Fiscal Year Ended June 30, 2011 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, 2010 to June 30, 2011 Prepared By Department of Finance Shelby L. Scharbach, Chief Financial Officer 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, 2011 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 18 19 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 20 22 24 Proprietary Funds Financial Statements Statement of Net Assets Statement of Revenues, Expenses, and Changes in Fund Net Assets Statement of Cash Flows 26 27 28 Fiduciary Funds Financial Statements Statement of Fiduciary Net Assets Statement of Changes in Fiduciary Net Assets 30 31 Basic Financial Statements – Notes 35 Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Fund General Fund Detention Operations Fund 73 75 Note to Budgetary Comparison Schedules 76 i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2011 Schedule of Agent Retirement Plans’ Funding Progress Page 77 Note to Schedule of Agent Retirement Plans’ Funding Progress 78 Modified Approach for Infrastructure Assets 79 Combining and Individual Fund Statements and Schedules Listing of Nonmajor Governmental Funds 83 Governmental Funds Combining Balance Sheet – Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds 90 106 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 Expedited Child Support Fund ii 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2011 Page Special Revenue Funds (Continued) Flood Control Fund Flood Control Grants 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 Justice Courts Photo Enhancement 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 Small School Service Fund Solid Waste Grants 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 iii 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2011 Page Special Revenue Funds (Continued) Victim Location Fund Waste Management Fund Waste Tire Fund 208 209 210 Debt Service Funds County Improvement Debt Fund Stadium District Debt Service Fund 211 212 Capital Projects Funds County Improvement Fund Detention Capital Projects Fund Detention Technology Capital Projects Fund Flood Control Capital Projects Fund General Fund County Improvements Fund Intergovernmental Capital Projects Fund Library District Capital Improvement Fund Long Term Project Reserve Fund Technology Capital Projects Fund Transportation Capital Projects Fund Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects 213 214 215 216 217 218 219 220 221 222 223 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 231 232 234 236 Agency Fund Listing of Agency Fund Statement of Changes in Assets and Liabilities 241 242 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 245 246 247 249 250 252 253 254 255 256 257 258 259 260 261 262 263 264 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  CHIEF FINANCIAL OFFICER Shelby L. Scharbach v Organizational Chart Maricopa County Citizens Superintendent of Schools County Attorney Constables Sheriff Board of Supervisors Clerk of the Court Assessor Treasurer Recorder Elected Appointed County Attorney Civil Division STAR Call Center Clerk of the Board Public Works Assistant County Manager Public Defense Services Legal Defender Contract Juvenile Defender Counsel Public Defender Legal Advocate Public Fiduciary County Manager Deputy County Manager Elections Internal Audit Community Collaboration Assistant County Manager Regional Development Services Assistant County Manager Transportation Management and Budget Animal Care and Control Planning and Development Finance Solid Waste Workforce Management & Development Community Development Emergency Management Materials Management Facilities Management Enterprise Technology Human Services Health Care Programs Medical Examiner Risk Management Parks and Recreation Employee Health Initiatives Correctional Health Research and Reporting NonDepartmental vi Equipment Services Environmental Services Air Quality Public Health Integrate General d Counsel Criminal Justice Systems Special Litigation 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 December 19, 2011 The Honorable Board of Supervisors Maricopa County County Administration Building 301 W. Jefferson Street Phoenix, AZ 85003 Arizona Revised Statute (A.R.S.) §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 generally accepted auditing standards for the year ended June 30, 2011. 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 assets from loss, theft, or misuse and to compile sufficient reliable information for preparation of Maricopa County‘s financial statements in conformity with 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, 2011, 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, 2011. The auditors concluded that the financial statements were considered fairly presented 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‘s discussion and analysis (MD&A) immediately following the independent auditor‘s report and provides a narrative introduction, overview, and analysis of the basic financial statements. This 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, 2011, Maricopa County contained 59.7 percent of the State‘s total population (www.azcommerce.com). The County occupies 9,224 square miles of which 2,145 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 offers a wide variety of governmental services, including:  Community Resources: Library District, Stadium District, and Superintendent of Schools  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  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  Public Works: Flood Control District, Transportation Department and Solid Waste Management The annual budget serves as the foundation for Maricopa County‘s financial planning and control. The County is required by A.R.S. §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). viii 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 (NFL), Phoenix Suns of the National Basketball Association (NBA), Arizona Diamondbacks of the Major League Baseball (MLB) and the Phoenix Coyotes of the National Hockey League (NHL). Maricopa County also hosts several 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 Waste Management Phoenix Open golf tournament, and Phoenix International Raceway. Cities within Maricopa County also host college bowl games such as the Fiesta Bowl and the Insight Bowl. Arizona is slowly starting to recover from the economic downturn; however, a full recovery is still several years away (Elliot D. Pollack & Co.). According to the W.P. Carey School of Business, it will take Arizona three to four years to return to pre-recession levels of economic activity and four to five years to once again be among the national leaders in growth (http://knowledge.wpcarey.asu.edu). Maricopa County‘s unemployment rate is 7.9 percent as of October 2011, which remains below both the State of Arizona and the United States unemployment rates of 9.0 percent (www.workforce.az.gov). Financial Policies and Long-Term Financial Planning Financial Planning – Maricopa County has a fiscally conservative management philosophy, which has allowed the County to be financially successful. 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, including the General Fund and Detention Operations Fund. The five-year forecast provides a conservative estimate of the County‘s fiscal condition given realistic economic trends, current Board policies, and existing laws. The forecast does not incorporate anticipated policy changes, spending priorities, or proposed new revenue sources. Capital Improvement Program – Maricopa County‘s Capital Improvement Program (CIP) 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. Operating costs associated with new facilities are budgeted by the user department in conjunction with the Facilities Management Department. Estimated operating costs, as well as anticipated savings in lease costs and operating costs of facilities to be replaced are factored into the County‘s ten-year financial forecast. 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 sources from the General Fund to pay for large dollar projects. 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 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 ix 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, 2010. 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. 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 Chief Financial Officer 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 Independent Auditors’ Report Members of the Arizona State Legislature The Board of Supervisors of Maricopa County, Arizona We have audited the accompanying financial statements of the governmental activities, each major fund, and aggregate remaining fund information of Maricopa County as of and for the year ended June 30, 2011, which collectively comprise the County’s basic financial statements as listed in the table of contents. These financial statements are the responsibility of the County’s management. Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of three departments, which account for the following percentages of the assets and liabilities of the opinion units affected: Opinion Unit/Department Assets Liabilities Government-wide Statements Governmental activities: Stadium District Risk Management Trust Employee Benefits Trust 6.43% 1.27% 1.17% 8.01% 24.91% 3.34% Fund Statements Aggregate remaining fund information: Stadium District Risk Management Trust Employee Benefits Trust 0.99% 2.06% 1.91% 0.00% 48.29% 6.48% Those financial statements were audited by other auditors whose reports thereon have been furnished to us, and our opinions, insofar as they relate to the amounts included for the Stadium District, which includes the Ballpark Operations and Cactus League Operations Special Revenue Funds, the Stadium District Debt Service Fund, and the Long Term Project Reserve Capital Projects Fund; and the Risk Management and Employee Benefits Trust Internal Service Funds, are based solely on the reports of the other auditors. We conducted our audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit and the reports of the other auditors provide a reasonable basis for our opinions. In our opinion, based on our audit and the reports of the other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and aggregate remaining fund information of Maricopa County as of June 30, 2011, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in conformity with U.S. generally accepted accounting principles. As described in Note 1, the County implemented the provisions of the Governmental Accounting Standards Board Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, for the year ended June 30, 2011, which represents a change in accounting principle. The Management’s Discussion and Analysis on pages 3 through 13, the Budgetary Comparison Schedules on pages 73 through 76, the Schedule of Agent Retirement Plans’ Funding Progress on pages 77 and 78, and the Infrastructure Assets information on page 79 are not required parts of the basic financial statements, but are supplementary information required by the Governmental Accounting Standards Board. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County’s basic financial statements. The introductory section, combining and individual fund statements and schedules, and statistical section listed in the table of contents are presented for purposes of additional analysis and are not required parts of the basic financial statements. The combining and individual fund statements and schedules have been subjected to the auditing procedures applied by us and the other auditors in the audit of the basic financial statements and, in our opinion, based on our audit and the reports of the other auditors, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion on them. In accordance with Government Auditing Standards, we will also issue our report on our consideration of the County’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters at a future date. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. Debbie Davenport Auditor General December 19, 2011 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 $4,490.5 million (net assets), an increase of 3.9 percent from the prior year. Of this amount, $766.4 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 $766.4 (17%) Restricted $627.5 (14%) Invested in capital assets, net of related debt - $3,096.6 (69%)  The County‘s total net assets as reported in the Statement of Activities increased by $166.9 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 $286.4 (15%) Other $32.7 (2%) Capital Grants & Contributions $58.9 (3%) Charges for Services $274.6 (15%) Taxes - $1,228.1 (65%)  The County‘s governmental funds reported combined fund balances of $1,494.8 million, a decrease in fund balance of $28.3 million over the prior fiscal year. Approximately 98.5 percent of the combined fund balances or $1,471.6 million is spendable and available to meet the County‘s current and future needs. 3 Management’s Discussion and Analysis (Continued)  Spendable fund balance for the General Fund decreased by 16.4 percent to $409.0 million; approximately 50.6 percent of total General Fund expenditures. See page 8 for a description of spendable fund balance. 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 90. 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. The County has no business-type activities. 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 Housing Authority of Maricopa 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 County has no discretely presented component units. The Government-wide financial statements can be found on pages 18-19 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 of the funds of the County can be divided into three categories: governmental funds, proprietary funds and fiduciary funds. 4 Management’s Discussion and Analysis (Continued)  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 five 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, Detention Capital Projects 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 90 of this report. The governmental funds financial statements can be found on pages 20-24 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 232 of this report. The proprietary fund financial statements can be found on pages 26-28 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 30-31 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 35-69 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 73-79 of this report. Government-wide Financial Analysis This is the tenth 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, 2011, as compared to the prior year. Statement of Net Assets As of June 30 (in millions) Governmental Activities 2011 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 * 2010* $ 1,789.7 3,236.5 5,026.2 $ 1,814.7 3,040.2 4,854.9 186.9 348.8 535.7 189.3 342.0 531.3 3,096.6 2,870.0 627.5 766.4 $ 4,490.5 605.0 848.6 $ 4,323.6 % Chg P/Y (1.4)% 6.5 3.5 (1.3) 2.0 0.8 7.9 3.7 (9.7) 3.9 Assets, liabilities, and net assets for fiscal year 2010 were adjusted by $22.8 million for inclusion of and restatement to the Housing Authority of Maricopa County and corrections of prior periods related to the Employee Health Initiatives Fund fully-insured benefit products. See Note 4 – Beginning Balances Restated for additional information. By far, the largest portion - $3.1 billion or 69.0 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 $226.6 million due to an increase in net capital assets of $196.3 million and a decrease in capital related debt, net of unspent proceeds, of $30.3 million. The decrease in capital related debt was a result of the early payment of several capital lease agreements totaling $12.5 million, as well as the payment of regularly scheduled debt payments. The large increase in capital assets is mainly attributed to an increase in construction in progress, land, and infrastructure of $122.2, $42.0 and $43.8 million, respectively. The increase in construction in progress is primarily due to the Criminal Court Tower Project, for which the County had $121.4 million in project additions during fiscal year 2011. The increase in land and infrastructure is due to an increase in Transportation infrastructure-related land and infrastructure assets of $37.1 and $30.2 million, respectively, and an increase in Flood Control District infrastructure of $18.6 million. The County uses 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 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. 6 Management’s Discussion and Analysis (Continued) The second component of the County‘s total net assets, $627.5 million or approximately 14.0 percent, represents resources that are subject to external restrictions on how they may be used. This component increased by $22.5 million from the prior year. This increase can be attributed to revenues exceeding expenses for the fiscal year. Although revenues increased from the prior fiscal year, the economic environment is still not fully recovered. The County was able to ensure that expenses did not exceed revenues by employing a conservative approach to forecasting and budgeting. The County has continued to minimize the negative impact of the economy by utilizing budget balancing tactics, while still providing the citizens with mandated services. The final component consists of unrestricted net assets, $766.4 million or 17.0 percent, and may be used to meet the County‘s ongoing obligations. Unrestricted net assets decreased from fiscal year 2010 by $90.3 million. This decrease is a result of an increase in General Fund expenditures of $40.4 million (see page 9 for further explanation) and an increase in Risk Management Fund unpaid liabilities from the prior year of $45.5 million. The increase in Risk Management Fund unpaid liabilities is a result of new claims in addition to new lines of businesses being incorporated into the fund due to a revision in the Risk Management Trust. Changes in Net Assets As discussed previously, the County‘s total net assets of $4.5 billion increased by $166.9 million as reported in the Statement of Activities. The following table reflects the condensed Statement of Activities of the County for the fiscal year 2011 compared to the prior year and indicates the changes in net assets for governmental activities: Governmental Activities 2011 2010* Revenues: Program revenues: Charges for services Operating grants and contributions Capital grants and contributions $ 274.6 286.4 58.9 $ 269.0 255.6 95.3 General revenues: Taxes Other Total Revenues 1,228.1 32.7 1,880.7 1,207.3 36.3 1,863.5 1.7 (9.9) 0.9 Expenses: General government Public safety Highways and streets Health, welfare and sanitation Other** Total Expenses 248.4 893.8 123.6 387.9 60.2 1,713.9 235.2 888.9 83.2 331.3 52.3 1,590.9 5.6 0.6 48.6 17.1 15.1 7.7 166.9 4,323.6 $4,490.5 272.5 4,051.1 $ 4,323.6 Change in net assets Net assets – beginning, as restated Net assets – ending * ** % Chg P/Y 2.1% 12.1 (38.2) (38.8) 6.7 3.9 Net assets for fiscal year 2010 were adjusted by $22.8 million for inclusion of and restatement to the Housing Authority of Maricopa County and corrections of prior periods related to the Employee Health Initiatives Fund fully-insured benefit products. See Note 4 – Beginning Balances Restated for additional information. The functions of culture and recreation, and education along with interest on long-term debt are shown in the condensed Statement of Activities above as other expenses. 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 7 Management’s Discussion and Analysis (Continued) estimated useful lives and reported as depreciation expense. Capital outlay expenditures exceeded depreciation expense in the current period by $196.9 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 65.3, 14.6 and 15.2 percent, respectively, of total governmental activities revenues for fiscal year 2011. Tax revenues in total increased $20.7 million from the prior year mainly due to increase in sales taxes of $19.2 million as a result of an improving economy. Charges for services revenue increased $5.6 million from the prior year primarily due to an increase in Air Quality and Environmental Services fees revenue of $2.4 million and an inclusion of intergovernmental revenue of $3.4 million for the Housing Authority of Maricopa County, which was reported as a discretely presented component unit in prior years. Operating grants revenue increased $30.8 million from the prior year primarily from an increase in federal grant monies from the American Recovery and Reinvestment Act. 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. Total expenses increased $122.9 million or 7.7 percent from the prior fiscal year. The most significant fluctuations were in the general government, highways and streets; and health, welfare and sanitation functions, with net changes of $13.2, $40.4, and $56.6 million, respectively. The increase in general government is primarily attributed to $15.0 million increase in loss and loss expenses in the Risk Management Fund. The increase in highways and streets expenses is mainly due to an increase in loss on disposal of capital assets as a result of Transportation infrastructure asset deletions of $32.4 million. The increase in health, welfare, and sanitation expenses is due to an increase in total ALTCS contributions of $27.3 million (see page 9 for further information) and an inclusion of expenditures of $20.9 million for the Housing Authority of Maricopa County, which was reported as a discretely presented component unit in prior years. Financial Analysis of the County’s Funds As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements. For the year ended June 30, 2011, the County implemented GASB 54, Fund Balance Reporting and Governmental Fund Type Definitions, which modified the fund balance classifications (see Note 1 - Summary of Significant Accounting Policies and Note 2 – Fund Balance Classifications of the Governmental Funds). In order to provide comparative discussion of fund balances to the prior year, the analysis below of ‗spendable‘ balance represents restricted, committed, assigned, and unassigned fund balance, which in prior year was classified as unreserved. 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, spendable 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, 2011, the governmental funds reported combined fund balances of $1,494.8 million and a decrease in fund balance of $28.3 million from the prior fiscal year. Approximately 98.5 percent of the combined fund balances or $1,471.6 million is available to meet the County‘s current and future needs (spendable fund balance). The remaining fund balance is nonspendable for inventories and intergovernmental loans. The following funds are the County‘s major governmental funds: General Fund The General Fund is the County‘s primary operating fund. At the end of the current fiscal year, spendable fund balance of the General Fund was $409.0 million, while total fund balance was $429.4 million. This represents a decrease in the spendable fund balance from the prior year of $80.0 million, or 16.4 percent. 8 Management’s Discussion and Analysis (Continued) As a measure of the General Fund‘s liquidity, it may be useful to compare both spendable fund balance and total fund balance to the total fund expenditures. Spendable fund balance represents 50.6 percent of the total fiscal year 2011 General Fund expenditures, while total fund balance represents 53.2 percent of that same amount. These ratios indicate a strong fund balance position in comparison to expenditures. During fiscal year 2011, the General Fund experienced a change in fund balance of ($80.1) million, a decrease in change in fund balance of $158.7 million from the prior fiscal year. While revenues stayed flat in comparison to prior year, operating transfers out increased $131.4 million and expenditures increased $40.4 million. The increase in operating transfers out is primarily due transfers to the Technology Capital Improvement Fund for technology related projects of $151.7 million. The increase in expenditures is primarily a result of an increase in total ALTCS contributions of $27.3 million. Total ALTCS contributions increased as a result of a reduction in Federal Medical Assistance Percentages (FMAP) stimulus monies of $31.8 million from the prior fiscal year. Detention Operations Fund 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 and detention facilities. At the end of the current fiscal year, total fund balance of the Detention Operations Fund was $56.9 million, of which 99.7 percent is restricted and .3 percent is committed, both are considered spendable. This was a decrease in total fund balance of $163.7 million, or 74.2 percent, from the prior fiscal year. The decrease in fund balance can be attributed to an increase in operating transfers out of $204.7 million as a result of operating transfers out to the Detention Capital Projects Fund and Detention Technology Capital Improvement Fund of $197.3 and $10 million, respectively. Operating transfers in from the General Fund for maintenance of effort were $176.5 million. The amount to be transferred to the Detention Capital Projects Fund and the Detention Technology Capital Improvement Fund for any given year is determined through the budget planning process. County Improvement Debt Fund 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; and other long-term obligations. At the end of the current fiscal year, spendable fund balance of the County Improvement Debt Fund was $6.8 million, of which $6.7 million is restricted for debt service. This represents a decrease of $2.1 million from the prior fiscal year and is attributed to the continued payment of debt service obligations. As no new debt issuances occurred during the fiscal year, the primary activity in this fund is debt service payments. Detention Capital Projects Fund The Detention Capital Projects Fund is a capital projects fund that accounts for construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998, and extended by the voters on November 5, 2002. Funding is provided by transfers from the Detention Operations Fund for construction of the adult and juvenile detention facilities. At the end of the current fiscal year, fund balance of the Detention Capital Projects Fund was $266.2 million, all of which is 9 Management’s Discussion and Analysis (Continued) restricted and considered spendable. The fund balance in this fund increased $183.9 million from the prior fiscal year, which is attributed to transfers in from the Detention Operations Fund of $197.3 million. General Fund County Improvements Fund The General Fund County Improvements Fund is a capital projects fund that accounts for capital projects funded by transfers from the General Fund. 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 $282.1 million, all of which is committed and considered spendable. The fund balance in this fund decreased $105.4 million from the prior fiscal year, which is attributed to an increase in capital outlay expenditures of $90.1 million. The increase in capital outlay is a result of expenditures incurred for the Criminal Court Tower project of $122.4 million in fiscal year 2011. General Fund Budgetary Highlights The difference between the original budget and the final amended budget for the General Fund resulted in no significant change in revenues and an increase in expenditures of $1.2 million. A significant favorable expenditure variance, as compared to the budget, was incurred in the General Government Department (general government function) and Health Care Programs Department (health, welfare, and sanitation function) of $126.0 million and $34.9 million, respectively. These savings were a result of the General Government Department‘s less than anticipated spending from the contingency and reserve funds and the Health Care Program Department‘s reduction in contributions to and reimbursements from the Arizona Long Term Care System and the Arizona Health Care Cost Containment System. 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, 2011, was $3.2 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 12 – Capital Assets). 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, 2011, Flood Control District infrastructure-related assets consisted of land, infrastructure and construction in progress of $248.4, $253.9, and $165.9 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 2011, the condition level of both systems was within the established condition level. Actual maintenance/preservation costs varied by ($5,488,295) and $2,366,589 from the estimated costs for the roadway and bridge system, respectively. Roadway maintenance and preservation costs exceeded estimated due to mill and rubber overlay projects that were not included in the estimated costs. Bridge System maintenance projects were met with environmental delays in fiscal year 2011. As a result preservation and maintenance projects were delayed for several months and funds will rollover to fiscal year 2012. See Required Supplementary Information on page 79 for additional information. At June 30, 2011, Transportation Department infrastructure-related assets consisted of land, infrastructure and construction in progress of $330.0, $696.6, and $34.0 million, respectively. 10 Management’s Discussion and Analysis (Continued) Capital assets for governmental activities are presented below (in millions) to illustrate changes from the prior year: Governmental Activities 2011 2010* 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 $ * 713.3 696.6 $ $ Change 671.3 666.4 $42.0 30.2 % Change 6.3% 4.5 1,090.6 1,098.1 (7.5) (0.7) 84.6 474.9 88.9 352.7 (4.3) 122.2 (4.8) 34.6 13.7 8.4 196.3 6.5 176.5 3,236.5 $ 162.8 3,040.2 The capital asset amounts for fiscal year 2010 were restated for inclusion of and restatement to the Housing Authority of Maricopa County. See Note 4 – Beginning Balances Restated for additional information. Capital assets, net of accumulated depreciation, increased by $196.3 million, or 6.5 percent, from the prior year. The most significant impact on the increase in capital assets for the fiscal year ended June 30, 2011, was the increase in construction in progress and infrastructure-related capital assets of $122.2 and $90.4 million, respectively, from the prior fiscal year. During fiscal year 2011, Transportation Department and Flood Control District infrastructure assets changed $58.9 and $30.7 million, respectively, from the prior year and accounted for changes in land, construction in progress, and infrastructure of $42.0, ($1.2) and $48.8 million, respectively. In addition, non-infrastructure-related construction in progress increased significantly due to the Criminal Court Tower Project, which had additions of $121.4 million during fiscal year 2011. The decreases noted in buildings and improvements and machinery and equipment are due to annual depreciation expense charged to those asset categories. 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 2011 Standard & Poor's AAA March 2011 Moody's Investor Services Aa1 April 2009 Lease Revenue Bonds Fitch Ratings AA+ April 2011 Standard & Poor's AA+ March 2011 Moody's Investor Services Aa1 May 2010 Certificates of Participation Fitch Ratings AA+ April 2011 Moody's Investor Services Aa2 May 2010 At June 30, 2011, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) outstanding of $348.8 million, which represents a $7.3 million increase from the prior year balance of $341.5 million. The increase is attributable to an increase in reported and incurred but not reported claims of $45.5 million as a result of an increase in Risk Management Fund unpaid claims liabilities from the prior year of $41.8 million. The increase in Risk Management Fund unpaid claims liabilities is a result of new claims in addition to new lines of businesses being incorporated into the fund due to a revision in the Risk Management Trust. The increase in unpaid claims liabilities was offset by debt service payments made during the fiscal year of $31.7 million. The majority of the debt service payments made during fiscal year 2011 were for lease revenue bonds ($11.1 million), Stadium District revenue bonds ($3.4 million), and capital leases ($14.5 million). The largest components of long-term 11 Management’s Discussion and Analysis (Continued) liabilities at June 30, 2011, consisted of lease revenue bonds - $142.1 million, Stadium District revenue bonds - $34.5 million, and reported claims and incurred but not reported claims - $144.4 million. Lease revenue bonds applicable to governmental activities are paid from the County Improvement Debt Fund (debt service fund), which is funded by transfers from the General Fund. At June 30, 2011, the fund balance in the County Improvement Debt Fund to pay future liabilities was $6.8 million. 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 $34,515,000 remains outstanding. Capital leases applicable to governmental activities of $433 thousand have been entered into for various lease-purchase agreements, which are callable at par plus accrued interest. The decrease of $14.5 million from the prior year is primarily related to the early payoff of various capital leases. Reported and incurred but not reported claims applicable to governmental activities of $144.4 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is an increase of $45.5 million from the prior year as noted above. This liability is primarily related to actuarial estimates for the County‘s self-insured 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 14 – Long-Term Liabilities and Note 18 – Risk Management). Economic Factors and Next Year’s Budget and Rates  Although the recession has ended, it will take Arizona three to four years to return to prerecession levels of economic activity and four to five years to once again be among the national leaders in growth (http://knowledge.wpcarey.asu.edu).  The United States Census Bureau reports that Maricopa County‘s population decreased by 5.1 percent from fiscal year 2009 to 2010 (www.census.gov). The unemployment rate in Maricopa County, according to Arizona Workforce, in October 2011 was 7.9 percent, which remains below both the state and national average of 9.0 percent (www.workforce.az.gov).  As reported by the Arizona Department of Commerce, Maricopa County‘s population increased 30.2 percent from July 1, 2000 to July 1, 2010, which is higher than the United States‘ overall population increase of 9.5 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 2012 budget and tax rate, which took into account several significant trends:  Assessed property tax values are estimated to continue to decline though fiscal year 2015 with only a 2.4 percent anticipated increase in fiscal 2016.  Annual collections of State Shared Sales Tax, Vehicle License Tax, Highway User Revenues and County Jail Excise Tax revenues are expected to remain flat in fiscal year 2011-12 and are not expected to regain the peak levels of 2004-2006 until after fiscal year 2015.  Staggering State budget deficits continue to pose a significant risk to Maricopa County‘s fiscal stability. The forecast assumes continuation of the $26.4 million fiscal year 2012 mandated contribution to the State, along with sizable increases in mandated healthcare contributions, in particular for the ALTCS program and reduction of shared revenues for transportation services. 12 Management’s Discussion and Analysis (Continued) The forecast also incorporates the shift of inmates from the State to the County Jail system beginning in 2013. At the end of the fiscal year, total fund balance for the General Fund was $429.4 million, or 53.2 percent of total General Fund expenditures, of which $409.0 million is considered spendable. Spendable fund balance decreased by 16.4 percent from the prior year. See page 8 for further information. 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. 13 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; and other long-term obligations. Capital Projects Funds Detention Capital Projects Fund – Accounts for construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998, and extended by voters on November 5, 2002. Funding is provided by transfers from the Detention Operations Fund for construction of the adult and juvenile detention facilities. 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 Maricopa County Statement of Net Assets June 30, 2011 PRIMARY GOVERNMENT 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 Advances 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 $ 4,457,165 1,529,186,626 24,889,746 156,441,174 9,577,121 1,987,738 2,708,848 2,256,344 15,433,000 42,787,763 713,342,281 1,503,399,780 302,854,871 696,584,454 253,889,374 474,960,416 (708,535,755) 5,026,220,946 77,195,914 7,004,881 73,653,738 3,420,107 22,995,476 746,552 1,836,549 69,742,662 279,099,063 535,694,942 3,096,564,562 6,172,000 457,851,073 73,941,725 25,178,713 43,296,644 4,984,386 16,102,646 766,434,255 $ 4,490,526,004 The notes to the financial statements are an integral part of this statement. 18 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2011 Program Revenues Charges for Services 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 $ 248,394,846 893,760,377 123,611,300 387,892,315 43,325,625 9,219,564 7,640,462 1,713,844,489 $ 1,713,844,489 Operating Grants and Contributions $ $ 27,698,094 152,507,151 28,130,243 54,135,715 11,928,461 215,723 274,615,387 274,615,387 General revenues: Taxes: Property taxes, levied for general purposes Property taxes, levied for Flood Control District Property taxes, levied for Library District Property taxes, levied for Street Lighting 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, beginning, as restated Net assets, ending $ $ Capital Grants and Contributions 7,400,465 40,608,182 104,114,028 127,373,751 648,713 6,302,171 $ 286,447,310 286,447,310 58,859,929 $ 58,859,929 253,947 58,525,073 12,000 68,909 Net (Expense) Revenue and Changes in Net Assets $ (213,296,287) (700,391,097) 67,158,044 (206,370,849) (30,679,542) (2,701,670) (7,640,462) (1,093,921,863) (1,093,921,863) 518,956,222 66,723,260 20,385,799 5,432,863 385,487,679 112,451,803 4,989,933 113,649,012 2,728,933 14,815,018 15,198,561 1,260,819,083 166,897,220 4,323,628,784 $ 4,490,526,004 The notes to the financial statements are an integral part of this statement. 19 Maricopa County Balance Sheet Governmental Funds June 30, 2011 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 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 Interest payable Bonds and certificates of participation payable Special assessment debt with governmental commitment Advances Deferred revenue Deposits held for other parties Total liabilities $ 101,500 342,561,635 20,056,616 10,586,588 77,003,677 4,939,795 487,556 15,433,000 $ $ 471,170,367 $ 69,129,714 $ $ 16,102,681 6,354,505 622,268 $ 9,752,966 2,439,577 1,270 $ $ 38,487 25,388,105 146,249 603,108 9,560,164 21,113,433 30,712,084 3,259,540 11,105,000 746,552 17,941,958 Fund balances: Nonspendable Restricted Committed Assigned Unassigned Total fund balances Total liabilities and fund balances 350 42,972,416 19,486 County Improvement Debt 9,560,164 41,767,964 12,193,813 20,372,794 146,249 56,789,652 162,000,000 225,405,703 21,623,906 429,402,403 $ 471,170,367 23,924,704 6,748,893 38,487 56,935,901 $ 69,129,714 6,787,380 $ 30,712,084 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, 2011, 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. 20 Detention Capital Projects $ General Fund County Improvements $ 268,476,359 Other Governmental Funds $ 290,334,325 $ 268,476,359 $ 290,334,325 $ $ 2,291,116 $ 8,183,550 $ 4,343,060 456,227,656 3,907,812 941 44,489,228 2,628,184 1,165,680 21,674,330 534,436,891 38,483,199 2,391,122 3,993,439 9,976,100 5,317 Total Governmental Funds $ $ $ 19,653 2,291,116 8,183,550 24,618,756 1,654,571 81,142,157 282,150,775 2,628,184 295,836,182 164,284,920 282,150,775 (9,454,552) 453,294,734 266,185,243 266,185,243 $ 268,476,359 $ 290,334,325 $ 4,444,910 1,400,610,878 23,983,914 10,587,529 156,441,174 7,714,228 2,256,344 15,433,000 42,787,763 1,664,259,740 74,813,512 11,185,204 4,616,977 9,976,100 3,264,857 11,105,000 19,653 746,552 52,120,878 1,654,571 169,503,304 23,147,227 625,559,970 608,474,182 225,405,703 12,169,354 1,494,756,436 534,436,891 3,233,221,600 29,125,402 (17,201,545) (249,375,889) $ 21 4,490,526,004 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds For the Fiscal Year Ended June 30, 2011 Detention Operations General County Improvement Debt REVENUES Taxes $ Licenses and permits 511,166,991 $ 112,451,803 $ 2,330,510 Intergovernmental 514,511,445 2,819,911 Charges for services 40,745,729 33,332,086 2,640,840 Fines and forfeits 14,356,769 8,611,795 5,745,692 2,495,016 31,068 31,863 1,097,468,931 151,129,884 2,672,703 Special assessments Interest income Miscellaneous Total revenues EXPENDITURES Current: General government 185,721,853 Public safety 410,983,994 283,859,560 Highways and streets Health, welfare and sanitation 196,904,391 Culture and recreation 693,162 Education 2,143,575 Debt service: Principal 11,105,000 Interest 6,519,080 Other expenditures Capital outlay Total expenditures 11,209,273 708,476 807,656,248 284,568,036 17,624,080 289,812,683 (133,438,152) (14,951,377) 1,479,313 (371,272,224) 176,466,336 (206,735,710) 12,866,180 (11,649) (369,792,911) (30,269,374) 12,854,531 (79,980,228) (163,707,526) (2,096,846) 509,523,800 220,631,161 8,884,226 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 balances at beginning of year, as restated Changes in nonspendable resources: Increase (decrease) in inventories Fund balances at end of year (141,169) $ 429,402,403 The notes to the financial statements are an integral part of this statement. 22 12,266 $ 56,935,901 $ 6,787,380 Detention General Fund Other Total Capital Projects County Improvements Governmental Funds Governmental Funds $ $ $ 938,464 938,464 92,233,037 $ 41,372,329 284,584,090 802,853,910 108,918,633 185,637,288 19,737,598 34,094,367 5,432,863 5,432,863 2,690,520 9,700,681 13,829,194 15,477,441 562,339,241 1,814,549,223 7,513,258 193,235,111 135,121,465 829,965,019 53,297,470 53,297,470 187,532,291 384,436,682 29,312,823 30,005,985 6,783,703 8,927,278 4,623,150 15,728,150 2,039,776 8,558,856 1,249 320,011,115 14,379,704 137,542,053 1,249 156,171,609 14,379,704 137,542,053 582,396,794 1,844,166,915 (13,441,240) (137,542,053) (20,057,553) (29,617,692) 197,323,710 43,880,837 (11,701,866) 244,986,551 (85,951,177) 677,002,927 (675,672,626) 197,323,710 32,178,971 159,035,374 1,330,301 183,882,470 (105,363,082) 138,977,821 (28,287,391) 82,302,773 387,513,857 314,232,032 1,523,087,849 84,881 $ 715,851,831 39,041,819 266,185,243 $ 282,150,775 $ 453,294,734 23 (44,022) $ 1,494,756,436 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, 2011 Net change in fund balances – total governmental funds (page 23) $ (28,287,391) Amounts reported for governmental activities in the Statement of Activities on page 19 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. 196,920,655 The net effect of various miscellaneous transactions involving capital assets is to decrease net assets. (613,932) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 1,036,391 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. 30,475,349 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. 8,962,775 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 expense of internal service funds is reported with governmental activities. Change in net assets of governmental activities (page 19) The notes to the financial statements are an integral part of this statement. 24 (41,596,627) $ 166,897,220 25 Maricopa County Statement of Net Assets Proprietary Funds June 30, 2011 Governmental Activities – Internal Service Funds ASSETS Current assets: Cash in bank and on hand $ Cash and investments held by County Treasurer 12,255 128,575,748 Receivables: Accounts 898,197 Accrued interest 7,635 Inventories 1,862,893 1,987,738 Prepaids 133,344,466 Total current assets Noncurrent assets: Capital assets: Machinery and equipment 12,165,398 (8,891,577) Less accumulated depreciation 3,273,821 Total noncurrent assets 136,618,287 Total assets LIABILITIES Current liabilities: Accounts payable 2,382,403 Employee compensation payable 4,064,840 Accrued liabilities 2,387,904 Due to other funds 611,429 50,778,619 Liability for reported and incurred but not reported claims (current portion) 60,225,195 Total current liabilities Noncurrent liabilities: 93,594,637 Liability for reported and incurred but not reported claims 93,594,637 Total noncurrent liabilities 153,819,832 Total liabilities NET ASSETS Invested in capital assets 3,273,821 Unrestricted (20,475,366) Total net assets $ The notes to the financial statements are an integral part of this statement. 26 (17,201,545) Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Fiscal Year Ended June 30, 2011 Governmental Activities – Internal Service Funds OPERATING REVENUES Charges for services $ Miscellaneous 181,218,018 2,174,380 183,392,398 Total operating revenues OPERATING EXPENSES Personal services 11,591,789 Supplies 16,241,949 Other services 13,421,580 Legal 4,193,937 Insurance and claims 168,291,285 Leases and rentals 31,613 Repairs and maintenance 2,330,909 Travel and transportation 24,724 Utilities 7,634,056 945,773 Depreciation 224,707,615 Total operating expenses Operating loss (41,315,217) NONOPERATING REVENUES (EXPENSES) Investment income Loss on disposal of capital assets 1,052,164 (3,273) Total nonoperating revenues 1,048,891 Loss before transfers (40,266,326) Transfers in 49,990 (1,380,291) Transfers out Change in net assets (41,596,627) 24,395,082 Total net assets – beginning, as restated Total net deficit – ending $ (17,201,545) The notes to the financial statements are an integral part of this statement. 27 Maricopa County Statement of Cash Flows Proprietary Funds For the Fiscal Year Ended June 30, 2011 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 $ 181,579,884 2,174,380 (169,401,042) (10,535,494) 3,817,728 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from General Fund Loan payments to General Fund Net cash used for noncapital financing activities 49,990 (1,594,353) (1,544,363) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Net cash used for capital and related financing activities (914,319) (914,319) CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities 1,212,018 1,212,018 Net increase in cash and cash equivalents 2,571,064 126,016,939 Cash and cash equivalents, July 1, 2010, as restated Cash and cash equivalents, June 30, 2011 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES: Operating loss Adjustments to reconcile operating income to net cash provided by operating activities Depreciation expense Liability for reported and incurred but not reported claims Changes in assets [(increase)/decrease] and liabilities [increase/(decrease)]: Accounts receivable Inventories Prepaids Accounts payable Employee compensation payable Accrued liabilities $ 128,588,003 $ (41,315,217) 945,773 45,452,598 361,866 204,764 (721,921) (1,303,734) 1,056,295 (862,696) $ 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 Capital assets transferred from governmental activities Accumulated depreciation transferred from governmental activities $ 3,817,728 148,008 (148,008) 31,000 (31,000) The notes to the financial statements are an integral part of this statement. 28 29 Maricopa County Statement of Fiduciary Net Assets Fiduciary Funds June 30, 2011 Investment Trust Fund Agency Fund Assets Cash in bank and on hand $ Cash and investments held by County Treasurer $ 2,374,692,019 Accrued interest receivable 40,434,454 861,930 137,164 $ 66,564 41,362,948 $ 25,447 $ 350,984 40,986,517 41,362,948 Miscellaneous 2,374,829,183 Total assets Liabilities Accounts payable Accrued liabilities Deposits held for other parties Total liabilities Net Assets Held in trust for investment participants $ 2,374,829,183 The notes to the financial statements are an integral part of this statement. 30 Maricopa County Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Fiscal Year Ended June 30, 2011 Investment Trust Fund Additions: Contributions from participants $ 13,860,576,756 Investment income: Interest income 16,485,482 (1,986,451) Net change (decrease) in fair value of investments 14,499,031 Net investment earnings 13,875,075,787 Total additions Deductions: 13,669,900,012 Distributions to participants 13,669,900,012 Total deductions Change in net assets 205,175,775 2,169,653,408 Net assets – beginning, as restated $ Net assets – ending 2,374,829,183 The notes to the financial statements are an integral part of this statement. 31 32 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 FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS NOTE 3 REPORTING CHANGES NOTE 4 BEGINNING BALANCES RESTATED NOTE 5 RECONCILIATION STATEMENTS NOTE 6 STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY NOTE 7 DEPOSITS AND INVESTMENTS NOTE 8 CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL NOTE 9 RECEIVABLES NOTE 10 DUE FROM OTHER GOVERNMENTAL UNITS NOTE 11 INTERGOVERNMENTAL LOANS NOTE 12 CAPITAL ASSETS NOTE 13 CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS NOTE 14 LONG-TERM LIABILITIES NOTE 15 MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS NOTE 16 MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT NOTE 17 OPERATING LEASES NOTE 18 RISK MANAGEMENT NOTE 19 POLLUTION REMEDIATION OBLIGATIONS NOTE 20 PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS NOTE 21 INTERFUND BALANCES AND ACTIVITY NOTE 22 SUBSEQUENT EVENTS OF GOVERNMENT-WIDE 35 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, 2011, the County implemented the provisions of GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions. GASB Statement No. 54 establishes standards for financial reporting, including note disclosures requirements, for fund balance classifications of the governmental funds and clarifies existing governmental fund type definitions. See Note 2 – Fund Balance Classifications of the Governmental Funds. 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 so intertwined with the County that they 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. Maricopa County does not report any discretely presented component units. See Note 3 – Reporting Changes for further information. Each blended 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, and Housing Authority of Maricopa County. 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, 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 36 Notes to the Financial Statements (Continued) lease revenue bonds and certificates of participation 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 Maricopa County 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 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 Maricopa County 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 Street Lighting Districts, the Districts are considered a blended component unit of the County. 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. As the Maricopa County Board of Supervisors serves as the Housing Authority‘s Board of Commissioners, it is able to significantly influence the programs, projects, activities, or level of services provided by the Housing Authority; therefore, the Housing Authority is a blended component unit of the County. Complete financial statements for the Housing Authority of Maricopa County may be obtained at the entity‘s administrative office listed below: Housing Authority of Maricopa County 2024 North Seventh Street, Suite 201 Phoenix, Arizona 85006 www.maricopahousing.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. 37 Notes to the Financial Statements (Continued) 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. 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 or discretely presented component units. 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 funds, each displayed in a separate column. All remaining governmental funds are aggregated and reported as nonmajor funds. Internal service and 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. 38 Notes to the Financial Statements (Continued) 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 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; and other long-term obligations. This fund‘s main revenue source is from General Fund transfers for the repayment of debt. The Detention Capital Projects Fund – accounts for construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998, and extended by the voters on November 5, 2002. Funding is provided by transfers from the Detention Operations Fund for construction of the adult and juvenile detention facilities. 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. Revenues in this fund consist mainly of transfers from the General Fund. 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 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 39 Notes to the Financial Statements (Continued) days after year-end. The County‘s major revenue sources that are susceptible to accrual are property taxes, intergovernmental, charges for services, and investment income. 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 follow FASB Statements and Interpretations issued on or before November 30, 1989; Accounting Principles Board Opinions; and Accounting Research Bulletins, unless those pronouncements conflict with GASB pronouncements. The County has chosen the option not to 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 as nonspendable fund balance to indicate that they do not constitute ―available spendable resources.‖ These inventories are stated at weighted-average cost. Inventories of government-wide and the internal service funds financial statements are recorded as assets when purchased and expensed when consumed. The amounts shown on the statement of net assets for government-wide and the internal service funds are valued at cost using first-in, first-out and the moving average methods, respectively. 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. 40 Notes to the Financial Statements (Continued) 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 unit 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) 20 - 50 25 - 50 3 - 10 3 - 20 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. Fund Balance Classifications Fund balances of the governmental funds are reported separately within classifications based on a hierarchy of the constraints placed on the use of those resources. The classifications are based on the relative strength of the constraints that control how the specific amounts can be spent. The classifications are nonspendable, restricted, and unrestricted, which includes committed, assigned, and unassigned fund balance classifications. The nonspendable fund balance classification includes amounts that cannot be spent because they are either not in spendable form such as inventories, or are legally or contractually required to be maintained intact. Restricted fund balances are those that have externally imposed restrictions on 41 Notes to the Financial Statements (Continued) their usage by creditors, such as through debt covenants, grantors, contributors, or laws and regulations. The unrestricted fund balance category is comprised of committed, assigned, and unassigned resources. Committed fund balances are self-imposed limitations approved by the County‘s Board of Supervisors, which is the highest level of decision-making authority within the County. The constraints placed on committed fund balances can only be removed or changed by the Board. Assigned fund balances are resources constrained by the County‘s intent to be used for specific purposes, but are neither restricted nor committed. Only the Board of Supervisors has authorization to assign fund balances. The unassigned fund balance is the residual classification for the General Fund and includes all spendable amounts not reported in the other classifications. Also, deficits in fund balances of the other governmental funds are reported as unassigned. The County‘s policy is to account for most restricted and committed revenue sources (subject to legal restriction, etc.) by segregating them in a separate fund; however, by its nature, the General Fund may have several different classifications of fund balance. Therefore, when expending General Fund fund balance, if an expenditure is incurred that can be paid from either restricted or unrestricted fund balances, it‘s the County‘s policy to use unrestricted fund balance first. For the disbursement of unrestricted fund balances, it is the County‘s policy to use unassigned amounts first, followed by assigned amounts, and lastly committed amounts. I. Investment Income Investment income is composed of interest, dividends, and net changes in the fair value of applicable investments. J. 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, and roll-over from year-to-year, up to 240 or 320 hours (depending on employee classification) 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 (PEHP) established pursuant to Internal Revenue Code §501(c)(9). The obligations vested at June 30, 2011, 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. A liability for these amounts is reported in the governmental funds‘ financial statements only if they have matured, for example, as a result of employee resignations and retirements by fiscal year-end. 42 Notes to the Financial Statements (Continued) NOTE 2 – FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS The fund balance classifications of the governmental funds as of June 30, 2011, were as follows: Detention Operations Fund General Fund Fund balances: Nonspendable: Inventory Loan receivable Total nonspendable $ 4,939,794 15,433,000 20,372,794 Restricted for: Capital projects Debt service Education Flood control Health and welfare Judicial activities Law enforcement Library District Other purposes Parks and recreation Social services Stadium District Transportation Waste management Total committed Assigned to: General government Total assigned Unassigned Total fund balances 146,249 $ $ General Fund County Other Improvement Governmental Fund Funds $ 2,628,184 94,859,826 9,353,753 4,984,386 49,544,757 15,868,336 21,402,968 18,279,703 15,737,273 9,921,206 4,641,651 7,582,755 12,111,196 29,952,817 1,595,555 295,836,182 361,045,069 16,102,646 4,984,386 49,544,757 15,868,336 21,402,968 75,069,355 15,737,273 9,921,206 4,641,651 7,582,755 12,111,196 29,952,817 1,595,555 625,559,970 282,150,775 151,947,504 282,150,775 8,199,936 2,127,013 2,010,467 164,284,920 434,098,279 38,487 162,000,000 8,199,936 2,127,013 2,010,467 608,474,182 146,249 266,185,243 56,789,652 56,789,652 6,748,893 266,185,243 $ 2,628,184 38,487 162,000,000 162,000,000 38,487 225,405,703 225,405,703 $ 225,405,703 225,405,703 21,623,906 $ 429,402,403 Total 7,714,227 15,433,000 23,147,227 6,748,893 Total restricted Committed to: Capital projects Debt service General government Health and welfare Other purposes Waste management $ Detention Capital Projects Fund County Improvement Debt Fund $ 56,935,901 $ 6,787,380 $ 266,185,243 (9,454,552) 12,169,354 $282,150,775 $453,294,734 $1,494,756,436 Stabilization Arrangements – The Board of Supervisors has the authority to authorize and establish a stabilization arrangement by formal action. Subsequent modification, addition to, or expenditure from any stabilization arrangements also requires formal action by the Board of Supervisors, the highest level of decision-making authority within the County. At June 30, 2011, the General Fund had fund balances of $162,000,000 committed for budget stabilization. These amounts were committed specifically to cover either: a) an unusual revenue shortfall of 5% or more of estimated General Fund operating revenue for fiscal year 2011 due to a natural disaster, a sudden, severe economic downturn and/or actions by the State of Arizona to reduce shared revenues; b) an unusual unanticipated expenditure equaling 5% or more of estimated General Fund operating revenue for fiscal year 2011 that must be funded due to natural disaster, a legal judgment or settlement not covered by the County‘s Risk Management Trust, and/or actions by the State of Arizona that shift significant new expenditures to the County; or c) a combination of the circumstances described in a) and b) that together equal 5% or more of estimated General Fund operating revenue. 43 Notes to the Financial Statements (Continued) NOTE 3 – REPORTING CHANGES As a result of a resolution adopted pursuant to Arizona Revised Statutes §36-1404, the Maricopa County Board of Supervisors now serves as the Housing Authority of Maricopa County‘s (Housing Authority) Board of Commissioners and is able to significantly influence the programs, projects, activities and level of services provided by the Housing Authority. Therefore, effective for fiscal year 2011, the Housing Authority is considered a blended component unit of the County and is reported as part of the primary government of Maricopa County. The Housing Authority (special revenue fund) is a nonmajor governmental fund. In prior years, the Housing Authority was reported as a discretely presented component unit. This constitutes a change in reporting entity. Beginning in fiscal year 2011, the County established the Technology Capital Improvement (capital project fund) and the Detention Technology Capital Improvement (capital project fund) Funds. Both are nonmajor governmental funds. NOTE 4 – BEGINNING BALANCES RESTATED On July 1, 2010, the County restated beginning net assets of governmental activities and beginning fund balance of the fund financial statements for inclusion of the Housing Authority of Maricopa County as a blended component unit of the County and for other beginning balance adjustments affecting capital assets and receivables of $52,825 and $57,080, respectively. Prior to fiscal year 2011, the Housing Authority was considered a discretely presented component unit. On July 1, 2010, the County also restated net assets of governmental activities, the internal service funds and the agency fund for corrections of prior periods related to the Employee Health Initiatives Fund fullyinsured benefit products. The assets and liabilities related to these fully-insured benefits were incorrectly included as part of governmental activities and the internal service funds in prior fiscal years, but should have been reported in the agency fund. As part of this restatement, cash and cash equivalents were restated by $1,033,581, which affected the cash flow statement. Beginning net assets of governmental activities, governmental funds, internal service funds and the agency fund were adjusted for the above, as follows: Governmental Activities Net assets reported as of June 30, 2010 Plus: Housing Authority of Maricopa County Less: fully-insured benefit products Net assets as of July 1, 2010, as restated Internal Service Funds Governmental Funds $ 4,300,843,977 $ 25,304,207 $ 1,517,744,321 23,693,932 5,343,528 (909,125) (909,125) $ 4,323,628,784 $ 24,395,082 $ 1,523,087,849 As the agency fund does not report net assets, beginning assets and liabilities of the agency fund were adjusted for the above, as follows: Agency Fund Total Assets/Liabilities as of June 30, 2010 Plus: fully-insured benefit products Total Assets/Liabilities as of July 1, 2010, as restated 44 $ 76,515,182 1,072,771 $ 77,587,953 Notes to the Financial Statements (Continued) NOTE 5 – 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 $ 1,494,756,436 Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. 713,342,281 1,503,399,780 290,689,473 950,473,828 474,960,416 (699,644,178) 3,233,221,600 Land Buildings and improvements Machinery and equipment Infrastructure Construction in progress Accumulated depreciation Net governmental funds capital assets at June 30, 2011 Some receivables are not available to pay for current period expenditures and therefore, are deferred in the funds. 20,384,568 8,740,834 29,125,402 Deferred revenue for property taxes receivable at June 30, 2011 Deferred revenue for grant revenues receivable at June 30, 2011 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. (17,201,545) Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2011, and therefore, are not reported in the funds. (131,555,000) (2,375,000) (34,515,000) (8,106,857) (100,880) 2,708,848 (3,615,891) (432,651) (3,333,986) (58,403,694) (9,308,551) (181,978) (155,249) (249,375,889) Noncurrent lease revenue bonds due in more than one year at June 30, 2011 Certificates of participation due in more than one year at June 30, 2011 Stadium District revenue bonds payable at June 30, 2011 Stadium District loan payable at June 30, 2011 Special assessment debt with governmental commitment payable at June 30, 2011 Deferred issuance cost at June 30, 2011 Bond premium unamortized at June 30, 2011 Governmental funds capital leases payable at June 30, 2011 Claims and judgments at June 30, 2011 Governmental funds compensated absences payable at June 30, 2011 Liability for closure and postclosure costs at June 30, 2011 Other liabilities at June 30, 2011 Accrued interest payable at June 30, 2011 $ Net assets of governmental activities 45 4,490,526,004 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 $ (28,287,391) 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, 2011 Add: Internal service funds depreciation expense for the year ended June 30, 2011 263,107,484 (67,132,602) 945,773 196,920,655 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, 2011 Adjustment for the net value of assets capitalized in the current year but acquired in prior years Donations of capital assets (59,932,269) 458,408 58,859,929 (613,932) Certain revenues and expenses in the Statement of Activities that do not provide or draw on current financial resources are not reported in the funds Grant revenues earned during the year ended June 30, 2011 Collections of property taxes plus current-year revenues exceeding amount reported as earned during the year ended June 30, 2011 1,953,897 (917,506) 1,036,391 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 lease revenue bonds Principal payments on Stadium District revenue bonds Principal payments on Stadium District loan payable Principal payments on special assessment debt with governmental commitment Net decrease in bond premium Principal payments on certificates of participation Principal payments on capital leases Net decrease in deferred issuance costs Accrued interest payable on long-term debt 10,585,000 3,390,000 1,179,241 56,749 905,486 520,000 14,523,664 (707,115) 22,324 30,475,349 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 decrease in employee compensation payable Decrease in reserve for inventories Net decrease in claims and judgments Net decrease in liability for closure and postclosure costs Net increase in other liabilities 2,395,135 (44,022) 1,557,295 4,900,520 153,847 8,962,775 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 expense of internal service funds is reported with governmental activities. (41,596,627) $ Change in net assets of governmental activities 46 166,897,220 Notes to the Financial Statements (Continued) NOTE 6 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2011, the following funds reported deficits in fund balances or net assets. FUND DEFICIT Governmental Funds: Adult Probation Grants Air Quality Grants CDBG Housing Trust Clerk of the Court Grants County Attorney Grants Emergency Management Environmental Services Grants Flood Control Grants General Government Grants Human Services Grants Juvenile Probation Grants Medical Examiner Grants Parks and Recreation Grants Public Defender Grants Public Health School Grants Sheriff Grants Sheriff Rico Transportation Grants Trial Court Grants Proprietary Funds: Risk Management $ 209,971 46,014 130,930 2,900 46,431 227,535 1,001 22,218 609 2,049,595 213,798 445 1,916 8,055 3,881,030 51,754 1,700,435 7,378 15,751 29,570 $ 69,783,185 The deficits in fund balances or net assets for Adult Probation Grants, Air Quality Grants, CDBG Housing Trust, Clerk of the Court Grants, County Attorney Grants, Emergency Management, Environmental Services Grants, Flood Control Grants, General Government Grants, Human Services Grants, Juvenile Probation Grants, Medical Examiner Grants, Parks and Recreation Grants, Public Defender Grants, Public Health, School Grants, Sheriff Grants, Transportation 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. The 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, 2011, the total net assets deficit was $69,783,185. 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 during normal operations in fiscal year 2012. NOTE 7 – 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, 47 Notes to the Financial Statements (Continued) 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. Credit risk Statutes have the following requirements for credit risk: 1. Commercial paper must be of prime quality and be rated within the top two ratings by a nationally recognized rating agency. 2. Corporate bonds, debentures, and notes must be rated within the top three ratings by a nationally recognized rating agency. 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 deposits and certificates of deposit 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. Investments in repurchase agreements must have a maximum maturity of 180 days. 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. Foreign currency risk Statutes do not allow foreign investments. Deposits - At June 30, 2011, the carrying amount of the County‘s deposits was $209,570,702, and the bank balance was $213,566,063. 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. Custodial credit risk has been calculated based on the FDIC limit of $250,000. In addition, the Dodd Frank Act established that all ―non-interest bearing transaction accounts‖ be fully insured by the FDIC through December 31, 2012. At June 30, 2011, $888,300 of the County‘s bank balance was exposed to custodial credit risk as follows: Uninsured and uncollateralized $ 888,300 Investments – The County‘s investments at June 30, 2011, were as follows: Investment Type Repurchase agreement U.S. agency securities School bonds School short-term notes Mutual funds with trustee Other investments $ $ Amount 5,223,910 3,462,035,273 69,810,617 203,654,888 33,462,957 8,523,069 3,782,710,714 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 48 Notes to the Financial Statements (Continued) can also invest in commercial paper and corporate bonds with ratings that meet the statutory requirements specified above. At June 30, 2011, credit risk for the County‘s investments was as follows: Investment Type U. S. agency securities U. S. agency securities U. S. agency securities U. S. agency securities School bonds School bonds School short-term notes Mutual funds with trustee Rating Aaa Aa1 P1 Unrated Aa2 Unrated Unrated Aaa-mf Rating Agency Moody‘s Moody‘s Moody‘s Not applicable Moody‘s Not applicable Not applicable Moody‘s $ $ Amount 2,428,975,114 80,164,000 680,070,549 272,825,610 5,424,434 64,386,183 203,654,888 33,462,957 3,768,963,735 The $272,825,610 of unrated U.S. agency securities are coupon notes issued by the Federal Home Loan Bank (FHLB), the Federal Home Loan Mortgage Corporation (FHLMC), and the Federal Agricultural Mortgage Corporation (FAMC). The remaining $64,386,183 of unrated school bonds are issued by various school districts that deposit their monies with the County Treasurer. The $8,523,069 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. The $8,523,069 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, 2011, were in the FHLMC, the FHLB, the Federal National Mortgage Association (FNMA), and the FAMC. These investments were 29.1 percent, 27.3 percent, 26.9 percent, and 7.2 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, 2011, the County had the following investments in debt securities. Investment Maturities Investment Type Repurchase agreement U.S. agency securities School bonds School short-term notes Mutual funds with trustee Amount $ 5,223,910 3,462,035,273 69,810,617 203,654,888 33,462,957 $ 3,774,187,645 Less than 1 Year $ 981,679,029 2,178,507 203,654,888 33,462,957 $ 1,220,975,381 49 1–5 Years $ $ 6 - 10 Years 5,223,910 $ 5,223,910 2,480,356,244 67,632,110 $ 2,547,988,354 Notes to the Financial Statements (Continued) The $5,223,910 of repurchase agreement relates to the Stadium District which is allowed by state statute to invest monies, not held for operations, for longer periods of time. The $8,523,069 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 $ Amount of deposits 138,541 209,570,702 Amount of investments 3,782,710,714 Total $ 3,992,419,957 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 Investment Trust Fund Agency Fund Total $ 4,457,165 $ 1,529,186,626 2,374,692,019 42,787,763 $40,434,454 $ 44,891,619 861,930 9 3,904,740,575 42,787,763 $1,576,431,554 $ 2,374,692,019 $41,296,384 $ 3,992,419,957 NOTE 8 – 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 $6,718,536 of interest earned in certain other funds to be transferred to the General Fund. Substantially, all cash, deposits, and investments of the County‘s primary government are included in the County Treasurer‘s investment pool, except for $134,041 of cash on hand, $40,335,405 of deposits, $5,223,910 of investments in repurchase agreements, $33,462,957 of mutual funds with trustee, and $8,523,069 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 7 – Deposits and Investments for disclosure of the County‘s deposit and investment risks. 50 Notes to the Financial Statements (Continued) Details of each major investment classification follow: Investment Type U. S. agency securities School bonds School short-term notes Principal $ 3,463,096,255 69,832,011 203,717,300 Interest Rates .01 – 5.5% .88 – 4.20% 1.92% Maturities 7/11 – 6/14 7/11 – 3/16 7/11 Reported Amount $ 3,462,035,273 69,810,617 203,654,888 A condensed statement of the investment pool‘s net assets and changes in net assets follows. Statement of Net Assets Assets $ 3,904,977,347 $ 3,904,977,347 $ 1,529,286,234 Liabilities - Net assets Net assets held in trust for: Internal participants External participants 2,375,691,113 Total net assets held in trust $ 3,904,977,347 Statement of Changes in Net Assets Total additions $ 24,325,963,873 Total deductions 24,142,127,309 Net increase 183,836,564 Net assets held in trust: July 1, 2010 3,721,140,783 June 30, 2011 $ 3,904,977,347 NOTE 9 – 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. Governmental Funds Detention Operations Fund General Fund Receivables: Taxes Accrued interest Special assessments Total receivables $ $ 20,003,180 53,436 $ 20,056,616 $ Other Governmental Funds $ 19,486 19,486 $ 3,488,272 16,117 403,423 3,907,812 Total $ 23,491,452 89,039 403,423 $ 23,983,914 NOTE 10 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2011, of $156,441,174 as reported on the Governmental Funds balance sheet, include $66,192,159, $11,449,355, and $13,986,577 in state-shared revenues for sales taxes, vehicle license taxes, and highway user taxes, respectively; $19,475,593, $1,083,299, and $829,103 in jail tax, waste tire surcharge, and rental car surcharge, respectively, collected by the State but not received by the County; $24,569,799 in various Federal and State grants; $6,040,385 due from other governments for prisoner detention and police services; and $3,254,740 due 51 Notes to the Financial Statements (Continued) from cities and towns for Flood Control District, Library District, and Transportation Department intergovernmental agreements. In addition, the County reported $9,560,164 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 Maricopa County Medical Center to the District on January 1, 2005, the Maricopa County 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 11 – INTERGOVERNMENTAL LOANS At June 30, 2011, the County reported intergovernmental loans of $15,433,000. This amount consists of an intergovernmental loan 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. NOTE 12 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2011 was as follows: Balance July 1, 2010, 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 Governmental activities capital assets, net $ Increase 671,315,990 352,770,763 666,430,012 1,690,516,765 $ 48,945,145 220,410,445 47,856,708 317,212,298 Balance June 30, 2011 Decrease $ 6,918,854 98,220,792 17,702,266 122,841,912 $ 713,342,281 474,960,416 696,584,454 1,884,887,151 1,481,457,795 285,955,627 235,265,872 2,002,679,294 26,502,236 27,349,188 18,623,502 72,474,926 4,560,251 10,449,944 1,503,399,780 302,854,871 253,889,374 15,010,195 2,060,144,025 383,428,736 197,086,714 72,457,184 652,972,634 31,421,159 30,735,993 4,975,450 67,132,602 2,012,214 9,557,267 11,569,481 412,837,681 218,265,440 77,432,634 708,535,755 1,349,706,660 5,342,324 3,440,714 1,351,608,270 3,040,223,425 $ 322,554,622 $ 126,282,626 $ 3,236,495,421 The County pledged certain governmental activities land and buildings as collateral for various lease revenue bonds. See Note 14 – Long-term Liabilities for additional information regarding outstanding bonds at June 30, 2011. 52 Notes to the Financial Statements (Continued) On July 1, 2010, the County restated governmental activities beginning capital asset balances by $18,847,991 for the inclusion of the Housing Authority of Maricopa County. See Note 4 – Beginning Balances Restated for additional information. Depreciation expense was charged to functions as follows: Governmental activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Internal service funds Total governmental activities depreciation expense $ $ 16,426,527 30,550,872 4,249,342 4,351,927 10,348,007 260,154 945,773 67,132,602 NOTE 13 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2011, 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, Technology Improvement and Energy Conservation Projects, and Construction of Various County Facilities. Transportation Construction Projects At June 30, 2011, the Maricopa County Transportation Department had contractual commitments of $10,658,885 for construction of various roadway projects. At June 30, 2011, the County had spent $95,510,537 on these projects and had related estimated cost of completion based on the project budgets of $497,787,000, 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, 2011, the Maricopa County Flood Control District had contractual commitments of $37,080,480 for the construction of various flood control projects. At June 30, 2011, the County had spent $165,898,612 on these projects and had related estimated cost of completion based on the project budgets of $241,763,000, 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). Technology Improvement and Energy Conservation Projects At June 30, 2011, Maricopa County had contractual commitments of $4,369,084 related to major capital projects accounted for in the Technology County Improvements Fund (nonmajor governmental fund) and funded predominantly through transfers from the General Fund. At June 30, 2011, the County had spent $3,047,241 on these projects and had related estimated cost of completion based on the project budgets of $147,785,119, of which not all projects may be completed. The County had additional contractual commitments of $3,376,569 related to major capital improvement energy conservation projects accounted for in the General Fund County Improvements Fund (major governmental fund), Detention Capital Projects Fund (major governmental fund) and in the Transportation Capital Projects Fund (nonmajor governmental fund). At June 30, 2011, the County had spent $12,068,542 on these projects and had related estimated cost of completion based on the project budgets of $3,522,605, of which not all projects may be completed. 53 Notes to the Financial Statements (Continued) Construction of Various County Facilities At June 30, 2011, Maricopa County had contractual commitments of $47,625,303, relating to major capital projects accounted for in the General Fund County Improvements Fund (major governmental fund) and funded predominantly through transfers from the General Fund. At June 30, 2011, the County had spent $265,729,282 on these projects and had related estimated cost of completion based on the project budgets of $20,285,874, of which not all projects may be completed. NOTE 14 – LONG-TERM LIABILITIES The following schedule details the County‘s long-term liability and obligation activity for the year ended June 30, 2011. Balance July 1, 2010 Governmental activities: Bonds, loans, and other payables: Lease revenue bonds Certificates of participation Stadium District revenue bonds Stadium District loans Special assessment debt with governmental commitment Capital leases Plus: bond premium Total bonds, loans, and other payables Reductions Balance June 30, 2011 Due Within One Year $ 11,145,000 490,000 3,390,000 1,179,241 $ 142,140,000 2,895,000 34,515,000 8,106,857 $ 10,585,000 520,000 3,570,000 1,200,000 174,442 14,956,315 53,909 14,523,664 120,533 432,651 21,550 432,651 218,991,855 4,521,377 30,781,814 905,486 188,210,041 3,615,891 16,329,201 223,513,232 31,687,300 191,825,932 16,329,201 Additions $ 153,285,000 3,385,000 37,905,000 9,286,098 $ Other liabilities: Claims and judgments Reported and incurred but not reported claims 4,891,281 1,752,400 3,309,695 3,333,986 2,100,386 98,920,658 164,192,417 118,739,819 144,373,256 50,778,619 Liability for closure and postclosure costs 14,209,071 172,794 5,073,314 9,308,551 534,456 118,021,010 166,117,611 127,122,828 157,015,793 53,413,461 $ 341,534,242 $166,117,611 $158,810,128 $ 348,841,725 $ 69,742,662 Total other liabilities Governmental activities long-term liabilities Bonds, loans, and other payables were as follows at June 30, 2011: 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 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 on and 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 54 Notes to the Financial Statements (Continued) 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 and after July 1, 2012, are callable on July 1, 2011, and are redeemable at par plus accrued interest. The outstanding principal balance of $6,000,000 will be paid by investments held in an irrevocable trust with a fair value of $7,146,209. 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 Maricopa County 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 Maricopa County 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 10 – 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; Southeast, Southwest, San Tan, One West Madison and Sunnyslope Justice Court Facilities; and Central Court Building. 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 on and 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. 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. The following Lease Revenue Bonds were outstanding as of June 30, 2011: 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 55 INTEREST RATES MATURITY DATES 4.55 – 5.45% 3.13 – 3.38% 3.50 – 5.00% 4.00 – 5.00% 7-1-11/12 7-1-11/12 7-1-11/31 7-1-12/15 OUTSTANDING AT JUNE 30, 2011 $ 7,930,000 820,000 100,550,000 32,840,000 $ 142,140,000 Notes to the Financial Statements (Continued) Annual debt service requirements to maturity for the County‘s Lease Revenue Bonds are as follows: Governmental Activities Interest Year Ending June 30 Principal 2012 $ 10,585,000 $ 6,103,790 $ 16,688,790 Total 2013 11,205,000 5,602,040 5,602,040 16,807,040 2014 11,375,000 5,118,505 5,118,505 16,493,505 2015 11,840,000 4,579,180 4,579,180 16,419,180 2016 12,470,000 4,016,330 16,486,330 2017-21 20,195,000 16,381,375 36,576,375 2022-26 25,405,000 11,056,240 36,461,240 2027-31 31,905,000 4,484,525 36,389,525 2032 7,160,000 125,300 7,285,300 Total $ 142,140,000 $ 57,467,285 $ 199,607,285 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, 2011, $32,215,000 of bonds outstanding are considered defeased as summarized below. Refunded and Refinanced Obligations Outstanding Issue Principal Series 2001 Lease Revenue Bonds $ 32,215,000 Call Date July 1, 2011 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 Maricopa County 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 10 – Due From Other Governmental Units for additional information. The following Certificates of Participation were outstanding at June 30, 2011: DESCRIPTION INTEREST RATES MATURITY DATES 5.10 – 5.50% 7-1-11/15 AMOUNT OF ISSUE 2000 Certificates of Participation $ 6,975,000 OUTSTANDING AT JUNE 30, 2011 $ Annual debt service requirements to maturity for certificates of participation are as follows: Year Ending June 30 2012 2013 2014 2015 2016 Total $ $ 56 Governmental Activities Principal Interest 520,000 $ 140,490 545,000 113,060 575,000 83,653 610,000 51,945 645,000 17,737 2,895,000 $ 406,885 2,895,000 Notes to the Financial Statements (Continued) 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 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 $43,366,120, payable through June 2019. Principal and interest paid for the current year and total car rental surcharge revenues were $5,418,694 and $4,988,266, respectively. The Stadium District had the following revenue bonds outstanding at June 30, 2011: DESCRIPTION AMOUNT OF ISSUE 2002 Revenue Refunding Bonds $ 58,225,000 INTEREST RATES MATURITY DATES 5.25 — 5.375% 6-1-12/19 OUTSTANDING AT JUNE 30, 2011 $ 34,515,000 Annual debt service requirements to maturity for Stadium District bonds are as follows: Governmental Activities Year Ending June 30 2012 2013 2014 2015 2016 2017-19 Total Principal $ 3,570,000 3,760,000 3,960,000 4,170,000 4,395,000 14,660,000 $ 34,515,000 $ $ Interest 1,850,719 1,663,294 1,461,194 1,248,344 1,024,206 1,603,363 8,851,120 Stadium District Loans Payable On September 10, 2007, the Stadium District entered into a cost-sharing agreement with the Arizona Professional Baseball Team Limited Partnership (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 nine years, beginning December 2009 and ending in December 2017. 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. 57 Notes to the Financial Statements (Continued) Annual debt service requirements to maturity for Stadium District loans payable are as follows: Governmental Activities Year Ending June 30 2012 2013 2014 2015 2016 2017-2021 $ $ Total Principal 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 2,106,857 8,106,857 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 $568,658 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 $120,533 payable through July 2018. 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 $64,991 and $28,253, respectively. Special assessment bonds currently outstanding for governmental activities are as follows: AMOUNT OF ISSUE DESCRIPTION Queen Creek Water Marquerite Drive 7th Street North Plymouth Street Total $ 301,960 60,670 60,059 145,969 $ 568,658 INTEREST RATES MATURITY DATES 4.875% 9.000% 8.000% 8.000% 7-1-11/17 7-1-11 1-1-12/14 7-1-11/18 OUTSTANDING AT JUNE 30, 2011 $ 12,912 3,212 13,909 90,500 $ 120,533 Annual debt service requirements to maturity for special assessment debt with governmental commitment are as follows: Governmental Activities Year Ending June 30 2012 2013 2014 2015 2016 2017 – 18 Total Principal $ $ 21,550 22,447 7,850 4,763 16,441 47,482 120,533 Interest $ 8,498 6,944 5,790 5,103 4,312 5,435 36,082 $ Capital Leases The County has entered into various lease-purchase agreements, which are non-cancellable, for the acquisitions of the following equipment: Governmental Activities Computer systems and equipment Accumulated depreciation $ 196,626 (87,455) Net value of leased capital assets $ 109,171 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 58 Notes to the Financial Statements (Continued) are contingent on budgetary appropriations each fiscal year. The assets are capitalized at total principal cost. The following schedule details debt service requirements to maturity for the County‘s capital leases payable at June 30, 2011. Governmental Activities Year Ending June 30 2012 $ Total minimum lease payments Amount representing interest 441,776 441,776 (9,125) Present value of net minimum lease payments $ 432,651 The present value of net minimum lease payments at June 30, 2011, of $432,651 exceeds the total capital assets of $196,626 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 Certificates of participation Stadium District revenue bonds Stadium District loans Special assessment debt with governmental commitment Capital leases Claims and judgments County Improvement Debt Fund County Improvement Debt Fund Stadium District Debt Service Fund (nonmajor debt service fund) Ballpark Operations Fund (nonmajor special revenue fund) Special Assessment Fund (nonmajor debt service fund) General Fund General Fund, Solid Waste Management Fund (nonmajor special revenue fund) and Risk Management Fund (internal service fund) Risk Management Fund and Employee Benefits Trust Fund (internal service funds) Solid Waste Management Fund (nonmajor special revenue fund) Reported and incurred but not reported claims Liability for closure and postclosure costs 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, 2011, the allowable six and fifteen percent limits were $2,979,752,617 and $7,449,381,543, respectively. The County had no outstanding general obligation debt at June 30, 2011, and was therefore within the legal debt margin. Arbitrage Compliance The County is in compliance with all Federal arbitrage regulations for tax-exempt debt securities. As of June 30, 2011, the County had no arbitrage liability. NOTE 15 – MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS The County has five landfills which are subject to closure and postclosure care requirements. Federal and State 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. 59 Notes to the Financial Statements (Continued) The County‘s last remaining landfill stopped accepting waste May 2007 and the final cover was completed in October 2010. At June 30, 2011, the County updated the estimates required to pay for closure, cleanup, remedial actions and monitoring at the County's five landfill sites, in accordance with generally accepted accounting principles. The County estimated these costs to be approximately $9,308,551. The County‘s estimate for closure and postclosure care requirements for the five landfills are subject to change due to inflation, changes in technology, and changes in regulations, or results of the investigational study. 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 2011. According to Federal and State 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 16 – MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT On July 1, 2010, the County renewed the $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, 2011. Outstanding principal and interest is due on June 30 of each year. During fiscal year 2011, the County had not borrowed against the line of credit. The municipal revolving line of credit was renewed to June 30, 2012. On July 1, 2010, the County entered into a $5,649,751 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 June 30, 2011. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2011, the letter of credit had not been drawn upon. The irrevocable standby letter of credit was renewed to December 31, 2011. An amendment will be issued on January 1, 2012 for the new liability amount. NOTE 17 – OPERATING LEASES The County‘s operating leases are for land, buildings, office equipment, and vehicles under the provisions of various long-term lease agreements classified as operating leases for accounting purposes. Rental expenses under the terms of these operating leases for governmental activities were $11,716,079 for the year ended June 30, 2011. These operating leases have remaining lease terms from one to eight 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, 2011, are as follows: Governmental Activities $ 10,062,356 9,348,564 8,340,652 6,798,874 5,309,708 2,934,466 Year Ending June 30 2012 2013 2014 2015 2016 2017-19 Total minimum payments required 60 $ 42,794,620 Notes to the Financial Statements (Continued) NOTE 18 – RISK MANAGEMENT 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 is exposed to various risks 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 all such risks of loss, including workers‘ compensation and employees‘ health and accident insurance. 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 2.00 percent annual rate of return on investments. Accrued actuarial liabilities at June 30, 2011, for each insurable area follow: Auto liability General liability Workers‘ compensation Medical malpractice Auto physical damage Property Professional liability Environmental property damage Environmental liability Unallocated Total $ $ 2,207,470 78,580,607 13,859,844 19,317,410 908,271 506,609 989,147 3,004,454 7,250,972 5,633,403 132,258,187 Changes in the unpaid claims liability reported in the Risk Management Fund follow: Year 2008-09 2009-10 2010-11 $ Balance July 1 58,072,094 62,429,120 90,415,628 Current-Year Claims And Changes In Estimates $ 13,180,821 37,749,796 53,447,553 Claims Payments $ (8,823,795) (9,763,288) (11,604,994) Balance June 30 $ 62,429,120 90,415,628 132,258,187 The Employee Benefits Trust Fund (internal service fund) accounts for the financing of the insured risk of loss for certain health benefits (medical, dental, short-term disability, and medical incentives) to eligible employees and their dependents. The liability for medical, dental, short-term disability, behavioral health, and vision claims is based on fiscal year 2011 actuarial reports. Accrued actuarial liabilities at June 30, 2011, for each insurable area follow: Medical Dental Short-term disability Behavioral health Vision Total $ $ 61 10,991,703 409,517 443,653 178,642 91,554 12,115,069 Notes to the Financial Statements (Continued) Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2008-09 2009-10 2010-11 Balance July 1 $ 10,546,651 11,497,701 8,505,030 Current-Year Claims And Changes In Estimates $ 99,512,245 98,619,427 110,744,864 Claims Payments $ (98,479,540) (101,612,098) (107,134,825) Other Payments $ (81,655) Balance June 30 $ 11,497,701 8,505,030 12,115,069 Other Claims The County has exposure to the following claim areas carrying no commercial insurance: Indigent Health Care Litigation - At June 30, 2011, 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%. 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 appealed these decisions to the Arizona Court of Appeals, which were reversed and remanded in March 2010. 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 were applied; therefore, no accrual for potential liability can be reasonably determined. The County also has outstanding claims of approximately $4.4 million at June 30, 2011, pertaining to disputes regarding property taxes levied. No accrual has been made as the amounts are not material to the County. In the event the County is not successful in defending these claims, the County will account for the payment of the claims as a reduction in the current year tax levy. The allocation of the property tax will be based on the levy year in which the claim has arisen. NOTE 19 – 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, 2011, the County reported $3,333,986 of 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, 2011, the County had several facilities under consideration for demolition or renovation. The County‘s reported pollution remediation liability 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 at the sites, if any. 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. An audit of Countyowned facilities was conducted to ensure compliance with Federal regulations. The County‘s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The 62 Notes to the Financial Statements (Continued) estimate accounts for pre-cleanup activities, including an engineering study which recommended a method for collecting and containing stormwater runoff. Maricopa County also has estimated and reported a pollution remediation obligation in the Risk Management internal service fund financial statements for the current or potential detrimental effects of existing pollution. Prior to fiscal year 2011, these liabilities were included as part of claims and judgments in the government-wide financial statements. Due to a revision in the Risk Management Trust (Trust), these claims are now included in the Trust as reported but unpaid claims. See Note 18 – Risk Management. At June 30, 2011, the County reported $10,255,426 of reported but unpaid claims, which is comprised of the following pollution remediation obligations. 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. The County‘s reported pollution remediation liability is an 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. 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. The County‘s reported pollution remediation liability is an estimate provided by a professional environmental consultant. Queen Creek Landfill – In March 2010, the Queen Creek landfill was issued a Notice of Violation (NOV) alleging violations of the Clean Air Act while the landfill was in operation. The County‘s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The estimate consists of field work costs. Vehicle Wash Facility – In June 2011, the Vehicle Wash Facility was removed as part of a project upgrade. During the removal process, possible soil contamination was observed. In order to determine if there was contamination pursuant to Arizona Department of Environmental Quality Soil Remediation Levels, Arizona Administrative Code Title 18, Chapter 7, Article 2; the County began a characterization of possible contamination, if any. The County‘s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The estimate consists of the costs for the site characterization. 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. 63 Notes to the Financial Statements (Continued) NOTE 20 – 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. 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 and participating political subdivisions. The PSPRS, acting as a common investment and administrative agent, is governed by a seven-member board, known as The Board of Trustees, 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 state, county, and local correction officers; dispatchers; and probation, surveillance, and juvenile detention officers. The CORP is governed by The Board of Trustees 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 Board of Trustees 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. ASRS 3300 N. Central Avenue P.O. Box 33910 Phoenix, AZ 85067-3910 (602) 240-2000 or (800) 621-3778 www.azasrs.gov PSPRS, CORP, EORP 3010 E. Camelback Road, Suite 200 Phoenix, AZ 85016-4416 (602) 255-5575 www.psprs.com 64 Notes to the Financial Statements (Continued) 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, 2011, active ASRS members were required by statute to contribute at the actuarially determined rate of 9.85 percent (9.6 percent for retirement and 0.25 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 9.85 percent (9.01 percent for retirement, 0.59 percent for health insurance premium, and 0.25 percent for long-term disability) of the members‘ annual covered payroll. The County‘s contributions for the current and 2 preceding years, all of which were equal to the required contributions, were as follows: Health Benefit Long-Term Year ended June 30 Retirement Fund Supplement Fund Disability Fund 2011 $ 37,189,491 $ 2,435,272 $ 1,031,462 2010 34,698,556 2,745,929 1,663,726 2009 35,111,385 4,218,640 2,197,279 Agent Plans - For the year ended June 30, 2011, 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 23.02 percent, the aggregate of which is the actuarially required amount. The health insurance premium portion of the contribution rate was actuarially set at 1.51 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 33.85 percent, the aggregate of which is the actuarially required amount. The health insurance premium portion of the contribution rate was actuarially set at 1.65 percent of covered payroll. Active CORP (Maricopa County Corrections Officers) members were required by statute to contribute 8.41 percent of the members‘ annual covered payroll. In addition, the County was required to contribute 7.66 percent. The aggregate of members‘ and the County‘s contributions is the actuarially required amount. The health insurance premium portion of the contribution rate was actuarially set at 0.86 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 11.64 percent. The health insurance premium portion of the contribution rate was set at 1.33 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 17.42 percent of the members‘ annual covered payroll. The health insurance premium portion of the contribution rate for normal cost was actuarially set at 1.77 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, 2011, were established by the June 30, 2009, 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 65 Notes to the Financial Statements (Continued) 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 2011 contribution requirements, are as follows: Actuarial valuation date Actuarial cost method Amortization method June 30, 2009 Projected unit credit Level percent closed for unfunded actuarial accrued liability, open for excess 27 years for unfunded actuarial accrued liability, 20 years for excess 7-year smoothed market value Remaining amortization period Asset valuation method Actuarial assumptions: Investments rate of return Projected salary increases includes inflation at 8.50% 5.50%-8.50% for PSPRS and CORP, 5.00% for EORP 5.50% for PSPRS and CORP; 5.00% for EORP Annual Pension Cost/OPEB Cost - The County‘s pension/OPEB cost for the agent plans for the year ended June 30, 2011, and related information follows. (Sheriff) PSPRS (Investigators) CORP (Corrections) (AOC Probation) EORP Pension: Annual pension/OPEB cost Contributions made $ 8,245,124 8,245,124 $ 232,836 unknown 232,836 $ 5,466,938 5,466,938 $ 5,368,042 5,368,042 $ 8,582,605 8,582,605 Health Insurance: Annual pension/OPEB cost Contributions made $ 749,708 749,708 $ 15,384 15,384 $ 846,700 846,700 $ 692,483 692,483 $ 441,706 441,706 Trend Information – Annual pension cost information for the current and two preceding years for each of the agent plans follows. Plan Year Ended June 30, 2011 Pension: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) CORP (AOC Probation) EORP Health Insurance: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) CORP (AOC Probation) EORP Year Ended June 30, 2010 Pension: 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 $ 8,245,124 232,836 5,466,938 5,368,042 8,582,605 100.0% 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 0 $ 749,708 15,384 846,700 692,483 441,706 100.0% 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 0 $ 8,626,734 186,669 6,887,446 3,129,385 6,841,525 100.0% 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 0 66 Notes to the Financial Statements (Continued) Health Insurance: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) CORP (AOC Probation) EORP Year Ended June 30, 2009 Pension: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) CORP (AOC Probation) EORP Health Insurance: PSPRS (Sheriff) PSPRS (Investigators) CORP (Corrections) CORP (AOC Probation) EORP $ 661,753 13,112 666,285 130,391 341,585 100.0% 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 0 $ 9,590,556 246,353 6,914,379 5,164,621 6,723,511 100.0% 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 0 $ 704,911 20,288 666,285 137,570 155,555 100.0% 100.0% 100.0% 100.0% 100.0% $ 0 0 0 0 0 Funded Status - The funded status of the plans as of the most recent valuation date, June 30, 2011, 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 Board of Trustees 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. PSPRS 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)) CORP Investigators Pension Health Insurance Pension Health Insurance $311,167,927 $ 8,648,070 $ 8,233,625 $196,391,900 $ 0 $114,776,027 63.1% $ 39,073,987 293.7% Corrections AOC Probation Pension Health Insurance Pension Health Insurance $ 150,045 $243,490,591 $ 9,629,968 $ 380,184,661 $ 17,129,314 $ 4,012,324 $ 0 $ 187,197,363 $ 0 $ 271,283,590 $ $ 8,648,070 $ 4,221,301 $ 150,045 $ 56,293,228 $ 9,629,968 $ 108,901,071 $ 17,129,314 0.0% $39,073,987 48.7% $ 733,293 0.0% $ 733,293 76.9% $ 82,423,468 0.0% $82,423,468 71.4% $ 96,518,878 0.0% $ 96,518,878 22.1% 575.7% 20.5% 68.3% 11.7% 112.8% 17.8% 0 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 includes inflation at June 30, 2011 Entry Age Normal Level percent-of-pay closed 25 years for unfunded actuarial accrued liability, 20 years for excess 7-year smoothed market value 8.25% 5.0%-8.0% for PSPRS and CORP, 4.50% for EORP 5.0% for PSPRS and CORP; 4.50% for EORP 67 Notes to the Financial Statements (Continued) NOTE 21 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2011, were as follows: Payable To Nonmajor General Governmental Fund Funds $ 9,975,159 $ 941 611,429 $ 10,586,588 $ 941 Payable from Nonmajor Governmental Funds Internal Service Funds Total Due From Total Due To $ 9,976,100 611,429 $ 10,587,529 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, 2011. Interfund transfers – interfund transfers for the year ended June 30, 2011, were as follows: General Fund Transfers Out General Fund $ Transfers In Detention General Fund Capital County Detention County Operations Fund Improvement Debt Fund $176,466,336 $ $ Detention Operations Fund Total Transfers In Internal Governmental Funds Service Funds $ 42,920,837 $ 151,835,061 $ Total Transfers Out 49,990 $ 371,272,224 9,412,000 206,735,710 11,649 General Fund County Improvements Fund Internal Service Funds Nonmajor Improvements Fund 197,323,710 County Improvement Debt Fund Nonmajor Governmental Funds Projects Fund 11,649 11,701,866 99,022 1,380,291 $ 1,479,313 11,701,866 1,152,665 $176,466,336 $ 12,866,180 $ 197,323,710 960,000 83,739,490 $ 43,880,837 $244,986,551 $ 85,951,177 1,380,291 $ 677,052,917 49,990 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 $ 10,586,588 Due To Other Funds $ $ Special Revenue Funds Detention Operations Debt Service Funds County Improvement Debt Capital Projects Funds General Fund County Improvements Detention Capital Projects NONMAJOR FUNDS Special Revenue Funds Adult Probation Grants Air Quality Grants Air Quality Fees Animal Control Field Operations Animal Control License/Shelter Ballpark Operations Cactus League Operations CDBG Housing Trust Correctional Health Grants County Attorney Grants Environmental Services Environmental Health Environmental Services Grants Flood Control Transfers In 1,479,313 Transfers Out $ 371,272,224 176,466,336 206,735,710 12,866,180 11,649 43,880,837 197,323,710 11,701,866 41,077 396,385 255,482 2,967,467 115,500 941 68 106,467 1,124,030 2,269,259 911,887 4,167 87,237 87,237 87,237 87,237 87,237 87,237 48,231 982,677 87,237 154,297 87,237 87,237 87,237 40,000,000 Notes to the Financial Statements (Continued) Due From Other Funds Funds Flood Control Grants Human Services Grants Inmate Health Services Juvenile Probation Grants Lake Pleasant Recreation Library District Medical Examiner Grant Non-Departmental Grants Parks Enhancement Parks and Recreation Grants Parks Souvenir Planning and Development Fees Public Health Public Health Fees Sheriff Grants Sheriff RICO Solid Waste Management Transportation Grants Transportation Operations Trial Courts Grants $ Due To Other Funds $ Debt Service Fund Stadium District Debt Service $ 87,237 87,237 87,237 169,182 87,237 108,483 87,237 87,237 87,237 36,495 87,237 87,237 29,089 87,237 87,237 290,925 87,237 24,457 87,237 87,237 87,237 87,237 87,237 87,237 87,237 Internal Service Funds Employee Benefits Trust Sheriff Warehouse $ 10,587,529 $ 87,237 87,237 87,237 87,237 12,463 87,237 87,237 87,237 1,914 87,237 87,237 3,159,605 87,237 87,237 1,676,941 87,237 50,061 87,237 87,237 87,237 87,237 87,237 87,237 Capital Projects Funds County Improvement Detention Technology Capital Improvement Flood Control Capital Projects Intergovernmental Capital Projects Library District Capital Improvement Long Term Project Reserve Technology Capital Improvement Transportation Capital Projects Total 87,237941 3,292,057 87,237 Transfers In 87,237 87,237 87,237 611,429 87,237 10,587,529 $ Transfers Out $ 87,237 87,237 600,000 36,215 29,753 87,237 231,582 87,237 87,237 87,237 250,435 87,237 108,483 87,237 14,412 87,237 99,022 87,237 87,237 43,659 18,198 87,237 87,237 36,851,957 87,237 87,237 87,237 1,179,241 87,237 87,237 87,237 10,000,000 87,237 40,000,000 87,237 87,237 305,585 231,582 87,237 1,090,018 151,700,000 87,237 36,798,427 87,237 87,237 87,237 87,237 115,500 87,237 87,237 87,237 12,753 87,237 87,237 87,237 87,237 87,237 49,990 87,237 87,237 677,052,917 87,237 87,237 1,380,291 87,237 87,237 677,052,917 87,237 2,967,467 87,237 $ NOTE 22 – SUBSEQUENT EVENTS On August 15, 2011, Maricopa County contributed cash of $744,115 for early redemption of the Lease Revenue Bonds, Series 2001, which mature July 1, 2012, at par plus accrued interest. On August 15, 2011, Maricopa County contributed cash of $2,390,550 for early redemption of the Certificates of Participation, Series 2000, which mature July 1, 2012 through July 1, 2015, at par plus accrued interest. 69 70 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, 2011 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes Licenses and permits $ 508,350,934 $ 508,350,934 $ 511,166,991 $ 2,816,057 2,285,000 2,285,000 2,330,510 45,510 497,222,253 497,244,791 514,511,445 17,266,654 Charges for services 38,476,227 38,476,227 40,745,729 2,269,502 Fines and forfeits 14,440,741 14,440,741 14,356,769 (83,972) 4,228,226 4,228,226 5,745,692 1,517,466 7,000,000 1,072,003,381 7,000,000 1,072,025,919 8,611,795 1,097,468,931 1,611,795 25,443,012 Intergovernmental Miscellaneous Interest income Total revenues EXPENDITURES General government County Assessor 23,117,643 23,353,782 22,602,351 751,431 Board of Supervisors 2,976,084 3,235,485 2,721,928 513,557 County Call Center 1,363,590 1,363,590 1,361,320 2,270 County Managers Office 5,131,362 5,229,662 2,852,842 2,376,820 3,301,004 Elections 20,300,000 20,300,000 16,998,996 Enterprise Technology 7,181,486 6,922,085 6,915,621 6,464 Finance 3,248,204 3,448,204 2,923,799 524,405 General Litigation 5,879,933 2,732,665 2,688,245 44,420 Internal Audit 1,572,354 1,572,354 1,543,463 28,891 Management & Budget 3,311,167 3,311,167 2,782,529 528,638 Materials Management 2,021,461 2,021,461 1,836,007 185,454 45,575,611 49,025,070 37,500,362 11,524,708 2,095,117 2,095,117 1,646,363 448,754 322,241 322,241 253,973 68,268 Special Litigation 1,995,953 1,297,584 1,246,566 51,018 Treasurer 3,865,769 3,865,769 3,848,100 17,669 Workforce Management and Development 2,923,840 2,923,840 2,834,568 89,272 223,162,822 356,044,637 220,379,748 353,399,824 94,367,525 206,924,558 126,012,223 146,475,266 Adult Probation 58,479,190 58,376,613 57,178,520 1,198,093 Clerk of Superior Court 30,185,299 30,185,299 29,560,072 625,227 Constables 2,702,337 2,724,875 2,603,528 121,347 Correctional Health 3,071,763 3,071,763 3,071,669 94 56,599,487 56,814,153 56,789,618 24,535 3,610,224 7,179,747 7,064,040 115,707 173,881 173,881 163,261 10,620 14,353,098 14,353,098 14,242,692 110,406 Public Works Recorder Research and Reporting General Government Total general government Public safety County Attorney County Attorney Civil Emergency Management Justice Courts Juvenile Defender 4,275,150 4,613,930 4,488,976 124,954 Juvenile Probation 16,124,198 15,124,198 14,830,607 293,591 The notes to the budgetary comparison schedules are an integral part of this schedule 73 (continued) Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund (Continued) For the Fiscal Year Ended June 30, 2011 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) Public safety (cont.) Legal Defender $ Medical Examiner Office Contract Counsel Office of Legal Advocate Public Defender Public Fiduciary Sheriff Trial Courts Total public safety 10,483,641 $ 10,566,830 $ 9,331,000 6,757,790 6,757,790 6,756,691 25,571,574 25,303,044 26,498,414 $ 1,235,830 1,099 (1,195,370) 9,231,434 9,272,332 8,803,843 468,489 34,439,124 34,244,787 34,402,556 (157,769) 2,459,102 2,459,102 2,450,947 8,155 61,380,923 61,380,923 60,962,618 418,305 71,111,106 411,009,321 72,298,636 414,901,001 72,273,704 411,472,756 24,932 3,428,245 Health, welfare and sanitation Animal Control Services 257,903 257,903 257,903 Environmental Services 3,878,840 3,878,840 4,014,202 (135,362) 215,648,424 215,648,424 180,710,206 34,938,218 Health Care Programs Human Services Public Health Total health, welfare and sanitation 2,063,610 2,063,610 2,025,659 37,951 10,752,840 232,601,617 10,752,840 232,601,617 10,021,500 197,029,470 731,340 35,572,147 693,436 693,436 693,162 274 2,298,381 2,298,381 2,157,907 140,474 1,002,647,392 1,003,894,259 818,277,853 185,616,406 69,355,989 68,131,660 279,191,078 211,059,418 Culture and recreation Parks and Recreation Education Superintendent of Schools Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance – beginning of period 10,621,605 12,001,897 12,100,918 99,021 (371,122,173) (360,500,568) (371,278,136) (359,276,239) (371,272,224) (359,171,306) 5,912 104,933 (291,144,579) (291,144,579) (79,980,228) 211,164,351 453,144,579 453,144,579 509,523,800 56,379,221 Changes in nonspendable resources: Decrease in inventories Fund balance – ending of period (141,169) $ 162,000,000 $ 162,000,000 The notes to the budgetary comparison schedules are an integral part of this schedule. 74 $ 429,402,403 (141,169) $ 267,402,403 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Detention Operations Fund For the Fiscal Year Ended June 30, 2011 Variance With Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 104,216,987 $ 104,216,987 $ Intergovernmental Charges for services Interest income $ 8,234,816 2,819,911 2,819,911 31,570,240 31,570,240 33,332,086 1,761,846 2,600,000 2,600,000 2,495,016 (104,984) 138,387,227 138,387,227 31,068 151,129,884 31,068 12,742,657 327,852,526 327,840,526 283,859,560 43,980,966 873,771 328,726,297 864,077 328,704,603 708,476 284,568,036 155,601 44,136,567 (190,339,070) (190,317,376) (133,438,152) 56,879,224 Miscellaneous Total revenues 112,451,803 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance – beginning of period 176,466,336 176,476,030 176,466,336 (9,694) (206,723,710) (30,257,374) (206,745,404) (30,269,374) (206,735,710) (30,269,374) 9,694 (220,596,444) (220,586,750) (163,707,526) 56,879,224 220,596,444 220,596,444 220,631,161 34,717 Changes in nonspendable resources: Increase in inventories Fund balance– ending of period 12,266 $ $ The notes to the budgetary comparison schedules are an integral part of this schedule 75 9,694 $ 56,935,901 12,266 $ 56,926,207 Maricopa County Required Supplementary Information Note to Budgetary Comparison Schedules June 30, 2011 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. prohibits 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 Internal Service 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. 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 $ 289,812,683 (10,621,605) Excess of revenues over expenditures from the budgetary comparison schedule $ 279,191,078 76 Maricopa County Required Supplementary Information Schedule of Agent Retirement Plans’ Funding Progress June 30, 2011 Public Safety Personnel Retirement System As of the financial statement the agent plans’ (1) issue date,(2) (3) fiscal year(4)2011 actuarial (5) reports were (6) not Unfunded available. Therefore, the information presented below is based on the most recent data available for Liability as a these plans. Funding Percentage of Actuarial Valuation Date Sheriff Pension 6/30/2011 6/30/2010 6/30/2009 Health Insurance 6/30/2011 6/30/2010 6/30/2009 Investigators Pension 6/30/2011 6/30/2010 6/30/2009 Health Insurance 6/30/2011 6/30/2010 6/30/2009 Actuarial Value of Plan Assets Actuarial Accrued Liability (Liability) Excess (1)-(2) $ 196,391,900 187,743,372 184,754,232 $ 311,167,927 281,045,364 269,293,904 $ 0 0 0 $ $ 4,012,324 4,319,676 4,564,329 $ 0 0 0 Funded Ratio (1)/(2) Annual Covered Payroll Covered Payroll (3)/(5) $(114,776,027) (93,301,992) (84,539,672) 63.1% 66.8% 68.6% $ 39,073,987 41,689,799 44,607,743 293.7% 223.8% 189.5% 8,648,070 7,474,553 7,162,362 $ (8,648,070) (7,474,553) (7,162,362) 0.0% 0.0% 0.0% $ 39,073,987 41,689,799 44,607,743 22.1% 17.9% 16.1% $ 8,233,625 7,964,961 7,719,853 $ (4,221,301) (3,645,285) (3,155,524) 48.7% 54.2% 59.1% $ 733,293 767,797 837,703 575.7% 474.8% 376.7% $ 150,045 126,203 148,217 0.0% 0.0% 0.0% $ 733,293 767,797 837,703 20.5% 16.4% 17.7% $ (150,045) (126,203) (148,217) Corrections Officer Retirement Plan Actuarial Valuation Date Correction Officers Pension 6/30/2011 6/30/2010 6/30/2009 Health Insurance 6/30/2011 6/30/2010 6/30/2009 AOC Probation Officers Pension 6/30/2011 6/30/2010 6/30/2009 Health Insurance 6/30/2011 6/30/2010 6/30/2009 (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 (6) Unfunded Liability as a Percentage of Covered Payroll (3)/(5) $ 187,197,363 $ 243,490,591 172,709,875 204,757,256 159,924,267 186,395,265 $(56,293,228) (32,047,381) (26,470,998) 76.9% 84.3% 85.8% $ 82,423,468 87,326,372 88,455,819 68.3% 36.7% 29.9% $ 9,629,968 6,875,978 6,325,348 $ (9,629,968) (6,875,978) (6,325,348) 0.0% 0.0% 0.0% $ 82,423,468 87,326,372 88,455,819 11.7% 7.9% 7.2% $ 271,283,590 $ 380,184,661 244,483,431 322,172,825 230,306,951 296,763,462 $(108,901,071) (77,689,394) (66,456,511) 71.4% 75.9% 77.6% $ 96,518,878 97,042,154 102,605,280 112.8% 80.1% 64.8% $(17,129,314) (13,685,599) (12,993,540) 0.0% 0.0% 0.0% $ 96,518,878 97,042,154 102,605,280 17.8% 14.1% 12.7% $ 0 $ 0 0 0 $ 0 0 17,129,314 13,685,599 12,993,540 77 Maricopa County Required Supplementary Information Note to Schedule of Agent Retirement Plans’ Funding Progress June 30, 2011 NOTE 1 – ACTUARIAL INFORMATION AVAILABLE 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. 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. 78 Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets For the Fiscal Year Ended June 30, 2011 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (71-100) Roadway System FY 2011 87% FY 2010 87% FY 2009 86% FY 2008 84% FY 2007 82% Percentage of Lane Miles in Substandard Condition < 55 Roadway System FY 2011 FY 2010 FY 2009 FY 2008 FY 2007 1% 1% 1% 2% 2% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2011 FY 2010 FY 2009 FY 2008 $ 24,225,831 $ 29,714,126 $ 33,256,730 $ 26,678,268 $ 10,343,500 $ 12,525,108 $ 11,473,000 $ 11,236,488 FY 2007 $ 12,489,748 $ 13,101,752 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 2011 99% FY 2010 99% FY 2009 97% FY 2008 99% FY 2007 98% Percentage of Bridges with a Sufficiency Rating < 50 Bridge System FY 2011 0% FY 2010 0% FY 2009 0% FY 2008 0% FY 2007 0% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2011 $4,517,000 $2,150,411 FY 2010 $1,730,000 $ 966,743 FY 2009 $2,820,000 $ 955,766 FY 2008 $ 473,000 $ 151,752 FY 2007 $ 950,000 $ 528,034 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). . 79 80 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 authorized by A.R.S. §49-480 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. §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 Title 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). 83 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. §12-284E 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. §12-284.01. 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) Establishes the ability of counties to offer special supervision programs for non-violent offenders in order to divert them from incarceration (A.R.S. §11-361). Funds are used to provide alternatives to criminal prosecution to appropriate offenders so that they can receive drug rehabilitation services without the cost of prosecution. 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 relations 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. Emancipation Administrative Costs – (Fund 277) Emancipation Administrative Costs Fund was established by A.R.S. §12-2456. The fund consists of filing fee for a petition for emancipation of minor pursuant to A.R.S. §12-284, subsection J. 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. 84 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. Flood Control Grants — (Fund 989) Flood Control Grants was set up to account for all grant activity administered by the Flood Control District. General Government Grants — (Fund 249) General Government Grants was set up to account for all non-department specific grant activity. Housing Authority — (Fund 590) Accounts for the activities of the Housing Authority of Maricopa County. 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 Courts 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. Justice Courts Photo Enforcement – (Fund 237) Established by the Board of Supervisors on November 4, 2009 (C24-10-001-M-00) to account for the fee Justice Courts fee revenue and operating expenditures associated with photo radar traffic enforcement. 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. 85 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 pursuant to A.R.S. §11-941. 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 (A.R.S. §11-941). 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. 86 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. Small School Service — (Fund 669) Established per A.R.S. §15-365 to account for service programs operated through the County School Superintendent. Solid Waste Grants — (Fund 581) Accounts for the grant activity administered by Solid Waste Management. 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. 87 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. 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 — (Funds 435/440/441) Accounts for capital projects funded through the issuance of long-term obligations. Detention Technology Capital Projects — (Fund 461) Established by the Board of to account for Detention Fund resources restricted for technology improvement projects consistent with A.R.S. §42-6109.01. 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. Library District Capital Improvement — (Fund 465) Accounts for Library District capital projects funded from Library District revenue transfers. 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. Technology Capital Improvement – (Fund 460) Established by the Board of Supervisors to account for General Fund and other resources committed for technology improvement projects. 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. 88 89 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2011 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 2,678,898 2,444,777 Receivables 139,706 82 3,530,379 1,398,510 219 90 Due from other funds Due from other governmental units 336,729 588,975 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 2,678,898 $ 2,444,859 $ 476,435 $ $ 133,508 $ 94,316 $ 119,928 $ 3,530,648 $ 588,975 $ 32,187 $ 122,564 $ 1,398,600 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation payable 3,635 50,762 110,471 Accrued liabilities 16,967 4,070 27,585 99 Due to other funds 396,385 Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 515,716 99,073 Deposits held for other parties 133,508 97,951 2,545,390 2,346,908 Total fund balances 2,545,390 2,346,908 Total liabilities and fund balances $ 2,678,898 Total liabilities 686,406 142,757 634,989 31,655 Fund balances: Nonspendable Restricted 3,387,891 1,366,945 Committed Assigned (209,971) Unassigned $ 2,444,859 90 (46,014) (209,971) $ 476,435 3,387,891 $ 3,530,648 (46,014) $ 588,975 1,366,945 $ 1,398,600 SPECIAL REVENUE FUNDS Animal Animal Control Grants Control License/Shelter $ $ 1,165,715 2,680 Ballpark Operations $ 83,484 Cactus CDBG Check Child League Operations Housing Trust Enforcement Program Support Enhancement $ $ 5,071,829 8,403,221 3,573,627 299 510 217 $ 30,985 300 $ 143,727 575,031 35 1,430,358 62,425 63,793 $ 1,165,715 $ 5,137,233 $ 8,551,008 $ 3,573,844 $ 1,461,343 $ 144,027 $ $ 202,782 $ 102,300 $ 6,506 $ 2,270 $ 549,458 $ 1,822 $ 4,419 65,375 4,880 6,584 575,066 4,222 317 911,887 124,344 207,201 167,992 11,386 2,270 958,514 4,906,816 8,539,622 3,571,574 958,514 4,969,241 8,539,622 3,571,574 1,592,273 6,044 62,425 137,983 575,066 137,983 575,066 (130,930) $ 1,165,715 $ 5,137,233 $ 8,551,008 $ 3,573,844 (130,930) $ 1,461,343 $ 144,027 $ 575,066 (continued on next page) 91 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2011 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 405,397 393,078 3,038,282 Receivables 11,319 647,953 167 32 Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 405,397 $ 393,078 $ 3,038,449 $ 11,319 $ 3,026 $ 61,781 $ 8,417 $ 647,985 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ $ Employee compensation payable 27,710 21,466 2,901 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 2,901 Deposits held for other parties 30,736 83,247 405,397 362,342 2,955,202 405,397 362,342 2,955,202 Total liabilities 14,219 Fund balances: Nonspendable Restricted 647,985 Committed Assigned (2,900) Unassigned Total fund balances Total liabilities and fund balances $ 405,397 $ 393,078 92 $ 3,038,449 (2,900) $ 11,319 647,985 $ 647,985 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 $ $ $ 485,956 $ 692,708 4,167 1,360,469 $ 3,732,823 $ $ 1,920,909 1,726,455 116 97 310,925 287,204 92,210 $ 4,167 $ $ 485,956 $ $ 1,072,122 $ $ 47,169 $ 19,141 5,093,292 $ $ 46,429 1,921,025 $ 3,144 $ 1,726,552 $ 139 $ 310,925 16,427 12,978 16,414 1,644,224 19,571 13,117 16,414 3,449,068 1,901,454 1,713,435 294,511 3,449,068 1,901,454 1,713,435 294,511 4,167 1,024,955 1,644,224 4,167 19,141 1,118,553 466,815 (46,431) 466,815 $ 4,167 $ 485,956 (46,431) $ 1,072,122 $ 5,093,292 $ 1,921,025 $ 1,726,552 $ 310,925 (continued on next page) 93 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2011 SPECIAL REVENUE FUNDS Domestic Del Webb Relations Special Revenue Mediation Education Diversion Emancipation Elections Grants Administrative Costs Emergency Management $ $ ASSETS Cash in bank and on hand $ $ $ $ Cash and investments held by County Treasurer Receivables 509,680 2,460,885 32 149 285,437 2,233,986 4,561 41,817 Due from other funds Due from other governmental units 211,445 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 509,712 $ $ $ 2,461,034 $ 285,437 $ 4,303 $ $ 2,233,986 $ 4,561 $ 253,262 $ 13,786 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation payable $ 13,570 6,896 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 2,233,986 460,115 2,233,986 480,797 Deposits held for other parties 17,873 Total liabilities Fund balances: Nonspendable Restricted 509,712 2,443,161 285,437 4,561 509,712 2,443,161 285,437 4,561 509,712 $ 2,461,034 Committed Assigned (227,535) Unassigned Total fund balances Total liabilities and fund balances $ 94 $ 285,437 $ 2,233,986 $ 4,561 (227,535) $ 253,262 SPECIAL REVENUE FUNDS Environmental Services Environmental Expedited Environmental Health Services Grants Child Support $ 1,050 $ $ 8,585,125 Flood Control $ 448,171 250 Flood General Control Grants Government Grants $ $ 52,722,286 492 Human Housing Authority $ 2,868,116 Services Grants $ 200 333,591 2,667,340 273,774 941 172,125 13,963 22,218 8,100,395 386,601 4,375 209,147 2,264 4,098,631 $ 8,586,667 $ 172,125 $ 448,171 $ 55,798,020 $ 22,218 $ $ 193,381 $ 17,829 $ 109,401 $ $ 21,277 $ 193,350 3,454,506 191,218 333,591 $ 7,449,668 $ 8,100,595 $ 482,595 $ 2,932,896 610 64,805 185,071 19,730 217 154,297 941 1,000 2,201,208 3,292,057 22,218 333,590 3,739,949 10,347 386,731 173,126 109,401 5,866,662 338,770 49,544,757 338,770 49,931,358 448,171 $ 55,798,020 44,436 334,200 557,747 10,150,190 386,601 6,891,921 8,199,936 (1,001) 8,199,936 $ 8,586,667 (1,001) $ 172,125 $ $ (22,218) (609) (22,218) (609) 22,218 $ 333,591 (2,049,595) 6,891,921 $ 7,449,668 (2,049,595) $ 8,100,595 (continued on next page) 95 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2011 SPECIAL REVENUE FUNDS Justice Justice Justice Court Courts Courts Judicial Enhancement Special Revenue Photo Enforcement Inmate Health Services Inmate Services Judicial Enhancement ASSETS Cash in bank and on hand $ $ $ $ $ $ Cash and investments held by County Treasurer 82,606 Receivables 8,745,183 1,939,983 1,195,628 531 109 70 93,740 558,147 47 Due from other funds Due from other governmental units Inventories Miscellaneous 5,627 568,694 88,233 $ 9,314,408 $ 1,940,092 $ 1,195,698 $ 93,740 $ 558,194 $ $ 10,766 $ 91,651 $ 30,660 $ 30,614 Cash and investments held by trustee restricted Total assets $ LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation payable 570,794 47,768 8,030 2,053 620,318 18,796 93,704 30,660 30,614 88,233 8,694,090 1,921,296 1,101,994 63,080 527,580 88,233 8,694,090 1,921,296 1,101,994 63,080 527,580 88,233 $ 9,314,408 Accrued liabilities 1,756 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: Nonspendable Restricted Committed Assigned Unassigned Total fund balances Total liabilities and fund balances $ 96 $ 1,940,092 $ 1,195,698 $ 93,740 $ 558,194 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 $ $ 833,356 $ 924,525 Juvenile Restitution $ 811,966 $ 75,420 49 910 $ $ 1,954,613 1,825,517 119 103 2,187 207,733 $ 833,405 $ $ 1,132,258 $ $ 15,933 $ 5,124 811,966 $ 75,420 $ 1,955,642 $ 1,825,620 $ $ 2,917 $ 29,975 $ 77,820 $ 37,223 2,187 11,140 1,292,900 5,124 1,346,056 828,281 2,917 41,115 77,820 811,966 72,503 1,914,527 1,747,800 2,187 811,966 72,503 1,914,527 1,747,800 2,187 (213,798) 828,281 $ 833,405 (213,798) $ 1,132,258 $ 811,966 $ 75,420 $ 1,955,642 $ 1,825,620 $ 2,187 (continued on next page) 97 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2011 SPECIAL REVENUE FUNDS Parks Library District Library Medical District Grants Examiner Grants and Palo Verde Recreation Grants Parks Donations ASSETS Cash in bank and on hand $ 5,820 $ $ $ $ $ Cash and investments held by County Treasurer 17,461,656 Receivables 48,620 452,945 618,302 827,587 38 Due from other funds Due from other governmental units 16,525 1,914 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 18,295,063 $ $ $ 48,620 $ 16,525 $ 452,945 $ 1,914 $ 618,340 $ 7,642 $ 2 $ 4,067 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation payable 1,726,495 $ 142,483 3,522 Accrued liabilities 138 Due to other funds 12,463 1,914 1,914 Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 688,812 48,620 4,507 2,557,790 48,620 16,970 Deposits held for other parties Total liabilities 11,164 3,830 4,205 Fund balances: Nonspendable Restricted 15,737,273 441,781 614,135 Committed Assigned (445) Unassigned Total fund balances Total liabilities and fund balances 15,737,273 $ 18,295,063 (1,916) (445) $ 48,620 98 $ 16,525 441,781 $ 452,945 (1,916) $ 1,914 614,135 $ 618,340 SPECIAL REVENUE FUNDS Parks Parks Enhancement $ 200 Parks Souvenir $ 1,895,861 Planning Spur Cross and Ranch Conservation Development Fees $ 40,814 $ 279,125 500 Probate Fees $ 2,480,057 105 Public Public Defender Fill the Gap Defender Grants $ 495,755 $ 1,331,139 183 12,273 81 7,247 $ 1,896,166 $ 40,814 $ $ 48,138 $ 7,543 $ 44,776 279,125 $ 757 $ 1,617 2,480,740 $ 495,755 $ 76,146 $ 12,225 $ 103,028 285 1,331,220 $ 19,520 $ 14,532 9,863 7,665 9,046 165,507 93,199 7,543 2,374 1,802,967 33,271 276,751 5,378 353,727 12,225 9,863 483,530 1,321,357 483,530 1,321,357 27,575 2,127,013 (8,055) 1,802,967 $ 1,896,166 33,271 $ 40,814 276,751 $ 279,125 2,127,013 $ 2,480,740 $ 495,755 $ 1,331,220 (8,055) $ 19,520 (continued on next page) 99 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2011 SPECIAL REVENUE FUNDS Public Public Defender Training Public Health School Recorder’s Surcharge Health Fees Communication Expense School Grants ASSETS Cash in bank and on hand $ $ $ 3,700 $ $ $ Cash and investments held by County Treasurer 211,301 Receivables 5,369,030 5,515,931 327 317 53,535 197,062 Due from other funds Due from other governmental units 9,987,176 Inventories 350,288 807,216 53,439 Miscellaneous Cash and investments held by trustee restricted Total assets $ 211,301 $10,794,392 $ 5,426,496 $ 5,516,248 $ $ 6,701 $ 2,250,775 $ $ $ 1,517 282,235 53,535 $ 547,350 $ 54,376 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable Employee compensation payable Accrued liabilities 90,543 34,344 130 Due to other funds 52,382 28,004 17,028 319 1,554 3,159,605 Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 8,982,677 526,146 Deposits held for other parties 8,218 Total liabilities 14,675,422 124,887 80,705 599,104 Fund balances: Nonspendable 807,216 Restricted 203,083 53,439 5,248,170 5,435,543 53,535 53,535 Committed Assigned (4,688,246) Unassigned Total fund balances Total liabilities and fund balances $ (51,754) 203,083 (3,881,030) 5,301,609 5,435,543 211,301 $10,794,392 $ 5,426,496 $ 5,516,248 100 $ 53,535 (51,754) $ 547,350 SPECIAL REVENUE FUNDS Sheriff School Transportation $ Sheriff Donations $ 366,013 Sheriff Grants $ 13,431 Jail Enhancement $ 110,193 Sheriff RICO $ Small Solid Solid School Service Waste Grants Waste Management $ 2,628,174 $ $ 139,080 1,200 2,241,742 137 2,348,221 216,286 $ 366,013 $ 110,193 $ 1,092 $ 2,057 $ 2,361,652 $ 2,628,174 $ 216,286 $ 139,080 $ $ 2,243,079 $ $ 30,433 $ 172,173 $ 19,898 $ $ 223,804 401,003 30,801 21,027 35 96 8,808 19,994 232,612 1,430 1,676,941 50,061 1,932,315 1,092 2,057 364,921 108,136 4,062,087 30,468 223,664 2,597,706 119,086 2,010,467 (1,700,435) 364,921 $ 366,013 $ 108,136 (1,700,435) 110,193 $ 2,361,652 (7,378) 2,597,706 $ 2,628,174 (7,378) $ 216,286 119,086 $ 139,080 2,010,467 $ $ 2,243,079 (continued on next page) 101 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2011 SPECIAL REVENUE FUNDS Spousal Maintenance Street Superior Enforcement Enhancement Lighting District Court Fill the Gap Taxpayer Information Transportation Grants Transportation Operations $ $ ASSETS Cash in bank and on hand $ $ $ $ 550 Cash and investments held by County Treasurer 143,249 3,671,853 196,559 289,430 22,879,089 Receivables 4,276 Due from other funds Due from other governmental units 339,682 14,794,917 Inventories 1,318,503 Miscellaneous 2,225 Cash and investments held by trustee restricted Total assets $ 143,249 $ 3,671,853 $ 196,559 $ $ 427,113 $ 13,201 $ 289,430 $ 339,682 $ 48,754 $ 38,999,560 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation payable 24,414 $ 3,388,160 404,947 Accrued liabilities 3,935,133 Due to other funds 290,925 Due to other governmental units Interest payable Special assessment debt with governmental commitment Advances from other funds Deferred revenue 15,754 Deposits held for other parties 427,113 37,615 143,249 3,244,740 158,944 289,430 143,249 3,244,740 158,944 289,430 Total liabilities 355,433 7,728,240 Fund balances: Nonspendable 1,318,503 Restricted 29,952,817 Committed Assigned (15,751) Unassigned Total fund balances Total liabilities and fund balances $ 143,249 $ 3,671,853 102 $ 196,559 $ 289,430 $ (15,751) 31,271,320 339,682 $ 38,999,560 SPECIAL REVENUE FUNDS Trial Trial Court Victim Victim Court Grants Special Revenue Compensation Interest Compensation Restitution $ $ $ $ Victim Location $ 1,154,708 779,164 1,084,010 31 47 66 Waste Management $ 146,753 Waste Tire $ 493,736 Total 150 $ 4,343,060 633,205 202,610,984 39 3,777,913 1,083,299 40,461,962 941 157,381 2,628,184 1,162,357 4,100,895 $ 157,381 $ 1,154,739 $ $ 59,525 $ 92,930 $ 779,211 $ 1,084,076 $ $ 146,753 $ $ 493,736 $ 1,716,693 $ 259,086,296 $ 1,500 $ 607,780 $ 19,428,238 5,594 2,391,122 15,156 3,991,216 24,457 9,976,100 87,813 24,511,398 1,654,571 186,951 92,930 1,500 613,374 61,952,645 492,236 1,103,319 191,622,603 2,628,184 1,061,809 779,211 1,084,076 146,753 12,337,416 (29,570) (9,454,552) (29,570) $ 157,381 1,061,809 $ 1,154,739 779,211 $ 779,211 1,084,076 $ 1,084,076 146,753 $ 146,753 492,236 $ 493,736 $ 1,103,319 197,133,651 1,716,693 $ 259,086,296 (continued on next page) 103 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2011 DEBT SERVICE FUNDS Special Assessment CAPITAL PROJECTS FUNDS Stadium Detention Flood District Technology Control Capital Projects Capital Projects Debt Service Total County Improvement ASSETS Cash in bank and on hand $ $ $ $ $ $ Cash and investments held by County Treasurer 100,757 Receivables 257 101,014 129,648 9,192,418 39,579,398 129,648 Due from other funds Due from other governmental units 829,103 829,103 8,426,316 8,426,316 1,117,441 Inventories Miscellaneous Cash and investments held by trustee restricted Total assets $ 230,405 $ 9,255,676 $ $ $ 9,486,081 $ $ 9,192,418 $ 40,696,839 $ $ 34,295 $ 8,919,092 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $ Employee compensation payable Accrued liabilities Due to other funds Due to other governmental units Interest payable 5,317 5,317 19,653 19,653 107,358 107,358 132,328 132,328 34,295 8,919,092 Special assessment debt with governmental commitment Advances from other funds Deferred revenue Deposits held for other parties Total liabilities Fund balances: Nonspendable Restricted 98,077 9,255,676 9,353,753 9,158,123 31,777,747 98,077 9,255,676 9,353,753 9,158,123 31,777,747 230,405 $ 9,255,676 $ 9,192,418 $ 40,696,839 Committed Assigned Unassigned Total fund balances Total liabilities and fund balances $ 104 $ 9,486,081 $ CAPITAL PROJECTS FUNDS Inter- Library Long governmental District Term Special Technology Transportation Capital Projects Capital Improvement Project Reserve Improvement Districts Capital Improvement Capital Projects $ $ Total $ 2,483,627 1,655,977 151 100 $ 5 $ 470,657 $ 149,878,894 Nonmajor Total $ 50,254,682 Governmental Funds $ 4,343,060 253,515,658 456,227,656 251 3,907,812 3,198,163 44,489,228 941 2,080,722 2,628,184 3,323 9,147,119 $ 2,483,778 $ $ 30,909 $ 1,656,077 $ 9,150,447 $ $ 470,657 $ 23,180 3,323 1,165,680 9,147,119 21,674,330 $149,878,894 $ 52,335,404 $265,864,514 $534,436,891 $ $ 9,663,226 $ 19,054,961 $ 38,483,199 1,773 2,223 384,259 2,391,122 450 3,993,439 9,976,100 5,317 19,653 24,618,756 1,654,571 30,909 23,630 384,259 9,664,999 19,057,184 81,142,157 42,670,405 94,859,826 295,836,182 151,947,504 164,284,920 2,628,184 1,656,077 9,150,447 447,027 2,452,869 149,494,635 (9,454,552) 2,452,869 $ 2,483,778 1,656,077 $ 1,656,077 9,150,447 $ 9,150,447 $ 447,027 149,494,635 470,657 $ 149,878,894 105 42,670,405 $ 52,335,404 $ 246,807,330 453,294,734 265,864,514 $ 534,436,891 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds For the Fiscal Year Ended June 30, 2011 SPECIAL REVENUE FUNDS Adult Probation Fees Accommodation Schools Adult Probation Grants Air Quality Fees Air Quality Grants Animal Control Field Operations REVENUES Taxes $ $ $ $ Licenses and permits $ $ 9,483,168 Intergovernmental 3,461,849 13,120 4,355,819 Charges for services 9,241,497 Fines and forfeits 3,763,719 3,486,538 523,570 367,945 3,329,503 2,161,576 3,149 9,273 Special assessment Interest income 25,546 10,761 2,752 16,971 19,929 3,487,395 13,015,977 4,882,141 12,049,589 3,486,538 3,355,045 12,174,032 4,869,403 11,061,575 3,426,060 2,949,913 Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education 3,782,463 Debt service: Principal Interest Other expenditures 115,269 Capital outlay Total expenditures 3,782,463 12,174,032 4,869,403 11,061,575 3,426,060 3,065,182 (295,068) 841,945 12,738 988,014 60,478 289,863 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 255,482 (41,077) Transfers out Total other financing sources (uses) Net change in fund balances (106,467) (41,077) 255,482 (106,467) (295,068) 841,945 (28,339) 1,243,496 60,478 183,396 2,840,458 1,504,963 (181,632) 2,144,395 (106,492) 1,183,549 Fund balances (deficit) at beginning of year, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit) at end of year $ 2,545,390 $ 2,346,908 106 $ (209,971) $ 3,387,891 $ (46,014) $ 1,366,945 SPECIAL REVENUE FUNDS Animal Control License/ Shelter Animal Control Grants $ $ Cactus League Operations Ballpark Operations $ 7,046,960 $ CDBG Housing Trust $ Check Enforcement Program $ Child Support Enhancement $ 3,175,626 10,557,977 58,412 2,059,073 1,071,278 95,475 303,151 10,985 1,311,266 41,170 5,707 62,672 3,100 28,572 1,380,663 9,152,910 4,312,676 28,572 10,557,977 1,785 5,623 304,936 101,098 301,672 1,331,921 7,854,839 10,407,952 3,014,638 20,994 1,145,073 1,331,921 7,854,839 4,159,711 20,994 10,407,952 301,672 48,742 1,298,071 152,965 7,578 150,025 3,264 101,098 2,967,467 (2,269,259) 115,500 (1,124,030) (1,124,030) 698,208 115,500 48,742 174,041 851,173 123,078 150,025 3,264 101,098 909,772 4,767,041 7,688,449 3,448,496 (280,955) 134,719 473,968 28,159 $ 958,514 $ 4,969,241 $ 8,539,622 $ 3,571,574 $ (130,930) $ 137,983 $ 575,066 (continued on next page) 107 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) For the Fiscal Year Ended June 30, 2011 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 1,168,196 Charges for services 158,522 2,408,075 3,671,856 1,698,194 3,921 6 24,981 5,017 162,443 2,408,081 3,696,837 1,168,196 1,703,211 115,007 2,260,913 2,951,793 1,171,096 1,590,000 115,007 2,260,913 3,652,578 1,171,096 1,590,000 47,436 147,168 44,259 (2,900) 113,211 47,436 147,168 44,259 (2,900) 113,211 357,961 215,174 2,910,943 Fines and forfeits Special assessment Interest income Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 700,785 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 balances (deficit) at beginning of year, as restated 534,774 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit) at end of year $ 405,397 $ 362,342 108 $ 2,955,202 $ (2,900) $ 647,985 SPECIAL REVENUE FUNDS Correctional Health Grants $ County Attorney Fill the Gap $ 50,000 County Attorney Grants $ 466,836 County Attorney RICO County School Indirect Cost $ $ 5,280,503 Court Document Retrieval $ Criminal Justice Enhancement $ 766,925 Del Webb Special Revenue $ 1,519,609 1,264,043 1,667,446 3,128,884 50,000 8,303 3,789 37,342 16,919 11,404 3,196 4,190 1,739,182 5,284,292 3,166,226 783,844 1,678,850 1,522,805 4,190 1,592,576 5,171,801 1,617,290 1,068,899 1,386,044 1,630 50,000 1,097,028 50,000 78,057 656,736 1,592,576 5,249,858 2,274,026 1,097,028 1,068,899 1,386,044 1,630 146,606 34,434 892,200 (313,184) 609,951 136,761 2,560 (48,231) (48,231) $ $ 146,606 (13,797) 892,200 (313,184) 609,951 136,761 2,560 320,209 (32,634) 2,556,868 2,214,638 1,103,484 157,750 507,152 466,815 $ (46,431) $ 3,449,068 $ 1,901,454 $ 1,713,435 $ 294,511 $ 509,712 (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, 2011 SPECIAL REVENUE FUNDS Domestic Relations Mediation Education Diversion Elections Grants Emancipation Administrative Costs Environmental Services Environmental Health Emergency Management REVENUES Taxes $ $ $ $ $ $ Licenses and permits 15,334,189 Intergovernmental 53,615 Charges for services 503,376 199,622 Fines and forfeits 881 158,881 4,070,921 1,644,165 225,730 Special assessment Interest income 18,878 2,776 23,855 41 1,766 500 67,870 7,164 1,663,043 202,398 77,470 922 664,523 19,705,874 Miscellaneous Total revenues EXPENDITURES Current: General government 77,470 Public safety 1,198,385 810,620 Highways and streets Health, welfare and sanitation 190,683 18,217,197 Culture and recreation Education Debt service: Principal Interest Other expenditures Capital outlay Total expenditures 1,198,385 190,683 464,658 11,715 77,470 49,294 178,459 859,914 18,395,656 (195,391) 1,310,218 Excess (deficiency) of revenues over expenditures 922 OTHER FINANCING SOURCES (USES) Transfers in (982,677) Transfers out (982,677) Total other financing sources (uses) Net change in fund balances 464,658 11,715 922 (195,391) 327,541 1,978,503 273,722 3,639 (32,144) 7,872,395 Fund balances (deficit) at beginning of year, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit) at end of year $ 2,443,161 $ 285,437 $ 110 $ 4,561 $ (227,535) $ 8,199,936 SPECIAL REVENUE FUNDS Environmental Services Grants $ Expedited Child Support $ Flood Control Grants Flood Control $ 67,074,351 General Government Grants $ $ Human Services Grants Housing Authority $ $ Inmate Health Services $ 379,767 687,500 158,645 376,161 3,290,643 19,362,071 656,201 1,519 4,194 689,019 660,395 48,463,259 3,370,582 750,684 3,586,445 3,080 71,949,892 376,161 33,046,076 398,379 3,293,723 63,378 8,887 70,178 500 160 22,811,718 48,463,759 63,538 3,463,514 689,773 1,118,680 21,263,325 689,773 1,118,680 34,355,296 398,379 3,463,514 21,263,325 50,218,692 (754) (458,285) 37,594,596 (22,218) (169,791) 1,548,393 (1,754,933) 1,309,220 49,985,043 233,649 63,538 169,182 (40,000,000) (600,000) (40,000,000) (754) (458,285) (2,405,404) (247) 797,055 52,415,263 169,182 (22,218) (600,000) (609) 1,548,393 (1,754,933) (536,462) 5,343,528 (294,662) 624,695 6,891,921 $ (2,049,595) (78,501) $ (1,001) $ 338,770 $ 49,931,358 $ (22,218) $ (609) $ $ 88,233 (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, 2011 SPECIAL REVENUE FUNDS Inmate Services Judicial Enhancement Justice Court Judicial Enhancement Justice Courts Special Revenue Justice Courts Photo Enforcement Juvenile Probation Diversion REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental Charges for services 11,143,912 1,801,256 Fines and forfeits 4,558,648 1,017,952 277,212 909,563 Special assessment Interest income Miscellaneous Total revenues 71,918 3,441 13,968 9,865 767 7,916 6,917 11,219,271 1,815,224 919,428 4,559,415 1,025,868 284,129 10,737,397 1,212,774 814,308 5,262,499 1,382,828 358,529 7,302 7,114 10,737,397 1,212,774 814,308 5,269,801 1,389,942 358,529 481,874 602,450 105,120 (710,386) (364,074) (74,400) 481,874 602,450 105,120 (710,386) (364,074) (74,400) 8,212,216 1,318,846 996,874 773,466 891,654 902,681 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 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 balances (deficit) at beginning of year, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit) at end of year $ 8,694,090 $ 1,921,296 112 $ 1,101,994 $ 63,080 $ 527,580 $ 828,281 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 $ 3,676,174 274,312 530,512 1,880,355 1,514,755 3,641,089 880 1,061 59,000 2,427,902 786,649 10,796 4,322 865 8,025 15,268 143,421 13,129 18,575 97 117,787 359,003 3,686,970 4,175,923 8,890 2,039,924 1,547,520 59,097 24,134,406 3,738,178 4,203,191 20,086 1,119,275 59,000 1,849,193 19,963,927 139,619 $ 20,168,753 147,276 3,738,178 4,203,191 20,086 1,988,812 1,119,275 59,000 20,111,203 (51,208) (27,268) (11,196) 51,112 428,245 97 4,023,203 (36,215) (29,753) (231,582) (36,215) (29,753) (231,582) (87,423) (27,268) (11,196) 21,359 428,245 97 3,791,621 (126,375) 839,234 83,699 1,893,168 1,319,555 2,090 11,945,652 (213,798) $ 811,966 $ 72,503 $ 1,914,527 $ 1,747,800 $ 2,187 $ 15,737,273 (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, 2011 SPECIAL REVENUE FUNDS Library District Grants Medical Examiner Grants Parks and Recreation Grants Palo Verde Parks Donations REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 36,380 55,753 418,829 71,158 5,139 175 5,653 21,665 55,753 423,968 71,333 27,318 56,198 410,787 73,249 118,776 Charges for services Fines and forfeits Special assessment Interest income Miscellaneous 36,380 Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation 70,000 Education Debt service: Principal Interest Other expenditures 7,357 Capital outlay Total expenditures 70,000 56,198 418,144 73,249 118,776 (33,620) (445) 5,824 (1,916) (91,458) (33,620) (445) 5,824 (1,916) (91,458) 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 balances (deficit) at beginning of year, as restated 33,620 435,957 705,593 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit) at end of year $ $ (445) 114 $ 441,781 $ (1,916) $ 614,135 SPECIAL REVENUE FUNDS Parks Enhancement $ Parks Spur Cross Ranch Conservation Parks Souvenir $ $ Planning and Development Fees $ Public Defender Fill the Gap Probate Fees $ $ Public Defender Grants $ 2,677,829 451,420 2,414,929 170,842 4,262,202 480,863 1,403,199 138,245 12,861 1,362,635 687 263,836 3,593 2,680 19,637 15,041 3,944 8,103 3,790,425 264,523 177,115 7,112,954 484,807 1,411,302 451,420 7,819,119 580,412 861,920 459,475 3,760,718 151,517 289,811 3,797,763 151,517 289,811 7,819,119 580,412 861,920 459,475 (7,338) 113,006 (112,696) (706,165) (95,605) 549,382 (8,055) 108,483 (250,435) (108,483) 36,495 (14,412) (141,952) (108,483) 22,083 (149,290) 4,523 (112,696) (684,082) (95,605) 549,382 (8,055) 1,952,257 28,748 389,447 2,811,095 579,135 771,975 37,045 $ 1,802,967 $ 33,271 $ 276,751 $ 2,127,013 $ 483,530 $ 1,321,357 $ (8,055) (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, 2011 SPECIAL REVENUE FUNDS Public Defender Training Public Health Fees Public Health Recorder’s Surcharge School Communication Expense School Grants REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental 427,603 41,234,561 Charges for services 1,370,982 669,192 4,568,820 4,368,608 42,152 41,279 4,610,972 4,409,887 70,045 Fines and forfeits Special assessment Interest income Miscellaneous Total revenues 1,539 5,930 1,608 435,072 41,905,361 895 49 70,045 1,371,926 55,697 1,378,461 EXPENDITURES Current: General government 3,696,123 Public safety 411,099 Highways and streets Health, welfare and sanitation 43,517,387 4,022,170 Culture and recreation Education Debt service: Principal Interest Other expenditures 297,953 58,850 221,107 411,099 43,815,340 4,081,020 3,917,230 55,697 1,390,205 23,973 (1,909,979) 529,952 492,657 14,348 (18,279) Capital outlay Total expenditures 11,744 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 29,089 (99,022) Transfers out (99,022) 29,089 23,973 (2,009,001) 559,041 492,657 14,348 (18,279) 179,110 (1,727,140) 4,771,984 4,942,886 39,187 (33,475) (144,889) (29,416) Total other financing sources (uses) Net change in fund balances Fund balances (deficit) at beginning of year, as restated Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit) at end of year $ 203,083 $ (3,881,030) 116 $ 5,301,609 $ 5,435,543 $ 53,535 $ (51,754) SPECIAL REVENUE FUNDS School Transportation $ Sheriff Donations $ Sheriff Grants $ 465,443 Sheriff Jail Enhancement $ 6,567,119 Small School Service Sheriff RICO $ $ 1,610,629 Solid Waste Grants $ 109,657 Solid Waste Management $ 80,387 87,060 1,140,627 1,052 33,740 465,443 34,792 32,307 1,740,665 1,577 1,251 7,709,323 1,610,629 6,258,824 1,740,665 379,437 110,908 80,387 268,733 15,359 6,387,808 1,686,077 316,127 153,927 2,438,775 $ 32,296 149,377 61,966 98,838 316,127 32,307 8,697,599 379,437 1,748,043 153,927 15,359 6,486,646 149,316 2,485 (988,276) 1,231,192 (7,378) (43,019) 65,028 (6,217,913) (43,659) (18,198) (43,659) (18,198) 149,316 2,485 (1,031,935) 1,231,192 215,605 105,651 (668,500) 1,366,514 108,136 $ (1,700,435) 364,921 $ $ 2,597,706 (7,378) $ (7,378) $ (43,019) 65,028 (6,236,111) 162,105 (65,028) 8,246,578 119,086 $ $ 2,010,467 (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, 2011 SPECIAL REVENUE FUNDS Spousal Maintenance Enforcement Enhancement Street Lighting District Superior Court Fill the Gap Taxpayer Information Transportation Grants Transportation Operations $ $ REVENUES Taxes $ $ $ $ Licenses and permits 931,160 Intergovernmental 584,213 Charges for services 120,743 2,611,527 287,411 93,969,054 173,433 Fines and forfeits Special assessment 5,432,863 Interest income 1,369 33,973 1,823 122,112 5,466,836 2,613,350 115,921 4,879,168 2,859,522 558,479 784,349 Miscellaneous Total revenues 287,411 584,213 96,416,475 269,387 53,028,083 EXPENDITURES Current: General government 276,151 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenditures 303,408 3,271,744 115,921 4,879,168 2,859,522 276,151 572,795 56,299,827 6,191 587,668 (246,172) 11,260 11,418 40,116,648 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in (36,851,957) Transfers out (36,851,957) Total other financing sources (uses) Net change in fund balances 6,191 587,668 (246,172) 11,260 11,418 3,264,691 405,116 278,170 (27,169) 27,697,101 Fund balances (deficit) at beginning of year, as restated 137,058 2,657,072 Change in nonspendable resources: 309,528 Increase (decrease) in inventories Fund balances (deficit) at end of year $ 143,249 $ 3,244,740 $ 118 158,944 $ 289,430 $ (15,751) $ 31,271,320 SPECIAL REVENUE FUNDS Trial Court Special Revenue Trial Court Grants $ $ Victim Compensation Interest Victim Compensation Restitution $ $ Victim Location $ Waste Management $ Waste Tire $ Total $ 87,243,104 39,041,819 1,403,683 739,958 5,714,397 157,969 4,357,598 261,174,477 205,194 89,853,251 20,079 128,366 19,737,598 13,840 15,269 6,392 500 8,410 8,485 5,286 6,736 2,319,129 8,193,933 2,143,641 5,743,506 26,971 136,776 8,485 163,255 4,569,528 512,996,174 2,021,509 6,828,846 11,062 42,553 120,018 5,432,863 7,513,258 136,467,935 53,297,470 5,042,606 187,532,291 29,312,823 6,783,703 643,369 12,220,009 2,021,509 7,472,215 11,062 122,132 (1,728,709) 15,909 136,776 42,553 120,018 5,042,606 433,127,489 (34,068) 43,237 (473,078) 79,868,685 3,681,698 (82,855,457) (79,173,759) 122,132 (1,728,709) 15,909 136,776 (34,068) 43,237 (473,078) 694,926 (151,702) 2,790,518 763,302 947,300 180,821 448,999 1,576,397 196,353,844 84,881 $ (29,570) $ 1,061,809 $ 779,211 $ 1,084,076 $ 146,753 $ 492,236 $ 1,103,319 $ 197,133,651 (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, 2011 DEBT SERVICE FUNDS CAPITAL PROJECTS FUNDS Stadium District Debt Service Detention Technology Capital Improvement Special Assessment Total County Improvement Flood Control Capital Projects REVENUES Taxes $ $ 4,988,266 $ 4,988,266 $ $ $ Licenses and permits Intergovernmental 6,962,793 Charges for services 28,253 28,253 Fines and forfeits Special assessment Interest income 334,114 334,114 28,253 5,322,380 5,350,633 Principal 53,909 4,569,241 4,623,150 Interest 11,082 2,028,694 2,039,776 1,249 1,249 841,877 52,706,577 64,991 6,599,184 6,664,175 841,877 52,706,577 (36,738) (1,276,804) (1,313,542) (841,877) (45,743,784) 1,179,241 (115,500) 1,179,241 (115,500) 10,000,000 40,000,000 (12,753) 1,063,741 1,063,741 (12,753) 10,000,000 40,000,000 (213,063) (249,801) (12,753) 9,158,123 (5,743,784) 9,468,739 9,603,554 12,753 Miscellaneous Total revenues 6,962,793 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 Total other financing sources (uses) Net change in fund balances (36,738) Fund balances (deficit) at beginning of year, as restated 134,815 37,521,531 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit) at end of year $ 98,077 $ 9,255,676 120 $ 9,353,753 $ $ 9,158,123 $ 31,777,747 CAPITAL PROJECTS FUNDS Intergovernmental Capital Projects Library District Capital Improvement $ $ Long Term Project Reserve $ 1,667 Special Improvement Districts $ Technology Capital Improvement $ Transportation Capital Projects $ Total Nonmajor Governmental Funds Total $ 1,667 $ 92,233,037 39,041,819 540,000 15,906,820 23,409,613 284,584,090 19,037,129 19,037,129 108,918,633 19,737,598 5,432,863 20,188 15,559 43,625 1,452 1,024,842 78 438,281 20,188 599,184 1,027,961 438,359 34,943,949 37,277 1,506,748 2,690,520 9,700,681 43,992,434 562,339,241 7,513,258 135,121,465 53,297,470 187,532,291 29,312,823 6,783,703 4,623,150 2,039,776 321,081 4,433,162 2,500 8,507 2,205,365 82,086,061 142,605,130 1,249 156,171,609 321,081 4,433,162 2,500 8,507 2,205,365 82,086,061 142,605,130 582,396,794 (300,893) (3,833,978) 1,025,461 429,852 (2,205,365) (47,142,112) (98,612,696) (20,057,553) 305,585 231,582 1,090,018 (2,967,467) 151,700,000 36,798,427 240,125,612 (2,980,220) 244,986,551 (85,951,177) 305,585 231,582 (1,877,449) 151,700,000 36,798,427 237,145,392 159,035,374 4,692 (3,602,396) (851,988) 429,852 149,494,635 (10,343,685) 138,532,696 138,977,821 2,448,177 5,258,473 10,002,435 17,175 53,014,090 108,274,634 314,232,032 84,881 $ 2,452,869 $ 1,656,077 $ 9,150,447 $ 447,027 121 $ 149,494,635 $ 42,670,405 $ 246,807,330 $ 453,294,734 122 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits 8,370,840 $ 3,634,525 8,370,840 $ $ 870,657 3,763,719 129,194 12,005,365 12,005,365 10,761 13,015,977 10,761 1,010,612 12,288,792 12,288,792 12,288,792 12,288,792 12,174,032 12,174,032 114,760 114,760 (283,427) (283,427) 841,945 1,125,372 (283,427) (283,427) 841,945 1,125,372 Interest income Total revenues 9,241,497 3,634,525 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 339,339 55,912 $ 123 $ 339,339 55,912 $ 1,504,963 2,346,908 $ 1,165,624 2,290,996 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 5,537,936 $ 581,703 6,165,967 $ $ (1,810,148) 523,570 (58,133) 6,119,639 6,747,670 2,752 4,882,141 2,752 (1,865,529) 6,119,639 6,119,639 6,747,670 6,747,670 4,869,403 4,869,403 1,878,267 1,878,267 12,738 12,738 (41,077) (41,077) (41,077) (41,077) Interest income Total revenues 4,355,819 581,703 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund deficit – beginning Fund deficit – ending $ (46,048) (46,048) 124 $ (46,048) (46,048) $ (28,339) (28,339) (181,632) (209,971) (135,584) (163,923) $ 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services Fines and forfeits Interest income Miscellaneous Total revenues 10,226,243 $ 10,226,243 $ 9,483,168 $ (743,075) 386,087 386,087 367,945 (18,142) 2,270,000 2,270,000 2,161,576 (108,424) 45,000 45,000 16,971 (28,029) 7,500 12,934,830 7,500 12,934,830 19,929 12,049,589 12,429 (885,241) 13,005,400 13,005,400 13,020,862 13,020,862 11,061,575 11,061,575 1,959,287 1,959,287 (70,570) (86,032) 988,014 1,074,046 265,176 (555,138) 255,482 (545,444) (9,694) 555,138 (545,444) (289,962) 255,482 545,444 (616,014) (375,994) 1,243,496 1,619,490 1,320,941 1,320,941 2,144,395 EXPENDITURES Current: Health, welfare and sanitation 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 $ 704,927 125 $ 944,947 $ 3,387,891 823,454 $ 2,442,944 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 4,107,047 4,107,047 $ 4,271,729 4,271,729 $ 3,486,538 3,486,538 $ (785,191) (785,191) EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures 4,043,404 4,043,404 4,208,086 4,208,086 3,426,060 3,426,060 782,026 782,026 63,643 63,643 60,478 (3,165) OTHER FINANCING USES Transfers out Total other financing uses (63,643) (63,643) 63,643 (63,643) (63,643) 63,643 Net change in fund balances 60,478 Fund deficit – beginning Fund deficit – ending (283,984) $ (283,984) 126 (283,984) $ (283,984) 60,478 (106,492) $ (46,014) 177,492 $ 237,970 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services 15,985 $ 13,120 $ (2,865) 3,329,503 76,232 4,172 4,172 3,149 (1,023) Interest income Total revenues 15,985 3,253,271 Fines and forfeits Miscellaneous $ 3,253,271 5,000 5,000 9,273 4,273 17,274 3,295,702 17,274 3,295,702 3,355,045 (17,274) 59,343 2,967,433 2,967,433 2,949,913 17,520 225,000 3,192,433 225,000 3,192,433 115,269 3,065,182 109,731 127,251 103,269 103,269 289,863 186,594 (328,269) (328,269) (328,269) (328,269) (106,467) (106,467) 221,802 221,802 408,396 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 $ (225,000) (225,000) 183,396 1,094,560 1,094,560 1,183,549 869,560 127 $ 869,560 $ 1,366,945 88,989 $ 497,385 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 100,000 Interest income Miscellaneous Total revenues $ 100,000 $ 58,412 $ (41,588) 3,000 3,000 10,985 7,985 1,469,785 1,572,785 1,469,785 1,572,785 1,311,266 1,380,663 (158,519) (192,122) 1,572,785 1,572,785 1,572,785 1,572,785 1,331,921 1,331,921 240,864 240,864 48,742 48,742 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 1,106,735 $ 1,106,735 128 1,106,735 $ 1,106,735 $ 48,742 48,742 909,772 (196,963) 958,514 $ (148,221) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services Interest income Miscellaneous Total revenues 8,504,559 $ 8,504,559 $ 7,046,960 $ (1,457,599) 1,990,116 1,990,116 2,059,073 68,957 150,000 150,000 41,170 (108,830) 4,712 10,649,387 4,712 10,649,387 5,707 9,152,910 995 (1,496,477) 8,343,833 8,343,833 7,854,839 488,994 187,750 8,531,583 187,750 8,531,583 7,854,839 187,750 676,744 2,117,804 2,117,804 1,298,071 (819,733) (1,639,140) (1,639,140) (1,712,042) (1,712,042) (1,124,030) (1,124,030) 588,012 588,012 478,664 405,762 174,041 4,710,644 4,710,644 4,767,041 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 (231,721) 56,397 Changes in nonspendable resources: Increase in inventories Fund balance – ending 28,159 $ 5,189,308 129 $ 5,116,406 $ 4,969,241 28,159 $ (147,165) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services 3,172,991 $ 3,172,991 $ $ 2,635 1,196,092 1,071,278 (124,814) 75,000 75,000 62,672 (12,328) 4,444,083 4,444,083 3,100 4,312,676 3,100 (131,407) 3,754,472 5,154,472 3,014,638 2,139,834 3,754,472 5,154,472 1,145,073 4,159,711 (1,145,073) 994,761 689,611 (710,389) 152,965 863,354 2,097,500 (2,787,111) 3,497,500 (2,787,111) 2,967,467 (2,269,259) (530,033) 517,852 (689,611) 710,389 698,208 (12,181) 851,173 851,173 Interest income Miscellaneous Total revenues 3,175,626 1,196,092 EXPENDITURES Current: Culture and recreation 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 7,348,557 $ 7,348,557 130 7,348,557 $ 7,348,557 7,688,449 $ 8,539,622 339,892 $ 1,191,065 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 24,750 24,750 Total revenues $ 24,750 24,750 $ 28,572 28,572 $ 3,822 3,822 EXPENDITURES Current: Culture and recreation Total expenditures Excess (deficiency) of revenues over expenditures 99,143 99,143 99,143 99,143 20,994 20,994 78,149 78,149 (74,393) (74,393) 7,578 81,971 115,500 115,500 115,500 115,500 41,107 123,078 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances (74,393) Fund balance – beginning Fund balance – ending $ 3,251,965 3,177,572 131 $ 3,251,965 3,293,072 $ 3,448,496 3,571,574 81,971 $ 196,531 278,502 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 16,980,470 16,980,470 $ 11,240,382 11,240,382 $ 10,557,977 10,557,977 $ (682,405) (682,405) EXPENDITURES Current: Health, welfare and sanitation Total expenditures 16,933,099 16,933,099 11,193,011 11,193,011 10,407,952 10,407,952 785,059 785,059 47,371 47,371 150,025 102,654 (47,371) (47,371) (47,371) (47,371) Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses 47,371 47,371 Net change in fund balances 150,025 Fund balance (deficit)– beginning Fund balance (deficit) – ending $ $ 132 $ (280,955) (130,930) 150,025 $ (280,955) (130,930) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 344,500 Interest income Total revenues $ 344,500 $ 303,151 $ (41,349) 1,500 346,000 1,500 346,000 1,785 304,936 285 (41,064) 346,000 346,000 421,000 421,000 301,672 301,672 119,328 119,328 (75,000) 3,264 78,264 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 171,271 $ 171,271 133 $ (75,000) 3,264 78,264 171,271 134,719 (36,552) 96,271 $ 137,983 $ 41,712 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 87,000 Interest income Total revenues $ 87,000 $ 95,475 $ 5,623 101,098 8,475 8,000 95,000 8,000 95,000 (2,377) 6,098 75,000 75,000 75,000 75,000 20,000 20,000 101,098 81,098 20,000 20,000 101,098 81,098 457,319 457,319 473,968 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 477,319 134 $ 477,319 75,000 75,000 $ 575,066 16,649 $ 97,747 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 111,007 $ 111,007 $ 158,522 4,000 115,007 4,000 115,007 3,921 162,443 115,007 115,007 115,007 115,007 115,007 115,007 $ 47,515 (79) 47,436 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 323,407 $ 323,407 135 323,407 $ 323,407 47,436 47,436 47,436 47,436 357,961 $ 405,397 34,554 $ 81,990 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 2,408,495 $ 2,633,772 $ Interest income 2,408,075 $ (225,697) 2,408,495 2,633,772 6 2,408,081 2,433,495 2,433,495 2,658,772 2,658,772 2,260,913 2,260,913 397,859 397,859 Excess (deficiency) of revenues over expenditures (25,000) (25,000) 147,168 172,168 Net change in fund balances (25,000) (25,000) 147,168 172,168 82,350 82,350 215,174 Total revenues 6 (225,691) EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 57,350 136 $ 57,350 $ 362,342 132,824 $ 304,992 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 3,571,000 $ 3,571,000 $ 3,671,856 $ 100,856 27,000 3,598,000 27,000 3,598,000 24,981 3,696,837 (2,019) 98,837 4,548,000 4,548,000 2,951,793 1,596,207 380,000 4,928,000 380,000 4,928,000 700,785 3,652,578 (320,785) 1,275,422 Excess (deficiency) of revenues over expenditures (1,330,000) (1,330,000) 44,259 1,374,259 Net change in fund balances (1,330,000) (1,330,000) 44,259 1,374,259 1,887,659 1,887,659 2,910,943 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 557,659 137 $ 557,659 $ 2,955,202 1,023,284 $ 2,397,543 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 1,350,280 1,350,280 $ 1,834,946 1,834,946 $ 1,168,196 1,168,196 $ (666,750) (666,750) EXPENDITURES Current: Public safety 1,350,280 1,350,280 1,171,096 1,171,096 663,850 663,850 Excess (deficiency)of revenues over expenditures (2,900) (2,900) Net change in fund balances (2,900) (2,900) Total expenditures 1,834,946 1,834,946 Fund balance – beginning Fund balance (deficit)– ending $ $ 138 $ (2,900) $ (2,900) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,382,730 $ 1,382,730 $ 1,698,194 $ 315,464 7,270 1,390,000 7,270 1,390,000 5,017 1,703,211 (2,253) 313,211 1,390,000 1,390,000 1,590,000 1,590,000 1,590,000 1,590,000 (200,000) 113,211 313,211 (200,000) 113,211 313,211 387,127 534,774 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 387,127 $ 387,127 139 $ 187,127 $ 647,985 147,647 $ 460,858 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 50,000 50,000 Total revenues $ 50,000 50,000 $ 50,000 50,000 $ EXPENDITURES Current: Health, welfare and sanitation 50,000 50,000 Total expenditures 50,000 50,000 50,000 50,000 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending (1,678) $ (1,678) 140 (1,678) $ (1,678) 1,678 $ $ 1,678 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 456,379 Charges for services Interest income Total revenues $ 520,000 $ 466,836 $ (53,164) 938,795 1,264,043 1,264,043 4,826 1,400,000 4,826 1,788,869 8,303 1,739,182 3,477 (49,687) 1,400,000 1,400,000 1,822,754 1,822,754 1,592,576 1,592,576 230,178 230,178 (33,885) 146,606 180,491 (33,885) 146,606 180,491 84,504 320,209 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 84,504 $ 84,504 141 $ 50,619 $ 466,815 235,705 $ 416,196 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Interest income Total revenues 7,776,090 $ 7,776,090 $ 5,280,503 $ (2,495,587) 16,000 7,792,090 16,000 7,792,090 3,789 5,284,292 (12,211) (2,507,798) 7,792,090 7,792,090 5,171,801 2,620,289 7,792,090 78,057 5,249,858 (78,057) 2,542,232 34,434 34,434 (48,231) (48,231) (48,231) (48,231) EXPENDITURES Current: Public safety Capital outlay 7,792,090 Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund deficit – beginning Fund deficit – ending (285,323) (285,323) $ $ 142 (285,323) (285,323) $ (13,797) (13,797) (32,634) (46,431) $ 252,689 238,892 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 2,000,000 $ 4,000,000 $ Interest income Total revenues 3,128,884 $ (871,116) 2,000,000 4,000,000 37,342 3,166,226 37,342 (833,774) 1,850,000 3,625,000 1,617,290 2,007,710 150,000 2,000,000 375,000 4,000,000 656,736 2,274,026 (281,736) 1,725,974 892,200 892,200 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 1,531,127 $ 1,531,127 143 1,531,127 $ 1,531,127 $ 892,200 892,200 2,556,868 1,025,741 3,449,068 $ 1,917,941 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 931,823 $ 931,823 $ Interest income 766,925 $ (164,898) 931,823 931,823 16,919 783,844 1,492,670 1,492,670 1,492,670 1,492,670 1,097,028 1,097,028 395,642 395,642 Deficiency of revenues over expenditures (560,847) (560,847) (313,184) 247,663 Net change in fund balances (560,847) (560,847) (313,184) 247,663 Total revenues 16,919 (147,979) EXPENDITURES Current: Education Total expenditures Fund balance – beginning Fund balance – ending 2,190,390 $ 1,629,543 144 2,190,390 $ 1,629,543 2,214,638 $ 1,901,454 24,248 $ 271,911 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,469,100 $ 1,469,100 $ Interest income 1,667,446 $ 198,346 1,469,100 1,469,100 11,404 1,678,850 1,649,100 1,649,100 1,068,899 580,201 40,000 1,689,100 40,000 1,689,100 1,068,899 40,000 620,201 Excess (deficiency) of revenues over expenditures (220,000) (220,000) 609,951 829,951 Net change in fund balances (220,000) (220,000) 609,951 829,951 716,613 716,613 1,103,484 Total revenues 11,404 209,750 EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance – beginning Fund balance – ending $ 496,613 145 $ 496,613 $ 1,713,435 386,871 $ 1,216,822 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Interest income Total revenues 1,435,000 $ 1,435,000 $ 1,519,609 $ 84,609 14,400 1,449,400 14,400 1,449,400 3,196 1,522,805 (11,204) 73,405 1,449,400 1,449,400 1,449,400 1,449,400 1,386,044 1,386,044 63,356 63,356 136,761 136,761 136,761 136,761 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 75,491 $ 75,491 146 75,491 $ 75,491 157,750 $ 294,511 82,259 $ 219,020 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 2,500 Interest income Total revenues $ 2,500 $ $ (2,500) 6,608 9,108 6,608 9,108 4,190 4,190 (2,418) (4,918) 9 9 9 9 1,630 1,630 (1,621) (1,621) 9,099 9,099 2,560 (6,539) (1,627) (1,627) (1,627) (1,627) 7,472 7,472 EXPENDITURES Current: Public safety 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 $ 519,592 527,064 147 $ 519,592 527,064 1,627 1,627 2,560 $ 507,152 509,712 (4,912) $ (12,440) (17,352) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 1,587,210 Interest income $ 1,587,210 $ 1,644,165 $ 56,955 21,600 1,608,810 21,600 1,608,810 18,878 1,663,043 (2,722) 54,233 2,608,810 2,608,810 2,608,810 2,608,810 1,198,385 1,198,385 1,410,425 1,410,425 (1,000,000) (1,000,000) 464,658 1,464,658 (1,000,000) (1,000,000) 464,658 1,464,658 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 1,625,241 $ 625,241 148 1,625,241 $ 625,241 1,978,503 $ 2,443,161 353,262 $ 1,817,920 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 186,682 $ 186,682 $ 199,622 $ 12,940 4,000 190,682 4,000 190,682 2,776 202,398 (1,224) 11,716 190,682 190,682 190,682 190,682 190,683 190,683 (1) (1) 11,715 11,715 11,715 11,715 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 271,728 $ 271,728 149 271,728 $ 271,728 273,722 $ 285,437 1,994 $ 13,709 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ $ Interest income Total revenues 53,615 $ 53,615 23,855 77,470 23,855 77,470 77,470 77,470 2,704,850 2,704,850 EXPENDITURES Current: General government 2,782,320 2,782,320 2,782,320 2,782,320 Excess (deficiency) of revenues over expenditures (2,782,320) (2,782,320) 2,782,320 Net change in fund balances (2,782,320) (2,782,320) 2,782,320 Total expenditures Fund balance – beginning Fund balance – ending $ 4,330,024 1,547,704 150 $ 4,330,024 1,547,704 $ $ (4,330,024) (1,547,704) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Final Actual Amounts Positive (Negative) REVENUES Intergovernmental $ Charges for services 856,200 $ 173,881 1,051,897 $ 173,881 Interest income 503,376 $ 158,881 1,766 Miscellaneous Total revenues (548,521) (15,000) 1,766 1,030,081 1,225,778 500 664,523 500 (561,255) 968,457 1,164,154 810,620 353,534 968,457 1,164,154 49,294 859,914 (49,294) 304,240 61,624 61,624 (195,391) (257,015) (61,624) (61,624) (61,624) (61,624) 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 (deficit) – beginning Fund balance (deficit) – ending 152,959 $ 151 152,959 152,959 $ 152,959 $ 61,624 61,624 (195,391) (195,391) (32,144) (185,103) (227,535) $ (380,494) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services 14,018,663 $ 15,334,189 $ 1,315,526 4,070,921 87,177 120,000 120,000 225,730 105,730 62,002 62,002 67,870 5,868 7,800 18,192,209 7,800 18,192,209 7,164 19,705,874 (636) 1,513,665 20,096,027 20,103,687 18,217,197 1,886,490 17,687 20,113,714 17,687 20,121,374 178,459 18,395,656 (160,772) 1,725,718 (1,921,505) (1,929,165) 1,310,218 3,239,383 (2,147,648) (2,147,648) (1,630,325) (1,630,325) (982,677) (982,677) 647,648 647,648 (4,069,153) (3,559,490) 327,541 3,887,031 7,193,705 7,193,705 7,872,395 Interest income Total revenues 14,018,663 3,983,744 Fines and forfeits Miscellaneous $ 3,983,744 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 $ 3,124,552 152 $ 3,634,215 $ 8,199,936 678,690 $ 4,565,721 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 765,000 $ 765,000 $ Interest income Total revenues 687,500 $ (77,500) 765,000 765,000 1,519 689,019 1,519 (75,981) 740,661 740,661 740,661 740,661 689,773 689,773 50,888 50,888 24,339 24,339 (754) (25,093) (24,339) (24,339) (24,339) (24,339) EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses 24,339 24,339 Net change in fund balances (754) Fund balance (deficit) – beginning Fund balance (deficit) – ending 334,548 $ 334,548 153 334,548 $ 334,548 (754) (247) $ (1,001) (334,795) $ (335,549) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 579,300 $ 579,300 $ 656,201 $ 76,901 5,700 585,000 5,700 585,000 4,194 660,395 (1,506) 75,395 920,479 920,479 1,120,479 1,120,479 1,118,680 1,118,680 1,799 1,799 Deficiency of revenues under expenditures (335,479) (535,479) (458,285) 77,194 Net change in fund balances (335,479) (535,479) (458,285) 77,194 765,037 765,037 797,055 Total revenues EXPENDITURES Current: Health, welfare and sanitation Total expenditures Fund balance – beginning Fund balance – ending $ 429,558 154 $ 229,558 $ 338,770 32,018 $ 109,212 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 67,353,206 $ 67,353,206 $ 67,074,351 $ (278,855) Licenses and permits 633,600 633,600 379,767 Intergovernmental 155,691 155,691 158,645 2,954 Interest income 800,000 800,000 750,684 (49,316) 2,521,008 71,463,505 2,521,008 71,463,505 3,586,445 71,949,892 1,065,437 486,387 36,603,605 36,603,605 33,046,076 3,557,529 36,603,605 36,603,605 1,309,220 34,355,296 (1,309,220) 2,248,309 34,859,900 34,859,900 37,594,596 2,734,696 (40,000,000) (40,000,000) (40,000,000) (40,000,000) (40,000,000) (40,000,000) (5,140,100) (5,140,100) (2,405,404) 2,734,696 46,405,987 46,405,987 52,415,263 6,009,276 Miscellaneous Total revenues (253,833) 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 Changes in nonspendable resources: Decrease in inventories Fund balance – ending (78,501) $ 41,265,887 155 $ 41,265,887 $ 49,931,358 (78,501) $ 8,665,471 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 800,000 800,000 Total revenues $ 800,000 800,000 $ 376,161 376,161 $ (423,839) (423,839) EXPENDITURES Current: Public safety 800,000 800,000 398,379 398,379 401,621 401,621 Excess (deficiency) of revenues over expenditures (22,218) (22,218) Net change in fund balances (22,218) (22,218) Total expenditures 800,000 800,000 Fund balance – beginning Fund balance (deficit) – ending $ $ 156 $ (22,218) $ (22,218) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 652,180 $ Interest income Miscellaneous Total revenues 3,659,762 $ 3,290,643 $ (369,119) 3,080 16,336,158 8,388 14,963,811 (5,308) (14,963,811) 16,988,338 18,631,961 3,293,723 (15,338,238) 24,678,338 21,057,873 3,463,514 17,594,359 24,678,338 21,057,873 3,463,514 17,594,359 (7,690,000) (2,425,912) (169,791) 2,256,121 169,182 169,182 169,182 169,182 (609) 2,425,303 EXPENDITURES Current: General government Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances (7,690,000) Fund balance – beginning Fund balance (deficit) – ending (2,425,912) 18,790,356 $ 11,100,356 157 18,790,356 $ 16,364,444 (18,790,356) $ (609) $ (16,365,053) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 50,180,363 $ 53,339,655 $ Miscellaneous Total revenues 48,463,259 500 $ (4,876,396) 500 50,180,363 53,339,655 48,463,759 (4,875,896) 48,880,613 8,000 51,984,905 63,000 49,985,043 233,649 1,999,862 (170,649) 48,888,613 52,047,905 50,218,692 1,829,213 1,291,750 1,291,750 (1,754,933) (3,046,683) (1,291,750) (1,291,750) 1,291,750 (1,291,750) (1,291,750) 1,291,750 (1,524,217) (1,524,217) 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 (1,754,933) Fund deficit – beginning Fund deficit - ending $ (1,524,217) 158 $ (1,524,217) (1,754,933) (294,662) $ (2,049,595) 1,229,555 $ (525,378) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 89,715 7,500 Interest income Total revenues $ 89,715 7,500 $ 63,378 160 $ 63,538 (26,337) (7,340) 97,215 97,215 (33,677) 97,215 97,215 97,215 97,215 97,215 97,215 EXPENDITURES Current: Public safety Total expenditures 63,538 Excess of revenues over expenditures 63,538 OTHER FINANCING USES Transfers out Total other financing uses (600,000) (600,000) (600,000) (600,000) (600,000) (600,000) Net change in fund balances (600,000) Fund balance – beginning Fund balance – ending 620,590 20,590 $ 159 (600,000) $ 620,590 20,590 (536,462) $ 624,695 88,233 63,538 $ 4,105 67,643 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 10,699,768 $ 100,000 10,699,768 $ 11,143,912 $ 444,144 100,000 71,918 (28,082) 10,799,768 10,799,768 3,441 11,219,271 3,441 419,503 10,799,768 10,799,768 10,809,030 10,809,030 10,737,397 10,737,397 71,633 71,633 Excess (deficiency) of revenues over expenditures (9,262) 481,874 491,136 Net change in fund balances (9,262) 481,874 491,136 Miscellaneous Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending 8,308,126 $ 8,308,126 160 8,308,126 $ 8,298,864 8,212,216 $ 8,694,090 (95,910) $ 395,226 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 1,661,000 $ 1,661,000 $ 1,801,256 $ 140,256 9,600 1,670,600 9,600 1,670,600 13,968 1,815,224 4,368 144,624 1,949,600 2,349,600 1,212,774 1,136,826 1,949,600 2,349,600 1,212,774 1,136,826 Excess (deficiency) of revenues over expenditures (279,000) (679,000) 602,450 1,281,450 Net change in fund balances (279,000) (679,000) 602,450 1,281,450 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending 1,029,293 $ 750,293 161 1,029,293 $ 350,293 1,318,846 $ 1,921,296 289,553 $ 1,571,003 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 907,188 Interest income $ 907,188 $ 909,563 $ 2,375 17,498 17,498 9,865 (7,633) 924,686 924,686 919,428 (5,258) 1,781,501 1,781,501 814,308 967,193 1,781,501 1,781,501 814,308 967,193 Excess (deficiency) of revenues over expenditures (856,815) (856,815) 105,120 961,935 Net change in fund balances (856,815) (856,815) 105,120 961,935 856,815 856,815 996,874 140,059 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ $ 162 $ 1,101,994 $ 1,101,994 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 4,636,619 Interest income Total revenues $ 4,636,619 $ 4,558,648 $ (77,971) 35,412 35,412 767 (34,645) 4,672,031 4,672,031 4,559,415 (112,616) 5,706,615 5,706,615 5,262,499 444,116 EXPENITURES Current: Public safety Capital outlay Total expenditures 7,302 (7,302) 5,706,615 5,706,615 5,269,801 436,814 Deficiency of revenues under expenditures (1,034,584) (1,034,584) (710,386) 324,198 Net change in fund balances (1,034,584) (1,034,584) (710,386) 324,198 1,034,584 1,034,584 773,466 (261,118) Fund balance – beginning Fund balance – ending $ 0 163 $ 0 $ 63,080 $ 63,080 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Courts Photo Enforcement Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,348,228 Fines and forfeits $ 903,708 1,348,228 $ $ (330,276) (903,708) Interest income Total revenues 1,017,952 903,708 7,916 7,916 2,251,936 2,251,936 1,025,868 (1,226,068) 2,251,936 2,251,936 1,382,828 869,108 EXPENDITURES Current: Public safety Capital outlay 7,114 (7,114) 1,389,942 861,994 Excess (deficiency) of revenues over expenditures (364,074) (364,074) Net change in fund balances (364,074) (364,074) Total expenditures 2,251,936 2,251,936 Fund balance – beginning Fund balance – ending $ $ 164 $ 891,654 527,580 $ 891,654 527,580 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 370,000 Interest income Total revenues $ 370,000 $ 277,212 $ (92,788) 16,633 16,633 6,917 (9,716) 386,633 386,633 284,129 (102,504) 386,633 386,633 358,529 28,104 386,633 386,633 358,529 28,104 (74,400) (74,400) (74,400) (74,400) EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 911,457 $ 911,457 165 911,457 $ 911,457 902,681 $ 828,281 (8,776) $ (83,176) 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, 2011 Budgeted Amounts Original Variance with Final BudgetPositive (Negative) Actual Amounts Final REVENUES Intergovernmental $ Interest income Total revenues 5,246,477 $ 5,343,496 $ 3,676,174 $ (1,667,322) 50,000 50,000 10,796 (39,204) 5,296,477 5,393,496 3,686,970 (1,706,526) 5,296,477 5,393,496 3,738,178 1,655,318 5,296,477 5,393,496 3,738,178 1,655,318 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures (51,208) (51,208) (36,215) (36,215) (36,215) (36,215) (87,423) (87,423) OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending 320,645 $ 320,645 166 320,645 $ 320,645 (126,375) $ (213,798) (447,020) $ (534,443) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits Interest income Revenues Total 546,934 $ 546,934 $ 530,512 $ 3,641,089 (16,422) 3,651,253 3,651,253 6,000 6,000 4,322 (10,164) (1,678) 4,204,187 4,204,187 4,175,923 (28,264) 4,204,187 4,204,187 4,203,191 996 4,204,187 4,204,187 4,203,191 996 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 446,595 $ 446,595 167 446,595 $ 446,595 (27,268) (27,268) (27,268) (27,268) 839,234 $ 811,966 392,639 $ 365,371 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Miscellaneous Total revenues $ $ 865 $ 865 25,000 25,000 25,000 25,000 8,025 8,890 (16,975) (16,110) 25,000 25,000 25,000 25,000 20,086 20,086 4,914 4,914 (11,196) (11,196) (11,196) (11,196) EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 78,675 $ 78,675 168 78,675 $ 78,675 83,699 $ 72,503 5,024 $ (6,172) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,686,677 Fines and forfeits Interest income Miscellaneous Total revenues $ 1,686,677 $ 1,880,355 $ 193,678 50 50 880 830 26,000 26,000 15,268 (10,732) 134,551 134,551 143,421 8,870 1,847,278 1,847,278 2,039,924 192,646 2,027,278 2,027,278 1,849,193 178,085 330,000 530,000 139,619 390,381 2,357,278 2,557,278 1,988,812 568,466 (510,000) (710,000) 51,112 761,112 (29,753) (29,753) (29,753) (29,753) (739,753) 21,359 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances (510,000) Fund balance – beginning Fund balance – ending 1,762,473 $ 1,252,473 169 1,762,473 $ 1,022,720 761,112 1,893,168 $ 1,914,527 130,695 $ 891,807 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,408,000 $ 1,408,000 $ 1,514,755 Fines and forfeits 2,000 2,000 1,061 Interest income 7,000 7,000 13,129 Miscellaneous $ 106,755 (939) 6,129 8,000 8,000 18,575 10,575 1,425,000 1,425,000 1,547,520 122,520 1,425,000 1,425,000 1,119,275 305,725 1,425,000 1,425,000 1,119,275 305,725 Excess of revenues over expenditures 428,245 428,245 Net change in fund balances 428,245 428,245 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 1,414,890 1,414,890 170 $ 1,414,890 1,414,890 $ 1,319,555 1,747,800 $ (95,335) 332,910 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 59,000 $ 59,000 $ Interest income Total revenues 59,000 59,000 59,000 97 59,097 59,000 59,000 59,000 59,000 59,000 59,000 $ 97 97 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 2,004 $ 2,004 171 2,004 $ 2,004 97 97 97 97 2,090 $ 2,187 86 $ 183 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Intergovernmental 20,263,686 $ 20,263,686 $ 20,168,753 $ (94,933) 269,405 269,405 274,312 3,052,843 3,052,843 2,427,902 Fines and forfeits 719,350 719,350 786,649 67,299 Interest income 50,000 155,135 50,000 163,835 117,787 359,003 67,787 195,168 24,510,419 24,519,119 24,134,406 (384,713) 21,936,417 112,000 21,945,117 112,000 19,963,927 147,276 1,981,190 (35,276) 22,048,417 22,057,117 20,111,203 1,945,914 2,462,002 2,462,002 4,023,203 1,561,201 (231,582) (231,582) (231,582) (231,582) (231,582) (231,582) Charges for services Miscellaneous Total revenues 4,907 (624,941) 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 $ 2,230,420 2,230,420 3,791,621 11,301,895 11,301,895 11,945,652 13,532,315 172 $ 13,532,315 $ 15,737,273 1,561,201 643,757 $ 2,204,958 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ Miscellaneous 75,000 40,000 $ 36,380 $ (38,620) (40,000) 115,000 36,380 (78,620) 115,000 70,000 45,000 115,000 70,000 45,000 Excess (deficiency) of revenues over expenditures (33,620) (33,620) Net change in fund balances (33,620) (33,620) Total revenues EXPENDITURES Current: Culture and recreation Total expenditures Fund balance – beginning Fund balance – ending 33,620 $ $ 173 $ 33,620 $ 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 53,648 $ 53,648 Total revenues 382,220 $ 382,220 55,753 $ 55,753 (326,467) (326,467) EXPENDITURES Current: Public safety 53,648 190,094 192,126 Capital outlay 53,648 Total expenditures 56,198 382,220 133,896 192,126 56,198 326,022 (445) Excess (deficiency) of revenues over expenditures Net change in fund balances (445) (445) (445) Fund balance – beginning Fund balance (deficit) – ending $ $ 174 $ (445) $ (445) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 418,829 $ 418,829 $ Interest income Total revenues 418,829 $ 5,139 423,968 5,139 5,139 418,829 418,829 397,654 397,654 410,787 7,357 (13,133) (7,357) 397,654 397,654 418,144 (20,490) 21,175 21,175 5,824 (15,351) (21,175) (21,175) 21,175 (21,175) (21,175) 21,175 411,591 411,591 411,591 411,591 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 Fund balance – ending $ 175 $ $ 5,824 5,824 435,957 441,781 24,366 30,190 $ 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 4,820 $ 95,979 $ Interest income Total revenues 71,158 175 $ (24,821) 175 4,820 95,979 71,333 (24,646) 4,820 95,979 73,249 22,730 4,820 95,979 73,249 22,730 (1,916) (1,916) (1,916) (1,916) EXPENDITURES Current: Culture and recreation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending (47,366) $ (47,366) 176 (47,366) $ (47,366) 47,366 $ (1,916) $ 45,450 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 23,500 84,500 Miscellaneous $ 23,500 84,500 $ 5,653 21,665 $ (17,847) (62,835) 108,000 108,000 27,318 (80,682) 249,389 249,389 118,776 130,613 249,389 249,389 118,776 130,613 Deficiency of revenues under expenditures (141,389) (141,389) (91,458) 49,931 Net change in fund balances (141,389) (141,389) (91,458) 49,931 653,314 653,314 705,593 Total revenues EXPENDITURES Current: Culture and recreation Total expenditures Fund balance – beginning Fund balance – ending $ 511,925 177 $ 511,925 $ 614,135 52,279 $ 102,210 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Miscellaneous Total revenues 2,174,570 $ 2,174,570 $ 2,414,929 $ 240,359 68,409 1,177,905 68,409 1,177,905 12,861 1,362,635 (55,548) 184,730 3,420,884 3,420,884 3,790,425 369,541 4,003,025 229,019 4,003,025 229,019 3,760,718 37,045 242,307 191,974 4,232,044 4,232,044 3,797,763 434,281 (811,160) (811,160) (7,338) 803,822 82,860 (215,000) 122,860 (250,435) 108,483 (250,435) (14,377) (132,140) (127,575) (141,952) (14,377) (943,300) (938,735) (149,290) 789,445 EXPENDITURES Current: Culture and recreation Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending 1,268,759 $ 325,459 178 1,268,759 $ 330,024 1,952,257 $ 1,802,967 683,498 $ 1,427,943 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Miscellaneous Total revenues 1,000 219,000 $ 1,000 219,000 $ 687 263,836 $ (313) 44,836 220,000 220,000 264,523 44,523 137,140 137,140 151,517 (14,377) 137,140 137,140 151,517 (14,377) 82,860 82,860 113,006 30,146 EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (82,860) (122,860) (108,483) 14,377 (82,860) (122,860) (108,483) 14,377 Net change in fund balances (40,000) Fund balance – beginning Fund balance (deficit) – ending 29,177 29,177 $ 179 $ 29,177 (10,823) 4,523 $ 28,748 33,271 44,523 $ (429) 44,094 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 166,950 Interest income $ 166,950 $ 170,842 $ 3,892 5,000 100 5,000 100 3,593 2,680 172,050 172,050 177,115 5,065 340,000 340,000 289,811 50,189 340,000 340,000 289,811 50,189 Deficiency of revenues under expenditures (167,950) (167,950) (112,696) 55,254 Net change in fund balances (167,950) (167,950) (112,696) 55,254 Miscellaneous Total revenues (1,407) 2,580 EXPENDITURES Current: Culture and recreation Total expenditures Fund balance – beginning Fund balance – ending $ 375,446 207,496 180 $ 375,446 207,496 $ 389,447 276,751 $ 14,001 69,255 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 3,667,331 Charges for services $ 3,796,029 $ 2,677,829 $ (1,188,200) 3,806,558 3,806,558 4,262,202 455,644 Fines and forfeits 35,000 35,000 138,245 103,245 Interest income 58,589 32,420 58,589 32,420 19,637 15,041 (38,952) (17,379) 7,599,898 7,728,596 7,112,954 (615,642) 7,834,399 8,099,986 44,000 7,819,119 280,867 44,000 7,834,399 8,143,986 7,819,119 324,867 (234,501) (415,390) (706,165) (290,775) (396,375) 36,495 (410,787) 36,495 (14,412) 396,375 (396,375) (374,292) 22,083 396,375 Miscellaneous Total revenues 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 (uses) Net change in fund balances Fund balance – beginning Fund balance – ending $ (630,876) (789,682) (684,082) 105,600 3,327,832 3,327,832 2,811,095 (516,737) 2,127,013 $ (411,137) 2,696,956 181 $ 2,538,150 $ 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 460,531 4,000 $ 460,531 4,000 $ 480,863 3,944 $ 20,332 (56) 464,531 464,531 484,807 20,276 564,531 677,531 580,412 97,119 564,531 677,531 580,412 97,119 Deficiency of revenues under expenditures (100,000) (213,000) (95,605) 117,395 Net change in fund balances (100,000) (213,000) (95,605) 117,395 547,249 547,249 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 447,249 182 $ 334,249 579,135 $ 483,530 31,886 $ 149,281 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 955,476 $ 955,476 $ Interest income 1,403,199 8,103 $ 447,723 8,103 955,476 955,476 1,411,302 455,826 1,483,701 1,483,701 861,920 621,781 1,483,701 1,483,701 861,920 621,781 Excess (deficiency) of revenues over expenditures (528,225) (528,225) 549,382 1,077,607 Net change in fund balances (528,225) (528,225) 549,382 1,077,607 555,160 555,160 771,975 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 26,935 183 $ 26,935 $ 1,321,357 216,815 $ 1,294,422 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 445,651 $ 505,861 $ 451,420 $ (54,441) 445,651 505,861 451,420 (54,441) 445,651 505,861 459,475 46,386 445,651 505,861 459,475 46,386 EXPENDITURES Current: Public safety Total expenditures (8,055) Excess (deficiency) revenues over expenditures Net change in fund balances (8,055) Fund balance – beginning Fund balance (deficit)– ending (8,055) $ 22,186 184 (8,055) 22,186 22,186 $ 22,186 (22,186) $ (8,055) $ (30,241) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 419,845 $ 419,845 $ Interest income 427,603 $ 7,758 13,000 13,000 1,539 5,390 432,845 432,845 435,072 2,227 576,700 576,700 411,099 165,601 576,700 576,700 411,099 165,601 Excess (deficiency) of revenues over expenditures (143,855) (143,855) 23,973 167,828 Net change in fund balances (143,855) (143,855) 23,973 167,828 153,167 153,167 179,110 Miscellaneous Total revenues 1,539 (7,070) EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 9,312 185 $ 9,312 $ 203,083 25,943 $ 193,771 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 44,614,585 $ 49,652,415 $ $ (8,417,854) 605,927 669,192 1,608 63,265 1,608 45,174,585 50,258,342 41,905,361 (8,352,981) 43,476,395 411,990 49,232,941 482,646 43,517,387 297,953 5,715,554 184,693 43,888,385 49,715,587 43,815,340 5,900,247 1,286,200 542,755 (1,909,979) (2,452,734) (1,286,200) (1,286,200) (99,022) 1,187,178 (1,286,200) (1,286,200) (99,022) 1,187,178 (743,445) (2,009,001) (1,265,556) (954,957) (1,727,140) (772,183) Miscellaneous Total revenues 41,234,561 560,000 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 deficit – beginning (954,957) Changes in nonspendable resources: Decrease in inventories Fund deficit – ending $ (954,957) 186 $ (1,698,402) $ (144,889) (3,881,030) $ (144,889) (2,182,628) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 4,725,460 100,000 $ 4,725,460 100,000 $ 4,568,820 42,152 $ (156,640) (57,848) 4,825,460 4,825,460 4,610,972 (214,488) 4,807,928 158,000 4,807,928 211,802 4,022,170 58,850 785,758 152,952 4,965,928 5,019,730 4,081,020 938,710 (140,468) (194,270) 529,952 724,222 35,000 (220,211) 35,000 (220,211) 29,089 (5,911) 220,211 (185,211) (185,211) 29,089 214,300 (325,679) (379,481) 559,041 938,522 4,281,755 4,281,755 4,771,984 490,229 (29,416) (29,416) 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 Changes in nonspendable resources: Decrease in inventories Fund balance – ending $ 3,956,076 187 $ 3,902,274 $ 5,301,609 $ 1,399,335 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 4,560,000 60,000 $ 4,560,000 60,000 $ 4,368,608 41,279 $ (191,392) (18,721) 4,620,000 4,620,000 4,409,887 (210,113) 4,243,813 305,000 4,243,813 305,000 3,696,123 221,107 547,690 83,893 4,548,813 4,548,813 3,917,230 631,583 71,187 71,187 492,657 421,470 421,470 EXPENDITURES Current: General government Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 71,187 71,187 492,657 4,738,411 4,738,411 4,942,886 4,809,598 188 $ 4,809,598 $ 5,435,543 204,475 $ 625,945 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, 2011 Variance with Final BudgetBudgeted Amounts Original Final Actual Positive Amounts (Negative) REVENUES Intergovernmental $ 102,240 Total revenues $ 102,240 $ 70,045 $ (32,195) 102,240 102,240 70,045 (32,195) 102,240 102,240 55,697 46,543 102,240 102,240 55,697 46,543 14,348 14,348 EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance - ending 61,765 61,765 $ 189 $ 61,765 61,765 $ 14,348 14,348 39,187 53,535 (22,578) (8,230) $ 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 2,238,480 $ 5,391,435 $ Interest income Miscellaneous Total revenues 1,370,982 $ (4,020,453) 895 49 895 49 2,238,480 5,391,435 1,371,926 (4,019,509) 2,238,480 5,391,435 1,378,461 11,744 4,012,974 (11,744) 2,238,480 5,391,435 1,390,205 4,001,230 (18,279) (18,279) EXPENDITURES Current: Education Capital Outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending 73,316 $ 73,316 190 73,316 $ 73,316 $ (18,279) (18,279) (33,475) (106,791) (51,754) $ (125,070) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 600,000 600,000 Total revenues $ 600,000 600,000 $ 465,443 465,443 $ (134,557) (134,557) EXPENDITURES Current: Education Total expenditures 600,000 600,000 316,127 283,873 600,000 600,000 316,127 283,873 149,316 149,316 149,316 149,316 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 100,843 $ 100,843 191 100,843 $ 100,843 215,605 $ 364,921 114,762 $ 264,078 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 800 25,500 Miscellaneous Total revenues $ 800 25,500 $ 1,052 33,740 $ 252 8,240 26,300 26,300 34,792 8,492 26,300 46,300 32,307 13,993 26,300 46,300 32,307 13,993 (20,000) 2,485 22,485 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 131,940 $ 131,940 192 $ (20,000) 2,485 131,940 105,651 111,940 $ 108,136 22,485 (26,289) $ (3,804) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 4,029,036 Fines and forfeits $ 7,747,059 $ $ (1,179,940) 795,270 1,140,627 1,577 345,357 1,577 4,824,306 8,542,329 7,709,323 (833,006) 4,118,950 705,356 7,836,973 705,356 6,258,824 2,438,775 1,578,149 (1,733,419) 4,824,306 8,542,329 8,697,599 (155,270) (988,276) (988,276) (43,659) (43,659) (43,659) (43,659) (1,031,935) (1,031,935) Interest income Total revenues 6,567,119 795,270 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfer out Total other financing uses Net change in fund balances Fund deficit – beginning Fund deficit – ending (952,145) $ (952,145) 193 (952,145) $ (952,145) (668,500) $ (1,700,435) 283,645 $ (748,290) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ Total revenues 2,205,000 2,205,000 $ 1,610,629 1,610,629 $ (594,371) (594,371) EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,880,000 325,000 379,437 1,500,563 325,000 2,205,000 379,437 1,825,563 1,231,192 1,231,192 1,231,192 1,231,192 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 1,339,166 $ 1,339,166 194 1,339,166 $ 1,339,166 1,366,514 $ 2,597,706 27,348 $ 1,258,540 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ $ Total revenues 2,655,000 2,655,000 $ 1,740,665 1,740,665 $ (914,335) (914,335) EXPENDITURES Current: Public safety Capital outlay Total expenditures 1,972,000 683,000 1,686,077 61,966 285,923 621,034 2,655,000 1,748,043 906,957 (7,378) (7,378) Excess (deficiency) of revenues over expenditures Net change in fund balances (7,378) Fund balance – beginning Fund balance (deficit) – ending 10,575 $ 10,575 195 (7,378) 10,575 $ 10,575 (10,575) $ (7,378) $ (17,953) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Small School Service Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 104,204 $ 104,204 $ Interest income Revenues total 109,657 1,251 $ 5,453 1,251 104,204 104,204 110,908 6,704 EXPENDITURES Current: 157,204 157,204 153,927 3,277 Total expenditures 157,204 157,204 153,927 3,277 Deficiency of revenues under expenditures (53,000) (53,000) (43,019) 9,981 Education Net change in fund balances Fund balance (deficit) – beginning Fund balance (deficit) – ending $ (53,000) (53,000) (25,099) (25,099) (78,099) 196 $ (78,099) (43,019) 9,981 162,105 $ 119,086 187,204 $ 197,185 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Solid Waste Grants Fund – Special Revenue Fund For the Fiscal Year Ended June 30, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ $ 80,387 $ 80,387 80,387 80,387 22,994 15,359 7,635 22,994 15,359 7,635 (22,994) 65,028 88,022 Revenues total EXPENDITURES Current: Health, welfare, and sanitation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit) – beginning Fund balance – ending $ 126,966 126,966 197 $ (22,994) 65,028 88,022 126,966 103,972 (65,028) (191,994) (103,972) $ $ 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Miscellaneous Total revenues 200,000 $ 200,000 $ 87,060 $ (112,940) 98,000 20,400 98,000 20,400 32,296 149,377 (65,704) 128,977 318,400 318,400 268,733 (49,667) 7,242,050 401,000 7,242,050 401,000 6,387,808 98,838 854,242 302,162 7,643,050 7,643,050 6,486,646 1,156,404 (7,324,650) (7,324,650) (6,217,913) 1,106,737 (81,319) (99,517) (18,198) 81,319 (81,319) (99,517) (18,198) 81,319 (7,405,969) (7,424,167) (6,236,111) 1,188,056 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 8,303,013 $ 897,044 198 8,303,013 $ 878,846 8,246,578 $ 2,010,467 (56,435) $ 1,131,621 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 115,171 $ 115,171 $ 120,743 750 115,921 750 115,921 1,369 122,112 115,921 115,921 115,921 115,921 115,921 115,921 $ 5,572 619 6,191 EXPENDITURES Current: Public safety Total expenditures 6,191 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 124,627 124,627 199 $ 124,627 124,627 $ 6,191 6,191 6,191 137,058 143,249 12,431 18,622 $ 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 2,328,000 $ 3,021,124 $ 2,611,527 $ (409,597) 1,600 2,329,600 1,600 3,022,724 1,823 2,613,350 233 (409,374) 2,329,600 2,516,830 505,894 2,859,522 (342,692) 505,894 2,329,600 3,022,724 2,859,522 163,202 (246,172) (246,172) (246,172) (246,172) 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 533,818 $ 533,818 200 533,818 $ 533,818 405,116 $ 158,944 (128,702) $ (374,874) 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ $ Miscellaneous Total revenues $ 287,411 $ 287,411 304,341 304,341 304,341 304,341 287,411 (304,341) (16,930) 304,341 304,341 276,151 28,190 304,341 304,341 276,151 28,190 11,260 11,260 11,260 11,260 EXPENDITURES Current: General government Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 223,360 $ 223,360 201 223,360 $ 223,360 278,170 $ 289,430 54,810 $ 66,070 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 573,971 573,971 Total revenues $ 573,971 573,971 $ 584,213 584,213 $ 10,242 10,242 EXPENDITURES Current: Highways and streets Capital outlay Total expenditures 408,971 165,000 408,971 165,000 269,387 303,408 573,971 573,971 572,795 1,176 11,418 11,418 Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending (176,536) $ (176,536) 202 (176,536) $ (176,536) $ 139,584 (138,408) 11,418 11,418 (27,169) 149,367 (15,751) $ 160,785 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Intergovernmental 663,089 $ 663,089 $ 931,160 $ 268,071 96,548,955 96,548,955 93,969,054 Charges for services 101,147 101,147 173,433 Interest income 800,000 588,227 800,000 588,227 558,479 784,349 (241,521) 196,122 98,701,418 98,701,418 96,416,475 (2,284,943) 53,524,883 6,001,371 53,809,890 6,001,371 53,028,083 3,271,744 781,807 2,729,627 59,526,254 59,811,261 56,299,827 3,511,434 39,175,164 38,890,157 40,116,648 1,226,491 (38,801,782) (38,855,312) (36,851,957) 2,003,355 (38,801,782) (38,855,312) (36,851,957) 2,003,355 Miscellaneous Total revenues (2,579,901) 72,286 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 373,382 34,845 3,264,691 3,229,846 22,094,824 22,094,824 27,697,101 5,602,277 Changes in nonspendable resources: 309,528 Increase in inventories Fund balance – ending $ 22,468,206 203 $ 22,129,669 $ 31,271,320 309,528 $ 9,141,651 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Interest income Total revenues 1,488,714 $ 1,667,546 $ 1,403,683 $ (263,863) 655,934 1,000 655,934 1,000 739,958 84,024 (1,000) 2,145,648 2,324,480 2,143,641 (180,839) 2,145,648 2,324,480 2,021,509 302,971 2,145,648 2,324,480 2,021,509 302,971 122,132 122,132 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit – beginning Fund deficit – ending (25,995) $ (25,995) 204 (25,995) $ (25,995) $ 122,132 122,132 (151,702) (125,707) (29,570) $ (3,575) 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 6,446,000 Interest income 6,446,000 $ 5,714,397 $ (731,603) 18,000 13,000 13,840 15,269 (4,160) 2,269 6,477,000 6,477,000 5,743,506 (733,494) 7,036,000 7,561,000 6,828,846 732,154 7,036,000 700,000 8,261,000 643,369 7,472,215 56,631 788,785 (559,000) (1,784,000) (1,728,709) 55,291 (559,000) (1,784,000) (1,728,709) 55,291 2,358,138 2,358,138 2,790,518 432,380 Miscellaneous Total revenues $ 18,000 13,000 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance – beginning Fund balance – ending $ 1,799,138 205 $ 574,138 $ 1,061,809 $ 487,671 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 24,000 Interest income $ 16,000 24,000 $ $ (3,921) 6,392 (9,608) 40,000 40,000 500 26,971 500 (13,029) 40,000 40,000 11,062 28,938 40,000 40,000 11,062 28,938 15,909 15,909 15,909 15,909 Miscellaneous Total revenues 20,079 16,000 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 758,083 $ 758,083 206 758,083 $ 758,083 763,302 $ 779,211 5,219 $ 21,128 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Interest income Total revenues 88,000 $ 88,000 12,000 100,000 12,000 100,000 100,000 100,000 100,000 100,000 $ 128,366 $ 8,410 136,776 40,366 (3,590) 36,776 EXPENDITURES Current: Public safety Total expenditures 100,000 100,000 Excess of revenues over expenditures Net change in fund balances Fund balance – beginning Fund balance – ending 915,786 $ 915,786 207 915,786 $ 915,786 136,776 136,776 136,776 136,776 947,300 $ 1,084,076 31,514 $ 168,290 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 10,000 10,000 Total revenues $ 10,000 10,000 $ 8,485 8,485 $ (1,515) (1,515) EXPENDITURES Current: 75,000 75,000 42,553 32,447 75,000 75,000 42,553 32,447 Deficiency of revenues under expenditures (65,000) (65,000) (34,068) 30,932 Net change in fund balances (65,000) (65,000) (34,068) 30,932 176,788 176,788 180,821 Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 111,788 208 $ 111,788 $ 146,753 4,033 $ 34,965 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 130,000 Interest income $ 130,000 $ 157,969 $ 27,969 6,000 136,000 6,000 136,000 5,286 163,255 (714) 27,255 474,133 474,133 120,018 354,115 474,133 474,133 120,018 354,115 Excess (deficiency) of revenues over expenditures (338,133) (338,133) 43,237 381,370 Net change in fund balances (338,133) (338,133) 43,237 381,370 456,674 456,674 448,999 Total revenues EXPENDITURES Current: Public safety Total expenditures Fund balance – beginning Fund balance – ending $ 118,541 209 $ 118,541 $ 492,236 (7,675) $ 373,695 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, 2011 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Interest income Total revenues 4,421,046 $ 4,421,046 $ 4,357,598 $ (63,448) 60,000 30,000 60,000 30,000 205,194 6,736 145,194 (23,264) 4,511,046 4,511,046 4,569,528 58,482 4,752,193 4,912,193 5,042,606 (130,413) 4,752,193 4,912,193 5,042,606 (130,413) (241,147) (401,147) (473,078) (71,931) (64,703) (64,703) 64,703 (64,703) (64,703) 64,703 (305,850) (465,850) EXPENDITURES Current: Health, welfare and sanitation 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 2,195,624 $ 1,889,774 210 (473,078) 2,195,624 $ 1,729,774 (7,228) 1,576,397 $ 1,103,319 (619,227) $ (626,455) 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 2,674,846 $ 2,674,846 $ 2,640,840 $ (34,006) 25,000 2,699,846 25,000 2,699,846 31,863 2,672,703 6,863 (27,143) 17,172,330 17,624,080 11,105,000 6,519,080 6,519,080 (6,519,080) 17,172,330 17,624,080 17,624,080 (14,472,484) (14,924,234) (14,951,377) (27,143) 12,866,182 (11,649) 12,866,182 (11,649) 12,866,180 (11,649) (2) 12,854,533 12,854,533 12,854,531 (2) (1,617,951) (2,069,701) (2,096,846) (27,145) EXPENDITURES Current: Principal Interest 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 Fund balance – ending 9,098,850 $ 7,480,899 211 9,098,850 $ 7,029,149 8,884,226 $ 6,787,380 (214,624) $ (241,769) 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ Interest income Total revenues 4,321,745 300,000 $ 4,321,745 300,000 $ 4,988,266 $ 666,521 4,621,745 4,621,745 334,114 5,322,380 34,114 700,635 6,611,335 6,611,335 4,569,241 2,042,094 2,028,694 1,249 (2,028,694) (1,249) EXPENDITURES Debt service: Principal Interest Other expenses Total expenditures Deficiency of revenues under expenditures 6,611,335 6,611,335 6,599,184 12,151 (1,989,590) (1,989,590) (1,276,804) 712,786 1,179,241 1,179,241 (115,500) 1,179,241 (115,500) 1,179,241 1,063,741 1,063,741 (810,349) (925,849) (213,063) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending 9,224,780 $ 8,414,431 212 9,224,780 $ 8,298,931 712,786 9,468,739 $ 9,255,676 243,959 $ 956,745 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) OTHER FINANCING USES Transfers out $ Total other financing uses Net change in fund balances (12,752) (12,752) $ (12,753) $ (1) (12,752) (12,753) (1) (12,752) (12,752) (12,753) (1) Fund balance – beginning Fund balance – ending $ (12,752) 12,752 $ 12,752 $ 213 12,753 $ 1 $ 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental Total revenues $ $ $ 938,464 $ 938,464 938,464 938,464 EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 69,929,821 69,299,796 14,379,704 54,920,092 69,929,821 69,299,796 14,379,704 54,920,092 (69,929,821) (69,299,796) (13,441,240) 55,858,556 197,323,710 197,323,710 197,323,710 197,323,710 197,323,710 197,323,710 127,393,889 128,023,914 183,882,470 82,436,119 82,436,119 82,302,773 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 209,830,008 214 $ 210,460,033 $ 266,185,243 55,858,556 (133,346) $ 55,725,210 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Detention Technology Capital Projects Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ Total expenditures Deficiency of revenues under expenditures 5,718,000 5,718,000 $ 5,718,000 5,718,000 $ 841,877 847,877 (5,718,000) (5,718,000) (841,877) 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 4,282,000 4,282,000 9,158,123 $ 4,876,123 4,876,123 4,876,123 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances 4,876,123 Fund balance – beginning Fund balance – ending $ 4,282,000 215 $ 4,282,000 $ 9,158,123 $ 4,876,123 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 4,908,000 4,908,000 $ 4,908,000 4,908,000 $ 6,962,793 6,962,793 $ 2,054,793 2,054,793 EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 60,548,481 60,548,481 52,706,577 7,841,904 60,548,481 60,548,481 52,706,577 7,841,904 (55,640,481) (55,640,481) (45,743,784) 9,896,697 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 40,000,000 (15,640,481) (15,640,481) (5,743,784) OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 24,075,924 8,435,443 216 $ 24,075,924 8,435,443 $ 37,521,531 31,777,747 9,896,697 $ 13,445,607 23,342,304 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ Total expenditures Deficiency of revenues under expenditures 196,836,794 196,836,794 $ 197,464,364 197,464,364 $ 137,542,053 137,542,053 $ 59,922,311 59,922,311 (196,836,794) (197,464,364) (137,542,053) 59,922,311 44,420,837 (11,701,867) 43,880,837 (11,701,867) 43,880,837 (11,701,866) 1 32,718,970 32,178,970 32,178,971 1 (164,117,824) (165,285,394) (105,363,082) 59,922,312 427,936,576 427,936,576 387,513,857 (40,422,719) OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 263,818,752 217 $ 262,651,182 $ 282,150,775 $ 19,499,593 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Total revenues 20,188 20,188 $ 20,188 20,188 EXPENDITURES Capital outlay Total expenditures Deficiency of revenues under expenditures 232,683 389,383 321,081 68,302 232,683 389,383 321,081 68,302 (232,683) (389,383) (300,893) 88,490 232,683 232,683 305,585 305,585 305,585 305,585 (83,798) 4,692 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance – beginning Fund balance – ending $ 2,637,719 2,637,719 218 $ 2,637,719 2,553,921 $ 2,448,177 2,452,869 88,490 $ (189,542) (101,052) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Capital Improvement Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 540,000 $ 540,000 $ 540,000 $ Interest income 40,000 40,000 15,559 (24,441) Miscellaneous 50,000 630,000 50,000 630,000 43,625 599,184 (6,375) (30,816) 6,040,000 6,040,000 4,433,162 1,606,838 6,040,000 6,040,000 4,433,162 1,606,838 (5,410,000) (5,410,000) (3,833,978) 1,576,022 231,582 231,582 231,582 231,582 231,582 231,582 (5,178,418) (5,178,418) (3,602,396) Total revenues 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 5,348,416 $ 169,998 219 5,348,416 $ 169,998 1,576,022 5,258,473 $ 1,656,077 (89,943) $ 1,486,079 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ $ Interest income Miscellaneous Total revenues $ 1,667 $ 1,667 5,000 5,000 1,452 (3,548) 1,000,000 1,005,000 1,000,000 1,005,000 1,024,842 1,027,961 28,842 22,961 3,000 3,000 2,500 500 3,000 3,000 2,500 500 1,002,000 1,002,000 1,025,461 23,461 1,607,870 (2,097,500) 1,607,870 (3,497,500) 1,090,018 (2,967,467) (489,630) (1,889,630) (1,877,449) 12,181 512,370 (887,630) (851,988) 35,642 EXPENDITURES Capital outlay Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing uses Net change in fund balances Fund balance – beginning Fund balance – ending 9,918,465 $ 10,430,835 220 9,918,465 $ 9,030,835 (517,852) 530,033 10,002,435 $ 9,150,447 83,970 $ 119,612 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Technology Capital Improvements Fund – Capital Projects Fund For the Fiscal Year Ended June 30, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ Total expenditures Deficiency of revenues under expenditures 56,134,813 $ 56,134,813 $ 2,205,365 $ 53,929,448 56,134,813 56,134,813 2,205,365 53,929,448 (56,134,813) (56,134,813) (2,205,365) 53,929,448 151,700,000 151,700,000 151,700,000 151,700,000 151,700,000 151,700,000 95,565,187 95,565,187 149,494,635 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances 53,929,448 Fund balance- beginning Fund balance (deficit) – ending $ 95,565,187 221 $ 95,565,187 $ 149,494,635 $ 53,929,448 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, 2011 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Total revenues $ $ 15,906,820 $ 15,906,820 38,814,115 38,814,115 38,814,115 38,814,115 19,037,129 34,943,949 (19,776,986) (3,870,166) 98,872,518 98,897,237 82,086,061 16,811,176 98,872,518 98,897,237 82,086,061 16,811,176 (60,058,403) (60,083,122) (47,142,112) 12,941,010 36,798,426 36,798,426 36,798,426 36,798,426 36,798,427 36,798,427 1 1 (23,259,977) (23,284,696) (10,343,685) 12,941,011 30,580,162 7,320,185 30,580,162 7,295,466 53,014,090 42,670,405 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 $ 222 $ $ $ 22,433,928 35,374,939 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects For the Fiscal Year Ended June 30, 2011 Budgeted Amounts Original Actual Amounts Final Variance with Final Budget GENERAL GOVERNMENT Intergovernmental Capital Projects APS ES ESCO Improvements $ 17,683 $ Cave Creek Transfer Station Vulture Mountain 50,000 165,000 White Tank Nature Center Total Intergovernmental Capital Projects 90,585 $ 77,222 83,798 28,859 50,000 165,000 50,000 165,000 $ 13,363 54,939 $ 232,683 $ 389,383 $ 321,081 $ 68,302 $ 5,020,710 $ 5,648,280 $ 4,530,603 $ 1,117,677 General Fund County Improvements APS ES ESCO Improvements Chambers Swing Space Remodel Court Tower First Ave Jail Demo Plaza Dsgn 2,819,079 400,798 2,418,281 138,067,103 138,067,103 122,445,138 15,621,965 8,331,712 8,331,712 292,199 8,039,513 295,000 263,635 31,365 651,725 Fifth Ave Remediation Maricopa Regional Trail System 850,000 850,000 31,657,923 26,916,506 Santa Fe Depot Remodel 3,822,106 3,830,901 2,724,109 1,106,792 Security Building 2,669,424 2,665,727 4,198 2,661,529 Sheriff Crime Lab Relocation 3,533,297 4,592,713 2,530,564 2,062,149 250,000 66,521 183,479 100,000 100,000 2,257 97,743 2,784,519 196,836,794 $ 3,097,343 197,464,364 $ 2,594,015 136,505,762 $ 503,328 60,958,602 2,102,550 $ 2,102,550 $ 1,452,992 $ Project Reserve Southeast Facility Remodel Vulture Mountain W Court 2 3 4 Floor Model Total General Fund County Improvements $ 198,275 26,916,506 Technology Capital Improvements Contact Center System $ County Telephone System 16,453,320 Infrastructure Refresh Ph Ii Radio System Sheriff 911 Center Equipment Total Technology Capital Improvements 649,558 16,453,320 98,897 16,354,423 500,000 500,000 339,922 160,078 28,828,943 28,828,943 126,662 28,702,281 $ 8,250,000 56,134,813 $ 8,250,000 56,134,813 $ 186,892 2,205,365 $ 8,063,108 53,929,448 $ 10,607,196 $ 9,762,410 $ 7,460,717 $ 2,301,693 CRIMINAL JUSTICE Criminal Justice Facilities APS ES ESCO Improvements Estrella Chilled Water Conv 3,150,000 2,687,158 2,340,799 989,900 1,009,648 999,131 10,517 1,142,900 1,170,819 1,049,585 121,234 MCSO Transportation Hub 52,139,825 52,139,825 Towers Chilled Water Conv $ 1,900,000 69,929,821 $ 2,529,936 69,299,796 $ 5,718,000 $ 5,718,000 4th Ave Solar Water Htr System LBJ Solar Water Heating System Total Criminal Justice Facilities 346,359 52,139,825 $ 2,529,472 14,379,704 $ 464 54,920,092 $ 841,877 $ 4,876,123 Detention Technology CHS Electronic Medical Records 223 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2011 Budgeted Amounts Original Final Actual Amounts Variance with Final Budget CULTURE AND RECREATION Library Building White Tank Library District Tech Phase II Total Culture and Recreation $ 5,540,000 500,000 $ 5,540,000 500,000 $ 4,395,402 37,760 $ 1,144,598 462,240 $ 6,040,000 $ 6,040,000 $ 4,433,162 $ 1,606,838 $ 5,000 548,481 333,000 520,000 25,000 263,000 5,000 3,550,000 905,000 45,000 100,000 1,550,000 979,000 1,060,000 $ 25,000 548,481 1,120,000 812,000 634,000 631,000 5,000 305,000 2,021,000 535,000 118,000 249,000 4,134,000 40,000 40,000 628,000 8,345,000 70,000 4,034,000 70,000 2,420,000 $ $ 435 540,848 8,471,650 7,350 3,546,312 4,335 1,292,400 25,000 (2,021) 163,956 189,923 101,731 190,525 5,000 68,278 (274,283) 11,373 46,870 39,675 771,150 40,000 39,565 87,152 (126,650) 62,650 487,688 65,665 1,127,600 9,801,530 131,745 193,210 264,346 1,494,925 (54) 238,395 160,920 933,533 14,428,041 1,323,825 26,225 46,302 1,516,470 157,255 77,790 41,654 10,075 1,054 82,605 8,080 40,467 1,824,959 908,175 18,775 33,698 PUBLIC SAFETY Agua Fria River Aps Es Esco Improvements Ariz Canal Diversion Channel Buckeye #1 Buckeye/Sun Valley Admp Cave Buttes Dam City Of Chandler City Of Scottsdale Durango Admp East Maricopa Floodway East Mesa Admp Floodprone Prop Acquisition Glendale/Peoria Admp Granite Reef Wash Harquahala Frs Maint Road Paving Project Maryvale Admp Mcmicken Dam Metro Admp New River Dam Powerline Frs Project Reserves Queen Creek Admp S Phoenix Drainage Improvement Saddleback Flood Remed Struct Salt/Gila River Small Project Assistance Sossaman Channel Spook Hill Admp Spook Hill Frs Town Of Queen Creek White Tanks Admp White Tanks Dam #4 Wickenburg Adms Wittman Admp Total Public Safety 1,000,000 7,400,000 10,000 5,745,000 3,198,000 2,623,000 8,358,000 380,000 330,000 10,000 2,000,000 10,000 210,000 40,000 55,000 15,909,000 3,367,000 15,000 $ 60,548,481 550,502 956,044 622,077 532,269 440,475 236,722 2,295,283 523,627 71,130 209,325 3,362,850 11,318,000 289,000 271,000 306,000 1,505,000 1,000 321,000 169,000 974,000 16,253,000 2,232,000 45,000 80,000 $ 60,548,481 $ 52,706,577 $ 7,841,904 $ 171,698 23,639 2,122 27,418 2,674,271 9,542 2,601 $ (171,698) (23,639) (2,122) (27,418) 1,425,729 (9,542) (2,601) HIGHWAYS AND STREETS 104Th St Univ To Quarterline 27Th Av: Twin Pks Ln - New Rvr 51St Ave Santa Cruz Gric Bdry 56Th St Montgomery To Lone Mtn 7 St Carefree Hwy Desert Hills 87Th Av Deer Vly To Peoria Lmt 87Th Av Peoria Lmt To Williams $ $ 4,100,000 224 4,100,000 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2011 Budgeted Amounts Original Final Actual Amounts Variance with Final Budget HIGHWAYS AND STREETS (CONT.) 88Th Ave Deer Vly To Williams 99Th Ave Olive To Bell Its Asphalt Rubber Overlay Arra Avondale At Mc 85 Bell Rd Sr303 To 75Th Its Benchmarking Study Bridge Preservation Buckeye Rd Wintersburg 339Th Buckeye Rd Wintersburg 35Th Av Buckeye Row Improv S I 10 Bush Hwy Asphalt Rubber Ovrly Candidate Assessment Reports Cave Cr Rd Carefree Hwy Impr Cotton Ln Bridge At Gila River County Arterials Deer Valley El Mirage To Lk P Dobson Rd Bridge At Salt River Dust Mitigation Dysart Indian Sch To Glendale East Valley Sig Mod 6 E-Intellidrive Study Ph Iii El Mirage Bell Beardsley El Mirage Northern Bell El Mirage Northern To Cactus El Mirage Northern To Peoria El Mirage Picerne To Bell Elliot Rd And Sossaman Rd Ellsworth Rd Hunt Hwy Riggs Esco Central Plant Retrofits Esco Control Systems Esco Hvac Motor Retrofits Esco Lighting Retrofits Esco Water Retrofits Facilities Projects Fig Springs New Rvr Tnf Forest Rd Mcdowell - Rio Verde Ft Mcdowell Drainage Scoping General Civil Engineering Gilbert Rd Bridge Scour Gilbert Rd Lwc Flood Repair Gilbert Road Bridge Iga With Phoenix For Pm10 Dsgn Indian School At Beardsley Cnl Intelligent Trans Syst Its Lk Pleasant Rd Chs To Park Ent Low Volume Road Prog Ne Valley Low Volume Road Prog Nw Valley Low Volume Road Prog Se Valley Low Volume Road Prog Sw Valley Low Volume Roads Program Low Volume Roads Program Ph 3 Lower Buckeye Rd Salome 339Th Lp 303 Indian Sch Clearview Lvr Cat I Roads Lvr Cat Ii Roads $ $ $ 1,090,000 1,090,000 3,750,000 15,000 35,000 910,000 30,000 220,000 405,000 30,000 1,400,000 15,000 35,000 910,000 30,000 720,000 405,000 30,000 1,400,000 750,000 1,500,000 1,000,000 1,500,000 1,000,000 130,000 130,000 4,425,000 30,000 540,000 4,425,000 30,000 540,000 540,000 15,000 10,105,000 48,340 408,250 38,102 396,176 33,650 540,000 15,000 10,105,000 76,499 405,510 40,281 394,211 32,736 905,000 220,000 350,000 905,000 220,000 350,000 1,510,000 3,750,000 1,510,000 500,000 80,000 500,000 80,000 3,000,000 3,000,000 120,000 620,000 1,200,000 1,000,000 225 1,644 628,381 7,177,955 29,086 159,471 17,977 415,507 400,045 51,276 1,526,350 906 3,504 797,711 15,444 95,276 212,296 56,390 5,409,058 1,205,371 75,148 2,951 254,056 231,138 11,676,976 51,379 318,004 24,192 424,190 25,237 121,073 132,946 13,316 35,941 22,386 62,832 1,198,920 5,421 65,849 45,186 3,000 4,434 498,053 267,650 48,468 401,372 69,229 (500) 254,154 33,499 639,979 306,358 $ (1,644) 461,619 (3,427,955) (29,086) (144,471) 35,000 910,000 12,023 304,493 4,955 (21,276) (126,350) 749,094 (3,504) 1,500,000 202,289 (15,444) 130,000 (95,276) (212,296) (56,390) (984,058) (1,175,371) 464,852 (2,951) 285,944 (216,138) (1,571,976) 25,120 87,506 16,089 (29,979) 7,499 (121,073) (132,946) 891,684 184,059 327,614 (62,832) 2,551,080 1,504,579 (65,849) 454,814 77,000 (4,434) (498,053) (267,650) (48,468) (401,372) 2,930,771 500 365,846 (33,499) 560,021 693,642 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2011 Budgeted Amounts Original Final Actual Amounts Variance with Final Budget HIGHWAYS AND STREETS (CONT.) Lvr Cat Iii Roads Lvr Scoping Lwr Buckeye Salome Hwy 339Th Mag Alcp Projects Mc 85 107Th Ave 91St Ave Mc 85 91St Ave 75Th Ave Mc 85 At Miller Rd Mc 85 Cotton Ln Estrella Pkwy Mc85 83Rd Ave Intrsctn Improv Mc85 At 83Rd Ctr Turn Ln Exp Mc85 Litchfield 83Rd Av Its Mcdot Tmc Relocation Mcdot Tmc Upgrade Mcdowell Rd E Perryville Rd Meeker Blvd And Wilson Way Meridian Rd Miller Rd Bridge At Bid Canal Miller Rd I10 To 1 Mi N I10 Mingus At 25Th Avenue Ne Maintenance Yard New R I17 Frontage Des Hills New River I 17 To E 27Th Av New River 10Th To Cir Mtn New River Cir Mtn To Skunk Crk New River Rd S Curvs W Fig Spr New River Road Improvement New Rr Rd Desrt Hls E Cir Mt Northern Ave Sr 303 To Grand Northern Parkway Phase Ii Oakmont At 107Th Ave Ocotillo Rd Brg Ovr Qn Crk Wsh Old Us 80 Bridge At Gila River Olive Ave And Reems Rd Olive Ave Ltchfld To Lp101 Its Olive Avenue And Cotton Lane Partnership Support Pavement Preservation Peoria And Olive Signal Upgrd Peoria At 99Th Ave Peoria New Bridge Repairs Power At Riggs Power Rd Guadalupe Bseline Power Rd Pecos To Santan Fwy Project Reserves Account Prop Mgmt Prior Years Projects Rh Johnson And Trail Ridge Riggs Ellsworth To Meridian Riggs Rd At Sonoqui Wash Right-Of-Way Rio Verde Dr Forest To 136Th Row In Fill Road Inventory Sys Safety Projects Salome Bridge At Cap Canal $ $ 1,000,000 30,000 2,030,000 1,030,000 1,000,000 30,000 2,030,000 1,030,000 1,000,000 750,000 30,000 30,000 30,000 1,160,000 440,000 30,000 30,000 530,000 30,000 1,000,000 1,160,000 440,000 30,000 440,000 440,000 10,000 3,750,000 10,000 500,000 40,000 500,000 40,000 24,430,000 11,030,000 20,000 5,275,000 15,000 15,000 60,000 130,000 500,000 10,000 20,000 675,000 15,000 15,000 60,000 130,000 500,000 10,000 5,000,000 50,000 30,000 50,000 30,000 100,000 2,000,000 100,000 200,000 220,000 700,000 220,000 $ 628,612 400,462 41,031 968 2,423 1,044 276,121 272 475,238 602,653 117,150 61,309 111,405 232,910 272,110 13,488 4,570 2,458,481 3,855 101,105 5,430 24,609 210,187 920,970 75,404 11,463,574 22,365 2,772 36,642 433,221 41,798 91,460 1,716 139,623 43,989 120,000 141,643 12,615 14,697 21,956 74,021 17,596 702,228 101,155 266,577 16,780 226 $ 371,388 (400,462) (11,031) 2,030,000 1,029,032 997,577 748,956 (276,121) 29,728 54,762 30,000 397,347 1,042,850 378,691 (81,405) (232,910) (272,110) 426,512 (4,570) 1,291,519 6,145 (101,105) (5,430) (24,609) 289,813 (880,970) (75,404) (433,574) (22,365) (2,772) (16,642) 241,779 (26,798) (76,460) 58,284 130,000 500,000 (129,623) (43,989) (120,000) (141,643) (12,615) (14,697) 28,044 (44,021) (17,596) 1,297,772 100,000 (101,155) 433,423 220,000 (16,780) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) For the Fiscal Year Ended June 30, 2011 Budgeted Amounts Original Final Actual Amounts Variance with Final Budget HIGHWAYS AND STREETS (CONT.) Salt R Crossing El Mirage Rd Salt R Crossing Mckellips Rd Salt River Crossing At 67Th Av Salt River Crossing At 91St Av Signal Modernization Sc 1 Small Cities Assist Prog Southern At Meridian Southern: 96Th St To Cheshire Special Projects Stardust Blvd And 135Th Ave Sun City Mill Overlay Ph 3 Sun City Mill Overlay Ph 4 Sun City Mill Overlay Ph 4 Sun City Pedestrian Signals Sun City Sig Upgrade Bell Ro Sun City Signl Upgr Rh Johnson Sun City West Mill And Overlay Sun City West Mill Ovrlay Ph 3 Sun City West Mill Ovrlay Ph 4 Tip Development Traffic Calming Traffic Improvements Traffic Sgnl At Olive-Sarival Traffic Sgnl Fire Stn 99Th Av Traffic Signal Improvement 13 Traffic Signal Improvement 14 Traffic Signal Improvement 18 Traffic Signal Upgrade - 5 Loc Transportation Planning Tuthill Rd Bridge At Gila R Unallocated Force Account Usery Pass Omega To Bush Hwy Val Vista Germann To Ray Vls And Radio Upgrade Warranted Traffic Improvements West Broadway Dust Control Williams Fld Gilbert Lindsay Total Highways and Streets $ 30,000 30,000 30,000 30,000 $ 30,000 30,000 30,000 30,000 250,000 1,520,000 250,000 320,000 1,510,000 10,000 1,510,000 10,000 $ 3,750,000 $ 2,165,000 1,080,000 4,035,000 2,165,000 1,080,000 4,035,000 671,355 4,500,000 671,355 470,000 470,000 20,000 5,000 386,000 10,000 230,000 10,000 1,469,645 20,000 5,000 386,000 10,000 430,000 10,000 269,645 1,651,000 595,000 1,000,000 1,651,000 595,000 1,000,000 4,680,000 680,000 98,872,518 227 $ 98,897,237 93,253 61,672 73,611 78,696 71 755,857 220,188 487 1,037,400 227,252 3,053 1,485,281 2,061 11,486 1,691,406 1,204,011 6,006,525 7,814 5,862,621 372,431 102,259 $ (63,253) (31,672) (43,611) (48,696) (71) (505,857) 99,812 (487) 472,600 (217,252) (3,053) 2,264,719 (2,061) (11,486) 473,594 (124,011) (1,971,525) (7,814) (1,362,621) 298,924 (102,259) 470,000 (38,264) (9,583) (991,765) 3,799 386,000 (54,442) 430,000 6,132 269,645 (1,993) 1,000 512,423 997,751 (21,957) 15,284 $ 16,811,176 38,264 9,583 1,011,765 1,201 64,442 3,868 1,993 1,650,000 82,577 2,249 21,957 664,716 $ 82,086,061 228 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. 231 Maricopa County Combining Statement of Net Assets All Internal Service Funds June 30, 2011 Equipment Services Telecommunications Reprographics ASSETS Current assets: Cash in bank and on hand $ Cash and investments held by County Treasurer 900 $ 3,031,360 200 $ 5,703,383 180,147 Receivables: Accounts Accrued interest 92 179 663,394 91,399 3,695,746 5,795,161 180,147 1,869,629 (1,628,706) 9,434,533 (6,655,391) 731,992 (493,364) 240,923 2,779,142 238,628 3,936,669 8,574,303 418,775 Accounts payable 545,032 700,121 25,293 Employee compensation payable 259,192 271,881 56,534 804,224 972,002 81,827 804,224 972,002 81,827 240,923 2,891,522 3,132,445 2,779,142 4,823,159 7,602,301 238,628 98,320 336,948 Inventories Prepaids Total current assets Noncurrent assets: Capital assets: 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 Unrestricted (deficit) Total net assets (deficit) $ 232 $ $ Employee Risk Management $ 100 Benefits Trust $ 62,490,462 3,801 11,055 Sheriff Warehouse $ Total $ 12,255 57,170,396 128,575,748 898,197 898,197 3,563 1,134,931 852,807 63,629,294 58,936,018 96,231 (81,103) 7,635 1,108,100 1,862,893 1,987,738 1,108,100 133,344,466 33,013 (33,013) 12,165,398 (8,891,577) 15,128 3,273,821 63,644,422 58,936,018 1,108,100 136,618,287 982,763 124,271 4,923 2,382,403 186,659 3,290,574 4,064,840 2,382,969 38,663,548 12,115,071 39,832,970 17,912,885 4,935 2,387,904 611,429 611,429 50,778,619 621,287 60,225,195 93,594,637 93,594,637 93,594,637 93,594,637 133,427,607 15,128 (69,798,313) $ (69,783,185) $ 17,912,885 621,287 41,023,133 41,023,133 486,813 486,813 $ 153,819,832 3,273,821 (20,475,366) $ (17,201,545) 233 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Assets All Internal Service Funds For the Fiscal Year Ended June 30, 2011 Equipment Services Telecommunications Reprographics OPERATING REVENUES Charges for services $ Miscellaneous Total operating revenues 16,897,803 42,232 $ 17,823,203 1,531,319 $ 794,005 19,954 16,940,035 19,354,522 813,959 OPERATING EXPENSES Personal services Supplies 3,521,252 3,965,344 524,050 11,699,952 2,073,289 191,013 732,593 1,871,956 80,408 Other services Legal Insurance and claims Leases and rentals 4,636 4,214 Repairs and maintenance 481,883 1,784,608 Travel and transportation 4,264 11,083 71,436 46,501 7,562,620 833,185 63,178 16,562,517 18,106,299 893,032 377,518 1,248,223 21,030 30,817 21,030 30,817 398,548 1,279,040 (79,073) 398,548 1,279,040 (79,073) 2,733,897 6,323,261 416,021 Utilities Depreciation Total operating expenses Operating income (loss) 34,383 (79,073) NONOPERATING REVENUES (EXPENSES) Investment income Loss on disposal of capital assets Total nonoperating revenues (expenses) Income (loss) before transfers Transfers in Transfers out Change in net assets Total net assets (deficit) – beginning, as restated Total net assets (deficit) – ending $ 3,132,445 234 $ 7,602,301 $ 336,948 Employee Risk Management $ 24,332,007 579,991 Benefits Trust $ Sheriff Warehouse 119,211,911 884 $ 2,159,089 Total $ 2,159,089 24,911,998 119,212,795 183,392,398 1,930,651 1,650,492 102,949 17,248 2,157,498 16,241,949 1,114,333 9,595,316 26,974 13,421,580 11,591,789 4,193,937 4,193,937 59,069,702 109,221,583 17,702 5,061 31,613 1,117 28,918 2,330,909 7,266 2,111 24,724 2,170 739 7,634,056 945,773 168,291,285 66,439,827 120,521,468 2,184,472 224,707,615 (25,383) (41,315,217) (41,527,829) (1,308,673) 501,841 498,476 (3,273) 1,052,164 (3,273) 501,841 495,203 1,048,891 (41,025,988) (813,470) (25,383) (40,266,326) 49,990 (1,380,291) $ 181,218,018 2,174,380 49,990 (1,380,291) (41,025,988) (2,143,771) (25,383) (41,596,627) (28,757,197) 43,166,904 512,196 24,395,082 (69,783,185) $ 41,023,133 $ 486,813 235 $ (17,201,545) Maricopa County Combining Statement of Cash Flows All Internal Service Funds For the Fiscal Year Ended June 30, 2011 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 $ 16,897,803 Telecommunications $ 42,232 (13,402,435) (3,494,869) 42,731 17,823,203 Reprographics $ 794,005 1,531,319 19,954 (13,528,447) (3,971,699) (310,634) (527,220) 1,854,376 (23,895) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Advances from General Fund Loan payments to General Fund Net cash provided by (used for) noncapital financing activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Net cash used for capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash provided by investing activities Net increase (decrease) in cash and cash equivalents (244,360) (669,959) (244,360) (669,959) 23,482 34,396 23,482 34,396 (178,147) 3,210,407 Cash and cash equivalents, July 1, 2010, as restated Cash and cash equivalents, June 30, 2011 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 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 SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES: Accumulated depreciation from disposed capital assets Machinery and equipment disposed Capital assets transferred from governmental activities Accumulated depreciation transferred from governmental activities 204,042 3,032,260 $ 5,703,583 $ 180,147 $ 377,518 $ 1,248,223 $ (79,073) 46,501 833,185 63,178 (243,837) (2,623) (163,834) (218,054) (4,830) (6,355) (3,170) 26,383 $ 42,731 148,008 (148,008) 31,000 (31,000) 236 (23,895) 4,484,770 $ $ Net cash provided by (used for) operating activities 1,218,813 $ 1,854,376 $ (23,895) Employee Benefits Trust Risk Management $ 24,332,007 $ 579,991 119,573,777 Sheriff Warehouse $ 2,159,089 Total $ 884 (22,963,200) (1,918,362) 2,174,380 (117,251,299) (623,344) 30,436 181,579,884 (1,945,027) (169,401,042) (10,535,494) 1,700,018 214,062 3,817,728 49,990 (1,380,291) (214,062) 49,990 (1,594,353) (1,330,301) (214,062) (1,544,363) (914,319) (914,319) 577,869 576,271 1,212,018 577,869 576,271 1,212,018 608,305 945,988 2,571,064 61,882,257 56,235,463 126,016,939 $ 62,490,562 $ 57,181,451 $ $ (41,527,829) $ (1,308,673) $ 2,170 (25,383) $ 128,588,003 $ (41,315,217) 739 945,773 41,289,352 41,289,352 361,866 361,866 451,224 20,354 (319,105) $ (721,921) (388,285) 12,289 1,027,148 553,205 (860,543) 3,610,041 30,436 204,764 (742,275) $ 1,700,018 (209,626) (1,303,734) 1,056,295 (2,153) $ 214,062 (862,696) 4,163,246 $ $ 3,817,728 148,008 (148,008) 31,000 (31,000) 237 238 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, 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. 241 Maricopa County Statement of Changes in Assets and Liabilities Agency Fund For the Fiscal Year Ended June 30, 2011 Balance July 1, 2010, as restated SPECIAL PURPOSE Assets Cash in bank and on hand Cash and investments held by County Treasurer Miscellaneous Total assets Liabilities Accounts payable Accrued liabilities Deposits held for other parties Total liabilities Balance Additions $ 76,515,182 1,033,581 39,190 $ $ 77,587,953 $ $ 163,646 $ Deductions June 30, 2011 $ 36,080,728 171,651 $ 40,434,454 861,930 66,564 $ 36,252,379 $ 41,362,948 $ 138,199 $ 25,447 350,984 40,986,517 $ 41,362,948 27,374 27,374 350,984 77,424,307 $ 77,587,953 242 36,437,790 $ 350,984 $ 36,575,989 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. 246 Net Assets by Component Changes in Net Assets Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Revenue Capacity 252 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 257 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 260 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 262 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 245 Maricopa County Net Assets by Component Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year NET ASSETS Governmental activities Invested in capital assets, net of related debt 2001-02 2002-03 2003-04 2004-05 2005-06 $ 1,259,210,540 $ 1,529,060,770 $ 1,811,332,732 $ 2,345,910,917 Total governmental activities net assets 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 Business-type activities Invested in capital assets, net of related debt $ 81,077,781 $ 75,738,774 $ 72,392,695 $ 1,388,358 $ Total business-type activities net assets $ 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) $ Primary government Invested in capital assets, net of related debt $ 1,340,288,321 $ 1,604,799,544 $ 1,883,725,427 $ 2,347,299,275 375,721,923 214,823,899 $ 1,930,834,143 278,281,992 447,652,339 $ 2,330,733,875 220,783,631 417,264,621 $ 2,521,773,679 260,502,317 430,476,942 $ 3,038,278,534 Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Total primary government net assets $ 2,443,905,934 345,147,265 561,333,573 $ 3,350,386,772 1,253,947 7,556 (4,568,970) (3,307,467) $ 2,445,159,881 345,154,821 556,764,603 $ 3,347,079,305 Fiscal Year NET ASSETS Governmental activities Invested in capital assets, net of related debt 2006-07 2007-08 2008-09 2009-10 2010-11 $ 2,488,280,795 437,856,827 $ 2,542,165,396 526,220,283 $ 2,704,196,813 565,223,808 $ 2,851,126,451 601,165,852 Total governmental activities net assets 686,000,889 $ 3,612,138,511 772,807,989 $ 3,841,193,668 776,422,693 $ 4,045,843,314 848,551,674 $ 4,300,843,977 627,527,187 757,580,843 $ 4,490,526,004 Business-type activities Invested in capital assets, net of related debt $ 1,860,630 Total business-type activities net assets $ 7,691 (3,486,686) (1,618,365) Primary government Invested in capital assets, net of related debt $ 2,490,141,425 $ 2,542,165,396 $ 2,704,196,813 $ 2,851,126,451 $ 3,105,417,974 437,864,518 682,514,203 $ 3,610,520,146 526,220,283 772,807,989 $ 3,841,193,668 565,223,808 776,422,693 $ 4,045,843,314 601,165,852 848,551,674 $ 4,300,843,977 627,527,187 757,580,843 $ 4,490,526,004 Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Total primary government net assets 246 $ 3,105,417,974 Maricopa County Changes in Net Assets Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year 2006-07 2007-08 2008-09 2009-10 2010-11 $ 174,659,283 $ 235,215,523 $ 248,394,846 984,626,109 90,253,798 403,757,839 42,912,993 888,875,706 83,230,341 331,333,847 37,933,317 893,760,377 123,611,300 387,892,315 43,325,625 14,687,029 10,347,354 8,298,531 8,707,887 8,234,785 6,123,987 9,219,564 7,640,462 1,739,841,834 1,713,216,440 1,590,947,506 1,713,844,489 $ 1,631,647,041 $ 1,732,692,103 $ 1,739,841,834 $ 1,713,216,440 $ 1,590,947,506 $ 1,713,844,489 $ $ $ $ $ 2001-02 2002-03 2003-04 2004-05 2005-06 $ 133,357,097 $ 181,265,791 $ 185,518,463 $ 176,430,887 $ 185,628,267 490,943,644 52,464,778 304,220,867 25,453,164 506,600,904 51,016,886 335,607,743 27,488,028 581,443,588 44,392,614 332,380,442 27,963,450 685,762,001 63,014,453 439,784,002 33,068,497 782,136,857 70,418,156 433,776,254 32,596,971 864,907,381 132,992,498 464,255,008 36,196,645 965,934,762 143,367,655 383,885,390 38,751,304 16,675,171 11,557,524 17,386,261 11,446,165 19,170,903 8,249,310 18,397,229 7,827,876 20,220,846 7,763,995 15,687,335 6,254,330 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 93,168,287 241,654,207 366,425,283 109,142,148 232,991,015 371,991,804 167,346,474 273,164,762 168,986,980 132,314,013 252,178,102 40,048,082 56,657,239 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 29,911,332 583,390,427 99,105,695 $ 1,777,458,021 $ 1,915,990,977 $ 2,095,696,224 $ 2,007,675,372 $ $ $ $ Expenses Governmental activities: General government (1) Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Interest on long-term debt Total governmental activities expenses 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 $ 211,473,080 $ 182,868,340 2,400,374 334,354 591,472 925,826 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 24,457,239 81,687,973 26,357,344 71,880,262 26,589,393 78,288,469 37,213,997 84,213,640 45,332,986 102,807,289 34,852,251 $ 30,942,935 95,402,079 160,282,028 28,672,080 161,019,287 26,983,394 154,380,972 27,698,094 152,507,151 1,451,293 22,917,356 1,563,228 24,243,241 1,769,524 26,745,928 6,550,179 28,100,481 12,380,453 33,726,958 12,756,421 36,933,502 19,009,650 48,326,397 29,894,868 54,265,926 26,534,563 46,903,563 28,130,243 54,135,715 8,358,894 3,057,546 281,170,304 2,712,908 8,461,408 2,714,129 304,923,484 44,322,271 8,546,372 4,146,571 294,296,698 18,917,753 8,954,896 2,383,943 382,416,458 39,017,299 9,378,993 82,561 393,375,512 42,537,895 4,213,017 818,977 443,607,678 47,256,549 14,216,206 687,074 263,428,112 68,386,096 13,111,055 837,422 229,027,912 124,182,030 13,230,460 918,352 255,625,422 95,268,969 11,928,461 215,723 286,447,310 58,859,929 425,813,513 484,465,367 459,300,708 588,850,893 639,622,647 675,840,474 605,278,498 641,010,580 619,845,695 619,922,626 291,946,393 100,104,747 252,343,614 334,310,122 115,846,532 240,083,167 380,554,715 138,274,739 234,370,191 158,640,394 117,680,705 220,784,342 29,801,116 53,842,048 908,814 969,493 64,169,238 70,518,591 59,656,677 360,864 667,376 44,860 106,470 230,389 21,213,776 247 Maricopa County Changes in Net Assets (Continued) 2001-02 Operating grants and contributions Capital grants and contributions 2002-03 6,272,958 6,959,432 714,881,810 $ 1,140,695,323 Governmental activities $ (608,858,732) (27,903,966) Business-type activities Total primary government net expense $ (636,762,698) General Revenues and other Changes in Net Assets 2003-04 Fiscal Year 2005-06 2006-07 2004-05 2007-08 2008-09 2009-10 2010-11 767,824,314 $ 1,252,289,681 6,681,898 9,833 819,778,442 $ 1,279,079,150 2,501,372 19,944 520,840,533 $ 1,109,691,426 84,004,028 $ 723,626,675 $ (646,346,411) (17,354,885) $ (739,818,062) (76,799,012) $ (835,434,052) (62,549,894) $ (892,918,699) $(1,055,925,803) $(1,134,563,336) (15,101,667) 1,619,857 $(1,072,205,860) $ (971,101,811) $ (1,093,921,863) $ (663,701,296) $ (816,617,074) $ (897,983,946) $ (908,020,366) $ (1,054,305,946) $(1,134,563,336) $(1,072,205,860) $ (971,101,811) $(1,093,921,863) $ 269,753,187 $ 295,627,499 $ 328,580,647 $ 357,712,304 $ 388,190,146 $ 413,294,370 $ 449,499,249 $ 482,697,371 $ 519,651,976 44,775,297 44,302,535 50,702,924 56,093,885 61,763,471 65,513,238 69,462,089 73,506,944 72,753,878 66,723,260 9,690,800 10,369,080 14,414,827 15,796,618 17,366,792 18,390,885 19,473,450 20,504,964 20,482,122 20,385,799 Property taxes, levied for debt service 20,250,715 Property taxes, levied for Street Light District Share of state sales taxes 325,728,202 Sales tax – Jail construction & operation 98,177,716 Surcharge tax – Stadium District 5,407,664 19,708,786 19,267,865 330,260,143 98,932,138 5,240,032 358,056,954 107,441,209 5,556,717 397,712,843 119,143,064 6,024,355 457,785,985 137,876,660 6,498,814 480,411,950 145,389,597 6,288,093 460,958,772 138,063,948 6,132,465 394,920,581 116,878,703 5,304,565 366,285,237 107,094,680 4,668,705 385,487,679 112,451,803 4,989,933 Share of state vehicle license tax 106,115,829 110,603,659 116,054,332 122,637,827 138,003,052 143,543,618 139,312,595 126,036,362 116,405,328 113,649,012 8,700,138 29,404,833 1,725,495 16,507,950 1,775,295 8,626,732 1,813,162 20,995,575 1,858,155 29,479,569 1,844,364 55,405,747 1,814,394 72,729,140 4,097,990 36,013,917 2,652,085 21,884,398 2,728,933 14,815,018 11,474,763 12,247,649 11,756,381 15,198,561 1,368,920,865 1,272,209,046 1,243,634,790 1,260,819,083 $ 1,243,634,790 $ 1,260,819,083 Total business-type program revenues Total primary gov’t program revenues Net (Expense)/Revenue Governmental activities: Taxes Property taxes, levied for gen purposes Property taxes, levied for Flood Control District Property taxes, levied for Library District 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 bus. act. Transfers Total business-type activities Total primary government 2,545,683 $ 678,386,157 $ 605,278,498 $ 641,010,580 $ 619,845,695 $ 619,922,626 518,956,222 5,432,863 13,346,055 21,601,858 10,627,773 (25,752,045) 902,880,109 3,061,600 (16,531,668) 933,153,304 3,915,244 (58,278,148) 977,716,456 4,262,227 (37,047,610) 1,065,144,250 13,558,451 (43,435,540) 1,208,945,555 10,346,066 6,098,668 1,346,526,596 6,359,401 (103,280) 1,972,145 2,594,524 796,848 1,002,779 447,790 6,883 12,914 684,104 169,932 25,752,045 16,531,668 58,278,148 (108,765,405) 37,047,610 43,435,540 (6,098,668) 33,980,311 19,126,192 59,074,996 (70,715,016) 43,903,127 (5,244,632) $ 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 $ 294,021,377 6,076,345 $ 300,097,722 $ 286,806,893 1,771,307 $ 288,578,200 $ 237,898,394 (17,724,016) $ 220,174,378 $ 229,710,198 (133,264,910) $ 96,445,288 $ 316,026,856 28,801,460 $ 344,828,316 $ 290,600,793 (3,624,775) $ 286,976,018 $ 234,357,529 $ 200,003,186 $ 272,532,979 $ 166,897,220 $ 234,357,529 $ 200,003,186 $ 272,532,979 $ 166,897,220 $1,272,209,046 Change in Net Assets Government activities Business-type activities Total primary government (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 248 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2001-02 2002-03 2003-04 2004-05 2005-06 General Fund Reserved Unreserved Total general fund $ 5,083,202 249,039,062 $ 254,122,264 $ 3,834,312 288,822,823 $ 292,657,135 $ 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 $ 22,460,845 All Other Governmental Funds Reserved 23,515,381 24,618,711 22,498,657 Unreserved, reported in: Special revenue funds 153,208,886 156,611,561 187,646,410 192,187,526 259,363,049 Capital projects funds 145,345,468 97,344,273 $ 419,414,008 120,430,525 81,674,429 $ 383,335,226 108,561,138 74,332,552 $ 393,038,757 129,612,546 36,643,487 382,046,273 115,785,803 18,808,809 416,418,506 Debt service funds Total all other governmental funds 2006-07 2007-08 $ Fiscal Year 2008-09 $ 2009-10 General Fund Reserved $ $ $ 26,503,298 444,964,280 471,467,578 $ 23,388,690 Unreserved Total general fund $ 20,929,952 410,035,269 $ 430,965,221 $ $ 21,465,733 512,125,107 533,590,840 20,513,964 489,009,836 $ 509,523,800 $ 24,144,860 $ $ All Other Governmental Funds Reserved 22,105,351 19,468,729 Unreserved, reported in: Special revenue funds 306,244,082 339,553,123 366,227,240 408,964,191 Capital projects funds 447,826,380 18,495,336 795,954,488 490,257,680 15,265,958 869,221,621 598,462,118 7,007,229 993,801,938 578,091,264 1,696,337 $1,008,220,521 Debt service funds Total all other governmental funds $ $ $ Fiscal Year 2010-11 General Fund* Nonspendable 20,372,794 Restricted Committed 162,000,000 Assigned 225,405,703 21,623,906 429,402,403 Unassigned Total general fund $ All Other Governmental Funds* Nonspendable $ 2,774,433 Restricted 625,559,970 Committed Assigned 446,474,182 Unassigned Total all other governmental funds (9,454,552) $1,065,354,033 *Fund Balance Classifications for fiscal year 2011 are changed due to the initial year of GASB Statement No.54 presentation 249 Maricopa County Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2001-02 2002-03 2003-04 2004-05 Revenues Taxes $ Licenses and permits 343,037,203 $ 474,876,462 $ 524,751,335 $ 556,751,810 26,106,311 28,192,974 31,629,382 34,765,632 831,668,101 745,697,718 778,964,259 904,156,166 Charges for services 68,770,386 66,499,607 71,682,924 74,735,757 Fines and forfeits 15,776,099 16,326,795 17,166,377 21,855,377 69,879,317 3,625,508 59,899,212 3,584,883 48,974,704 3,536,133 56,838,888 1,355,237,417 1,395,118,276 1,476,753,864 1,652,639,763 Intergovernmental Special assessment Miscellaneous & Interest income Total revenues Expenditures General government 99,265,465 114,241,982 118,226,772 130,064,711 481,843,123 493,435,114 563,716,985 636,868,683 55,240,772 44,226,114 41,549,321 48,811,843 311,510,932 331,752,530 331,028,006 437,845,805 Culture and recreation 17,651,564 19,388,797 19,587,482 22,146,913 Education 16,560,263 17,268,012 18,815,487 18,014,621 Principal 39,618,137 34,071,393 35,159,141 15,677,059 Interest 10,271,627 10,423,785 8,828,297 8,592,525 1,179,102 294,010,771 315,588,133 266,757 248,465,695 11,870 205,929,785 1,327,151,756 1,380,395,860 1,385,643,943 1,523,963,815 28,085,661 14,722,416 91,109,921 128,675,948 Public safety Highway and streets Health, welfare and sanitation Debt service Other Capital outlay Total expenditures Excess of revenues over (under) expenditures Other financing sources (uses) Transfers in 243,650,675 386,029,678 295,868,643 346,549,747 Transfers out (269,402,720) (402,561,346) (358,012,976) (395,058,179) Capital lease agreements 9,843,870 Proceeds from bond issuance Premium on refunding bonds 3,541,257 Payment to escrow agent (77,980,850) Loan Proceeds Total other financing sources (uses) (11,897,098) Net change in fund balances 4,321,656 78,450,670 $ 16,188,563 6,333,484 8,384,655 15,598,262 12,000,000 457,156 (12,353,671) (12,210,012) $ 2,512,404 (52,109,102) $ 39,000,819 (28,123,777) $ 100,552,171 Debt service as a percentage of non capital expenditures 4.9% 4.2% 250 3.9% 1.8% Fiscal Year 2005-06 $ 601,231,444 2006-07 $ 640,375,614 2007-08 $ 2008-09 672,237,546 $ 686,964,346 2009-10 $ 716,804,640 2010-11 $ 715,851,831 42,266,662 40,078,842 40,434,059 41,439,097 38,496,710 41,372,329 1,025,737,248 1,105,841,984 904,588,701 783,903,253 772,997,433 802,853,910 86,925,888 87,668,832 153,431,323 169,543,750 177,455,822 185,637,288 23,366,008 31,641,869 32,061,172 37,360,387 35,152,334 34,094,367 3,770,790 69,589,514 3,929,786 105,465,489 5,284,808 110,992,618 4,841,432 95,349,598 4,377,292 35,348,263 5,432,863 29,306,635 1,852,887,554 2,015,002,416 1,919,030,227 1,819,401,863 1,780,632,494 1,814,549,223 131,031,069 173,121,467 173,285,719 176,738,216 208,844,970 193,235,111 733,244,452 813,297,449 882,964,097 895,818,537 825,412,465 829,965,019 47,763,048 56,087,569 54,885,932 54,407,137 52,572,927 53,297,470 430,614,292 461,668,854 378,763,080 396,702,161 326,936,948 384,436,682 24,625,293 28,283,735 30,186,081 33,870,918 28,121,160 30,005,985 18,885,218 15,218,331 14,677,474 8,523,122 7,684,473 8,927,278 18,780,267 16,297,518 15,607,476 18,833,968 15,914,149 15,728,150 8,497,208 6,030,238 11,441,406 10,026,110 9,246,731 8,558,856 17,508 232,922,515 1,460,467 301,383,004 5,250 278,993,140 3,188 220,481,647 91,580 212,063,026 1,249 320,011,115 1,646,380,870 1,872,848,632 1,840,809,655 1,815,405,004 1,686,888,429 1,844,166,915 206,506,684 142,153,784 78,220,572 3,996,859 93,744,065 (29,617,692) 314,004,599 791,514,765 389,617,546 446,171,799 383,496,208 677,002,927 (357,440,139) (785,416,097) (386,617,546) (446,171,799) (383,459,515) (675,672,626) 9,395,689 25,720,244 29,953,944 20,121,941 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 36,693 1,330,301 1,596,088 $ 164,861,833 1.9% $ 283,311,791 1.5% $ 121,281,373 1.7% 20,121,941 $ 24,118,800 1.8% 251 $ 93,780,756 1.7% $ (28,287,391) 1.5% Maricopa County Tax Revenues by Source, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year General State Vehicle Highway Baseball Property Taxes Sales Tax License Tax User Fuel Tax Stadium Tax 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 2008-09 564,781,078 394,920,582 134,831,210 90,419,237 875 2009-10 605,041,255 386,285,237 124,579,510 84,950,511 131 2010-11 598,410,095 385,487,679 121,637,533 85,975,735 1,667 74.4% 18.3% 14.6% 9.8% Change 2002-11 Rental Fiscal Year Car Surcharge (98.7%) Street Jail Tax Lighting Assessments Total Revenues 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 1,365,573,185 2007-08 6,131,305 138,063,948 5,284,808 1,390,095,590 2008-09 5,303,690 116,878,703 4,841,432 1,311,976,805 2009-10 4,668,574 107,094,680 4,377,292 1,296,997,190 2010-11 4,988,266 112,451,803 5,432,863 1,314,385,641 (7.8%) 14.5% 55.0% Change 2002-11 36.9% The Vehicle License Tax for fiscal year 2001 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. 252 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 Unsecured Total Tax Rate Estimated Market Value Percentage of Total Estimated Market Value 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 2008-09 56,831,715 1,471,920 58,303,635 1.2047 516,677,465 11.3 2009-10 56,523,957 1,460,095 57,984,052 1.1629 516,184,657 11.2 2010-11 48,247,443 1,415,100 49,662,543 1.2409 444,097,352 11.2 Secured and Unsecured assessed property values and estimated market values are determined each calendar year. The tax rates are applicable beginning July 1st 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. 253 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 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 2008-09 1.0327 0.0000 0.1367 0.0353 1.2047 2009-10 0.9909 0.0000 0.1367 0.0353 1.1629 2010-11 1.0508 0.0000 0.1489 0.0412 1.2409 Overlapping Rates Central Arizona State Fiscal Year of Arizona Water Other Community Education Equalization Conservation District Special Districts College District School Districts Cities 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 2008-09 0.0000 0.0000 0.1000 0 - 3.3000 0.9386 0.6874 - 12.7204 0 - 2.2993 2009-10 0.0000 0.3306 0.1000 0 - 3.3000 0.8844 0.7773 - 10.8439 0 - 2.5074 2010-11 0.0000 0.3564 0.1000 0 - 3.3000 0.9728 0.7098 - 10.7955 0 - 2.4390 Source: Maricopa County Department of Finance – Property Tax Division. All tax rates are per $100 assessed valuation. (1) Data updated in fiscal year 2007. 254 Maricopa County Principal Property Tax Payers Current Year and Nine Years Ago 2010-11 2001-02 Percentage of Percentage of Total County Taxpayer Arizona Public Service Company Secondary Valuation Rank Total County Assessed Value Secondary Valuation Assessed Value 692,140,346 1 3.02% $ 1,087,402,081 1 2.19% Salt River Project Qwest Corporation 653,895,628 2 1.32% 230,780,585 3 0.46% 365,985,185 2 1.60% Southwest Gas Corporation 167,366,070 4 0.34% 121,237,144 6 0.53% Southern California Edison Co 154,343,927 5 0.31% 169,400,620 3 0.74% El Paso Electric Co 135,952,234 6 0.27% 142,067,483 5 0.62% Intel Corporation 121,184,466 7 0.24% 108,498,798 7 0.47% Gila River Power, LP 116,665,501 8 0.23% Mesquite Power LLC 105,238,560 9 0.21% Wal-Mart Stores Inc 92,460,164 10 0.19% 41,375,709 15 0.18% Public Service Company of New Mexico 86,220,216 11 0.17% 80,746,508 8 0.35% Target Corporation 80,940,958 12 0.16% 41,312,611 16 0.18% Federal National Mortgage Association 74,688,609 13 0.15% New Harquahala Generating Co., LLC 72,006,394 14 0.14% Host Kierland, LLC Scottsdale Fashion Square Partnership 63,927,591 15 0.13% 61,195,003 16 0.12% 49,837,135 12 0.22% Safeway Inc 55,088,390 17 0.11% 42,791,179 14 0.19% Southern Cal Public Pwr Auth (Palo Verde) 54,750,079 18 0.11% 65,570,107 11 0.29% Smiths Food & Drug Centers Inc 52,084,549 19 0.10% Verizon Wireless 51,270,946 20 0.10% A T & T/Wireless Service $ Rank 77,432,255 9 0.34% 142,149,454 4 0.62% Cox Communication 65,991,170 10 0.29% MCI Telecommunications Corp. 44,653,734 13 0.19% Sheraton Corp 37,484,477 17 0.16% Albertson’s 36,233,223 18 0.16% Wells Fargo & Company 35,717,589 19 0.16% Arizona MSA 34,472,010 20 0.16% Motorola Computer Group, SPS, GEG Total Principal Taxpayers $ 3,517,461,951 Countywide Secondary Valuation $ 49,662,543,618 7.08% $ 2,395,096,737 $ 22,913,134,480 Source: Maricopa County Treasurer’s Office. 255 10.45% Maricopa County Property Tax Levies and Collections Last Ten Fiscal Years Collected within the Fiscal Year of the Levy Fiscal Total Collections to Date County Tax Year Levied Ended June 30, For the Fiscal Year Collections 2001-02 327,717,255 315,788,529 96.36 5,838,020 321,626,549 98.14 2002-03 352,679,730 341,135,608 96.73 6,165,626 347,301,234 98.47 2003-04 392,827,196 383,224,353 97.56 5,821,337 389,045,690 99.04 2004-05 411,881,140 402,111,242 97.63 4,930,327 407,041,569 98.83 2005-06 451,253,280 438,441,057 97.16 6,918,709 445,359,766 98.69 2006-07 484,223,277 469,107,028 96.88 10,136,935 479,243,963 98.97 2007-08 519,814,623 503,200,873 96.80 13,734,306 516,935,179 99.45 2008-09 558,747,827 535,412,874 95.82 17,900,609 553,313,483 99.03 2009-10 587,695,910 562,196,230 95.66 18,237,834 580,434,064 98.76 2010-11 580,723,610 556,833,931 95.89 556,833,931 95.89 Percentage of Levy Amount In Subsequent Years Amount Percentage of Levy 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, County Operating Flood Control District Debt Service County Library Total County 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 2008-09 463,492,311 0 74,674,333 20,581,183 558,747,827 2009-10 492,230,736 0 74,996,804 20,468,370 587,695,910 2010-11 492,224,342 0 68,019,592 20,479,676 580,723,610 Source: Maricopa County Department of Finance – Property Tax Division. 256 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) Per Capita (b) 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 58,370,000 39,515,000 20,165,000 0 0 0 0 0 0 0 0.25 0.16 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.71 11.66 5.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Fiscal Lease Lease Stadium Year Ended June 30, Revenue Bonds 104,355,000 91,558,756 93,569,383 101,101,501 81,188,067 181,245,043 173,670,000 163,900,000 153,285,000 142,140,000 Trust Certificates District Rev. Bonds 58,225,000 57,225,000 55,225,000 52,735,000 50,050,000 47,230,000 44,270,000 41,165,000 37,905,000 34,515,000 Other Governmental Activities Debt 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 10,812,000 9,212,000 6,812,000 4,612,000 Certificates Special Assessment 458,977 368,573 343,102 235,458 154,267 103,077 82,519 193,591 174,442 120,533 Installment of Participation 9,804,315 5,808,084 Capital Leases 19,442,376 19,414,905 10,820,105 13,507,633 16,312,891 33,039,132 50,093,644 51,135,340 14,956,315 432,651 5,500,000 5,115,000 4,715,000 4,295,000 3,850,000 3,385,000 2,895,000 Business -type Activities Fiscal Lease Certificates Installment Total Year Ended June 30, Revenue Bonds of Participation Purchase Agreements (d) Primary Government (c) $ 2,607,815 2,350,524 1,252,049 $ 285,532,002 245,167,454 203,910,257 184,827,345 162,615,360 273,379,974 277,023,162 260,243,931 209,705,757 180,103,184 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 $ 20,500,000 17,986,244 16,670,618 43,499 36,933 29,957 $ 11,768,519 10,940,368 5,865,000 Percentage of Assessed Property Value (a) 1.25% 1.00 0.74 0.61 0.49 0.75 0.56 0.45 0.36 0.36 Per Capita (b) $ 86.61 72.34 58.29 50.80 42.88 69.96 69.47 63.23 52.13 47.18 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 fiscal year 2002, Installment Purchase Agreements include Capital Leases. 257 Purchase Agreements 892,254 546,202 205,765 Maricopa County Legal Debt Margin Information Last Ten Fiscal Years Fiscal Year 2001-02 2002-03 2003-04 $ 3,436,970,172 57,596,083 $ 3,668,557,092 38,792,654 $ 4,121,698,129 20,165,000 $ 4,510,048,001 $ 4,979,582,760 Total net general obligation debt Legal debt margin $ 3,379,374,089 $ 3,629,764,438 $ 4,101,533,129 $ 4,510,048,001 $ 4,979,582,760 Debt limit 2004-05 2005-06 Total net debt applicable to the limit as a percentage of debt limit 1.86% 1.68% 1.06% 0% 0% Fiscal Year Debt limit 2006-07 2007-08 2008-09 2009-10 2010-11 $ 5,444,204,040 $ 7,430,186,074 $8,745,545,293 $ 8,697,607,759 $ 7,449,381,543 $ 5,444,204,040 $ 7,430,186,074 $8,745,545,293 $ 8,697,607,759 $ 7,449,381,543 Total net general obligation debt Legal debt margin Total net debt applicable to the limit as a percentage of debt limit 0% 0% 0% 0% 0% Legal Debt Margin Calculation for Fiscal Year 2010-11 Assessed Value $ 49,662,543,618 Debt limit (15% of assessed value) 7,449,381,543 Debt applicable to limit: General obligation bonds Total net debt applicable to limit Legal debt margin $ 7,449,381,543 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. 258 Maricopa County Pledged Revenue Coverage Last Ten Fiscal Years Stadium District Revenue Bonds Net Revenue Available Fiscal Year Gross Revenue For Debt Service (1) Debt Service Requirements Principal Interest Total Gross Coverage Net Coverage 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% 2008-09 5,714,998 9,993,478 3,105,000 2,317,532 5,422,532 105% 184% 2009-10 5,005,605 9,468,739 4,260,000 2,160,344 6,420,344 78% 147% 2010-11 5,322,380 9,255,676 4,569,241 2,029,943 6,599,184 81% 140% Special Assessment Bonds Net Revenue Available Fiscal Year Gross Revenue For Debt Service (1) Debt Services Requirements Principal Interest Total Gross Coverage Net Coverage 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% 2008-09 108,555 204,154 36,968 14,395 51,363 211% 397% 2009-10 53,667 134,815 19,149 13,527 32,676 164% 413% 2010-11 28,253 98,077 53,909 11,082 64,991 43% 151% 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. 259 Maricopa County Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Year 2001-02 2002-03 2003-04 2004-05 2005-06 Unemployment Rate (June 30,) County 5.00% 5.30% 4.40% 4.10% 3.60% State 6.00% 5.70% 5.00% 4.70% 4.20% United States 5.80% 6.30% 4.60% 5.00% 4.60% $134,339,487,000 Population/Income Statistics Income $ 96,998,974,000 $ 101,378,940,000 $ 110,278,789,000 $ 120,716,738,000 3,296,739 3,389,229 3,498,347 3,638,481 Population Per Capita $ 29,423 $ 29,912 $ 31,523 $ 33,178 3,792,675 $ 35,420 Fiscal Year 2006-07 2007-08 2008-09 2009-10 2010-11 County 2.90% 4.30% 8.00% 8.60% 8.60% State 3.40% 4.80% 8.70% 9.60% 9.60% United States 4.50% 5.50% 9.50% 9.50% 9.50% $139,665,253,000 $ 145,880,680,000 $ 146,898,132,000 $ 142,091,681,000 3,907,492 3,987,942 4,115,811 4,023,132 Unemployment Rate (June 30,) Population/Income Statistics Income Population Per Capita $ 36,135 $ 37,666 $ 37,112 $ 35,319 (1) 4,023,132 (1) 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 year 2011. 260 Maricopa County Principal Employers Current Year and Nine Years Ago 2011 2002 Percentage of Employer Employees Rank Total County Employment Percentage of Employees Rank Total County Employment State of Arizona 49,282 1 3.02% 49,973 1 3.22% Wal-Mart Stores, Inc. 30,608 2 1.88% 17,500 2 1.13% Banner Health Systems 28,220 3 1.73% 14,000 6 0.90% City of Phoenix 15,544 4 0.95% 13,298 8 0.86% Wells Fargo & Company 13,100 5 0.80% Apollo Group Inc 13,000 6 0.80% 15,523 4 1.00% Maricopa County 12,458 7 0.76% Arizona State University 12,221 8 0.75% Bank of America 12,000 9 0.74% Raytheon Co. 12,000 10 0.74% Honeywell Aerospace 16,000 3 1.03% Motorola 15,100 5 0.97% The Kroger Co. 13,500 7 0.87% American Express 11,000 9 0.71% America West Holdings 10,270 10 0.66% Total for Principal Employers Total Employment in Maricopa County 198,433 12.17% 1,630,600 176,164 11.35% 1,552,500 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. 261 Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Nine Fiscal Years Fiscal Year Function/Program 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 General Government Board of Supervisors 25 25 24 24 22 24 27 25 25 Call Center 33 34 33 33 33 33 33 33 27 27 County Assessor 322 322 321 321 331 358 365 361 322 323 County Manager 18 11 12 13 21 26 20 13 27 30 Elections 54 54 54 54 54 58 58 58 54 54 235 248 245 301 263 264 271 232 182 184 Finance 43 44 48 42 44 56 56 49 40 41 Human Resources 67 66 51 51 55 53 17 52 47 44 Information Technology 67 66 61 63 109 109 117 142 119 111 Internal Audit 16 16 15 15 15 20 20 20 17 17 Management and Budget 22 22 20 21 32 35 27 33 32 31 Materials Management 39 40 36 35 35 37 37 37 34 34 136 141 132 140 83 177 92 82 82 Recorder 71 71 70 70 80 84 84 85 63 63 Employee Health Initiatives 15 16 25 26 23 24 30 28 24 20 Treasurer 64 64 64 59 59 63 64 47 41 49 1,175 1,092 1,072 1,153 1,193 1,237 1,249 1,246 1,050 1065 666 689 684 710 743 772 776 768 679 680 30 30 30 30 30 31 31 32 30 35 829 917 915 990 992 1,037 1,033 1,023 977 887 1,845 1,846 1,849 1,965 2,053 2,190 2,269 2,259 2,167 2,176 15 15 14 15 15 15 15 14 14 13 Flood Control 223 226 224 227 208 209 196 189 185 190 Juvenile Probation 828 869 833 1,012 966 951 957 902 758 752 Medical Examiner 64 63 65 66 70 73 91 91 76 77 115 125 125 159 190 214 205 177 102 104 Facilities Management Other General Government 81 26 Public Safety Adult Probation Clerk of Superior Court Constables County Attorney Court System Emergency Management Planning & Development Public Fiduciary 35 35 34 34 36 36 36 35 33 33 2,465 2,488 2,494 3,214 3,558 3,835 3,850 3,810 3,695 3,607 264 265 262 381 348 368 471 456 404 453 504 478 479 479 477 484 515 513 522 510 Air Quality N/A N/A N/A N/A 131 165 257 205 180 Animal Control 133 140 141 144 149 158 156 167 168 168 Environmental Services 283 274 282 303 197 205 307 271 265 276 Human Services Other Health, Welfare and Sanitation 368 369 368 461 463 471 461 435 342 397 115 108 40 40 41 50 7 7 9 9 Public Health 523 535 542 557 575 587 556 533 508 577 Solid Waste 12 14 13 12 13 18 23 29 31 31 136 136 136 147 150 150 161 161 168 172 98 104 104 86 88 90 92 90 85 85 4 4 4 5 5 5 5 5 3 5 30 30 33 32 33 33 40 37 35 47 12,001 12,107 11,976 13,509 13,999 14,726 15,091 14,835 13,647 13,665 Sheriff Correctional Health Highways and Streets Transportation Health, Welfare and Sanitation 164 Culture and Recreation Library District Parks and Recreation Stadium District Education Superintendent of Schools Source: County Management and Budget Department 262 Maricopa County Operating Indicators by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 General Government County Assessor Number of parcels assessed 1,214,539 1,259,703 1,305,716 1,361,695 1,339,473 1,494,585 1,533,026 1,543,998 1,543,998 1.,546,229 Elections Registered voters 1,296,457 1,290,457 1,552,421 1,573,606 1,475,218 1,529,223 1,588,186 1,834,377 1,820,851 1,919,175 Number voting (1) 723,867 723,867 1,211,963 1,211,963 899,484 899,484 1,380,571 1,380,571 1,380,571 1,004,125 Public Safety Adult Probation Probationers (including absconders) 32,671 30,216 32,001 28,631 30,631 31,405 30,617 30,666 31,160 31,093 Community service hours 864,242 853,041 769,314 891,897 813,931(2) 680,989 517,816 586,723 407,628 327,894 Collections $36,502,058 $23,772,376 $25,349,639 $28,417,533 $32,078,615 $31,078,450 $29,590,772 $28,690,912 $26,396,659 $28,899,021 County Attorney N/A (3) N/A (3) N/A (3) N/A (3) Adult felony filings 30,322 30,459 34,052 34,480 39,654 38,694 N/A (3) N/A (3) N/A (3) N/A (3) Juvenile filings 9,578 8,651 9,537 9,557 13,752 14,401 Flood Control District Linear miles of watercourses N/A (3) N/A (3) delineated 441 1302 260 282 342 204 60 22 Presentation, consultation N/A (3) requests completed 220 495 26 39 30 965 160 121 153 Square miles of watershed N/A (3) studies completed 10 782 1,238 1,994 503 631 411 619 324 Drainage complaint N/A (3) investigations conducted <30 days 269 140 N/A (3) 149 140 141 319 155 73 Justice Courts Annual new filings 351,278 355,170 348,040 375,944 379,498(2) 412,558 435,744 725,654(6) 827,383 835,882 N/A (3) Total non-jury trials commenced 22,777 41,238 34,615 17,630 4,079 5,467 3,626 2,511 2,713 N/A (3) Total jury trials commenced 71 70 49 218(2) 495 754 120 110 108 Juvenile Probation Population under 18 yrs old 861,454 878,683 896,257 914,182 932,466 951,049 1,110,894 1,133,112 1,155,774 1,007,861 Juveniles brought to detention 10,287 10,119 9,916 9,782 10,029 10,491 10,444 10,327 9,707 8,639 Average detention length (days) 15 15 17 19 19 17 14 13 13 14 Superior Court Annual Case Filings 136,069(5) 145,299(5) 155,460(5) 154,996(5) 157,956(5) 162,856 177,892 190,330 192,303 222,137 Public Health Certified copies of birth or death certificates 225,224 217,686 257,249 286,124 311,980 324,777 354,316 374,678 365,671 292,162 Number of immunizations 185,320 211,455 232,431 222,100 308,493 235,573 279,778 275,724 229,251 157,894 Cases of communicable diseases investigated 2,645 3,794 3,914 3,121 2,867 3,031 8,795 9,671 11,728 10,853 Culture and Recreation Library District Number of items circulated N/A (4) N/A (4) 3,768,536 3,716,554 4,271,158 4,531,500 5,911,180 7,179,520 7,481,836 7,507,016 Number of library cards issued N/A (4) N/A (4) 290,492 58,118 57,732 52,652 64,648 62,973 57,757 48,410 Number of print, media and electronic items N/A (4) N/A (4) 578,879 887,682 986,390 736,061 826,458 828,188 790,723 719,534 Education Superintendent of Schools School districts in Maricopa County 57 58 58 57 58 58 58 58 58 58 Home Schooled students 7,700 8,832 10,255 11,592 8,249 9,517 9,790 9,737 10,017 9,874 Private School students 15,000 19,200 21,724 25,793 27,585 27,606 29,283 19,213 20,215 18,098 (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) Data updated in fiscal year 2007. (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) Significant increase due to photo enforcement. Note: Indicators for Highways and Streets is not available. Source: Managing for Results – Strategic Plans and Performance. 263 Maricopa County Capital Asset Statistics by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 N/A N/A N/A 353 353 26 26 27 34 25 N/A N/A N/A 177 177 177 175 167 160 178 General Government Facilities Management Number of buildings owned by Facilities(1) Number of buildings maintained by Facilities Public Safety Flood Control District 118 118 118 297 310 318 324 333 338 339 Justice Courts Operating alert stations 23 23 23 23 23 23 23 25 25 25 Juvenile Courts 2 2 2 2 2 2 2 2 2 2 8,287 8,873 9,570 10,062 10,062 9,562 9,562 11,509 11,509 11,509 4 4 6 6 6 6 6 6 6 6 Miles of Road 5,823 5,586 5,569 5,555 5,557 5,205 5,420 5,232 5,284 5,267 Miles of road with paved surfaces 4,421 4,421 4,452 4,503 4,514 4,255 4,491 4,334 4,397 4,448 25 27 28 28 27 27 23 22 22 21 258 265 283 299 290 293 286 276 278 278 3 3 3 3 3 3 2 2 2 2 Number of public health facilities 2 2 2 2 2 2 2 2 2 2 Number of WIC facilities 2 2 2 2 2 2 2 2 2 2 6 6 6 6 6 6 6 6 6 6 Sheriff Inmate beds available (incl. portable) Number of jail facilities Highways and Streets Transportation Number of major bridges Number of total bridges Health, Welfare and Sanitation Animal Care and Control Number of animal shelters Public Health Solid Waste Management Number of transfer stations Culture and Recreation Library District Number of facilities owned 2 2 2 2 3 2 2 2 2 3 10 11 10 10 10 13 13 15 14 14 2 2 2 2 1 1 1 0 0 0 Regional county parks 9 9 9 9 9 9 9 9 9 9 County managed golf courses 3 3 3 3 3 3 3 3 3 Facilities operated Bookmobiles Parks and Recreation Total acres managed Conservation areas 119,301 119,307 119,239 119,261 118,754 119,185 119,257 119,257 119,257 3 119,257 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Stadium District Major league baseball field (1) 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. Source: Various County Agencies. Note: Indicators for Education is not available. 264