, 2008 NOTE 1 – ACTUARIAL INFORMATION AVAILABLE For valuation years prior to 2008, which was prior to the implementation of GASB Statement Nos. 43 and 45, the actuarial measurements were made in the aggregate as to pension and health insurance benefits. In future years when GASB Statement Nos. 43 and 45 measurements are made and reported, the pension and health insurance benefits information will be disaggregated and reported separately. For the CORP (AOC Probation) plan, all participating jurisdictions are grouped under one local board and only one actuarial report is completed for the entire group. As a result, the information provided for CORP (AOC Probation) represents data for the entire plan group as data regarding the actuarial accrued liabilities, actuarial value of assets, and funded status of the plan is not available solely for Maricopa County. In addition, as this plan did not commence until July 1, 2007, data is only provided for the fiscal year ended June 30, 2008. The EORP, by statute, is a cost-sharing plan. However, because of its statutory construction, in accordance with GASB Statement No. 43, paragraphs 5 and 41, the EORP is reported for such purposes as an agent multiple-employer plan. The Fund Manager obtains an actuarial valuation for the EORP on its statutory basis as a cost-sharing plan and, therefore, actuarial information for the County, as a participating government, is not available. 80 Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets For the Fiscal Year Ended June 30, 2008 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (71-100) Roadway System FY 2007 82% FY 2008 84% FY 2006 83% FY 2005 85% FY 2004 90% Percentage of Lane Miles in Substandard Condition < 55 FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 2% 2% 3% 3% 3% Roadway System Comparison of Estimated to Actual Maintenance/Preservation FY 2007 FY 2008 FY 2006 Estimated $ 7,443,000 $ 11,313,748 $ 7,503,436 Actual $ 7,432,147 $ 11,996,193 $ 7,562,303 FY 2005 $ $ 6,810,821 5,026,451 FY 2004 $ $ 6,257,799 4,082,026 The condition of road pavement is measured using the Maricopa County Department of Transportation (MCDOT) Road Management System (RMS), which is based on weighted averages of nine distress factors of the pavement surface. The RMS used a measurement scale to evaluate the Pavement Condition Rating (PCR) ranging from zero for a failed pavement to 100 for a pavement in perfect condition. The PCR index is used to classify roads in very good or excellent condition (71-100), good condition (55-70), and substandard condition (less than 55). It is the County’s policy to maintain at least 75% of the roadways at a very good or excellent condition level. No more than 5% should be in a substandard condition. Pavement condition assessments are determined annually for all arterial roads and approximately one-half of the local roads are inspected annually. Condition Rating of Maricopa County Bridge System Percentage of Bridges with a Sufficiency Rating >= 70 Bridge System FY 2008 99% FY 2007 98% FY 2006 98% FY 2005 99% FY 2004 99% Percentage of Bridges with a Sufficiency Rating < 50 Bridge System FY 2008 0% FY 2007 0% FY 2006 0% FY 2005 0% FY 2004 0% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2008 $ 200,000 $ 2,970 FY 2007 $ 230,000 $ 15,965 $ $ FY 2006 241,724 86,822 $ $ FY 2005 251,571 999,505 $ $ FY 2004 230,000 21,076 The condition of the County’s bridges is determined using the MCDOT bridge inspection program that follows federal mandates and regulations. The bridge sufficiency rating, which is a weighted average of an assessment of the ability of individual components to meet necessary performance requirements, uses a numerical condition scale ranging from 0 to 100. It is the County’s policy that 90% of bridges will have a rating of >=70 and no more than 3% of bridges will have a rating of <50. All bridges are inspected every two years (approximately one-half of the bridges are inspected annually). . 81 82 Financial Section Nonmajor Governmental Funds Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Maricopa County Listing of Nonmajor Governmental Funds Special Revenue Funds Accommodation Schools — (Fund 509) Accounts for the maintenance and operations of the accommodation schools. Adult Probation Fees — (Fund 201) Collects the fees assessed to persons placed on probation in the Superior Court per A.R.S. §13-901. Monies collected are used to supplement County General Fund appropriations for the compensation costs of probation officers who provide pre-sentence investigations (A.R.S. §12-267). Adult Probation Grants — (Fund 211) Revenues consist of grant funds that are used for domestic violence, women’s treatment programs, gang prevention and criminal justice records improvement. Air Quality Fees — (Fund 504) Air Quality works to protect the environment and public health through control, preservation, and improvement of the County’s air quality. Permit revenue is the funding source. Air Quality Grants — (Fund 503) Air Quality Grants was set up to account for all grant activity administered by the Air Quality Department. Animal Control Field Operations — (Fund 574) Accounts for the Animal Control field services that are an optional County service from Animal Control pound activities, which are required by Arizona State Statute. Animal Control Grants — (Fund 573) Animal Control Grants was set up to account for all grant activity administered by Animal Control. Animal Control License/Shelter — (Fund 572) Animal Control reduces the incidences of animal inflicted injuries and reduces the risk of exposure to rabies through enforcement of dog licensing laws, leash laws, capture and impoundment of stray dogs, public education, adoption or humane disposal of excess animals. Licenses and fees are the primary funding source. Ballpark Operations — (Fund 253) Accounts for all revenues and expenditures related to Chase Field. Cactus League Operations — (Fund 250) Provides regional leadership and financial resources to assure the presence of Major League baseball in Maricopa County. Operations are funded by a rental vehicle surcharge. CDBG Housing Trust — (Fund 217) Accounts for the grant funds that are utilized to expand the supply of low income housing through the rehabilitation and reconstruction of single family occupancy homes. Check Enforcement Program — (Fund 266) Accounts for fees that are collected pursuant to A.R.S. §13-1809 and §13-1810, any investigation and prosecution costs and any monies that are obtained as a result of a forfeiture and that are recovered for the county through enforcement of A.R.S. section §13-1802, §13-1807, §13-2002 or §13-2310, whether by final judgment, settlement or otherwise. The monies in the fund shall be used for the investigation, prosecution and deferred prosecution of theft, forgery and fraud. Child Support Enhancement — (Fund 270) Accounts for funds received from a federal incentive award that is utilized for the enhancement of child support collections through efficient operation of the IV-D program. Children’s Issues Education — (Fund 281) Accounts for the funds that are utilized for educational programs regarding the impact that divorce, the restructuring of families and judicial involvement have on children pursuant to A.R.S. §25-354. Revenues that are received from the Clerk’s educational program fees supplement any state or county appropriations. Clerk of Court Fill the Gap — (Fund 218) This fund was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by the counties for the processing of criminal cases in the Superior Court, including the Office of the Clerk of the Superior Court, and Justice Courts. Clerk of the Court EDMS — (Fund 274) The Clerk of Court EDMS Fund was established to account for Electronic Document Management System (EDMS) Fees, which are collected as authorized by Board Agenda C16020028, ADM1005 and State Attorney General’s Opinion 195-18 (R94-63). 85 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Clerk of the Court Grants — (Fund 216) Accounts for the grant funds that are utilized for the improvement of court automation systems, child support enforcement and the processing of criminal history dispositions. Conciliation Court Fees — (Fund 257) Accounts for monies collected under A.R.S. §25-311 related to the dissolution of marriages. The funds collected are used by the Domestic Violence Shelter fund and the Child Abuse Prevention and Treatment fund. Correctional Health Grants — (Fund 292) The Arizona Department of Health Services was awarded a grant by the Department for Health and Human Services, Centers for Disease Control and Prevention, to generate surveillance data for the Center for Disease Control and supplement the syphilis screening activities at the Madison Street Jail. County Attorney Fill the Gap — (Fund 221) County Attorney Fill the Gap was set up as indicated by A.R.S. §412421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by the counties for the processing of criminal cases by county attorneys. County Attorney Grants — (Fund 219) Accounts for funds that are utilized for the investigation and prosecution of child abuse and domestic violence cases and the enhancement of anti-gang enforcement efforts to deter, investigate, prosecute or adjudicate gang offenders. Victim assistance is provided to include transportation, payment of emergency expenses, education programs and training to children’s advocates. County Attorney RICO — (Fund 213) Accounts for the funds provided by the sale of confiscated property pursuant to A.R.S. §13-2314.03. Operated by the County Attorney, RICO consists of all the activity of the Anti-Racketeering Program. County School Indirect Cost — (Fund 795) Established to collect Title VI-B monies received from the Arizona Department of Education. Court Document Retrieval — (Fund 205) Accounts for the collection of an additional filing or appearance fee, not to exceed five dollars, to be used to defray the cost of converting the Clerk of Superior Court’s document storage and retrieval system to micrographics or computer automation as established by A.R.S. §12-284.03. Criminal Justice Enhancement — (Fund 267) Accounts for monies that are allocated to the county attorneys from the Arizona State Criminal Justice Enhancement fund (A.R.S. §41-2401). The funds are to be used for the purpose of enhancing prosecutorial efforts. Del Webb Special Revenue — (Fund 235) Accounts for the revenue received from the Del Webb Anthem community that is restricted to expenditure for development services and recreational services supporting the community. Diversion — (Fund 220) Pursuant to A.R.S. §13-811, funds are utilized for the investigation, prosecution and deferred prosecution of bad check cases. Domestic Relations Mediation Education — (Fund 282) Accounts for the funds that are utilized to establish, maintain and enhance programs designed to educate individuals regarding the impacts on children associated with marriage dissolution, legal separation, restructuring of families and the programs available for mediation of visitation or custody disputes, pursuant to A.R.S. §25-413. Operations are funded by revenues from a surcharge received by the Clerk for each filing of a post-adjudication petition in a domestic relation’s case, pursuant to A.R.S. §12-284. Elections Grants — (Fund 248) Elections Grants was set up to account for all grant activity administered by the Elections Department. Emergency Management — (Fund 215) Emergency Management activity consists of disaster planning and training. Environmental Services Environmental Health — (Fund 506) Environmental Services – Environmental Health Fund was established to account for activities related to the protection of food and water supplies consumed by residents. Funding is provided by fees collected from Health Inspections and the sale of Health Permits. Environmental Services Grants — (Fund 505) Environmental Services Grants was set up to account for all grant activity administered by the County Environmental Services Department. 86 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Events Center — (Fund 375) Accounts for Maricopa County Events Center revenues and expenditures associated with staging entertainment events. Expedited Child Support — (Fund 271) Accounts for the funds that are utilized to establish, maintain and enhance programs designed to expedite the processing of petitions filed and enforce the resultant court orders. Revenues collected for subsequent case filing fees for post-decree petitions in dissolution cases, pursuant to A.R.S. §25-412 and A.R.S. §12-284, fund operations. Flood Control — (Fund 991) Provides flood control facilities and regulates floodplains and drainage to prevent flooding of property and endangering the lives of people in Maricopa County. Operations are funded by a secondary tax levy. General Government Grants — (Fund 249) General Government Grants was set up to account for all non-department specific grant activity. Human Services Grants — (Fund 222) Accounts for the grant funds that are utilized for community action services designed to help the disadvantaged achieve self-sufficiency and family stability. Inmate Health Services — (Fund 254) Accounts for the co-payments received from inmates for self initiated health service pursuant to A.R.S. §31-161 and A.R.S. §31-162. Inmate Services — (Fund 252) Accounts for the funds that are held in trust for the benefit and welfare of the inmates, established under A.R.S. §31-121. The majority of revenues are derived from sales of food and sundries to inmates. Judicial Enhancement — (Fund 208) Revenues consist of fees and surcharges collected under authority of A.R.S. §12-284.03 and time payment fees collected under authority of A.R.S. §12-116. In addition, revenues are received from the State Judicial Enhancement Fund established by A.R.S. §12-113. Expenditures are used to improve, maintain and enhance the collection and management of funds and court automation projects. Justice Court Judicial Enhancement — (Fund 204) Revenues consist of fees and surcharges collected under the authority of A.R.S. §22-281; and time payment fees collected under authority of A.R.S. §12-116; and on-line access subscription fees collected under authority of A.R.S. §22-284. Expenditures are used to improve, maintain and enhance the ability to collect and manage monies assessed or received by the courts and to improve court automation projects. Justice Court Special Revenue — (Fund 245) Established for the purpose of defraying expenses of justice court services by providing improvements in court technology, operations and facilities to enable the courts to respond quickly to changing statutory and case processing needs. Operations are funded by an $18 user’s charge to be added to the Defensive Driving School Diversion Fee as of March 1, 1998. Juvenile Probation Diversion — (Fund 275) The Juvenile Probation Diversion fund was established by A.R.S. §11537 and consists of diversion fees that are collected pursuant to A.R.S. §8-321(N). The monies shall be used at the discretion of the county attorney for administering county community based alternative programs that are established pursuant to A.R.S. §8-321. Juvenile Probation Grants — (Fund 227) Accounts for the grant funds that are utilized for the child nutrition program, family counseling and safe schools program. Juvenile Probation Special Fees — (Fund 228) This fund was established by A.R.S. §12-268 to account for juvenile probation fees collected and used for the purpose of supplementing County General Fund appropriations for the compensation of personnel of the Juvenile Court. Juvenile Restitution — (Fund 229) Pursuant to A.R.S. §8-346, the fund was established for the payment of restitution in juvenile delinquency proceedings. This fund consists of state and local appropriations, gifts, devices and donations from any public or private source. Lake Pleasant Recreation Services — (Fund 240) Provides the public with positive leisure opportunities in a safe, accessible and efficient manner through quality development and programming while conserving and protecting unique and environmentally sensitive areas. 87 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Law Library Fees — (Fund 261) Established by A.R.S. §12-305 to account for a portion of the fees collected by the Clerk of Superior Court to be used for the purchase of books for the county law library. Legal Defender Fill the Gap — (Fund 263) Legal Defender Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by counties for the processing of criminal cases by the county public defender, legal defender and contract indigent defense counsel in each county. Library District — (Fund 244) Provides and maintains library services for the residents of Maricopa County. Operations are funded by a secondary tax levy. Library District Grants — (Fund 242) Library District Grants was set up to account for all grant activity administered by the County Library District. Medical Examiner Grants — (Fund 224) Medical Examiner Grants was set up to account for all grant activity administered by the department of the Medical Examiner. Palo Verde — (Fund 207) Palo Verde receives an annual allocation of approximately $200,000 from the State of Arizona. Expenditures are utilized for nuclear disaster training. Parks and Recreation Grants — (Fund 230) Accounts for the grant funds that are utilized for state lake improvements, park restoration and the construction and maintenance of hiking trails. Parks Donations — (Fund 243) Accounts for donations and contributions activities provided for by citizens or groups. Parks Enhancement — (Fund 241) Accounts for park and recreation revenues and expenditures associated with enhancing parks and recreation programs pursuant to A.R.S. §11-941. Parks Souvenir — (Fund 239) Accounts for sales proceeds of sundry items at the Maricopa County Parks. Parks Spur Cross Ranch Conservation — (Fund 225) Accounts for the money collected from a Town imposed ½% transaction privilege tax for the operation of the County park. The Town was to commence collection of the tax by December 1, 2000. Planning and Development Fees — (Fund 226) Performs mandated community planning functions. provided mainly through license and impact fees. Funding is Probate Fees — (Fund 256) Administers the monies received by the Clerk of the Superior Court pursuant to A.R.S. §14-5314 and A.R.S. §14-5414 to preserve, audit, and safeguard the estates and wards for whom the court has a fiduciary responsibility. Public Defender Fill the Gap — (Fund 262) Public Defender Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by counties for the processing of criminal cases by the county public defender, legal defender and contract indigent defense counsel in each county. Public Defender Grants — (Fund 233) Accounts for grant funds that are utilized for public defender training and to increase the processing of drug cases. Public Defender Training — (Fund 209) Established by A.R.S. §12-117 to account for fees that are paid on a time payment basis as established by A.R.S. §12-116. Expenditures are utilized for Public Defender Training. Public Health — (Fund 532) Protects, improves and preserves the physical, mental and social well being and the environment of the entire population of Maricopa County with a special responsibility to serve those most vulnerable. Federal and State grants fund operations. Public Health Fees — (Fund 265) Accounts for public health programs that are self-supported by Vital Health fees and pharmacy operations. 88 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Recorder’s Surcharge — (Fund 236) Accounts for the collection of a special recording surcharge, not to exceed four dollars, to be used to defray the cost of converting the County Recorder’s document storage and retrieval system to micrographics or computer automation as established by A.R.S. §11-475.01. School Communication Expense — (Fund 782) Used as a clearing account for T1 telecommunication lines, which are purchased by school headquarters and are shared by all school districts. Individual districts reimburse headquarters for the cost of the T1 lines. School Grants — (Fund 715) Accounts for the special education services provided to small schools as established by A.R.S. §15-365. School Transportation — (Fund 780) Established by A.R.S. §15-1001 to account for transportation aid for the transportation of children from unorganized territory to school districts within the County. Sheriff Donations — (Fund 203) Accounts for and segregates funds to be used in support of mandated functions. Funding is provided by non-specific donations and proceeds from the sale of donated items. Sheriff Grants — (Fund 251) Accounts for grant and intergovernmental funds that support and enhance Sheriff Office activities. Sheriff Jail Enhancement — (Fund 214) Accounts for and segregates enhancements to County jail facilities and operations pursuant to A.R.S. §41-2401. Sheriff RICO — (Fund 212) Accounts for the funds provided by the sale of confiscated property. Operated by the Sheriff’s Office, RICO consists of all the activity of the Anti-Racketeering Program. Solid Waste Management — (Fund 580) Accounts for the waste disposal and landfill closure and postclosure care services. Spousal Maintenance Enforcement Enhancement — (Fund 276) The Spousal Maintenance Enforcement Enhancement Fund is established for the Clerk of the Superior Court consisting of monies received pursuant to A.R.S. §12-289. The Clerk will spend monies in the fund to enhance enforcement of spousal maintenance orders. In addition to the fees required by section A.R.S. §12-284, the clerk shall charge and collect a surcharge of five dollars for each filing of a petition or an answer for annulment, dissolution or marriage or legal separation. The clerk will use the surcharge only for the purposes prescribed by this statute. Street Lighting District — (Fund 992) Provides street lighting in unincorporated areas of Maricopa County. Operations are funded by special assessment. Superior Court Fill the Gap — (Fund 264) Superior Court Fill the Gap was set up as indicated by A.R.S. §41-2421F and accounts for monies distributed under A.R.S. §41-2421. Funds are to be used to supplement, not supplant, funding at the level provided in fiscal year 1998 by the counties for the processing of criminal cases in the superior court, including the office of the clerk of the superior court, and justice courts. Taxpayer Information — (Fund 741) This fund was established by A.R.S. §11-495 to collect public records copying surcharge. The funds are to be spent to upgrade an automated taxpayer information system. Transportation Grants — (Fund 223) Transportation Grants was set up to account for all grant activity administered by the County Transportation Department. Transportation Operations — (Fund 232) Plans and implements an environmentally balanced multi-model transportation system. Operations are funded through highway user taxes. Trial Court Grants — (Fund 238) Grant funds are used for drug enforcement accounting, court appointed special advocates and case processing assistance. Trial Court Special Revenue — (Fund 259) Accounts for monies received under an intergovernmental agreement with the Department of Economic Security to conduct Title IV-D child support enforcement enhancements. 89 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Victim Compensation Interest — (Fund 269) Established as authorized by A.R.S. §11-538 consisting of monies that are distributed pursuant to A.R.S. §12-286 (seventy-five per-cent of the interest earned on restitution monies that are received in trust). The County Attorney shall use monies in the fund to assist eligible victims of crime with medical, counseling and funeral expenses and lost wages. Victim Compensation Restitution — (Fund 268) Established to administer funding provided from the State Victim Compensation and Assistance fund (A.R.S. §41-2407) and from prisoner supervision fees under A.R.S. §31-418. Fund is used for establishing, maintaining and supporting programs that compensate and assist victims of crime. Victim Location — (Fund 273) Revenues are derived from interest earned on restitution monies received in trust and are to be distributed to the County Attorney and Clerk of the Superior Court on a pro rata basis (County Attorney – 75% and Superior Court – 25%). Fund was established by A.R.S. §12-287. Waste Management — (Fund 210) Established by the Board of Supervisors to segregate this activity from the General Fund. This fund accounts for a fixed $65,000 fee from Waste Management Corporation plus a percentage based on the tonnages of refuse dumped. Expenditures are used for economic development in Mobile and other unincorporated areas of the County. Waste Tire — (Fund 290) Accounts for the operations activity of the waste tire processing center for the removal of waste tires from the County pursuant to A.R.S. §44-1305. Debt Service Funds Special Assessment — (Fund 994) To account for debt service on special assessment bonds. Funding is provided by special assessments made against the benefiting property owners. Stadium District Debt Service — (Fund 370) To account for debt service on Stadium District revenue bonds. Capital Projects Funds County Improvement — (Fund 435) Accounts for capital projects funded through the issuance of the Lease Revenue Bonds, Series 2001. Detention Capital Projects — (Fund 455) Accounts for Construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998. Funding is provided by transfers from the Detention Operations Fund for construction of the adult and juvenile detention facilities. Flood Control Capital Projects — (Fund 990) Set up administratively as a capital project fund to track capital projects activity of the Flood Control District. Funding is provided by a reimbursement transfer from the Flood Control District which derives its funding from an annual Property Tax Levy. Intergovernmental Capital Projects — (Fund 422) Accounts for capital project spending predominantly funded from General Fund revenues. Long Term Project Reserve — (Fund 450) Accounts for sales tax (Stadium Tax) proceeds collected in excess of the $238,000,000 cap imposed by County Board Resolution. Special Improvement Districts — (Fund 993) Accounts for capital projects financed by the issuance of special assessment bonds. Transportation Capital Projects — (Fund 234) Established administratively as a capital project fund to track capital project activity of the County Transportation Department. Funding is provided by a reimbursement transfer from the Transportation Fund that derives its funding from the State Highways User’s Tax. 90 91 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2008 SPECIAL REVENUE FUNDS Animal Accommodation Schools Adult Adult Air Air Control Probation Fees Probation Grants Quality Fees Quality Grants Field Operations ASSETS Cash in bank and on hand $ $ $ $ 50 $ $ Cash and investments held by County Treasurer 95,900 4,697,394 Receivables 60,183 22,973 8,881,321 816,653 54,330 5,899 Due from other funds Due from other governmental units 188,003 Inventories 689,417 14,945 Miscellaneous 777,465 Cash and investments held by trustee restricted Total assets $ 888,310 $ 4,720,367 $ 248,186 $ 8,935,701 $ 689,417 $ 822,552 $ 284,149 $ 78,586 $ 213,913 $ 559,962 $ 235,514 $ 11,410 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation payable 1,073 10,117 38,081 4,138 7,534 Accrued liabilities Due to other funds 424,179 Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 259,926 78,248 458,624 Deposits held for other parties Total liabilities 544,075 79,659 302,278 598,043 1,122,455 18,944 Fund balances: Reserved for inventories 14,945 Reserved for debt service 329,290 4,640,708 (54,092) 8,337,658 (433,038) 803,608 Total fund balances 344,235 4,640,708 (54,092) 8,337,658 (433,038) 803,608 Total liabilities and fund balances $ 888,310 Unreserved $ 4,720,367 92 $ 248,186 $ 8,935,701 $ 689,417 $ 822,552 SPECIAL REVENUE FUNDS Animal Animal Control Grants Control License/Shelter $ $ 2,680 Ballpark Operations $ 82,591 Cactus CDBG Check Child League Operations Housing Trust Enforcement Program Support Enhancement $ $ 649,787 3,657,917 5,043,379 3,133,164 3,612 26,240 30,476 18,793 100 $ 450 $ 196,277 353,363 37,152 563,872 11,440 637,489 $ 653,399 $ $ 126,500 $ 821 3,698,277 $ 5,831,087 $ 95,203 $ 89,205 $ 14,851 3,151,957 $ 563,972 $ 196,727 $ $ 323,182 $ 1,652 $ 948 1,651 353,363 873 82 236,909 2,230 127,321 110,136 90,153 563,972 2,525 11,440 $ 526,078 3,576,701 5,740,934 3,151,957 194,202 353,363 526,078 3,588,141 5,740,934 3,151,957 194,202 353,363 653,399 $ 3,698,277 $ 5,831,087 $ 3,151,957 $ 563,972 $ 196,727 $ 353,363 (continued on next page) 93 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2008 SPECIAL REVENUE FUNDS Children’s Clerk of Clerk of Clerk of Conciliation Issues Education Court Fill the Gap the Court EDMS the Court Grants Court Fees ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 281,593 595,722 Receivables 1,182,747 886,978 5,724 4,846 Due from other funds Due from other governmental units 78,648 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 281,593 $ 595,722 $ 1,188,471 $ $ 108,642 $ 82,993 $ 78,648 $ 891,824 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation payable 240 6,017 $ 5,836 721 114,480 138,706 5,888 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 864 Deposits held for other parties Total liabilities 240 114,659 203,309 140,291 5,888 281,353 481,063 985,162 (61,643) 885,936 281,353 481,063 985,162 (61,643) 885,936 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 281,593 $ 595,722 94 $ 1,188,471 $ 78,648 $ 891,824 SPECIAL REVENUE FUNDS Correctional County County County County Court Criminal Health Grants Attorney Fill the Gap Attorney Grants Attorney RICO School Indirect Cost Document Retrieval Justice Enhancement $ $ $ $ 2,115,018 1,264,503 1,307,040 1,254,442 7,903 7,410 160,680 16,409 $ $ 1,882,457 $ 190,072 2,151,738 13,118 362,837 92,210 $ 16,409 $ $ 1,272,406 $ $ 1,769,497 $ $ 17,598 $ 5,136 3,530,140 $ 1,882,457 $ $ 190,072 $ $ 63,341 $ 16,422 2,164,856 2,226 5,385 65,567 5,385 666,679 16,409 1,843,682 752,320 16,409 $ 16,409 $ 5,136 1,877,702 1,418,999 1,267,270 (108,205) 2,111,141 1,882,457 124,505 2,159,471 1,267,270 (108,205) 2,111,141 1,882,457 124,505 2,159,471 1,272,406 $ 1,769,497 $ 3,530,140 $ 1,882,457 $ 190,072 $ 2,164,856 (continued on next page) 95 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2008 SPECIAL REVENUE FUNDS Domestic Del Webb Relations Special Revenue Mediation Education Diversion Elections Grants Emergency Management ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer Receivables 497,161 1,344,045 3,025 8,072 268,452 78,658 Due from other funds Due from other governmental units 245,825 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 500,186 $ 1,352,117 $ $ 179,059 $ 268,452 $ 78,658 $ 245,825 $ 10,622 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation payable 693 $ 647 2,172 Accrued liabilities Due to other funds 78,341 Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 78,658 350,661 78,658 441,796 Deposits held for other parties Total liabilities 693 179,059 647 499,493 1,173,058 267,805 (195,971) 499,493 1,173,058 267,805 (195,971) Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 500,186 $ 1,352,117 96 $ 268,452 $ 78,658 $ 245,825 SPECIAL REVENUE FUNDS Environmental $ Services Environmental Environmental Health Services Grants 1,100 $ 6,626,974 Expedited Events Center $ 51,459 Child Support $ 3,119,033 Flood Control $ 479,140 50 Human Services Grants $ 17,668,168 40,175 General Government Grants $ 51,000 550 20,977 2,723,111 715,602 7,886,622 531,829 2,247 $ 6,668,249 $ 51,459 $ $ 78,728 $ 36,112 $ 45,225 3,119,033 $ 479,140 $ 1,626 $ 21,641,007 $ 51,000 $ 7,908,149 $ 3,371,079 $ 51,000 $ 1,663,874 911 164 41,108 3,060,793 51,352 17,990 5,719 5,801,826 13,721 129,836 2,058,208 51,459 3,060,793 911 4,382,359 5,488,385 51,000 11,899,411 531,829 $ 6,538,413 58,240 478,229 15,620,793 (3,991,262) 6,538,413 58,240 478,229 16,152,622 (3,991,262) 6,668,249 $ 51,459 $ 3,119,033 $ 479,140 $ 21,641,007 $ 51,000 $ 7,908,149 (continued on next page) 97 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2008 SPECIAL REVENUE FUNDS Justice Inmate Health Services Inmate Services Judicial Enhancement Justice Court Court Judicial Enhancement Special Revenue ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer Receivables 557,665 27,004,919 1,219,391 2,836,125 5,211,966 3,347 156,667 6,734 16,695 29,510 6,655 573,719 Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 567,667 $ 27,735,305 $ 1,226,125 $ 2,852,820 $ 5,241,476 $ 361,170 $ 97,318 $ 7,023 $ 56,914 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation payable 10,827 3,003 820 7,276 371,997 100,321 7,843 64,190 567,667 27,363,308 1,125,804 2,844,977 5,177,286 567,667 27,363,308 1,125,804 2,844,977 5,177,286 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue Deposits held for other parties Total liabilities Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 567,667 $ 27,735,305 98 $ 1,226,125 $ 2,852,820 $ 5,241,476 SPECIAL REVENUE FUNDS Juvenile Lake Juvenile Juvenile Probation Pleasant Law Legal Probation Diversion Probation Grants Special Fees Recreation Services Library Fees Defender Fill the Gap $ $ $ Juvenile Restitution $ 798,163 617,325 2,120,907 4,652 4,853 12,597 $ 91,517 280 $ $ 1,598,703 724,372 10,798 3,852 17,441 637,824 $ 802,815 $ $ $ 740 1,260,002 $ 70,280 $ 2,133,504 $ 91,517 $ 1,609,781 $ 728,224 $ $ 1,726 $ 17,955 $ 37,033 $ 14,935 17,441 2,539 78 1,435,360 $ 740 1,520,653 802,075 (260,651) 802,075 (260,651) 802,815 $ 1,260,002 $ 1,726 20,494 37,033 2,133,504 89,791 1,589,287 691,191 17,441 2,133,504 89,791 1,589,287 691,191 17,441 2,133,504 $ 91,517 $ 1,609,781 $ 728,224 $ 17,441 (continued on next page) 99 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2008 SPECIAL REVENUE FUNDS Parks Library Library District and District Grants Palo Verde Recreation Grants Parks Donations ASSETS Cash in bank and on hand $ 5,145 $ $ $ $ Cash and investments held by County Treasurer 18,434,534 Receivables 3,035 368,314 109,564 802,207 778,077 4,747 Due from other funds Due from other governmental units 590,628 23,779 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 19,808,384 $ $ 2,889,227 $ 3,035 $ 368,314 $ 133,343 $ 806,954 $ 84,227 $ 568 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation payable $ 36,058 357 Accrued liabilities Due to other funds Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 626,050 3,035 3,551,335 3,035 72,897 Deposits held for other parties Total liabilities 357 157,124 568 16,257,049 367,957 (23,781) 806,386 16,257,049 367,957 (23,781) 806.386 Fund balances: Reserved for inventories Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 19,808,384 $ 3,035 100 $ 368,314 $ 133,343 $ 806,954 SPECIAL REVENUE FUNDS Parks Parks Enhancement $ 200 Parks Souvenir $ 2,505,146 $ 34,515 Planning Spur Cross and Ranch Conservation Development Fees 80 $ 499,863 500 Probate Fees $ 12,096,363 15,328 Public Public Defender Fill the Gap Defender Grants $ 389,359 $ 712,121 74,334 3,285 4,512 1,280 $ 2,520,674 $ 34,515 $ $ 28,658 $ 9,514 $ 9,486 499,943 $ 12,171,197 $ 98 $ 185,058 $ 411 39,784 389,359 $ 716,633 $ 4,565 $ 4,024 $ 2,858 1,043 3,924 1,280 651,747 $ 1,707 38,144 9,514 509 876,589 1,043 7,948 5,845 2,482,530 25,001 499,434 11,294,608 388,316 708,685 (1,280) 2,482,530 25,001 499,434 11,294,608 388,316 708,685 (1,280) 2,520,674 $ 34,515 $ 499,943 $ 12,171,197 $ 389,359 $ 716,633 $ 4,565 (continued on next page) 101 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2008 SPECIAL REVENUE FUNDS Public Public Defender Training Public Health Health Fees School Recorder’s Surcharge Communication Expense School Grants ASSETS Cash in bank and on hand $ $ $ 1,700 $ $ $ Cash and investments held by County Treasurer 177,870 Receivables 5,285,781 5,641,053 32,218 32,718 57,174 647,539 Due from other funds Due from other governmental units 7,188,381 104,298 Inventories 2,695,962 102,986 Miscellaneous Cash and investments held by trustee restricted Total assets $ 177,870 $ 9,884,343 $ 5,422,685 $ 5,673,771 $ 57,174 $ 751,837 $ 1,747 $ 2,398,895 $ $ $ 2,693 $ 142,221 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation payable 58,147 Accrued liabilities 57,975 8,338 296,678 8,387 1,172 186 Due to other funds 1,603,516 Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 4,822,182 700,746 Deposits held for other parties Total liabilities 1,747 8,882,926 66,313 2,695,962 102,986 305,065 2,693 844,139 Fund balances: Reserved for inventories Reserved for debt service 176,123 (1,694,545) 5,253,386 5,368,706 54,481 (92,302) Total fund balances 176,123 1,001,417 5,356,372 5,368,706 54,481 (92,302) Total liabilities and fund balances $ 177,870 $ 9,884,343 $ 5,422,685 $ 5,673,771 Unreserved 102 $ 57,174 $ 751,837 SPECIAL REVENUE FUNDS Spousal Sheriff School Transportation $ Sheriff Donations $ 782,614 Sheriff Grants $ Jail Enhancement $ 1,467,807 Sheriff RICO $ 122,220 Solid Maintenance Street Waste Management Enforcement Enhancement Lighting District $ 845 875 $ 13,541,681 $ 143,181 3,524,293 78,922 1,475,281 $ 782,614 $ 122,220 $ 316,866 $ 2,048 $ 1,475,281 $ 1,467,807 $ 845 $ $ 2,110 $ 1,585 803,647 8,690 $ 13,621,478 $ $ $ 58,113 2,497 143,181 $ 3,524,293 $ 394,227 317 1,324 545,973 36,500 888,787 $ 316,866 2,048 2,248,421 2,110 1,585 97,110 317 394,227 465,748 120,172 (773,140) 1,465,697 (740) 13,524,368 142,864 3,130,066 465,748 120,172 (773,140) 1,465,697 (740) 13,524,368 142,864 3,130,066 122,220 $ 1,475,281 845 $ 13,621,478 782,614 $ $ 1,467,807 $ $ 143,181 $ 3,524,293 (continued on next page) 103 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2008 SPECIAL REVENUE FUNDS Superior Trial Court Fill the Gap Taxpayer Information Transportation Grants Transportation Operations Court Grants ASSETS Cash in bank and on hand $ $ $ $ 550 $ Cash and investments held by County Treasurer 198,675 599,858 263 6,962,550 Receivables 61,961 398,990 Due from other funds Due from other governmental units 322,528 17,210,830 Inventories 49,831 1,289,820 Miscellaneous Cash and investments held by trustee restricted Total assets $ 198,675 $ 599,858 $ 322,791 $ 25,862,740 $ 111,792 $ 163,497 $ 4,626,310 $ 90,148 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation payable $ 5,627 Accrued liabilities Due to other funds 111,431 4,817 7,087,652 76 159,294 Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 27,721 Deposits held for other parties 5,627 Total liabilities 322,791 11,825,393 122,762 Fund balances: Reserved for inventories 1,289,820 Reserved for debt service Unreserved Total fund balances Total liabilities and fund balances $ 193,048 599,858 12,747,527 (10,970) 193,048 599,858 14,037,347 (10,970) 198,675 $ 599,858 104 $ 322,791 $ 25,862,740 $ 111,792 SPECIAL REVENUE FUNDS Trial Court Victim Victim Special Revenue Compensation Interest Compensation Restitution $ $ $ Victim Location $ 2,884,691 648,124 660,608 16,556 3,752 3,966 Waste Management $ 149,866 Waste Tire $ 515,374 Total 250 $ 3,679,976 5,635,015 195,785,733 34,441 4,864,653 1,134,362 39,486,257 37,152 4,646,982 2,087,538 2,247 $ 2,901,247 $ $ 41,478 $ 651,876 $ 664,574 $ $ 149,866 $ $ 515,374 $ $ 6,804,068 $ 785,369 14,010 933 $ 250,590,538 $ 21,721,582 628,541 10,835,024 9,125,352 16,000 16,000 36,500 18,757,413 752,320 71,488 786,302 61,872,732 4,646,982 $ 2,829,759 651,876 664,574 149,866 515,374 6,017,766 184,070,824 2,829,759 651,876 664,574 149,866 515,374 6,017,766 188,717,806 6,804,068 $ 250,590,538 2,901,247 $ 651,876 $ 664,574 $ 149,866 $ 515,374 $ (continued on next page) 105 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2008 CAPITAL PROJECTS FUNDS DEBT SERVICE FUNDS Stadium District Special Assessment Detention Debt Service County Improvement Total Capital Projects ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer Receivables 163,796 2,582 166,378 3,095,202 65,199 153,583 218,782 59,902 917,861 917,861 9,437,444 9,437,444 83,755,388 Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 228,995 $ 10,511,470 $ 10,740,465 37,432,933 $ 40,588,037 $ 83,755,388 $ 1,816,837 $ 5,918 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ $ $ Employee compensation payable Accrued liabilities Due to other funds Due to other governmental units Interest payable 3,068 3,068 14,741 14,741 64,224 64,224 82,033 82,033 Special assessment debt with governmental commitment Advances from other funds Deferred revenue Deposits held for other parties Total liabilities 1,816,837 5,918 38,771,200 83,749,470 38,771,200 83,749,470 Fund balances: Reserved for inventories Reserved for debt service 146,962 10,511,470 10,658,432 146,962 10,511,470 10,658,432 Unreserved Total fund balances Total liabilities and fund balances $ 228,995 $ 10,511,470 106 $ 10,740,465 $ 40,588,037 $ 83,755,388 CAPITAL PROJECTS FUNDS Flood Inter- Long Control governmental Term Special Transportation Capital Projects Capital Projects Project Reserve Improvement Districts Capital Projects $ $ 30,611,625 Total $ $ 7,556,024 127 43,783 7,916 $ 475,256 Nonmajor Governmental Funds Total $ 59,218,419 $ 3,679,976 184,712,041 380,664,152 111,601 5,195,036 1,907,359 42,311,477 111,454 916,454 3,003,992 7,651,675 45,084,608 54,524,299 $ 232,732,063 $ 494,063,066 $ $ 37,152 1,907,359 4,646,982 805,000 $ 31,416,625 $ 7,599,807 $ 7,771,172 $ 475,256 $ 61,125,778 $ 7,459,508 $ 246,581 $ 111,454 $ 14,919 $ 8,848,479 6,443 450 4,183,962 37,152 18,503,696 40,225,278 6,443 634,984 450 10,835,474 4,221,114 13,346,466 16,000 3,068 14,741 36,500 18,821,637 752,320 7,465,951 4,430,543 148,606 15,369 8,848,479 22,731,703 84,686,468 4,646,982 $ 23,950,674 3,169,264 7,622,566 459,887 52,277,299 210,000,360 10,658,432 394,071,184 23,950,674 3,169,264 7,622,566 459,887 52,277,299 210,000,360 409,376,598 61,125,778 $ 232,732,063 $ 494,063,066 31,416,625 $ 7,599,807 $ 7,771,172 $ 475,256 107 $ Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Fiscal Year Ended June 30, 2008 SPECIAL REVENUE FUNDS Adult Probation Fees Accommodation Schools Adult Probation Grants Air Quality Fees Animal Control Field Operations Air Quality Grants REVENUES Taxes $ $ $ $ Licenses and permits $ $ 8,298,469 Intergovernmental 10,033,927 19,175 3,389,619 Charges for services 9,744,066 Fines and forfeits 2,200,099 796,441 4,078,311 141,270 3,207,214 4,872,236 5,852 Special assessment Miscellaneous Total revenues 238,344 233,631 10,272,271 12,177,796 4,186,060 556,608 12,616,778 4,183,798 43,490 13,868,583 4,078,311 3,275,731 14,614,235 3,685,283 3,017,444 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education 10,815,191 Debt service: Principal Interest Other expenditures Capital outlay Total expenditures 19,897 136,172 1,583,960 64,262 332,174 10,835,088 12,752,950 4,183,798 16,198,195 3,749,545 3,349,618 (562,817) (575,154) 2,262 (2,329,612) 328,766 (73,887) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (107,230) Loan proceeds (107,230) Total other financing sources (uses) Net change in fund balances (562,817) (575,154) 2,262 (2,329,612) 328,766 (181,117) 910,497 5,215,862 (56,354) 10,667,270 (761,804) 984,725 (54,092) $ 8,337,658 Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for (3,445) inventories Fund balances (deficit) at end of year $ 344,235 $ 4,640,708 108 $ $ (433,038) $ 803,608 SPECIAL REVENUE FUNDS Animal Control License/ Shelter Animal Control Grants $ $ Cactus League Operations Ballpark Operations $ $ CDBG Housing Trust $ Check Enforcement Program $ Child Support Enhancement $ 6,479,551 4,968 7,795,716 75,714 2,332,856 94,726 384,882 981,370 151,900 4,574,852 149,369 1,062,052 8,964,307 4,574,852 149,369 7,795,716 8,793 15,954 393,675 110,680 447,807 1,055,692 6,557,428 7,601,702 1,133,609 74,000 1,350,879 3,613 3,153 1,055,692 6,561,041 1,136,762 1,350,879 7,601,702 447,807 74,000 6,360 2,403,266 3,438,090 (1,201,510) 194,014 (54,132) 36,680 (1,040,845) (23,254) (1,040,845) (23,254) 1,439,279 6,360 1,362,421 3,414,836 237,769 194,014 (54,132) 36,680 519,718 2,241,619 2,326,098 2,914,188 (194,014) 248,334 316,683 1,439,279 (15,899) $ 526,078 $ 3,588,141 $ 5,740,934 $ 3,151,957 $ $ 194,202 $ 353,363 (continued on next page) 109 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2008 SPECIAL REVENUE FUNDS Children’s Issues Education Clerk of Court Fill the Gap Clerk of the Court EDMS Clerk of the Court Grants Conciliation Court Fees REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 1,442,563 Charges for services 107,074 1,973,535 3,027,923 1,665,171 Fines and forfeits Special assessment Miscellaneous Total revenues 11,173 15,010 44,314 118,247 1,988,545 3,072,237 1,442,563 1,701,309 36,138 78,509 2,167,646 2,799,896 1,504,206 1,585,755 78,509 2,167,646 3,032,129 1,504,206 1,585,755 39,738 (179,101) 40,108 (61,643) 115,554 39,738 (179,101) 40,108 (61,643) 115,554 241,615 660,164 945,054 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 232,233 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Loan proceeds Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year, as restated 770,382 Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 281,353 $ 481,063 110 $ 985,162 $ (61,643) $ 885,936 SPECIAL REVENUE FUNDS Correctional Health Grants $ County Attorney Fill the Gap $ County Attorney Grants $ County Attorney RICO County School Indirect Cost $ $ Court Document Retrieval $ Criminal Justice Enhancement $ Del Webb Special Revenue $ 5,425 361,604 669,028 6,615,147 1,791,765 941,488 566,904 1,166,011 1,843,457 361,604 86,124 47,394 1,696,640 6,662,541 1,843,457 71,236 480 96,696 26,107 638,140 1,166,491 1,888,461 31,532 1,528,848 6,723,332 2,316,248 1,097,863 1,535,473 107,994 1,528,848 6,761,646 2,316,248 1,097,863 1,535,473 108,018 167,792 (99,105) (472,791) 638,140 68,628 352,988 (76,486) 167,792 (99,105) (472,791) 638,140 68,628 352,988 (76,486) 1,099,478 (9,100) 2,583,932 1,244,317 55,877 1,806,483 575,979 79,988 38,314 281,616 361,604 $ $ 1,267,270 $ (108,205) 24 $ 2,111,141 $ 1,882,457 $ 124,505 $ 2,159,471 $ 499,493 (continued on next page) 111 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2008 SPECIAL REVENUE FUNDS Domestic Relations Mediation Education Diversion Elections Grants Environmental Services Environmental Health Emergency Management REVENUES Taxes $ $ $ $ $ Licenses and permits 14,130,161 Intergovernmental 749 Charges for services 296,140 197,114 Fines and forfeits 269,711 1,950,648 997,583 267,786 Special assessment Miscellaneous Total revenues 55,173 10,724 3,511 250 1,935,571 1,052,756 207,838 4,260 566,101 18,284,166 EXPENDITURES Current: General government 4,260 Public safety 722,417 695,718 Highways and streets Health, welfare and sanitation 182,245 16,572,459 Culture and recreation Education Debt service: Principal Interest Other expenditures 169 2,915 695,887 16,575,374 25,593 (129,786) 1,708,792 330,339 25,593 (129,786) 1,708,792 842,719 242,212 (66,185) 4,829,621 Capital outlay Total expenditures 722,417 182,245 330,339 4,260 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Loan proceeds Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 1,173,058 $ 267,805 112 $ $ (195,971) $ 6,538,413 SPECIAL REVENUE FUNDS Environmental Services Grants $ Expedited Child Support Events Center $ $ General Government Grants Flood Control $ 68,973,117 $ Human Services Grants $ Inmate Health Services $ 2,759,309 1,320,292 16,067,279 448,932 508,000 39,193,918 12,000 14,587 81,175 17,075 7,954,927 1,334,879 81,175 466,007 95,766,632 87,348 508,000 5,927 26,963 39,199,845 114,311 508,000 32,271,079 1,154,191 340,846 39,008,383 52,982 724,547 180,688 1,334,879 52,982 340,846 32,995,626 28,193 125,161 62,771,006 (24,050) (58,357,554) (24,050) (58,357,554) 921,896 508,000 39,930,279 (730,434) 114,311 4,143 125,161 4,413,452 (730,434) 114,311 54,097 353,068 11,588,134 (3,260,828) 453,356 151,036 $ $ 58,240 $ 478,229 $ 16,152,622 $ $ (3,991,262) $ 567,667 (continued on next page) 113 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2008 SPECIAL REVENUE FUNDS Inmate Services Justice Court Judicial Enhancement Judicial Enhancement Justice Court Special Revenue Juvenile Probation Diversion REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental Charges for services 1,205,240 3,912,578 Fines and forfeits 320,435 712,300 Special assessment Miscellaneous Total revenues 16,116,285 59,291 136,924 225,407 36,240 16,116,285 1,264,531 849,224 4,137,985 356,675 10,875,600 1,376,837 629,948 2,969,207 297,599 10,940,450 1,376,837 638,141 2,969,207 297,599 5,175,835 (112,306) 211,083 1,168,778 59,076 5,175,835 (112,306) 211,083 1,168,778 59,076 22,187,473 1,238,110 2,633,894 4,008,508 742,999 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 64,850 Capital outlay Total expenditures 8,193 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Loan proceeds Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 27,363,308 $ 1,125,804 114 $ 2,844,977 $ 5,177,286 $ 802,075 SPECIAL REVENUE FUNDS Juvenile Probation Special Fees Juvenile Probation Grants $ $ Lake Pleasant Recreation Services Juvenile Restitution $ $ Law Library Fees $ Legal Defender Fill the Gap $ Library District $ 5,342,573 19,132,380 224,836 620,868 1,489,775 941,891 2,093,567 92 2,381 59,000 3,657,206 668,993 17,910 102,065 22,768 279,447 48,569 1,890 1,077,467 5,360,483 2,816,500 22,768 1,769,314 992,841 60,890 24,760,882 6,116,342 2,850,683 17,967 854,563 58,999 1,600,531 20,783,377 308,987 132,790 6,116,342 2,850,683 17,967 1,909,518 854,563 58,999 20,916,167 (755,859) (34,183) 4,801 (140,204) 138,278 1,891 3,844,715 (452,275) (452,275) $ (755,859) (34,183) 4,801 (592,479) 138,278 1,891 3,844,715 495,208 2,167,687 84,990 2,181,766 552,913 15,550 12,412,334 (260,651) $ 2,133,504 $ 89,791 $ 1,589,287 $ 691,191 $ 17,441 $ 16,257,049 (continued on next page) 115 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2008 SPECIAL REVENUE FUNDS Library District Grants Medical Examiner Grants Parks and Recreation Grants Palo Verde Parks Donations REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 66,969 101,971 333,615 116,958 11,839 2,280 117,645 66,969 101,971 345,454 119,238 117,645 15,352 221,767 115,171 16,440 Charges for services Fines and forfeits Special assessment Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation 66,969 Education Debt service: Principal Interest Other expenditures 33 Capital outlay 66,969 Total expenditures 15,352 221,800 115,171 16,440 86,619 123,654 4,067 101,205 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (836,104) Loan proceeds (836,104) Total other financing sources (uses) Net change in fund balances 86,619 123,654 4,067 (734,899) (86,619) 244,303 (27,848) 1,541,285 Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ $ $ 116 367,957 $ (23,781) $ 806,386 SPECIAL REVENUE FUNDS Parks Enhancement $ Parks Spur Cross Ranch Conversation Parks Souvenir $ $ Planning and Development Fees $ Public Defender Fill the Gap Probate Fees $ $ Public Defender Grants $ 5,259,311 379,208 2,196,739 403,174 5,478,927 3,000 1,556,387 23,700 1,094,517 136,213 22,918 719,232 13,952 35,976 3,294,256 136,213 426,092 11,481,170 411,760 1,592,363 379,208 15,808,162 321,559 1,398,581 380,488 2,773,405 87,170 445,009 2,773,405 87,170 445,009 15,808,162 321,559 1,398,581 380,488 520,851 49,043 (18,917) (4,326,992) 90,201 193,782 (1,280) (1,280) 49,120 $ 397,808 28,260 (864,366) (49,120) (815,246) (49,120) (294,395) (77) (18,917) (4,298,732) 90,201 193,782 2,776,925 25,078 518,351 15,593,340 298,115 514,903 2,482,530 $ 25,001 28,260 $ 499,434 $ 11,294,608 $ 388,316 $ 708,685 $ (1,280) (continued on next page) 117 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2008 SPECIAL REVENUE FUNDS Public Defender Training Public Health Fees Public Health Recorder’s Surcharge School Communication Expense REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 444,696 37,437,609 Charges for services 103,315 336,128 3,911,924 4,608,676 Fines and forfeits Special assessment Miscellaneous Total revenues 19,834 482 261,816 259,450 464,530 37,774,219 4,173,740 4,868,126 103,315 EXPENDITURES Current: General government 5,768,771 Public safety 446,910 Highways and streets Health, welfare and sanitation 35,256,704 3,706,751 Culture and recreation Education 81,066 Debt service: Principal Interest Other expenditures 601,507 144,613 519,965 446,910 35,858,211 3,851,364 6,288,736 81,066 17,620 1,916,008 322,376 (1,420,610) 22,249 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 30,420 Transfers out Loan proceeds 30,420 Total other financing sources (uses) Net change in fund balances 17,620 1,916,008 352,796 (1,420,610) 22,249 158,503 (1,376,569) 4,967,002 6,789,316 32,232 461,978 36,574 Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 176,123 $ 1,001,417 118 $ 5,356,372 $ 5,368,706 $ 54,481 SPECIAL REVENUE FUNDS School Grants $ School Transportation $ Sheriff Donations $ Sheriff Grants $ 56,062 Sheriff Jail Enhancement $ 5,751,090 Sheriff RICO $ Solid Waste Management $ 1,365,644 Spousal Maintenance Enforcement Enhancement $ 57,470 76,962 116,160 920,040 40,441 805,762 82,061 6,000 96,503 805,762 82,061 5,757,090 1,365,644 920,040 16,574 5,279,933 742,458 736,448 1,246,294 5,183 1,380,726 121,343 86,679 1,319,873 1,011,022 497,471 994,271 19,236 167,068 92,715 1,011,022 497,471 16,574 6,274,204 761,694 903,516 1,412,588 86,679 (914,519) 308,291 65,487 (517,114) 603,950 16,524 (31,862) 34,664 (17,225) (17,225) $ (914,519) 308,291 65,487 (517,114) 603,950 16,524 (49,087) 34,664 822,217 157,457 54,685 (256,026) 861,747 (17,264) 13,573,455 108,200 (92,302) $ 465,748 $ 120,172 $ (773,140) $ 1,465,697 $ (740) $ 13,524,368 $ 142,864 (continued on next page) 119 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2008 SPECIAL REVENUE FUNDS Street Lighting District Superior Court Fill the Gap Taxpayer Information Transportation Grants Transportation Operations REVENUES Taxes $ $ $ $ $ Licenses and permits 1,814,496 Intergovernmental 749,332 Charges for services 1,510,334 112,303,379 265,537 212,570 Fines and forfeits Special assessment Miscellaneous Total revenues 5,284,808 144,770 3,438 5,429,578 1,513,772 4,722,071 1,734,513 4,205,679 265,537 749,332 118,536,124 537,292 54,348,640 EXPENDITURES Current: General government 45,573 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 5,447,151 Capital outlay Total expenditures 4,722,071 1,734,513 45,573 537,292 59,795,791 707,507 (220,741) 219,964 212,040 58,740,333 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (59,603,147) Loan proceeds (59,603,147) Total other financing sources (uses) Net change in fund balances 707,507 (220,741) 219,964 212,040 (862,814) 2,422,559 413,789 379,894 (212,040) 14,860,605 Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for 39,556 inventories Fund balances (deficit) at end of year $ 3,130,066 $ 193,048 120 $ 599,858 $ $ 14,037,347 SPECIAL REVENUE FUNDS Trial Court Special Revenue Trial Court Grants $ $ Victim Compensation Interest Victim Compensation Restitution $ $ Victim Location $ Waste Management $ Waste Tire $ Total $ 88,105,497 38,765,897 1,431,101 854,969 4,977,907 140,742 86,396 77,216 4,814,030 265,503,853 53,941 67,257,055 15,159,580 1,005 154,465 29,251 30,824 34,428 24,684 304,423 5,284,808 45,433,991 1,432,106 5,987,341 115,647 108,040 34,428 165,426 5,172,394 525,510,681 1,443,076 5,646,998 1,459 1,296 6,326,604 146,411 137,581,847 54,885,932 4,793,432 139,020,656 28,425,542 12,404,750 133,437 1,443,076 5,780,435 1,459 1,296 (10,970) 206,906 114,188 106,744 34,428 1,331,703 14,492,152 146,411 6,125,135 393,137,483 19,015 (952,741) 132,373,198 1,547,079 (121,375,170) (119,828,091) (10,970) 206,906 114,188 106,744 34,428 19,015 (952,741) 12,545,107 2,622,853 537,688 557,830 115,438 496,359 6,970,507 175,502,899 669,800 $ (10,970) $ 2,829,759 $ 651,876 $ 664,574 $ 149,866 $ 515,374 $ 6,017,766 $ 188,717,806 (continued on next page) 121 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2008 DEBT SERVICE FUNDS Stadium District Debt Service Special Assessment CAPITAL PROJECTS FUNDS Detention Capital Projects County Improvement Total REVENUES Taxes $ $ 6,131,305 $ 6,131,305 $ $ Licenses and permits Intergovernmental Charges for services 56,579 56,579 Fines and forfeits Special assessment 540,543 540,543 2,292,088 5,887 56,579 6,671,848 6,728,427 2,292,088 5,887 Principal 26,711 2,960,000 2,986,711 Interest 6,612 2,462,344 2,468,956 1,250 1,250 44,538,645 73,053 33,323 5,423,594 5,456,917 44,538,645 73,053 23,256 1,248,254 1,271,510 (42,246,557) (67,166) 3,524,014 32,112,796 (1,439,279) (1,439,279) (1,439,279) (1,439,279) 3,524,014 32,112,796 23,256 (191,025) (167,769) (38,722,543) 32,045,630 123,706 10,702,495 10,826,201 77,493,743 51,703,840 Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Other expenditures Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Loan proceeds Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year, as restated Increase (decrease) in reserve for inventories Fund balances (deficit) at end of year $ 146,962 $ 10,511,470 122 $ 10,658,432 $ 38,771,200 $ 83,749,470 CAPITAL PROJECTS FUNDS Flood Control Capital Projects $ Intergovernmental Capital Projects $ Long Term Project Reserve $ 1,160 Special Improvement Districts $ Transportation Capital Projects $ Total $ 1,160 Total Nonmajor Governmental Funds $ 94,237,962 38,765,897 21,946,984 21,946,984 287,450,837 7,300,481 7,300,481 74,614,115 15,159,580 720,257 872,294 37,947 1,404,227 5,332,700 5,284,808 51,307,234 720,257 873,454 37,947 30,651,692 34,581,325 566,820,433 6,326,604 137,581,847 54,885,932 139,020,656 28,425,542 12,404,750 2,986,711 2,468,956 55,181,586 3,778,819 13,195,905 74,953,101 191,721,109 1,250 206,213,261 55,181,586 3,778,819 13,195,905 74,953,101 191,721,109 590,315,509 (55,181,586) (3,058,562) (12,322,451) (44,301,409) (157,139,784) (23,495,076) 59,594,512 155,764,875 157,311,954 (4,183,962) 10,106,857 (126,998,411) 10,106,857 59,594,512 161,687,770 40,420,400 58,357,554 2,152,745 37,947 23,254 (4,183,962) 10,106,857 58,357,554 (2,031,217) 10,130,111 3,175,968 (5,089,779) (2,192,340) 37,947 15,293,103 4,547,986 16,925,324 20,774,706 8,259,043 9,814,906 421,940 36,984,196 205,452,374 391,781,474 669,800 $ 23,950,674 $ 3,169,264 $ 7,622,566 $ 459,887 123 $ 52,277,299 $ 210,000,360 $ 409,376,598 124 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Adult Probation Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits 10,293,447 $ 10,293,447 $ 9,744,066 $ (549,381) 2,055,698 100,000 2,055,698 100,000 2,200,099 233,631 144,401 133,631 12,449,145 12,449,145 12,177,796 (271,349) 13,356,826 205,000 13,351,634 205,000 12,616,778 136,172 734,856 68,828 Total expenditures 13,561,826 13,556,634 12,752,950 803,684 Deficiency of revenues under expenditures (1,112,681) (1,107,489) (575,154) 532,335 (1,112,681) 4,163,457 3,050,776 $ (1,107,489) 4,163,457 3,055,968 $ Miscellaneous Total revenues EXPENDITURES Current: Public safety Capital outlay Net change in fund balances Fund balance – beginning Fund balance – ending $ 125 (575,154) 5,215,862 4,640,708 $ 532,335 1,052,405 1,584,740 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Adult Probation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental Charges for services $ 3,897,538 356,635 $ 4,220,837 356,635 $ 3,389,619 796,441 $ (831,218) 439,806 Total revenues 4,254,173 4,577,472 4,186,060 (391,412) 4,254,173 4,577,472 4,183,798 393,674 4,254,173 4,577,472 4,183,798 393,674 2,262 2,262 2,262 (56,354) (54,092) 2,262 106,601 108,863 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (162,955) (162,955) 126 $ (162,955) (162,955) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Air Quality Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 9,069,432 $ 10,432,338 $ Charges for services Fines and forfeits Miscellaneous Total revenues 8,298,469 $ (2,133,869) 141,270 141,270 1,399,264 17,654 2,399,264 17,654 4,872,236 556,608 2,472,972 538,954 10,486,350 12,849,256 13,868,583 1,019,327 11,186,083 999,112 16,773,225 3,617,643 14,614,235 1,583,960 2,158,990 2,033,683 12,185,195 20,390,868 16,198,195 4,192,673 (1,698,845) (7,541,612) (2,329,612) 5,212,000 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ (208,428) (208,428) 208,428 (208,428) (208,428) 208,428 (1,907,273) 6,931,214 5,023,941 (7,750,040) 6,931,214 (818,826) 127 $ $ (2,329,612) 10,667,270 8,337,658 $ 5,420,428 3,736,056 9,156,484 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Air Quality Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 4,010,023 $ 4,010,023 $ 4,078,311 $ 68,288 4,010,023 4,010,023 4,078,311 68,288 3,917,991 25,564 3,917,991 25,564 3,685,283 64,262 232,708 (38,698) 3,943,555 3,943,555 3,749,545 194,010 66,468 66,468 328,766 262,298 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (66,468) (66,468) 66,468 (66,468) (66,468) 66,468 (58,013) (58,013) (58,013) (58,013) Net change in fund balances Fund deficit – beginning Fund deficit – ending $ 128 $ $ 328,766 (761,804) (433,038) $ 328,766 (703,791) (375,025) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control Field Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for Services 8,000 8,000 $ 19,175 $ 11,175 3,152,351 3,207,214 54,863 5,000 38,720 5,000 38,720 5,852 43,490 852 4,770 2,954,071 3,204,071 3,275,731 71,660 2,648,997 257,820 2,821,997 334,820 3,017,444 332,174 (195,447) 2,646 2,906,817 3,156,817 3,349,618 (192,801) 47,254 47,254 (73,887) (121,141) Fines and forfeits Miscellaneous Total revenues $ 2,902,351 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ (306,254) (306,254) (107,230) 199,024 (306,254) (306,254) (107,230) 199,024 (259,000) 726,209 467,209 (259,000) 726,209 467,209 (181,117) 984,725 803,608 77,883 258,516 336,399 129 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 1,200 Intergovernmental Charges for services Miscellaneous Total revenues $ 1,200 $ $ (1,200) 597 39,968 4,968 (35,000) 10,600 434,368 10,600 916,542 75,714 981,370 65,114 64,828 446,765 968,310 1,062,052 93,742 427,748 1,040,832 1,055,692 (14,860) 427,748 1,040,832 1,055,692 (14,860) 19,017 (72,522) 6,360 78,882 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (19,017) (19,017) 19,017 (19,017) (19,017) 19,017 542,744 524,744 (91,539) 542,744 451,205 Net change in fund balances Fund balance – beginning Fund balance – ending $ 130 $ $ 6,360 519,718 526,078 $ 97,899 (23,026) 74,873 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control License/Shelter Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services Miscellaneous Total revenues 5,151,239 $ 5,853,011 $ 6,479,551 $ 626,540 1,754,275 75 1,754,275 75 2,332,856 151,900 578,581 151,825 6,905,589 7,607,361 8,964,307 1,356,946 5,286,226 47,244 6,008,986 32,115 6,557,428 3,613 (548,442) 28,502 5,333,470 6,041,101 6,561,041 (519,940) 1,572,119 1,566,260 2,403,266 837,006 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (1,572,119) (1,572,119) (1,040,845) 531,274 (1,572,119) (1,572,119) (1,040,845) 531,274 (5,859) 1,362,421 1,368,280 2,006,537 2,006,537 2,241,619 (15,899) 3,588,141 235,082 (15,899) 1,587,463 Net change in fund balances Fund balance – beginning Decrease in reserve for inventories Fund balance – ending $ 2,006,537 131 $ 2,000,678 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Ballpark Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 52,000 4,578,773 $ 52,000 4,578,773 $ 4,574,852 $ (52,000) (3,921) 4,630,773 4,630,773 4,574,852 (55,921) 2,244,471 2,244,471 1,133,609 3,153 1,110,862 (3,153) 2,244,471 2,244,471 1,136,762 1,107,709 2,386,302 2,386,302 3,438,090 1,051,788 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ (1,504,076) (1,504,076) (23,254) 1,480,822 (1,504,076) (1,504,076) (23,254) 1,480,822 882,226 4,193,691 5,075,917 882,226 4,193,691 5,075,917 3,414,836 2,326,098 5,740,934 2,532,610 (1,867,593) 665,017 132 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Cactus League Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 25,000 $ 25,000 $ 149,369 $ 124,369 25,000 25,000 149,369 124,369 482,288 1,439,288 1,350,879 88,409 482,288 1,439,288 1,350,879 88,409 (457,288) (1,414,288) (1,201,510) 212,778 482,500 1,439,500 1,439,279 (221) 482,500 1,439,500 1,439,279 (221) 25,212 2,822,269 2,847,481 25,212 2,822,269 2,847,481 237,769 2,914,188 3,151,957 212,557 91,919 304,476 Total revenues EXPENDITURES Current: Culture and recreation Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 133 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual CDBG Housing Trust Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 13,523,899 $ 13,526,903 $ 7,795,716 $ (5,731,187) 13,523,899 13,526,903 7,795,716 (5,731,187) 13,499,406 13,502,410 7,601,702 5,900,708 13,499,406 13,502,410 7,601,702 5,900,708 24,493 24,493 194,014 169,521 (24,493) (24,493) 24,493 (24,493) (24,493) 24,493 398,697 398,697 398,697 398,697 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Fund balance – ending $ 134 $ 194,014 (194,014) $ $ 194,014 (592,711) (398,697) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Check Enforcement Program Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 592,500 7,500 Miscellaneous Total revenues $ 592,500 7,500 $ 384,882 8,793 $ (207,618) 1,293 600,000 600,000 393,675 (206,325) 600,000 600,000 447,807 152,193 600,000 600,000 447,807 152,193 (54,132) (54,132) (54,132) 248,334 194,202 (54,132) (26,174) (80,306) EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances 274,508 274,508 Fund balance – beginning Fund balance – ending $ 135 $ 274,508 274,508 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Child Support Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 60,000 $ 60,000 $ Miscellaneous 94,726 15,954 $ 34,726 15,954 60,000 60,000 110,680 50,680 75,000 75,000 74,000 1,000 75,000 75,000 74,000 1,000 Excess (deficiency) of revenues over expenditures (15,000) (15,000) 36,680 51,680 Net change in fund balances (15,000) 254,290 239,290 (15,000) 254,290 239,290 36,680 316,683 353,363 51,680 62,393 114,073 Total revenues EXPENDITURES Current: Health, welfare and sanitation Total expenditures Fund balance – beginning Fund balance – ending $ 136 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Children’s Issues Education Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 111,007 4,000 $ 111,007 4,000 $ 107,074 11,173 $ (3,933) 7,173 115,007 115,007 118,247 3,240 115,007 115,007 78,509 36,498 115,007 115,007 78,509 36,498 39,738 39,738 39,738 241,615 281,353 39,738 13,030 52,768 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 228,585 228,585 137 $ 228,585 228,585 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of Court Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 719,909 $ 359,955 $ $ (359,955) 1,127,900 100 1,793,890 100 1,973,535 15,010 179,645 14,910 1,847,909 2,153,945 1,988,545 (165,400) 1,962,909 2,617,470 2,167,646 449,824 1,962,909 2,617,470 2,167,646 449,824 Deficiency of revenues under expenditures (115,000) (463,525) (179,101) 284,424 Net change in fund balances (115,000) 805,797 690,797 (463,525) 805,797 342,272 (179,101) 660,164 481,063 284,424 (145,633) 138,791 Miscellaneous Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 138 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of the Court EDMS Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous 2,880,000 20,000 $ 2,880,000 20,000 $ 3,027,923 44,314 $ 147,923 24,314 2,900,000 2,900,000 3,072,237 172,237 3,330,000 3,330,000 2,799,896 232,233 530,104 (232,233) 3,330,000 3,330,000 3,032,129 297,871 Excess (deficiency) of revenues over expenditures (430,000) (430,000) 40,108 470,108 Net change in fund balances (430,000) 736,032 306,032 (430,000) 736,032 306,032 40,108 945,054 985,162 470,108 209,022 679,130 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 139 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of the Court Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 1,676,124 $ 1,676,124 $ 1,442,563 $ (233,561) 1,676,124 1,676,124 1,442,563 (233,561) 1,676,124 1,676,124 1,504,206 171,918 1,676,124 1,676,124 1,504,206 171,918 (61,643) (61,643) (61,643) (61,643) 93,087 31,444 EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (93,087) (93,087) 140 $ (93,087) (93,087) $ (61,643) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Conciliation Court Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 1,685,930 10,000 $ 1,685,930 10,000 $ 1,665,171 36,138 $ (20,759) 26,138 1,695,930 1,695,930 1,701,309 5,379 1,695,930 1,695,930 1,585,755 110,175 1,695,930 1,695,930 1,585,755 110,175 115,554 115,554 115,554 770,382 885,936 115,554 120,743 236,297 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 649,639 649,639 141 $ 649,639 649,639 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Correctional Health Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 351,728 Total revenues $ 362,229 $ 361,604 $ (625) 351,729 362,229 361,604 (625) 192,460 159,269 202,960 159,269 79,988 281,616 122,972 (122,347) 351,729 362,229 361,604 625 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances 120,405 120,405 Fund balance – beginning Fund balance – ending $ 142 $ 120,405 120,405 $ $ (120,405) (120,405) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 582,486 Charges for services $ 655,486 $ $ 13,542 868,307 32,700 32,700 1,483,493 1,556,493 1,483,493 1,622,493 1,528,848 93,645 1,483,493 1,622,493 1,528,848 93,645 (66,000) 167,792 233,792 (66,000) 1,023,935 957,935 167,792 1,099,478 1,267,270 233,792 75,543 309,335 Fines and forfeits Miscellaneous Total revenues 669,028 868,307 941,488 73,181 86,124 (32,700) 86,124 1,696,640 140,147 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,023,935 1,023,935 143 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 6,160,825 $ 8,347,333 $ Miscellaneous Total revenues 6,615,147 47,394 $ (1,732,186) 47,394 6,160,825 8,347,333 6,662,541 (1,684,792) 6,160,825 8,315,333 32,000 6,723,332 38,314 1,592,001 (6,314) 6,160,825 8,347,333 6,761,646 1,585,687 (99,105) (99,105) EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances 13,902 13,902 Fund balance (deficit) – beginning Fund balance (deficit)– ending $ 144 $ 13,902 13,902 $ (99,105) (9,100) (108,205) $ (99,105) (23,002) (122,107) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney RICO Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Total revenues 2,000,000 $ 2,000,000 $ 1,843,457 $ (156,543) 2,000,000 2,000,000 1,843,457 (156,543) 2,000,000 2,750,000 2,316,248 433,752 2,000,000 2,750,000 2,316,248 433,752 (750,000) (472,791) 277,209 (750,000) 1,940,178 1,190,178 (472,791) 2,583,932 2,111,141 277,209 643,754 920,963 EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning, as restated Fund balance – ending $ 1,940,178 1,940,178 145 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County School Indirect Cost Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 609,491 $ 609,491 $ Miscellaneous Total revenues Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 566,904 71,236 $ (42,587) 71,236 609,491 609,491 638,140 28,649 609,491 609,491 638,140 28,649 609,491 1,497,412 2,106,903 609,491 1,497,412 2,106,903 638,140 1,244,317 1,882,457 28,649 (253,095) (224,446) 146 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Court Document Retrieval Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 1,148,243 2,000 $ 1,148,243 2,000 $ 1,166,011 480 $ 17,768 (1,520) 1,150,243 1,150,243 1,166,491 16,248 1,150,243 1,150,243 1,097,863 52,380 1,150,243 1,150,243 1,097,863 52,380 68,628 68,628 68,628 55,877 124,505 68,628 3,670 72,298 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 52,207 52,207 Fund balance – beginning Fund balance – ending $ 147 $ 52,207 52,207 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Criminal Justice Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 1,538,070 28,500 $ 1,538,070 28,500 $ 1,791,765 96,696 $ 253,695 68,196 1,566,570 1,566,570 1,888,461 321,891 1,566,570 1,562,166 1,535,473 26,693 1,566,570 1,562,166 1,535,473 26,693 4,404 352,988 348,584 4,404 1,734,153 1,738,557 352,988 1,806,483 2,159,471 348,584 72,330 420,914 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,734,153 1,734,153 148 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Del Webb Special Revenue Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 16,500 22,354 Miscellaneous $ 16,500 22,354 $ 5,425 26,107 $ (11,075) 3,753 38,854 38,854 31,532 (7,322) 126,136 4 126,136 4 107,994 24 18,142 (20) 126,140 126,140 108,018 18,122 (87,286) (87,286) (76,486) 10,800 (6,415) (6,415) 6,415 (6,415) (6,415) 6,415 (93,701) 545,679 451,978 (93,701) 545,679 451,978 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 149 $ $ (76,486) 575,979 499,493 $ 17,215 30,300 47,515 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Diversion Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 988,810 20,000 Miscellaneous Total revenues $ 988,810 20,000 $ 997,583 55,173 $ 8,773 35,173 1,008,810 1,008,810 1,052,756 43,946 1,008,810 1,008,810 722,417 286,393 1,008,810 1,008,810 722,417 286,393 330,339 330,339 330,339 842,719 1,173,058 330,339 (379,221) (48,882) EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,221,940 1,221,940 150 $ 1,221,940 1,221,940 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Domestic Relations Mediation Education Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 186,682 4,000 $ 186,682 4,000 $ 197,114 10,724 $ 10,432 6,724 190,682 190,682 207,838 17,156 190,682 190,682 182,245 8,437 190,682 190,682 182,245 8,437 25,593 25,593 25,593 242,212 267,805 25,593 20,223 45,816 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 221,989 221,989 151 $ 221,989 221,989 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Elections Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ $ Miscellaneous Total revenues 749 3,511 $ 749 3,511 4,260 4,260 EXPENDITURES Current: 29,524 29,524 4,260 25,264 29,524 29,524 4,260 25,264 Deficiency of revenues under expenditures (29,524) (29,524) 29,524 Net change in fund balances (29,524) 29,524 (29,524) 29,524 29,524 (29,524) General government Total expenditures Fund balance – beginning Fund balance – ending $ $ 152 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Emergency Management Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 473,679 $ 632,024 $ 296,140 $ (335,884) 268,600 7,990 268,600 7,990 269,711 250 1,111 (7,740) 750,269 908,614 566,101 (342,513) 700,553 858,898 695,718 163,180 700,553 858,898 169 695,887 (169) 163,011 49,716 49,716 (129,786) (179,502) (49,716) (49,716) 49,716 (49,716) (49,716) 49,716 (218,577) (218,577) (218,577) (218,577) EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund deficit – beginning Fund deficit – ending $ 153 $ $ (129,786) (66,185) (195,971) $ (129,786) 152,392 22,606 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Environmental Services Environmental Health Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Licenses and permits $ 14,945,739 $ 14,945,739 $ 14,130,161 $ (815,578) Charges for services 1,490,475 1,490,475 1,950,648 460,173 Fines and forfeits 60,000 1,620,587 60,000 1,620,587 267,786 1,935,571 207,786 314,984 18,116,801 18,116,801 18,284,166 167,365 17,258,944 13,951 17,209,903 13,951 16,572,459 2,915 637,444 11,036 17,272,895 17,223,854 16,575,374 648,480 843,906 892,947 1,708,792 815,845 (380,790) (380,790) 380,790 (380,790) (380,790) 380,790 463,116 4,827,735 5,290,851 512,157 4,827,735 5,339,892 Miscellaneous Total revenues EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 154 $ $ 1,708,792 4,829,621 6,538,413 $ 1,196,635 1,886 1,198,521 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Environmental Services Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 1,334,878 $ 1,334,878 $ Miscellaneous Total revenues 1,320,292 14,587 $ (14,586) 14,587 1,334,878 1,334,878 1,334,879 1 1,079,449 1,120,449 1,154,191 (33,742) 255,429 1,334,878 214,429 1,334,878 180,688 1,334,879 33,741 (1) EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances 16,290 16,290 Fund balance – beginning Fund balance – ending $ 155 $ 16,290 16,290 $ $ (16,290) (16,290) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Events Center Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 75,000 Total revenues $ 75,000 $ 81,175 $ 6,175 75,000 75,000 81,175 6,175 63,000 63,000 52,982 10,018 63,000 63,000 52,982 10,018 12,000 12,000 28,193 16,193 (24,050) (24,050) (24,050) (24,050) EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances 12,000 12,796 24,796 Fund balance – beginning Fund balance – ending $ 156 $ (12,050) 12,796 746 $ 4,143 54,097 58,240 $ 16,193 41,301 57,494 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Expedited Child Support Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 441,080 4,500 $ 441,080 4,500 $ 448,932 17,075 $ 7,852 12,575 445,580 445,580 466,007 20,427 445,580 445,580 340,846 104,734 445,580 445,580 340,846 104,734 125,161 125,161 125,161 353,068 478,229 125,161 16,038 141,199 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 337,030 337,030 157 $ 337,030 337,030 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Taxes $ Licenses and permits Intergovernmental 69,683,115 $ 69,683,115 $ Total revenues $ (709,998) 1,883,000 2,759,309 876,309 17,192,456 17,192,456 16,067,279 (1,125,177) 2,765,426 2,765,426 12,000 7,954,927 12,000 5,189,501 91,523,997 91,523,997 95,766,632 4,242,635 35,021,434 863,050 35,292,133 863,050 32,271,079 724,547 3,021,054 138,503 35,884,484 36,155,183 32,995,626 3,159,557 55,639,513 55,368,814 62,771,006 7,402,192 Charges for services Miscellaneous 68,973,117 1,883,000 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning (58,628,253) (58,357,554) (58,357,554) (58,628,253) (58,357,554) (58,357,554) (2,988,740) (2,988,740) 4,413,452 7,402,192 2,988,740 2,988,740 11,588,134 151,036 16,152,622 8,599,394 151,036 16,152,622 Increase in reserve for inventory of supplies Fund balance – ending $ $ 158 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual General Government Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 14,949,882 $ 358,000 10,417,575 $ 508,000 $ 150,000 (10,417,575) 14,949,882 10,775,575 508,000 (10,267,575) 14,949,882 16,543,598 508,000 16,035,598 14,949,882 16,543,598 508,000 16,035,598 EXPENDITURES Current: General government Total expenditures Deficiency of revenues under expenditures Net change in fund balances (304) (304) Fund deficit – beginning Fund deficit – ending $ 159 $ (5,768,023) 5,768,023 (5,768,023) (304) (5,768,327) 5,768,023 304 5,768,327 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Human Services Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 42,109,725 $ 400,106 41,975,603 $ Miscellaneous Total revenues 39,193,918 $ 400,106 (2,781,685) 5,927 (400,106) 5,927 42,509,831 42,375,709 39,199,845 (3,175,864) 40,543,999 1,028,000 40,409,877 1,028,000 39,008,383 921,896 1,401,494 106,104 41,571,999 41,437,877 39,930,279 1,507,598 937,832 937,832 (730,434) (1,668,266) EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (937,832) (937,832) 937,832 (937,832) (937,832) 937,832 (3,968,892) (3,968,892) (3,968,892) (3,968,892) Net change in fund balances Fund deficit – beginning Fund deficit – ending $ 160 $ $ (730,434) (3,260,828) (3,991,262) $ (730,434) 708,064 (22,370) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Health Services Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for Services $ 139,715 10,000 Miscellaneous Total revenues $ 139,715 10,000 $ 87,348 26,963 $ 114,311 (52,367) 16,963 149,715 149,715 (35,404) 149,715 149,715 149,715 149,715 149,715 149,715 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 281,993 281,993 Fund balance – beginning Fund balance – ending $ 161 $ 281,993 281,993 $ 114,311 114,311 114,311 453,356 567,667 114,311 171,363 285,674 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Services Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 12,042,042 $ 12,042,042 $ 16,116,285 $ 4,074,243 12,042,042 12,042,042 16,116,285 4,074,243 11,450,578 591,464 15,450,578 591,464 10,875,600 64,850 4,574,978 526,614 12,042,042 16,042,042 10,940,450 5,101,592 (4,000,000) 5,175,835 9,175,835 (4,000,000) 25,621,489 21,621,489 5,175,835 22,187,473 27,363,308 9,175,835 (3,434,016) 5,741,819 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 25,621,489 25,621,489 162 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Judicial Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 93,000 $ 93,000 $ $ (93,000) 1,120,000 34,277 1,120,000 34,277 1,205,240 59,291 85,240 25,014 1,247,277 1,247,277 1,264,531 17,254 1,472,610 1,679,610 1,376,837 302,773 1,472,610 1,679,610 1,376,837 302,773 Deficiency of revenues under expenditures (225,333) (432,333) (112,306) 320,027 Net change in fund balances (225,333) 970,650 745,317 (432,333) 970,650 538,317 (112,306) 1,238,110 1,125,804 320,027 267,460 587,487 Miscellaneous Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 163 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Court Judicial Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 607,361 50,621 Miscellaneous Total revenues $ 607,361 50,621 $ 712,300 136,924 $ 104,939 86,303 657,982 657,982 849,224 191,242 657,982 657,732 629,948 8,193 27,784 (8,193) 657,982 657,732 638,141 19,591 250 211,083 210,833 250 2,279,297 2,279,547 211,083 2,633,894 2,844,977 210,833 354,597 565,430 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 2,279,297 2,279,297 164 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Court Special Revenue Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) Revenues Charges for Services $ 2,990,949 103,128 Miscellaneous Total revenues $ 2,990,949 103,128 $ 3,912,578 225,407 $ 921,629 122,279 3,094,077 3,094,077 4,137,985 1,043,908 3,094,077 3,094,077 2,969,207 124,870 3,094,077 3,094,077 2,969,207 124,870 1,168,778 1,168,778 1,168,778 4,008,508 5,177,286 1,168,778 362,444 1,531,222 Expenditures Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 3,646,064 3,646,064 Fund balance – beginning Fund balance – ending $ 165 $ 3,646,064 3,646,064 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Diversion Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 300,000 16,633 Miscellaneous Total revenues $ 300,000 16,633 $ 320,435 36,240 $ 20,435 19,607 316,633 316,633 356,675 40,042 316,633 316,633 297,599 19,034 316,633 316,633 297,599 19,034 59,076 59,076 59,076 742,999 802,075 59,076 47,998 107,074 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 695,001 695,001 Fund balance – beginning Fund balance – ending $ 166 $ 695,001 695,001 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 7,129,843 1,486,387 $ 7,367,869 1,486,387 $ 5,342,573 17,910 $ (2,025,296) (1468,477) 8,616,230 8,854,256 5,360,483 (3,493,773) 8,591,502 8,829,528 6,116,342 2,713,186 8,591,502 8,829,528 6,116,342 2,713,186 24,728 24,728 (755,859) (780,587) 24,728 (487,664) (462,936) 24,728 (487,664) (462,936) (755,859) 495,208 (260,651) (780,587) 982,872 202,285 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund deficit – ending $ 167 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Special Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits Miscellaneous Total revenues 929,489 $ 929,489 $ 620,868 $ (308,621) 1,960,698 6,000 1,960,698 6,000 2,093,567 102,065 132,869 96,065 2,896,187 2,896,187 2,816,500 (79,687) 2,886,329 9,858 2,886,329 9,858 2,850,683 35,646 9,858 2,896,187 2,896,187 2,850,683 45,504 (34,183) (34,183) (34,183) 2,167,687 2,133,504 (34,183) 403,470 369,287 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,764,217 1,764,217 168 $ 1,764,217 1,764,217 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Restitution Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 25,000 $ 25,000 $ 22,768 $ (2,232) 25,000 25,000 22,768 (2,232) 10,000 25,000 17,967 7,033 10,000 25,000 17,967 7,033 4,801 4,801 4,801 84,990 89,791 4,801 33,413 38,214 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures 15,000 Net change in fund balances 15,000 51,577 66,577 Fund balance – beginning Fund balance – ending $ 169 $ 51,577 51,577 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Lake Pleasant Recreation Services Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,484,554 $ 1,519,554 $ Fines and forfeits $ (29,779) 80,000 80,000 92 279,447 1,564,554 1,599,554 1,769,314 169,760 1,604,554 342,000 1,639,554 342,000 1,600,531 308,987 39,023 33,013 1,946,554 1,981,554 1,909,518 72,036 (382,000) (382,000) (140,204) 241,796 (474,889) (452,275) 22,614 (474,889) (452,275) 22,614 (856,889) 2,127,849 1,270,960 (592,479) 2,181,766 1,589,287 264,410 53,917 318,327 Miscellaneous Total revenues 1,489,775 92 199,447 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ (382,000) 2,127,849 1,745,849 170 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Law Library Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits Miscellaneous Total revenues 840,000 $ 840,000 $ 941,891 $ 101,891 2,000 43,000 2,000 43,000 2,381 48,569 381 5,569 885,000 885,000 992,841 107,841 885,000 885,000 854,563 30,437 885,000 885,000 854,563 30,437 138,278 138,278 138,278 552,913 691,191 138,278 33,397 171,675 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 519,516 519,516 171 $ 519,516 519,516 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Legal Defender Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 59,000 $ 59,000 $ Charges for services Miscellaneous Total revenues $ (59,000) 59,000 1,890 59,000 1,890 59,000 59,000 60,890 1,890 59,000 59,000 58,999 1 59,000 59,000 58,999 1 1,891 1,891 1,891 15,550 17,441 1,891 2,216 4,107 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 13,334 13,334 Fund balance – beginning Fund balance – ending $ 172 $ 13,334 13,334 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 19,163,520 Intergovernmental $ 19,163,520 $ 19,132,380 $ (31,140) 212,829 538,690 224,836 (313,854) 2,262,502 2,267,252 3,657,206 1,389,954 550,000 684,586 550,000 689,925 668,993 1,077,467 118,993 387,542 22,873,437 23,209,387 24,760,882 1,551,495 20,706,201 21,224,350 20,783,377 132,790 440,973 (132,790) 20,706,201 21,224,350 20,916,167 308,183 Excess of revenues over expenditures 2,167,236 1,985,037 3,844,715 1,859,678 Net change in fund balances 2,167,236 6,194,934 8,362,170 1,985,037 6,194,934 8,179,971 3,844,715 12,412,334 16,257,049 1,859,678 6,217,400 8,077,078 Charges for services Fines and forfeits Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 173 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 25,000 Total revenues $ 70,919 $ 66,969 $ (3,950) 25,000 70,919 66,969 (3,950) 25,000 25,000 70,919 70,919 66,969 66,969 3,950 3,950 EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ $ 174 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Medical Examiner Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ Total revenues 110,353 $ 101,971 $ (8,382) 110,353 101,971 (8,382) 15,353 95,000 15,352 1 95,000 110,353 15,352 95,001 86,619 86,619 86,619 (86,619) 86,619 (86,667) 48 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances 48 48 Fund balance (deficit) – beginning Fund balance – ending $ 175 $ 48 48 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Palo Verde Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 333,615 $ 333,615 $ Miscellaneous Total revenues 333,615 11,839 $ 11,839 333,615 333,615 345,454 11,839 318,425 353,425 221,767 33 131,658 (33) 318,425 353,425 221,800 131,625 15,190 (19,810) 123,654 143,464 (15,190) (15,190) 15,190 (15,190) (15,190) 15,190 234,936 234,936 (35,000) 234,936 199,936 $ EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 176 $ 123,654 244,303 367,957 $ 158,654 9,367 168,021 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks and Recreation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 1,794,770 $ 199,232 $ Miscellaneous Total revenues 116,958 2,280 $ (82,274) 2,280 1,794,770 199,232 119,238 (79,994) 194,770 199,232 115,171 84,061 194,770 199,232 115,171 84,061 4,067 4,067 4,067 (27,848) (23,781) 4,067 58,224 62,291 EXPENDITURES Current: Culture and recreation Total expenditures 1,600,000 Excess of revenues over expenditures OTHER FINANCING USES (1,600,000) Transfers out (1,600,000) Total other financing uses Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (86,072) (86,072) 177 $ (86,072) (86,072) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Donations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 160,000 Total revenues $ 160,000 $ 117,645 $ (42,355) 160,000 160,000 117,645 (42,355) 160,000 160,000 16,440 143,560 160,000 160,000 16,440 143,560 101,205 101,205 EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,483,407 1,483,407 178 $ (836,104) (836,104) (836,104) (836,104) (836,104) 1,483,407 647,303 (734,899) 1,541,285 806,386 $ $ 101,205 57,878 159,083 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,823,500 $ 2,028,500 $ Fines and forfeits Miscellaneous Total revenues 2,196,739 $ 168,239 937,063 937,063 3,000 1,094,517 3,000 157,454 2,760,563 2,965,563 3,294,256 328,693 2,864,913 3,057,712 2,773,405 284,307 2,864,913 3,057,712 2,773,405 284,307 (104,350) (92,149) 520,851 613,000 69,850 69,850 (864,366) 49,120 (864,366) (20,730) 69,850 (794,516) (815,246) (20,730) (34,500) 2,542,347 2,507,847 (886,665) 2,542,347 1,655,682 (294,395) 2,776,925 2,482,530 592,270 234,578 826,848 EXPENDITURES Current: Culture and recreation Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ 179 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Souvenir Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 130,000 $ 145,000 $ 136,213 $ (8,787) 130,000 145,000 136,213 (8,787) 60,150 75,150 87,170 (12,020) 60,150 75,150 87,170 (12,020) 69,850 69,850 49,043 (20,807) EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (69,850) (69,850) (49,120) 20,730 (69,850) (69,850) (49,120) 20,730 736 736 736 736 (77) 25,078 25,001 (77) 24,342 24,265 Net change in fund balances Fund balance – beginning Fund balance – ending $ 180 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Spur Cross Ranch Conservation Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Charges for services $ Miscellaneous 444,950 7,550 $ 444,950 7,550 $ 403,174 22,918 $ (41,776) 15,368 452,500 452,500 426,092 (26,408) 442,638 250,000 442,638 250,000 445,009 (2,371) 250,000 692,638 692,638 445,009 247,629 Deficiency of revenues under expenditures (240,138) (240,138) (18,917) 221,221 Net change in fund balances (240,138) 447,692 207,554 (240,138) 447,692 207,554 (18,917) 518,351 499,434 221,221 70,659 291,880 Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 181 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Planning and Development Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Final Actual Amounts Positive (Negative) REVENUES Licenses and permits $ Charges for services Fines and forfeits Miscellaneous Total revenues 9,822,976 $ 5,259,311 $ (4,563,665) 7,278,351 9,142,976 $ 7,278,351 5,478,927 (1,799,424) 16,122 751,407 16,122 751,407 23,700 719,232 7,578 (32,175) 17,188,856 17,868,856 11,481,170 (6,387,686) 16,597,339 41,707 17,197,188 41,707 15,808,162 1,389,026 41,707 16,639,046 17,238,895 15,808,162 1,430,733 549,810 629,961 (4,326,992) (4,956,953) 28,260 (422,434) 28,260 (422,434) (422,434) (394,174) 28,260 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ 182 127,376 6,492,773 6,620,149 $ 235,787 6,492,773 6,728,560 $ 422,434 (4,298,732) 15,593,340 11,294,608 $ 422,434 (4,534,519) 9,100,567 4,566,048 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Probate Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 385,531 4,000 Miscellaneous Total revenues $ 385,531 4,000 $ 397,808 13,952 $ 12,277 9,952 389,531 389,531 411,760 22,229 389,531 389,531 321,559 67,972 389,531 389,531 321,559 67,972 90,201 90,201 90,201 298,115 388,316 90,201 19,872 110,073 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 278,243 278,243 Fund balance – beginning Fund balance – ending $ 183 $ 278,243 278,243 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 465,892 $ 465,892 $ $ (465,892) 1,151,892 12,816 1,151,892 12,816 1,556,387 35,976 404,495 23,160 1,630,600 1,630,600 1,592,363 (38,237) 1,630,600 1,630,600 1,398,581 232,019 1,630,600 1,630,600 1,398,581 232,019 193,782 193,782 193,782 514,903 708,685 193,782 207,892 401,674 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 307,011 307,011 Fund balance – beginning Fund balance – ending $ 184 $ 307,011 307,011 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 387,261 $ 387,261 $ 379,208 $ (8,053) 387,261 387,261 379,208 (8,053) 387,261 387,261 380,488 6,773 387,261 387,261 380,488 6,773 (1,280) (1,280) (1,280) (1,280) 25,442 24,162 EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (25,442) (25,442) 185 $ (25,442) (25,442) $ (1,280) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Training Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 652,774 7,000 $ 652,774 7,000 $ 444,696 19,834 $ (208,078) 12,834 659,774 659,774 464,530 (195,244) 659,774 646,617 446,910 199,707 659,774 646,617 446,910 199,707 13,157 17,620 4,463 13,157 114,812 127,969 17,620 158,503 176,123 4,463 43,691 48,154 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 114,812 114,812 186 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Health Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for Services 40,411,148 $ 47,120,386 $ $ (9,682,777) 209,067 336,128 482 127,061 482 40,620,215 47,329,453 37,774,219 (9,555,234) 39,656,120 46,365,358 35,256,704 601,507 11,108,654 (601,507) 39,656,120 46,365,358 35,858,211 10,507,147 964,095 964,095 1,916,008 951,913 Miscellaneous Total revenues 37,437,609 209,067 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (964,095) (964,095) 964,095 (964,095) (964,095) 964,095 8,996,316 8,996,316 Net change in fund balances 1,916,008 Fund balance (deficit) – beginning Increase in reserve for inventories Fund balance – ending $ 8,996,316 187 $ 8,996,316 $ (1,376,569) 461,978 1,001,417 1,916,008 $ (10,372,885) 461,978 (7,994,899) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Health Fees Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for Services $ Miscellaneous Total revenues 3,568,133 52,453 $ 3,781,525 65,853 $ 3,911,924 261,816 $ 130,399 195,963 3,620,586 3,847,378 4,173,740 326,362 3,473,602 5,000 4,533,346 5,000 3,706,751 144,613 826,595 (139,613) 3,478,602 4,538,346 3,851,364 686,982 141,984 (690,968) 322,376 1,013,344 45,000 (186,984) 45,000 (186,984) 30,420 (14,580) 186,984 (141,984) (141,984) 30,420 172,404 (832,952) 352,796 1,185,748 3,837,273 3,837,273 4,967,002 36,574 5,356,372 1,129,729 36,574 2,352,051 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Increase in reserve for inventories Fund balance – ending $ 188 3,837,273 $ 3,004,321 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Recorder’s Surcharge Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Miscellaneous Total revenues 6,000,000 300,000 $ 6,000,000 300,000 $ 4,608,676 259,450 $ (1,391,324) (40,550) 6,300,000 6,300,000 4,868,126 (1,431,874) 5,214,980 1,160,000 5,227,525 1,160,000 5,768,771 519,965 (541,246) 640,035 6,374,980 6,387,525 6,288,736 98,789 (74,980) (87,525) (1,420,610) (1,333,085) (74,980) 8,288,904 8,213,924 (87,525) 8,288,904 8,201,379 (1,420,610) 6,789,316 5,368,706 (1,333,085) (1,499,588) (2,832,673) EXPENDITURES Current: General government Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 189 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Communication Expense Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 82,680 Total revenues $ 82,680 $ 103,315 $ 20,635 82,680 82,680 103,315 20,635 82,680 82,680 81,066 1,614 82,680 82,680 81,066 1,614 22,249 22,249 22,249 32,232 54,481 22,249 22,380 44,629 EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures Net change in fund balances 9,852 9,852 Fund balance – beginning Fund balance – ending $ 190 $ 9,852 9,852 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 3,058,354 $ 3,087,897 $ Miscellaneous 56,062 40,441 $ (3,031,835) 40,441 3,058,354 3,087,897 96,503 (2,991,394) 2,559,504 2,589,047 1,011,022 1,578,025 2,559,504 2,589,047 1,011,022 1,578,025 Excess (deficiency) of revenues over expenditures 498,850 498,850 (914,519) (1,413,369) Net change in fund balances 498,850 335,334 834,184 498,850 335,334 834,184 (914,519) 822,217 (92,302) (1,413,369) 486,883 (926,486) Total revenues EXPENDITURES Current: Education Total expenditures Fund balance – beginning Fund balance (deficit) – ending $ 191 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Transportation Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 792,887 $ 792,887 $ 805,762 $ 12,875 792,887 792,887 805,762 12,875 792,887 792,887 497,471 295,416 792,887 792,887 497,471 295,416 308,291 308,291 308,291 157,457 465,748 308,291 138,119 446,410 EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures Net change in fund balances 19,338 19,338 Fund balance – beginning Fund balance – ending $ 192 $ 19,338 19,338 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Donations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 16,400 Total revenues $ 80,000 $ 82,061 $ 2,061 16,400 80,000 82,061 2,061 16,400 80,000 16,574 63,426 16,400 80,000 16,574 63,426 65,487 65,487 65,487 54,685 120,172 65,487 3,719 69,206 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances 50,966 50,966 Fund balance – beginning Fund balance – ending $ 193 $ 50,966 50,966 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 5,084,102 $ 7,278,882 $ Miscellaneous Total revenues 5,751,090 6,000 $ (1,527,792) 6,000 5,084,102 7,278,882 5,757,090 (1,521,792) 3,573,795 1,510,307 5,451,075 1,827,807 5,279,933 994,271 171,142 833,536 5,084,102 7,278,882 6,274,204 1,004,678 (517,114) (517,114) (517,114) (256,026) (773,140) (517,114) 117,905 (399,209) EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (373,931) (373,931) 194 $ (373,931) (373,931) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Jail Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 2,050,000 $ 2,050,000 $ 1,365,644 $ (684,356) 2,050,000 2,050,000 1,365,644 (684,356) 1,788,933 261,067 1,788,933 261,067 742,458 19,236 1,046,475 241,831 2,050,000 2,050,000 761,694 1,288,306 603,950 603,950 603,950 861,747 1,465,697 603,950 96,592 700,542 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances 765,155 765,155 Fund balance – beginning Fund balance – ending $ 195 $ 765,155 765,155 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff RICO Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Total revenues 1,100,000 $ 1,100,000 $ 920,040 $ (179,960) 1,100,000 1,100,000 920,040 (179,960) 908,000 192,000 908,000 192,000 736,448 167,068 171,552 24,932 1,100,000 1,100,000 903,516 196,484 16,524 16,524 16,524 (17,264) (740) 16,524 24,228 40,752 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances (41,492) (41,492) Fund deficit – beginning Fund deficit – ending $ 196 $ (41,492) (41,492) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Solid Waste Management Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for Services Miscellaneous Total revenues $ $ 57,470 $ 57,470 175,000 420,000 175,000 420,000 76,962 1,246,294 (98,038) 826,294 595,000 595,000 1,380,726 785,726 1,517,428 13 1,512,106 13 1,319,873 92,715 192,233 (92,702) 1,517,441 1,512,119 1,412,588 99,531 (922,441) (917,119) (31,862) 885,257 (39,768) (56,993) (17,225) 39,768 (39,768) (56,993) (17,225) 39,768 (962,209) 13,009,350 12,047,141 (974,112) 13,009,350 12,035,238 (49,087) 13,573,455 13,524,368 925,025 564,105 1,489,130 EXPENDITURES Current: Health, welfare, and sanitation Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning, as restated Fund balance – ending $ 197 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Spousal Maintenance Enforcement Enhancement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Charges for Services $ Miscellaneous Total revenues 115,171 750 $ 115,171 750 $ 116,160 5,183 $ 989 4,433 115,921 115,921 121,343 5,422 115,921 115,921 86,679 29,242 115,921 115,921 86,679 29,242 34,664 34,664 34,664 108,200 142,864 34,664 (2,074) 32,590 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 110,274 110,274 198 $ 110,274 110,274 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Fill the Gap Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 860,801 $ 860,801 $ $ (860,801) 1,144,655 5,000 1,144,655 5,000 1,510,334 3,438 365,679 (1,562) 2,010,456 2,010,456 1,513,772 (496,684) 2,010,456 2,010,456 1,734,513 275,943 2,010,456 2,010,456 1,734,513 275,943 (220,741) (220,741) (220,741) 413,789 193,048 (220,741) 176,915 (43,826) EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances 236,874 236,874 Fund balance – beginning Fund balance – ending $ 199 $ 236,874 236,874 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Taxpayer Information Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ $ $ 265,537 $ 265,537 (800,000) 800,000 800,000 800,000 800,000 265,537 (534,463) 800,000 800,000 45,573 754,427 800,000 800,000 45,573 754,427 Excess of revenues over expenditures 219,964 219,964 Net change in fund balances 219,964 379,894 599,858 219,964 379,894 599,858 Miscellaneous Total revenues EXPENDITURES Current: General government Total expenditures Fund balance – beginning Fund balance – ending $ $ 200 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 1,170,760 $ 1,170,760 $ 749,332 $ (421,428) 1,170,760 1,170,760 749,332 (421,428) 570,760 600,000 570,760 600,000 537,292 33,468 600,000 1,170,760 1,170,760 537,292 633,468 212,040 212,040 212,040 (212,040) 212,040 239,457 451,497 EXPENDITURES Current: Highways and streets Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (451,497) (451,497) 201 $ (451,497) (451,497) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Operations Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Licenses and permits $ Intergovernmental Charges for services Miscellaneous Total revenues 2,691,313 $ 2,691,313 $ 1,814,496 $ (876,817) 113,389,088 113,389,088 112,303,379 (1,085,709) 98,850 2,426,311 98,850 2,426,311 212,570 4,205,679 113,720 1,779,368 118,605,562 118,605,562 118,536,124 (69,438) 56,238,550 5,677,089 56,353,304 5,520,487 54,348,640 5,447,151 2,004,664 73,336 61,915,639 61,873,791 59,795,791 2,078,000 56,689,923 56,731,771 58,740,333 2,008,562 (61,520,005) (61,413,886) (59,603,147) 1,810,739 (61,520,005) (61,413,886) (59,603,147) 1,810,739 (4,830,082) (4,682,115) (862,814) 3,819,301 4,830,082 4,830,082 14,860,605 39,556 14,037,347 10,030,523 39,556 13,889,380 EXPENDITURES Current: Highways and streets Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Increase in reserve for inventories Fund balance – ending $ $ 202 147,967 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Trial Court Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 2,012,717 1,000 $ 2,012,717 1,000 $ 1,431,101 1,005 $ (581,616) 5 2,013,717 2,013,717 1,432,106 (581,611) 2,013,717 2,013,717 1,443,076 570,641 2,013,717 2,013,717 1,443,076 570,641 (10,970) (10,970) (10,970) (10,970) (180,307) (191,277) EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance (deficit) – ending $ 180,307 180,307 203 $ 180,307 180,307 $ (10,970) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Trial Court Special Revenue Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Miscellaneous Total revenues 713,356 $ 644,384 $ 854,969 $ 210,585 4,919,957 47,000 4,988,929 47,000 4,977,907 154,465 (11,022) 107,465 5,680,313 5,680,313 5,987,341 307,028 5,680,313 5,855,313 150,000 5,646,998 133,437 208,315 16,563 5,680,313 6,005,313 5,780,435 224,878 (325,000) 206,906 531,906 (325,000) 2,407,534 2,082,534 206,906 2,622,853 2,829,759 531,906 215,319 747,225 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance– beginning Fund balance – ending $ 2,407,534 2,407,534 204 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Compensation Interest Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 40,000 $ 40,000 86,396 29,251 40,000 40,000 115,647 75,647 440,000 440,000 1,459 438,541 440,000 440,000 1,459 438,541 Excess (deficiency) of revenues over expenditures (400,000) (400,000) 114,188 514,188 Net change in fund balances (400,000) 410,124 10,124 (400,000) 410,124 10,124 114,188 537,688 651,876 514,188 127,564 641,752 Miscellaneous Total revenues $ $ 86,396 (10,749) EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 205 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Compensation Restitution Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and Forfeits $ 95,000 5,000 Miscellaneous $ 95,000 5,000 $ 77,216 30,824 $ (17,784) 25,824 100,000 100,000 108,040 8,040 500,000 500,000 1,296 498,704 500,000 500,000 1,296 498,704 (400,000) (400,000) 106,744 506,744 (400,000) 491,169 91,169 (400,000) 491,169 91,169 106,744 557,830 664,574 506,744 66,661 573,405 Total revenues EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 206 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Location Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 18,000 $ 18,000 $ 34,428 $ 18,000 89,901 89,901 89,901 89,901 89,901 89,901 Excess (deficiency) of revenues over expenditures (71,901) (71,901) 34,428 106,329 Net change in fund balances (71,901) 89,521 17,620 (71,901) 89,521 17,620 34,428 115,438 149,866 106,329 25,917 132,246 Total revenues 34,428 16,428 18,000 16,428 EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 207 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Management Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for Services $ 65,000 20,000 Miscellaneous $ 65,000 20,000 $ 140,742 24,684 $ 75,742 4,684 85,000 85,000 165,426 80,426 477,981 477,981 146,411 331,570 477,981 477,981 146,411 331,570 Excess (deficiency) of revenues over expenditures (392,981) (392,981) 19,015 411,996 Net change in fund balances (392,981) 459,160 66,179 (392,981) 459,160 66,179 19,015 496,359 515,374 411,996 37,199 449,195 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 208 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Tire Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2008 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for Services Miscellaneous Total revenues 5,175,000 $ 5,175,000 $ 4,814,030 $ (360,970) 80,000 200,000 80,000 200,000 53,941 304,423 (26,059) 104,423 5,455,000 5,455,000 5,172,394 (282,606) 4,856,412 1,950,013 4,856,412 1,950,013 4,793,432 1,331,703 62,980 618,310 6,806,425 6,806,425 6,125,135 681,290 (1,351,425) (1,351,425) (952,741) 398,684 (38,491) (38,491) 38,491 (38,491) (38,491) 38,491 (1,389,916) 6,100,974 4,711,058 (1,389,916) 6,100,974 4,711,058 EXPENDITURES Current: Health, welfare and sanitation Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ 209 $ $ (952,741) 6,970,507 6,017,766 $ 437,175 869,533 1,306,708 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Improvement Debt Fund – Debt Service Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 2,970,149 1,961,758 $ 2,970,149 1,961,758 $ 3,054,932 2,201,193 $ 84,783 239,435 4,931,907 4,931,907 5,256,125 324,218 21,710,516 21,710,516 12,620,765 9,089,751 8,972,450 4,000 (8,972,450) (4,000) EXPENDITURES Debt service: Principal Interest Other expenditures Total expenditures Deficiency of revenues under expenditures 21,710,516 21,710,516 21,597,215 113,301 (16,778,609) (16,778,609) (16,341,090) 437,519 17,004,599 17,004,599 16,978,811 3,524,014 (25,788) (3,524,014) 17,004,599 17,004,599 13,454,797 (3,549,802) 225,990 11,388,287 11,614,277 225,990 11,388,287 11,614,277 (2,886,293) 26,819,111 23,932,818 (3,112,283) 15,430,824 12,318,541 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 210 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Stadium District Debt Service Fund – Debt Service Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Miscellaneous Total revenues 6,300,000 475,094 $ 6,300,000 475,094 $ 6,131,305 540,543 $ (168,695) 65,449 6,775,094 6,775,094 6,671,848 (103,246) 5,442,594 5,442,594 2,960,000 2,482,594 2,462,344 1,250 (2,462,344) (1,250) EXPENDITURES Debt service: Principal Interest Other expenditures Total expenditures Excess of revenues over expenditures 5,442,594 5,442,594 5,423,594 19,000 1,332,500 1,332,500 1,248,254 (84,246) OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending $ (482,500) (1,439,500) (1,439,279) 221 (482,500) (1,439,500) (1,439,279) 221 850,000 154,758 1,004,758 (107,000) 154,758 47,758 (191,025) 10,702,495 10,511,470 (84,025) 10,547,737 10,463,712 211 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Improvement Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ $ $ Total revenues 2,292,088 $ 2,292,088 2,292,088 2,292,088 EXPENDITURES Debt service: Other expenditures Capital outlay Total expenditures Deficiency of revenues under expenditures 112,170,630 89,059,802 44,538,645 44,521,157 112,170,630 89,059,802 44,538,645 44,521,157 (112,170,630) (89,059,802) (42,246,557) 46,813,245 3,524,014 120,710,156 120,710,156 3,524,014 (120,710,156) 120,710,156 120,710,156 3,524,014 (117,186,142) 8,539,526 104,709,281 113,248,807 31,650,354 104,709,281 136,359,635 (38,722,543) 77,493,743 38,771,200 (70,372,897) (27,215,538) (97,588,435) OTHER FINANCING SOURCES Transfers in Proceeds from bond issuance Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 212 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Detention Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ $ $ Total revenues 5,887 $ 5,887 5,887 5,887 EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 46,428,953 39,527,995 73,053 39,454,942 46,428,953 39,527,995 73,053 39,454,942 (46,428,953) (39,527,995) (67,166) 39,460,829 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 32,112,796 32,112,796 32,112,796 32,112,796 32,112,796 32,112,796 (14,316,157) 58,833,417 44,517,260 (7,415,199) 58,833,417 51,418,218 32,045,630 51,703,840 83,749,470 213 $ $ $ 39,460,829 (7,129,577) 32,331,252 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital Outlay $ Total expenditures Deficiency of revenues under expenditures 61,000,000 $ 60,793,000 $ 55,181,586 $ 5,611,414 61,000,000 60,793,000 55,181,586 5,611,414 (61,000,000) (60,793,000) (55,181,586) 5,611,414 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 58,628,253 58,357,554 58,357,554 58,628,253 58,357,554 58,357,554 (2,371,747) 17,143,121 14,771,374 (2,435,446) 17,143,121 14,707,675 3,175,968 20,774,706 23,950,674 214 $ $ $ 5,611,414 3,631,585 9,242,999 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual General Fund County Improvements Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ $ $ Total revenues 14,877,728 $ 14,877,728 14,877,728 14,877,728 EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 26,852,976 24,938,791 16,583,611 8,355,180 26,852,976 24,938,791 16,583,611 8,355,180 (26,852,976) (24,938,791) (1,705,883) 23,232,908 38,827,910 (6,775,900) 46,365,097 (6,775,900) 46,365,097 (6,775,900) 32,052,010 39,589,197 39,589,197 5,199,034 232,799,481 237,998,515 14,650,406 232,799,481 247,449,887 37,883,314 242,374,006 280,257,320 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 215 $ $ $ 23,232,908 9,574,525 32,807,433 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Intergovernmental Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ $ $ Total revenues 720,257 $ 720,257 720,257 720,257 EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 9,351,324 5,625,130 3,778,819 1,846,311 9,351,324 5,625,130 3,778,819 1,846,311 (9,351,324) (5,625,130) (3,058,562) 2,566,568 1,600,000 2,175,359 (4,183,962) 2,152,745 (4,183,962) (22,614) 1,600,000 (2,008,603) (2,031,217) (22,614) (7,751,324) 10,187,854 2,436,530 (7,633,733) 10,187,854 2,554,121 (5,089,779) 8,259,043 3,169,264 2,543,954 (1,928,811) 615,143 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ 216 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Long Term Project Reserve Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Miscellaneous Total revenues 550,000 $ 550,000 $ 1,160 872,294 $ 1,160 322,294 550,000 550,000 873,454 323,454 4,203,000 16,203,000 13,195,905 3,007,095 4,203,000 16,203,000 13,195,905 3,007,095 (3,653,000) (15,653,000) (12,322,451) 3,330,549 1,504,076 1,504,076 12,000,000 23,254 10,106,857 (1,480,822) (1,893,143) 1,504,076 13,504,076 10,130,111 (3,373,965) (2,148,924) 9,567,370 7,418,446 (2,148,924) 9,567,370 7,418,446 (2,192,340) 9,814,906 7,622,566 (43,416) 247,536 204,120 EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Loan proceeds Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 217 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2008 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 22,404,868 $ Charges for services $ 21,946,984 $ (457,884) 435,395 295,000 7,300,481 1,404,227 6,865,086 1,109,227 22,404,868 23,135,263 30,651,692 7,516,429 98,605,934 98,605,934 74,953,101 23,652,833 98,605,934 98,605,934 74,953,101 23,652,833 (76,201,066) (75,470,671) (44,301,409) 31,169,262 Miscellaneous Total revenues 22,404,868 EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 59,709,258 59,594,504 59,594,512 8 59,709,258 59,594,504 59,594,512 8 (16,491,808) 23,638,558 7,146,750 (15,876,167) 23,638,558 7,762,391 15,293,103 36,984,196 52,277,299 31,169,270 13,345,638 44,514,908 218 $ $ $ Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects For the Fiscal Year Ended June 30, 2008 Budgeted Amounts Original Actual Amounts Final Variance with Final Budget GENERAL GOVERNMENT County Improvement Central Court Building $ Durango Animal Care & Control Durango 911 and Crime Lab Court Tower 9,526,910 $ 9,522,728 $ 2,528,158 $ 6,994,570 15,730,000 14,010,050 13,381,824 1,342,857 1,342,857 395,578 628,226 947,279 22,075,189 23,841,572 7,578,929 16,262,643 Human Services Campus 143,166 82,881 56,503 26,378 San Tan Consolidated Justice Court 826,246 272,902 165,975 106,927 Southeast Consolidated Justice Court 37,687,527 38,036,879 18,610,108 19,426,771 Southwest Consolidated Justice Court 24,838,735 549,933 1,400,000 549,933 1,271,637 Sunnyslope Probation Facility Total County Improvement 128,363 $ 112,170,630 $ 89,059,802 $ 44,538,645 $ 44,521,157 $ 9,351,324 $ 4,314,137 $ 2,490,441 $ 1,823,696 Intergovernmental Capital Projects Buckeye Hills Shooting Range Maricopa Regional Trail System 836,104 474,889 Visitor Centers & Amphitheaters Total Intergovernmental Capital Projects 836,104 452,275 22,614 $ 9,351,324 $ 5,625,130 $ 3,778,820 $ 1,846,310 $ 8,100,000 $ 8,635,634 $ 8,123,806 $ 511,828 General Fund County Improvements Buckeye Hills Shooting Range Criminal Court Tower Downtown Consolidated Justice Courts 24,718 24,671 47 1,310,662 1,211,370 85,182 1,126,188 60,000 113,407 113,406 1 Entry Stations, Monuments & Restrooms Estrella Campground Design 20,000 Human Services Campus 277,890 277,375 Maricopa Regional Trail System 1,025,114 1,071,086 271,060 Parks Restroom Projects Phase 3 1,241,084 1,205,394 1,205,323 71 275,200 284,277 113,193 171,084 Security Building 8,162,257 5,734,129 3,843,613 1,890,516 Visitor Centers & Amphitheaters 6,280,769 100,000 6,281,401 100,000 2,803,357 3,478,044 100,000 Parks System Master Plan Vulture Mountain Total General Fund County Improvements $ 26,852,976 $ 7,279,390 $ 277,375 800,026 24,938,791 $ 16,583,611 $ 378,432 $ (5,193) $ 8,355,180 CRIMINAL JUSTICE FACILITES Juvenile Durango $ Project Reserve 34,149,563 5,000,000 Retherm Food Delivery System Total Criminal Justice Facilities $ 46,428,953 219 34,149,563 5,000,000 $ 39,527,995 78,246 $ 73,053 383,625 34,149,563 4,921,754 $ 39,454,942 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2008 Budgeted Amounts Final Original Actual Amounts Variance with Final Budget PUBLIC SAFETY ACDC ADMP Adobe Dam ADMP Aguila ADMP Buckeye #1 Buckeye/Sun Valley ADMP City Of Chandler Durango ADMP East Maricopa Floodway East Mesa ADMP Gilbert/Chandler ADMP Glendale/Peoria ADMP Hassayampa River Higley ADMP Maryvale ADMP Mcmicken Dam Metro ADMP Non Project Paradise Vly, Scottsdale,Phx Phoenix Dam Safety Program Project Reserves (Flood) Queen Creek ADMP S Phoenix Drainage Improvement Salt/Gila River Saltriver Upstream Indian Bend Scatter Wash Channel Skunk Creek Skunk Creek/New River Spook Hill ADMP Spook Hill Frs Town Of Guadalupe Upper New River White Tanks ADMP White Tanks Dam #4 Wickenburg ADMS Wittman ADMP Total Public Safety $ 984,000 $ 217,000 518,000 1,201,000 66,000 $ 1,000 15,000 12,000 1,301,000 46,000 1,116,000 3,977,000 1,553,000 157,000 14,489,000 962,000 497,000 3,487,000 75,000 982,000 1,504,000 10,048,000 1,450,000 1,044,000 1,094,000 10,019,000 7,943,000 $ 61,000,000 $ $ 500 10,000 10,000 1,000 1,400,000 $ 11,821,000 391,000 28,000 1,247,000 843,000 3,419,000 75,000 812,000 85,000 429,000 5,940,000 862,000 37,000 1,000 1,018,000 3,000 571,000 666,000 143,000 1,000 448,000 22,133,000 60,000 6,000,000 2,000 60,793,000 1,135,963 47,488 $ 1,000 4,614 9,588 357,930 62,844 52,864 10,386 2,412 943,070 (16,844) 1,063,136 11,050,738 365,955 17,084 1,158,160 23,019 3,191,741 748,267 67,544 5,905,413 699,710 18,272 92 1,013,573 48 554,003 486,943 80,821 400,184 21,155,493 $ 5,058,157 760 55,181,588 65,037 18,512 $ 770,262 25,045 10,916 88,840 819,981 227,259 75,000 63,733 17,456 429,000 34,587 162,290 18,728 908 4,427 2,952 16,997 179,057 62,179 1,000 47,816 977,507 60,000 941,843 1,240 5,611,412 HIGHWAYS AND STREETS 115th Ave Bridge At Gila River 43rd Ave: Southern To Broadway 51st Ave at Pecos Road 51st Ave: Broadway - Baseline 7thst:Carefreehwy-Desert Hills 99th Ave: Mcdowell - Glendale Alma Sch:Mclellan - Mckellips Aztch Smart Corridors Ph Iii Baseline Road at 67th Avenue Bell Rd At R H Johnson Bell Rd: Sr 303 -L101 Its Imp Bell Rd:Sr303L /Grand Av (Its) Broadway Road At 67th Avenue Brown Road At Crimson Road Brown Road At Signal Butte Rd Buckeye: Row Improv South I-10 Bush Hwy: Usery - Stewart Mtn 797,500 2,160,000 10,000 500 500 5,000 197,000 310,000 310,000 27,000 220 500 2,435,395 261,000 1,000 201,035 10,000 62,000 1,820,000 65,400 3,575 25,450 120,000 155,000 170,000 455,000 1,500 72,000 $ 474 2,415,614 224,967 158,041 7,335 1,697,526 45,911 2,215 17,332 67,565 23,002 31,849 393,448 48,941 $ 26 19,781 36,033 1,000 42,994 10,000 54,665 122,474 19,489 1,360 8,118 52,435 131,998 138,151 61,552 1,500 23,059 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2008 Budgeted Amounts Final Original Actual Amounts Variance with Final Budget HIGHWAYS AND STREETS (CONT.) Camino Del Sol At Spanish Gdn Candidate Assessment Reports Carefree Highway at 7th Street Carefree Highway at 16th Street Carefree Hwy at 24th Street Cave Crk Lone Mt- Crfree Hwy Chand Hgts At Sanoki Wash Chand Hgts: Culver At E Canal Chandler Hts Rd @ 124th St Cotton Ln Bridge @ Gila River Deer Valley: El Mirage To Lk P Del Webb Blvd At 99th Ave Desert Hills @ Skunk Creek Dobson Rd Bridge @ Salt River Dynamite Blvd: Cc Rd – 56th St El Mirage : Beardsley - Lp 303 El Mirage : Bell - Beardsley El Mirage:North'N/Bell Ellsworth German - Baseline Ellsworth Rd: Hunt Hwy - Riggs Ellsworth: Uiv - Mclellan Estrella Interim Loop 303Ii Galivan Pk: Cloud To Joy Rnch General Civil Engineering Gilbert Rd Lwc Flood Repair Gilbert Rd:Mcdowell - Sr 87 Indian Sch: Litchfield-Dysart Indian School at Beardsley Cnl Indian School Rd at 111th Avenue Indian School Rd Sig Mod Low Volume Roads Program Lower Buckeye Rd @ 67th Ave Lp 303 : Indian Sch -Clearview MC 85 @ Miller Rd MC 85 Ext: Sr 85 To Turner Rd MC 85: 107th Ave - 91St Ave MC 85: 91St Ave – 75th Ave MC 85: Cotton Ln-Estrella Pkwy MC 85 At Agua Fria/Fire Assess MC 85 at Baseline Road Mcdowell: Shoulders Widening Meeker At Camino Del Sol Meridian Rd Mingus At 25th Avenue Ne Maintenance Yard Northern Ave At El Mirage Rd Northern Ave At Reems Rd Northern Ave: Sr 303 To Grand Northern Avenue at Litchfield Road Ocotillo Rd: Eom - Palo Verde Old Stage: N Rvr - Coyote Pass Old Us 80 Bridge @ Gila River Olive At Litchfield Rd Olive At Reems Olive Ave @ Beardsley Canal Olive Ave At 114th Ave $ 420,000 2,400,000 10,000 10,000 500 3,122,500 88,800 16,800,000 1,380,000 175,000 10,000 1,600,000 65,000 50,000 10,000 500 830,000 500 160,000 550,000 6,015,000 10,000 342,100 10,000 155,000 4,643,750 50,000 40,000 270,000 10,000 595,000 430,000 710,000 680,000 587,500 30,000 10,000 830,000 100,000 275,000 221 $ 520,000 2,335,000 416,500 45,000 40,000 500 3,989,500 4,500 345,000 24,615,620 270,000 705,000 39,000 400,000 44,250 490,000 241,500 320,000 312,819 776,000 160,000 5,000 4,685,000 340,000 100,000 20,000 7,560,000 35,000 54,500 452,100 1,030,000 96,500 249,500 5,000 6,433,750 225,000 895,000 965,000 92,500 62,600 1,707,500 12,750 50,000 455,000 110,000 687,000 642,500 40,575 49,000 300,500 97,500 211,000 3,000 783,000 10,000 213,500 $ 398,255 1,985,702 399,456 37,811 36,683 3,436,869 278,255 17,349,123 352,098 524,565 33,677 353,070 410,578 156,499 282,721 170,640 785,357 135,412 1,831 3,493,839 140,858 112,582 951 6,176,580 295 16,206 270,305 1,161,092 87,760 191,387 116 4,245,637 98,591 618,668 262,233 63,713 39,479 1,437,619 853 6,587 365,656 46,305 641,993 594,186 24,778 26,915 300,282 227 141,447 753,055 193,962 $ 121,745 349,298 17,044 7,189 3,317 500 552,631 4,500 66,745 7,266,497 (82,098) 180,435 5,323 46,930 44,250 79,422 85,001 37,279 142,179 (9,357) 24,588 3,169 1,191,161 199,142 (12,582) 19,049 1,383,420 34,705 38,294 181,795 (131,092) 8,740 58,113 4,884 2,188,113 126,409 276,332 702,767 28,787 23,121 269,881 11,897 43,413 89,344 63,695 45,007 48,314 15,797 22,085 218 97,273 69,553 3,000 29,945 10,000 19,538 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2008 Budgeted Amounts Final Original Actual Amounts Variance with Final Budget HIGHWAYS AND STREETS (CONT.) Olive Ave At Agua Fria Peoria At Litchfield Rd Pinnacle Pk At 83Rd & 91St Ave Pm10 Program Pm10: (Ph4) In North Valley Pm10: (Ph4) In Se Valley Pm10: (Ph4) In Sw Valley Pm10: Box Bar & Needle Rock Pncl Pk: Lk Pleasnt - 83Rd Ave Power Rd: Elliot To Guadalupe Power Rd: Guadalupe - Baseline Project Reserves Account Prop Mgmt/Prior Years Projects Queen Crk Rd: Az Ave - Mcqueen R H Johnson At Meeker Rainbow Rd Bridge:Buckeye Cnl Riggs Rd @ Sr347 Riggs Rd At Sonoqui Wash Riggs Rd: Gilbert To Val Vista Riggs Road At Power Rd Riggs Road At Sossaman Road Riggs: Ellsworth To Meridian Rio Verde Dr: Forest To 136th Row In-Fill/Road Inventory Sys Signal Modernization Scw 3 Small Cities Assist Prog Special Projects Sr303 At Waddell Sun City Mill & Overlay: Ph 2 Sun Valley Pkway Pvmnt Repair Tip Development Traffic Signal Improvement 16 Traffic Signal Improvement 17 Traffic Signal Improvement 18 Traffic Signal Improvement 19 Traffic Signal Improvement 20 Unallocated Force Account Union Hills Drive At 99th Ave Union Hills Multi-Use Path Val Vista: Thomas To Southern Vinyard/143Rd Ave: Pir Warranted Traffic Improvements Westwind Parkway and Indian School Rd Williams Fld At Higley Williams Fld: Gilbert -Lindsay Total Highways and Streets $ $ 1,315,000 1,006,000 500 1,070,000 500 595,000 455,000 14,875,000 20,618,000 50,000 360,000 800,000 10,000 882,500 882,500 5,000 270,000 400,000 10,000 400,000 1,500,000 650,000 $ 1,377,184 376,000 240,000 405,000 1,000 456,600 10,000 810,000 60,000 98,605,934 222 $ 10,000 5,000 747,500 1,006,000 32,000 345,000 500 145,000 90,500 30,000 9,733,000 278,666 50,000 1,905,000 102,000 1,030,000 13,000 123,000 10,000 882,500 852,500 465,000 148,800 900,000 10,000 500,000 1,500,000 35,000 2,330,000 1,600,000 500,000 2,500 32,500 2,500 52,500 52,500 41,549 591,000 630,000 25,000 1,000 91,600 10,000 850,000 235,000 98,605,934 $ 140 $ 299,190 993,368 6,101 254,725 344 109,778 61,484 2,708 8,120,680 24,474 21,421 388,792 98,667 983,673 12,607 71,581 456 698,612 141,113 10,087 134,179 704,956 1,082 500,000 1,500,000 1,215 2,062,030 1,629,728 301,500 701 8,731 63 2,121 7,281 474,869 542,758 $ 42 87,160 1,359 824,406 91,940 74,953,101 $ 9,860 5,000 448,310 12,632 25,899 90,275 156 35,222 29,016 27,292 1,612,320 254,192 28,579 1,516,208 3,333 46,327 393 51,419 9,544 183,888 711,387 454,913 14,621 195,044 8,918 33,785 267,970 (29,728) 198,500 1,799 23,769 2,437 50,379 45,219 41,549 116,131 87,242 25,000 958 4,440 8,641 25,594 143,060 23,652,833 Financial Section Combining and Individual Fund Statements Internal Service Funds Internal Service Funds Maricopa County Listing of Internal Service Funds Internal Service Funds are used to account for services and commodities provided by one department or agency to other departments or agencies of the County. These services are provided on a cost-reimbursement basis. The following is a listing of the Internal Service Funds reported within Maricopa County. Equipment Services - This fund provides assistance to other Maricopa County departments to ensure quality service to the citizens of Maricopa County by furnishing and maintaining the necessary County mobile equipment in an efficient manner. Telecommunications - This fund provides cost effective voice, data, and radio communications to County employees. Reprographics - This fund provides the County’s printing and duplicating services. Risk Management - This fund supports the comprehensive insurance/self-insurance program, which safeguards County assets and employees by means of a Trust Fund. Personnel skilled in loss control, claims and litigation and workers’ compensation work together to avert risk and conserve the human and financial resources of Maricopa County. Employee Benefits Trust - This fund collects employee and employer contributions for payment of the employees’ medical, dental, pharmacy, and short-term disability benefits. Sheriff Warehouse - Sheriff Warehouse tracks inventory activity for supplies purchased by the warehouse for resale and stores consignment inventory for other departments. 225 Maricopa County Combining Statement of Net Assets All Internal Service Funds June 30, 2008 Equipment Services Telecommunications Reprographics ASSETS Current assets: Cash in bank and on hand $ Cash and investments held by County Treasurer 900 $ 1,111,472 200 $ 8,158,244 573,360 Receivables: Accounts Accrued Interest 50,397 Inventories 466,113 76,617 1,578,485 8,285,458 1,769,621 (1,593,630) 7,814,458 (4,447,400) 832,745 (366,113) 175,991 3,690,707 466,632 1,754,476 11,976,165 1,039,992 Accounts payable 692,713 1,588,300 33,391 Employee compensation payable 229,160 243,494 68,663 921,873 1,831,794 102,054 921,873 1,831,794 102,054 175,991 656,612 832,603 3,690,707 6,453,664 10,144,371 466,632 471,306 937,938 Prepaids Total current assets 573,360 Noncurrent assets: Capital assets: Buildings and improvements 323,649 Machinery and equipment Less accumulated depreciation Total noncurrent assets Total assets LIABILITIES Current liabilities: Accrued liabilities Due to other funds Liability for reported and incurred but not reported claims (current portion) Total current liabilities Noncurrent liabilities: Liability for reported and incurred but not reported claims Total noncurrent liabilities Total liabilities NET ASSETS Invested in capital assets, net of related debt Unrestricted (deficit) Total net assets (deficit) $ 226 $ $ Employee Risk Management $ 100 Benefits Trust $ 43,085,704 256,280 740,091 Sheriff Warehouse $ Total $ 741,291 51,411,483 104,340,263 2,155,995 2,155,995 310,800 1,482,692 115,270 44,824,776 54,733,639 617,477 1,273,715 1,816,445 1,597,962 1,273,715 111,269,433 323,649 108,666 (85,649) 63,407 (53,746) 10,588,897 (6,546,538) 23,017 9,661 4,366,008 44,847,793 54,743,300 1,273,715 115,635,441 1,079,364 1,546,714 22,379 4,962,861 125,563 182,179 849,059 3,258,229 24,568,575 10,546,651 25,773,502 15,533,773 1,264 3,259,493 719,868 719,868 35,115,226 743,511 44,906,507 33,503,519 33,503,519 33,503,519 33,503,519 59,277,021 23,017 (14,452,245) $ (14,429,228) $ 15,533,773 743,511 78,410,026 9,661 39,199,866 39,209,527 530,204 530,204 4,366,008 32,859,407 37,225,415 $ $ 227 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Assets All Internal Service Funds For the Fiscal Year Ended June 30, 2008 Equipment Services Telecommunications Reprographics OPERATING REVENUES Charges for services $ Miscellaneous Total operating revenues 17,352,863 6,275 $ 19,994,924 35,836 $ 914,609 17,359,138 20,030,760 914,609 OPERATING EXPENSES Personal services Supplies Other services 3,423,530 3,393,892 627,012 11,642,206 2,879,489 215,011 599,620 2,483,133 62,782 Legal Insurance 28,415 Leases and rentals 14,864 5,958 1,069,679 Repairs and maintenance 467,200 2,818,582 Travel and transportation 6,065 30,734 142,016 152,847 7,543,538 769,479 77,461 16,467,857 20,988,526 1,105,010 Utilities Depreciation Total operating expenses Operating income (loss) 891,281 107,880 (957,766) (190,401) NONOPERATING REVENUES (EXPENSES) Investment income 293,998 Interest expense (17,410) (436) (18,430) (3,388) (17,410) 275,132 (3,388) 873,871 (682,634) (193,789) Loss on disposal of capital assets Total nonoperating revenues (expenses) Income (loss) before contributions and transfers Capital contributions 339,782 (683,363) Transfers out Change in net assets 873,871 (1,026,215) Total net assets (deficit) – beginning (41,268) 11,170,586 Total net assets (deficit) – ending $ 832,603 228 $ 10,144,371 (193,789) 1,131,727 $ 937,938 Employee Risk Management $ 38,272,014 557,129 Benefits Trust $ 122,704,164 101,675 38,829,143 122,805,839 1,727,685 2,051,888 323,901 945,337 Sheriff Warehouse $ 2,865,581 Total $ 202,104,155 700,915 2,865,581 202,805,070 84,483 2,787,585 17,932,675 7,524,301 63,239 11,678,412 11,224,007 7,734,415 7,734,415 18,298,916 109,774,143 128,116,338 1,075,637 3,393,662 36,799 7,685,554 1,014,028 9,655 4,586 29,039,909 119,439,401 2,850,824 189,891,527 9,789,234 3,366,438 14,757 12,913,543 1,794,786 2,587,109 4,675,893 (17,846) (21,818) 1,794,786 2,587,109 11,584,020 5,953,547 4,636,229 14,757 17,549,772 14,247 (3,000,000) $ 354,029 (3,683,363) 11,584,020 2,967,794 14,757 14,220,438 (26,013,248) 36,241,733 515,447 23,004,977 (14,429,228) $ 39,209,527 $ 530,204 229 $ 37,225,415 Maricopa County Combining Statement of Cash Flows All Internal Service Funds For the Fiscal Year Ended June 30, 2008 Equipment Services CASH FLOWS FROM OPERATING ACTIVITIES Charges for services Other receipts Payments for goods and services Payments for personal services Net cash provided by (used for) operating activities $ 17,352,863 Telecommunications $ 6,275 $ 914,609 35,836 (12,919,832) (3,476,934) (16,138,288) (3,444,740) 962,372 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Cash transfers to other funds Interest payments Loan payments to General Fund Net cash provided by (used for) noncapital financing activities 19,994,924 Reprographics (426,921) (618,790) 447,732 (131,102) (851,883) (91,036) (17,410) (17,410) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Capital lease payments Interest payments on long-term debt Net cash used for capital and related financing activities (98,909) (54,501) (436) (98,909) (906,820) CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities (91,036) 283,171 283,171 Net increase (decrease) in cash and cash equivalents 846,053 (175,917) 266,319 Cash and cash equivalents, July 1, 2007 Cash and cash equivalents, June 30, 2008 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY (USED FOR) BY OPERATING ACTIVITIES: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities Depreciation expense Liability for reported and incurred but not reported claims – noncurrent Changes in assets [(increase)/decrease] and liabilities [increase/(decrease)]: Accounts receivable Inventories Prepaids Accounts payable Employee compensation payable Accrued liabilities Liability for reported and incurred but not reported claims - current $ 1,112,372 $ $ 891,281 $ 152,847 SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES: Accumulated depreciation from disposed capital assets Machinery and equipment disposed Loss on disposal of capital assets Capital contributions Capital assets transferred from governmental activities Capital assets transferred to governmental activities Transfer out capital assets to governmental activities Accumulated depreciation transferred from governmental activities $ 8,158,444 (957,766) $ 573,360 $ (190,401) 77,461 2,550 30,984 684,317 (26,384) (53,404) (50,848) 8,222 962,372 $ 127,881 $ (127,881) 447,732 $ 206,100 $ (224,530) 18,430 (339,782) 339,782 (683,363) 683,363 230 795,498 769,479 (59,336) $ Net cash provided by (used for) operating activities (222,138) 8,334,361 (131,102) 252,456 (255,844) 3,388 Employee Benefits Trust Risk Management $ 38,272,014 $ 557,129 121,684,820 Sheriff Warehouse $ 2,865,581 Total $ 101,675 (27,078,593) (1,747,777) 700,915 (111,543,476) (2,015,603) 10,002,773 201,084,811 (3,025,135) (171,132,245) (11,303,844) 8,227,416 (159,554) 19,349,637 (3,000,000) 719,868 (2,280,132) (17,410) (560,314) (560,314) (3,000,000) 159,554 (2,857,856) (21,715) (1,063,543) (54,501) (436) (21,715) (1,118,480) 1,742,835 2,549,641 4,575,647 1,794,786 2,587,109 4,575,647 11,723,893 7,777,057 19,948,948 31,361,911 44,374,517 85,132,606 $ 43,085,804 $ 52,151,574 $ $ 9,789,234 $ 3,366,438 $ 9,655 14,757 $ 105,081,554 $ 12,913,543 4,586 1,014,028 (2,509,463) (2,509,463) (1,019,344) 134,612 (18,078) (4,899,554) 257,556 (5,317,682) (20,092) 36,285 (79,837) 2,693,606 8,340,583 2,851,538 10,002,773 (212,378) 122,944 (252,711) $ (1,019,344) (155,592) $ 8,227,416 $ (641) $ (159,554) 2,692,965 11,192,121 $ $ 19,349,637 586,437 (608,255) 21,818 (14,247) (354,029) 63,407 403,189 (683,363) 683,363 (49,160) (49,160) 231 232 Financial Section Agency Fund Agency Fund Maricopa County Listing of Agency Fund Agency Funds are used to account for assets held by the County in a fiduciary capacity or as an agent for individuals, private organizations, other governments and/or other funds. The County maintains an Agency Fund, which is not under the control of the Board of Supervisors. The Agency Fund is custodial in nature and does not involve measurement of results of operations. AGENCY FUND Special Purpose - The Special Purpose Fund accounts for receipts, which are designated for special purposes and are not related to an individual governmental unit. 235 Maricopa County Statement of Changes in Assets and Liabilities Agency Fund For the Fiscal Year Ended June 30, 2008 Balance Balance July 1, 2007 Additions Deductions June 30, 2008 SPECIAL PURPOSE Assets Cash in bank and on hand Total assets $ 37,023,998 $ 6,135,469 $ $ 43,159,467 $ 37,023,998 $ 6,135,469 $ $ 43,159,467 Liabilities Deposits held for other parties Total liabilities $ 37,023,998 $ 6,135,469 $ $ 43,159,467 $ 37,023,998 $ 6,135,469 $ $ 43,159,467 236 STATISTICAL SECTION Maricopa County Listing of Statistical Information Contents Page Financial Trends Information These schedules contain trend information to help the reader understand how the County’s financial performance and well-being have changed over time. 240 Net Assets by Component Changes in Net Assets Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Revenue Capacity 246 These schedules contain information to help the reader assess the County’s most significant local revenue source, the property tax. Tax Revenues by Source, Governmental Funds Assessed Value and Estimated Market Value of Taxable Property Direct and Overlapping Property Tax Rates Principal Property Tax Payers Property Tax Levies and Collections Debt Capacity 251 These schedules present information to help the reader assess the affordability of the County’s current levels of outstanding debt and the County’s ability to issue additional debt in the future. Ratios of Outstanding Debt by Type Legal Debt Margin Information Pledged Revenue Coverage Demographic and Economic Information 254 These schedules offer demographic and economic indicators to help the reader understand the environment within which the County’s financial activities take place. Demographic and Economic Statistics Principal Employers Operating Information 256 These schedules contain service and infrastructure data to help the reader understand how the information in the County’s financial report relates to the services the County provides and the activities it performs. Budgeted Full-Time Equivalent County Employees by Function/Program Operating Indicators by Function/Program Capital Asset Statistics by Function/Program 239 Maricopa County Net Assets by Component Last Seven Fiscal Years (accrual basis of accounting) Fiscal Year NET ASSETS 2001-02 2002-03 2003-04 2004-05 Invested in capital assets, net of related debt $ 1,259,210,540 $ 1,529,060,770 $ 1,811,332,732 $ 2,345,910,917 Restricted 321,969,019 222,913,694 $ 1,804,093,253 234,284,414 441,241,848 $ 2,204,587,032 204,462,971 397,555,149 $ 2,413,350,852 $ 260,495,040 456,714,660 3,063,120,617 $ 81,077,781 $ 75,738,774 $ 72,392,695 $ 1,388,358 $ 53,752,904 (8,089,795) 126,740,890 $ 43,997,578 6,410,491 126,146,843 $ 16,320,660 19,709,472 108,422,827 $ 7,277 (26,237,718) (24,842,083) $ 2,347,299,275 $ 260,502,317 430,476,942 3,038,278,534 Governmental activities Unrestricted Total governmental activities net assets Business-type activities Invested in capital assets, net of related debt Restricted Unrestricted Total business-type activities net assets Primary government Invested in capital assets, net of related debt $ 1,340,288,321 $ 1,604,799,544 $ 1,883,725,427 Restricted 375,721,923 214,823,899 $ 1,930,834,143 278,281,992 447,652,339 $ 2,330,733,875 220,783,631 417,264,621 $ 2,521,773,679 Unrestricted Total primary government net assets Fiscal Year NET ASSETS 2005-06 2006-07 2007-08 $ 2,443,905,934 $ 2,488,280,795 $ 2,542,165,396 345,147,265 437,856,827 526,220,283 Governmental activities Invested in capital assets, net of related debt Restricted 561,333,573 686,000,889 772,807,989 $ 3,350,386,772 $ 3,612,138,511 $ 3,841,193,668 $ $ $ Unrestricted Total governmental activities net assets Business-type activities Invested in capital assets, net of related debt 7,556 Restricted $ (3,307,467) 1,860,630 7,691 (3,486,686) (4,568,970) Unrestricted Total business-type activities net assets 1,253,947 $ (1,618,365) $ Primary government $ 2,445,159,881 $ 2,490,141,425 Restricted 345,154,821 437,864,518 526,220,283 Unrestricted 556,764,603 682,514,203 772,807,989 $ 3,347,079,305 $ 3,610,520,146 $ 3,841,193,668 Invested in capital assets, net of related debt Total primary government net assets $ 2,542,165,396 Prior to fiscal year 2001-02, the schedule of net assets by component is not available due to the initial year of GASB Statement No. 34 presentation. 240 Maricopa County Changes in Net Assets Last Seven Fiscal Years (accrual basis of accounting) 2001-02 2002-03 2003-04 Fiscal Year 2004-05 2005-06 Expenses Governmental activities: General government (1) Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt $ 133,357,097 490,943,644 52,464,778 304,220,867 25,453,164 16,675,171 11,557,524 $ 181,265,791 506,600,904 51,016,886 335,607,743 27,488,028 17,386,261 11,446,165 $ 185,518,463 581,443,588 44,392,614 332,380,442 27,963,450 19,170,903 8,249,310 $ 176,430,887 685,762,001 63,014,453 439,784,002 33,068,497 18,397,229 7,827,876 $ 185,628,267 782,136,857 70,418,156 433,776,254 32,596,971 20,220,846 7,763,995 $ 211,473,080 $ 864,907,381 132,992,498 464,255,008 36,196,645 15,687,335 6,254,330 Total governmental activities expenses 1,034,672,245 1,130,811,778 1,199,118,770 1,424,284,945 1,532,541,346 1,731,766,277 340,556,596 366,425,283 371,991,804 168,986,980 93,168,287 241,654,207 109,142,148 232,991,015 167,346,474 273,164,762 132,314,013 252,178,102 66,767,140 75,004,905 82,737,548 639,546 742,785,776 1,615,848 785,179,199 1,336,866 896,577,454 Business-type activities: Medical Center AHCCCS — Acute Health Care program AHCCCS— ALTCS program Non-AHCCCS health care programs (Senior Select) Solid Waste Management Other business-type activities Total business-type activities expenses Total primary government expenses Program Revenues Governmental activities: Charges for services: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Operating grants and contributions Capital grants and contributions Total governmental activities program revenues Business-type activities: Charges for services: Medical Center AHCCCS — Acute Health Care program AHCCCS— ALTCS program Non-AHCCCS health care programs (Senior Select) Solid Waste Management Other business-type activities Operating grants and contributions Capital grants and contributions Total business-type activities program 2006-07 2007-08 182,868,340 965,934,762 143,367,655 383,885,390 38,751,304 14,687,029 10,347,354 1,739,841,834 40,048,082 56,657,239 2,400,374 29,911,332 583,390,427 334,354 591,472 925,826 99,105,695 $1,777,458,021 $1,915,990,977 $2,095,696,224 $2,007,675,372 $1,631,647,041 $1,732,692,103 $ 1,739,841,834 $ $ $ 24,457,239 81,687,973 1,451,293 22,917,356 8,358,894 3,057,546 281,170,304 2,712,908 26,357,344 71,880,262 1,563,228 24,243,241 8,461,408 2,714,129 304,923,484 44,322,271 $ 26,589,393 78,288,469 1,769,524 26,745,928 8,546,372 4,146,571 294,296,698 18,917,753 $ 37,213,997 84,213,640 6,550,179 28,100,481 8,954,896 2,383,943 382,416,458 39,017,299 $ 45,332,986 102,807,289 12,380,453 33,726,958 9,378,993 82,561 393,375,512 42,537,895 34,852,251 $ 95,402,079 12,756,421 36,933,502 4,213,017 818,977 443,607,678 47,256,549 30,942,935 160,282,028 19,009,650 48,326,397 14,216,206 687,074 263,428,112 68,386,096 639,622,647 675,840,474 605,278,498 29,801,116 53,842,048 908,814 969,493 425,813,513 484,465,367 459,300,708 588,850,893 291,946,393 334,310,122 380,554,715 158,640,394 100,104,747 252,343,614 115,846,532 240,083,167 138,274,739 234,370,191 117,680,705 220,784,342 64,169,238 70,518,591 59,656,677 360,864 667,376 44,860 6,272,958 106,470 6,959,432 21,213,776 2,501,372 19,944 520,840,533 84,004,028 2,545,683 714,881,810 767,824,314 230,389 6,681,898 9,833 819,778,442 Total primary government program revenues $1,140,695,323 $1,252,289,681 $1,279,079,150 $1,109,691,426 $ 723,626,675 Net (Expense)/Revenue Governmental activities Business-type activities $(608,858,732) (27,903,966) $(646,346,411) (17,354,885) $(739,818,062) (76,799,012) $(835,464,052) (62,549,894) $(892,918,699) $(1,055,925,803) $(1,134,563,336) (15,101,667) 1,619,857 Total primary government net expense $(636,762,698) $(663,701,296) $(816,617,074) $(897,983,946) $(908,020,366) $(1,054,305,946) $(1,134,563,336) 241 $ 678,386,157 $ 605,278,498 Maricopa County Changes in Net Assets (Continued) 2001-02 2002-03 2003-04 Fiscal Year 2004-05 2005-06 $ 269,753,187 $ 295,627,499 $ 328,580,647 $ 357,712,304 $ 388,190,146 Property taxes, levied for Flood Control District 44,775,297 44,302,535 50,702,924 56,093,885 Property taxes, levied for Library District 9,690,800 10,369,080 14,414,827 20,250,715 325,728,202 19,708,786 330,260,143 Sales tax – Jail construction and operation 98,177,716 Surcharge tax – Stadium District Vehicle license tax 5,407,664 106,115,829 8,700,138 29,404,833 2006-07 2007-08 General Revenues and other Changes in Net Assets Governmental activities: Taxes Property taxes, levied for general purposes Property taxes, levied for debt service Share of state sales taxes Grants and contributions not restricted to specific programs Unrestricted investment earnings Gain on disposal of capital assets (1) Miscellaneous Transfers Total governmental activities Business-type activities: Unrestricted investment earnings Gain (loss) on disposal of capital assets Miscellaneous Special item – loss on closure of business activity Transfers Total business-type activities 10,627,773 (25,752,045) 902,880,109 6,359,401 (103,280) 1,972,145 $ 413,294,370 $ 449,499,249 61,763,471 65,513,238 69,462,089 15,796,618 17,366,792 18,390,885 19,473,450 19,267,865 358,056,954 397,712,843 457,785,985 480,411,950 460,958,772 98,932,138 107,441,209 119,143,064 137,876,660 145,389,597 138,063,948 5,240,032 110,603,659 5,556,717 116,054,332 6,024,355 122,637,827 6,498,814 138,003,052 6,288,093 143,543,618 6,132,465 139,312,595 1,725,495 16,507,950 13,346,055 3,061,600 (16,531,668) 933,153,304 1,775,295 8,626,732 21,601,858 3,915,244 (58,278,148) 977,716,456 1,813,162 20,995,575 1,858,155 29,479,569 1,844,364 55,405,747 1,814,394 72,729,140 13,558,451 (43,435,540) 1,208,945,555 10,346,066 6,098,668 1,346,526,596 11,474,763 447,790 6,883 12,914 684,104 169,932 43,435,540 43,903,127 (6,098,668) (5,244,632) 2,594,524 796,848 58,278,148 59,074,996 4,262,227 (37,047,610) 1,065,144,250 1,002,779 (108,765,405) 37,047,610 (70,715,016) 1,368,920,865 25,752,045 33,980,311 16,531,668 19,126,192 Total primary government $ 936,860,420 $ 952,279,496 $1,036,791,452 $ 994,429,234 $1,252,848,682 $1,341,281,964 $1,368,920,865 Change in Net Assets Government activities Business-type activities $ 294,021,377 6,076,345 $ 286,806,893 1,771,307 $ 237,898,394 (17,724,016) $ 229,710,198 (133,264,910) $ 316,026,856 28,801,460 $ 290,600,793 $ (3,624,775) 234,357,529 Total primary government $ 300,097,722 $ 288,578,200 $ 220,174,378 $ 96,445,288 $ 344,828,316 $ 286,976,018 $ 234,357,529 Prior to fiscal year 2001-02, the changes in net assets are not available due to the initial year of GASB Statement No. 34 presentation. (1) Beginning fiscal year 2007, general government expenses include loss on disposal of capital assets. This amount was previously shown separately within general revenues on the Statement of Activities. For comparison purposes, for fiscal years 2002, 2005 and 2006, loss on disposal of capital assets was reclassified on this schedule into general government. 242 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1998-99 1999-00 2000-01 2001-02 2002-03 General Fund Reserved Unreserved Total general fund $ 4,321,620 140,716,861 $ 145,038,481 $ 6,368,458 154,436,197 $ 160,804,655 $ 4,416,236 156,786,153 $ 161,202,389 $ 5,083,202 249,039,062 $ 254,122,264 $ 3,834,312 288,822,823 $ 292,657,135 $ $ $ $ $ All Other Governmental Funds Reserved 2,435,938 1,021,537 1,194,925 23,515,381 24,618,711 Unreserved, reported in: Special revenue funds 159,549,660 143,167,692 119,080,975 153,208,886 156,611,561 Capital projects funds 25,130,369 156,797,383 $ 187,115,967 $ 300,986,612 242,663,698 123,383,762 $ 486,323,360 145,345,468 97,344,273 $ 419,414,008 120,430,525 81,674,429 $ 383,335,226 Debt service funds Total all other governmental funds 2003-04 Fiscal Year 2005-06 2004-05 2006-07 2007-08 General Fund Reserved Unreserved Total general fund $ 2,400,780 315,905,112 $ 318,305,892 $ $ $ 3,281,552 427,995,902 431,277,454 $ $ $ 25,557,789 539,621,335 565,179,124 $ 23,602,714 $ $ $ 26,503,298 444,964,280 471,467,578 $ 21,465,733 512,125,107 533,590,840 $ 22,460,845 $ 23,388,690 $ 24,144,860 $ $ $ All Other Governmental Funds Reserved 22,498,657 Unreserved, reported in: Special revenue funds 187,646,410 192,187,526 259,363,049 306,244,082 339,553,123 Capital projects funds 108,561,138 74,332,552 $ 393,038,757 129,612,546 36,643,487 382,046,273 115,785,803 18,808,809 416,418,506 447,826,380 18,495,336 795,954,488 490,257,680 15,265,958 869,221,621 Debt service funds Total all other governmental funds 243 Maricopa County Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1999-00 1998-99 2000-01 2001-02 Revenues Taxes $ Licenses and permits 273,423,421 $ 296,029,480 $ 316,624,353 $ 343,037,203 17,067,513 22,187,021 23,688,768 26,106,311 659,408,934 783,237,358 803,712,695 831,668,101 Charges for services 57,287,860 62,026,284 65,836,359 68,770,386 Fines and forfeits 13,426,857 14,583,372 14,908,415 15,776,099 Intergovernmental Special assessment Miscellaneous 46,279,528 49,295,439 65,397,496 69,879,317 Total revenues 1,066,894,113 1,227,358,954 1,290,168,086 1,355,237,417 Expenditures General government Public safety Highway and streets Health, welfare and sanitation 92,526,980 91,629,129 101,678,589 99,265,465 364,823,901 422,453,691 459,487,297 481,843,123 52,048,136 55,450,402 59,803,451 55,240,772 353,141,055 278,987,186 295,158,694 311,510,932 Culture and recreation 13,339,246 15,302,763 16,312,843 17,651,564 Education 13,627,432 17,853,463 16,552,929 16,560,263 Principal 22,805,407 23,808,586 24,091,044 39,618,137 Interest 10,279,203 7,908,121 7,677,328 10,271,627 149,600,384 181,400,888 229,743,778 1,179,102 294,010,771 1,072,191,744 1,094,794,229 1,210,505,953 1,327,151,756 (5,297,631) 132,564,725 79,662,133 28,085,661 Debt service Other Capital outlay Total expenditures Excess of revenues over (under) expenditures Other financing sources (uses) Transfers in 112,033,812 259,159,435 321,948,526 243,650,675 Transfers out (44,192,804) (268,494,193) (342,528,925) (269,402,720) 11,320,208 4,542,153 Capital lease agreements Proceeds from bond issuance 617,869 165,830 9,843,870 111,095,706 78,450,670 Premium on refunding bonds 3,541,257 Payment to escrow agent (77,980,850) Loan Proceeds 79,779,085 Total other financing sources (uses) Net change in fund balances $ 74,481,454 (4,792,605) $ 127,772,120 90,681,137 $ 170,343,270 (11,897,098) $ 16,188,563 Debt service as a percentage of non capital expenditures 3.6% 3.5% 244 3.2% 4.9% Fiscal Year 2002-03 $ 474,876,462 2003-04 $ 524,751,335 2004-05 $ 2005-06 556,751,810 $ 601,231,444 2006-07 $ $ 672,237,546 28,192,974 31,629,382 34,765,632 42,266,662 40,078,842 40,434,059 745,697,718 778,964,259 904,156,166 1,025,737,248 1,105,841,984 904,588,701 66,499,607 71,682,924 74,735,757 86,925,888 87,668,832 153,431,323 16,326,795 17,166,377 21,855,377 23,366,008 31,641,869 32,061,172 3,625,508 59,899,212 3,584,883 48,974,704 3,536,133 56,838,888 3,770,790 69,589,514 3,929,786 105,465,489 5,284,808 110,992,618 1,395,118,276 1,476,753,864 1,652,639,763 1,852,887,554 2,015,002,416 1,919,030,227 114,241,982 118,226,772 130,064,711 131,031,069 173,121,467 173,285,719 493,435,114 563,716,985 636,868,683 733,244,452 813,297,449 882,964,097 44,226,114 41,549,321 48,811,843 47,763,048 56,087,569 54,885,932 331,752,530 331,028,006 437,845,805 430,614,292 461,668,854 378,763,080 19,388,797 19,587,482 22,146,913 24,625,293 28,283,735 30,186,081 17,268,012 18,815,487 18,014,621 18,885,218 15,218,331 14,677,474 34,071,393 35,159,141 15,677,059 18,780,267 16,297,518 15,607,476 10,423,785 8,828,297 8,592,525 8,497,208 6,030,238 11,441,406 315,588,133 266,757 248,465,695 11,870 205,929,785 17,508 232,922,515 1,460,467 301,383,004 5,250 278,993,140 1,380,395,860 1,385,643,943 1,523,963,815 1,646,380,870 1,872,848,632 1,840,809,655 14,722,416 91,109,921 128,675,948 206,506,684 142,153,784 78,220,572 386,029,678 295,868,643 346,549,747 314,004,599 791,514,765 389,617,546 (402,561,346) (358,012,976) (395,058,179) (357,440,139) (785,416,097) (386,617,546) 6,333,484 8,384,655 9,395,689 25,720,244 29,953,944 15,598,262 12,000,000 3,000,000 140,940,000 (10,605,000) (34,414,011) 1,217,018 10,106,857 (41,644,851) 141,158,007 43,060,801 4,321,656 457,156 1,596,088 (12,353,671) (12,210,012) $ 640,375,614 2007-08 2,512,404 4.2% (52,109,102) $ 39,000,819 3.9% (28,123,777) $ 100,552,171 1.8% $ 164,861,833 1.9% 245 $ 283,311,791 1.5% $ 121,281,373 1.7% Maricopa County Tax Revenues by Source, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 1998-99 $ General State Vehicle Highway Baseball Property Taxes Sales Tax License Tax User Fuel Tax Stadium Tax 273,423,421 $ 279,812,954 $ 84,021,288 $ 72,392,313 $ 386,396 1999-00 296,029,480 309,009,200 94,431,066 77,317,632 258,303 2000-01 316,624,353 322,429,593 100,019,454 78,243,269 278,259 2001-02 343,037,203 325,728,202 106,115,829 78,285,210 128,498 2002-03 370,704,292 330,260,143 110,603,659 82,153,376 96,555 2003-04 411,753,409 358,056,954 123,937,327 86,598,735 84,018 2004-05 431,584,391 397,712,843 130,947,139 90,566,135 61 2005-06 456,855,970 457,785,985 147,366,085 96,972,512 5,294 2006-07 468,697,924 480,411,950 153,262,719 107,593,116 1,938 2007-08 528,041,133 460,958,772 148,862,871 102,751,593 1,160 93.1% 64.7% 77.2% 41.9% Change 1999-2008 Rental Fiscal Year 1998-99 Street Car Surcharge $ 5,428,828 (99.7)% Jail Tax $ 41,480,614 Lighting Assessments $ 2,809,062 Total Revenues $ 759,754,876 1999-00 5,722,238 91,984,716 1,934,600 876,687,235 2000-01 5,637,184 97,752,375 3,612,549 924,597,036 2001-02 5,407,664 98,177,716 3,505,969 960,386,291 2002-03 5,240,032 98,932,138 3,471,253 1,001,461,448 2003-04 5,556,717 107,441,209 3,425,632 1,096,854,001 2004-05 6,024,355 119,143,064 3,430,588 1,179,408,576 2005-06 6,493,520 137,876,660 3,770,790 1,307,126,816 2006-07 6,286,155 145,389,597 3,929,786 1,385,573,185 2007-08 6,131,305 138,063,948 5,284,808 1,390,095,590 12.9% 232.8% 88.1% Change 1999-2008 83.0% The Vehicle License Tax for fiscal year 1998-99 and all subsequent years, have a combined amount from the General and Transportation Funds. The Baseball Stadium Tax ended in November 1997, but small amounts continue to be remitted on delinquent tax returns. The Jail Tax was approved by the voters in the General Election on November 3, 1998. The change in Jail Tax is calculated from fiscal year 1999. 246 Maricopa County Assessed Value and Estimated Market Value of Taxable Property Last Ten Fiscal Years (in thousands of dollars) Property Values Fiscal Assessed Total Total Secured Total Assessed Year Direct and Unsecured Value as a Ended June 30, Secured Tax Rate Estimated Market Value Percentage of Total Estimated Market Value 1998-99 $ 15,891,850 $ 1999-00 17,749,278 2000-01 Unsecured Total 921,167 $ 16,813,017 1.6475 927,553 18,676,831 1.6248 142,792,237 13.1 19,813,298 1,064,418 20,877,716 1.5748 160,906,987 13.0 2001-02 21,748,902 1,164,233 22,913,135 1.5448 180,653,046 12.7 2002-03 23,303,509 1,153,538 24,457,047 1.5448 194,235,322 12.6 2003-04 26,405,899 1,072,089 27,477,988 1.5448 226,293,568 12.1 2004-05 28,811,532 1,255,455 30,066,987 1.4748 245,835,672 12.2 2005-06 31,886,842 1,310,377 33,197,219 1.4611 273,817,028 12.1 2006-07 34,922,001 1,372,693 36,294,694 1.4348 301,474,323 12.0 2007-08 48,136,309 1,398,265 49,534,574 1.2970 431,682,163 11.5 $ 128,171,305 13.1% Secured and Unsecured assessed property values and estimated market values are determined each calendar year. The tax rates st are applicable beginning July 1 of the next fiscal year. The Board of Supervisors approves the tax rates on the third Monday of August. Source: Maricopa County Department of Finance – Property Tax Division. 247 Maricopa County Direct and Overlapping Property Tax Rates Last Ten Fiscal Years County Direct Rates General Obligation Flood County Fiscal Year County Operating Debt Service Control District Library District Total Direct 1998-99 1.1472 0.1312 0.3270 0.0421 1.6475 1999-00 1.1884 0.1085 0.2858 0.0421 1.6248 2000-01 1.1641 0.1152 0.2534 0.0421 1.5748 2001-02 1.1832 0.0876 0.2319 0.0421 1.5448 2002-03 1.2108 0.0800 0.2119 0.0421 1.5448 2003-04 1.2108 0.0700 0.2119 0.0521 1.5448 2004-05 1.2108 0.0000 0.2119 0.0521 1.4748 2005-06 1.1971 0.0000 0.2119 0.0521 1.4611 2006-07 1.1794 0.0000 0.2047 0.0507 1.4348 2007-08 1.1046 0.0000 0.1533 0.0391 1.2970 Overlapping Rates Central Arizona State Fiscal Year of Arizona Water Other Community Education Equalization Conservation District Special Districts College District School Districts Cities 1998-99 0.0000 0.5300 0.1400 0 - 3.4931 1.1125 .1141 - 10.6396 0 1999-00 0.0000 0.5217 0.1400 0 - 2.9871 1.1285 .2751 - 10.0452 0 - 2.2011 - 2.2512 2000-01 0.0000 0.5123 0.1300 0 - 3.3260 1.1194 .1186 - 9.4925 0 - 2.0816 2001-02 0.0000 0.4974 0.1300 0 - 4.0000 1.1107 .1120 - 9.2148 0 - 2.2390 2002-03 0.0000 0.4889 0.1300 0 - 5.1000 1.1127 .4684 - 13.6519 0 - 2.0415 2003-04 0.0000 0.4717 0.1200 0 - 3.6500 1.0785 .7731 - 11.8075 0 - 2.6733 2004-05 0.0000 0.4560 0.1200 0 - 3.8600(1) 1.0372 1.0947 - 14.3477 0 - 2.4060 2005-06 0.0000 0.4358 0.1200 0 - 3.8600 1.0315 (1) 1.0182- 14.3301(1) 0 - 2.4275 (1) 2006-07 0.0000 0.0000 0.1200 0 - 3.8600 1.0646 0.8765 - 14.7188 0 - 2.9666 2007-08 0.0000 0.0000 0.1200 0 - 3.8600 0.9760 0.9413 - 8.7577 0 - 2.6736 Source: Maricopa County Department of Finance – Property Tax Division. All tax rates are per $100 assessed valuation. (1) Data updated in fiscal year 2007. 248 Maricopa County Principal Property Tax Payers Current Year and Nine Years Ago 2007-08 1998-99 Percentage of Percentage of Total County Taxpayer Arizona Public Service Company Secondary Valuation Rank Total County Assessed Value Secondary Valuation 1 2.09% 575,027,430 2 1.15 Qwest Corporation 394,396,605 3 0.79 Southwest Gas Corporation 161,622,822 4 0.32 89,147,118 8 0.53 Southern California Edison Co 150,585,967 5 0.30 252,439,921 4 1.50 El Paso Electric Co 127,268,095 6 0.25 259,757,709 3 1.54 Intel Corporation 122,524,021 7 0.24 29,701,634 13 0.18 136,403,626 6 0.81 Wal-Mart Stores Inc 98,990,554 8 0.20 Wells Fargo Bank 90,645,614 9 0.18 Target Corporation 85,070,379 10 0.17 Safeway Inc 79,759,356 11 0.16 Public Service Company Of New Mexico 73,711,472 12 0.15 Mesquite Power LLC 72,774,240 13 0.15 Panda Gila River LP 72,117,360 14 0.14 799,563,017 1 Assessed Value $ 1,045,102,029 Salt River Project $ Rank 4.76% Cox Communications Phoenix 65,013,172 15 0.13 Scottsdale Fashion Square Partnership 61,186,040 16 0.12 25,401,435 16 0.15 Southern Cal Public Pwr Auth (Palo Verde) 56,834,779 17 0.11 94,230,304 7 0.56 Freescale Semiconductor Inc 54,966,787 18 0.11 Metropolitan Life Insurance Company 47,278,109 19 0.09 JW Marriott Desert Ridge Resort & Spa 45,356,315 20 0.09 US West New Vector Group Inc 321,827,087 2 1.91 Motorola Computer Group, SPS, GEG 178,728,459 5 1.06 Los Angeles Dept. of Water and Power 68,423,576 9 0.41 A T & T/Wireless Service 43,302,972 10 0.26 Equity Residential Properties Trust 32,408,490 11 0.19 0.18 Phoenician Hotel 30,412,804 12 Southwest Co Wireless LP 28,886,568 14 0.17 Phoenix Newspapers Inc 27,895,506 15 0.17 McDonnell Douglas Realty & Helicopter 21,153,816 17 0.13 First American Tax Valuation 19,650,629 18 0.12 Shorenstein Co/Reality Investors LP 19,272,985 19 0.11 Mayo Clinic Plaza 19,244,606 20 0.11 Total Principal Taxpayers $ 3,480,231,146 Countywide Secondary Valuation $ 50,109,601,256 6.95% $ 2,497,852,262 $ 16,813,017,261 Source: Maricopa County Treasurer’s Office. 249 14.86% Maricopa County Property Tax Levies and Collections Last Ten Fiscal Years Collected within the Fiscal Year of the Levy Fiscal Year Levied Ended June 30, For the Fiscal Year 1998-99 Total Collections to Date County Tax $ Collections Amount Percentage of Levy 97.78% In Subsequent Years $ Amount Percentage of Levy 257,557,253 $ 251,828,489 4,954,781 $ 256,783,270 1999-00 279,978,758 272,985,725 97.50 4,495,253 277,480,978 99.11 2000-01 302,546,405 293,824,613 97.12 6,109,482 299,934,095 99.14 2001-02 327,717,255 315,788,529 96.36 7,649,178 323,437,707 98.69 2002-03 352,679,730 341,135,608 96.73 7,823,752 348,959,360 98.95 2003-04 392,827,196 383,224,353 97.56 7,474,847 390,699,200 99.46 2004-05 411,881,140 402,111,242 97.63 4,965,323 407,076,565 98.83 2005-06 451,253,280 438,441,057 97.16 8,185,769 446,626,826 98.97 2006-07 484,223,277 469,107,028 96.88 10,594,113 2007-08 519,814,623 503,200,873 96.80 479,701,141 99.07 503,200,873 96.80 Note: Collections to date may exceed 100%, as the initial amount levied is not updated to reflect any adjustments or exemptions arising from taxpayer disputes. County Tax Levied for the Fiscal Year Fiscal Year Ended June 30, 1998-99 County Operating $ 183,750,071 Flood Control District Debt Service $ 22,058,679 $ 44,670,223 County Library $ 7,078,280 Total County $ 257,557,253 1999-00 207,540,697 20,264,361 44,310,754 7,862,946 279,978,758 2000-01 225,396,514 24,051,128 44,309,245 8,789,518 302,546,405 2001-02 252,676,223 20,071,906 45,322,696 9,646,430 327,717,255 2002-03 277,949,612 19,565,638 44,868,063 10,296,417 352,679,730 2003-04 308,122,580 19,234,591 51,153,993 14,316,032 392,827,196 2004-05 339,882,099 0 56,334,141 15,664,900 411,881,140 2005-06 0 62,733,411 17,295,751 451,253,280 2006-07 371,224,118 398,725,245 0 67,096,622 18,401,410 484,223,277 2007-08 430,023,735 0 70,422,870 19,368,018 519,814,623 Source: Maricopa County Department of Finance – Property Tax Division. 250 99.70% Maricopa County Ratios of Outstanding Debt by Type Last Ten Fiscal Years General Bonded Debt Percentage Fiscal General of Assessed Year Ended June 30, Obligation Bonds Property Value (a) 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 $119,045,000 99,910,000 79,595,000 58,370,000 39,515,000 20,165,000 0 0 0 0 Per Capita (b) 0.71% 0.53 0.38 0.25 0.16 0.07 0.00 0.00 0.00 0.00 39.62 32.26 24.89 17.71 11.66 5.76 0.00 0.00 0.00 0.00 Other Governmental Activities Debt Fiscal Lease Lease Year Ended June 30, Revenue Bonds Trust Certificates 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 $ $ 104,355,000 104,355,000 91,558,756 93,569,383 101,101,501 81,188,067 181,245,043 173,670,000 10,812,000 9,212,000 6,812,000 4,612,000 Stadium Certificates District Rev. Bonds $ 60,824,685 57,629,259 55,107,043 58,225,000 57,225,000 55,225,000 52,735,000 50,050,000 47,230,000 44,270,000 Special Assessment $ 996,939 729,448 589,431 458,977 368,573 343,102 235,458 154,267 103,077 82,519 of Participation $ 20,667,686 17,222,210 13,575,118 9,804,315 5,808,084 0 5,500,000 5,115,000 4,715,000 4,295,000 Installment Capital Leases $17,633,952 18,121,511 14,225,356 19,442,376 19,414,905 10,820,105 13,507,633 16,312,891 33,039,132 50,093,644 Business -type Activities Fiscal Lease Certificates Installment Total Year Ended June 30, Revenue Bonds of Participation Purchase Agreements (d) Primary Government (c) $ 1,125,158 608,794 3,252,270 2,607,815 2,350,524 1,252,049 0 0 0 0 $ 221,351,994 199,887,393 303,024,071 285,532,002 245,167,454 203,910,257 184,827,345 162,615,360 273,379,974 277,023,162 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 $ 20,500,000 20,500,000 17,986,244 16,670,618 43,499 36,933 29,957 0 $ 1,058,574 5,666,171 11,824,853 11,768,519 10,940,368 5,865,000 0 0 0 0 Percentage of Assessed Property Value (a) 1.32% 1.07 1.45 1.25 1.00 0.74 0.61 0.49 0.75 0.56 Per Capita (b) 73.66 64.54 94.75 86.61 72.34 58.29 50.80 42.88 69.96 69.47 Note: Details regarding the County’s outstanding debt can be found in the notes to the financial statements. (a) See Assessed Value and Estimated Market Value of Taxable Property schedule for assessed property value data. (b) Population data can be found in the Demographic and Economic Statistics schedule. (c) Includes general bonded debt, other governmental activities, and business-type activities debt. (d) Prior to FY 2002, Installment Purchase Agreements include Capital Leases. 251 Purchase Agreements $ 892,254 546,202 205,765 0 Maricopa County Legal Debt Margin Information Last Ten Fiscal Years Fiscal Year 1998-99 1999-00 2000-01 2001-02 Total net general obligation debt $ 2,521,952,589 98,670,000 $2,801,524,627 79,595,000 $ 3,131,657,332 58,205,000 $ 3,436,970,172 57,596,083 $ 3,668,557,092 38,792,654 Legal debt margin $ 2,423,282,589 $2,721,929,627 $ 3,073,452,332 $ 3,379,374,089 $ 3,629,764,438 Debt limit 2002-03 Total net debt applicable to the limit as a percentage of debt limit 3.91% 2.84% 1.86% 1.68% 1.06% Fiscal Year 2003-04 2004-05 $ 4,510,048,001 $ 4,979,582,760 $ 5,444,204,040 $ 7,430,186,074 Total net general obligation debt $ 4,121,698,129 20,165,000 Legal debt margin $ 4,101,533,129 $ 4,510,048,001 $ 4,979,582,760 $ 5,444,204,040 $ 7,430,186,074 Debt limit 2005-06 2006-07 2007-08 Total net debt applicable to the limit as a percentage of debt limit 0.49% 0% 0% 0% 0% Legal Debt Margin Calculation for Fiscal Year 2007-08 Assessed Value Debt limit (15% of assessed value) $49,534,573,826 7,430,186,074 Debt applicable to limit: General obligation bonds Total net debt applicable to limit Legal debt margin $ 7,430,186,074 Note: The Arizona Constitution, Article 9, Section 8, states that a County may become indebted for an amount not to exceed fifteen percent of taxable property. 252 Maricopa County Pledged Revenue Coverage Last Ten Fiscal Years Stadium District Revenue Bonds Net Revenue Available Fiscal Year 1998-99 Gross Revenue $ 5,972,846 For Debt Service (1) $ 8,987,531 Debt Service Requirements Principal Interest Total $ 3,400,500 $ 3,381,131 $ Gross Coverage Net Coverage 6,781,631 88% 133% 1999-00 5,911,689 9,374,409 3,285,426 2,207,768 5,493,194 108% 171% 2000-01 5,909,719 9,743,378 2,607,216 3,078,606 5,685,822 104% 171% 2001-02 4,172,913 8,188,248 1,620,168 1,593,307 3,213,475 130% 255% 2002-03 5,565,801 8,658,371 1,000,000 2,945,548 3,945,548 141% 219% 2003-04 5,972,808 9,512,699 2,000,000 2,918,480 4,918,480 121% 193% 2004-05 6,533,419 10,320,528 2,490,000 2,873,964 5,363,964 122% 192% 2005-06 7,018,591 10,697,550 2,685,000 2,738,844 5,423,844 129% 197% 2006-07 6,838,436 10,702,495 2,820,000 2,604,374 5,424,374 126% 197% 2007-08 6,671,848 10,511,470 2,960,000 2,463,594 5,423,594 123% 194% Gross Coverage Net Coverage Special Assessment Bonds Net Revenue Available Fiscal Year 1998-99 Gross Revenue $ 352,643 For Debt Service (1) $ 145,149 Debt Services Requirements Principal Interest Total 339,284 104% 43% 1999-00 280,976 152,887 $ 269,907 208,160 $ 69,377 65,078 $ 273,238 103% 56% 2000-01 125,432 137,444 93,828 47,047 140,875 89% 98% 2001-02 320,841 195,439 223,211 39,635 262,846 122% 74% 2002-03 153,188 249,963 66,090 32,574 98,664 155% 253% 2003-04 158,646 295,985 85,577 27,047 112,624 141% 263% 2004-05 25,503 193,014 107,644 20,830 128,474 20% 150% 2005-06 60,481 157,670 81,191 14,634 95,825 63% 165% 2006-07 27,874 123,706 51,819 10,019 61,838 45% 200% 2007-08 56,579 146,962 26,711 6,612 33,323 170% 441% Note: Details regarding the outstanding debt can be found in the notes to the financial statements. (1) Net revenue available for debt service consists of gross revenues plus beginning fund balance less expenditures not covered by bond proceeds and all transfers not applicable to debt retirement. Fund balance is included in net revenue since it represents unexpended pledged revenues. 253 Maricopa County Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Year 1998-99 Fiscal Year 1999-00 Fiscal Year 2000-01 Fiscal Year 2001-02 Fiscal Year 2002-03 Unemployment Rate (June 30,) County 2.90% 2.30% 3.70% 5.00% 5.30% State 4.50% 4.00% 4.70% 6.00% 5.70% United States 4.30% 4.00% 4.60% 5.80% 6.30% Population/Income Statistics Income $ 80,924,901,000 $ 89,771,608,000 $ 93,544,549,000 $ 96,998,974,000 3,004,985 3,097,240 3,198,064 3,296,739 Population Per Capita $ 26,930 $ 28,984 $ 29,250 $ 29,423 $ 101,378,940,000 3,389,229 $ 29,912 Fiscal Year 2003-04 Fiscal Year 2004-05 Fiscal Year 2005-06 Fiscal Year 2006-07 Fiscal Year 2007-08 County 4.40% 4.10% 3.60% 2.90% 4.30% State 5.00% 4.70% 4.20% 3.40% 4.80% United States 4.60% 5.00% 4.60% 4.50% 5.50% $ 110,278,789,000 $ 120,716,738,000 (1) (1) (1) 3,498,347 3,638,481 3,792,675 3,907,492 3,987,942 (1) (1) (1) Unemployment Rate (June 30,) Population/Income Statistics Income Population Per Capita $ 31,523 $ 33,178 Source: Workforce Informer Arizona at www.workforce.az.gov for unemployment rate, population, income and per capita statistics. Note: Population, income and per capita are periodically updated by the Bureau of Economic Analysis, as reported by www.workforce.az.gov. As a result, income and per capita figures were adjusted for fiscal years 2000 through 2005 to reflect the most accurate estimates. (1) Income and per capita estimates were not yet available for fiscal years 2006, 2007 and 2008. 254 Maricopa County Principal Employers Current Year and Nine Years Ago 2008 1999 Percentage of Employer Employees Rank Total County Employment Percentage of Employees Rank Total County Employment State of Arizona 50,079 1 2.64% 63,961 1 4.18% Wal-Mart Stores, Inc. 30,174 2 1.59% 11,900 5 0.78% Banner Health Systems 17,020 3 0.90% City of Phoenix 14,453 4 0.76% 13,300 3 0.87% Maricopa County 14,057 5 0.74% 12,963 4 0.85% 10,772 6 0.70% 18,500 2 1.21% Samaritan Health Services 9,000 7 0.59% Allied Signal 9,000 7 0.59% American Express Co. 9,000 7 0.59% Banc One Corp. 9,000 7 0.59% Wells Fargo & Company 14,000 6 0.74% Arizona State University 12,727 7 0.67% Fry's Food and Drug Stores 11,780 8 0.62% U.S. Postal Services 11,000 9 0.58% Honeywell Aerospace 10,700 10 0.56% Motorola Total for Principal Employers Total Employment in Maricopa County 185,990 9.82% 1,894,500 167,396 10.93% 1,531,553 As of June 30 Source: The Business Journal, Book of Lists Workforce Informer Arizona at www.workforce.az.gov for total employed in Maricopa County. Difference in number of employees reported on this report for Maricopa County and the next report is due to the next report using budgeted full time employees. 255 Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Seven Fiscal Years Fiscal Year Function/Program General Government Board of Supervisors Call Center County Assessor County Manager Elections Facilities Management Finance Human Resources Information Technology Internal Audit Management and Budget Materials Management Other General Government Recorder Employee Health Initiatives Treasurer Public Safety Adult Probation Clerk of Superior Court Constables County Attorney Court System Emergency Management Flood Control Juvenile Probation Medical Examiner Planning & Development Public Fiduciary Sheriff Correctional Health Integrated Criminal Justice Info Highways and Streets Transportation Health, Welfare and Sanitation Air Quality (1) Animal Control Environmental Services Human Services Other Health, Welfare and Sanitation Public Health Solid Waste Culture and Recreation Library District Parks and Recreation Stadium District Education Superintendent of Schools 2001-02 2002-03 2003-04 2004-05 25 33 322 18 54 235 43 67 67 16 22 39 136 71 15 64 25 34 322 11 54 248 44 66 66 16 22 40 141 71 16 64 24 33 321 12 54 245 48 51 61 15 20 36 132 70 25 64 24 33 321 13 54 301 42 51 63 15 21 35 140 70 26 59 1,175 666 30 829 1,845 15 223 828 64 115 35 2,465 264 14 1,092 689 30 917 1,846 15 226 869 63 125 35 2,488 265 15 1,072 684 30 915 1,849 14 224 833 65 125 34 2,494 262 22 1,153 710 30 990 1,965 15 227 1,012 66 159 34 3,214 381 19 504 478 479 N/A 133 283 368 115 523 12 N/A 140 274 369 108 535 14 136 98 4 2005-06 2006-07 24 33 358 26 58 264 56 53 109 20 35 37 83 84 24 63 27 33 365 20 58 271 56 17 117 20 27 37 177 84 30 64 1,193 743 30 992 2,053 15 208 966 70 190 36 3,558 348 18 1,237 772 31 1,037 2,190 15 209 951 73 214 36 3,835 368 16 1,249 776 31 1,033 2,269 15 196 957 91 205 36 3,850 471 22 479 477 484 515 N/A 141 282 368 40 542 13 N/A 144 303 461 40 557 12 131 (1) (2) 149 197 463 41 575 13 164 (1) 158 205 471 50 587 18 165 156 307 461 7 556 23 136 104 4 136 104 4 147 86 5 150 88 5 150 90 5 161 92 5 30 30 33 32 33 33 40 12,001 12,107 11,976 13,509 13,999 14,726 15,091 Source: County Management and Budget Department (1) Air Quality reported as a component of Environmental Services prior to fiscal year 2006. (2) Data updated in fiscal year 2007. 256 22 33 331 21 54 263 44 55 109 15 32 35 81 (2) 80 23 (2) 59 2007-08 Maricopa County Operating Indicators by Function/Program Last Seven Fiscal Years Function/Program 2001-02 2003-04 Fiscal Year 2004-05 2005-06 2006-07 2007-08 1,305,716 1,361,695 1,339,473 1,494,585 1,533,026 1,552,421 1,211,963 1,573,606 1,211,963 1,475,218 899,484 1,529,223 899,484 1,588,186 1,380,571 32,001 769,314 $25,349,639 28,631 891,897 $28,417,533 30,631 31,405 813,931(8) 680,989 $32,078,615 $31,078,450 30,617 517,816 $29,590,772 34,052 9,537 34,480 9,557 39,654 13,752 38,694 14,401 N/A (3) N/A (3) 1302 N/A (3) 260 282 342 495 26 39 30 965 782 1,238 1,994 503 631 140 N/A (3) 149 140 141 348,040 41,238 70 375,944 34,615 49 379,498(8) 17,630 218(8) 412,558 4,079 495 435,744 5,467 754 896,257 9,916 17 914,182 9,782 19 932,466 10,029 19 951,049 10,491 17 1,110,894 10,444 14 222,843 251,303 257,807 287,898 N/A (6) N/A (3) N/A (3) 221,310(8) 232,577 232,496 294,865 297,310 268,708 319,690 N/A (6) 125,511 132,477 136,075 N/A (6) N/A (6) 155,460(5) 154,996(5) 157,956(5) 162,856 177,892 2,324 N/A (3) 2,339 N/A (3) 2,349 N/A (3) 3,086 71,085 N/A (3) N/A (3) N/A (3) N/A (3) N/A (3) 5,247 N/A (3) 15,788 16,986 19,921 N/A (6) N/A (3) 201,925 201,925 201,925 N/A (6) N/A (3) 257,249 232,431 286,124 222,100 311,980 308,493 324,777 235,573 354,316 279,778 3,914 3,121 2,867 3,031 8,795 3,768,536 290,492 3,716,554 58,118 4,271,158 57,732 4,531,500 52,652 5,911,180 64,648 578,879 887,682 986,390 736,061 826,458 58 630,352 10,255 21,724 57 657,519 11,592 25,793 58 N/A (7) 8,249 27,585 58 N/A (7) 9,517 27,606 58 N/A (7) 9,790 29,283 2002-03 General Government County Assessor Number of parcels assessed 1,214,539 1,259,703 Elections Registered voters 1,296,457 1,290,457 Number voting (1) 723,867 723,867 Public Safety Adult Probation Probationers (including absconders) 32,671 30,216 Community service hours 864,242 853,041 Collections $36,502,058 $23,772,376 County Attorney Adult felony filings 30,322 30,459 Juvenile filings 9,578 8,651 Flood Control District Linear miles of watercourses delineated N/A (3) 441 Presentation, consultation requests N/A (3) completed 220 Square miles of watershed studies N/A (3) completed 10 Drainage complaint investigations N/A (3) conducted <30 days 269 Justice Courts Annual new filings 351,278 355,170 Total non-jury trials commenced N/A (3) 22,777 71 Total jury trials commenced N/A (3) Juvenile Probation Population under 18 years old (est.) 861,454 878,683 Juveniles brought to detention 10,287 10,119 Average length of detention (days) 15 15 Sheriff Number of 911 calls dispatched N/A (3) 205,314 Police service communications N/A (3) dispatched N/A (3) Number of non-emergency N/A (3) calls/inquiries 305,811 Number of motor vehicle warrant N/A (3) 112,272 checks Superior Court Annual Case Filings 136,069(5) 145,299(5) Health, Welfare and Sanitation Human Services Children served in Headstart Program 3,107 2,392 Number of low income households N/A (3) N/A (3) Number of low income households receiving services N/A (3) N/A (3) Community and information referral units 14,803 16,053 Individuals at risk of homelessness due to cost burden of unaffordable N/A (3) 201,925 housing and utilities Public Health Certified copies of birth or death certificates 225,224 217,686 Number of immunizations 185,320 211,455 Cases of communicable diseases investigated 2,645 3,794 Culture and Recreation Library District Number of items circulated N/A (4) N/A (4) Number of library cards issued N/A (4) N/A (4) Number of print, media and electronic items N/A (4) N/A (4) Education Superintendent of Schools School districts in Maricopa County 57 58 Students in those districts 511,578 591,149 Home Schooled students 7,700 8,832 Private School students 15,000 19,200 (1) November general election data used for two fiscal-year time span (i.e., fiscal-year of election date and fiscal year immediately prior to election). (2) Financial data is unavailable to calculate cost per budget. (3) Information unavailable for fiscal year. (4) Data unavailable as a new computer system was installed in fiscal year 2003. (5) Data was adjusted during fiscal year 2005. (6) Data no longer tracked due to changes in the Strategic Business Plan for Fiscal Year 2007. (7) Data unavailable, Superintendant of Schools does not track or have access to student enrollment. (8) Data updated in fiscal year 2007. Note: Indicators for Highways and Streets is not available. 257 Maricopa County Capital Asset Statistics by Function/Program Last Seven Fiscal Years Fiscal Year Function/Program 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 General Government Facilities Management Number of buildings owned by Facilities Number of buildings maintained by Public Safety 26 N/A N/A N/A N/A N/A N/A 353 177 (2) 353 177 (2) 26 (1) 177 (2) 175 Flood Control District 118 118 118 297 310 318 324 Justice Courts Operating alert stations 23 23 23 23 23 23 23 Juvenile Courts 2 2 2 2 2 2 2 8,287 8,873 9,570 10,062 10,062 9,562 9,562 4 4 6 6 6 6 6 Sheriff Inmate beds available (incl. portable) Number of jail facilities Highways and Streets Transportation Miles of Road 5,823 5,586 5,569 5,555 5,557 5,205 5,420 Miles of road with paved surfaces 4,421 4,421 4,452 4,503 4,514 4,255 4,491 25 27 28 28 27 27 23 258 265 283 299 290 293 286 3 3 3 3 3 3 2 Number of major bridges Number of total bridges Health, Welfare and Sanitation Animal Care and Control Number of animal shelters Public Health Number of public health facilities 2 2 2 2 2 2 2 Number of WIC facilities 2 2 2 2 2 2 2 6 6 6 6 6 6 6 2 2 2 2 3 2 2 10 11 10 10 10 13 13 2 2 2 2 1 1 1 Regional county parks 9 9 9 9 9 9 9 County managed golf courses 3 3 3 3 3 3 3 119,301 119,307 119,239 119,261 118,754 119,185 119,257 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Solid Waste Management Number of transfer stations Culture and Recreation Library District Number of facilities owned Facilities operated Bookmobiles Parks and Recreation Total acres managed Conservation areas Stadium District Major league baseball field (1) (2) The number of Facilities Management owned buildings decreased significantly from fiscal year 2006 as various buildings were transferred from Facilities Management to the respective County department. Data was adjusted in fiscal year 2007. Source: Various County Agencies. Note: Indicators for Education is not available. 258 MRJP www.maricopa.gov