Fiscal Year Ended June 30, 2020 COCONINO MOHAVE APACHE NAVAJO YAVAPAI LA PAZ MARICOPA COUNTY GILA GREENLEE PINAL GRAHAM YUMA PIMA COCHISE SANTA CRUZ Board of Supervisors Jack Sellers District 1 Steve Chucri District 2 Bill Gates District 3 Clint L. Hickman District 4 Steve Gallardo District 5 Comprehensive Annual Financial Report Maricopa County Phoenix, Arizona For the Fiscal Year July 1, 2019 to June 30, 2020 Prepared By Department of Finance Cynthia A. Goelz – 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, 2020 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 5 Basic Financial Statements Definitions of Government-wide Financial Statements and Listing of Major Funds 19 Government-wide Financial Statements Statement of Net Position Statement of Activities 21 22 Fund Financial Statements Governmental Funds Financial Statements Balance Sheet Statement of Revenues, Expenditures, and Changes in Fund Balances Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government-Wide Statement of Activities 24 26 28 Proprietary Funds Financial Statements Statement of Net Position Statement of Revenues, Expenses, and Changes in Fund Net Position Statement of Cash Flows 30 31 32 Fiduciary Funds Financial Statements Statement of Fiduciary Net Position Statement of Changes in Fiduciary Net Position 34 35 Basic Financial Statements – Notes 39 Required Supplementary Information Budgetary Comparison Schedules – General Fund and Major Special Revenue Funds General Fund Coronavirus Relief Fund Detention Operations Fund 91 94 96 Notes to Budgetary Comparison Schedules 97 Schedule of the County’s Proportionate Share of Net Pension Liability – Cost-Sharing Pension Plans 98 Schedule of Changes in the County’s Net Pension Liability and Related Ratios – Agent Pension Plans 99 Schedule of County Pension Contributions 101 i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2020 Page Notes to Pension Plan Schedules 102 Modified Approach for Infrastructure Assets 104 Combining and Individual Fund Statements and Schedules 107 Listing of Nonmajor Governmental Funds Governmental Funds Combining Balance Sheet – Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds 114 130 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 Clerk of Court Fill the Gap Fund Clerk of the Court SRF Fund Clerk of the Court Grants Fund Clerk of the Court Judicial Enhancement Fund Conciliation Court Fees Fund Correctional Health Grants Fund County Attorney Fill the Gap Fund County Attorney Grants Fund County Attorney RICO Fund Court Document Retrieval Fund Criminal Justice Enhancement Fund Diversion Fund Domestic Relations Mediation Education Fund Educational Supplemental Program Fund Election Grants Emergency Management Fund Environmental Services Environmental Health Fund Environmental Services Grants Expedited Child Support Fund Flood Control Fund Flood Control Grants Fund Human Services Grants Fund Inmate Health Services Fund ii 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2020 Page Special Revenue Funds (Continued) Inmate Services Fund Justice Court Judicial Enhancement Fund Justice Courts Special Revenue Fund Juvenile Probation Diversion Fund Juvenile Probation Grants Fund Juvenile Probation Special Fees Fund Juvenile Restitution Fund Lake Pleasant Recreation Services Fund Law Library Fees Fund Library District Fund Library District Grants Fund Medical Examiner Grants Fund Non-Departmental Grants Fund Officer Safety Equipment Fund Palo Verde Fund Parks and Recreation Grants Fund Parks Donations Fund Parks Enhancement Fund Parks Souvenir 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 Fees Fund Public Health Grants 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 Sheriff Towing and Impound Fund Small School Service Fund Spousal Maintenance Enforcement Enhancement Fund Spur Cross Ranch Conservation Fund Superior Court Building Repair Fund Superior Court Fill the Gap Fund Superior Court Grants Fund Superior Court Judicial Enhancement Fund Superior Court Special Revenue Fund Taxpayer Information Fund Transportation Grants Fund Transportation Operations Fund Victim Compensation Interest Fund Victim Compensation Restitution Fund Victim Location Fund Waste Management Fund Waste Tire Fund iii 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2020 Page Debt Service Funds County Improvement Debt Fund 233 Capital Projects Funds County Improvement Fund Detention Capital Projects Fund Detention Technology Capital Improvement Fund Flood Control Capital Projects Fund General Fund County Improvements Fund Library District Capital Improvement Fund Sheriff MASH Capital Donation Fund Technology Capital Improvement Fund Transportation Capital Projects Fund Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects 234 235 236 237 238 239 240 241 242 243 Internal Service Funds Listing of Internal Service Funds Combining Statement of Net Position Combining Statement of Revenues, Expenses, and Changes in Net Position Combining Statement of Cash Flows 251 252 254 256 Fiduciary Funds Listing of Fiduciary Funds Combining Statement of Fiduciary Net Position, Investment Trust Funds Combining Statement of Changes in Fiduciary Net Position, Investment Trust Funds Combining Statement of Fiduciary Net Position, Agency Funds Combining Statement of Changes in Assets and Liabilities, Agency Funds 261 262 263 264 265 Statistical Section Listing of Statistical Information Net Position by Component Changes in Net Position 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 Taxpayers 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 269 270 271 273 274 276 277 278 279 280 281 282 283 284 285 286 287 288 Maricopa County Officials BOARD OF SUPERVISORS Jack Sellers, District 1 Steve Chucri, District 2 Bill Gates, District 3 Clint L. Hickman, District 4 Steve Gallardo, District 5  COUNTY MANAGER Joy Rich  ASSISTANT COUNTY MANAGER Lee Ann Bohn  CHIEF FINANCIAL OFFICER Cynthia A. Goelz v Organizational Chart vi Maricopa County County Administrative Office 301 West Jefferson Street 10th Floor Phoenix, AZ 85003-2143 Phone: 602-506-3571 Fax: 602-506-3328 www.maricopa.gov December 18, 2020 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, 2020. 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, 2020, are free of material misstatement. The independent audit involves obtaining audit evidence about the amounts and disclosures in the financial statements. An audit includes assessments of risk of material misstatement of the financial statements, evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management as well as evaluating the overall financial statement presentation. The independent auditors expressed an unmodified opinion on the Maricopa County financial statements for the fiscal year ended June 30, 2020. The auditors concluded that the financial statements were considered fairly presented in conformity with GAAP. The independent auditors’ 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 auditors’ 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 the Arizona Office of Economic Opportunity, at July 1, 2019, Maricopa County contained 60.8 percent of the State’s total population (https://www.azcommerce.com/oeo). The County occupies 9,224 square miles making it the 15th largest county in land area in the United States. 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, Parks and Recreation, Stadium District, and Superintendent of Schools  County Administration: Board of Supervisors, County Manager, Assessor’s Office, Clerk of the Board, Elections, Finance, Internal Audit, Budget Office, Recorder, Office of Procurement Services, Human Resources, Information Technology, Treasurer’s Office, and Facilities Management  Public Safety, Justice and Law Enforcement: Clerk of the Superior Court, County Attorney, Trial Court, Adult Probation, Juvenile Probation, Sheriff’s Office, Public Defender, Emergency Management, Correctional Health, Planning and Development, Constables, Justice Courts, and Public Fiduciary  Public Health and Welfare Services: Public Health, Air Quality, Human Services, Employee Benefits and Health, Animal Care and Control, Environmental Services, Medical Examiner, and Waste Resources and Recycling  Public Works: Flood Control District and Transportation Department 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: https://www.maricopa.gov/3668/Budget-Documents. 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 Banner Health, Wal-Mart Stores, Fry’s Food Stores, Wells Fargo, Amazon, and various local governments (Phoenix Business Journal). 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-round 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), Phoenix Mercury of the Women’s National Basketball Association (WNBA), Arizona Diamondbacks of the Major League Baseball (MLB), and the Arizona Coyotes of the National Hockey League (NHL). Maricopa County also hosts several major league baseball teams for the annual Cactus League spring training. 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. Although there is still uncertainty surrounding the COVID-19 pandemic and the economic impacts associated with it, Arizona is on pace to recover to pre-pandemic levels of economic activity in 2021 and the long-run outlook for the state is strong. Once the pandemic is over, Arizona will once again consistently generate robust job, outlook, and population gains (www.azeconomy.org). Maricopa County’s unemployment rate is 6.3 percent as of September 2020, which remains below the State of Arizona and United States unemployment rates of 6.8 percent and 7.7 percent, respectively (https://fred.stlouisfed.org). 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 philosophy and 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 partnering department such as Facilities Management and Enterprise Technology. 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 five-year financial forecast. Debt Management – Maricopa County utilizes a modified “pay as you go” financial policy for large capital improvement projects, large technology 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 30th. Deposits and investments held outside of the Treasurer’s Investment Pool represent a small portion of the County’s total deposits and investments. It is the County’s investment policy to: collateralize all deposits by at least 102 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. ix Expenditure Limitation – On June 30, 1980, Arizona voters approved general propositions amending the Arizona Constitution to establish expenditure and revenue limitations for local governments. The purpose of the expenditure limitation is to control expenditures and to limit future increases in spending to adjustments for inflation, deflation, and population growth of the County. The Constitution also limits the amount of revenues that may be generated from property taxes. A two-percent plus new construction annual increase is the maximum allowed by law unless special voter approval is obtained. This report will be available in Maricopa County’s separately issued Expenditure Limitation Report to be issued at a future date. Awards and Acknowledgements The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Maricopa County for its comprehensive annual financial report for the fiscal year ended June 30, 2019. 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 and audit 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, Joy Rich County Manager Cynthia A. Goelz 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 Funds • Notes to Budgetary Comparison Schedules • Schedule of the County's Proportionate Share of Net Pension Liability -Cost-Sharing Pension Plans • Schedule of Changes in the County's Net Pension Liability and Related Ratios - Agent Pension Plans • Schedule of County Pension Contributions • Notes to Pension Plan Schedules • Modified Approach for Infrastructure Assets Combining and Individual Fund Statements and Schedules • Nonmajor Governmental Funds • Internal Service Funds • Fiduciary Funds ARIZONA AUDITOR GENERAL LINDSEY A. PERRY AUDITOR GENERAL MELANIE M. CHESNEY DEPUTY AUDITOR GENERAL Independent auditors’ report Members of the Arizona State Legislature The Board of Supervisors of Maricopa County, Arizona Report on the financial statements We have audited the accompanying financial statements of the governmental activities, business-type activities, discretely presented component unit, each major fund, and aggregate remaining fund information of Maricopa County as of and for the year ended June 30, 2020, and the related notes to the financial statements, which collectively comprise the County’s basic financial statements as listed in the table of contents. Management’s responsibility for the financial statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of 4 departments and the discretely presented component unit, which account for the following percentages of the assets and deferred outflows of resources, liabilities and deferred inflows of resources, revenues, and expenses or expenditures of the opinion units affected: Opinion unit/department Government-wide statements Governmental activities: Stadium District Risk Management Employee Benefits Trust Business-type activities: Housing Authority Discretely presented component unit: Industrial Development Authority Fund statements Enterprise fund: Housing Authority Assets and deferred outflows Liabilities and deferred inflows Revenues Expenses/ expenditures 3.50% 0.17% 0.87% 0.01% 2.57% 0.82% 0.22% 0.89% 7.00% 0.49% 1.56% 7.83% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 2910 N 44th St., Ste. 410 • PHOENIX, AZ 85018-7271 • (602) 553-0333 • WWW.AZAUDITOR.GOV Opinion unit/department Aggregate remaining fund information: Stadium District Risk Management Employee Benefits Trust Assets and deferred outflows Liabilities and deferred inflows Revenues Expenses/ expenditures 0.16% 0.22% 1.10% 0.09% 18.30% 5.85% 0.05% 0.20% 1.60% 0.05% 0.33% 1.68% Those statements were audited by other auditors whose reports have been furnished to us, and our opinions, insofar as they relate to the amounts included for those departments and component unit, are based solely on the other auditors’ reports. 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 from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the County’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the County’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 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, businesstype activities, discretely presented component unit, each major fund, and aggregate remaining fund information of the County as of June 30, 2020, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with U.S. generally accepted accounting principles. Other matters Required supplementary information U.S. generally accepted accounting principles require that the management’s discussion and analysis on pages 5 through 15, budgetary comparison schedules on pages 91 through 97, schedule of the County’s proportionate share of the net pension liability—cost-sharing plans on page 98, schedule of changes in the County’s net pension liability and related ratios—agent plans on pages 99 through 100, schedule of County pension contributions on page 101, notes to pension plan schedules on pages 102 through 103, and the modified approach for infrastructure assets on page 104 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We and the other auditors have applied certain limited procedures to the required supplementary information in accordance with U.S. generally accepted auditing standards, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary and other information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County’s basic financial statements. The combining and individual fund statements and schedules and the introductory and statistical sections 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 are management’s responsibility and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with U.S. generally accepted auditing standards by us and the other auditors. In our opinion, based on our audit, the procedures performed as described above, and the reports of the other auditors, the combining and individual fund statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements 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 do not express an opinion or provide any assurance on them. Compliance over the use of Highway User Revenue Fund and other dedicated State transportation revenue monies In connection with our audit, nothing came to our attention that caused us to believe that the County failed to comply with the authorized transportation purposes, insofar as they relate to accounting matters, for Highway User Revenue Fund monies it received pursuant to Arizona Revised Statutes Title 28, Chapter 18, Article 2, and any other dedicated State transportation revenues it received. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the County’s noncompliance with the authorized transportation purposes referred to above, insofar as they relate to accounting matters. The communication related to compliance over the use of Highway User Revenue Fund and other dedicated State transportation revenue monies in the preceding paragraph is intended solely for the information and use of the members of the Arizona State Legislature, the Board of Supervisors, management, and other responsible parties within the County and is not intended to be and should not be used by anyone other than these specified parties. Other reporting required by Government Auditing Standards In accordance with Government Auditing Standards, we will 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 solely 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 the effectiveness of the County’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the County’s internal control over financial reporting and compliance. Lindsey A. Perry, CPA, CFE Auditor General December 18, 2020 4 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 and deferred outflows of resources of the County exceeded its liabilities and deferred inflows of resources at the close of the fiscal year by $3,763.3 million (net position), an increase of 7.8 percent from the prior year restated amount. Of this amount, $3,888.0 million is invested in capital assets, $594.6 million is subject to external restrictions, and ($719.3) million is unrestricted. The County’s total net position as reported in the Statement of Activities increased by $273.2 million from the prior year restated amount. The County’s primary sources of revenue are from taxes, intergovernmental, grants and contributions, and charges for services. Revenue Sources (in millions) Unrestricted Intergovernmental $798.3 (31.9%) Other - $57.6 (2.3%) Capital Grants & Contributions $41.9 (1.7%) Taxes - $915.1 (36.6%) Charges for Services - $294.5 (11.8%) Operating Grants & Contributions $392.5 (15.7%)  The County’s governmental funds reported combined fund balances of $1,614.8 million, an increase in fund balance of $281.4 million from the prior fiscal year’s balance. Approximately 99.4 percent of the combined fund balances, or $1,605.7 million, is spendable and available to meet the County’s current and future needs.  Spendable fund balance for the General Fund increased by 26.3 percent to $300.0 million; approximately 27.0 percent of total General Fund expenditures. See page 10 for a description of spendable fund balance. In accordance with Arizona Revised Statutes (A.R.S.), this entire amount is budgeted for 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. 5 Management’s Discussion and Analysis (Continued)  The County’s enterprise fund, the Housing Authority Fund, reported net position of $84.9 million, of which $79.8 million is invested in capital assets, $5.7 million is restricted, and ($0.6) million is unrestricted. 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 114. 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 Position presents information on all County assets and deferred outflows of resources and liabilities and deferred inflows of resources, with the difference between the two reported as net position. Over time, increases or decreases in net position 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 position changed during the most recent fiscal year. All changes in net position 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 business-type activities of the County consist of the Housing Authority of Maricopa County. 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, Maricopa County Flood Control District, Maricopa County Library District, Maricopa County Special Assessment Districts, Maricopa County Stadium District, and the Maricopa County Street Lighting Districts are reported as blended component units. The Industrial Development Authority of Maricopa County is reported as a discretely presented component unit. The Government-wide financial statements can be found on pages 21-23 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.  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 near-term financing requirements. Governmental funds include the general, special revenue, debt service, and capital projects funds. 6 Management’s Discussion and Analysis (Continued) 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 six 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, Coronavirus Relief Fund, Detention Operations Fund, County Improvement Debt Fund, County Improvement 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 114 of this report. The governmental funds financial statements can be found on pages 24-28 of this report.  Proprietary funds are maintained two ways. Enterprise Funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The County uses an enterprise fund to account for the Housing Authority Fund. 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, technology infrastructure, 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 government-wide financial statements. Fund financial statements for the enterprise fund provide the same type of information as the government-wide financial statements, only in more detail. The Housing Authority Fund is considered to be a major fund of the County. 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 252 of this report. The proprietary funds financial statements can be found on pages 30-32 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 34-35 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 39-87 of this report. Required Supplementary Information is presented concerning the County’s General Fund, Coronavirus Relief Fund, and Detention Operations Fund. A budgetary comparison schedule has been provided for these funds to demonstrate compliance with budget and additional information is provided in the Note to Budgetary Comparison Schedules. In addition, the following schedules related to the County’s pension plans are presented: Schedule of the County’s Proportionate Share of Net Pension Liability – Cost-Sharing Pension Plans, Schedule of Changes in the County’s Net Pension Liability and Related Ratios – Agent Plans, Schedule of County Pension Contributions, and Notes to the Pension Plan Schedules. Also 7 Management’s Discussion and Analysis (Continued) presented is the Modified Approach for Infrastructure Assets. Required supplementary information can be found on pages 91-104 of this report. Government-wide Financial Analysis Net Position Net position may serve over time as a useful indicator of a government’s financial position. The following table reflects the condensed Statement of Net Position of the County for June 30, 2020, as compared to the prior year. Statement of Net Position As of June 30 (in millions) Governmental Activities 2019 (as 2020 restated)* Current and other assets Capital assets Total assets $ 2,263.0 3,919.9 6,182.9 $ 1,615.4 3,864.0 5,479.4 Business-type Activities 2020 $ 15.9 110.0 125.9 $ Total 2019 (as restated)* 2019 2020 14.1 96.9 111.0 $ 2,278.9 4,029.9 6,308.8 $ 1,629.5 3,960.9 5,590.4 % Chg P/Y 39.9% 1.7 12.9 Deferred outflows 382.9 283.4 0.3 0.4 383.2 283.8 35.0 Current liabilities Long-term liabilities Total liabilities 550.1 2,243.1 2,793.2 235.9 1,865.4 2,101.3 2.9 38.1 41.0 3.3 33.1 36.4 553.0 2,281.2 2,834.2 239.2 1,898.5 2,137.7 131.3 20.2 32.6 Deferred inflows 94.2 245.8 0.3 0.6 94.5 246.4 (61.6) 3,808.2 588.9 (718.7) 3,678.4 3,773.4 529.4 (887.1) 3,415.7 79.8 5.7 (0.6) 84.9 69.9 6.5 (2.0) 74.4 3,888.0 594.6 (719.3) $ 3,763.3 3,843.3 535.9 (889.1) $ 3,490.1 1.2 11.0 19.1 7.8 Net position Net investment in capital assets Restricted Unrestricted Total net position $ * $ $ $ On July 1, 2019, Maricopa County restated governmental activities capital asset balances for corrections of prior periods. These corrections were a result of construction in progress related to infrastructure that should have been placed in service in a prior fiscal year. See Note 4 – Beginning Balance Restatement for additional information. By far, the largest portion - $3.8 billion - of the County’s net position 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 which is still outstanding. Net position invested in capital assets increased by $44.7 million due to an increase in net capital assets of $69.0 million and a decrease in capital asset related debt of $24.3 million. The increase in capital assets is attributed to an increase in depreciable capital assets (net of accumulated depreciation) of $243.7 million offset by a decrease in non-depreciable capital assets of $174.7 million. See page 13 for additional detail on capital asset changes. 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. The second component of the County’s total net position, $594.6 million, represents resources that are subject to external restrictions on how they may be used. This component increased by $58.7 million from the prior year. This increase in restricted net position is primarily attributed to public safety and relates to the Detention Operations Fund as restricted net position in the Fund increased by $55.1 million from the prior year. This can be attributed to revenues exceeding expenses for the fiscal year. 8 Management’s Discussion and Analysis (Continued) The final component consists of an unrestricted deficit of $719.3 million, which decreased from fiscal year 2019 by $169.8 million. The decrease in the deficit translates to an increase in net position and is primarily the result of revenues exceeding expenses in the General Fund and various capital project funds. Specifically, the General Fund’s unassigned fund balance increased by $107.8 million from the prior fiscal year. In addition, fund balance committed to capital projects increased by $82.4 million from the prior fiscal year. Changes in Net Position As discussed previously, the County’s total net position of $3.8 billion increased by $273.2 million as reported in the Statement of Activities. The following table reflects the condensed Statement of Activities of the County for the fiscal year 2020 compared to the prior year and indicates the changes in net position for governmental and business-type activities: Statement of Activities For the year ended June 30 (in millions) Governmental Activities 2019 (as 2020 restated)* Revenues: Program revenues: Charges for services Operating grants and contributions Capital grants and contributions $ 288.0 374.7 29.5 $ 271.7 277.3 31.5 General revenues: Taxes Unrestricted intergovernmental Other Total Revenues 915.1 798.3 55.7 2,461.3 867.1 763.6 61.4 2,272.6 Business-type Activities Total 2020 2019 (as restated)* 6.1 20.9 3.9 $ 294.5 392.5 41.9 $ 277.8 298.2 35.4 6.0% 31.6 18.4 0.4 31.3 915.1 798.3 57.6 2,499.9 867.1 763.6 61.8 2,303.9 5.5 4.5 (6.8) 8.5 181.8 985.7 96.5 524.4 81.8 29.8 1,900.0 23.3 6.8 93.5 24.3 1.1 (5.7) 17.2 403.9 3,086.2 $3,490.1 (32.4) 13.1 7.8 2020 2019 $ $ 6.5 17.8 12.4 1.9 38.6 Expenses: General government Public safety Highways and streets Health, welfare and sanitation Other** Housing Authority Total Expenses 224.1 1,053.2 186.7 651.9 82.7 181.8 985.7 96.5 524.4 81.8 2,198.6 1,870.2 28.1 28.1 29.8 29.8 224.1 1,053.2 186.7 651.9 82.7 28.1 2,226.7 Change in net position Net position – beginning, as restated* Net position – ending 262.7 3,415.7 $3,678.4 402.4 3,013.3 $3,415.7 10.5 74.4 $84.9 1.5 72.9 $74.4 273.2 3,490.1 $3,763.3 % Chg P/Y * On July 1, 2019, Maricopa County restated governmental activities capital asset balances for corrections of prior periods. These corrections were a result of construction in progress related to infrastructure that should have been placed in service in a prior fiscal year. See Note 4 – Beginning Balance Restatement for additional information. ** The functions of culture and recreation, education, and 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 estimated useful lives and reported as depreciation expense within the expense line items. Capital outlay expenditures exceeded depreciation expense in the current period by $82.6 million. 9 Management’s Discussion and Analysis (Continued) In the government-wide Statement of Activities, the significant revenues reported included taxes, unrestricted intergovernmental, operating grants and contributions, and charges for services, which represent 36.6, 31.9, 15.7, and 11.8 percent, respectively, of total revenues for fiscal year 2020. Tax revenues in total increased $48.0 million primarily as a result of increases in property taxes of $45.1 million and jail excise tax of $9.8 million, offset by a decrease in special assessment taxes of $5.8 million. The increase in property taxes can be attributed to an increase in assessed values. Intergovernmental revenue, which consists of state shared sales tax, vehicle license taxes and unrestricted grants, increased $34.7 million from the prior fiscal year. This increase is attributable to increases in the state shared sales tax and vehicle license taxes of $33.1 and $1.2 million, respectively. The increases in jail excise tax, state shared sales tax, and vehicle license tax revenues are a result of a strong economy through the first three quarters of the fiscal year, followed by the economic impact of the COVID-19 pandemic occurring in the final quarter. Capital grants and contributions increased by $6.5 million from the prior year as capital contributions attributed to the Housing Authority Fund increased by $8.0 million. Operating grants and contributions increased by $94.3 million from the prior fiscal year. This increase is primarily due to grant revenues earned in the Coronavirus Relief Fund of $95.4 million. Other revenues decreased by $4.2 million, primarily from decreases in miscellaneous revenues of $5.5 million, offset by increases in gains on assets sold of $1.2 million. 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 by $326.7 million or 17.2 percent from the prior fiscal year, which is primarily a result of expenses for governmental activities increasing by $328.4 million. The largest increase was for pension expense, which increased by $160.5 million from the prior fiscal year. In addition, expenditures occurring in the Coronavirus Relief Fund were $98.9 million. The remaining difference is largely due to expenditures in capital projects funds that did not result in a capitalized asset. Financial Analysis of the County’s Funds As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements. 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. 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 nearterm 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, 2020, the governmental funds reported combined fund balances of $1,614.8 million, which was an increase in fund balance of $281.4 million from the prior fiscal year. Approximately 99.4 percent of the combined fund balances, or $1,605.7 million, is available to meet the County’s current and future needs (spendable fund balance). The remaining fund balance is reserved for inventories. 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 $300.0 million, while total fund balance was $303.6 million. This represents an increase in the spendable fund balance from the prior year of $62.5 million, or 26.3 percent. 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 27.0 percent of the total fiscal year 2020 General Fund expenditures, while total fund balance represents 27.3 percent of that same amount. These ratios indicate a strong fund balance position in comparison to expenditures. In addition, Maricopa County operates on a structurally balanced budget as fiscal year 2021 operating expenditures are expected to be fully funded by fiscal year 2021 revenues. 10 Management’s Discussion and Analysis (Continued) During fiscal year 2020, the General Fund experienced an increase in fund balance of $63.2 million, an increase of $42.8 million from the prior fiscal year change in fund balance of $20.4 million. Revenues increased by $80.7 million from the prior fiscal year as a result of increases in state shared sales tax, property tax, and recorded documents services revenue of $33.1, $33.0, and $19.0 million, respectively, with decreases in other intergovernmental revenue of $6.7 million. Transfers out increased by $50.6 million and expenditures increased by $8.1 million. The increase in transfers out is primarily a result of increases in transfers to Technology Capital Improvement Fund, Detention Operations Fund, and General Fund County Improvements Fund of $40.8, $3.8, and $3.8 million, respectively. The increase in expenditures is primarily attributable to increases in technology services, supplies, and capital outlay of $21.8, $10.3, and $1.5 million, respectively, offset by decreases in expenditures in repairs and maintenance, legal services, salaries and benefits, and rent of $14.8, $7.2, $2.0, and $1.0 million, respectively. Coronavirus Relief Fund The Coronavirus Relief Fund is a special revenue fund that was established during the current fiscal year and accounts for CARES Act (Coronavirus Aid, Relief, and Economic Security Act) funding authorized under section 601(a) of the Social Security Act, as added by section 5001 of the CARES Act, for the necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19). At the end of the current fiscal year, spendable fund balance of the Coronavirus Relief Fund was $5.5 million. In addition, the unearned revenue amount of $300.6 million represents the remaining CARES Act funding required to be expended by December 30, 2020. 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 receipt of tax revenue, jail operations expenditures, and transfers to the Detention Capital Projects Fund and Detention Technology Capital Improvement Fund for construction of the adult and juvenile detention facilities and detention technology infrastructure. 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 $94.1 million, of which 98.4 percent is restricted and considered spendable. This was an increase in total fund balance of $55.4 million, or 58.8 percent from the prior fiscal year. Although the fund had more expenditures than revenues by $132.3 million, positive net transfers of $185.6 million offset the net loss in the fund. Operating transfers consisted primarily of the transfer in for MOE from the General Fund of $190.5 million and a transfer out to the Detention Capital Projects Fund of $8.2 million. The amounts transferred out of the Detention Operations Fund for any given year are 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 Certificates of Participation, Refunding Series 2016; Certificates of Participation, Series 2018A; Certificates of Participation, Series 2020; and other long-term obligations. At the end of the current fiscal year, spendable fund balance of the County Improvement Debt Fund was $5.8 million. This represents an increase of $537.1 thousand from the prior fiscal year and is attributed to the continued payment of debt service obligations. The primary activity in this fund is debt service payments. 11 Management’s Discussion and Analysis (Continued) County Improvement Fund The County Improvement Fund is a capital projects fund that was established in fiscal year 2015 and accounts for capital projects funded through the issuance of long-term debt obligations and transfers from other County funds. At the end of the current fiscal year, fund balance of the County Improvement Fund was $179.2 million, an increase of $108.7 million from prior year. The increase was primarily the result of the Certificates of Participation, Series 2020, debt issuance of $133.4 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 primarily consist of justice and administrative projects. At the end of the current fiscal year, fund balance of the General Fund County Improvements Fund was $477.8 million, all of which is committed and considered spendable. The fund balance in this fund increased $57.3 million from the prior fiscal year as a result of positive net transfers of $69.3 million, which were offset by capital outlay expenditures of $12.1 million. Fiscal year 2020 transfers primarily consisted of transfers in from the General Fund of $141.3 million, which were offset by transfers out to the General Fund and the County Improvement Debt Fund of $16.9 and $55.1 million, respectively. 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 expenditures. A significant favorable expenditure variance, as compared to the budget, was incurred in the Non-Departmental Department (general government function) of $62.6 million. The savings were a result of the Non-Departmental Department spending less contingency funds than was anticipated. None of the variances between the budget and actual amounts were significant enough to affect the County’s ability to provide future services. Capital Assets and Long-Term Liabilities Capital Assets The County’s capital assets balance for its governmental and business-type activities as of June 30, 2020, was $4.0 billion (net of accumulated depreciation). Capital assets include land, buildings and improvements, infrastructure, machinery and equipment, and construction in progress. The County reports infrastructure assets, which consist of the Flood Control District and Transportation Department infrastructure, in the government-wide financial statements in accordance with GASB Statement No. 34. Additional information regarding infrastructure assets can be found in the Notes to the Financial Statements (Note 1 – Summary of Significant Accounting Policies and Note 11 – Capital Assets). 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, 2020, Flood Control District infrastructure-related assets consisted of land, infrastructure (net of accumulated depreciation) and construction in progress of $239.2, $295.7, and $173.2 million, respectively. 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 2020, the condition level of both systems was within the established condition level. Actual maintenance/preservation costs varied by ($3.2) million and ($2.6) million from the estimated costs for the roadway and bridge system, respectively. Roadway and Bridge System maintenance is predicated by the Federal clearance process. See Required Supplementary Information on page 104 for additional information. At June 30, 2020, Transportation Department infrastructure-related assets consisted of land, infrastructure and construction in progress of $434.0, $817.3, and $94.6 million, respectively. 12 Management’s Discussion and Analysis (Continued) Capital assets for governmental and business-type activities are presented below (in millions) to illustrate changes from the prior year: Governmental Activities Land Infrastructure Buildings and improvements (net of accumulated depreciation) Machinery and equipment (net of accumulated depreciation) Intangibles (net of accumulated depreciation) Construction in progress Infrastructure (net of accumulated depreciation) Totals * Business-type Activities Total 2020 $811.2 817.3 2019 (as restated)* $803.5 784.9 % Chg P/Y 1.0 4.1 84.2 1,600.9 1,371.6 16.7 3.8 3.2 106.5 84.7 25.7 609.0 0.1 1.8 3.9 0.1 398.1 612.9 100.0 (35.0) 303.3 $3,864.0 $110.0 $96.9 295.7 $4,029.8 303.3 $3,960.9 2020 $802.4 817.3 2019 (as restated)* $797.9 784.9 2020 $8.8 2019 $5.6 1,505.4 1,287.4 95.5 102.7 81.5 396.3 295.7 $3,919.8 (2.5) 1.7 On July 1, 2019, Maricopa County restated governmental activities capital asset balances for corrections of prior periods. These corrections were a result of construction in progress related to infrastructure that should have been placed in service in a prior fiscal year. See Note 4 – Beginning Balance Restatement for additional information. Capital assets, net of accumulated depreciation, increased by $68.9 million, or 1.7 percent, from the prior year. The most significant impacts on this increase in the fiscal year ended June 30, 2020, were increases in buildings and improvements (net of accumulated depreciation), non-depreciable infrastructure, and machinery and equipment (net of accumulated depreciation) of $229.3, $32.4, and $21.8 million, respectively. These increases were offset by a decrease in construction in progress of $214.8 million. 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) Standard & Poor’s AAA January 2020 AAA January 2020 Fitch Ratings Moody’s Investor Services Aaa January 2020 Certificates of Participation Standard & Poor’s AA+ January 2020 AA+ January 2020 Fitch Ratings Aa1 January 2020 Moody’s Investor Services At June 30, 2020, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) outstanding of $2,281.2 million, which represents a $382.7 million increase from the prior year balance of $1,898.5 million. The majority of the $382.7 million increase is attributable to governmental activities and is comprised of a net increase in net pension and other postemployment benefits liability of $236.6 million and increases in certificates of participation and capital leases of $133.1 million. The increase in certificates of participation is primarily attributed to the $133.4 million of Certificates of Participation, Series 2020, issued during the year to pay for various capital projects. The two largest projects are the Administration Building Renovation and the Southeast Regional Justice Center at Mesa. At June 30, 2020, the largest components of long-term liabilities consisted of net pension and other postemployment benefits liability of $1,877.3 million, certificates of participation of $236.1 million, and reported claims and incurred but not reported claims of $86.2 million. 13 Management’s Discussion and Analysis (Continued) Certificates of participation 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, 2020, the fund balance in the County Improvement Debt Fund to pay future liabilities was $5.8 million. Reported and incurred but not reported claims applicable to governmental activities of $86.2 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is an increase of $6.8 million from the prior year. 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 13 – Long-Term Liabilities and Note 17 – Risk Management). Net pension and other postemployment benefits (OPEB) liabilities applicable to governmental activities of $1.9 billion represent the difference between: 1) the total amount due to retirees for their future benefit obligations from employee services, less 2) the actual amount of assets on hand to make those payments. Therefore, unfunded pension and OPEB liabilities indicate that future benefit obligations to retirees are greater than the assets on hand to make those payments. These amounts are determined annually based on actuarial assumptions. Economic Factors and Next Year’s Budget and Rates  Although there is still uncertainty surrounding the COVID-19 pandemic and the economic impacts associated with it, Arizona is on pace to recover to pre-pandemic levels of economic activity in 2021 and the long-run outlook for the state is strong. Once the pandemic is over, Arizona will once again consistently generate robust job, outlook, and population gains (www.azeconomy.org).  The unemployment rate in Maricopa County is 6.3 percent as of September 2020, which remains below the State of Arizona and United States unemployment rates of 6.8 percent and 7.7 percent, respectively (https://fred.stlouisfed.org).  The Arizona Office of Economic Opportunity reports that Maricopa County’s population increased by 1.7 percent from fiscal year 2018 to 2019. Maricopa County’s population increased 14.2 percent from 2010 to 2019, which is higher than the United States’ overall population increase of 6.3 percent for the same time period (https://www.azcommerce.com/oeo and https://census.gov). As part of the annual budget planning process, the County’s Budget Office 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. The forecast was instrumental in the determination of the fiscal year 2021 budget and tax rate, which took into account several significant trends:  Property tax revenues are the product of two factors, the assessed valuation of all properties in the County and the property tax rate. For fiscal year 2021, the adopted tax rate remained flat at $1.4009.  The fiscal year 2021 tax levy increased by $35.2 million from fiscal year 2020, as a result of increased assessed property valuations. Yearly assessed property valuation growth rates are anticipated to increase by approximately 5.0 percent from fiscal year 2022 through 2025.  Fiscal year 2021 annual collections of State Shared Sales Tax and County Jail Excise Tax revenues are expected to increase by 3.9 percent and 3.7 percent, respectively, from the prior year. However, annual collections for Vehicle License Tax revenues and Highway User Revenues are expected to decrease 0.6 percent and 7.8 percent, respectively, from the prior year. Although some revenues are expected to decrease in fiscal year 2021, yearly growth rates are expected to increase and fluctuate from 1.7 percent to 7.0 percent from fiscal year 2022 through 2025. 14 Management’s Discussion and Analysis (Continued) In accordance with A.R.S., the General Fund spendable fund balance amount (see page 10 for more information) 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. 15 16 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 Position presents information on all of Maricopa County’s assets and deferred outflows of resources and liabilities and deferred inflows of resources, with the difference reported as net position. The Statement of Activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. The above two statements are presented utilizing the following types of activities: 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. 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 Coronavirus Relief Fund – accounts for CARES Act (Coronavirus Aid, Relief, and Economic Security Act) funding authorized under section 601(a) of the Social Security Act, as added by section 5001 of the CARES Act, for the necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19). 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 and Detention Technology Capital Improvement Fund for construction of the adult and juvenile detention facilities and detention technology infrastructure. Debt Service Fund County Improvement Debt Fund – accounts for the debt service for the Certificates of Participation, Refunding Series 2016, Certificates of Participation, Series 2018A, Certificates of Participation, Series 2020, and other long-term obligations. This fund’s main revenue source is from transfers for the repayment of debt. 19 Maricopa County Definitions of Government-wide Financial Statements and Listing of Major Funds (Continued) Capital Projects Funds County Improvement Fund – accounts for capital projects funded through the issuance of Certificates of Participation, Series 2018A, Certificates of Participation, Series 2020, and transfers from various County Funds. General Fund County Improvements Fund – was established to fund current and future capital projects. Fund assets may be used to pay directly for capital projects or may be appropriated by the Board of Supervisors for debt service. None of the funds has been pledged for debt service, and fund assets may be transferred by the Board of Supervisors at any time for any other County purpose. Enterprise Fund Housing Authority Fund – accounts for the activity of the Housing Authority of Maricopa County. 20 Maricopa County Statement of Net Position June 30, 2020 Governmental Activities ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Investments Receivables (net of allowances for uncollectibles) Due from other governmental units Inventories Prepaids Miscellaneous Cash and cash equivalents – restricted Cash and investments held by trustee – restricted Other postemployment benefits (OPEB) asset Note receivable Capital assets: Land Buildings and improvements Machinery and equipment Infrastructure – nondepreciable Infrastructure – depreciable Intangibles Construction in progress Accumulated depreciation Total assets $ 51,988,345 1,869,009,342 $ 25,565,503 204,369,148 11,163,125 11,153,720 3,271,692 8,091,724 $ 897,254 99,198 118,376 6,273,512 500,000 802,426,717 2,269,818,990 372,620,353 817,255,967 437,196,021 LIABILITIES Accounts payable Accrued liabilities Employee compensation payable Interest payable Unearned revenue Contract retention payable Deposits held for other parties Noncurrent liabilities: Due within one year Due in more than one year Total liabilities DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pensions and OPEB Deferred inflows on debt refunding Total deferred inflows of resources NET POSITION Net investment in capital assets Restricted for: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Unrestricted (deficit) $ Total 60,080,069 1,869,009,342 396,345,911 (1,175,811,276) 6,182,902,634 125,156 1,855,195 (45,501,145) 125,940,199 811,191,010 2,409,816,562 377,339,417 817,255,967 437,196,021 125,156 398,201,106 (1,221,312,421) 6,308,842,833 382,854,241 382,854,241 326,653 326,653 383,180,894 383,180,894 83,791,692 5,858,498 124,452,402 4,635,953 315,599,085 11,884,354 3,917,129 1,637,708 137,075 350,819 297,131 85,429,400 5,995,573 124,803,221 4,635,953 316,105,199 11,884,354 4,214,260 97,159,306 2,145,887,253 2,793,185,672 3,538,380 34,550,989 41,018,216 100,697,686 2,180,438,242 2,834,203,888 94,010,803 197,902 94,208,705 315,399 315,399 94,326,202 197,902 94,524,104 3,808,175,194 79,796,197 3,887,971,391 10,203,050 390,233,986 108,286,138 36,946,169 38,746,524 4,438,158 (718,666,721) 3,678,362,498 The notes to the financial statements are an integral part of this statement. 21 8,764,293 139,997,572 4,719,064 506,114 5,699,657 $ (562,617) 84,933,237 COMPONENT UNIT Industrial Development Authority $ $ 10,203,050 390,233,986 108,286,138 42,645,826 38,746,524 4,438,158 (719,229,338) 3,763,295,735 7,276,510 22,930,091 43,486 26,462,757 204,369,148 11,262,323 11,272,096 3,271,692 6,273,512 69,891,761 16,637,315 500,000 69,891,761 16,637,315 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pensions and OPEB Total deferred outflows of resources Total net position PRIMARY GOVERNMENT Business-type Activities 37,267 19,940 30,307,294 6,307,578 27,788 6,335,366 $ 23,971,928 23,971,928 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2020 Program Revenues Charges for Services Expenses Operating Capital Grants and Contributions Grants and Contributions Functions/Programs Primary government: Governmental activities: General government $ Public safety 224,110,276 $ 51,880,544 $ 2,637,645 $ 1,053,190,489 140,595,616 24,630,870 1,083,746 Highways and streets 186,689,526 21,907,005 115,732,325 28,443,920 Health, welfare and sanitation 651,910,529 55,927,380 211,910,290 Culture and recreation 50,895,104 17,250,204 23,055 Education 25,050,440 6,775,142 469,269 19,765,053 2,198,621,506 288,030,018 374,699,238 29,527,666 28,013,475 6,531,775 17,754,740 12,375,329 28,013,475 6,531,775 17,754,740 Interest on long-term debt Total governmental activities Business-type activities: Housing Authority Total business-type activities Total primary government $ 2,226,634,981 $ 294,561,793 $ 6,357,217 $ 2,949,879 Component unit: Industrial Development Authority 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 Sales tax – Jail construction and operation Surcharge tax – Stadium District Unrestricted share of state sales tax Unrestricted share of state vehicle license tax Grants and contributions not restricted to specific programs Unrestricted investment earnings Gain on sale of assets Miscellaneous Total general revenues Change in net position Net position, July 1, 2019, restated Net position, June 30, 2020 The notes to the financial statements are an integral part of this statement. 22 $ 392,453,978 12,375,329 $ 41,902,995 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2015 Net (Expense) Revenue and Changes in Net Position Primary Government Governmental Activities $ (169,592,087) Business-type Activities $ Component Unit Industrial Development Authority Total $ (886,880,257) (169,592,087) (886,880,257) (20,606,276) (20,606,276) (384,072,859) (384,072,859) (33,621,845) (33,621,845) (4,816,118) (6,775,142) (4,816,118) (6,775,142) (1,506,364,584) (1,506,364,584) 8,648,369 (1,506,364,584) 8,648,369 8,648,369 8,648,369 8,648,369 (1,497,716,215) $ 627,273,672 627,273,672 70,471,344 70,471,344 24,236,319 24,236,319 5,694,636 5,694,636 182,556,542 182,556,542 4,882,593 4,882,593 622,830,699 622,830,699 173,793,081 173,793,081 1,709,483 $ (3,407,338) 1,709,483 45,026,659 271,740 45,298,399 10,559,397 1,234,236 358,696 1,234,236 10,918,093 399,128 1,769,034,425 1,864,672 1,770,899,097 1,075,414 262,669,841 3,415,692,657 3,678,362,498 10,513,041 74,420,196 84,933,237 273,182,882 3,490,112,853 3,763,295,735 (2,331,924) 26,303,852 23,971,928 $ $ 23 676,286 $ Maricopa County Balance Sheet Governmental Funds June 30, 2020 Coronavirus Relief General ASSETS Cash in bank and on hand Cash and investments held by County Treasurer Receivables (net of allowances for uncollectibles) Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets LIABILITIES Accounts payable Employee compensation payable Accrued liabilities Due to other funds Interest payable Certificates of participation payable Unearned revenue Deposits held for other parties Contract retention payable Total liabilities $ 42,508,983 139,118,088 16,860,011 35,502,898 123,151,099 3,586,438 8,600,388 $ $ 369,327,905 $ 389,500,776 $ 114,408,202 $ 24,083,995 30,426,293 642,138 $ 4,437,361 198,449 $ 5,548,680 12,707,574 983,226 $ 386,479,561 1,466,314 25,574,623 380,636 53,695,282 32,429,025 1,531,385 797,251 1,554,901 77,213,359 300,595,736 18,179 295,828 55,466,433 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 382,444,905 19,239,480 10,293,004 1,066,321 1,066,321 10,293,004 FUND BALANCES Nonspendable Restricted Committed Assigned Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances Detention Operations 3,586,438 166,454,076 133,527,954 303,568,468 $ 369,327,905 $ 1,554,901 5,500,970 1,531,385 92,571,016 7,055,871 94,102,401 389,500,776 $ 114,408,202 Amounts reported for governmental activities in the Statement of Net Position 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. OPEB assets are not available for County operations and therefore, not reported in the funds. Internal service funds are used by management to charge the costs of equipment services, technology infrastructure, risk management, employee benefits, and the sheriff warehouse to individual funds. The assets, deferred outflows of resources, liabilities, and deferred inflows of resources of the internal service funds are included in governmental activities in the Statement of Net Position. Long-term liabilities (e.g., net pension liabilities and bonds payable) are not due and payable shortly after June 30, 2020, and therefore, are not reported in the funds. Deferred outflows and inflows of resources related to pensions and OPEB and deferred charges on debt refundings are applicable to future reporting. periods and, therefore, are not reported in the funds. Net position of governmental activities The notes to the financial statements are an integral part of this statement. 24 County Improvement Debt $ $ 5,821,933 21,605 $ 69,890,951 75,734,489 $ General Fund County Improvements County Improvement Other Governmental Funds $ 184,510,387 684,971 $ 185,195,358 $ 313,974 $ 479,068,286 $ 479,068,286 $ 1,007,385 $ 4,879,876 580,461,346 3,291,869 48,789,024 2,479,565 1,275,098 810 641,177,588 44,868,945 1,354,612 1,910 11,318,756 Total Governmental Funds $ $ $ 15,003,349 3,898,950 5,670,325 82,116,847 80,260,340 44,686,928 1,627,274 88,532,115 4,635,953 65,255,000 315,599,085 3,917,129 11,884,354 616,398,178 1,126,637 10,718,916 11,845,553 11,419,641 11,785,237 23,204,878 9,152,289 673,961,703 641,767,542 166,454,076 123,473,938 1,614,809,548 4,635,953 65,255,000 5,683,203 5,997,177 69,890,953 $ 234,998 1,242,383 5,843,536 164,370,918 14,827,263 477,825,903 2,479,565 411,518,799 143,270,840 5,843,536 179,198,181 477,825,903 (10,054,016) 547,215,188 75,734,489 $ 185,195,358 $ 479,068,286 $ 47,388,859 1,801,034,224 22,705,406 89,198,180 204,369,148 9,152,289 10,672,737 69,891,761 2,254,412,604 641,177,588 3,891,824,802 23,204,878 16,637,315 (3,501,205) (2,152,180,073) 287,567,233 $ 25 3,678,362,498 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds Year Ended June 30, 2020 Coronavirus Relief General Detention Operations County Improvement Debt 182,556,542 $ REVENUES Taxes $ 610,232,942 Licenses and permits 1,472,770 Intergovernmental 813,133,746 Charges for services 77,818,671 Fines and forfeits 10,126,050 $ $ 98,365,180 156,800 19,484,228 Special assessments Interest income Miscellaneous Total revenues 25,507,449 6,979,645 6,082,332 2,739,811 222,924 201,199 1,545,271,273 104,447,512 205,160,305 201,199 EXPENDITURES Current: General government 169,771,012 Public safety 608,918,420 Highways and streets 281,519,491 67,925 Health, welfare and sanitation 314,200,400 Culture and recreation 96,535,436 53,758,818 916,454 Education 2,900,864 Debt service: Principal 93,342 66,078,920 Interest 7,280 6,746,141 Other expenditures Capital outlay Total expenditures 14,351,890 2,411,106 2,222,624 1,111,227,587 98,946,542 337,500,933 72,825,061 434,043,686 5,500,970 (132,340,628) (72,623,862) 73,160,950 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 28,863,597 193,749,706 Transfers out (413,881,920) (8,198,895) 13,496,875 1,842,196 (371,521,448) 187,393,007 Capital lease agreements Certificates of participation issuance Premium on certificates of participation issuance Total other financing sources (uses) Net change in fund balances 62,522,238 Fund balances, July 1, 2019 240,360,714 5,500,970 73,160,950 55,052,379 537,088 38,725,493 5,306,448 Changes in nonspendable resources: Increase in inventories Fund balances, June 30, 2020 $ 685,516 303,568,468 $ The notes to the financial statements are an integral part of this statement. 26 1,554,901 7,055,871 $ 324,529 94,102,401 $ 5,843,536 County Improvement $ General Fund Other Total County Improvements Governmental Funds Governmental Funds $ $ 711,355 99,447,998 $ 49,279,753 301,060,653 1,213,427,734 104,504,884 201,807,783 8,267,749 18,393,799 5,694,636 5,694,636 4,055,127 11,040,550 7,071,911 49,626,468 14,274,480 4,766,482 584,895,364 2,444,742,135 6,145,379 175,916,391 126,568,056 1,017,005,967 83,860,457 83,928,382 171,853,493 636,348,147 41,924,942 42,841,396 21,742,345 24,643,209 278,513 66,450,775 21,721 6,775,142 825,546 36,077,161 12,062,579 200,553,171 825,546 267,678,531 36,902,707 12,062,579 652,948,077 2,322,413,486 (32,136,225) (12,062,579) (68,052,713) 122,328,649 (11,537) 141,286,033 158,942,631 596,002,917 (71,967,372) (106,943,193) (601,002,917) 5,058,720 20,397,791 133,440,000 133,440,000 7,397,084 140,825,547 $ 892,237,482 47,806,983 69,318,661 7,397,084 156,234,875 57,058,158 108,689,322 57,256,082 (10,994,555) 278,563,524 70,508,859 420,569,821 557,963,341 1,333,434,676 179,198,181 $ 477,825,903 $ 246,402 547,215,188 27 $ 2,811,348 1,614,809,548 Maricopa County Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the GovernmentWide Statement of Activities Year Ended June 30, 2020 Net change in fund balances – total governmental funds (page 27) $ 278,563,524 Amounts reported for governmental activities in the Statement of Activities on page 23 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. 82,583,312 The net effect of various miscellaneous transactions involving capital assets is a decrease to net position. (20,279,415) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 1,810,694 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 position. Also, governmental funds report the effect of 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. (91,850,840) 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. 5,358,072 Internal service funds are used by management to charge the costs of equipment services, technology infrastructure, risk management, employee benefits, and the sheriff warehouse to individual funds. The net expense of external activities of these funds is reported with governmental activities. (12,258,500) County pension and OPEB contributions are reported as expenditures in the governmental funds when made. However, they are reported as deferred outflows of resources in the Statement of Net Position because the reported net pension and OPEB liability is measured a year before the County’s report date. Pension and OPEB expense, which is the change in the net liability adjusted for changes in deferred outflows and inflows of resources related to pensions, is reported in the Statement of Activities. Change in net position of governmental activities (page 23) The notes to the financial statements are an integral part of this statement. 28 18,742,994 $ 262,669,841 29 Maricopa County Statement of Net Position Proprietary Funds June 30, 2020 Business-type Activities – Enterprise Fund Housing Authority ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Receivables: Accounts Accrued interest Inventories Prepaids $ 8,091,724 Governmental Activities – Internal Service Funds $ 897,254 Cash and cash equivalents – restricted 99,198 118,376 6,273,512 Total current assets 15,480,064 4,599,486 67,975,118 2,646,793 213,304 2,010,836 3,752,675 81,198,212 Noncurrent assets: Note receivable Capital assets: Land Buildings and improvements Machinery and equipment Intangibles Construction in progress Accumulated depreciation 8,764,293 139,997,572 4,719,064 125,156 1,855,195 (45,501,145) (13,042,398) Total noncurrent assets 110,460,135 28,027,881 Total assets 125,940,199 109,226,093 326,653 2,231,194 326,653 2,231,194 1,637,708 350,819 137,075 506,114 297,131 3,531,352 1,962,948 4,231,224 500,000 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pensions Total deferred outflows of resources LIABILITIES Current liabilities: Accounts payable Employee compensation payable Accrued liabilities Unearned revenue Deposits held for other parties Due to other funds Liability for reported and incurred but not reported claims (current portion) Long-term debt (current portion) Total current liabilities 4,182,514 36,887,765 666,065 30,873,849 3,538,380 6,467,227 Noncurrent liabilities: Liability for reported and incurred but not reported claims Long-term debt Net pension liability Total noncurrent liabilities 41,265,438 55,324,681 Total liabilities DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pensions Total deferred inflows of resources NET POSITION Net investment in capital assets Restricted for health, welfare and sanitation Unrestricted deficit $ Total net position (deficit) The notes to the financial statements are an integral part of this statement. 30 31,685,865 2,865,124 34,550,989 17,215,482 72,540,163 41,018,216 113,805,601 315,399 315,399 1,152,891 1,152,891 79,796,197 5,699,657 (562,617) 28,027,881 84,933,237 (31,529,086) $ (3,501,205) Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds Year Ended June 30, 2020 Business-type Activities – Enterprise Fund Governmental Activities – Internal Service Funds Housing Authority OPERATING REVENUES Charges for services $ Intergovernmental Miscellaneous Total operating revenues 6,531,775 $ 240,632,548 17,754,740 358,696 438,964 24,645,211 241,071,512 OPERATING EXPENSES 3,712,698 Personal services 17,278,403 Supplies 11,716,078 410,616 Other services 21,375,544 13,134,472 Housing assistance payments Legal 2,736,773 Insurance and claims 490,424 Leases and rentals 1,036,826 236,178 Repairs and maintenance 2,421,360 1,635,523 917,626 4,314,808 11,497,159 6,776,818 Total operating expenses 26,438,830 259,841,658 Operating income (loss) (1,793,619) (18,770,146) 271,740 1,515,059 186,402,914 Travel and transportation 186,268 Utilities Depreciation NONOPERATING REVENUES (EXPENSES) Investment income Loss on disposal of capital assets (3,413) (1,388,109) 1,234,236 Interest expense Gain on sale of assets Total nonoperating revenues (expenses) Income (loss) before contributions and transfers Capital contributions Capital distributions 117,867 1,511,646 (1,675,752) (17,258,500) 12,375,329 (186,536) 32,413,272 5,035,393 (35,393) Transfers in Transfers out Change in net position 10,513,041 20,154,772 Total net position (deficit), July 1, 2019 74,420,196 (23,655,977) Total net position (deficit), June 30, 2020 $ 84,933,237 $ (3,501,205) The notes to the financial statements are an integral part of this statement. 31 Maricopa County Statement of Cash Flows Proprietary Funds Year Ended June 30, 2020 Business-type Activities – Enterprise Fund Housing Authority CASH FLOWS FROM OPERATING ACTIVITIES Receipts from other funds Receipts from customers Other receipts Payments for goods and services Payments for personal services and benefits Net cash provided by (used for) operating activities $ Governmental Activities Internal Service Funds $ 22,738,065 3,214,248 (20,912,879) (2,429,910) 2,609,524 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds Loan received from General Fund Other payments to members Net cash provided by (used for) noncapital financing activities 237,345,700 3,615,122 438,964 (229,221,503) (17,181,108) (5,002,825) 5,000,000 380,757 (186,536) (186,536) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Cash Transfers from other funds Cash Transfers to other funds Contributions received from members Proceeds from sale of assets Proceeds from acquisition of debt Payments on long-term debt (17,718,913) RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES Operating loss Adjustments to reconcile operating loss to net cash provided by (used for) operating activities: Depreciation expense Liability for reported and incurred but not reported claims - noncurrent Changes in assets and deferred outflows of resources [(increase)/decrease] and liabilities and deferred inflows of resources [increase/(decrease)]: Accounts receivable Inventories Prepaids Deferred outflows of resources related to pensions Accounts payable Employee compensation Pension liabilities Unearned revenue Other liabilities Liability for reported and incurred but not reported claims - current Deferred inflows of resources related to pensions Net cash provided by (used for) operating activities SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES Capital assets disposed Accumulated depreciation on capital assets disposed Loss on capital assets disposed Capital contributions on capital assets transferred between internal service funds Loss on disposal of capital assets transferred between internal service funds Capital asset additions expensed in governmental funds Capital contributions on capital asset additions expensed in governmental funds The notes to the financial statements are an integral part of this statement. 32 (347,226) 35,393 (35,393) 11,858,552 1,579,628 5,257,964 (717,625) (1,324,130) (500,000) (1,564,524) (305,740) 271,740 271,740 1,528,548 1,528,548 $ 1,130,204 13,235,032 14,365,236 $ 1,600,740 70,973,864 72,574,604 $ (1,793,619) $ (18,770,146) Interest payments on long-term debt Loan to borrower 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 in cash and cash equivalents Cash and cash equivalents, July 1, 2019 Cash and cash equivalents, June 30, 2020 5,380,757 41,486 4,314,808 6,776,818 6,635,640 (161,501) (853) 36,201 50,050 328,274 (299,626) (549,009) (8,845) (1,347,002) 27,845 1,154,462 (1,165,195) 275,051 11,674 346,136 939,689 $ $ (242,917) 2,609,524 $ $ 1,942,426 182,505 (1,076,167) (5,002,825) (326,507) 316,690 9,817 (35,083) 35,083 32,378,189 (32,378,189) 33 Maricopa County Statement of Fiduciary Net Position Fiduciary Funds June 30, 2020 Investment Trust Funds Agency Funds Assets Cash and investments in bank and on hand $ $ 59,691,856 $ 136,943,730 42,532 196,678,118 $ $ 196,678,118 $ $ 196,678,118 Cash and investments held by County Treasurer 4,246,213,206 14,184,540 Accrued interest receivable Total assets $ 4,260,397,746 Liabilities Deposits held for other parties Total liabilities Net Position Held in trust for investment participants $ 4,260,397,746 The notes to the financial statements are an integral part of this statement. 34 Maricopa County Statement of Changes in Fiduciary Net Position Fiduciary Funds Year Ended June 30, 2020 Investment Trust Funds Additions: Contributions from participants $ 9,806,461,243 Investment income: Interest income 65,383,237 32,272,097 Net change in fair value of investments 97,655,334 Net investment income 9,904,116,577 Total additions Deductions: Distributions to participants 9,348,381,377 Total deductions 9,348,381,377 Change in net position 555,735,200 Net position, July 1, 2019 3,704,662,546 $ Net position, June 30, 2020 4,260,397,746 The notes to the financial statements are an integral part of this statement. 35 36 Financial Section Basic Financial Statements - Notes Basic Financial Statements - Notes Maricopa County Basic Financial Statements – Notes NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 2 REPORTING CHANGES NOTE 3 FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS NOTE 4 BEGINNING BALANCE RESTATEMENT 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 CAPITAL ASSETS NOTE 12 CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS NOTE 13 LONG-TERM LIABILITIES NOTE 14 MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS NOTE 15 MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT NOTE 16 OPERATING LEASES NOTE 17 RISK MANAGEMENT NOTE 18 POLLUTION REMEDIATION OBLIGATIONS NOTE 19 PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS NOTE 20 INTERFUND BALANCES AND ACTIVITY NOTE 21 DISCRETELY PRESENTED COMPONENT UNIT DISCLOSURES OF GOVERNMENT-WIDE 39 AND FUND FINANCIAL Notes to the Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Maricopa County’s accounting policies conform to generally accepted accounting principles applicable to governmental units adopted by the Governmental Accounting Standards Board (GASB). A. Reporting Entity Maricopa County is a general purpose local government that is 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. Each blended and discretely presented component unit discussed below has a June 30 year-end. Unless noted below, separate financial statements are not available for the component unit. The reporting entity is comprised of the primary government, Maricopa County Flood Control District, Maricopa County Library District, Maricopa County Special Assessment Districts, Maricopa County Stadium District, Maricopa County Street Lighting Districts, Housing Authority of Maricopa County, and Industrial Development 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 and has operational responsibility for the District, it 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 and has operational responsibility for the District, it is considered a blended component unit of the County. 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 and has operational responsibility over the District, they are considered a blended component unit of the County. 40 Notes to the Financial Statements (Continued) 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 and has operational responsibility over the District, it is considered a blended component unit of the County. The Stadium District also issues separate financial statements. Complete financial statements for the Maricopa County Stadium District may be obtained at the entity’s administrative office listed below: Maricopa County Stadium District 301 West Jefferson, 10th floor Phoenix, Arizona 85003 www.maricopa.gov 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 and has operational responsibilities over the Districts, they 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 and has operational responsibility over the Housing Authority, it is a blended component unit of the County. The Housing Authority also issues separate financial statements, which include five discretely presented component units: Coffelt-Lamoreaux, L.L.C., Madison Heights Phase I, L.L.C., and Madison Heights Phase II, L.L.C., The River at Eastline Village, L.L.C., and Coffelt Tenant, L.L.C. These component units have a December 31 year end and are combined and reported with the Housing Authority as a single enterprise fund on Maricopa County’s financial statements. Complete financial statements for the Housing Authority of Maricopa County and their component units may be obtained at the entity’s administrative office listed below: Housing Authority of Maricopa County 8910 N. 78th Avenue, Building D Peoria, Arizona 85345 www.maricopahousing.org The discretely presented component unit is as follows: Industrial Development Authority of Maricopa County 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. All bonds issued by the Authority are special, limited obligations of the Authority, payable solely from revenues generated by the project being financed, and do not constitute debt of, a loan of, or credit by, the Authority. The Authority charges administration fees to bond applicants and uses such fees to cover its administration costs and to support its ongoing community and economic development in Arizona. The Authority is a special-purpose governmental entity engaged in business-type activities. Although the Authority is legally separate from the County, governmental accounting standards require the Authority to be reported as a discretely presented 41 Notes to the Financial Statements (Continued) component unit of the County for financial reporting purposes as the County Board of Supervisors is able to impose its will on the Authority. Complete financial statements for the Industrial Development Authority of Maricopa County may be obtained at the entity’s administrative office listed below: Industrial Development Authority of Maricopa County 301 W. Jefferson, 10th Floor Phoenix, Arizona 85003 www.mcida.com 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 information’s usefulness. Government-wide financial statements – provide information about the primary government (the County) and its component units. The statements include a statement of net position and a statement of activities. These statements report the overall government’s financial activities, except for fiduciary activities. They also distinguish between the County’s governmental and business-type activities and between the County and its discretely presented component unit. 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 statement of activities presents a comparison between direct expenses and program revenues for each function of the County’s governmental activities and segment of its business-type 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 does not allocate 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 taxes the County levies or imposes, are reported as general revenues. Generally, the effect of interfund activity has been eliminated from the government-wide financial statements to minimize the double counting of internal activities. However, charges for interfund services provided and used are not eliminated if doing so would distort the direct costs and program revenues reported by the departments concerned. Fund financial statements – provide information about the County’s funds, including fiduciary funds and blended component units. Separate statements are presented for the governmental, proprietary, and fiduciary fund categories. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental funds are aggregated and reported as nonmajor funds. Internal service and fiduciary funds are aggregated and reported by fund type. 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. Other revenues, such as subsidies, result from transactions in which the parties do not exchange equal values and are considered nonoperating revenues along with investment earnings and revenues ancillary activities generate. Operating expenses include the cost of services, administrative expenses, and depreciation on capital assets. Other expenses, such as interest expense, are considered nonoperating expenses. 42 Notes to the Financial Statements (Continued) The County reports the following major governmental funds: The General Fund – is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Coronavirus Relief Fund – accounts for CARES Act (Coronavirus Aid, Relief, and Economic Security Act) funding authorized under section 601(a) of the Social Security Act, as added by section 5001 of the CARES Act, for the necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19). 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 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 and Detention Technology Capital Improvement Fund for construction of the adult and juvenile detention facilities and detention technology infrastructure. The County Improvement Debt Fund – accounts for the debt service for the Certificates of Participation, Refunding Series 2016, Certificates of Participation, Series 2018A, Certificates of Participation, Series 2020, and other long-term obligations. This fund’s main revenue source is from transfers for the repayment of debt. The County Improvement Fund – accounts for capital projects funded through the issuance of Certificates of Participation, Series 2018A, Certificates of Participation, Series 2020, and transfers from various County funds. 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 have 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 reports the following major enterprise fund: The Housing Authority Fund – accounts for the activities of the Housing Authority of Maricopa County. The County also reports the following fund types: The internal service funds – account for automotive maintenance and service, information technology 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 funds – account for pooled and individual investment accounts the County Treasurer holds and invests on behalf of other governmental entities. The agency funds – account for assets the County holds as an agent for the State and various local governments and for property taxes collected and distributed to the State, cities and towns, and special districts. 43 Notes to the Financial Statements (Continued) C. Basis of Accounting The government-wide, proprietary funds, and fiduciary funds financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. The agency funds are custodial in nature and do not have a measurement focus but utilize the accrual basis of accounting for reporting its assets and liabilities. 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. 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 position resources available to finance the program. For these types of programs, the County applies grant resources to such programs before using general revenues. For all other programs, the County uses unrestricted revenues first. Governmental funds in the fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when they become both measurable and available. The County considers all revenues reported in the governmental funds to be available if the revenues are collected within 60 days after year-end. The County’s major revenue sources that are susceptible to accrual are property taxes, intergovernmental, charges for services, and investment income. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, landfill closure and postclosure care costs, pollution remediation obligations, claims and judgments, compensated absences and asset retirement obligations, 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. D. Cash and Investments For the statement of cash flows, the County’s cash and cash equivalents are considered to be cash on hand, demand deposits, cash and investments held by the County Treasurer, and only those highly liquid investments with a maturity of three months or less when purchased. School and fire district bonds that mature within 90 days of year-end are reported at amortized cost. All other investments are stated at fair value. E. Inventories Inventories reported on the 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 position for government-wide and the internal service funds are valued at cost using first-in, first-out and the moving average methods, respectively. 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. 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 44 Notes to the Financial Statements (Continued) second installment is due on the first day of March of the next year and becomes delinquent after the first business day of May. During the year, the County also levies mobile home personal property taxes that are due the second Monday of the month following receipt of the tax notice and become delinquent 30 days later. A lien assessed against real and personal property attaches on the first day of January preceding assessment and levy. G. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the government-wide statements and the proprietary funds. Capital assets are defined as assets with an initial, individual cost of more than $5,000. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value. 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 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. H. Deferred Outflows and Inflows of Resources The statement of net position and balance sheet include separate sections for deferred outflows of resources and deferred inflows of resources. Deferred outflows of resources represent a consumption of net position that applies to future periods that will be recognized as an expense or expenditure in future periods. Deferred inflows of resources represent an acquisition of net position or fund balance that applies to future periods and will be recognized as revenue in future periods. I. Postemployment Benefits For purposes of measuring the net pension and other postemployment benefits (OPEB) assets and liabilities, deferred outflows of resources and deferred inflows of resources related to pensions and OPEB, and pension and OPEB expense, information about the plans’ fiduciary net position and additions to/deductions from the plans’ fiduciary net position have been determined on the same basis as they are reported by the plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. 45 Notes to the Financial Statements (Continued) J. Fund Balance Classifications The governmental funds’ fund balances are reported separately within classifications based on a hierarchy of the constraints placed on those resources’ use. 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 their usage by creditors (such as through debt covenants), grantors, contributors, or laws and regulations. The unrestricted fund balance category is composed of committed, assigned, and unassigned resources. Committed fund balances are self-imposed limitations the County’s Board of Supervisors approved, which is the highest level of decision-making authority within the County. Only the Board can remove or change the constraints placed on committed fund balances through formal Board action. Assigned fund balances are resources constrained by the County’s intent to be used for specific purposes, but that 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 balance, if an expenditure is incurred that can be paid from either restricted or unrestricted fund balances, it is 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. K. Investment Income Investment income is composed of interest, dividends, and net changes in the fair value of applicable investments. L. Compensated Absences Compensated absences consist of vacation leave and a calculated amount of sick leave employees earned based on services already rendered. Employees may accumulate, and roll-over from year-toyear, 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 terminating 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 employees forfeit them upon terminating 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, 2020, under this policy are accrued as a liability. 46 Notes to the Financial Statements (Continued) 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. M. Other Disclosures Pursuant to A.R.S.§35-391, the County must disclose in its annual financial report the amount of any rewards, discounts, incentives or other financial consideration resulting from credit card payments. The County earned $412 thousand in credit card rebates during calendar year 2019. NOTE 2 – REPORTING CHANGES Beginning in fiscal year 2020, the County established the following funds: Coronavirus Relief Fund (special revenue fund), a major governmental fund, and Sheriff MASH Capital Donation Fund (nonmajor capital project fund). During fiscal year 2020, the Animal Control Field Operations Fund (nonmajor special revenue fund) was eliminated and the County transferred all remaining assets and liabilities to the Animal Control License/Shelter Fund (nonmajor special revenue fund). In addition, the Stadium District Debt Service Fund (nonmajor debt service fund) was eliminated and the County transferred all remaining assets and liabilities to the Cactus League Operations Fund (nonmajor special revenue fund). As these funds were closed during the fiscal year, there was no effect on beginning net position or beginning fund balance. 47 Notes to the Financial Statements (Continued) NOTE 3 – FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS The fund balance classifications of the governmental funds as of June 30, 2020, were as follows: Coronavirus Relief Fund General Fund Fund balances: Nonspendable: Inventory Total nonspendable $ 3,586,438 3,586,438 $ Restricted for: Capital Projects 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 restricted 1,554,901 1,554,901 County Improvement Debt Fund Detention Operations Fund $ 1,531,385 1,531,385 $ 5,500,970 92,571,016 5,500,970 92,571,016 Committed to: Capital projects Debt service Health and welfare Other purposes Total committed 5,843,536 5,843,536 Assigned to: General government Total assigned 166,454,076 166,454,076 Unassigned 133,527,954 Total fund balances $ 303,568,468 $ 48 7,055,871 $ 94,102,401 $ 5,843,536 Notes to the Financial Statements (Continued) General Fund County Improvements Fund County Improvement Fund Fund balances: Nonspendable: Inventory Total nonspendable $ $ Restricted for: Capital Projects 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 restricted Other Governmental Funds $ 2,479,565 2,479,565 Total $ 158,373,744 164,370,918 Committed to: Capital projects Debt service Health and welfare Other purposes Total committed 158,373,744 4,438,158 109,375,137 23,889,548 34,524,777 184,309,600 25,045,550 9,311,736 5,246,749 167,239 8,153,848 107,417,450 3,708,167 673,961,703 4,438,158 109,375,137 18,388,578 34,524,777 85,741,410 25,045,550 9,311,736 5,246,749 167,239 8,153,848 107,417,450 3,708,167 411,518,799 5,997,174 14,827,263 14,827,263 477,825,903 107,219,237 477,825,903 13,997,425 22,054,178 143,270,840 599,872,403 5,843,536 13,997,425 22,054,178 641,767,542 Assigned to: General government Total assigned 166,454,076 166,454,076 (10,054,016) Unassigned Total fund balances 9,152,289 9,152,289 $ 179,198,181 $ 477,825,903 $ 547,215,188 123,473,938 $ 1,614,809,548 NOTE 4 – BEGINNING BALANCE RESTATEMENT On July 1, 2019, Maricopa County restated governmental activities infrastructure-depreciable, net of accumulated depreciation, and net position by ($2,386,389) for corrections of prior periods. These corrections were a result of construction in progress related to infrastructure that should have been placed in service in a prior fiscal year. The restatement was comprised of adjustments to infrastructure, accumulated depreciation, and construction in progress, of $13,488,684, ($2,386,389), and ($13,488,684), respectively. Beginning net position was adjusted for the above as follows: Governmental Activities Net position reported as of June 30, 2019 $ 3,418,079,046 Minus: Infrastructure corrections Net position as of July 1, 2019, as restated (2,386,389) $ 3,415,692,657 49 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 position – Governmental Activities as reported in the government-wide Statement of Net Position. The details of this reconciliation follow: Fund balances – total governmental funds $ 1,614,809,548 Capital assets used in governmental activities are not financial resources and therefore, are not reported in the funds. Land Buildings and improvements Machinery and equipment Infrastructure Construction in progress Accumulated depreciation Net governmental funds capital assets at June 30, 2020 802,426,717 2,265,636,476 335,732,588 1,254,451,988 396,345,911 (1,162,768,878) 3,891,824,802 Some receivables are not available to pay for current period expenditures and therefore, are reported as unavailable revenue in funds. Unavailable revenue for property taxes receivable at June 30, 2020 Unavailable revenue for grant revenues receivable at June 30, 2020 Unavailable revenue for other revenues receivable at June 30, 2020 11,419,641 10,718,916 1,066,321 23,204,878 OPEB assets are not available for County operations and therefore, are not reported in the funds. 16,637,315 Internal service funds are used by management to charge the costs of equipment services, technology infrastructure, risk management, employee benefits, and the sheriff warehouse to individual funds. The assets, deferred outflows of resources, liabilities, and deferred inflows of resources of the internal service funds are included in governmental activities in the Statement of Net Position. (3,501,205) Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2020, and therefore, are not reported in the funds. Certificates of participation payable at June 30, 2020 COP premium unamortized at June 30, 2020 Capital Leases payable at June 30, 2020 Governmental funds compensated absences payable at June 30, 2020 Liability for closure and postclosure costs at June 30, 2020 Net pension and OPEB liability at June 30, 2020 (170,870,000) (12,555,424) (20,783,850) (77,802,526) (10,121,751) (1,860,046,522) (2,152,180,073) Deferred outflows and inflows of resources related to pensions, OPEB, and deferred charges or credits on debt refundings are applicable to future reporting periods and, therefore, are not reported in the funds. Deferred outflows of resources related to pensions and OPEB at June 30, 2020 Deferred inflows of resources related to pensions and OPEB at June 30, 2020 Deferred charges on debt refunding at June 30, 2020 380,623,047 (92,857,912) (197,902) 287,567,233 $ Net position of governmental activities 50 3,678,362,498 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 position 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 $ 278,563,524 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, 2020 Add: Internal service funds depreciation expense for the year ended June 30, 2020 181,109,257 (105,302,763) 6,776,818 82,583,312 The net effect of various miscellaneous transactions involving capital assets is a decrease to net position. Donations of capital assets Net value of disposed capital assets for the year ended June 30, 2020 Adjustment for net value of assets acquired in prior years 11,021,780 (32,012,688) 711,493 (20,279,415) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. Grant revenues earned but not yet received during the year ended June 30, 2020 Property taxes earned but not yet received during the year ended June 30, 2020 Collections of unavailable revenue plus current-year revenues exceeding amount reported as earned during the year ended June 30, 2020 1,067,662 2,536,532 (1,793,500) 1,810,694 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 position. Also, governmental funds report the effect of premiums, discounts, and similar items when debt is issued, whereas these amounts are 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. Proceeds from certificates of participation Principal payments on certificates of participation Proceeds from capital leases Principal payments on capital leases Increase in COPs premium Amortization of COPs premium Amortization of deferred charges on debt refunding (133,440,000) 65,255,000 (20,397,791) 1,195,775 (7,397,084) 2,883,784 49,476 (91,850,840) Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures in governmental funds. Net increase in employee compensation payable Increase in inventories Net decrease in closure and postclosure care costs Net decrease in claims and judgments (835,975) 2,811,348 787,068 2,595,631 5,358,072 Internal service funds are used by management to charge the costs of equipment services, technology infrastructure, reprographics, risk management, employee benefits, and the sheriff warehouse to individual funds. The net expense of external activities of these funds is reported with governmental activities. (12,258,500) County pension and OPEB contributions are reported as expenditures in the governmental funds when made. However, they are reported as deferred outflows of resources in the Statement of Net Position because the reported net pension and OPEB liability is measured a year before the County’s report date. Pension and OPEB expense, which is the change in the net liability adjusted for changes in deferred outflows and inflows of resources related to pensions, is reported in the Statement of Activities. County pension and OPEB contributions Pension and OPEB expense $ Change in net position of governmental activities 51 159,495,431 (140,752,437) 18,742,994 262,669,841 Notes to the Financial Statements (Continued) NOTE 6 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2020, the following nonmajor governmental and proprietary funds reported deficits in fund balance or net position. FUND DEFICIT Governmental Funds: Adult Probation Grants Air Quality Grants Animal Control Grants CDBG Housing Trust Clerk of the Court Grants Correctional Health Grants County Attorney Grants Emergency Management Human Services Grants Non-Departmental Grants Public Defender Grants Public Health Grants School Grants Sheriff Grants Superior Court Grants Transportation Grants Proprietary Funds: Equipment Services Risk Management $ 69,902 382,007 8,458 4,336 145,162 482 275,834 227,730 3,098,855 307 1,355 2,963,613 1,681,833 524,969 108,743 56,638 $ 2,573,946 62,974,992 The deficits in fund balances for Adult Probation Grants, Air Quality Grants, Animal Control Grants, CDBG Housing Trust, Clerk of the Court Grants, Correctional Health Grants, County Attorney Grants, Emergency Management, Human Services Grants, Non-Departmental Grants, Public Defender Grants, Public Health Grants, School Grants, Sheriff Grants, Superior Court Grants, and Transportation 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 not accrued. As of June 30, 2020, Equipment Services had deficit net position of $2,573,946. This is primarily due to the reporting of noncurrent net pension liabilities as a result of GASB Statement No. 68, Accounting and Financial Reporting for Pensions. 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, 2020, the total net position deficit was $62,974,992. This is primarily due to the Risk Management Fund not being funded for noncurrent accrued claim liabilities. For the year ended June 30, 2020, expenditures exceeded final budget amounts at the department level in the Coronavirus Relief Fund as follows: Fund/Department Coronavirus Relief Fund: Correctional Health Sheriff Excess $ 12,694,483 64,783,346 The Coronavirus Relief Fund was created to account for U.S. Department of Treasury CARES Act funding and the necessary expenditures due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19). As this was a new source of revenue with specific expenditure guidelines, the County established each department’s estimated budget based on the guidelines initially established by the U.S. Department of Treasury. However, as updated guidance was issued by the U.S. Department of the Treasury which provided clarity on what types of expenditures would be allowable, additional expenditures were incurred by the departments over what was originally budgeted. The excesses for Correctional Health and Sheriff were primarily the result of public safety and public health salaries that were allocated out of the General and Detention funds to the Coronavirus Relief Fund. The allocation of these salaries was approved by the Board of Supervisors, however, due to the timing of the allocation, the departmental budgets could not be adjusted. 52 Notes to the Financial Statements (Continued) 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, notes, and other evidences of indebtedness; interest-earning investments such as savings accounts, certificates of deposit, and repurchase agreements in eligible depositories; specified commercial paper issued by corporations organized and doing business in the United States; specified bonds, debentures, notes, and other evidences of indebtedness that are denominated in United States dollars; and certain open-end and closed-end mutual funds, including exchange traded funds. In addition, the County Treasurer may invest trust funds in certain 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. Specified bonds, debentures, notes, and other evidences of indebtedness that are denominated in United States dollars must be rated “A” or better at the time of purchase by at least two nationally recognized rating agencies. 3. Fixed income securities must carry 1 of the 2 highest ratings by Moody’s investors service and Standard and Poor’s rating service. If only 1 of the above-mentioned services rates the security, it must carry the highest rating of that service. Custodial credit risk Statutes require collateral for deposit at 102 percent of all deposits federal depository insurance does not cover. 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. 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. The maximum maturity for investments in repurchase agreements is 180 days. Foreign currency risk Statutes do not allow foreign investments, unless the investment is denominated in United States dollars. Deposits—At June 30, 2020, the carrying amount of the County’s deposits was $1,556,432,281 and the bank balance was $1,550,798,343. It is the County’s investment policy to collateralize all deposits not covered by depository insurance in accordance with Statutes. 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. Investments—The County had total investments of $4,891,505,954 at June 30, 2020. The County categorized certain investments measured at fair value within the fair value hierarchy established by generally accepted accounting principles as follows: 53 Notes to the Financial Statements (Continued) Fair value measurement using Investments by fair value level U.S. Treasury securities Amount $ 34,604,183 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) $ $ $ 34,604,183 U.S. agency securities 1,514,209,464 1,514,209,464 Corporate bonds 2,159,526,046 2,138,650,446 Short term bills and notes 35,354,643 35,354,643 School/fire district bonds 87,516,075 Total investments by fair value level 87,516,075 3,831,210,411 Investments measured at the net asset value (NAV) Money market mutual funds Money market mutual funds with trustee Total investments measured at the NAV 20,875,600 $ 3,722,818,736 $ 108,391,675 982,271,757 69,890,951 1,052,162,708 Investments measured at amortized cost School/fire district bonds 5,550,258 Other investments Total investments measured at amortized cost 2,582,577 Total investments 8,132,835 $ 4,891,505,954 Investments categorized as level 2 are valued using institutional bid evaluations based on Intercontinental Exchange (ICE) Data Services automated pricing models. Corporate bonds categorized as level 3 are valued using Bloomberg. Money market mutual funds are valued using a net asset value (NAV) of $1.00 per share. Privately placed school/fire district bonds with maturities beyond 90 days categorized as level 3 are valued using information from similar assets. Privately placed school/fire district bonds with a maximum maturity of 90 days are measured at amortized cost. The $2,582,577 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. As these investment amounts are immaterial, no deposits or investment risk (credit risk, custodial credit risk, concentration of credit risk, and interest rate risk) disclosures will be reported for these investments. Credit risk – It is the County’s investment policy to preserve the principal value and the interest income of an investment. The County can invest in obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, or instrumentalities. The County can also invest in commercial paper and corporate bonds with ratings that meet the statutory requirements specified above. At June 30, 2020, credit risk for the County’s investments was as follows: Investment Type U. S. agency securities U. S. agency securities U. S. agency securities Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Rating Rating Agency Aaa AA+ Unrated Aaa Aa1 Aa2 Aa3 A1 A2 Moody’s S&P Not Applicable Moody’s Moody’s Moody’s Moody’s Moody’s Moody’s 54 Amount $ 778,837,692 731,105,478 4,266,294 26,930,724 57,409,980 10,546,936 137,728,544 356,990,766 295,025,067 Notes to the Financial Statements (Continued) Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Short term bills and notes School/fire district bonds Money market mutual funds Money market mutual funds Money market mutual funds with trustee A3 AAA+ A AP-1 Unrated Aaa-mf AAAm Aaa-mf Moody’s S&P S&P S&P S&P Moody’s Not Applicable Moody’s S&P Moody’s $ 292,440,597 123,910,063 132,991,810 32,685,781 692,865,778 35,354,643 93,066,333 977,000,000 5,271,757 69,890,951 4,854,319,194 The $93,006,333 of unrated school/fire district bonds are issued by various school districts that deposit their monies with the County Treasurer. 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 an outside party’s possession. 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. At June 30, 2020, the County did not have investments exposed to custodial credit risk. 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, 2020, were in the Goldman Sachs, Federal Home Loan Mortgage Corporation (Freddie Mac), JP Morgan Chase, the Federal Farm Credit Banks (FFCB), and Wells Fargo. These investments were 12.9 percent, 11.8 percent, 10.5 percent, 9.1 percent, and 7.9 percent, respectively, of the County’s total investments. Interest rate risk – It is the County’s investment policy to hold investments to maturity, where practical, and avoid any loss on investments resulting from an early sale or retirement of an investment. Additionally, securities should be invested for a shorter duration, where applicable. At June 30, 2020, the County had the following investments in debt securities. Investment Type U.S. Treasury securities U.S. agency securities Corporate bonds Short Term Bills and Notes School/fire district bonds Money market mutual funds Money market mutual funds with trustee Amount $ 34,604,183 1,514,209,464 2,159,526,046 35,354,643 93,066,333 982,271,757 69,890,951 $4,888,923,377 Investment Maturities Less than 1–5 1 Year Years $ 34,604,183 $ 233,560,840 1,280,648,624 51,418,862 2,108,107,184 35,354,643 5,550,258 87,516,075 982,271,757 69,890,951 $1,412,651,494 $3,476,271,883 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. 55 Notes to the Financial Statements (Continued) A reconciliation of cash, deposits, and investments to amounts shown on the Statements of Net Position follows: Cash, deposits, and investments: Cash on hand Amount of deposits Amount of investments Total $ $ 165,241 1,556,432,281 4,891,505,954 6,448,103,476 Governmental Business-type Investment Agency Activities Activities Trust Fund Fund Total Statement of Net Position: Cash in bank and on hand $ 51,988,345 $ 8,091,724 $ $ Cash and investments in bank and on hand Cash and investments held by County Treasurer 1,869,009,342 4,246,213,206 Total 136,943,730 6,252,166,278 6,273,512 69,891,761 $ 1,990,889,448 60,080,069 59,691,856 6,273,512 Cash and cash equivalents - restricted Cash and investments held by trustee $ 59,691,856 69,891,761 $ 14,365,236 $ 4,246,213,206 $ 196,635,586 $ 6,448,103,476 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 $9,469,000 of interest earned in certain other funds to be transferred to the General Fund. The County’s deposits and investments are included in the County Treasurer’s investment pool, except for $165,241 of cash on hand, $69,890,951 of mutual funds with trustee, $580,991,608 of cash and investments held by the County Treasurer in an individual investment account, and $125,881,005 of other deposits and investments. The deposit and investment risks of the Treasurer’s investment pool are substantially the same as the County’s deposit and investment risks. The amount held in an individual investment account consists solely of cash and investments held for a separate legal entity. Although these assets are held in a separate investment account, it is the County’s investment policy to preserve the principal value and the interest income of an investment. See Note 7 – Deposits and Investments for disclosure of the County’s deposit and investment risks. Details of each major investment classification follow: Investment Type U. S. agency securities School/fire district bonds Corporate bonds Money market mutual funds Principal 1,474,500,000 91,655,000 2,073,082,000 982,271,757 Interest Rates 0.18 – 2.95% 0.79 – 6.14% 0.66 – 3.92% 0.00 – 0.16% 56 Maturities 8/20 – 6/25 7/20 – 7/25 1/21 – 6/25 Amount 1,487,919,097 93,066,333 2,134,903,384 982,271,757 Notes to the Financial Statements (Continued) A condensed statement of the investment pool’s net position and changes in net position follows. Statement of net position Assets $ 5,692,410,367 $ 5,692,410,367 Liabilities Net position Net position held in trust for: Internal participants $ 2,005,287,048 External participants 3,687,123,319 Total net position held in trust $ 5,692,410,367 Statement of changes in net position Total additions $ 12,748,978,476 Total deductions 11,487,128,206 Net increase (decrease) $ 1,261,850,270 Net position held in trust: July 1, 2019 4,430,560,097 June 30, 2020 $ 5,692,410,367 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 Coronavirus Relief Fund General Fund Receivables: Taxes Accrued interest Total receivables $ $ 13,504,588 3,355,423 16,860,011 $ $ Detention Operations Fund $ 1,466,314 1,466,314 County Improvement Debt Fund $ 380,636 380,636 $ 21,605 21,605 $ County Improvement Fund Other Governmental Funds $ $ $ 684,971 684,971 $ 1,871,184 1,420,685 3,291,869 Total $ 15,375,772 7,329,634 $ 22,705,406 NOTE 10 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2020, as reported on the Governmental Funds balance sheet are as follows: Governmental Funds Detention Operations Fund General Fund Due from other governmental units: State-shared sales tax Vehicle license tax Highway user revenue Jail tax Other surcharges collected by the state Grants and contributions from state and federal Reimbursement for services provided to the state, cities and towns Total due from other governmental units $ 107,620,841 15,483,559 $ Other Governmental Funds $ Total $ 1,164,546 18,622,442 31,487,548 1,751,948 27,250,088 $ 46,699 123,151,099 57 $ 941,477 32,429,025 $ 48,789,024 $ 107,620,841 16,648,105 18,622,442 31,487,548 1,751,948 27,250,088 988,176 204,369,148 Notes to the Financial Statements (Continued) NOTE 11 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2020 was as follows: Balance July 1, 2019 as restated Increase Balance June 30, 2020 Decrease Governmental activities: Nondepreciable assets: Land Construction in progress Infrastructure Total capital assets not being depreciated $ Depreciable assets: Buildings and improvements Machinery and equipment Infrastructure 797,910,573 609,038,415 784,883,725 2,191,832,713 $ 8,094,071 139,694,602 48,865,276 196,653,949 $ 3,577,927 352,387,106 16,493,034 372,458,067 $ 802,426,717 396,345,911 817,255,967 2,016,028,595 1,992,333,404 342,627,067 436,053,030 277,485,586 58,888,441 1,142,991 28,895,155 2,269,818,990 372,620,353 437,196,021 2,771,013,501 337,517,018 28,895,155 3,079,635,364 704,951,631 261,156,503 132,714,803 59,460,622 37,023,360 8,818,781 28,314,424 764,412,253 269,865,439 141,533,584 Total 1,098,822,937 105,302,763 28,314,424 1,175,811,276 Total capital assets being depreciated, net 1,672,190,564 232,214,255 580,731 1,903,824,088 Total Less accumulated depreciation for: Buildings and improvements Machinery and equipment Infrastructure Governmental activities capital assets, net Business-type activities: Nondepreciable assets: Land Construction in progress $ 3,864,023,277 $ 428,868,204 $ $ 5,619,797 3,893,646 $ 3,144,496 855,494 $ Total capital assets not being depreciated Depreciable assets: Buildings and improvements Machinery and equipment Intangibles Total Business-type activities capital assets, net $ 3,919,852,683 $ 2,893,945 8,764,293 1,855,195 3,999,990 2,893,945 10,619,488 124,799,231 4,197,509 15,949,446 538,266 125,156 16,612,868 751,105 16,711 139,997,572 4,719,064 125,156 144,841,792 413,976 8,448 41,608,761 4,203,981 85,796 25,031 4,314,808 422,424 44,433,473 1,042,641 25,031 45,501,145 87,387,979 12,298,060 345,392 99,340,647 40,643,468 965,293 Total capital assets being depreciated, net $ 9,513,443 128,996,740 Less accumulated depreciation for: Buildings and improvements Machinery and equipment Intangibles Total 373,038,798 96,901,422 $ 16,298,050 767,816 $ 3,239,337 $ 109,960,135 The County pledged certain governmental activities land and buildings as collateral for various certificates of participation. See Note 13 – Long-term Liabilities for additional information regarding outstanding debt at June 30, 2020. On July 1, 2019, Maricopa County restated governmental activities infrastructure-depreciable, net of accumulated depreciation, and net position by ($2,386,389) for corrections of prior periods. These corrections were a result of construction in progress related to infrastructure that should have been placed in service in a prior fiscal year. The restatement was comprised of adjustments to infrastructure, accumulated depreciation, and construction in progress, of $13,488,684, ($2,386,389), and ($13,488,684), respectively. See Note 4 – Beginning Balance Restatement for additional information. 58 Notes to the Financial Statements (Continued) Depreciation expense was charged to functions as follows: Government activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Internal service funds Total governmental activities depreciation expense $ 37,131,917 44,163,484 4,692,823 4,441,143 7,945,004 151,574 6,776,818 $ 105,302,763 Business-type activities Housing Authority $ 4,314,808 NOTE 12 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2020, 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 Projects, and Construction of Various County Facilities. Transportation Construction Projects At June 30, 2020, Maricopa County Transportation Department had contractual commitments, including retention payable, of $12,920,892 for construction of various roadway projects. At June 30, 2020, the County had spent $384,575,667 on these projects and had related estimated cost of completion based on the project budgets of $401,362,215, 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, 2020, Maricopa County Flood Control District had contractual commitments, including retention payable, of $37,386,661 for the construction of various flood control projects. At June 30, 2020, the County had spent $173,196,159 on these projects and had related estimated cost of completion based on the project budgets of $579,481,125, 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 Projects At June 30, 2020, Maricopa County had contractual commitments of $41,156,537, including retention payable, related to major capital projects accounted for in the County Improvement Fund (major governmental fund), Technology Capital Improvement Fund, and Detention Technology Capital Improvement Fund (nonmajor governmental funds), which are partially financed by the Certificates of Participation, Series 2015, and through transfers from the General Fund and Detention Operation Fund. At June 30, 2020, the County had spent $186,914,074 on these projects and had related estimated cost of completion based on the project budgets of $32,575,763, of which not all projects may be completed. Construction of Various County Facilities At June 30, 2020, Maricopa County had contractual commitments of $9,885,338, including retention payable, relating to major capital projects accounted for in the County Improvement Fund, General Fund County Improvements Fund (major governmental funds), and Detention Capital Projects Fund (nonmajor governmental fund), which are anticipated to be partially financed by long-term debt and through transfers 59 Notes to the Financial Statements (Continued) from the General Fund and Detention Operations Fund, respectively. At June 30, 2020, the County had spent $290,372,213 on these projects and had related estimated cost of completion based on the project budgets of $110,837,773, of which not all projects may be completed. NOTE 13 – LONG-TERM LIABILITIES The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2020. Balance July 1, 2019 Governmental activities: Certificates of participation (COP) and other payables: COP, direct placement COP Capital Leases $ Plus: COP premium Total bonds, COP, and other payables 32,105,000 90,080,000 1,581,834 123,766,834 8,042,124 Additions $ 131,808,958 Balance June 30, 2020 Reductions 133,440,000 20,397,791 153,837,791 7,397,084 $ 6,255,000 13,245,000 1,195,775 20,695,775 2,883,784 161,234,875 23,579,559 $ 25,850,000 210,275,000 20,783,850 256,908,850 12,555,424 Due Within One Year $ 6,335,000 58,920,000 386,059 65,641,059 269,464,274 65,641,059 173,998,460 86,198,530 30,873,849 787,068 10,121,751 644,398 Other liabilities: Claims and judgments Reported and incurred but not reported claims 2,595,631 79,380,385 Liability for closure and postclosure costs Net pension and other postemployment benefits liability Business-type activities: Loans and other payables: Loans payable Other long-term debt Net pension liabilities Business-type activities long-term liabilities 180,816,605 10,908,819 1,640,675,013 238,313,175 1,726,184 1,877,262,004 1,733,559,848 419,129,780 179,107,343 1,973,582,285 31,518,247 $ 1,865,368,806 $ 580,364,655 $ 202,686,902 $ 2,243,046,559 $ 97,159,306 $ 27,386,865 2,829,207 2,853,450 $ 4,741,187 3,565,695 11,674 $ 717,624 2,581,085 $ 31,410,428 3,813,817 2,865,124 $ 3,538,380 $ 33,069,522 $ 8,318,556 $ 3,298,709 $ 38,089,369 $ 3,538,380 Total other liabilities Governmental activities long-term liabilities 2,595,631 Certificates of participation, loans, and other payables were as follows at June 30, 2020: Certificates of Participation On August 26, 2016, the Maricopa County Public Finance Corporation issued Certificates of Participation, Series 2016, direct placement, for $44,460,000 with an interest rate at 1.35% to refund $51,095,000 of outstanding Lease Revenue Bonds, Series 2007A with interest rates ranging from 4.00% - 5.00%. The certificates are payable semiannually on January 1 and July 1 of each year through 2023. These certificates are secured by the collateralization of the South Court Tower. The certificates are not callable prior to their scheduled maturity dates. On March 14, 2018, Maricopa County issued $106,295,000 of Certificates of Participation, Series 2018A, to pay for the redevelopment of the County’s former Madison Street Jail into office space and related parking facilities. The 2018A Certificates were executed and delivered under a trust agreement, dated June 1, 2015, and by a second supplement to the trust agreement, dated as of March 1, 2018. The certificates have interest rates ranging from 4.0 to 5.0 percent, payable semiannually on January 1 and July 1 each year, commencing on July 1, 2018 through 2024. These certificates are secured by the collateralization of the South Court Tower. The certificates are not callable prior to their scheduled maturity dates. On February 4, 2020, Maricopa County issued $133,440,000 of Certificates of Participation, Series 2020 to pay for various capital projects. The two largest projects are the Administration Building Renovation and the Southeast Regional Justice Center at Mesa. The 2020 Certificates were executed and delivered under 60 Notes to the Financial Statements (Continued) a trust agreement, dated June 1, 2015, and by a third supplement to the trust agreement, dated as of February 1, 2020. The certificates have interest rates ranging from 4.0 to 5.0 percent, payable semiannually on January 1 and July 1 each year, commencing on July 1, 2020 through 2022. These certificates are secured by the collateralization of the South Court Tower. The certificates are not callable prior to their scheduled maturity dates. The County’s outstanding Certificates of Participation, direct placement and Certificates of Participation of $25,850,000 and $210,275,000, respectively, contain provisions that in an event of default, the trustee may at its option elect to terminate the lease, take possession of the leased property, and/or sell, convey, rerent or re-let the leased property. The County’s Certificates of Participation also contain a subjective acceleration clause that in an event of default allows the owners of at least 5% in outstanding principal amount to request the trustee to declare the certificates to be immediately due and payable. The County also has an unused revolving line of credit in the amount of $35,000,000. The following certificates of participation were outstanding at June 30, 2020: AMOUNT OF ISSUE INTEREST RATES MATURITY DATES OUTSTANDING AT JUNE 30, 2020 $ 44,460,000 1.35% 7-1-20/23 $ COP, Series 2018A 106,295,000 4.0 – 5.0% 7-1-20/24 76,835,000 COP, Series 2020 133,440,000 4.0 – 5.0% 7-1-20/22 133,440,000 DESCRIPTION COP, Series 2016 direct placement $ Total $ 284,195,000 25,850,000 236,125,000 Annual debt service requirements to maturity for certificates of participation are as follows: Governmental Activities COP, Series 2016 – Direct Placement Year Ending June 30 2021 2022 2023 2024 2025 Total COP, Series 2018A COP, Series 2020 Principal $ 6,335,000 6,420,000 6,505,000 6,590,000 Interest $ 306,214 220,118 132,874 44,482 Principal $ 13,905,000 14,600,000 15,330,000 16,100,000 16,900,000 Interest $ 3,494,125 2,781,500 2,033,250 1,247,500 422,500 $ 25,850,000 $ 703,688 $ 76,835,000 $ 9,978,875 Principal 45,015,000 43,135,000 45,290,000 Interest $ 4,751,214 3,342,875 1,132,250 $ 133,440,000 $9,226,339 $ Capital Leases The County has entered into various lease-purchase agreements, which are non-cancellable, for the acquisition of the following equipment: Governmental Activities Vehicles, Computer Systems, and Equipment Construction in Progress - Vehicles $ Total Capital Assets 7,738,702 2,737,988 10,476,690 Less: Accumulated Depreciation (1,846,768) Net Value of Leased Capital Assets $ 8,629,922 These lease-purchase agreements require the County to pay all maintenance costs. At the time of the final principal and interest payments, title to the leased equipment transfers to the County. These leases are contingent on budgetary appropriations each fiscal year. The assets are capitalized at total principal cost. The following schedule details debt service requirements to maturity for the County’s capital leases payable at June 30, 2020. 61 Notes to the Financial Statements (Continued) Governmental Activities Year Ending June 30 2021 $ 2022 400,855 20,770,136 Total minimum lease payments 21,170,991 Less: amount representing interest (387,141) Present value of net minimum lease payments $ 20,783,850 The present value of net minimum lease payments at June 30, 2020, of $20,783,850 exceeds the net value of leased assets of $8,629,922 because a portion of the assets acquired through capital leases are for computer related equipment that is below the County’s capitalization threshold. Housing Authority of Maricopa County Loans Payable The Authority executed a repayment agreement in 2015 with HUD totaling $468,781 to repay HCV HAP funds as determined by a HUD Quality Assurance Division review. The agreement bears no interest and will call for equal quarterly payments over a period of 25 years from nonfederal sources of $4,687 commencing January 1, 2016. The outstanding balance was $379,713 as of June 30, 2020. The Authority obtained financing for predevelopment expenses in relation to the development of Watson Homes and Norton Circle in the amount of $200,000. The notes bear zero interest and are due upon receipt of construction or permanent financing, but no later than December 16, 2018. The outstanding balance was $100,000 as of June 30, 2020, with the remaining balance extended until 2021. The Authority obtained financing for renovation work at Casa Bonitas with FirstBank in the amount of $3,880,841. The loan bears interest at 5.40%, payable in monthly interest only payments through May 2019, at which time the loan converted to permanent financing. Payments of principal and interest of $20,790 are due until maturity in November 2035. The loan is collateralized by various real estate parcels known as Casa Bonitas. The outstanding balance was $3,829,989 as of June 30, 2020. Promissory note payable to FirstBank for the Rose Terrace I property dated December 21, 2012, for $2,619,600. The note bears interest at 4.75% through January 1, 2018. The rate then increases to the greater of 6.00% or the 5-year Treasury Rate plus 3.00%. Monthly installments of principal and interest are payable in the amount of $13,793 through January 1, 2018. The payment amount was then adjusted to fully amortize the unpaid principal balance over the remaining life of the loan. The maturity date is October 1, 2022. The outstanding balance of the loan was $2,298,267 as of December 31, 2019. Promissory note payable to Community Service of Arizona, Inc., with an original amount of $570,000. The note bears interest at 0.50% commencing on the payment due date as defined in the note agreement. The outstanding loan balance shall be paid at the earlier of the date of sale of the property; breach of covenant, condition or restriction; or 15 years after the date of the project completion. Payments are contingent on positive cash flow of the Partnership. Note is collateralized by investment in real estate. For the year ended December 31, 2019, the accrued interest totaled $50,437. Promissory note payable to Maricopa County in the original amount of $450,000. The note bears interest at 2% with principal payments of $31,486 are due annually on June 30th beginning in 2020 and subject to net cash flow as defined in the agreement. The loan is due in full no later than the 17th year following project completion estimated at January 2036 and is secured by the project known as Father Fidelis. The balance at June 30, 2020, was $450,000. The Authority drawn on the line of credit with BBVA Bank in the amount of $350,000 on June 8, 2020. The outstanding balance was $350,000 as of June 30, 2020. Permanent loan payable to CDT II, LLC in the original amount of $1,410,540. The permanent loan requires monthly principal and interest payments of $8,294 with interest at 5.82%. The loan matures on October 1, 2035, and is secured by a first lien on the property. If the loan is prepaid at any time prior to 62 Notes to the Financial Statements (Continued) June 1, 2035, a prepayment penalty is due. The balance of the loan was $1,373,004 as of December 31, 2019. Second mortgage payable to the Arizona Department of Housing (ADOH). The mortgage bears interest at 2% per annum, commencing January 1, 2017, with annual payments of principal and interest due in the amount of $43,437, commencing January 1, 2018, and maturing September 29, 2037. The mortgage is nonrecourse debt secured in second priority by the project's rental property. The balance of the second mortgage was $249,600 as of December 31, 2019. Third mortgage payable due to the Maricopa County in the original amount of $320,000. The mortgage bears no interest, payable in annual payments of $16,000, commencing June 1, 2018, through maturity on June 1, 2038. The loan is nonrecourse debt secured in third priority by the project's rental property. The balance of the mortgage was $313,463 as of December 31, 2019. Permanent loan payable to CDT II, LLC in the original amount of $1,521,500. The permanent loan requires monthly principal and interest payments of $8,947 with interest at 5.82%. The loan matures on October 1, 2035, and is secured by a first lien on the property. If the loan is prepaid at any time prior to June 1, 2035, a prepayment penalty is due. The balance of the loan was $1,481,011 as of December 31, 2019. Note payable due to the Maricopa County in the original amount of $200,000. The note bears no interest, payable in annual payments of $10,000, commencing June 1, 2018, through maturity on June 1, 2038. The loan note mortgage was $200,000 as of December 31, 2019. Section 221(d)(4) HUD-insured loan payable to Red Mortgage Capital, in the maximum amount of $14,150,000, which accrues interest at 3.98% per annum. The note is payable in monthly installments commencing December 1, 2017, and has a maturity date of December 1, 2057. The loan is secured in first priority by a Multifamily Deed of Trust. The balance was $13,849,956 as of December 31, 2019. Second mortgage totaling $1,000,000 due to ADOH for construction of the project. The mortgage bears interest at 2% per annum, with annual payments of principal and interest of $36,339 subject to surplus cash flow commencing June 30, 2018, until maturity on June 30, 2057. The loan is nonrecourse debt secured in second priority by the project's rental property. The balance was $900,000 as of December 31, 2019. Community Development Block Grant (CDBG) loan totaling $650,000 due the City of Phoenix for construction of the project. The loan is payable in annual installments $38,840 subject to surplus cash flow, until maturity on December 31, 2057, and bears simple interest at a rate of 4% per annum. The loan is nonrecourse debt secured in third priority by the project's rental property. The total balance was $1,087,554 as of December 31, 2019. Construction loan payable to JPMorgan Chase Bank, dated June 28, 2018, with a maximum principal amount of $13,700,000. The note bears interest at a variable rate of 2.5%. Monthly installments of interest are payable beginning August 10, 2018. The note matures June 27, 2020, at which time $1,000,000 will convert to permanent loan and remaining principal and interest shall be due. The loan requires monthly payments of $4,167 including an interest rate of 6.01% and matures December 2035. The note is secured by the mortgage on the rental property. The balance at December 31, 2019 was $3,688,941. Home note payable to Maricopa County, dated June 27, 2018, for the original loan amount of $300,000. This loan does not bear interest. The note matures July 1, 2048, at which time all remaining principal shall be due. The balance at December 31, 2019 was $300,000. Home note payable to Arizona Department of Housing, dated June 27, 2018, for the original loan amount of $335,742. The note bears simple interest at 3.05% annually beginning January 1, 2020. Annual installments of principal and interest are payable beginning June 1, 2021, and shall be paid in the amount greater of 1. $1,000 or 2. Surplus Cash Flow. The note matures June 1, 2050, at which time all remaining 63 Notes to the Financial Statements (Continued) principal and interest shall be due. As of December 31, 2019, only $239,283 of the loan proceed had been drawn. Annual debt service requirements to maturity for Housing Authority loans payable are as follows: Business-type Activities Year Ending June 30 2021 2022 2023 2024 2025 2026-30 2031-35 2036-40 2041-45 $ $ Total Principal 3,538,380 417,516 2,551,090 391,211 405,857 19,905,758 621,957 3,003,969 574,690 31,410,428 Funding Source for Governmental Activities Liabilities Governmental Activities Liabilities Funding Source Certificates of participation County Improvement Debt Fund Capital leases County Improvement Debt Fund, General Fund, Recorders Surcharge Fund Claims and judgments General Fund, Transportation Operations Fund and Flood Control Fund (nonmajor special revenue funds) Reported and incurred but not reported claims Risk Management Fund and Employee Benefits Trust Fund (internal service funds) Liability for closure and postclosure costs General Fund Net pension and other postemployment benefits liabilities Various funds Legal Debt Margin County indebtedness pertaining to general obligation bonds may not exceed six percent of the value of the County’s taxable property ascertained by the last assessment. However, with voter approval, the County may become indebted for an amount not to exceed fifteen percent of such taxable property. At June 30, 2020, the allowable six and fifteen percent limits were $2,591,659,584 and $6,479,148,959, respectively. The County had no outstanding general obligation debt at June 30, 2020 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, 2020, the County had no arbitrage liability. 64 Notes to the Financial Statements (Continued) NOTE 14 – MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS The County has five landfills which are subject to closure and postclosure care requirements. 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. The County’s last remaining landfill stopped accepting waste May 2007 and the final cover was completed in October 2010. At June 30, 2020, the County updated the estimates required to pay for maintenance and monitoring at the County's five landfill sites, in accordance with generally accepted accounting principles. The County estimated these costs to be approximately $10,121,751. The County’s estimate for closure and postclosure care requirements for the five landfills are subject to change due to inflation, changes in technology, changes in regulations, or results of an investigational study. All associated closure and postclosure costs will be paid from the General Fund. These amounts are based on what it would cost to perform all closure and postclosure care and remedial investigation costs in fiscal year 2020. According to Federal and State laws and regulations, the County must comply with the local government financial test requirements that ensure the County can meet the costs of landfill closure, postclosure, and corrective action when needed. The County is in compliance with these requirements. NOTE 15 – MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT On July 1, 2019, the County maintained a $35,000,000 municipal revolving line of credit with a qualified interest rate of 61% and a non-qualified interest rate of 66% of the bank’s prime rate, which had a maturity date of June 30, 2020. Outstanding principal and interest are due on June 30 of each year. During fiscal year 2020, the County had not borrowed against the line of credit. The municipal revolving line of credit was renewed to June 30, 2021. On July 1, 2019, the County maintained a $12,937,811 irrevocable standby letter of credit issued to the Industrial Commission of Arizona for unfunded workers’ compensation claims. On January 1, 2020, the letter of credit was increased to $14,552,488. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2020, the letter of credit had not been drawn upon. The irrevocable standby letter of credit was renewed to June 30, 2021. However, an amendment will be issued on January 1, 2021, for the new liability amount. NOTE 16 – 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 $11,743,831 for the year ended June 30, 2020. These operating leases have remaining lease terms from one to eleven years. Also, they provide renewal options and are contingent on budgetary appropriations each fiscal year. The future minimum rental payments required under these operating leases as of June 30, 2020, are as follows: Year Ending June 30 2021 2022 2023 2024 2025 2026-2030 2031 Total minimum payments required 65 Governmental Activities $ 5,866,370 4,173,756 3,646,233 1,775,166 1,188,436 1,508,817 69,600 $ 18,228,378 Notes to the Financial Statements (Continued) NOTE 17 – 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 resulting from these risks 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: developed paid loss, developed reported incurred losses, developed case reserves, frequency times severity analysis, loss rate analysis, and the Bornhuetter-Ferguson method. Accrued actuarial liabilities are based on a discounted expected confidence level assuming a 2.0 percent annual rate of return on investments. Accrued actuarial liabilities at June 30, 2020, 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 $ $ 1,588,000 16,045,000 18,654,000 2,182,000 112,000 149,000 619,000 1,959,020 24,570,661 4,486,000 70,364,681 Changes in the unpaid claims liability reported in the Risk Management Trust Fund follow: Year 2017-18 2018-19 2019-20 $ Balance July 1 74,498,549 76,995,586 64,940,972 Current-Year Claims And Changes In Estimates $ 18,355,104 7,155,306 20,685,617 Claims Payments $ (15,858,067) (19,209,920) (15,261,908) Balance June 30 $ 76,995,586 64,940,972 70,364,681 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, behavioral health, and vision claims) to eligible employees and their dependents. Accrued actuarial liabilities at June 30, 2020, for each insurable area follow: Medical Dental Short-term disability Behavioral health Vision Pharmacy Total $ $ 14,483,343 538,129 396,859 266,856 77,706 70,956 15,833,849 Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2017-18 2018-19 2019-20 Balance July 1 $ 14,544,612 12,437,152 14,439,413 Current-Year Claims and Changes In Estimates $ 141,278,161 152,951,923 160,130,988 66 Claims Payments $ (143,385,621) (150,949,662) (158,736,552) Balance June 30 $ 12,437,152 14,439,413 15,833,849 Notes to the Financial Statements (Continued) NOTE 18 – POLLUTION REMEDIATION OBLIGATIONS Maricopa County 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. These obligations are categorized under environmental property damage and environmental liability in Note 17 – Risk Management. At June 30, 2020, the County reported $26,147,643 of reported but unpaid claims, which is composed of the following pollution remediation obligations. Landfill – The County entered into a Consent Decree with ADEQ to remediate contaminated groundwater at a County landfill. A Remedial Action Plan was approved by ADEQ in November 2016. The County’s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The estimate consists of a groundwater remediation program, a soil vapor extraction system and continued mandated monitoring and reporting to ADEQ. A portion of County property adjacent to a municipal landfill is on 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(a)(8), due to suspected groundwater contamination. The County is responsible for 27.78% of the remediation costs. The County’s reported pollution remediation liability is an estimate provided by a professional environmental consultant. The groundwater extraction and soil vapor extraction treatment systems will continue to be run until the groundwater and soil meet cleanup levels. The County pollution remediation liability is subject to change due to changes in the cost of goods and services, changes in remediation technology, or changes in laws and regulations governing the remediation effort. The County has no estimated recoveries at this time. NOTE 19 – PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS The County contributes to the pension plans described below. The plans are component units of the State of Arizona. At June 30, 2020, the County reported the following aggregate amounts related to pensions and other postemployment benefits (OPEB) for all plans to which it contributes: Statement of Net Position and Statement of Activities Net pension and OPEB asset Net pension and OPEB liability Deferred outflows of resources related to pensions and OPEB Deferred inflows of resources related to pensions and OPEB Pension and OPEB expense Governmental Activities $ 16,637,315 Business-Type Activities $ Total $ 16,637,315 1,877,262,004 2,865,124 1,880,127,128 382,854,241 326,653 383,180,894 94,010,803 142,279,240 315,399 81,590 94,326,202 142,360,830 The details of the OPEB plans are not disclosed in the note below as the amounts are not material. The County’s accrued payroll and employee benefits includes $6,201,144 of outstanding pension contribution amounts payable to all pension plans for the year ended June 30, 2020. Also, the County reported $155,574,948 of pension contributions as expenditures in the governmental funds related to all pension plans to which it contributes. A. Arizona State Retirement System Plan description—County employees not covered by the other pension plans described below participate in the Arizona State Retirement System (ASRS). The ASRS administers a cost-sharing multiple-employer defined benefit pension plan. The Arizona State Retirement System Board governs 67 Notes to the Financial Statements (Continued) the ASRS according to the provisions of A.R.S. Title 38, Chapter 5, Article 2. The ASRS issues a publicly available financial report that includes its financial statements and required supplementary information. The report is available on its website at www.azasrs.gov. Benefits provided—The ASRS provides retirement and survivor benefits. State statute establishes benefit terms. Retirement benefits are calculated on the basis of age, average monthly compensation, and service credit as follows: Years of service and age required to receive benefit Final average salary is based on Retirement Initial membership date: On or after July 1, 2011 Before July 1, 2011 Sum of years and age equals 80 30 years, age 55 10 years, age 62 25 years, age 60 5 years, age 50* 10 years, age 62 any years, age 65 5 years, age 50* any years, age 65 Highest 36 consecutive months Highest 60 consecutive of last 120 months months of last 120 months Benefit percent per year of service *With actuarially reduced benefits. 2.1% to 2.3% 2.1% to 2.3% Retirement benefits for members who joined the ASRS prior to September 13, 2013, are subject to automatic cost-of-living adjustments based on excess investment earnings. Members with a membership date on or after September 13, 2013, are not eligible for cost-of-living adjustments. Survivor benefits are payable upon a member’s death. For retired members, the retirement benefit option chosen determines the survivor benefit. For all other members, the beneficiary is entitled to the member’s account balance that includes the member’s contributions and employer’s contributions, plus interest earned. Contributions—In accordance with State statutes, annual actuarial valuations determine active member and employer contribution requirements. The combined active member and employer contribution rates are expected to finance the costs of benefits employees earn during the year, with an additional amount to finance any unfunded accrued liability. For the year ended June 30, 2020, statute required active ASRS members to contribute at the actuarially determined rate of 11.94 percent of the members’ annual covered payroll for retirement, and statute required the County to contribute at the actuarially determined rate of 11.45 percent of the active members’ annual covered payroll. In addition, the County was required by statute to contribute at the actuarially determined rate of 10.29 percent of annual covered payroll of retired members who worked for the County in positions that an employee who contributes to the ASRS would typically fill. The County’s contributions to the pension plan for the year ended June 30, 2020, were $62,456,719. During fiscal year 2020, the County paid for ASRS pension contributions as follows: 60 percent from the General Fund, 12 percent from major funds, and 28 percent from other funds. Pension liability—At June 30, 2020, the County reported a liability of $740,981,614 for its proportionate share of the ASRS’ net pension liability. The net pension liability was measured as of June 30, 2019. The total pension liability used to calculate the net pension liability was determined using update procedures to roll forward the total pension liability from an actuarial valuation as of June 30, 2018, to the measurement date of June 30, 2019. The County’s proportion of the net pension liability was based on the County’s actual contributions to the plan relative to the total of all participating employers’ contributions for the year ended June 30, 2019. The County’s proportion measured as of June 30, 2019, was 5.1 percent, which was an increase of 0.2 from its portion measured as of June 30, 2018. 68 Notes to the Financial Statements (Continued) Pension expense and deferred outflows/inflows of resources—For the year ended June 30, 2020, the County recognized pension expense for the ASRS of $70,600,947. At June 30, 2020, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred outflows of resources Differences between expected and actual experience $ 13,386,038 Changes of assumptions or other inputs 3,132,164 Deferred inflows of resources $ 29,507,347 Net difference between projected and actual earnings on plan investments 16,654,720 Changes in proportion and differences between county contributions and proportionate share of contributions 17,051,891 County contributions subsequent to the measurement date 62,456,719 $ Total 139,318 96,026,812 4,544,178 $ 50,845,563 The amount reported as deferred outflows of resources related to ASRS pensions resulting from county contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending June 30, 2021. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as expenses as follows: Year ending June 30 2021 2022 2023 2024 $ (6,115,428) (12,422,232) (3,198,402) 4,460,592 Actuarial assumptions—The significant actuarial assumptions used to measure the total pension liability are as follows: ASRS Actuarial valuation date Actuarial roll forward date Actuarial cost method Investment rate of return Projected salary increases Inflation Permanent benefit increase Mortality rates June 30, 2018 June 30, 2019 Entry age normal 7.5% 2.7–7.2% 2.3% Included 2017 SRA Scale U-MP Actuarial assumptions used in the June 30, 2018, valuation were based on the results of an actuarial experience study for the 5-year period ended June 30, 2016. The long-term expected rate of return on ASRS pension plan investments was determined to be 7.5 percent using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by 69 Notes to the Financial Statements (Continued) adding expected inflation. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table: Long-Term Expected Geometric Real Rate of Return 6.09% 5.36% 1.62% 5.85% Target Allocation 50% 20% 10% 20% 100% Asset Class Equity Credit Interest rate sensitive bonds Real estate Total Discount rate— The discount rate used to measure the ASRS total pension liability was 7.5 percent. The projection of cash flows used to determine the discount rate assumed that contributions from participating employers will be made based on the actuarially determined rates based on the ASRS Board’s funding policy, which establishes the contractually required rate under Arizona statute. Based on those assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the County’s proportionate share of the ASRS net pension liability to changes in the discount rate—The following table presents the County’s proportionate share of the net pension liability calculated using the discount rate of 7.5 percent, as well as what the County’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1 percentage point lower (6.5 percent) or 1 percentage point higher (8.5 percent) than the current rate: 1% Decrease (6.5%) County’s proportionate share of the Net pension liability $ 1,054,588,476 Current Discount Rate (7.5%) $ 740,981,614 1% Increase (8.5%) $ 478,887,005 Pension plan fiduciary net position—Detailed information about the pension plan’s fiduciary net position is available in the separately issued ASRS financial report. B. Public Safety Personnel Retirement System and Corrections Officer Retirement Plan Plan descriptions—County sheriff employees and County attorney investigators who are regularly assigned hazardous duty participate in the Public Safety Personnel Retirement System (PSPRS) or employees who became members on or after July 1, 2017, may participate in the Public Safety Personnel Defined Contribution Retirement Plan (PSPDCRP). Previously, County park rangers participated in the PSPRS; however, the plan currently has no active members and only four inactive members. This plan has not had any active members since fiscal year 2006-07. The net pension liability for this plan of $510,725 is included in the County’s total net pension liability; however, the details of this plan are not disclosed in the note below as there are no active members and it is not material. The PSPRS administers agent and cost-sharing multiple-employer defined benefit pension plans. A nine-member board known as the Board of Trustees and the participating local boards govern the PSPRS according to the provisions of A.R.S. Title 38, Chapter 5, Article 4. County sheriff employees who are PSPRS members participate in the agent plan. County attorney investigators who were PSPRS members before July 1, 2017, participate in the agent plan, and those who became PSPRS members on or after July 1, 2017, participate in the cost-sharing plan (PSPRS Tier 3 Risk Pool), which is not further disclosed because of its relative insignificance to the County’s financial statements. 70 Notes to the Financial Statements (Continued) County detention officers and Administrative Office of the Courts (AOC) probation, surveillance, and juvenile detention officers participate in the Corrections Officer Retirement Plan (CORP) or the Public Safety Personnel Defined Contribution Retirement Plan (PSPDCRP). The CORP administers an agent multiple-employer defined benefit pension plan (agent plan), which was closed to new members as of July 1, 2018, and a cost-sharing multiple-employer defined benefit pension plan for AOC officers (costsharing plan). Employees who were CORP members before July 1, 2018, participate in CORP, and AOC probation and surveillance officers who became members on or after July 1, 2018, participate in CORP or PSPDCRP. Detentions officers who became members on or after July 1, 2018, participate in PSPDCRP. The PSPRS Board of Trustees and the participating local boards govern CORP according to the provisions of A.R.S. Title 38, Chapter 5, Article 6. The PSPRS issues a publicly available financial report that includes financial statements and required supplementary information for the PSPRS and CORP plans. The report is available on the PSPRS website at www.psprs.com. Benefits provided—The PSPRS and CORP provide retirement, disability, and survivor benefits. State statute establishes benefit terms. Retirement, disability, and survivor benefits are calculated on the basis of age, average monthly compensation, and service credit as follows: PSPRS Initial membership date: On or after January 1, 2012 and before July 1, 2017 Before January 1, 2012 Retirement and disability Years of service and age required to receive benefit Final average salary is based on 20 years of service, any age 15 years of service, age 62 Highest 36 consecutive months of last 20 years 25 years of service or 15 years of credited service, age 52.5 Highest 60 consecutive months of last 20 years On or after July 1, 2017 15 years of credited service, age 52.5* 15 or more years of service, age 55 Highest 60 consecutive months of last 15 years Benefit percent Normal retirement 1.5% to 2.5% per year of credited service, not to exceed 80% 50% less 2.0% for each year of credited service less than 20 years OR plus 2.0% to 2.5% for each year of credited service over 20 years, not to exceed 80% Accidental disability retirement 50% or normal retirement, whichever is greater Catastrophic disability retirement 90% for the first 60 months then reduced to either 62.5% or normal retirement, whichever is greater Ordinary disability retirement Normal retirement calculated with actual years of credited service or 20 years of credited service, whichever is greater, multiplied by years of credited service (not to exceed 20 years) divided by 20 Survivor Benefit Retired members 80% to 100% of retired member’s pension benefit Active members 80% to 100% of accidental disability retirement benefit or 100% of average monthly compensation if death was the result of injuries received on the job *With actuarially reduced benefits. 71 Notes to the Financial Statements (Continued) CORP Initial membership date: Before January 1, 2012 Retirement and disability Years of service and age required to receive benefit Final average salary is based on On or after January 1, 2012 and before July 1, 2018 AOC probation and surveillance officers: On or after July 1, 2018 25 years, age 52.5 10 years, age 62 10 years, age 52.5* 10 or more years, age 55 Sum of years and age equals 80 20 years, any age 10 years, age 62 Highest 36 consecutive months of last 10 years Highest 60 consecutive months of last 10 years Benefit percent Normal retirement 2.0% to 2.5% per year of credited service, not to exceed 80% Accidental disability retirement 50% or normal retirement if more than 20 years of credited service 2.5% per year of credited service, not to exceed 80% 1.25% to 2.25% per year of credited service, not to exceed 80% 50% or normal retirement if more than 25 years of credited service Total and permanent disability retirement 50% or normal retirement if more than 25 years of credited service Ordinary disability retirement 2.5% per year of credited service Survivor benefit Retired members 80% of retired member’s pension benefit Active members 40% of average monthly compensation or 100% of average monthly compensation if death was the result of injuries received on the job. If there is no surviving spouse or eligible children, the beneficiary is entitled to 2 times the member’s contributions. *With actuarially reduced benefits. Retirement and survivor benefits are subject to automatic cost-of-living adjustments based on inflation. PSPRS also provides temporary disability benefits of 50 percent of the member’s compensation for up to 12 months. Employees covered by benefit terms—At June 30, 2020, the following employees were covered by the agent pension plans’ benefit terms: PSPRS Sheriff PSPRS Attorney Investigators CORP Detention Inactive employees or beneficiaries currently receiving benefits 514 19 630 Inactive employees entitled to but not yet receiving benefits 108 4 496 Active employees 591 10 1,754 Total 1,213 33 2,880 72 Notes to the Financial Statements (Continued) Contributions—State statutes establish the pension contribution requirements for active PSPRS and CORP employees. In accordance with State statutes, annual actuarial valuations determine employer contribution requirements for PSPRS and CORP pension benefits. The combined active member and employer contribution rates are expected to finance the costs of benefits employees earn during the year, with an additional amount to finance any unfunded accrued liability. Contributions rates for the year ended June 30, 2020, are indicated below. Rates are a percentage of active members’ annual covered payroll. Active memberpension County-pension PSPRS Sheriff 7.65%-11.65% 56.83%-61.74% PSPRS Attorney Investigators CORP Detention 7.65%-11.65% 8.41% 46.17% 25.53% CORP AOC 8.41% or 9.90% 27.91% or 30.71% In addition, statute required the County to contribute at the actuarially determined rate indicated below of annual covered payroll of retired members who worked for the County in positions that an employee who contributes to the PSPRS or CORP would typically fill and employees participating in the PSPDCRP in addition to the County’s required contributions to the PSPDCRP. Pension PSPRS Sheriff 46.63% PSPRS Attorney Investigators CORP Detention 30.73% 17.79% CORP AOC 22.96% The County’s contributions to the pension plans for the year ended June 30, 2020, were: Pension PSPRS Sheriff $ PSPRS Attorney Investigators CORP Detention CORP AOC 32,315,977 1,377,237 25,084,557 22,028,084 During fiscal year 2020, the County paid for PSPRS and CORP pension contributions as follows: 51 percent from the General Fund, 48 percent from major funds, and 1 percent from other funds. Pension liability—At June 30, 2020, the County reported the following liabilities: Net pension liability PSPRS Sheriff PSPRS Attorney Investigators CORP Detention CORP AOC (County’s proportionate share) $ 358,716,320 3,565,056 275,467,410 254,496,651 The net pension liabilities were measured as of June 30, 2019, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The total pension liabilities as of June 30, 2019, reflect changes of actuarial assumptions to decrease the investment rate of return from 7.4 percent to 7.3 percent and update the mortality rates. Pension actuarial assumptions—The significant actuarial assumptions used to measure the total pension liability are as follows: 73 Notes to the Financial Statements (Continued) PSPRS and CORP Actuarial valuation date Actuarial cost method Investment rate of return Wage inflation Price inflation Cost-of-living adjustment Mortality rates June 30, 2019 Entry age normal 7.3% 3.5% 2.5% 1.75% PubS-2010 tables Actuarial assumptions used in the June 30, 2019, valuation were based on the results of an actuarial experience study for the 5-year period ended June 30, 2016. The long-term expected rate of return on PSPRS and CORP pension plan investments was determined to be 7.3 percent using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expenses and inflation) are developed for each major asset class. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table: PSPRS and CORP Asset class Short term investments Risk parity Fixed income Real assets GTS Private credit Real estate Private equity Non-U.S. equity U.S. equity Total Target allocation 2% 4% 5% 9% 12% 16% 10% 12% 14% 16% 100% Long-term expected geometric real rate of return 0.25% 4.01% 3.00% 6.75% 4.01% 5.36% 4.50% 8.40% 5.00% 4.75% Pension discount rates—At June 30, 2019, the discount rate used to measure the PSPRS and CORP total pension liabilities was 7.3 percent, which was a decrease of 0.1 from the discount rate used as of June 30, 2018. The projection of cash flows used to determine the discount rates assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between the actuarially determined contribution rate and the member rate. Based on those assumptions, the pension plans’ fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. 74 Notes to the Financial Statements (Continued) Changes in the net pension liability PSPRS Sheriff Pension Increase (decrease) Total pension liability (a) Balances at June 30, 2019, adjusted $ Plan fiduciary net position (b) 573,551,881 $ Net pension (asset) liability (a) - (b) 240,136,989 $ 333,414,892 Service cost 13,413,866 13,413,866 Interest on the total pension liability 42,374,413 42,374,413 Differences between expected and actual experience in the measurement of the pension liability 9,575,440 9,575,440 Changes of assumptions or other inputs 10,594,310 10,594,310 Contributions – employer 31,940,779 (31,940,779) Contributions – employee 5,603,052 (5,603,052) Net investment income 13,212,001 (13,212,001) Benefit payments, including refunds of employee contributions (28,677,092) (28,677,092) Administrative expenses (230,325) 230,325 Other changes 131,094 (131,094) 47,280,937 21,979,509 25,301,428 620,832,818 $ 262,116,498 $ 358,716,320 Net Changes $ Balance at June 30, 2020 PSPRS Attorney Investigators Pension Increase (decrease) Total pension liability (a) Balances at June 30, 2019, adjusted $ 12,247,882 $ Plan fiduciary net position (b) 7,752,768 $ Net pension (asset) liability (a) - (b) 4,495,114 Service cost 385,172 385,172 Interest on the total pension liability 902,532 902,532 Differences between expected and actual experience in the measurement of the pension liability 79,273 79,273 Changes of assumptions or other inputs 95,767 95,767 Contributions – employer 1,667,991 (1,667,991) Contributions – employee 226,878 (226,878) Net investment income 447,760 (447,760) Benefit payments, including refunds of employee contributions (873,347) (873,347) Administrative expenses (8,782) 8,782 Other changes 58,955 (58,955) 1,519,455 (930,058) 9,272,223 $ 3,565,056 Net changes Balance at June 30, 2020 589,397 $ 12,837,279 $ 75 Notes to the Financial Statements (Continued) CORP Detention Pension Increase (decrease) Total pension liability (a) Balances at June 30, 2019 $ Plan fiduciary net position (b) 502,309,142 $ 267,519,929 $ Net pension (asset) liability (a) - (b) 234,789,213 Service cost 15,808,183 15,808,183 Interest on the total pension liability 37,503,283 37,503,283 Differences between expected and actual experience in the measurement of the pension liability 21,019,595 21,019,595 Changes of assumptions or other inputs 14,587,736 14,587,736 Contributions – employer 25,575,779 (25,575,779) Contributions – employee 8,168,768 (8,168,768) Net investment income 14,832,150 (14,832,150) Benefit payments, including refunds of employee contributions (22,632,403) (22,632,403) Administrative expenses (265,412) 265,412 Other changes (70,685) 70,685 66,286,394 25,608,197 40,678,197 568,595,536 $ 293,128,126 $ 275,467,410 Net changes Balance at June 30, 2020 $ The County’s proportion of the CORP AOC net pension liability was based on the County’s actual contributions to the pension plans relative to the total of all participating counties’ actual contributions for the year ended June 30, 2019. The County’s proportion measured as of June 30, 2019, was 60.3 percent, which was an increase of 1.4 from its proportion measured as of June 30, 2018. Sensitivity of the County’s net pension liability to changes in the discount rate—The following table presents the County’s net pension liabilities calculated using the discount rate of 7.3 percent, as well as what the County’s net pension liability would be if it were calculated using a discount rate that is 1 percentage point lower (6.3 percent) or 1 percentage point higher (8.3 percent) than the current rate: 1% Decrease (6.3%) Current Discount Rate (7.3%) 1% Increase (8.3%) $ 441,333,160 $ 358,716,320 $ 291,069,268 4,836,933 3,565,056 2,485,983 CORP Detention Net pension liability 362,039,216 275,467,410 205,881,744 CORP AOC County’s proportionate share of the net pension liability 326,960,525 254,496,651 195,434,352 PSPRS Sheriff Net pension liability PSPRS Attorney Investigators Net pension liability Pension plan fiduciary net position—Detailed information about the plans’ fiduciary net position is available in the separately issued PSPRS and CORP financial reports. 76 Notes to the Financial Statements (Continued) Pension expense—For the year ended June 30, 2020, the County recognized the following pension expense: Pension expense PSPRS Sheriff PSPRS Attorney Investigators CORP Detention CORP AOC (County’s proportionate share) $ 48,872,268 705,327 40,058,059 38,151,615 Pension deferred outflows/inflows of resources—At June 30, 2020, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: PSPRS Sheriff Deferred outflows of resources Differences between expected and actual experience $ 11,813,414 $ Changes of assumptions or other inputs 21,780,843 Net differences between projected and actual earnings on plan investments 3,983,596 County contributions subsequent to the measurement date 32,315,977 $ Total PSPRS Attorney Investigators Deferred inflows of resources 69,893,830 $ Deferred outflows of resources Differences between expected and actual experience $ 54,413 Changes of assumptions or other inputs 105,204 Net differences between projected and actual earnings on plan investments 129,535 County contributions subsequent to the measurement date 1,377,237 $ Total CORP Detention 1,666,389 Differences between expected and actual experience $ 18,558,730 25,849,212 Net differences between projected and actual earnings on plan investments 3,902,483 County contributions subsequent to the measurement date 25,084,557 $ Total 77 73,394,982 3,623,109 Deferred inflows of resources $ 4,451 $ 4,451 Deferred outflows of resources Changes of assumptions or other inputs 3,623,109 Deferred inflows of resources $ 12,071,605 $ 12,071,605 Notes to the Financial Statements (Continued) CORP AOC Deferred outflows of resources Differences between expected and actual experience $ 18,184,349 Changes of assumptions or other inputs 16,314,915 Net differences between projected and actual earnings on plan investments 4,784,798 Changes in proportion and differences between county contributions and proportionate share of contributions 5,302,208 County contributions subsequent to the measurement date 22,028,084 $ Total 66,614,354 Deferred inflows of resources $ 7,237,897 $ 7,237,897 The amounts reported as deferred outflows of resources related to pensions resulting from County contributions subsequent to the measurement date will be recognized as a reduction of the net liability in the year ending June 30, 2021. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as expenses as follows: Year ending June 30 2021 2022 2023 2024 2025 PSPRS Sheriff $ 12,492,387 8,174,954 8,276,712 5,010,691 PSPRS Attorney Investigators $ 162,625 49,273 40,105 32,698 CORP Detention $ 11,880,053 5,382,798 7,068,219 5,973,195 5,934,555 CORP AOC $ 12,277,575 8,028,037 8,233,054 8,809,707 PSPDCRP plan—County sheriff employees, County attorney investigators, County detention officers, and AOC probation, surveillance, and juvenile detention officers who are not members of PSPRS or CORP participate in the PSPDCRP. The PSPDCRP is a defined contribution pension plan. The PSPRS Board of Trustees governs the PSPDCRP according to the provisions of A.R.S. Title 38, Chapter 5, Article 4.1. Benefit terms, including contribution requirements, are established by State statute. For the year ended June 30, 2020, active PSPDCRP members were required by statute to contribute at least 9 percent (County sheriff employees and County attorney investigators) or 5 percent (County detention officers, and AOC probation, surveillance, and juvenile detention officers) of the member’s annual covered payroll, and the County was required by statute to contribute 9 percent or 5 percent, respectively, of active members’ annual covered payroll to an individual employee account. Employees are immediately vested in their own contributions and the earnings on those contributions. Employees vest in a portion of the County’s contributions each year as set forth in statute. The plan retains nonvested County contributions when forfeited because of employment terminations. For the year ended June 30, 2020, the County recognized pension expense of $544,182. C. Elected Officials Retirement Plan Plan description—Elected officials and judges participate in the Elected Officials Retirement Plan (EORP), ASRS or the Elected Officials Defined Contribution Retirement System (EODCRS). EORP administers a cost-sharing multiple-employer defined benefit pension plan for elected officials and judges who were members of the plan on December 31, 2013. The plan was closed to new members as of January 1, 2014. The PSPRS Board of Trustees governs the EORP according to the provisions of A.R.S. Title 38, Chapter 5, Article 3. The PSPRS issues a publicly available financial report that 78 Notes to the Financial Statements (Continued) includes financial statements and required supplementary information for the EORP plan. The report is available on PSPRS’s website at www.psprs.com. Benefits provided—The EORP provides retirement, disability, and survivor benefits. State statute establishes benefit terms. Retirement, disability, and survivor benefits are calculated on the basis of age, average yearly compensation, and service credit as follows: Initial membership date: On or after January 1, 2012 Before January 1, 2012 Retirement and disability Years of service and age required to receive benefit 20 years, any age 10 years, age 62 5 years, age 65 5 years, any age* any years and age if disabled 10 years, age 62 5 years, age 65 any years and age if disabled Highest 36 consecutive months of last 10 years Highest 60 consecutive months of last 10 years 4% per year of service, not to exceed 80% 3% per year of service, not to exceed 75% 80% with 10 or more years of service 40% with 5 to 10 years of service 20% with less than 5 years of service 75% with 10 or more years of service 37.5% with 5 to 10 years of service 18.75% with less than 5 years of service Retired Members 75% of retired member’s benefit 50% of retired member’s benefit Active Members and other inactive members 75% of disability retirement benefit 50% of disability retirement benefit Final average salary is based on Benefit percent Normal Retirement Disability Retirement Survivor benefit * With reduced benefits of 0.25% for each month early retirement precedes the member’s normal retirement age, with a maximum reduction of 30%. Retirement and survivor benefits are subject to automatic cost-of-living adjustments based on inflation. In addition, the Legislature may enact permanent one-time benefit increases after a Joint Legislative Budget Committee analysis of the increase’s effects on the plan. Contributions—State statutes establish active member and employer contribution requirements. Statute also appropriates $5 million annually through fiscal year 2043 for the EORP from the State of Arizona to supplement the normal cost plus an amount to amortize the unfunded accrued liability and designates a portion of certain court fees for the EORP. For the year ended June 30, 2020, statute required active EORP members to contribute 7 or 13 percent of the members’ annual covered payroll and the County to contribute at the actuarially determined rate of 61.43 percent of all active EORP members’ annual covered payroll. Also, statute required the County to contribute 49.49 percent to EORP of the annual covered payroll of elected officials and judges who were ASRS members and 55.43 percent to EORP of the annual covered payroll of elected officials and judges who were EODCRS members, in addition to the County’s required contributions to ASRS and EODCRS for these elected officials and judges. In addition, statute required the County to contribute 39.72 percent of annual covered payroll of retired members who worked for the County in positions that an employee who contributes to the EORP would typically fill. The County’s contributions to the pension plan for the year ended June 30, 2020, were $14,032,510. 79 Notes to the Financial Statements (Continued) During fiscal year 2020, the County paid for EORP pension contributions as follows: 97.6 percent from the General Fund and 2.4 percent from other nonmajor funds. Pension liability—At June 30, 2020, the County reported a liability for its proportionate share of the EORP’s net pension liability that reflected a reduction for the County’s proportionate share of the State’s appropriation for EORP. The amount the County recognized as its proportionate share of the net pension liability, the related state support, and the total portion of the net pension liability that was associated with the County were as follows: County’s proportionate share of the EORP net pension liability State’s proportionate share of the EORP net pension liability associated with the County Total $ 240,825,637 $ 22,635,120 263,460,757 The net pension liability was measured as of June 30, 2019, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The total liability as of June 30, 2019, reflect changes of actuarial assumptions to decrease the investment rate of return from 7.4 percent to 7.3 percent and update the mortality rates. The County’s proportion of the net pension liability was based on the County’s required contributions to the plan relative to the total of all participating employers’ required contributions for the year ended June 30, 2019. The County’s proportion measured as of June 30, 2019, was 36.3 percent, which is an increase of 10.2 from its proportion measured as of June 30, 2018. Pension expense and deferred outflows/inflows of resources—For the year ended June 30, 2020, the County recognized pension expense for EORP of ($56,991,642) and revenue of ($1,573,613) for the County’s proportionate share of the State’s appropriation to EORP and the designated court fees. At June 30, 2020, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred outflows of resources $ 5,369,263 757,105 EORP Differences between expected and actual experience Changes of assumptions or other inputs Net difference between projected and actual earnings on pension plan investments Changes in proportion and differences between county contributions and proportionate share of contributions County contributions subsequent to the measurement date Deferred inflows of resources $ 228,392 6,843,638 1,638,436 45,411,115 $ Total 14,032,510 67,208,429 2,545,872 $ 9,617,902 The amounts reported as deferred outflows of resources related to EORP resulting from County contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending June 30, 2021. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to EORP pensions will be recognized in pension expense as follows: Year ending June 30 2021 2022 2023 2024 $ 80 43,093,747 (417,828) 457,530 424,568 Notes to the Financial Statements (Continued) Actuarial assumptions—The significant actuarial assumptions used to measure the total pension liability are as follows: EORP Actuarial valuation date Actuarial cost method Investment rate of return Wage inflation Price inflation Cost-of-living adjustment Mortality rates June 30, 2019 Entry age normal 7.3% 3.75% 2.5 1.75% PubG-2010 tables Actuarial assumptions used in the June 30, 2019, valuation were based on the results of an actuarial experience study for the 5-year period ended June 30, 2016. The long-term expected rate of return on EORP pension plan investments was determined to be 7.3 percent using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expenses and inflation) are developed for each major asset class. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table: Asset class Target allocation Long-term geometric real rate of return Short term investments 2% 0.25% Risk parity 4% 4.01% Fixed income 5% 3.00% Real assets 9% 6.75% GTS 12% 4.01% Private credit 16% 5.36% Real estate 10% 4.50% Private equity 12% 8.40% Non-U.S. equity 14% 16% 100% 5.00% U.S. equity Total 4.75% Discount rate—At June 30, 2019, the discount rate used to measure the EORP total pension liability was 7.3 percent, which was a decrease of 0.1 from the discount rate used as of June 30, 2018. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate, employer contributions will be made at the actuarially determined rates, and State contributions will be made as currently required by statute. Based on those assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the County’s proportionate share of the EORP net pension liability to changes in the discount rate—The following table presents the County’s proportionate share of the net pension liability calculated using the discount rate of 7.3 percent, as well as what the County’s proportionate share of the net pension liability would be if it was calculated using a discount rate that is 1 percentage point lower (6.3 percent) or 1 percentage point higher (8.3 percent) than the current rate: 81 Notes to the Financial Statements (Continued) EORP County’s proportionate share of the net pension liability 1% Decrease (6.3%) $ 275,781,577 Current discount rate (7.3%) $ 240,825,637 1% Increase (8.3%) $ 211,052,583 Pension plan fiduciary net position—Detailed information about the pension plan’s fiduciary net position is available in the separately issued EORP financial report. EODCRS plan—Elected officials and judges who are not members of EORP or ASRS participate in the EODCRS. The EODCRS is a defined contribution pension plan. The PSPRS Board of Trustees governs the EODCRS according to the provisions of A.R.S Title 38, Chapter 5, Article 3.1. Benefit terms, including contribution requirements, are established by State statute. For the year ended June 30, 2020, active EODCRS members were required by statute to contribute 8 percent of the members’ annual covered payroll, and the County was required by statute to contribute 6 percent of active members’ annual covered payroll to an individual employee account. Employees are immediately vested in their own contributions and the County’s contributions to the individual employee account and the earnings on those contributions. For the year ended June 30, 2020, the County recognized pension expense of $287,905. 82 Notes to the Financial Statements (Continued) NOTE 20 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2020, were as follows: Payable To Payable from Coronavirus Relief Fund Nonmajor Governmental Funds Internal Service Funds Total Due From General Fund $ 23,518,077 11,318,756 666,065 $ 35,502,898 Detention Operations Fund $ 53,695,282 $ 53,695,282 Total Due To $ 77,213,359 11,318,756 666,065 $ 89,198,180 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, 2020. Interfund transfers – interfund transfers for the year ended June 30, 2020, were as follows: Transfers In Transfers Out General Fund Detention Operations Fund County Improvement Fund General Fund County Improvements Fund Nonmajor Governmental Funds Internal Service Funds Total Transfers In General Fund $ Detention Operations Fund $ 190,472,566 County Improvement Debt Fund $ 18,071,938 General Fund County Improvements Fund $ 141,286,033 Nonmajor Governmental Funds $ 59,051,383 Internal Service Funds $ 5,000,000 8,198,895 16,889,897 11,973,700 11,537 8,198,895 11,537 55,077,475 71,967,372 3,277,140 91,692,353 35,393 $28,863,597 $193,749,706 Total Transfers Out $413,881,920 $ 73,160,950 $141,286,033 $158,942,631 106,943,193 35,393 $ 5,035,393 $601,038,310 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 Special Revenue Funds Coronavirus Relief Fund Detention Operations $ 35,502,898 Due To Other Funds $ Transfers In $ 28,863,597 Transfers Out $ 413,881,920 77,213,359 53,695,282 193,749,706 Debt Service Funds County Improvement Debt 73,160,950 Capital Projects Funds County Improvement General Fund County Improvement 141,286,033 NONMAJOR FUNDS Special Revenue Funds Air Quality Grants Animal Control Field Operations Animal Control License/Shelter Cactus League Operations Clerk of the Court Grants County Attorney Grants Emergency Management Environmental Service Environmental Health Environmental Service Grants Flood Control Human Services Grants Law Library Fees Library District Non-Departmental Grants 8,198,895 11,537 71,967,372 1,014,879 956,949 2,408,562 17,866 208,460 1,096,912 51,839 80,537 4,257 33,849,772 6,070,499 644,574 1,000,000 2,000,000 14,208 83 Notes to the Financial Statements (Continued) Due From Other Funds Funds Due To Other Funds Public Defender Grants Public Health Fees Public Health Grants Recorders Surcharge School Grants Sheriff Donations Superior Court Building Repair Superior Court Grants Transportation Operations Transfers Out Transfers In 481,747 822 1,681,588 1,108,515 236,622 373,825 81,807 1,000,000 14,208 925,000 51,420,123 Debit Service Funds Stadium District Debt Service 17,866 Capital Projects Funds Detention Capital Projects Detention Technology Capital Improvement Flood Control Capital Projects Library District Capital Improvement Sheriff MASH Capital Improvement Technology Capital Improvement Transportation Capital Projects 8,198,895 1,508,435 33,849,772 2,000,000 925,000 56,263,390 51,420,123 Internal Service Funds Risk Management Sheriff Warehouse Telecommunications Total 4,785,575 11,491,953 5,035,393 666,065 35,393 $ 89,198,180 84 $ 89,198,180 $ 601,038,310 $ 601,038,310 Notes to the Financial Statements (Continued) NOTE 21 – DISCRETELY PRESENTED COMPONENT UNIT DISCLOSURES The significant accounting disclosures for Maricopa County’s discretely presented component unit, the Industrial Development Authority of Maricopa County (Authority), are presented below. For additional information on the Authority, see Note 1 – Summary of Significant Accounting Policies, Section A – Reporting Entity. A. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The Authority’s financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America applicable to governmental units adopted by the Governmental Accounting Standards Board (GASB). The statement of net position and the statement of activities are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. B. Deposits and Investments Investments in securities are stated at fair value. Deposits and investments at June 30, 2020, consist of the following: Deposits: Cash in bank $ Certificates of deposit 833,454 3,083,554 Investments: Money market 6,443,056 Federal Home Loan Banks 10,366,175 Federal National Mortgage Association 50,133 Federal Farm Credits Banks Funding Corporation 4,999,991 Federal Home Loan Mortgage Corporation 2,545,676 Government National Mortgage Association 90,407 Arizona Community Foundation Down Payment Assistance Investment Notes $ Total deposits and investments: 1,782,138 12,017 30,206,601 Deposits Custodial credit risk is the risk that in the event of a bank failure, the Authority’s deposits may not be returned to it. The Authority places its cash with high-credit quality financial institutions. At various times throughout the year and at year-end, the Authority’s cash balances exceed the federally insured limits. At June 30, 2020, $6,566,999 was uninsured and uncollateralized. Management believes there are no unusual risks associated with current depository institutions. The Authority has no policy concerning exposure to custodial credit risk. Investments Interest Rate Risk – The Authority’s investment policy concerning exposure to interest rate risk is acceptance of no return lower than the market return normally associated with any specific asset class into which the Authority invests. 85 Notes to the Financial Statements (Continued) Estimated maturities of the Authority’s investments consisted of the following at June 30, 2020: Within six months Investment Type Federal National Mortgage Association Six months to one year $ Federal Home Loan Mortgage Corporation $ One to three years $ More than three years $ 50,133 $ 2,545,676 Federal Home Loan Banks 7,707,237 3,000,006 Arizona Community Foundation 1,782,138 90,407 90,407 2,658,938 10,366,175 1,999,985 4,999,991 1,782,138 12,017 Down Payment Assistance Investment Notes Totals: $ 7,327,820 50,133 2,545,676 Government National Mortgage Association Federal Farm Credits Banks Funding Corporation Totals $ $ 9,707,222 $ 12,017 2,811,495 $ 19,846,537 Concentration Risk – The Authority’s investment policy concerning exposure to concentration risk is to diversify investments so as to minimize the risk of large losses, unless under certain circumstances it is clearly prudent not to do so. More than 5% of IDA’s investments at June 30, 2020 were in Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Home Loan Banks, Federal Farm Credits Banks Funding Corporation and the Arizona Community Foundation. These investments were 12.8%, 52.2%, 25.2% and 9.0%, respectively, of the IDA’s total investments. Credit Risk – The Authority’s investment policy concerning exposure to credit risk is acceptance of no risk in excess of market risks normally associated with any specific asset class into which the Authority invests. At June 30, 2020, credit risk for the Authority’s investments was as follows: Moody's Rating Standard and Poor's Rating Federal Home Loan Banks Aaa AA+ Federal National Mortgage Association Aaa AA+ Federal Farm Credit Banks Funding Corporation Aaa AA+ Federal Home Loan Mortgage Corporation Aaa AA+ Government National Mortgage Association Aaa AA+ Investment type Custodial Credit Risk – The Authority has no policy concerning exposure to custodial credit risk. All investments are reported at fair value. Investments are uninsured and unregistered and held by investment brokers in the Authority’s name. The Authority had an unrealized gain in the fair value of investments of $185,156 and realized gain of $107,460 for the year ended June 30, 2020. The unrealized and realized gains are included in unrestricted investment earnings in general revenues in the accompanying Statement of Activities. Fair Value of Investments – In determining fair value, the Authority uses various valuation approaches within the fair value measurement framework. Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability. The fair value measurement framework establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. 86 Notes to the Financial Statements (Continued) The fair value measurements define levels within the hierarchy based on the reliability of inputs as follows: Level 1 – Valuations based on unadjusted quoted prices for identical assets or liabilities in active markets; Level 2 – Valuations based on quoted prices for similar assets or liabilities or identical assets or liabilities in less active markets, such as dealer or broker markets; and Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable, such as pricing models, discounted cash flow models and similar techniques not based on market, exchange, dealer or broker-traded transactions. The Authority’s investments at June 30, 2020, categorized within the fair value hierarchy detailed above were as follows: Fair Value Measurements Using Level 1 Level 2 Total Investments by fair value level Federal Home Loan Banks Federal National Mortgage Association Federal Farm Credits Banks Funding Corporation Federal Home Loan Mortgage Corporation Government National Mortgage Association Total investments by fair value level: External investments measured at net asset value Arizona Community Foundation Down Payment Assistance Investment Notes Totals investments measured at fair value: $ $ $ $ 10,366,175 50,133 4,999,991 2,545,676 90,407 18,052,382 1,782,138 12,017 19,846,537 87 $ $ $ $ 10,366,175 50,133 4,999,991 2,545,676 90,407 18,052,382 Level 3 $ $ 88 Financial Section Required Supplementary Information Required Supplementary Information Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund Year Ended June 30, 2020 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Taxes Licenses and permits $ 607,182,921 $ 607,182,921 $ 610,232,942 $ 3,050,021 1,354,295 1,354,296 1,472,770 118,474 Intergovernmental 805,620,952 805,626,985 813,133,746 7,506,761 Charges for services 52,800,197 56,833,013 77,818,671 20,985,658 Fines and forfeits 11,116,404 11,113,927 10,126,050 (987,877) Interest income 2,400,000 2,659,032 1,483,133,801 2,400,000 2,696,410 1,487,207,552 25,507,449 6,979,645 1,545,271,273 23,107,449 4,283,235 58,063,721 Miscellaneous Total revenues EXPENDITURES General government Assessor 25,941,695 26,442,783 24,610,560 1,832,223 Assistant County Manager 1,150,211 1,186,462 974,981 211,481 Board of Supervisors 2,145,820 2,209,240 2,069,887 139,353 Budget 1,693,747 1,753,304 1,477,570 275,734 County Call Center 1,640,324 1,727,511 1,693,082 34,429 Clerk of the Board 1,647,317 1,703,631 1,516,912 186,719 County Attorney 9,225,948 9,712,691 8,926,825 785,866 County Manager’s Office 4,280,863 4,409,324 3,480,312 929,012 Elections 13,148,398 21,671,765 20,106,027 1,565,738 Enterprise Technology 65,492,880 65,867,919 51,879,366 13,988,553 Equipment Services (1) 712,524 712,524 2,023,117 (1,310,593) Facilities Management 41,549,049 42,132,805 38,890,846 3,241,959 Finance 3,894,006 4,041,848 3,828,097 213,751 Human Resources 11,696,713 11,985,900 11,115,586 870,314 Internal Audit 2,349,215 2,416,683 2,166,614 250,069 Non Departmental 52,722,481 49,594,021 (12,982,325) 62,576,346 Procurement Services 2,610,313 2,695,831 2,474,153 221,678 5,527,714 6,928,779 254,357,997 5,746,591 7,145,136 263,155,969 5,725,432 7,114,931 177,091,973 21,159 30,205 86,063,996 Recorder Treasurer Total general government Public safety Adult Probation 63,734,729 66,838,242 66,525,131 313,111 Clerk of Superior Court 36,366,917 38,312,608 38,226,505 86,103 Constables 3,834,556 3,867,990 3,852,380 15,610 County Attorney 89,838,730 92,855,916 88,225,909 4,630,007 County Manager’s Office 518,246 533,635 474,006 59,629 Emergency Management 3,160,555 3,227,506 3,124,174 103,332 Equipment Services (1) 3,921,876 3,921,876 2,299,431 1,622,445 Facilities Management 8,414,025 8,388,897 5,847,560 2,541,337 Justice Courts 20,387,600 21,287,823 20,394,283 893,540 Juvenile Probation 20,251,779 21,216,061 20,266,142 949,919 Legal Advocate 14,382,611 14,907,897 The notes to the budgetary comparison schedules is an integral part of this schedule. 14,259,087 648,810 (continued) 91 Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund (Continued) Year Ended June 30, 2020 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) Public safety (cont.) Legal Defender Non Departmental $ 14,337,154 55,758,532 $ 14,928,495 26,836,457 $ 14,831,340 3,264,135 $ 97,155 23,572,322 Planning and Development 1,268,462 1,268,462 916,400 352,062 Public Advocate 10,132,916 10,511,314 9,783,493 727,821 Public Defender 45,051,795 46,839,110 44,567,678 2,271,432 Public Defense Services 52,045,878 51,051,798 44,081,271 6,970,527 Public Fiduciary 4,120,236 4,261,329 4,222,534 38,795 Sheriff Superior Court 162,956,605 100,011,732 710,494,934 170,279,403 104,675,755 706,010,574 129,730,579 100,387,099 615,279,137 40,548,824 4,288,656 90,731,437 111,672 111,672 67,925 43,747 Total public safety Highways and Streets Transportation Health, welfare and sanitation Air Quality 1,119,037 1,119,037 1,113,455 5,582 Animal Care and Control 1,066,360 1,066,360 1,029,907 36,453 Correctional Health 3,781,500 3,802,503 2,824,072 978,431 Environmental Services 9,640,414 9,793,186 9,477,118 316,068 Facilities Management 55,000 55,000 30,813 24,187 Human Services 3,940,220 3,988,962 3,394,609 594,353 Medical Examiner 12,054,453 12,535,807 11,870,694 665,113 Non Departmental 273,027,727 14,533,873 271,384,802 14,988,605 271,105,612 14,119,098 279,190 869,507 319,218,584 318,734,262 314,965,378 3,768,884 918,891 916,455 916,454 1 918,891 916,455 916,454 1 2,841,625 121,328 2,906,930 2,906,720 210 Non Departmental Total education 2,962,953 2,906,930 2,906,720 210 1,288,065,031 1,291,835,862 1,111,227,587 180,608,275 195,068,770 195,371,690 434,043,686 238,671,996 Public Health Total health, welfare and sanitation Culture and recreation Parks and Recreation Total culture and recreation Education Superintendent of Schools Total expenditures Excess of revenues over expenditures The notes to the budgetary comparison schedules is an integral part of this schedule. 92 (continued) Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund (Continued) Year Ended June 30, 2020 OTHER FINANCING SOURCES (USES) Transfers in $ Transfers out 28,381,850 $ 28,863,597 $ 28,863,597 $ (435,158,151) (435,942,818) (413,881,920) 13,496,875 22,060,898 13,496,875 (406,776,301) (407,079,221) (371,521,448) 35,557,773 Net change in fund balances (211,707,531) (211,707,531) 62,522,238 274,229,769 Fund balance, July 1, 2019 211,707,531 211,707,531 240,360,714 28,653,183 Capital lease agreements Total other financing uses Change in nonspendable resources: Decrease in inventories Fund balance, June 30, 2020 $ $ $ 685,516 303,568,468 $ 685,516 303,568,468 The notes to the budgetary comparison schedules are an integral part of this schedule. (1) As the County budgets at the department level, a department may be over budget in one expenditure function but remain within budget across all expenditure functions. 93 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Coronavirus Relief Fund Year Ended June 30, 2020 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Intergovernmental $ $ 30,935,900 Interest income $ 98,365,180 6,082,332 $ 67,429,280 6,082,332 30,935,900 104,447,512 73,511,612 Adult Probation 865,000 375,784 489,216 Air Quality 25,000 Animal Care and Control 82,000 75,354 6,646 Assessor 40,000 37,366 2,634 Assistant County Manager 100,000 99,069 931 Budget 22,000 14,887 7,113 County Call Center 20,000 17,177 2,823 Clerk of the Board 14,000 9,484 4,516 Clerk of the Superior Court 625,000 540,694 84,306 Total revenues EXPENDITURES Health, welfare and sanitation 25,000 Constables 15,000 8,105 6,895 Correctional Health 400,000 13,094,483 (12,694,483) County Attorney 1,550,000 1,316,901 233,099 County Manager 45,000 43,918 1,082 Deputy County Manger 10,000 4,437 5,563 1,764,767 Elections 2,075,000 310,233 Emergency Management 15,000 13,179 1,821 Enterprise Technology 425,000 415,605 9,395 Environmental Services 150,000 164,112 (14,112) Equipment Services 130,000 63,010 66,990 Facilities Management 150,000 203,143 (53,143) Finance 20,000 1,459 18,541 Flood Control District 75,000 49,320 25,680 Human Resources 30,000 45,925 (15,925) Human Services 1,325,000 1,705,146 (380,146) Integrated Criminal Justice Information 5,000 3,426 1,574 Internal Audit 35,000 31,757 3,243 Justice Courts 605,000 188,001 416,999 Juvenile Probation 887,500 564,656 322,844 Library District 300,000 284,972 15,028 Medical Examiner 150,000 18,374 131,626 Non Departmental 5,250,000 3,633,512 1,616,488 Parks and Recreation 150,000 46,054 103,946 Planning and Development 75,000 48,404 26,596 Procurement Services 500,000 212,005 287,995 Public Defense Services 300,000 277,213 22,787 The notes to the budgetary comparison schedules are an integral part of this schedule 94 (continued) Maricopa County Required Supplementary Information Budgetary Comparison Schedule Coronavirus Relief Fund (Continued) Year Ended June 30, 2020 Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) Health, welfare and sanitation (cont.) Public Fiduciary $ $ Public Health 50,000 $ 7,400,000 36,855 $ 5,744,267 13,145 1,655,733 Real Estate 30,400 23,359 7,041 Recorder 450,000 580,569 (130,569) Risk Management Sheriff 5,000 3,003 1,997 2,765,000 67,548,346 (64,783,346) Superintendent of Schools 7,000 3,491 3,509 Superior Court 3,521,000 732,513 2,788,487 Transportation 215,000 27,000 327,173 29,801 (112,173) (2,801) Total health, welfare and sanitation 30,935,900 98,946,542 (68,010,642) Total expenditures 30,935,900 98,946,542 (68,010,642) 5,500,970 5,500,970 5,500,970 5,500,970 1,554,901 1,554,901 Treasurer Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2020 $ $ The notes to the budgetary comparison schedules are an integral part of this schedule 95 $ 7,055,871 $ 7,055,871 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Detention Operations Fund Year Ended June 30, 2020 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Taxes $ 178,377,215 $ 178,377,215 $ 182,556,542 $ 4,179,327 Intergovernmental 329,067 329,064 156,800 (172,264) Charges for services 24,251,637 24,251,640 19,484,228 (4,767,412) 750,000 750,000 2,739,811 222,924 1,989,811 222,924 203,707,919 203,707,919 205,160,305 1,452,386 1,031,083 Interest income Miscellaneous Total revenues EXPENDITURES Public safety Adult Probation 39,177,972 41,188,629 40,157,546 Emergency Management 48,941 48,941 48,941 Enterprise Technology 2,062,598 2,275,426 2,190,249 Equipment Services 1,050,000 1,184,994 1,120,302 64,692 Facilities Management 27,468,529 27,559,546 19,507,069 8,052,477 85,177 Integrated Criminal Justice Information 1,694,956 1,731,033 1,695,031 36,002 Juvenile Probation 38,964,318 39,994,112 36,616,088 3,378,024 Non Departmental 26,245,828 15,007,804 765,017 14,242,787 Sheriff 221,065,098 227,595,363 181,493,704 46,101,659 357,778,240 356,585,848 283,593,947 72,991,901 68,199,194 312,151 68,511,345 69,859,094 312,151 70,171,245 53,906,986 53,906,986 15,952,108 312,151 16,264,259 426,289,585 426,757,093 337,500,933 89,256,160 (222,581,666) (223,049,174) (132,340,628) 90,708,546 Transfers in 217,480,589 217,948,097 193,749,706 (24,198,391) Transfers out (4,759,667) (4,759,667) (8,198,895) 1,842,196 (3,439,228) 1,842,196 212,720,922 213,188,430 187,393,007 (25,795,423) Total public safety Health, welfare, and sanitation Correctional health Non Departmental Total health welfare and sanitation Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Capital lease agreements Total other financing sources Net change in fund balances (9,860,744) (9,860,744) 55,052,379 64,913,123 Fund balance, July 1, 2019 37,723,619 37,723,619 38,725,493 1,001,874 324,529 324,529 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2020 $ 27,862,875 $ 27,862,875 The notes to the budgetary comparison schedules are an integral part of this schedule 96 $ 94,102,401 $ 66,239,526 Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules June 30, 2020 NOTE 1 - BUDGETARY BASIS OF ACCOUNTING Budgeting and Budgetary Control Arizona Revised Statutes (A.R.S.) require 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. However, in the General Fund, Coronavirus Relief Fund, and Detention Operations Fund, the County records capital outlay and debt service expenditures by the expenditure function and department. 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, Children’s Issues Education, Emancipation Administrative Costs, Justice Courts Photo Enforcement, Street Lighting District, Stadium District Debt Service, Intergovernmental Capital Projects, 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, Coronavirus Relief Fund, and the Detention Operations Fund, each fund includes only one department. NOTE 2 – EXPENDITURES IN EXCESS OF APPROPRIATIONS For the year ended June 30, 2020, expenditures exceeded final budget amounts at the department level as follows: Excess Fund/Department Coronavirus Relief Fund: Correctional Health Environmental Services Facilities Management Human Resources Human Services Recorder Sheriff Transportation Treasurer $ 12,694,483 14,112 53,143 15,925 380,146 130,569 64,783,346 112,173 2,801 The Coronavirus Relief Fund was created to account for U.S. Department of Treasury CARES Act funding and the necessary expenditures due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19). As this was a new source of revenue with specific expenditure guidelines, the County established each department’s estimated budget based on the guidelines initially established by the U.S. Department of Treasury. However, as updated guidance was issued by the U.S. Department of the Treasury which provided clarity on what types of expenditures would be allowable, additional expenditures were incurred by the departments over what was originally budgeted. For Correctional Health and Sheriff, the excesses were primarily the result of public safety and public health salaries that were allocated out of the General and Detention funds to the Coronavirus Relief Fund. The allocation of these salaries was approved by the Board of Supervisors, however, due to the timing of the allocation, the departmental budgets could not be adjusted. 97 Maricopa County Required Supplementary Information Schedule of the County’s Proportionate Share of Net Pension Liability Cost-Sharing Pension Plans June 30, 2020 Arizona State Retirement System Reporting fiscal year (measurement date) 2020 (2019) County's proportion of the net pension liability 2019 (2018) 2018 (2017) 2017 (2016) 2016 (2015) 2015 (2014) 5.1% 4.9% 5.0% 5.1% 5.2% 5.1% County’s proportionate share of the net pension liability $740,981,614 $687,946,426 $772,309,903 $825,659,181 $809,331,280 $748,436,636 County’s covered payroll $515,839,976 $497,392,855 $484,648,435 $477,764,920 $479,712,628 $457,944,565 County’s proportionate share of the net pension liability as a percentage of its covered payroll 143.6% 138.3% 159.4% 172.8% 168.7% 163.4% Plan fiduciary net position as a percentage of the total pension liability 73.2% 73.4% 69.9% 67.1% 68.4% 69.5% Corrections Officer Retirement Plan—Administrative Office of the Courts Reporting fiscal year (measurement date) 2019 (2018) 2020 (2019) County's proportion of the net pension liability 2018 (2017) 2017 (2016) 2016 (2015) 2015 (2014) 60.3% 58.9% 58.6% 58.5% 57.3% 56.0% County’s proportionate share of the net pension liability $254,496,651 $212,174,173 $235,278,988 $165,172,262 $139,409,566 $125,717,900 County’s covered payroll $71,052,917 $70,273,305 $67,273,479 $66,943,949 $65,257,263 $61,821,694 358.2% 301.9% 349.7% 246.7% 213.6% 203.4% 52.0% 53.7% 49.2% 54.8% 57.9% 58.6% County’s proportionate share of the net pension liability as a percentage of its covered payroll Plan fiduciary net position as a percentage of the total pension liability Elected Officials Retirement Plan Reporting fiscal year (measurement date) 2020 (2019) County's proportion of the net pension liability 2019 (2018) 2018 (2017) 2017 (2016) 2016 (2015) 2015 (2014) 36.3% 26.1% 29.2% 32.1% 28.7% 28.0% County’s proportionate share of the net pension liability $240,825,637 $164,732,203 $355,290,457 $303,669,813 $224,240,437 $187,488,213 State’s proportionate share of the net pension liability associated with the County 22,635,120 28,225,796 115,022,979 62,699,965 69,908,836 57,485,628 $263,460,757 $192,957,999 $470,313,436 $366,369,778 $294,149,273 $244,973,841 32,728,218 31,666,783 27,453,840 27,158,658 26,294,214 25,707,192 County’s proportionate share of the net pension liability as a percentage of its covered payroll 805.0% 609.3% 1,713.1% 1,349% 1,119% 952.9% Plan fiduciary net position as a percentage of the total pension liability 30.1% 30.4% 19.7% 23.4% 28.3% 31.9% Total County’s covered payroll *Information for 2011-2014 unavailable 98 Maricopa County Required Supplementary Information Schedule of Changes in the County’s Net Pension Liability and Related Ratios Agent Pension Plans June 30, 2020 PSPRS Sheriff Reporting fiscal year (measurement date) Total pension liability Service cost Interest on the total pension liability Changes of benefit terms Differences between expected and actual experience in the measurement of the pension liability Changes of assumptions or other inputs Benefit payments, including refunds of employee contributions Net change in total pension liability Total pension liability—beginning Total pension liability—ending (a) Plan fiduciary net position Contributions—employer Contributions—employee Net investment income Benefit payments, including refunds of employee contributions Administrative expense Other changes Net change in plan fiduciary net position Plan fiduciary net position—beginning Plan fiduciary net position—ending (b) County’s net pension liability—ending (a) – (b) 2020 (2019) 2019 (2018) 2018 (2017) 2017 (2016) $ 13,413,866 42,374,413 $ 11,345,423 40,107,324 $ 13,198,618 36,942,782 4,589,857 $ 10,803,287 35,085,590 20,847,023 9,575,440 10,594,310 28,743 6,359,832 17,345,618 (12,732,697) 17,688,642 14,238,261 (28,677,092) 47,280,937 573,551,881 $ 620,832,818 (28,495,519) 22,985,971 550,565,910 $ 573,551,881 (27,683,840) 50,752,867 499,813,043 $ 550,565,910 (26,854,711) 44,837,134 454,975,909 $ 499,813,043 (24,192,292) 31,263,469 423,712,440 $ 454,975,909 (21,535,223) 73,457,137 350,255,303 $423,712,440 $ 31,940,779 5,603,052 13,212,001 $ 20,021,150 5,345,050 15,616,477 $ 25,052,855 6,587,195 23,760,529 $ 25,751,005 6,635,173 1,146,484 $ 19,300,393 5,718,569 6,829,419 14,269,254 4,854,094 22,842,521 (28,677,092) (230,325) 131,094 21,979,509 240,136,989 $ 262,116,498 (28,495,519) (238,381) 123,309 12,372,086 227,766,687 $ 240,138,773 (27,683,840) (210,641) 109,523 27,615,621 200,151,066 $ 227,766,687 (26,854,711) (165,373) 65,796 6,578,374 193,572,692 $ 200,151,066 (24,192,292) (166,999) 60,926 7,550,016 186,022,676 $ 193,572,692 (21,535,223) (183,966) (319,075) 19,927,605 166,095,071 $186,022,676 $ 358,716,320 $ 333,413,108 $ 322,799,223 $ 299,661,977 $ 261,403,217 $237,689,764 42.2% 41.9% 41.4% 40.1% 42.6% 43.9% $ 53,880,062 $ 52,850,657 $55,883,688 $ 53,433,053 $ 50,323,844 $ 42,465,860 630.9% 577.6% 560.8% 519.4% 559.7% $ 8,569,277 32,648,223 $ 7,480,509 26,943,394 8,426,465 11,002,881 Plan fiduciary net position as a percentage of the total pension liability Covered payroll 2015 (2014) 2016 (2015) County’s net pension liability as a percentage of covered payroll 665.8% 41,139,111 PSPRS Attorney Investigators Reporting fiscal year (Measurement Date) 2020 (2019) Total pension liability Service cost Interest on the total pension liability Changes of benefit terms Differences between expected and actual experience in the measurement of the pension liability Changes of assumptions or other inputs Benefit payments, including refunds of employee contributions Net change in total pension liability Total pension liability—beginning Total pension liability—ending (a) Plan fiduciary net position Contributions—employer Contributions—employee Net investment income Benefit payments, including refunds of employee contributions Administrative expense $ 2019 (2018) 385,172 902,532 $ 237,953 864,487 2018 (2017) $ 248,675 822,148 (23,853) 2016 (2015) 2017 (2016) $ 266,004 847,697 (118,749) $ 253,874 853,275 2015 (2014) $ 148,216 687,975 361,998 79,273 95,767 5,143 (72,143) 670,559 (262,824) 344,143 (324,461) 406,452 1,360,402 (873,347) 589,397 12,247,882 $ 12,837,279 (845,968) 261,615 11,986,267 $ 12,247,882 (993,510) 651,876 11,334,391 $ 11,986,267 (815,133) 261,138 11,073,253 $ 11,334,391 (904,489) (121,801) 11,195,054 $ 11,073,253 (919,786) 2,045,257 9,149,797 $ 11,195,054 $ $ $ 1,461,247 145,186 686,868 $ 1,398,933 217,009 29,781 $ 1,077,456 147,013 162,028 $ (993,510) (6,478) (815,133) (4,685) (904,489) (4,332) 1,667,991 226,878 447,760 (873,347) (8,782) *Information for 2011-2014 unavailable 99 1,124,841 126,880 486,062 (845,968) (8,098) 875,484 175,233 508,376 (919,786) (4,094) Maricopa County Required Supplementary Information Schedule of Changes in the County’s Net Pension Liability and Related Ratios Agent Pension Plans (Continued) June 30, 2020 PSPRS Attorney Investigators (continued) Reporting fiscal year (Measurement Date) Other changes Net change in plan fiduciary net position Plan fiduciary net position—beginning Plan fiduciary net position—ending (b) $ 2020 (2019) 58,955 1,519,455 7,752,768 9,272,223 County’s net pension liability—ending (a) – (b) $ 3,565,056 Plan fiduciary net position as a percentage of the total pension liability Covered payroll 2019 (2018) 2018 (2017) 2017 (2016) $ 90 883,807 6,869,957 7,753,764 $ 77 1,293,390 5,576,567 6,869,957 $ 32 825,937 4,750,630 5,576,567 $ 4,494,118 $ 5,116,310 $ 5,757,824 72.2% $ County’s net pension liability as a percentage of covered payroll 4,029,625 88.5% 63.3% $ 3,798,904 118.3% 57.3% $ 3,636,066 140.7% $ 2016 (2015) (3,641) 474,035 4,276,595 4,750,630 $ 2015 (2014) 68,762 703,975 3,572,620 4,276,595 $ 6,322,623 $ 6,918,459 49.2% $ 3,893,987 42.9% $ 147.9% 3,247,944 38.2% $ 194.7% 3,313,690 208.8% CORP Detention Reporting fiscal year (measurement date) 2020 (2019) Total pension liability Service cost Interest on the total pension liability Changes of benefit terms Differences between expected and actual experience in the measurement of the pension liability Changes of assumptions or other inputs Benefit payments, including refunds of employee contributions Net change in total pension liability Total pension liability—beginning Total pension liability—ending (a) Plan fiduciary net position Contributions—employer Contributions—employee Net investment income Benefit payments, including refunds of employee contributions Administrative expense Other changes Net change in plan fiduciary net position Plan fiduciary net position—beginning Plan fiduciary net position—ending (b) County’s net pension liability—ending (a) – (b) Plan fiduciary net position as a percentage of the total pension liability Covered payroll County’s net pension liability as a percentage of covered payroll 2019 (2018) 2018 (2017) 2017 (2016) 15,808,183 37,503,283 $ 16,078,305 37,311,464 (28,640,732) $ 15,050,195 30,295,270 71,546,493 $ 14,204,315 29,393,196 1,084,506 21,019,595 14,587,736 (6,990,041) (4,519,288) 9,430,261 (11,595,604) 16,921,282 (3,602,883) 10,839,392 27,217,502 (22,632,403) 66,286,394 502,309,142 568,595,536 (23,239,350) (5,480,354) 507,789,496 $ 502,309,142 (20,850,551) 100,952,380 406,837,116 $ 507,789,496 (21,008,081) 28,999,614 377,837,502 $ 406,837,116 (16,370,870) 22,153,150 355,684,352 $ 377,837,502 $ (16,073,751) 62,307,914 293,376,438 355,684,352 25,575,779 8,168,768 14,832,150 $ 18,023,723 8,487,865 17,773,630 $ 16,136,049 8,227,293 26,109,497 $ 15,892,539 8,277,119 1,315,283 $ $ (22,632,403) (265,412) (70,685) 25,608,197 267,519,929 293,128,126 (23,239,350) (269,599) (177,534) 20,598,735 246,921,194 $ 267,519,929 (20,850,551) (228,785) (259,017) 29,134,486 217,786,708 $ 246,921,194 (21,008,081) (186,382) (95,749) 4,194,729 213,591,979 $ 217,786,708 (16,370,870) (185,964) (101,256) 11,789,646 201,802,333 $ 213,591,979 (16,073,751) (191,360) (72,076) 28,171,968 173,630,365 $ 201,802,333 $ 275,467,410 $ 234,789,213 $ 260,868,302 $ 189,050,408 $ 164,245,523 $ 51.6% 53.3% 48.6% 53.5% 56.5% 56.7% 92,198,723 $104,307,731 $106,256,020 $105,470,072 $ 104,462,671 $ 99,925,573 298.8% 225.1% 245.5% 179.2% 157.2% 154.0% $ *Information for 2011-2014 unavailable 100 2016 (2015) $ 14,287,455 27,839,448 12,465,970 8,470,324 7,511,442 2015 (2014) $ 13,157,787 22,915,599 4,251,385 11,963,290 8,207,931 24,337,934 153,882,019 Maricopa County Required Supplementary Information Schedule of County Pension Contributions June 30, 2020 Reporting fiscal year Arizona State Retirement System Statutorily required contribution County’s contributions in relation to the statutorily required contribution County’s contribution deficiency (excess) County’s covered payroll County’s contributions as a percentage of covered payroll Corrections Officer Retirement Plan— Administrative Office of the Courts Statutorily required contribution County’s contributions in relation to the statutorily required contribution County’s contribution deficiency (excess) 2020 2019 2018 2017 2016 2015 2014 $62,459,719 $57,600,648 $52,884,110 $ 52,137,019 $51,696,840 $ 52,096,273 $48,882,491 62,456,719 County’s covered payroll County’s contributions as a percentage of covered payroll 479,712,628 10.6% 10.8% 10.8% 10.9% 10.7% $15,669,281 $ 13,204,078 $12,319,262 $ 9,496,405 $ 8,712,921 515,839,976 497,392,855 11.5% 11.2% 22,028,084 $22,666,439 22,028,084 22,666,439 $ $ 52,137,019 $ 15,669,281 $ 51,696,840 13,204,078 $ 12,319,262 $ 8,712,921 9,496,405 $ $ 71,975,534 71,052,917 70,273,305 67,273,479 66,943,949 65,257,263 61,821,694 30.6% 31.9% 22.3% 19.6% 18.4% 14.6% 14.1% $14,032,510 $16,310,970 $6,542,613 $ 6,159,790 $ 6,065,753 $ 6,033,621 $ 5,957,431 14,032,510 16,310,970 $ $ 6,542,613 $ 24,148,819 32,728,218 31,666,783 27,453,840 27,158,658 26,294,214 25,707,192 58.1% 49.8% 0.0% 22.4% 22.3% 22.9% 23.2% $32,315,977 $30,654,710 $28,038,980 $ 25,010,275 $25,739,331 $ 18,736,372 $14,269,254 30,654,710 20,277,318 $ 7,761,662 $ $ 32,315,977 $ $ 6,159,790 6,065,753 $ 25,010,275 25,739,331 $ 5,957,431 6,033,621 $ $ 14,269,254 18,736,372 $ $ 51,773,513 53,880,062 52,850,657 55,883,688 53,433,053 50,323,844 42,465,860 62.4% 56.9% 38.4% 44.8% 48.2% 37.2% 33.6% $ 1,377,237 $ 1,622,619 $ 1,223,363 $ 1,461,227 $ 1,399,472 $ 1,052,103 $ 1,377,237 1,622,619 4,041,539 4,029,625 1,104,357 119,006 3,798,904 34.1% 40.3% $ 25,084,557 $ $ County’s covered payroll County’s contributions as a percentage of covered payroll CORP Detention Actuarially determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) 477,764,920 541,868,155 County’s covered payroll County’s contributions as a percentage of covered payroll PSPRS Attorney Investigators Actuarially determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) 484,648,435 $ 457,944,565 $ County’s covered payroll County’s contributions as a percentage of covered payroll PSPRS Sheriff Actuarially determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) 48,882,491 $ 52,884,110 $ County’s covered payroll County’s contributions as a percentage of covered payroll Elected Officials Retirement Plan Statutorily required contribution County’s contributions in relation to the statutorily required contribution County’s contribution deficiency (excess) 52,096,273 $ 57,600,648 $ $ 1,399,472 $ 875,484 1,052,103 $ 875,484 $ 3,636,066 3,893,987 3,247,944 3,313,690 29.1% 40.2% 35.9% 32.4% 26.4% $24,700,209 $18,380,097 $ 16,132,787 $15,896,136 $ 12,444,879 $11,963,290 24,700,209 16,132,787 $ 12,444,879 $ 104,462,671 $ 106,256,020 15,896,136 $ 105,470,072 15.2% 15.1% 11.9% 25,084,557 99,862,066 92,198,723 18,380,097 $ 104,307,731 25.1% 26.8% 17.6% $ $ 1,461,227 $ See accompanying notes to the pension plan schedule *Information for 2011-2013 unavailable 101 11,963,290 99,925,573 12.0% Maricopa County Required Supplementary Information Notes to Pension Plan Schedules Year Ended June 30, 2020 NOTE 1 – ACTUARIALLY DETERMINED CONTRIBUTION RATES Actuarial determined contribution rates for PSPRS and CORP are calculated as of June 30 2 years prior to the end of the fiscal year in which contributions are made. The actuarial methods and assumptions used to establish the contribution requirements are as follows: Actuarial cost method Amortization method Remaining amortization period as of the 2018 actuarial valuation Asset valuation method Actuarial assumptions: Investment rate of return Projected salary increases Wage growth Retirement age Mortality Entry age normal PSPRS members with initial membership date before July 1, 2017, and CORP members with initial membership date before July 1, 2018: Level percent-of-pay, closed PSPRS members with initial membership on or after July 1, 2017: Level dollar closed PSPRS members with initial membership date before July 1, 2017, and CORP members with initial membership date before July 1, 2018: 18 years PSPRS members with initial membership on or after July 1, 2017: 10 years PSPRS members with initial membership date before July 1, 2017, and CORP members with initial membership date before July 1, 2018: 7-year smoothed market value; 80%/120% market corridor PSPRS members with initial membership on or after July 1, 2017: 5-year smoothed market value; 80%/120% market corridor PSPRS members with initial membership date before July 1, 2017, and CORP members with initial membership date before July 1, 2018: In the 2017 actuarial valuation, the investment rate of return was decreased from 7.5% to 7.4%. In the 2016 actuarial valuation, the investment rate of return was decreased from 7.85% to 7.5%. In the 2013 actuarial valuation, the investment rate of return was decreased from 8.0% to 7.85%. PSPRS members with initial membership dates on or after July 1, 2017: 7% In the 2017 actuarial valuation, projected salary increases were decreased from 4.0%–8.0% to 3.5%–7.5% for PSPRS and from 4.0%– 7.25% to 3.5%–6.5% for CORP. In the 2014 actuarial valuation, projected salary increases were decreased from 4.5%–8.5% to 4.0%– 8.0% for PSPRS and from 4.5%–7.75% to 4.0%–7.25% for CORP. In the 2013 actuarial valuation, projected salary increases were decreased from 5.0%–9.0% to 4.5%–8.5% for PSPRS and from 5.0%–8.25% to 4.5%–7.75% for CORP. In the 2017 actuarial valuation, wage growth was decreased from 4.0% to 3.5% for PSPRS and CORP. In the 2014 actuarial valuation, wage growth was decreased from 4.5% to 4.0% for PSPRS and CORP. In the 2013 actuarial valuation, wage growth was decreased from 5.0% to 4.5% for PSPRS and CORP. Experience-based table of rates that is specific to the type of eligibility condition. Last updated for the 2012 valuation pursuant to an experience study of the period July 1, 2006–June 30, 2011. In the 2017 actuarial valuation, changed to RP-2014 tables, with 75% of MP-2016 fully generational projection scales. RP-2000 mortality table (adjusted by 105% for both males and females) 102 Maricopa County Required Supplementary Information Notes to Pension Plan Schedules (Continued) Year Ended June 30, 2020 NOTE 2 – FACTORS THAT AFFECT TRENDS Arizona courts have ruled that provisions of a 2011 law that changed the mechanism for funding permanent pension benefit increases and increased employee pension contribution rates were unconstitutional or a breach of contract because those provisions apply to individuals who were members as of the law’s effective date. As a result, the PSPRS, CORP, CORP–AOC, and EORP changed benefit terms to reflect the prior mechanism for funding permanent benefit increases for those members and revised actuarial assumptions to explicitly value future permanent benefit increases. PSPRS and EORP also reduced those members’ employee contribution rates. These changes are reflected in the plans’ pension liabilities for fiscal year 2015 (measurement date 2014) for members who were retired as of the law’s effective date and fiscal year 2018 (measurement date 2017) for members who retired or will retire after the law’s effective date. These changes also increased the PSPRS-, CORP-, and CORP–AOC-required pension contributions beginning in fiscal year 2016 for members who were retired as of the law’s effective date. These changes increased the PSPRS-, CORP-, and CORP–AOC-required contributions beginning in fiscal year 2019 for members who retired or will retire after the law’s effective date. EORP-required contributions are not based on actuarial valuations, and therefore, these changes did not affect them. Also, the County refunded excess employee contributions to PSPRS and EORP members. PSPRS and EORP allowed the County to reduce its actual employer contributions for the refund amounts. As a result, the County’s pension contributions were less than the actuarially or statutorily determined contributions for 2018. The fiscal year 2019 (measurement date 2018) pension liabilities for EORP and CORP reflect the replacement of the permanent benefit increase (PBI) for retirees based on investment returns with a cost of living adjustment based on inflation. Also, the EORP liability and required pension contributions for fiscal year 2019 reflect a statutory change that requires the employer contribution rate to be actuarially determined. This change increased the discount rate used to calculate the liability thereby reducing the total pension liability. 103 Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets Year Ended June 30, 2020 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (71-100) Roadway System FY 2019 85% FY 2020 80% FY 2018 91% FY 2017 92% FY 2016 92% Percentage of Lane Miles in Substandard Condition < 55 Roadway System FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 4% 5% 1% 0% 0% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 $ 15,171,864 $ 18,345,252 $ 24,011,356 $ 19,705,496 $ 41,492,218 $ 35,255,255 $ 23,860,625 $ 24,310,649 $ 23,380,436 $ 19,392,076 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 2020 100% FY 2019 100% FY 2018 100% FY 2017 92% FY 2016 92% FY 2017 0% FY 2016 0% Percentage of Bridges with a Sufficiency Rating < 50 Bridge System FY 2020 0% FY 2019 0% FY 2018 0% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2020 $ 1,590,000 $ 4,224,795 $ $ FY 2019 2,088,000 2,613,282 $ $ FY 2018 1,508,463 1,404,296 FY 2017 $ 250,659 $ 137,596 $ $ FY 2016 495,512 22,287 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). 104 Financial Section N onmajor 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. (Fund 509 is for financial statement roll up purposes, off Advantage - Formerly Regional School District 509). 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 §131810, 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. §25354. 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. §41-2421(F) 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 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. Clerk of the Court Judicial Enhancement – (Fund 202) 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 107 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. Clerk of the Court SRF — (Fund 274) The Clerk of Court SRF 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). Conciliation Court Fees — (Fund 257) Accounts for the monies collected under A.R.S. §12-284(E) 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) Correction Health Grants was set up to account for all Correctional Health specific grant activity. County Attorney Fill the Gap — (Fund 221) County Attorney Fill the Gap was set up as indicated by A.R.S. §41-2421(F) 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 funds that 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. Court Document Retrieval — (Fund 205) Accounts for the collection of an additional filing or appearance fee, not to exceed $15, 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. 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 relation’s case, pursuant to A.R.S. §12-284. Educational Supplemental Program — (Fund 790) Established to collect Title VI-B monies received from the Arizona Department of Education. 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 Administration Fund was established by A.R.S. §122456 consisting of filing fees for a petition for emancipation of a minor pursuant to section 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. 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. 108 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. This fund is part of the Maricopa County Flood Control District, a legally separate entity, which is a blended component unit of Maricopa County. Flood Control Grants — (Fund 989) General Government Grants was set up to account for all non-department specific grant activity. This fund is part of the Maricopa County Flood Control District, a legally separate entity, which is a blended component unit 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. 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 Photo Enforcement — (Fund 237) Established by the Board of Supervisors on November 4, 2009 (C24-10-001-M-00) to account for the Justice Courts fee revenue and operating expenditures associated with photo radar traffic enforcement. 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 a user’s charge to be added to the Defensive Driving School Diversion Fee as of March 1, 1998. Juvenile Probation Diversion — (Fund 275) The Juvenile Probation Diversion fund was established by A.R.S. §11-537 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. 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. Library District — (Funds 244) Provides and maintains library services for the residents of Maricopa County. Operations are funded by a secondary tax levy. This fund is part of the Maricopa County Library District, a legally separate entity, which is a blended component unit of Maricopa County. Library District Grants — (Fund 242) Library District Grants was set up to account for all grant activity administered by the County Library District. This fund is part of the Maricopa County Library District, a legally separate entity, which is a blended component unit of Maricopa County. 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. 109 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Non-Departmental Grants — (Fund 249) Non-Departmental Grants was set up to account for all non-department specific grant activity. Officer Safety Equipment — (Fund 206) Accounts for the assessments that are received by the County for investigations or issued citations pursuant to A.R.S. §12-116.04. The monies in the fund should be used to supplement, not supplant, monies available for officer safety equipment. Palo Verde — (Fund 207) Palo Verde receives an annual allocation from the State of Arizona. Expenditures are utilized for nuclear disaster training. Parks and Recreation Grants — (Fund 230) Accounts for the grant funds that are utilized for state lake improvements, park restoration and the construction and maintenance of hiking trails. Parks Donations — (Fund 243) Accounts for donations and contributions activities provided for by citizens or groups. Parks Enhancement — (Fund 241) Accounts for park and recreation revenues and expenditures associated with enhancing parks and recreation programs pursuant to A.R.S. §11-941. Parks Souvenir — (Fund 239) Accounts for sales proceeds of sundry items at the Maricopa County Parks. Planning and Development Fees — (Fund 226) Performs mandated community planning functions. Funding is provided mainly through license and impact fees. Probate Fees — (Fund 256) Administers the monies received by the Clerk of the Superior Court pursuant to A.R.S. §145314 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. §41-2421(F) 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 Fees — (Fund 265) Accounts for public health programs that are self-supported by Vital Health fees and pharmacy operations. Public Health Grants — (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. 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) Accounts for management of centralized billings paid by Superintendent of Schools for multiple school districts. School Grants — (Fund 715) Accounts for all grant activity administered by the Superintendent of Schools. 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. 110 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Sheriff Jail Enhancement — (Fund 214) Per A.R.S. §41-2401, the Arizona State Department of Corrections allocates criminal justice enhancement fund to County Sheriffs for the purpose of enhancing County Jail facilities and operations. Sheriff RICO — (Fund 212) This fund consists of monies received as result of participation in any investigation or prosecution, whether by final judgment, settlement, or otherwise. Monies may be used for the funding of gang prevention programs, substance abuse prevention programs, substance abuse education programs, and witness protection or for any purposes permitted by federal law relating to the disposition of any property that is transferred to a law enforcement agency. Sheriff Towing and Impound — (Fund 258) Accounts for the fees collected for the removal, immobilization, impoundment, storage, and release of a vehicle pursuant to A.R.S. § 28-3513. The monies in the fund shall be used for the purpose implemented in A.R.S. §28-872. Small School Service — (Fund 669) Established per A.R.S. §15-365 to account for service programs operated through the County School Superintendent. 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 of marriage or legal separation. The clerk will use the surcharge only for the purposes prescribed by this statute. 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. Street Lighting District — (Fund 992) Provides street lighting in unincorporated areas of Maricopa County. Operations are funded by special assessment. Superior Court Building Repair — (Fund 280) This fund was set up to segregate costs for additions, alterations and repairs for the Superior Court Building. Superior Court Fill the Gap — (Fund 264) Superior Court Fill the Gap was set up as indicated by A.R.S. §41-2421(F) 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. Superior Court Grants — (Fund 238) Grant funds are used for drug enforcement accounting, court appointed special advocates and case processing assistance. Superior Court 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. Superior 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. Taxpayer Information — (Fund 741) Consist of monies collected from the public records copy surcharge imposed under A.R.S. §11-496, the tax-lien-processing fee imposed pursuant to A.R.S. §42-18116, $50 of each judgment-deed fee collected pursuant to A.R.S. §42-18205, interest earned from the elderly assistance fund pursuant to A.R.S. §42-17401 and the community facilities district special assessment fee imposed pursuant to A.R.S. §48-721. The County Treasurer shall administer the fund and spend monies in the fund only to defray the cost of converting or upgrading an automated public information system. (Fund 741 is for financial statement roll up purposes, off Advantage.) 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. 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 (75 percent of the interest earned on restitution monies that are received in 111 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. The 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 Stadium District Debt Service — (Fund 370) Accounts for debt service on Stadium District revenue bonds. This fund is part of the Maricopa County Stadium District, a legally separate entity, which is a blended component unit of Maricopa County. Capital Projects Funds Detention Capital Projects – (Fund 455) Accounts for construction associated with the 1/5 of one-cent sales tax approved by voters in the General Election on November 3, 1998, 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. Detention Technology Capital Improvement — (Fund 461) Established by the Board of Supervisors 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. This fund is part of the Maricopa County Library District, a legally separate entity, which is a blended component unit of Maricopa County. Sheriff MASH Capital Donation Fund — (Fund 430) Set up administratively to track capital project activity for the Sheriff’s Office MASH unit and is primarily funded by donations. Special Improvement Districts — (Fund 993) Accounts for capital projects financed by the issuance of special assessment bonds. Technology Capital Improvement Fund – (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. 112 113 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2020 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 $ $ $ $ $ $ Cash and investments held by County Treasurer 331,316 2,369,788 Receivables 25,429 10,973,783 4,540 41,030 Due from other funds Due from other governmental units 217,076 1,069,866 Inventories Miscellaneous 1,110 Cash and investments held by trustee – restricted Total assets $ 331,316 $ 2,374,328 $ 242,505 $ 11,015,923 $ 1,069,866 $ $ 27,646 $ 65,806 $ 230,592 $ $ $ LIABILITIES Accounts payable Employee compensation payable 7,684 300,731 66,271 50,211 12,100 Accrued liabilities Due to other funds 1,014,879 Interest payable Special assessment debt with governmental commitment Unearned revenue 11,913 4,778 Deposits held for other parties 280,966 Contract retention payable 27,646 Total liabilities 65,806 250,189 647,968 1,081,968 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 62,218 369,905 62,218 369,905 FUND BALANCES Nonspendable Restricted 303,670 2,308,522 303,670 2,308,522 10,367,955 Committed (69,902) Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 331,316 $ 2,374,328 114 $ (382,007) (69,902) 10,367,955 (382,007) 242,505 $ 11,015,923 $ 1,069,866 $ SPECIAL REVENUE FUNDS Animal Animal Control Grants Control License/Shelter $ $ 328,069 2,480 Ballpark Operations $ Cactus CDBG Check Child League Operations Housing Trust Enforcement Program Support Enhancement $ $ 673,439 2,841,129 5,283,098 3,312 10,543 19,604 8,135 $ 117,037 $ 7,389 1,242,132 4,608 378,778 1,375,365 70,915 $ 336,204 $ 750,146 $ 2,851,672 $ 5,681,480 $ 1,492,402 $ $ 1,058 $ 125,274 $ 526 $ 378,778 $ 1,300,767 $ 323 57,435 4,336 7,389 $ 1,246,740 $ 314 26 1,103 335,146 191,635 336,527 182,735 526 378,778 496,496 2,851,146 5,302,702 567,411 2,851,146 5,302,702 1,496,738 1,417 8,135 8,135 70,915 (8,458) 336,204 1,246,740 5,972 1,246,740 (4,336) (8,458) $ 5,972 $ 750,146 $ 2,851,672 $ 5,681,480 (4,336) $ 1,492,402 $ 7,389 $ 1,246,740 (continued on next page) 115 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2020 SPECIAL REVENUE FUNDS Children’s Clerk of the Clerk of Clerk of the Clerk of Issues Education Court Fill The Gap the Court Grants Judicial Enhancement the Court SRF ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 8,614 12,811 2,965,814 5,119,844 10,760 18,264 $ 2,976,574 $ 5,138,108 $ 37,820 Receivables Due from other funds Due from other governmental units 208,460 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 8,614 $ 12,811 $ 208,460 LIABILITIES Accounts payable $ $ Employee compensation payable $ 12,811 $ 21,881 786 16,220 38,606 38,101 2,937,968 5,100,007 2,937,968 5,100,007 2,976,574 $ 5,138,108 Accrued liabilities Due to other funds 208,460 Interest payable Special assessment debt with governmental commitment Unearned revenue Deposits held for other parties Contract retention payable 12,811 Total liabilities 208,460 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax 145,162 Unavailable revenue – intergovernmental 145,162 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 8,614 Committed (145,162) Unassigned 8,614 Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 8,614 116 (145,162) $ 12,811 $ 208,460 $ SPECIAL REVENUE FUNDS Conciliation Correctional County County County Court Criminal Court Fees Health Grants Attorney Fill the Gap Attorney Grants Attorney RICO Document Retrieval Justice Enhancement $ $ 1,577,857 $ 120,437 $ $ 310,652 4,794,778 $ 259,274 $ 2,002,374 5,759 Diversion $ 44,227 62,673 7,181 1,179,895 $ 1,583,616 $ $ $ 120,437 $ 310,652 $ 482 $ $ 47,124 1,179,895 $ 5,054,052 $ 25,560 $ 1,969 $ 27,794 2,009,555 $ 44,227 $ $ $ 62,673 36,453 5,678 11,047 26,220 1,090,888 5,678 11,047 62,673 3,963,164 2,003,877 33,180 3,963,164 2,003,877 33,180 1,096,912 120,437 57,424 1,088,919 120,919 47,124 1,207,690 248,039 248,039 1,583,616 263,528 (482) 1,583,616 $ 1,583,616 (275,834) (482) $ 120,437 263,528 $ 310,652 (275,834) $ 1,179,895 $ 5,054,052 $ 2,009,555 $ 44,227 $ 62,673 (continued on next page) 117 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2020 SPECIAL REVENUE FUNDS Domestic Environmental Relations Educational Mediation Education Supplemental Program Emancipation Elections Grants Services Administrative Costs Emergency Management Environmental Health $ $ $ ASSETS Cash in bank and on hand $ $ $ 1,050 Cash and investments held by County Treasurer 158,625 443,407 20 8,956 14,189,796 Receivables 55,432 Due from other funds Due from other governmental units 439,894 Inventories Miscellaneous 93 Cash and investments held by trustee – restricted Total assets $ 158,625 $ 443,407 $ 20 $ $ $ 8,956 $ 439,987 $ 14,246,278 LIABILITIES Accounts payable $ $ Employee compensation payable $ 3,478 4,001 5,340 $ 143,510 105,343 Accrued liabilities Due to other funds 51,839 Interest payable Special assessment debt with governmental commitment Unearned revenue 20 384,147 20 445,327 Deposits held for other parties Contract retention payable 3,478 Total liabilities 248,853 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax 222,390 Unavailable revenue – intergovernmental 222,390 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 158,625 439,929 8,956 Committed 13,997,425 (227,730) Unassigned 158,625 Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 158,625 439,929 $ 443,407 $ 118 8,956 20 $ (227,730) 13,997,425 8,956 $ 439,987 $ 14,246,278 SPECIAL REVENUE FUNDS Environmental Expedited Services Grants Child Support $ $ Flood Control $ 300,734 440 Flood Human Inmate Control Grants Services Grants Health Services $ 30,529,743 $ $ 32,387 1,797,796 4,257 23,672 Justice Court Inmate Services $ Judicial Enhancement $ 812,829 10,995,522 3,625,621 2,738 39,805 13,280 23,358 1,194,352 8,566,102 470,087 162,342 810 $ 4,257 $ $ 300,734 $ 530 $ 32,798,876 $ 56,059 $ 8,566,102 $ 838,925 $ 12,392,021 $ $ $ 11,799 $ 1,762,535 $ 20,461 $ 773,190 $ 1,017,488 104,672 117,468 3,638,901 36,564 331 6,070,499 4,257 4,257 530 1,050 44,260 552,293 1,123,541 56,059 8,502,795 20,461 809,754 818,464 11,419,925 3,638,901 818,464 11,582,267 3,638,901 748,829 3,162,162 748,829 3,162,162 470,087 300,204 30,456,419 300,204 30,926,506 300,734 $ 32,798,876 162,342 (3,098,855) $ 4,257 $ (3,098,855) $ 56,059 $ 8,566,102 $ 838,925 $ 12,392,021 $ 3,638,901 (continued on next page) 119 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2020 SPECIAL REVENUE FUNDS Justice Justice Courts Courts Juvenile Juvenile Probation Juvenile Photo Enforcement Special Revenue Probation Diversion Probation Grants Special Fees ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 8,226 4,142,974 Receivables 120,799 820,530 791,351 14,124 2,713 Due from other funds Due from other governmental units 23,256 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 8,226 $ 4,157,098 $ $ 3,499 $ 120,799 $ 843,786 $ 794,064 $ 129,132 $ 7,278 LIABILITIES Accounts payable $ Employee compensation payable 2,926 13,443 Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue 362,285 Deposits held for other parties Contract retention payable 3,499 2,926 504,860 7,278 8,226 4,153,599 117,873 338,926 786,786 8,226 4,153,599 117,873 338,926 786,786 Total liabilities DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources FUND BALANCES Nonspendable Restricted Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 8,226 $ 120 4,157,098 $ 120,799 $ 843,786 $ 794,064 SPECIAL REVENUE FUNDS Lake Juvenile Restitution $ $ 95,344 $ 95,344 $ Pleasant Law Recreation Services Library Fees 1,410 $ 2,000 Library District $ 6,360 1,616,145 2,351,267 15,427,135 6,051 8,408 571,271 $ 2,361,675 $ 16,004,766 $ $ 12,404 $ 22,223 $ 855,654 $ 23,515 Non- Examiner Grants Departmental Grants $ 329,637 1,623,606 3,762 Medical District Grants $ $ 11,111 Library 329,637 $ 40,991 $ 40,991 $ 141,588 $ 141,588 $ 1,344 87,782 25,985 306 943,436 329,637 40,991 140,245 329,637 40,991 141,895 377,808 377,808 95,344 1,600,091 2,335,690 14,683,522 95,344 1,600,091 2,335,690 14,683,522 (307) $ 95,344 $ 1,623,606 $ 2,361,675 $ 16,004,766 (307) $ 329,637 $ 40,991 $ 141,588 (continued on next page) 121 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2020 SPECIAL REVENUE FUNDS Parks and Officer Safety Equipment Palo Verde Recreation Grants Parks Donations Parks Enhancement Parks Souvenir ASSETS Cash in bank and on hand $ $ $ $ $ 500 $ Cash and investments held by County Treasurer Receivables 612,106 1,029,393 2,266 3,894 34 495,010 2,660,106 30,851 10,479 Due from other funds Due from other governmental units Inventories Miscellaneous 88 Cash and investments held by trustee – restricted Total assets $ 614,372 $ $ 29,357 $ 1,033,287 $ 23 $ 34 $ 495,010 $ 2,671,173 $ $ 46 $ 26,073 $ 30,851 LIABILITIES Accounts payable Employee compensation payable 2,902 371 25,949 1,745 46 52,022 2,116 Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue 34 Deposits held for other parties Contract retention payable Total liabilities 29,357 2,925 34 585,015 1,030,362 494,964 2,619,151 28,735 585,015 1,030,362 494,964 2,619,151 28,735 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources FUND BALANCES Nonspendable Restricted Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 614,372 $ 1,033,287 122 $ 34 $ 495,010 $ 2,671,173 $ 30,851 SPECIAL REVENUE FUNDS Planning and Development Fees $ 300 Probate Fees $ 23,273,820 Public Public Public Defender Fill the Gap Defender Grants Defender Training $ 140,864 $ 377,373 $ 2,575,415 Public Public Health Fees $ 313,561 87,782 7,100 23,361,902 $ $ 192,196 $ 140,864 $ 377,373 $ 60,573 $ 3,610,320 $ 5,414 $ Recorder’s Surcharge $ 7,779,555 2,909,611 27,545 11,080 1,034,905 $ Health Grants 10,032,644 344,372 503,792 $ 313,561 $ 8,158,572 $ 10,536,436 $ 2,920,691 $ 20,690 $ 261,326 $ 1,694,468 $ 520,903 28,747 142,498 1,356 1,187 16,784 1,681,588 888,691 3,610,319 5,803,360 166,264 1,307,724 5,414 3,611,675 21,877 290,073 9,321,914 537,687 4,178,135 4,178,135 344,372 140,864 371,959 140,864 371,959 503,792 291,684 7,524,127 2,383,004 291,684 7,868,499 (2,963,613) 313,561 $ 8,158,572 $ 10,536,436 22,054,178 (1,355) 22,054,178 $ 23,361,902 $ 140,864 $ 377,373 (3,467,405) (1,355) $ 3,610,320 $ 2,383,004 $ 2,920,691 (continued on next page) 123 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2020 SPECIAL REVENUE FUNDS School Sheriff Communication Expense School Grants School Transportation Sheriff Donations Sheriff Grants Jail Enhancement ASSETS Cash in bank and on hand $ $ $ $ $ 3,108 $ Cash and investments held by County Treasurer Receivables 2,611,083 1,207,192 9,713 4,480 405,064 107,887 4,086,355 14,797 Due from other funds Due from other governmental units 1,657,150 762,607 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 2,620,796 $ 1,657,150 $ 1,211,672 $ $ 103,482 $ 329,131 $ 405,064 $ 873,602 $ 4,101,152 $ 202,919 $ 787,250 LIABILITIES Accounts payable $ Employee compensation payable 3,467 16,340 8,257 Accrued liabilities Due to other funds 1,108,515 Interest payable Special assessment debt with governmental commitment Unearned revenue 453,496 670,692 Deposits held for other parties Contract retention payable 1,681,833 3,467 Total liabilities 329,131 881,868 787,250 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 1,657,150 516,703 1,657,150 516,703 FUND BALANCES Nonspendable Restricted 2,617,329 882,541 405,064 882,541 405,064 3,313,902 Committed (1,681,833) Unassigned 2,617,329 Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 2,620,796 (524,969) (1,681,833) $ 1,657,150 124 $ 1,211,672 $ 405,064 (524,969) $ 873,602 3,313,902 $ 4,101,152 SPECIAL REVENUE FUNDS Spousal Sheriff RICO $ 60,000 Small Maintenance Spur Cross Street Court Towing and Impound School Service Enforcement Enhancement Ranch Conservation Lighting District Building Repair $ 15,187 Superior Sheriff $ 77,041 $ 195,371 $ 186,588 200 $ 506,304 $ 5,230,815 502,017 1,898 10,644 $ 85,831 $ $ 283 $ $ 77,041 $ 195,371 $ $ 186,588 $ $ 508,402 $ 5,230,815 $ 502,017 $ 3,885 $ 428,434 $ 81,462 381 682 709 283 381 682 4,594 428,434 81,462 85,548 76,660 194,689 186,588 503,808 4,802,381 420,555 85,548 76,660 194,689 186,588 503,808 4,802,381 420,555 85,831 $ 77,041 $ 195,371 $ 186,588 $ 508,402 $ 5,230,815 $ 502,017 (continued on next page) 125 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2020 SPECIAL REVENUE FUNDS Superior Superior Superior Superior Court Court Court Court Grants Judicial Enhancement Special Revenue Fill the Gap Taxpayer Information Transportation Grants $ $ ASSETS Cash in bank and on hand $ $ $ $ Cash and investments held by 12,579 County Treasurer Receivables 867,577 2,834,660 3,105 10,037 68,162 502,309 Due from other funds Due from other governmental units 590,168 56,638 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 12,579 $ 590,168 $ 66,819 $ 870,682 $ 2,844,697 $ 68,162 $ 558,947 LIABILITIES Accounts payable $ Employee compensation payable $ 11,408 16,457 $ $ $ 2,064 Accrued liabilities Due to other funds 81,807 Interest payable Special assessment debt with governmental commitment Unearned revenue 441,549 558,947 Deposits held for other parties Contract retention payable 606,632 11,408 Total liabilities 2,064 558,947 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 92,279 56,638 92,279 56,638 FUND BALANCES Nonspendable 1,171 Restricted 868,618 2,844,697 68,162 868,618 2,844,697 68,162 Committed (108,743) Unassigned 1,171 Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 12,579 (56,638) (108,743) $ 590,168 126 $ 870,682 $ 2,844,697 $ 68,162 (56,638) $ 558,947 SPECIAL REVENUE FUNDS Transportation Operations $ Victim Victim Compensation Interest Compensation Restitution $ $ Victim Location $ 45,250,710 905,021 1,499,450 410,269 3,339 5,393 Waste Management $ 24,625 Waste Tire $ 539,135 19,786,987 150 Total $ 4,879,876 2,102,282 235,595,926 7,814 3,251,110 1,373,169 48,789,024 928,057 2,479,565 1,229,645 810 $ 66,376,023 $ 908,360 $ 1,504,843 $ $ 8,771,584 $ 2,146 $ 2,276 $ 24,625 $ 539,135 $ $ 3,483,415 $ 296,225,956 $ 313,961 $ 21,209,205 218,450 422 1,354,612 1,460 11,318,756 15,003,349 2,643,767 3,898,950 280,966 11,633,801 2,146 2,276 314,383 53,067,298 1,126,637 10,718,916 11,845,553 928,057 2,479,565 53,814,165 906,214 1,502,567 24,625 539,135 3,169,032 202,835,953 36,051,603 (10,054,016) 54,742,222 $ 66,376,023 906,214 $ 908,360 1,502,567 $ 1,504,843 24,625 $ 24,625 539,135 $ 539,135 3,169,032 $ 3,483,415 231,313,105 $ 296,225,956 (continued on next page) 127 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2020 CAPITAL PROJECTS FUNDS Detention Sheriff Detention Flood Inter- Library Technology Control governmental District Mash Capital Improvement Capital Donation Fund $ $ Capital Projects Capital Projects Capital Projects Capital Projects ASSETS Cash in bank and on hand $ $ $ $ Cash and investments held by County Treasurer 66,072,292 1,508,440 87,255,830 2,573 Receivables 10,323,719 660,208 38,309 2,450 Due from other funds Due from other governmental units Inventories Miscellaneous 45,453 Cash and investments held by trustee – restricted Total assets $ 66,072,292 $ 1,508,440 $ 87,301,283 $ $ $ $ 7,286,289 $ 2,573 $ 10,362,028 $ $ $ 662,658 LIABILITIES Accounts payable 262,837 192,324 Employee compensation payable Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue Deposits held for other parties Contract retention payable Total liabilities 3,017,241 1,096,276 3,280,078 8,382,565 192,324 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 62,792,214 1,508,440 78,918,718 Committed 10,362,028 470,334 2,573 10,362,028 470,334 2,573 $ 10,362,028 2,573 Unassigned Total fund balances 62,792,214 1,508,440 Total liabilities, deferred inflows of resources, and fund balances $ 66,072,292 $ 1,508,440 128 78,918,718 $ 87,301,283 $ $ 662,658 CAPITAL PROJECTS FUNDS Total Special Technology Transportation Improvement Districts Capital Improvement Capital Projects $ $ 1,031,817 $ 113,067,985 Nonmajor Governmental Funds Total $ 64,942,556 $ 4,879,876 344,865,420 580,461,346 40,759 3,291,869 48,789,024 2,479,565 45,453 1,275,098 810 $ 1,031,817 $ 3,540 $ 113,067,985 $ 64,942,556 $ 344,951,632 $ 641,177,588 $ $ 10,157,702 $ 23,659,740 $ 5,757,048 44,868,945 1,354,612 450 450 1,910 11,318,756 15,003,349 3,990 94,273 1,181,569 5,389,359 3,898,950 5,670,325 5,851,321 11,339,271 29,049,549 82,116,847 1,126,637 10,718,916 11,845,553 2,479,565 1,027,827 53,603,285 208,682,846 411,518,799 107,219,237 143,270,840 (10,054,016) 53,603,285 315,902,083 547,215,188 64,942,556 $ 344,951,632 $ 641,177,588 107,216,664 $ 1,027,827 107,216,664 1,031,817 $ 113,067,985 $ 129 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds Year Ended June 30, 2020 SPECIAL REVENUE FUNDS Adult Probation Fees Accommodation Schools Adult Probation Grants Air Quality Fees Air Quality Grants REVENUES Taxes $ $ $ $ Licenses and permits $ 11,525,412 Intergovernmental 6,857,144 2,197,749 Charges for services 7,906,252 Fines and forfeits 2,114,561 4,484,212 1,966 619,485 211,627 Special assessment Interest income 6,599 33,829 96 330,818 163,183 6,863,743 10,054,642 2,199,811 12,850,525 4,484,212 10,226,219 2,269,713 15,896,352 3,961,264 Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education 6,812,853 Debt service: Principal Interest Other expenses 408,160 106,035 6,812,853 10,235,943 9,724 2,269,713 16,304,512 4,067,299 50,890 (181,301) (69,902) (3,453,987) 416,913 50,890 (181,301) (69,902) (3,453,987) 416,913 252,780 2,489,823 13,821,942 (798,920) Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Capital lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2019 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2020 $ 303,670 $ 2,308,522 130 $ (69,902) $ 10,367,955 $ (382,007) SPECIAL REVENUE FUNDS Animal Control Field Operations Animal Control License/ Shelter Animal Control Grants $ $ $ $ 7,355,347 Cactus League Operations Ballpark Operations $ 4,882,593 CDBG Housing Trust $ Check Enforcement Program $ Child Support Enhancement $ 250,000 254,754 6,583,245 5,428,076 38,124 831 254,754 30,091 22,432 835,956 74,273 25 139,823 13,642,642 324,298 5,022,416 6,583,245 1,066 33,513 31,157 71,637 45,627 3 220,249 15,189,162 6,716,844 81,674 4,882,593 16,458 207,027 3 236,707 15,396,189 81,674 4,882,593 6,716,844 45,627 (3) 18,047 (1,753,547) 242,624 139,823 (133,599) (14,470) 71,637 2,408,562 17,866 2,408,562 17,866 (956,949) (956,949) (956,952) 18,047 655,015 242,624 157,689 (133,599) (14,470) 71,637 956,952 (26,505) (76,479) 2,608,522 5,145,013 129,263 20,442 1,175,103 (11,125) $ $ (8,458) $ 567,411 $ 2,851,146 $ 5,302,702 $ (4,336) $ 5,972 $ 1,246,740 (continued on next page) 131 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2020 SPECIAL REVENUE FUNDS Children’s Issues Education Clerk of Court Fill the Gap Clerk of the Court Judicial Enhancement Clerk of the Court Grants Clerk of the Court SRF REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 1,183,302 Charges for services 107 1,814,870 769,962 3,000,797 194 (4,941) 79,139 135,303 301 1,809,929 1,183,302 849,101 3,136,100 1,797,509 1,328,464 638,618 3,003,411 1,797,509 1,328,464 638,618 3,083,976 301 12,420 (145,162) 210,483 52,124 301 12,420 (145,162) 210,483 52,124 8,313 (12,420) 2,727,485 5,047,883 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 expenses 80,565 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Capital lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2019 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2020 $ 8,614 $ $ 132 (145,162) $ 2,937,968 $ 5,100,007 SPECIAL REVENUE FUNDS Conciliation Court Fees $ Correctional Health Grants $ County Attorney Fill the Gap $ County Attorney Grants $ 202,368 County Attorney RICO $ Court Document Retrieval $ Criminal Justice Enhancement $ 6,795,459 1,633,166 900,793 1,372,423 1,092,034 1,470,784 41,470 750 2,747,749 5,347 327 77,104 1,800 52,581 (4,847) 1,674,636 2,950,867 1,377,770 6,795,786 1,549,688 1,144,615 895,946 1,247,459 6,247,574 370,076 921,634 1,002,975 1,510,161 2,908,815 361,098 $ 1,510,161 2,908,815 1,247,459 6,247,574 731,174 921,634 1,002,975 164,475 42,052 130,311 548,212 818,514 222,981 (107,029) 164,475 42,052 130,311 548,212 818,514 222,981 (107,029) 1,419,141 (42,534) 133,217 (824,046) 3,144,650 1,780,896 140,209 (275,834) $ 3,963,164 1,583,616 $ (482) $ 263,528 $ $ 2,003,877 $ 33,180 (continued on next page) 133 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2020 SPECIAL REVENUE FUNDS Domestic Relations Mediation Education Diversion Educational Supplemental Program Emancipation Administrative Costs Emergency Management REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 466,528 Charges for services 965,745 180,973 Fines and forfeits 720 178,601 700,636 Special assessment Interest income Miscellaneous Total revenues 7,127 20,000 2,848 33,142 161 1,487 727,763 183,821 499,670 881 1,145,833 1,289,329 177,419 EXPENDITURES Current: General government Public safety 1,171,939 Highways and streets Health, welfare and sanitation Culture and recreation Education 2,268,764 Debt service: Principal Interest Other expenses Capital outlay Total expenditures 1,289,329 177,419 2,268,764 (561,566) 6,402 (1,769,094) 881 (26,106) (561,566) 6,402 (1,769,094) 881 (26,106) 561,566 152,223 2,209,023 8,075 (201,624) 1,171,939 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Capital lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2019 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2020 $ $ 158,625 134 $ 439,929 $ 8,956 $ (227,730) SPECIAL REVENUE FUNDS Environmental Services Environmental Health $ Environmental Services Grants $ Expedited Child Support $ Flood Control Grants Flood Control $ 15,745,046 70,224,081 $ Human Services Grants Inmate Health Services $ $ 459,474 47,306 225,832 5,911,176 116,555 46,119,767 630,942 339,663 205,407 403,002 127,095 22,391,726 47,306 21,395,603 5,142 3,293,036 599,459 19,875 636,084 74,801,882 116,555 601,847 29,717,136 116,555 46,119,767 289,622 47,306 47,308,026 1,837,688 677,850 22,073,453 359,538 47,306 318,273 601,847 31,554,824 34,237 43,247,058 47,374 116,555 80,537 47,355,400 289,622 (1,235,633) 69,916 644,574 (33,849,772) 80,537 (33,849,772) 644,574 398,810 34,237 9,397,286 (591,059) 69,916 13,598,615 265,967 21,564,317 (2,507,796) 748,548 (35,097) $ 13,997,425 $ $ 300,204 $ 30,926,506 $ $ (3,098,855) $ 818,464 (continued on next page) 135 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2020 SPECIAL REVENUE FUNDS Inmate Services Justice Court Judicial Enhancement Justice Courts Photo Enforcement $ $ Justice Courts Special Revenue Juvenile Probation Diversion Juvenile Probation Grants REVENUES Taxes $ $ $ $ Licenses and permits Intergovernmental Charges for services Fines and forfeits 3,021,526 13,250,055 6,472,045 93,071 33,956 742,070 291,631 95 93,627 109,154 3,478 36,693 15,248 13,575,737 835,697 6,581,199 133,242 3,036,774 11,473,450 79,416 6,764,296 253,416 3,050,128 11,473,450 79,416 6,764,296 253,416 3,050,128 2,102,287 756,281 (183,097) (120,174) (13,354) 2,102,287 756,281 (183,097) (120,174) (13,354) 9,470,295 2,882,620 4,336,696 238,047 352,280 117,873 $ 338,926 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 expenses Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Capital lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2019 8,226 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2020 9,685 $ 11,582,267 $ 3,638,901 136 $ 8,226 $ 4,153,599 $ SPECIAL REVENUE FUNDS Juvenile Probation Special Fees $ Lake Pleasant Recreation Services Juvenile Restitution $ $ Law Library Fees Library District Grants Library District $ $ 23,727,126 $ 418,016 117,264 4,073,371 1,417,316 5,485,740 1 124,451 2,105,637 Medical Examiner Grants $ 26,395 21,053 2,033 1,259 43,591 6,043 60,372 370,928 209,524 2,243,954 3,292 4,123,005 1,477,689 30,335,785 26,395 2,576,902 19,130 27,045,981 26,395 36,327 991 37,318 921,886 12,587 3,517,703 253,949 357,556 2,576,902 19,130 3,771,652 921,886 27,403,537 (332,948) (15,838) 351,353 555,803 2,932,248 24,731 26,395 37,318 2,000,000 (1,000,000) $ (1,000,000) 2,000,000 (332,948) (15,838) 351,353 (444,197) 4,932,248 1,119,734 111,182 1,248,738 2,779,887 9,751,274 786,786 $ 95,344 $ 1,600,091 $ 2,335,690 $ 14,683,522 $ $ (continued on next page) 137 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2020 SPECIAL REVENUE FUNDS Non Departmental Grants Officer Safety Equipment Parks and Recreation Grants Palo Verde Parks Donations Parks Enhancement REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental 2,785,327 669,753 2,314 Charges for services 6,642,366 Fines and forfeits 78,372 4 Special assessment Interest income 1,167 15,779 29,115 Miscellaneous 2,786,494 Total revenues 94,151 698,868 29,359 673,479 5,654 9,201 41,698 74,130 38,711 7,968 50,899 6,755,211 2,314 25,403 5,835,420 EXPENDITURES Current: General government 2,044,606 Public safety 727,987 Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenses 727,778 Capital outlay Total expenditures 2,772,593 29,359 673,479 2,314 25,403 6,563,198 13,901 64,792 25,389 5,654 25,496 192,013 64,792 25,389 5,654 25,496 192,013 520,223 1,004,973 (5,654) 469,468 2,427,138 585,015 $ 1,030,362 494,964 $ 2,619,151 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out (14,208) Capital lease agreements Total other financing sources (uses) (14,208) Net change in fund balances (307) Fund balances (deficit), July 1, 2019 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2020 $ (307) $ 138 $ $ SPECIAL REVENUE FUNDS Parks Souvenir $ Planning and Development Fees $ Public Defender Fill the Gap Probate Fees $ Public Defender Grants $ $ Public Defender Training $ Public Health Fees Public Health Grants $ $ 8,193,928 1,420,689 347,147 7,516,838 418,015 904,589 266,782 44,121,794 7,664,316 35,328 (170) 616,973 216,129 2,386 7,468 346,977 16,579,196 420,401 912,057 11,187,379 396,948 845,443 4,828 18,370 211,695 1,420,689 289,980 7,876,011 44,121,794 940,297 286,160 7,962,753 43,815,829 346,977 174,967 346,977 118,071 47,031 11,362,346 396,948 845,443 940,297 286,160 8,080,824 43,862,860 5,216,850 23,453 66,614 480,392 3,820 (204,813) 258,934 822 (481,747) (481,747) 28,735 $ 28,735 5,216,850 23,453 66,614 16,837,328 117,411 305,345 $ 22,054,178 $ 140,864 $ 371,959 822 (1,355) $ (1,355) $ 3,820 (203,991) 258,934 287,864 7,964,236 (3,161,966) 108,254 (60,581) 291,684 $ 7,868,499 $ (2,963,613) (continued on next page) 139 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2020 SPECIAL REVENUE FUNDS Recorder’s Surcharge School Communication Expense School Grants School Transportation Sheriff Donations REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 262,200 Charges for services 4,487,408 9,597,738 935,668 423,622 Fines and forfeits 33,817 Special assessment Interest income 63,694 21,413 16,888 10,851 17,520 4,551,102 707,235 9,597,738 952,556 62,188 683,966 11,532,362 340,323 4,137,378 683,966 11,532,362 340,323 413,724 23,269 (1,934,624) 612,233 Miscellaneous Total revenues EXPENDITURES Current: General government 3,630,086 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal 278,513 Interest 21,721 Other expenses 207,058 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures 62,188 OTHER FINANCING SOURCES (USES) Transfers in 236,622 373,825 Transfers out (925,000) Capital lease agreements Total other financing sources (uses) 236,622 Net change in fund balances 650,346 23,269 (1,560,799) 612,233 (862,812) 1,732,658 2,594,060 (121,034) 270,308 1,267,876 Fund balances (deficit), July 1, 2019 373,825 (925,000) Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2020 $ 2,383,004 $ 2,617,329 140 $ (1,681,833) $ 882,541 $ 405,064 SPECIAL REVENUE FUNDS Sheriff Grants $ Sheriff Jail Enhancement $ 2,656,323 Sheriff Towing and Impound Sheriff RICO $ Small School Service $ $ 960,303 Spousal Maintenance Enforcement Enhancement Spur Cross Ranch Conservation $ $ Street Lighting District $ 109,657 115,825 327,125 178,636 5,694,636 4,947 17,074 108,744 3,000 2,678,344 1,072,047 2,394,397 1,835,348 2,501 51,926 4,144 3,492 14,015 93,659 178,636 54,427 113,801 119,317 341,140 5,788,295 155,707 137,319 108,000 5,275,563 160,482 104,077 $ 517,695 174,723 2,912,092 2,010,071 155,707 137,319 104,077 108,000 160,482 5,275,563 (233,748) (938,024) 22,929 (82,892) 9,724 11,317 180,658 512,732 (233,748) (938,024) 22,929 (82,892) 9,724 11,317 180,658 512,732 (291,221) 4,251,926 62,619 159,552 184,965 175,271 323,150 4,289,649 503,808 $ 4,802,381 (524,969) $ 3,313,902 $ 85,548 $ 76,660 $ 194,689 $ 186,588 $ (continued on next page) 141 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2020 SPECIAL REVENUE FUNDS Superior Court Building Repair Superior Court Fill the Gap Superior Court Grants Superior Court Judicial Enhancement Superior Court Special Revenue Taxpayer Information REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental 3,275,220 Charges for services 1,814,870 1,183,356 480,755 5,081,946 7,523 26,400 22,273 68,882 16,946 154,360 Fines and forfeits Special assessment Interest income 14,743 Miscellaneous Total revenues 14,743 1,814,870 4,492,499 503,028 5,167,774 154,360 750,951 1,813,699 4,568,569 357,987 4,700,530 756,166 1,813,699 4,574,826 357,987 4,700,530 470,687 (741,423) 1,171 (82,327) 145,041 467,244 (316,327) (68,119) 145,041 467,244 (316,327) (40,624) 723,577 2,377,453 384,489 EXPENDITURES Current: General government 470,687 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenses 5,215 Capital outlay Total expenditures 6,257 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 1,000,000 14,208 Total other financing sources (uses) 1,000,000 14,208 Net change in fund balances 258,577 Transfers out Capital lease agreements Fund balances (deficit), July 1, 2019 1,171 161,978 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2020 $ 420,555 $ 1,171 $ 142 (108,743) $ 868,618 $ 2,844,697 $ 68,162 SPECIAL REVENUE FUNDS Transportation Grants Transportation Operations Victim Compensation Interest Victim Compensation Restitution Victim Location Waste Management $ $ $ $ $ $ Waste Tire $ $ 4,277,776 295,494 Total 98,833,800 47,806,983 128,478,495 5,813,987 282,554,767 9,067 335,850 99,735,654 201,540 8,267,749 5,694,636 295,494 3,288,683 1,712,173 49,502 42,336 8,673 9,482 85,984 74,383 10,706,202 7,000,466 137,766,194 49,502 243,876 8,673 95,466 6,224,220 560,600,257 13,943 257,080 6,145,379 105,637 126,568,056 83,754,820 83,860,457 93,205 6,325,495 171,853,493 41,924,942 21,742,345 278,513 21,721 7,131,139 13,498,149 105,637 90,885,959 13,943 257,080 189,857 46,880,235 35,559 (13,204) 8,673 93,205 6,325,495 465,893,055 2,261 (101,275) 94,707,202 6,777,016 (51,420,123) 5,058,720 (88,647,799) 5,058,720 (46,361,403) (76,812,063) 189,857 518,832 35,559 (13,204) 8,673 2,261 (101,275) 17,895,139 (246,495) 53,988,124 870,655 1,515,771 15,952 536,874 3,270,307 213,171,564 235,266 $ (56,638) $ 54,742,222 246,402 $ 906,214 $ 1,502,567 $ 24,625 $ 539,135 $ 3,169,032 $ 231,313,105 (continued on next page) 143 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2020 DEBT SERVICE FUNDS Stadium District Debt Service CAPITAL PROJECTS FUNDS Detention Technology Capital Improvement Detention Capital Projects Total Flood Control Capital Projects REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 1,051,720 Charges for services Fines and forfeits Special assessment Interest income 1,449 1,449 1,449 1,449 29,173 Miscellaneous Total revenues 1,080,893 EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Other expenses Capital outlay Total expenditures 29,381,165 44,913,659 29,381,165 44,913,659 (43,832,766) Excess (deficiency) of revenues 1,449 1,449 (29,381,165) (17,866) (17,866) (4,785,575) Total other financing sources (uses) (17,866) (17,866) Net change in fund balances (16,417) 16,417 over expenditures OTHER FINANCING SOURCES (USES) Transfers in 8,198,895 Transfers out 1,508,435 33,849,772 3,413,320 1,508,435 33,849,772 (16,417) (25,967,845) 1,508,435 (9,982,994) 16,417 88,760,059 5 88,901,712 1,508,440 $ 78,918,718 Capital lease agreements Fund balances (deficit), July 1, 2019 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2020 $ $ $ 144 62,792,214 $ CAPITAL PROJECTS FUNDS Intergovernmental Capital Projects Library District Capital Improvement Sheriff Mash Capital Donation Fund $ $ $ Special Improvement Districts $ 614,198 Technology Capital Improvement $ Transportation Capital Projects $ Total Nonmajor Governmental Funds Total $ 614,198 $ 99,447,998 47,806,983 876 17,454,166 18,505,886 301,060,653 4,768,354 4,769,230 104,504,884 8,267,749 5,694,636 120 295,369 15,825 21,585 120 295,369 15,825 636,659 42,272 332,899 71,445 11,040,550 7,071,911 22,264,792 24,293,658 584,895,364 6,145,379 126,568,056 83,860,457 171,853,493 41,924,942 21,742,345 278,513 21,721 120 295,369 470,491 296,189 14,831,097 97,162,421 187,055,022 200,553,171 470,491 296,189 14,831,097 97,162,421 187,055,022 652,948,077 (454,666) 340,470 (14,831,097) (74,897,629) (162,761,364) (68,052,713) 56,263,390 51,420,123 152,165,615 158,942,631 (18,277,528) (106,943,193) 925,000 (2,000,000) (11,491,953) (2,000,000) 925,000 120 (1,704,631) 470,334 2,453 12,066,659 44,771,437 51,420,123 133,888,087 5,058,720 57,058,158 340,470 29,940,340 (23,477,506) (28,873,277) (10,994,555) 687,357 77,276,324 77,080,791 344,775,360 557,963,341 246,402 $ 2,573 $ 10,362,028 $ 470,334 $ 1,027,827 $ 145 107,216,664 $ 53,603,285 $ 315,902,083 $ 547,215,188 146 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Adult Probation Fees Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 8,981,111 $ 8,981,116 $ 7,906,252 $ (1,074,864) Fines and forfeits 2,625,077 2,625,072 2,114,561 (510,511) Interest income 15,000 11,621,188 15,000 11,621,188 33,829 10,054,642 18,829 (1,566,546) 12,446,188 12,446,188 10,226,219 2,219,969 100,000 12,546,188 100,000 12,546,188 9,724 10,235,943 90,276 2,310,245 (925,000) (925,000) (181,301) 743,699 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (925,000) (925,000) (181,301) 743,699 1,666,848 741,848 1,666,848 741,848 2,489,823 2,308,522 822,975 1,566,674 147 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Adult Probation Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 2,533,895 $ 100,000 2,603,948 $ $ (406,199) 1,966 (98,030) 2,633,895 2,703,944 96 2,199,811 96 (504,133) 2,633,895 2,633,895 2,703,944 2,703,944 2,269,713 2,269,713 434,231 434,231 (69,902) (69,902) (69,902) (69,902) Interest income Total revenues 2,197,749 99,996 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues under expenditures Net change in fund balances Fund balance (deficit), July 1, 2019 Fund deficit, June 30, 2020 (53,808) (53,808) $ 148 $ (53,808) (53,808) $ (69,902) $ 53,808 (16,094) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Air Quality Fees Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 11,105,200 $ 11,105,200 $ 11,525,412 $ 420,212 Charges for services 559,100 559,100 619,485 60,385 Fines and forfeits 350,100 350,100 211,627 (138,473) Interest income 66,300 66,300 330,818 264,518 Miscellaneous 54,300 12,135,000 54,300 12,135,000 163,183 12,850,525 108,883 715,525 18,676,787 420,000 18,676,787 420,000 15,896,352 408,160 2,780,435 11,840 Total expenditures 19,096,787 19,096,787 16,304,512 2,792,275 Deficiency of revenues over expenditures (6,961,787) (6,961,787) (3,453,987) 3,507,800 Total revenues EXPENDITURES Current: Health, welfare, and sanitation Capital outlay Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (6,961,787) (6,961,787) (3,453,987) 3,507,800 11,511,503 4,549,716 11,511,503 4,549,716 13,821,942 10,367,955 2,310,439 5,818,239 149 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Air Quality Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 5,085,690 5,085,690 $ 5,085,690 5,085,690 $ 4,484,212 4,484,212 $ (601,478) (601,478) EXPENDITURES Current: Health, welfare, and sanitation Capital outlay Total expenditures 4,981,690 4,981,690 3,961,264 1,020,426 104,000 5,085,690 104,000 5,085,690 106,035 4,067,299 (2,035) 1,018,391 416,913 416,913 Excess of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2019 Fund deficit, June 30, 2020 (120,279) $ (120,279) 150 (120,279) $ (120,279) $ 416,913 416,913 (798,920) (678,641) (382,007) $ (261,728) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control Field Operations Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Current: Health, welfare, and sanitation $ $ $ Total expenditures Excess (deficiency) of revenues over expenditures 3 $ (3) 3 (3) (3) (3) OTHER FINANCING USES Transfers Out (638,520) (956,950) (956,949) (1) Total Other Financing Uses (638,520) (956,950) (956,949) (1) (638,520) 638,520 (956,950) 638,520 (318,430) (956,952) 956,952 (2) 318,432 318,430 Net change in fund balances Fund balance, July 1, 2019 Fund balance (deficit), June 30, 2020 $ $ 151 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 437,600 437,600 $ 445,100 445,100 $ 254,754 254,754 $ (190,346) (190,346) EXPENDITURES Current: Health, welfare, and sanitation 437,600 445,100 220,249 224,851 445,100 16,458 236,707 (16,458) 208,393 18,047 18,047 18,047 (26,505) (8,458) 18,047 (26,505) (8,458) Capital Outlay 437,600 Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2019 Fund balance (deficit), June 30, 2020 $ $ 152 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Control License/Shelter Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services 8,091,037 $ 8,091,037 $ 7,355,347 $ (735,690) 5,569,333 5,569,333 5,428,076 Fines & Forfeit 1,600 1,600 831 (769) Interest income 5,000 5,000 22,432 17,432 Miscellaneous 957,000 14,623,970 957,000 14,623,970 835,956 13,642,642 (121,044) (981,328) 16,075,583 16,096,918 15,189,162 907,756 Total expenditures 16,075,583 293,130 16,390,048 207,027 15,396,189 86,103 993,859 Deficiency of revenues under expenditures (1,451,613) (1,766,078) (1,753,547) 12,531 2,090,133 2,090,133 2,408,563 2,408,563 2,408,562 2,408,562 (1) (1) 638,520 (9,788) 642,485 (9,788) 655,015 (76,479) 12,530 (66,691) Total revenues (141,257) EXPENDITURES Current: Health, welfare, and sanitation Capital outlay OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund deficit, July 1, 2019 Change in nonspendable resources: Decrease in inventories Fund balance, June 30, 2020 $ 628,732 153 $ 632,697 $ (11,125) 567,411 $ (11,125) (65,286) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Ballpark Operations Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 250,000 $ 250,000 $ 250,000 $ Interest income 74,273 74,273 Miscellaneous 25 74,298 250,000 250,000 25 324,298 250,000 250,000 250,000 250,000 81,674 81,674 168,326 168,326 Excess of revenues over expenditures 242,624 242,624 Net change in fund balances 242,624 242,624 Total revenues EXPENDITURES Current: Culture and recreation Total expenditures Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 2,526,795 2,526,795 154 $ 2,526,795 2,526,795 $ 2,608,522 2,851,146 $ 81,727 324,351 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Cactus League Operations Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ $ 6,200,000 $ Interest income Total revenues 4,882,593 $ (1,317,407) 6,200,000 139,823 5,022,416 139,823 (1,177,584) 6,200,000 6,200,000 4,882,593 4,882,593 1,317,407 1,317,407 139,823 139,823 17,866 17,866 17,866 17,866 EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ $ 155 $ 157,689 157,689 5,145,013 5,302,702 5,145,013 5,302,702 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual CDBG Housing Trust Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 6,716,844 6,716,844 $ 6,716,844 6,716,844 $ 6,583,245 6,583,245 $ (133,599) (133,599) EXPENDITURES Current: Health, welfare, and sanitation Total expenditures 6,716,844 6,716,844 6,716,844 6,716,844 6,716,844 6,716,844 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2019 Fund deficit, June 30, 2020 (25,276) (25,276) $ 156 $ (25,276) (25,276) $ (133,599) (133,599) (133,599) (133,599) 129,263 (4,336) $ 154,539 20,940 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Check Enforcement Program Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 33,826 Interest income Total revenues $ 33,829 $ 30,091 $ (3,738) 891 34,717 888 34,717 1,066 31,157 178 (3,560) 49,189 49,189 49,189 49,189 45,627 45,627 3,562 (14,472) (14,472) (14,470) 2 (14,472) (14,472) (14,470) 2 20,140 5,668 20,140 5,668 20,442 5,972 302 304 EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 157 $ $ 3,562 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Child Support Enhancement Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 28,872 Interest income Total revenues $ 28,872 2,128 31,000 2,128 31,000 5,000 5,000 5,000 5,000 26,000 26,000 $ 38,124 $ 33,513 71,637 9,252 31,385 40,637 EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 5,000 5,000 71,637 45,637 45,637 26,000 26,000 71,637 1,113,055 1,139,055 1,113,055 1,139,055 1,175,103 1,246,740 158 $ $ $ 62,048 107,685 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of Court Fill the Gap Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,777,708 $ 1,814,870 $ Interest Income Total revenues 1,814,870 1,777,708 1,814,870 (4,941) 1,809,929 1,777,708 1,777,708 1,802,450 1,802,450 1,797,509 1,797,509 12,420 12,420 $ (4,941) (4,941) 4,941 4,941 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2019 Fund balance, June 30, 2020 11,194 11,194 $ 159 $ 12,420 12,420 11,194 23,614 (12,420) $ $ (23,614) (23,614) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of the Court SRF Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 2,797,447 $ 2,797,452 $ 3,000,797 $ 203,345 16,000 2,813,447 15,995 2,813,447 135,303 3,136,100 119,308 322,653 5,654,986 5,313,010 3,003,411 2,309,599 Total expenditures 5,654,986 341,976 5,654,986 80,565 3,083,976 261,411 2,571,010 Excess (deficiency) of revenues over expenditures (2,841,539) (2,841,539) 52,124 2,893,663 Net change in fund balances (2,841,539) (2,841,539) 52,124 2,893,663 4,810,769 1,969,230 4,810,769 1,969,230 5,047,883 5,100,007 Total revenues EXPENDITURES Current: Public safety Capital Outlay Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 160 $ $ $ 237,114 3,130,777 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of the Court Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 1,415,032 1,415,032 $ 1,415,032 1,415,032 $ 1,183,302 1,183,302 $ (231,730) (231,730) EXPENDITURES Current: Public safety 1,415,032 1,415,032 1,328,464 1,328,464 86,568 86,568 Excess (deficiency) of revenues over expenditures (145,162) (145,162) Net change in fund balances (145,162) (145,162) Total expenditures 1,415,032 1,415,032 Fund balance July 1, 2019 Fund balance (deficit) June 30, 2020 $ $ 161 $ (145,162) $ (145,162) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Clerk of the Court Judicial Enhancement Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 735,000 Interest income $ 735,000 $ 769,962 $ 34,962 15,000 750,000 15,000 750,000 79,139 849,101 64,139 99,101 Total expenditures 1,350,000 1,350,000 1,350,000 1,350,000 638,618 638,618 711,382 711,382 Excess (deficiency) of revenues over expenditures (600,000) (600,000) 210,483 810,483 Total revenues EXPENDITURES Current: Public safety Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (600,000) (600,000) 210,483 810,483 2,176,180 1,576,180 2,176,180 1,576,180 2,727,485 2,937,968 551,305 1,361,788 162 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Conciliation Court Fees Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,581,972 $ 1,581,970 $ 1,633,166 $ 51,196 1,390 1,583,362 1,392 1,583,362 41,470 1,674,636 40,078 91,274 1,583,362 1,583,362 1,583,362 1,583,362 1,510,161 1,510,161 73,201 73,201 164,475 164,475 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 1,160,160 1,160,160 163 $ 1,160,160 1,160,160 $ 164,475 164,475 1,419,141 1,583,616 258,981 423,456 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Correctional Health Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 436,026 $ 308,177 $ Interest Income $ (105,809) 750 750 436,026 3,600,000 3,908,177 2,747,749 2,950,867 (852,251) (957,310) 436,026 436,026 3,908,177 3,908,177 2,908,815 2,908,815 999,362 999,362 42,052 42,052 42,052 (42,534) (482) 42,052 (10,439) 31,613 Miscellaneous Total revenues 202,368 EXPENDITURES Current: Health Welfare Total expenditures Excess of revenues over expenditures Net change in fund balances (32,095) (32,095) Fund deficit, July 1, 2019 Fund deficit, June 30, 2020 $ 164 $ (32,095) (32,095) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney Fill the Gap Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,463,627 $ 1,463,616 $ 1,372,423 $ (91,193) 3,389 1,467,016 3,400 1,467,016 5,347 1,377,770 1,947 (89,246) 1,596,776 1,596,776 1,596,776 1,596,776 1,247,459 1,247,459 349,317 349,317 (129,760) (129,760) 130,311 260,071 (129,760) (129,760) 130,311 260,071 280,575 150,815 280,575 150,815 133,217 263,528 (147,358) 112,713 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 165 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 6,279,381 $ 6,387,700 $ Interest Income Total revenues 6,795,459 $ 407,759 6,279,381 6,387,700 327 6,795,786 327 408,086 6,279,381 6,279,381 6,534,010 6,534,010 6,247,574 6,247,574 286,436 286,436 (146,310) 548,212 694,522 (146,310) 548,212 694,522 (857,569) (1,003,879) (824,046) (275,834) EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2019 Fund deficit, June 30, 2020 (857,569) (857,569) $ 166 $ $ $ 33,523 728,045 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Attorney RICO Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 407,000 Interest income $ 93,000 450,000 $ $ 1,020,784 77,104 27,104 500,000 500,000 1,800 1,549,688 1,800 1,049,688 500,000 734,000 370,076 363,924 500,000 365,923 1,099,923 361,098 731,174 4,825 368,749 (599,923) 818,514 1,418,437 (599,923) 818,514 1,418,437 2,580,355 1,980,432 3,144,650 3,963,164 Miscellaneous Total revenues 1,470,784 50,000 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 2,580,355 2,580,355 167 $ $ $ 564,295 1,982,732 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Court Document Retrieval Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,050,000 $ 1,050,000 $ 1,092,034 $ 42,034 3,207 1,053,207 3,207 1,053,207 52,581 1,144,615 49,374 91,408 1,103,207 1,103,207 1,103,207 1,103,207 921,634 921,634 181,573 181,573 (50,000) (50,000) 222,981 272,981 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (50,000) (50,000) 222,981 272,981 1,553,508 1,503,508 1,553,508 1,503,508 1,780,896 2,003,877 227,388 500,369 168 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Criminal Justice Enhancement Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 1,030,437 $ 1,030,437 $ Interest income 900,793 $ (129,644) 1,030,437 1,030,437 (4,847) 895,946 Total expenditures 1,156,463 1,156,463 1,156,463 1,156,463 1,002,975 1,002,975 153,488 153,488 Deficiency of revenues under expenditures (126,026) (126,026) (107,029) 18,997 Net change in fund balances (126,026) (126,026) (107,029) 18,997 152,156 26,130 152,156 26,130 140,209 33,180 (11,947) 7,050 Total revenues (4,847) (134,491) EXPENDITURES Current: Public safety Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 169 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Diversion Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Interest income 1,673,448 $ 3,183 1,671,631 $ 700,636 $ (970,995) 5,000 7,127 2,127 1,676,631 1,676,631 20,000 727,763 20,000 (948,868) Total expenditures 1,887,371 1,887,371 1,907,371 1,907,371 1,289,329 1,289,329 618,042 618,042 Deficiency of revenues under expenditures (210,740) (230,740) (561,566) (330,826) Net change in fund balances (210,740) (230,740) (561,566) (330,826) 486,869 276,129 486,869 256,129 561,566 Miscellaneous Total revenues EXPENDITURES Current: Public safety Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 170 $ $ $ 74,697 (256,129) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Domestic Relations Mediation Education Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 192,996 $ 192,996 $ 180,973 $ (12,023) 554 193,550 554 193,550 2,848 183,821 2,294 (9,729) 193,550 193,550 193,550 193,550 177,419 177,419 16,131 16,131 6,402 6,402 EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 148,947 148,947 171 $ 148,947 148,947 $ 6,402 6,402 152,223 158,625 3,276 9,678 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Educational Supplemental Program Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 495,594 $ 495,594 $ Interest income 466,528 $ (29,066) 495,594 495,594 33,142 499,670 Total expenditures 809,029 809,029 2,606,232 2,606,232 2,268,764 2,268,764 337,468 337,468 Deficiency of revenues under expenditures (313,435) (2,110,638) (1,769,094) 341,544 (313,435) (2,110,638) (1,769,094) 341,544 1,747,944 1,434,509 1,747,944 (362,694) 2,209,023 439,929 461,079 802,623 Total revenues 33,142 4,076 EXPENDITURES Current: Education Net change in fund balances Fund balance, July 1, 2019 Fund balance (deficit), June 30, 2020 $ 172 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Election Grants – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ Total revenues 2,996,553 2,996,553 $ $ (2,996,553) (2,996,553) EXPENDITURES General Government 2,644,425 2,644,425 Capital Outlay 352,128 2,996,553 352,128 2,996,553 Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 248 248 $ 173 $ 248 248 (248) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Emergency Management – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 926,133 Charges for services Interest Income Total revenues $ 1,058,060 $ 965,745 $ (92,315) 177,378 177,384 178,601 1,217 360 1,103,871 351 1,235,795 1,487 1,145,833 1,136 (89,962) 1,196,206 1,196,206 1,328,130 1,328,130 1,171,939 1,171,939 156,191 156,191 (92,335) (92,335) (26,106) 66,229 EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund deficit, July 1, 2019 Fund deficit, June 30, 2020 $ (92,335) (92,335) (26,106) 66,229 (365,047) (457,382) (365,047) (457,382) (201,624) (227,730) 163,423 229,652 174 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Environmental Services Environmental Health Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ 15,948,454 Charges for services $ 15,900,662 $ 15,745,046 $ (155,616) 4,757,348 4,807,993 5,911,176 1,103,183 Fines and forfeits 241,368 238,953 205,407 (33,546) Interest income 65,000 65,004 403,002 337,998 Miscellaneous 500 21,012,670 58 21,012,670 127,095 22,391,726 127,037 1,379,056 22,369,174 750,000 22,369,174 750,000 21,395,603 677,850 973,571 72,150 Total expenditures 23,119,174 23,119,174 22,073,453 1,045,721 Excess (deficiency) of revenues over expenditures (2,106,504) (2,106,504) 318,273 2,424,777 80,537 80,537 80,537 80,537 Total revenues EXPENDITURES Current: Health, welfare and sanitation Capital outlay OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (2,106,504) (2,025,967) 398,810 2,424,777 11,687,460 9,580,956 11,687,460 9,661,493 13,598,615 13,997,425 1,911,155 4,335,932 175 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Environmental Services Grants – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 67,198 Total revenues $ 67,198 $ 47,306 $ (19,892) 67,198 67,198 47,306 (19,892) 67,198 67,198 47,306 19,892 67,198 67,198 47,306 19,892 EXPENDITURES Current: Health, welfare, and sanitation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ $ 176 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Expedited Child Support Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 635,784 $ 635,784 $ 630,942 $ (4,842) 1,716 637,500 1,716 637,500 5,142 636,084 3,426 (1,416) 637,500 637,500 637,500 637,500 601,847 601,847 35,653 35,653 34,234 34,237 EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 209,922 209,922 177 $ 209,922 209,922 $ 34,237 34,237 265,967 300,204 56,045 90,282 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Fund – Special Revenue Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 70,249,952 $ 70,249,952 $ 70,224,081 $ 310,000 310,000 Intergovernmental 212,571 212,571 225,832 13,261 Interest income 275,009 339,097 275,009 339,097 3,293,036 599,459 3,018,027 260,362 71,386,629 71,386,629 74,801,882 3,415,253 35,496,148 2,241,042 35,761,963 2,272,388 29,717,136 1,837,688 6,044,827 434,700 Total expenditures 37,737,190 38,034,351 31,554,824 6,479,527 Excess of revenues over expenditures 33,649,439 33,352,278 43,247,058 9,894,780 (33,849,772) (33,849,772) (33,849,772) (33,849,772) (33,849,772) (33,849,772) Miscellaneous Total revenues 459,474 (25,871) Licenses and permits 149,474 EXPENDITURES Current: Public safety Capital outlay OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2019 (200,333) (497,494) 9,397,286 9,894,780 17,589,234 17,589,234 21,564,317 3,975,083 Change in nonspendable resources Decrease in inventories Fund balance, June 30, 2020 $ 17,388,901 178 $ 17,091,740 $ (35,097) 30,926,506 $ (35,097) 13,834,766 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 70,000 70,000 Total revenues $ 173,100 173,100 $ 116,555 116,555 $ (56,545) (56,545) EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 131,071 234,171 116,555 117,616 131,071 234,171 116,555 117,616 (61,071) (61,071) (61,071) (61,071) 61,071 61,071 61,071 (61,071) $ 179 61,071 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Human Services Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 43,480,515 43,480,515 $ 46,879,803 46,879,803 $ 46,119,767 46,119,767 $ (760,036) (760,036) EXPENDITURES Current: Health, welfare, and sanitation Capital outlay Total expenditures 44,059,089 66,000 47,458,377 66,000 47,308,026 47,374 150,351 18,626 44,125,089 47,524,377 47,355,400 168,977 (644,574) (644,574) (1,235,633) (591,059) 644,574 644,574 644,574 644,574 644,574 644,574 (5,898,408) (5,898,408) (591,059) (2,507,796) Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund deficit, July 1, 2019 Fund deficit, June 30, 2020 $ (5,898,408) 180 $ (5,898,408) $ (3,098,855) (591,059) 3,390,612 $ 2,799,553 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Health Services Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 374,672 8,272 Interest income $ 374,672 8,272 $ 339,663 19,875 $ (35,009) 11,603 382,944 382,944 359,538 (23,406) 539,920 90,926 554,920 75,926 289,622 265,298 75,926 Total expenditures 630,846 630,846 289,622 341,224 Excess (deficiency) of revenues over expenditures (247,902) (247,902) 69,916 317,818 Net change in fund balances (247,902) (247,902) 69,916 317,818 811,611 563,709 811,611 563,709 748,548 818,464 Total revenues EXPENDITURES Current: Public safety Capital outlay Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 181 $ $ $ (63,063) 254,755 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Services Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 10,869,997 $ 10,869,997 $ 13,250,055 $ 2,380,058 Fines and forfeits 72,864 72,864 33,956 (38,908) Interest income 59,847 59,847 291,631 95 231,784 95 11,002,708 11,002,708 13,575,737 2,573,029 11,502,708 11,502,708 11,502,708 11,502,708 11,473,450 11,473,450 29,258 29,258 (500,000) (500,000) 2,102,287 2,602,287 Miscellaneous Total revenues EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 (500,000) (500,000) 2,102,287 2,602,287 9,276,758 9,276,758 9,470,295 193,537 Change in nonspendable resources Increase in inventories Fund balance, June 30, 2020 $ 8,776,758 182 $ 8,776,758 $ 9,685 11,582,267 $ 9,685 2,805,509 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Court Judicial Enhancement Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Interest income Total revenues 729,836 7,347 $ 729,839 7,344 $ 742,070 93,627 $ 12,231 86,283 737,183 737,183 835,697 98,514 737,183 737,183 79,416 657,767 737,183 737,183 79,416 657,767 756,281 756,281 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 2,371,397 2,371,397 183 $ 2,371,397 2,371,397 $ 756,281 756,281 2,882,620 3,638,901 511,223 1,267,504 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Courts Special Revenue Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 6,784,797 20,620 $ 6,784,801 20,616 $ 6,472,045 109,154 $ (312,756) 88,538 6,805,417 6,805,417 6,581,199 (224,218) Total expenditures 7,405,417 7,405,417 7,405,417 7,405,417 6,764,296 6,764,296 641,121 641,121 Deficiency of revenues under expenditures (600,000) (600,000) (183,097) 416,903 Total revenues EXPENDITURES Current: Public safety Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (600,000) (600,000) (183,097) 416,903 3,571,159 2,971,159 3,571,159 2,971,159 4,336,696 4,153,599 765,537 1,182,440 184 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Diversion Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Miscellaneous Total revenues 131,631 $ 131,622 $ 93,071 $ (38,551) 4,194 27,045 4,200 27,048 3,478 36,693 (722) 9,645 162,870 162,870 133,242 (29,628) EXPENDITURES Current: 312,611 312,611 253,416 59,195 Total expenditures 312,611 312,611 253,416 59,195 Deficiency of revenues under expenditures (149,741) (149,741) (120,174) 29,567 Net change in fund balances (149,741) (149,741) (120,174) 29,567 149,741 149,741 238,047 117,873 88,306 117,873 Public safety Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 185 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Interest income Total revenues 3,581,679 $ 3,428,167 $ 3,021,526 $ (406,641) 4,000 3,585,679 12,000 3,440,167 15,248 3,036,774 3,248 (403,393) 3,570,679 3,425,167 3,050,128 375,039 3,570,679 3,425,167 3,050,128 375,039 15,000 15,000 (13,354) (28,354) EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses (15,000) (15,000) (15,000) (15,000) (15,000) (15,000) 276,167 276,167 276,167 276,167 Net change in fund balances (13,354) Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 186 $ $ 352,280 338,926 (13,354) $ 76,113 62,759 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Special Fees Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits Interest income Total revenues 225,792 $ 225,791 $ 117,264 $ (108,527) 2,437,491 6,500 2,437,488 6,504 2,105,637 21,053 (331,851) 14,549 2,669,783 2,669,783 2,243,954 (425,829) EXPENDITURES Current: 3,669,783 3,669,783 2,576,902 1,092,881 Total expenditures 3,669,783 3,669,783 2,576,902 1,092,881 Deficiency of revenues under expenditures (1,000,000) (1,000,000) (332,948) 667,052 Net change in fund balances (1,000,000) (1,000,000) (332,948) 667,052 1,017,254 17,254 1,017,254 17,254 1,119,734 786,786 102,480 769,532 Public safety Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 187 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Restitution Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Miscellaneous Total revenues 2,033 1,259 $ 2,033 1,259 3,292 3,292 EXPENDITURES Current: Public safety Total expenditures 50,000 50,000 50,000 50,000 19,130 19,130 30,870 30,870 Deficiency of revenues under expenditures (50,000) (50,000) (15,838) 34,162 15,000 15,000 15,000 15,000 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 15,000 15,000 (35,000) (35,000) (15,838) 111,753 76,753 111,753 76,753 111,182 95,344 188 $ $ 19,162 $ (571) 18,591 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Lake Pleasant Recreation Services Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 3,275,309 Interest income $ 3,275,809 $ 4,073,371 $ 797,562 7,776 1,000 7,776 500 43,591 6,043 35,815 5,543 3,284,085 3,284,085 4,123,005 838,920 3,634,085 365,000 3,681,696 317,389 3,517,703 253,949 163,993 63,440 Total expenditures 3,999,085 3,999,085 3,771,652 227,433 Excess (deficiency) of revenues over expenditures (715,000) (715,000) 351,353 1,066,353 1,066,353 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (715,000) (715,000) 351,353 1,048,181 333,181 1,048,181 333,181 1,248,738 1,600,091 189 $ $ $ 200,557 1,266,910 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Law Library Fees Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,445,744 Fines and forfeits 1,445,748 $ 1,417,316 $ (28,432) 514 22,536 1 60,372 (513) 37,836 1,468,798 1,468,798 1,477,689 8,891 1,468,798 1,468,798 921,886 546,912 1,468,798 1,468,798 921,886 546,912 555,803 555,803 Interest income Total revenues $ 516 22,538 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, July 1, 2019 Fund balance, June 30, 2020 $ (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (444,197) 2,714,364 1,714,364 2,714,364 1,714,364 2,779,887 2,335,690 190 $ $ 555,803 $ 65,523 621,326 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Taxes $ 23,799,901 $ 23,799,901 $ 23,727,126 $ (72,775) Intergovernmental 416,564 416,514 418,016 1,502 Charges for services 6,700,471 7,275,471 5,485,740 (1,789,731) Fines and forfeits 147,221 147,283 124,451 (22,832) Interest income 100,000 281,377 100,000 281,365 370,928 209,524 270,928 (71,841) 31,445,534 32,020,534 30,335,785 (1,684,749) 31,080,534 2,913,621 31,655,524 2,913,631 27,045,981 357,556 4,609,543 2,556,075 Total expenditures 33,994,155 34,569,155 27,403,537 7,165,618 Excess (deficiency) of revenues over expenditures (2,548,621) (2,548,621) 2,932,248 5,480,869 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (548,621) (548,621) 4,932,248 5,480,869 6,697,272 6,148,651 6,697,272 6,148,651 9,751,274 14,683,522 3,054,002 8,534,871 191 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 75,000 $ Miscellaneous 85,000 548 $ 26,395 $ (58,605) (548) 75,000 85,548 26,395 (59,153) Culture and recreation 75,000 85,548 26,395 59,153 Total expenditures 75,000 85,548 26,395 59,153 Total revenues EXPENDITURES Current: Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 319,758 319,758 $ 192 $ 319,758 319,758 $ $ (319,758) (319,758) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Medical Examiner Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 55,000 $ 65,000 $ Interest income Total revenues 36,327 991 $ (28,673) 991 55,000 65,000 37,318 (27,682) 20,000 35,000 30,000 35,000 12,587 24,731 17,413 10,269 55,000 65,000 37,318 27,682 EXPENDITURES Current: Health welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2019 Fund balance (deficit), June 30, 2020 (4,521) (4,521) $ 193 $ (4,521) (4,521) $ $ 4,521 4,521 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Non-Departmental Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 52,013,299 $ 52,513,299 $ Interest Income Miscellaneous Total revenues 2,785,327 $ (49,727,972) 1,167 1,167 (10,196,147) (59,922,952) 10,237,785 10,196,147 62,251,084 62,709,446 2,786,494 EXPENDITURES Current: General government 24,439,007 1,533,954 2,044,606 (510,652) Public safety 30,374,088 7,437,989 7,612,167 262,400 727,987 6,884,180 262,400 62,251,084 9,408,521 2,772,593 6,635,928 53,300,925 13,901 (53,287,024) (14,208) (14,208) (14,208) (14,208) 53,286,717 (307) Health Welfare and Sanitation Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund deficit, July 1, 2019 Fund balance (deficit), June 30, 2020 217 217 $ 194 $ 217 53,286,934 $ (307) (53,287,024) $ (217) (53,287,241) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Officer Safety Equipment Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Interest income 146,000 4,000 $ 146,000 4,000 $ 78,372 15,779 $ (67,628) 11,779 150,000 150,000 94,151 (55,849) Total expenditures 493,565 493,565 493,565 493,565 29,359 29,359 464,206 464,206 Excess (deficiency) of revenues over expenditures (343,565) (343,565) 64,792 408,357 Net change in fund balances (343,565) (343,565) 64,792 408,357 355,756 12,191 355,756 12,191 520,223 585,015 164,467 572,824 Total revenues EXPENDITURES Current: Public safety Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 195 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Palo Verde Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Interest income Total revenues 669,753 4,201 $ 669,754 4,200 $ 669,753 29,115 $ (1) 24,915 673,954 673,954 698,868 24,914 673,954 673,954 673,479 475 673,954 673,954 673,479 475 25,389 25,389 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 196 984,390 984,390 $ 984,390 984,390 $ 25,389 25,389 1,004,973 1,030,362 20,583 45,972 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks and Recreation Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ 2,200 $ Miscellaneous 2,314 5,654 $ 114 5,664 2,200 7,968 5,768 Culture and recreation 2,200 2,314 (114) Total expenditures 2,200 2,314 (114) Excess of revenues over expenditures 5,654 5,654 Net change in fund balances 5,654 5,654 Total revenues EXPENDITURES Current: Fund deficit, July 1, 2019 Fund balance (deficit), June 30, 2020 $ 197 (19,644) (19,644) $ (19,644) (19,644) (5,654) $ $ 13,990 19,644 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Donations Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 2,760 22,644 Miscellaneous $ 2,760 22,644 $ 9,201 41,698 $ 6,441 19,054 25,404 25,404 50,899 25,495 50,404 110,000 50,404 110,000 25,403 25,001 110,000 Total expenditures 160,404 160,404 25,403 135,001 Excess (deficiency) of revenues over expenditures (135,000) (135,000) 25,496 160,496 Net change in fund balances (135,000) (135,000) 25,496 160,496 Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Fund balance, July 1, 2019 Fund balance, June 30, 2020 453,138 318,138 $ 198 $ 453,138 318,138 $ 469,468 494,964 $ 16,330 176,826 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Enhancement Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 5,833,234 $ 5,832,402 $ Fines and forfeits Interest income 6,642,366 $ 809,964 4 4 19,368 20,200 74,130 38,711 53,930 38,711 5,852,602 5,852,602 6,755,211 902,609 5,999,522 1,307,750 6,327,272 980,000 5,835,420 727,778 491,852 252,222 Total expenditures 7,307,272 7,307,272 6,563,198 744,074 Excess (deficiency) of revenues over expenditures (1,454,670) (1,454,670) 192,013 1,646,683 Net change in fund balances (1,454,670) (1,454,670) 192,013 1,646,683 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 1,781,450 326,780 199 $ 1,781,450 326,780 $ 2,427,138 2,619,151 $ 645,688 2,292,371 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Souvenir Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 395,983 200 $ 396,143 40 $ 347,147 (170) $ (48,996) (210) 396,183 396,183 346,977 (49,206) Culture and recreation 396,183 396,183 346,977 49,206 Total expenditures 396,183 396,183 346,977 49,206 Total revenues EXPENDITURES Current: Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 43,239 43,239 $ 200 $ 43,239 43,239 $ 28,735 28,735 $ (14,504) (14,504) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Planning and Development Fees Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Charges for services 5,041,084 $ 5,041,084 $ 8,193,928 $ 5,150,432 Fines and forfeits 25,705 25,705 35,328 9,623 Interest income 42,000 19,000 42,000 19,000 616,973 216,129 574,973 197,129 10,278,221 10,278,221 16,579,196 6,300,975 12,146,824 147,073 12,143,897 150,000 11,187,379 174,967 956,518 (24,967) Total expenditures 12,293,897 12,293,897 11,362,346 931,551 Excess (deficiency) of revenues over expenditures (2,015,676) (2,015,676) 5,216,850 7,232,526 Miscellaneous Total revenues 7,516,838 3,152,844 5,150,432 2,366,406 EXPENDITURES Current: Public safety Capital outlay Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 201 (2,015,676) (2,015,676) 5,216,850 7,232,526 13,534,810 11,519,134 13,534,810 11,519,134 16,837,328 22,054,178 3,302,518 10,535,044 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Probate Fees Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 390,800 1,200 $ 390,800 1,200 $ 418,015 2,386 $ 27,215 1,186 392,000 392,000 420,401 28,401 EXPENDITURES Current: 467,000 467,000 396,948 70,052 Total expenditures 467,000 467,000 396,948 70,052 Excess (deficiency) of revenues over expenditures (75,000) (75,000) 23,453 98,453 Net change in fund balances (75,000) (75,000) 23,453 98,453 75,000 75,000 117,411 Public safety Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ $ 202 $ 140,864 42,411 $ 140,864 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Fill the Gap Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 879,367 $ 879,367 $ Interest income Total revenues 904,589 7,468 $ 25,222 7,468 879,367 879,367 912,057 32,690 EXPENDITURES Current: 1,004,807 1,174,674 845,443 329,231 Total expenditures 1,004,807 1,174,674 845,443 329,231 Excess (deficiency) of revenues over expenditures (125,440) (295,307) 66,614 361,921 Net change in fund balances (125,440) (295,307) 66,614 361,921 Public safety Fund balance, July 1, 2019 Fund balance (deficit), June 30, 2020 125,440 $ $ 203 125,440 (169,867) $ 305,345 371,959 $ 179,905 541,826 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 198,515 $ 5,979,476 $ 1,420,689 $ (4,558,787) 198,515 5,979,476 1,420,689 (4,558,787) 198,515 5,497,730 940,297 4,557,433 198,515 5,497,730 940,297 4,557,433 481,746 480,392 (1,354) (481,747) (481,747) (481,747) (481,747) (1) (1,355) 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, July 1, 2019 Fund balance (deficit), June 30, 2020 26,226 26,226 $ 204 $ 26,226 26,225 $ (1,355) (1,354) $ (26,226) (27,580) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Defender Training Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 278,023 $ 278,023 $ Interest income Miscellaneous Total revenues 266,782 $ (11,241) 17,955 17,955 4,828 18,370 4,828 415 295,978 295,978 289,980 (5,998) EXPENDITURES Current: 442,640 442,640 286,160 156,480 Total expenditures 442,640 442,640 286,160 156,480 Excess (deficiency) of revenues over expenditures (146,662) (146,662) 3,820 150,482 Net change in fund balances (146,662) (146,662) 3,820 150,482 Public safety Fund balance, July 1, 2019 Fund balance, June 30, 2020 146,662 146,662 $ $ 205 $ 287,864 291,684 $ 141,202 291,684 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Health Fees Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 7,947,963 $ 7,947,963 $ 7,664,316 $ (283,647) 60,000 8,007,963 60,000 8,007,963 211,695 7,876,011 151,695 (131,952) 9,681,463 19,500 9,681,463 19,500 7,962,753 118,071 1,718,710 (98,571) Total expenditures 9,700,963 9,700,963 8,080,824 1,620,139 Deficiency of revenues under expenditures (1,693,000) (1,693,000) (204,813) 1,488,187 Total other financing sources 3,000 3,000 3,000 3,000 822 822 (2,178) (2,178) Net change in fund balances (1,690,000) (1,690,000) (203,991) 1,486,009 7,985,279 7,985,279 7,964,236 (21,043) Total revenues EXPENDITURES Current: Health, welfare, and sanitation Capital outlay OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2019 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2020 $ 6,295,279 206 $ 6,295,279 $ 108,254 7,868,499 $ 108,254 1,573,220 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Public Health Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 49,465,102 49,465,102 $ 51,705,902 51,705,902 $ 44,121,794 44,121,794 $ (7,584,108) (7,584,108) EXPENDITURES Current: Health, welfare, and sanitation 49,465,102 51,705,902 43,815,829 47,031 7,890,073 (47,031) 49,465,102 51,705,902 43,862,860 7,843,042 258,934 258,934 258,934 258,934 (3,161,966) (883,993) Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2019 (2,277,973) (2,277,973) Change in nonspendable resources: (60,581) Decrease in inventories Fund deficit, June 30, 2020 $ (2,277,973) 207 $ (2,277,973) $ (2,963,613) (60,581) $ (685,640) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Recorder’s Surcharge Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 3,801,889 5,800 $ 3,801,893 5,796 $ 4,487,408 63,694 $ 685,515 57,898 3,807,689 3,807,689 4,551,102 743,413 3,204,760 3,303,790 3,630,086 (326,296) 500,061 400,856 278,513 122,343 702,650 702,825 21,721 207,058 (21,721) 495,767 4,407,471 4,407,471 4,137,378 270,093 (599,782) (599,782) 413,724 1,013,506 236,622 236,622 236,622 236,622 (363,160) 650,346 EXPENDITURES Current: General government Debt service Debt service interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances (599,782) Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 903,587 303,805 208 $ 903,587 540,427 $ 1,732,658 2,383,004 1,013,506 $ 829,071 1,842,577 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Communication Expense Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 551,705 Charges for services $ 50,004 551,705 $ 262,200 $ (289,505) 50,004 423,622 373,618 601,709 601,709 21,413 707,235 21,413 105,526 Total expenditures 1,000,992 1,000,992 1,000,992 1,000,992 683,966 683,966 317,026 317,026 Excess (deficiency) of revenues over expenditures (399,283) (399,283) 23,269 422,552 Interest income Total revenues EXPENDITURES Current: Education Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 209 (399,283) (399,283) 23,269 422,552 2,214,528 1,815,245 2,214,528 1,815,245 2,594,060 2,617,329 379,532 802,084 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 15,425,567 15,425,567 $ 15,425,567 15,425,567 $ 9,597,738 9,597,738 $ (5,827,829) (5,827,829) EXPENDITURES Current: Education Total expenditures Deficiency of revenues under expenditures 15,799,392 15,799,392 11,532,362 4,267,030 15,799,392 15,799,392 11,532,362 4,267,030 (373,825) (373,825) (1,934,624) (1,560,799) (1,560,799) (1,560,799) (946,320) (946,320) (946,320) (946,320) Net change in fund balances Fund deficit, July 1, 2019 Fund deficit, June 30, 2020 $ 210 $ $ (121,034) (1,681,833) $ 825,286 (735,513) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Transportation Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 600,000 $ 600,000 $ Interest income Total revenues 935,668 $ 335,668 600,000 600,000 16,888 952,556 16,888 352,556 600,000 600,000 340,323 259,677 600,000 600,000 340,323 259,677 612,233 612,233 EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 518,172 518,172 $ 211 $ 518,172 518,172 $ 612,233 612,233 270,308 882,541 (247,864) 364,369 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Donations Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeit $ 22,000 Interest income Miscellaneous Total revenues $ 21,996 $ 33,817 $ 11,821 3,000 35,000 3,000 35,004 10,851 17,520 7,851 (17,484) 60,000 60,000 62,188 2,188 52,500 107,500 52,500 107,500 52,500 107,500 160,000 160,000 160,000 (100,000) (100,000) 62,188 (925,000) (925,000) (925,000) (925,000) EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures 162,188 OTHER FINANCING SOURCES Transfers Out Total other financing sources Net change in fund balances Fund balance, July 1, 2019 Fund balance (deficit), June 30, 2020 $ 212 (100,000) (1,025,000) (862,812) 162,188 113,824 13,824 113,824 (911,176) 1,267,876 405,064 1,154,052 1,316,240 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 3,192,739 Interest income $ 3,192,739 $ $ (536,416) 2,400 4,947 17,074 2,547 17,074 3,195,139 3,195,139 2,678,344 (516,795) 2,993,889 201,250 2,993,889 201,250 2,394,397 517,695 599,492 (316,445) 3,195,139 3,195,139 2,912,092 283,047 (233,748) (233,748) (233,748) (291,221) (233,748) 509,959 Miscellaneous Total revenues 2,656,323 2,400 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances (801,180) Fund deficit, July 1, 2019 Fund deficit, June 30, 2020 $ (801,180) 213 (801,180) $ (801,180) $ (524,969) $ 276,211 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Jail Enhancement Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 1,469,592 Interest income $ 1,469,592 $ 960,303 $ (509,289) 12,852 12,852 108,744 3,000 95,892 3,000 1,482,444 1,482,444 1,072,047 (410,397) 2,280,942 1,201,502 2,280,940 1,201,504 1,835,348 174,723 445,592 1,026,781 Total expenditures 3,482,444 3,482,444 2,010,071 1,472,373 Deficiency of revenues under expenditures (2,000,000) (2,000,000) (938,024) 1,061,976 Net change in fund balances (2,000,000) (2,000,000) (938,024) 1,061,976 Miscellaneous Total revenues EXPENDITURES Current: Public safety Capital outlay Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 3,822,700 1,822,700 214 $ 3,822,700 1,822,700 $ 4,251,926 3,313,902 $ 429,226 1,491,202 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff RICO Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 523,651 523,651 Total revenues $ 523,651 523,651 $ 178,636 178,636 $ (345,015) (345,015) EXPENDITURES Current: Public safety 523,651 523,651 Total expenditures 523,651 523,651 Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 4,452 4,452 $ 215 $ 4,452 4,452 $ 155,707 155,707 367,944 367,944 22,929 22,929 22,929 22,929 62,619 85,548 $ 58,167 81,096 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Towing and Impound Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 600 59,400 Miscellaneous $ 600 59,400 $ 2,501 51,926 $ 1,901 (7,474) 60,000 60,000 54,427 (5,573) Total expenditures 160,650 160,650 160,650 160,650 137,319 137,319 23,331 23,331 Deficiency of revenues under expenditures (100,650) (100,650) (82,892) 17,758 Net change in fund balances (100,650) (100,650) (82,892) 17,758 136,989 36,339 136,989 36,339 159,552 76,660 22,563 40,321 Total revenues EXPENDITURES Current: Public safety Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 216 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Small School Service Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 109,551 $ 109,551 $ Interest income Total revenues 109,657 4,144 $ 106 4,144 109,551 109,551 113,801 4,250 109,551 109,551 104,077 5,474 109,551 109,551 104,077 5,474 9,724 9,724 EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 277,189 277,189 217 $ 277,189 277,189 $ 9,724 9,724 184,965 194,689 (92,224) (82,500) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Spousal Maintenance Enforcement Enhancement Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 107,650 350 Interest income Total revenues $ 107,652 348 $ 115,825 3,492 108,000 108,000 119,317 108,000 108,000 108,000 108,000 108,000 108,000 $ 8,173 3,144 11,317 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures 11,317 11,317 Net change in fund balances 11,317 11,317 Fund balance, July 1, 2019 Fund balance, June 30, 2020 153,662 153,662 $ 218 $ 153,662 153,662 $ 175,271 186,588 $ 21,609 32,926 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Spur Cross Ranch Conservation Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 293,205 1,750 $ 293,203 1,752 $ 327,125 14,015 $ 33,922 12,263 294,955 294,955 341,140 46,185 211,372 108,583 319,955 160,482 159,473 Total expenditures 319,955 319,955 160,482 159,473 Excess (deficiency) of revenues over expenditures (25,000) (25,000) 180,658 205,658 Net change in fund balances (25,000) (25,000) 180,658 205,658 Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 276,265 251,265 219 $ 276,265 251,265 $ 323,150 503,808 $ 46,885 252,543 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Building Repair – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Total revenues 14,743 $ 14,743 14,743 14,743 EXPENDITURES Current: Public safety 1,150,000 1,145,312 750,951 5,215 394,361 (5,215) Total expenditures 1,150,000 1,145,312 756,166 389,146 Deficiency of revenues under expenditures (1,150,000) (1,145,312) (741,423) 403,889 1,000,000 1,000,000 1,000,000 Total other financing sources 1,000,000 1,000,000 1,000,000 Net change in fund balances (150,000) (145,312) 258,577 Capital outlay OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2019 Fund balance, June 30, 2020 150,000 $ $ 220 150,000 4,688 $ 161,978 420,555 403,889 $ 11,978 415,867 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Fill the Gap Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,814,395 $ 1,814,869 $ 1,814,870 $ 1 103 1,814,498 1 1,814,870 (1) 1,814,870 1,814,498 1,814,870 1,813,699 1,171 1,814,498 1,814,870 1,813,699 1,171 1,171 1,171 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2019 Fund balance (deficit), June 30, 2020 (64,736) (64,736) $ 221 $ (64,736) (64,736) $ 1,171 1,171 1,171 64,736 65,907 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 3,815,232 $ $ 3,275,220 $ (804,529) 1,456,560 1,183,356 1,508 1,512 7,523 6,011 6,056,806 30,000 5,567,821 26,400 4,492,499 (3,600) (1,075,322) 6,056,806 5,582,029 4,568,569 6,257 1,013,460 (6,257) 6,056,806 5,582,029 4,574,826 1,007,203 (14,208) (82,327) (68,119) 14,208 14,208 14,208 14,208 Interest income Miscellaneous Total revenues 4,079,749 2,240,066 (273,204) EXPENDITURES Current: Public safety Capital Outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES Transfers In Total Other Financing Sources Net change in fund balances (68,119) Fund deficit, July 1, 2019 Fund deficit, June 30, 2020 (53,597) (53,597) $ 222 $ (53,597) (53,597) $ (40,624) (108,743) (68,119) $ 12,973 (55,146) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Judicial Enhancement Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 495,411 $ 495,411 $ 480,755 $ (14,656) 29,316 524,727 29,316 524,727 22,273 503,028 (7,043) (21,699) EXPENDITURES Current: 1,049,727 1,049,727 357,987 691,740 Total expenditures 1,049,727 1,049,727 357,987 691,740 Excess (deficiency) of revenues over expenditures (525,000) (525,000) 145,041 670,041 Net change in fund balances (525,000) (525,000) 145,041 670,041 779,657 254,657 779,657 254,657 723,577 868,618 Public safety Fund balance, July 1, 2019 Fund balance , June 30, 2020 $ 223 $ $ $ (56,080) 613,961 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Special Revenue Fund – Special Revenue Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 4,906,780 Interest income 4,906,788 $ 5,081,946 $ 175,158 4,996 20,496 68,882 16,946 63,886 (3,550) 4,932,280 4,932,280 5,167,774 235,494 Miscellaneous Total revenues $ 5,004 20,496 EXPENDITURES Current: 5,367,629 5,367,629 4,700,530 667,099 Total expenditures 5,367,629 5,367,629 4,700,530 667,009 Excess (deficiency) of revenues over expenditures (435,349) (435,349) 467,244 902,593 Public safety Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (435,349) (435,349) 467,244 902,593 1,723,933 1,288,584 1,723,933 1,288,584 2,377,453 2,844,697 653,520 1,556,113 224 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Taxpayer Information Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ $ $ 154,360 $ 154,360 (125,000) 125,000 125,000 125,000 125,000 154,360 29,360 General government 125,000 125,000 470,687 (345,687) Total expenditures 125,000 125,000 470,687 (345,687) (316,327) (316,327) (316,327) (316,327) Miscellaneous Total revenues EXPENDITURES Current: Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 290,066 290,066 $ 225 $ 290,066 290,066 $ 384,489 68,162 $ 94,423 (221,904) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Grants Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 1,355,396 1,355,396 $ 1,355,396 1,355,396 $ 295,494 295,494 $ (1,059,902) (1,059,902) EXPENDITURES Current: Highways and streets 1,355,396 1,355,396 105,637 1,249,759 Total expenditures 1,355,396 1,355,396 105,637 1,249,759 189,857 189,857 Excess of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2019 Fund deficit, June 30, 2020 (11,062) (11,062) $ 226 $ (11,062) (11,062) $ 189,857 189,857 (246,495) (56,638) (235,433) (45,576) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Operations Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Licenses and permits $ Intergovernmental 3,700,000 $ 134,262,720 Charges for services 3,700,000 $ 134,262,720 4,277,776 $ 128,478,495 577,776 (5,784,225) 18,500 18,500 9,067 (9,433) 1,185,000 901,138 1,185,000 901,138 3,288,683 1,712,173 2,103,683 811,035 140,067,358 140,067,358 137,766,194 (2,301,164) 87,628,466 7,456,608 87,628,466 7,456,608 83,754,820 7,131,139 3,873,646 325,469 Total expenditures 95,085,074 95,085,074 90,885,959 4,199,115 Excess of revenues over expenditures 44,982,284 44,982,284 46,880,235 1,897,951 5,058,720 5,058,720 300,000 (56,094,680) 300,000 (56,094,680) (51,420,123) (300,000) 4,674,557 Total other financing uses (55,794,680) (55,794,680) (46,361,403) 9,433,277 Net change in fund balances (10,812,396) (10,812,396) 518,832 11,331,228 50,510,209 50,510,209 53,988,124 3,477,915 235,266 235,266 Interest income Miscellaneous Total revenues EXPENDITURES Current: Highways and streets Capital outlay OTHER FINANCING USES Capital Lease Transfer in Transfers out Fund balance, July 1, 2019 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2020 $ 39,697,813 227 $ 39,697,813 $ 54,742,222 $ 15,044,409 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Compensation Interest Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 25,000 25,000 Total revenues $ 25,000 25,000 $ 49,502 49,502 $ 24,502 24,502 EXPENDITURES Current: 125,000 125,000 13,943 111,057 Total expenditures 125,000 125,000 13,943 111,057 Excess (deficiency) of revenues over expenditures (100,000) (100,000) 35,559 135,559 Net change in fund balances (100,000) (100,000) 35,559 135,559 753,157 653,157 753,157 653,157 870,655 906,214 117,498 253,057 Public safety Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 228 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Compensation Restitution Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 185,120 20,140 Interest income Total revenues $ 185,124 20,136 $ 201,540 42,336 $ 16,416 22,200 205,260 205,260 243,876 38,616 205,260 205,260 805,260 805,260 257,080 257,080 548,180 548,180 (600,000) (13,204) 586,796 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 1,655,533 1,655,533 229 $ (600,000) (13,204) 586,796 1,655,533 1,055,533 1,515,771 1,502,567 (139,762) 447,034 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Location Fund – Special Revenue Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income Total revenues $ 2,000 2,000 Excess of revenues over expenditures 2,000 2,000 Net change in fund balances 2,000 9,475 11,475 Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 230 $ $ 2,000 2,000 $ 8,673 8,673 $ 6,673 6,673 8,673 6,673 2,000 8,673 6,673 9,475 11,475 15,952 24,625 $ $ 6,477 13,150 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Management Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ Miscellaneous Total revenues 65,000 65,000 $ 9,482 85,984 $ 9,482 20,984 65,000 65,000 95,466 30,466 EXPENDITURES Current: 559,061 601,871 93,205 508,666 Total expenditures 559,061 601,871 93,205 508,666 Excess (deficiency) of revenues over expenditures (494,061) (536,871) 2,261 539,132 Net change in fund balances (494,061) (536,871) 2,261 539,132 513,646 19,585 513,646 (23,225) 536,874 539,135 Health welfare and sanitation Fund balance, July 1, 2019 Fund balance (deficit), June 30, 2020 $ 231 $ $ $ 23,228 562,360 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Tire Fund – Special Revenue Fund Year Ended June 30, 2020 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services Interest income Total revenues 5,527,004 $ 5,529,641 $ 5,813,987 $ 284,346 285,592 12,404 282,703 12,656 335,850 74,383 53,147 61,727 5,825,000 5,825,000 6,224,220 399,220 5,825,000 6,425,000 6,325,495 99,505 5,825,000 6,425,000 6,325,495 99,505 (600,000) (101,275) 498,725 (600,000) (101,275) 498,725 3,208,409 3,270,307 EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances 3,208,409 Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 3,208,409 232 $ 2,608,409 $ 3,169,032 61,898 $ 560,623 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Improvement Debt Fund – Debt Service Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Total revenues 201,199 201,199 $ 201,199 201,199 EXPENDITURES Debt service: Principal 21,063,920 67,188,920 66,078,920 1,110,000 Interest Total expenditures 4,205,552 25,269,472 6,474,052 73,662,972 6,746,141 72,825,061 (272,089) 837,911 Deficiency of revenues under expenditures (25,269,472) (73,662,972) (72,623,862) 1,039,110 24,755,913 73,149,413 73,160,950 11,537 24,755,913 73,149,413 73,160,950 11,537 1,050,647 OTHER FINANCING SOURCES Transfers In Total other financing sources Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (513,559) (513,559) 537,088 4,982,229 4,982,229 5,306,448 4,468,670 233 $ 4,468,670 $ 5,843,536 324,219 $ 1,374,866 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Improvement Fund – Capital Projects Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ $ Interest income Total revenues 711,355 4,055,127 $ 711,355 4,055,127 4,766,482 4,766,482 EXPENDITURES Debt Service 96,041,074 89,109,483 825,546 36,077,161 (825,546) 53,032,322 Total expenditures 96,041,074 89,109,483 36,902,707 52,206,776 Deficiency of revenues under expenditures (96,041,074) (89,109,483) (32,136,225) 56,973,258 133,440,000 133,440,000 7,397,084 7,397,084 Capital outlay OTHER FINANCING SOURCES (USES) Bond Proceeds Premium from bond issuance Transfers in 48,393,500 Transfers out Total other financing sources (uses) (48,393,500) Net change in fund balances (47,647,574) 74,007,340 26,359,766 Fund balance, July 1, 2019 Fund balance (deficit), June 30, 2020 $ 234 $ (89,109,483) 74,007,340 (15,102,143) $ (11,537) 11,537 140,825,547 140,848,621 108,689,322 70,508,859 179,198,181 197,798,805 (3,498,481) 194,300,324 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Detention Capital Projects Fund – Capital Projects Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ 31,903,673 $ 37,886,368 $ 29,381,165 $ 8,505,203 Total expenditures 31,903,673 37,886,368 29,381,165 8,505,203 Deficiency of revenues under expenditures (31,903,673) (37,886,368) (29,381,165) 8,505,203 OTHER FINANCING SOURCES (USES) Transfers in 4,759,667 4,759,667 8,198,895 3,439,228 Transfers out (4,785,575) (25,908) (4,785,575) (25,908) (4,785,575) 3,413,320 3,439,228 (31,929,581) 81,664,734 49,735,153 (37,912,276) 81,664,734 43,752,458 (25,967,845) 88,760,059 62,792,214 11,944,431 7,095,325 19,039,756 Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 235 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Detention Technology Capital Improvement Fund – Capital Projects Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) OTHER FINANCING USES Transfers in $ 1,508,435 $ 1,508,435 $ 1,508,435 Total other financing uses 1,508,435 1,508,435 1,508,435 Excess of revenues over expenditures 1,508,435 1,508,435 1,508,435 Net change in fund balances 1,508,435 5 1,508,440 1,508,435 5 1,508,440 1,508,435 5 1,508,440 Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 236 $ $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Capital Projects Fund – Capital Projects Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 3,345,000 $ 3,345,000 $ Miscellaneous Total revenues 1,051,720 29,173 $ (2,293,280) 29,173 3,345,000 3,345,000 1,080,893 (2,264,107) EXPENDITURES 85,303,029 85,303,029 44,913,659 40,389,370 Total expenditures 85,303,029 85,303,029 44,913,659 40,389,370 Deficiency of revenues under expenditures (81,958,029) (81,958,029) (43,832,766) 38,125,263 33,849,772 33,849,772 33,849,772 Total other financing sources 33,849,772 33,849,772 33,849,772 Net change in fund balances (48,108,257) (48,108,257) (9,982,994) 83,196,619 83,196,619 88,901,712 Capital outlay OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 35,088,362 237 $ 35,088,362 $ 78,918,718 38,125,263 5,705,093 $ 43,830,356 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual General Fund County Improvements Fund – Capital Projects Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ 33,505,152 $ 34,414,260 $ 12,062,579 $ 22,351,681 Total expenditures 33,505,152 34,414,260 12,062,579 22,351,681 Deficiency of revenues under expenditures (33,505,152) (34,414,260) (12,062,579) 22,351,681 Transfers in 139,146,362 139,146,362 141,286,033 2,139,671 Transfers out (71,967,372) (71,967,372) (71,967,372) 67,178,990 67,178,990 69,318,661 2,139,671 24,491,352 OTHER FINANCING SOURCES (USES) Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 33,673,838 32,764,730 57,256,082 416,741,362 416,741,362 420,569,821 450,415,200 238 $ 449,506,092 $ 477,825,903 3,828,459 $ 28,319,811 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Capital Improvement Fund – Capital Projects Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 120,000 $ 120,000 $ 295,369 $ 175,369 Total revenues 120,000 120,000 295,369 175,369 Excess of revenues over expenditures 120,000 120,000 295,369 175,369 (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) (2,000,000) OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ (1,880,000) (1,880,000) (1,704,631) 175,369 11,926,785 11,926,785 12,066,659 139,874 10,046,785 239 $ 10,046,785 $ 10,362,028 $ 315,243 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff MASH Capital Donation Fund – Capital Projects Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Total revenues 15,825 $ 15,825 15,825 15,825 EXPENDITURES 925,000 470,491 454,509 Total expenditures 925,000 470,491 454,509 Excess (deficiency) of revenues over expenditures (925,000) (454,666) 470,334 925,000 925,000 925,000 925,000 Capital outlay OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances 470,334 470,334 Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ $ 240 $ 470,334 $ 470,334 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Technology Capital Improvement – Capital Projects Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ $ $ $ Total revenues EXPENDITURES 26,842,179 26,826,690 14,831,097 11,995,593 Total expenditures 26,842,179 26,826,690 14,831,097 11,995,593 Deficiency of revenues under expenditures (26,842,179) (26,826,690) (14,831,097) 11,995,593 56,263,390 (11,491,953) 56,263,390 (11,491,953) 56,263,390 (11,491,953) Total other financing sources (uses) 44,771,437 44,771,437 44,771,437 Net change in fund balances 17,929,258 73,598,513 17,944,747 73,598,513 29,940,340 77,276,324 Capital outlay OTHER FINANCING SOURCES (USES) Transfers in Transfers out Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 91,527,771 241 $ 91,543,260 $ 107,216,664 11,995,593 3,677,811 $ 15,673,404 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Capital Project Fund – Capital Projects Fund Year Ended June 30, 2020 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Charges for services 22,147,320 $ 5,143,413 22,164,141 $ $ (4,709,975) 4,768,354 (358,238) 27,290,733 27,290,733 42,272 22,264,792 42,272 (5,025,941) Miscellaneous Total revenues 17,454,166 5,126,592 EXPENDITURES 113,391,278 113,391,278 97,162,421 16,228,857 Total expenditures 113,391,278 113,391,278 97,162,421 16,228,857 Deficiency of revenues under expenditures (86,100,545) (86,100,545) (74,897,629) 11,202,916 56,094,680 56,094,680 51,420,123 4,674,557 Total other financing sources 56,094,680 56,094,680 51,420,123 4,674,557 Net change in fund balances (30,005,865) (30,005,865) (23,477,506) 6,528,359 Capital outlay OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2019 Fund balance, June 30, 2020 $ 76,397,999 46,392,134 242 $ 76,397,999 46,392,134 $ 77,080,791 53,603,285 $ 682,792 7,211,151 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects Year Ended June 30, 2020 Budgeted Amounts Original Final Actual Amounts Variance with Final Budget GENERAL GOVERNMENT Sheriff MASH Capital Donation Fund Mash Facility Total Sheriff MASH Capital Donation Fund County Improvement 301 - Administration Building Renovation Computer Aided Mass Appraisal East Valley Animal Care and Control Facility Enterprise Res Planning System Jail Management Information System Madison Street Jail Adaptation Phase MCSO Substation at Avondale Campus Non-recurring Non-project Radio System Southeast Regional Justice Center at Mesa Total County Improvements General Fund County Improvements Adobe Dam - Compound Pump Station Adult Probation Southport Automatic Entry Gates Buckeye Hills Range Electric Cave Creek Shaded Park Host Sites East Valley Animal Care and Control Facility Entry Station and Maintenance Buildings Equipment Services - Fuel Stations Buckeye Equipment Services - Fuel Stations Durango Equipment Services - Fuel Stations Mesa Equipment Services - Fuel Stations Surprise Estrella Ramada Renovations Estrella - Shaded Host Sites Hassayampa Hassayampa - Visitor Center Renovations Host Sites Lake Boundary Fencing Lake Pleasant - Boat Ramp Upgrades Lake Pleasant - Campsite Repairs and Renov Lake Pleasant - Water Storage Tank Upgrades Lake Ramada Renovations Maricopa Regional Trail System McDowell Restroom at Four Peaks McDowell - Shaded Host Sites Nav Aide Boathouse (Lake Pleasant) Parks Restroom Upgrades Project Reserve San Tan Mtn Goldmine Trailhead Superior Court Central Building Superior Court Central Building 12th Floor Superior Court Grand Jury at West Courts Trail Construction Usery - Electrical and Lighting Upgrades Vulture Day – Use Campground Const Vulture Day – Use Design/ Eng Vulture Mountain $ $ $ 12,300,000 3,978,765 4,376,921 458,261 4,726,762 30,226,715 $ $ 925,000 925,000 $ $ 470,491 470,491 $ $ 454,509 454,509 $ 12,300,000 3,978,765 4,376,921 495,615 4,726,762 27,341,973 $ 2,565,839 1,997,909 1,359,413 $ 9,734,161 1,980,856 3,017,508 495,615 1,173,213 7,928,271 20,409,479 1,000,000 5,635,824 1,657,395 53,032,322 21,000,000 $ $ 13,973,650 4,000,000 95,041,074 139,018 1,736,837 239,588 779,329 120,000 60,000 750,000 4,077,695 98,217 750,000 175,000 60,000 163,466 198,200 240,000 440,623 180,948 1,400,000 517,114 115,000 478,040 60,000 13,768 60,000 547,923 2,085,652 5,333,208 7,400,000 3,011,547 136,944 548,624 217,000 375,000 500,000 243 $ $ 21,000,000 1,000,000 9,889,447 4,000,000 89,109,483 138,869 1,198,518 259,367 630,605 144,868 86,374 60,000 4,957,374 592,607 750,000 175,000 111,602 252,163 198,200 240,000 440,623 181,021 1,402,586 523,727 115,000 510,841 2,115 108,766 269,753 60,000 547,923 2,116,704 5,722,151 7,400,000 2,952,701 136,944 637,289 97,844 375,000 500,000 3,553,549 19,413,702 590,521 $ $ 4,253,623 2,342,605 36,077,161 62,855 890,154 259,226 153,100 144,290 86,374 680 2,969,046 545,287 53,718 175,000 111,601 229,418 198,200 234,965 87,986 58,887 135,226 115,000 244,698 1,412 108,754 251,226 60,000 13,690 1,225,505 26,762 2,536,416 637,289 97,844 167,870 $ $ 76,014 308,364 141 477,505 578 59,320 1,988,328 47,320 696,282 1 22,745 5,035 440,623 93,035 1,343,699 388,501 266,143 703 12 18,527 547,923 2,103,014 4,496,646 7,373,238 416,285 136,944 207,130 500,000 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2020 Budgeted Amounts Original Final GENERAL GOVERNMENT (cont.) White Tank - Area 4 Renovations White Tank Willow Cg Const Total General Fund County Improvements Technology Capital Improvements Enterprise Res Planning System Infrastructure Refresh Ph II Public Safety Radio Refresh Refresh Remote Sites Phase 3 Refresh Remote Sites Phase 4 Treasurer Tech Improv Treasurer Tech System Upgrade ULTIS Project Reserve Total Technology Capital Improvements $ 354,000 $ 142,411 33,505,152 Actual Amounts Variance with Final Budget $ 354,000 $ 19,764 $ 334,236 $ 163,725 34,414,260 $ 160,336 12,062,579 $ 3,389 22,351,681 $ 3,828,489 $ 2,965,764 $ 862,725 $ 8,104,499 982,005 26,842,179 $ 7,873,750 3,555,295 2,482,652 3,036,346 5,559,156 491,002 26,826,690 $ 14,831,097 $ 305,179 3,235,771 1,785,458 (96,202) 5,411,660 491,002 11,995,593 $ $ 31,903,673 31,903,673 $ $ 37,886,368 37,886,368 $ $ 29,381,165 29,381,165 $ $ 8,505,203 8,505,203 $ 2,000 945,000 4,231,000 $ $ 760 6,227 712,081 219 1,092 460,838 $ (760) 1,193,773 844,919 (219) 1,045,908 848,873 $ 3,828,489 6,053,436 7,873,750 7,568,571 319,524 697,194 3,132,548 147,496 CRIMINAL JUSTICE Detention Capital Projects Intake Transfer Release Jail Total Detention Capital Projects PUBLIC SAFETY 115th Union Hills Dr 19 Ave and Dobbins Drainage Improvements 27th Ave and Olney Ave Storm Drain 48th Street Drain - Major Maintenance 51st Ave and Dobbins Rd Drainage ACDC - Major Maintenance Agua Fria River Levee Safety Mitigation Apache Junction FRS Floodway - Major Maint Arcadia Dr Strm Dran Arizona Canal Diversion Channel Fence Repair Bend Wash Outlet - Major Maintenance Bethany 79th To 59th Buckeye No 1 Rehab Buckeye FRS 2 - Major Maintenance Buckeye FRS 3 - Major Maintenance Buckeye FRS No 2 Manhole Improvements Bullard Wash Ph II Bulldog Floodway - Major Maintenance Cave Buttes Dam Mod Central Chandler Storm Drain Chandler Heights Basin Detention Basin at Town of Queen Creek East Park Downtown Buckeye Regional Basin and Storm Drain DRCC Avondale DRCC Elwood 75 to 107 East Fork Cave Creek - Major Maintenance East Maricopa Floodway Low Flow Channel East Maricopa Floodway - Major Maintenance Fria River - Major Maintenance Granite Reef Wash Drainage Guadalupe FRS - Major Maintenance Harquahala Erosion Hermose Vista and Hawes Rd Storm Drn Major Hidden Valley Basins and Storm Drain 942,999 1,200,000 1,557,000 1,047,000 1,309,711 2,000 2,000 2,000 1,085,000 65,446 1,000 1,080,000 92,034 2,000 9,070,000 4,534,980 46 (607,988) 1,000 66,537 (93,513) 1,707 8,790,166 (406) 38,901 54,947 6,008 418,116 6,359,231 5,832 (25,528) 771,669 999 430,000 443,021 (46) 3,735,000 327,235 2,912,994 168,657 822,006 158,578 460,174 719,000 204,522 428,587 105,835 98,181 24,828 214 622,713 31,587 613,165 106,341 (24,828) 25,352 2,218,287 12,979,184 9,999 51,130 68,000 6,008 421,316 14,195,000 6,008 789,999 2,000 520,000 3,953,000 789,999 999 430,000 4,978,001 2,000 9,999 1,296,000 2,845,000 244 25,566 2,841,000 673,434 1,013,463 185,547 293 279,834 406 12,229 13,053 3,200 7,835,769 176 25,528 18,330 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2020 Budgeted Amounts Original Final PUBLIC SAFETY (cont.) Indian Bend Wash Collector and Side Drain Major Loop 303 Drainage Major Maintenance Capital Appr Unit Mandan St Drainage McMicken Dam - Major Maintenance McMicken Dam Outlet Impr McMicken Dam Project New River Channel - Major Maintenance New River Dam - Major Maintenance Northern Prkwy Phase II Oak St Basin and St Dr Palm Ln and 30th St Pecos Rd Drainage Pinnacle Peak Rd and 67th Ave Drainage Powerline Floodway - Major Maintenance Powerline FRS Channel Project Reserves Flood Pvr Rehabilitation Rawhide Wash Drainage Reata Pass Drainage Improvements Rittenhouse Basin Salt River Channel - Major Maintenance Signal Butte Floodway - Major Maintenance Signal Butte FRS - Major Maintenance Siphon Draw Drainage Skunk Creek at I17 - Major Maintenance Sonoqui Wash - Major Maintenance Sun City Drains Sun City Drains - Major Maintenance Sun City West Drains - Major Maintenance Sun City West Drains Improvements Repairs Sunnycove Frs Collection System Sunset FRS - Major Maintenance Tres Rios Levee - Major Maintenance White Tanks 4 Outlet White Tanks 4 Rehab White Tanks FRS 3 Outfall Channel Total Flood Control $ $ Actual Amounts $ 253,745 882,000 1,060,000 5,778,000 16,901,001 255,652 131,999 9,661,535 1,237,008 2,029,999 5,008 609,999 102,261 255,652 12,782 127,001 2,000,000 1,094,999 1,874,999 2,110,000 609,999 587,729 1,028,172 255,652 120,000 20,000 102,261 324,999 11,651,000 39,999 $ 80,691,177 $ 229,999 30,678 40,904 10,345,000 269,999 204,522 85,303,029 $ 380,596 34,077 5,354,578 1,264,558 95,347 14,412 1,547,796 103,558 1,049 78 733 2,305 201,833 6,058,000 3,864,616 127,827 12,782 1,640,000 500,000 1,380,000 1,220,000 5,000,000 1,260,000 717 206 Variance with Final Budget $ 316,592 36,660 15,446 1,738 14,399 954 727,873 141,777 12,586 30,042 18,761 73,879 21,589 7,073 12,350,679 40,498 345,855 44,913,659 $ (717) (206) 253,745 501,404 (34,077) 703,422 2,600,058 32,480 (1,630) 92,204 396,442 1,378,951 (78) (733) 253,347 (69,834) 9,661,535 649,279 1,001,827 5,008 293,407 65,601 240,206 11,044 (14,399) (954) (472,221) (21,777) (12,586) 72,219 (18,761) 156,120 9,089 33,831 (2,005,679) 229,501 (141,333) 40,389,370 HIGHWAYS AND STREETS 10th St Desert Hills to Tanya 11th Ave Honda Bow to 13th Ave 2018 Local And Collectors Rehab 2018 NE Arterials Mill And Overlay 20th St Cloud Rd to Tamar Rd 35th Ave Carver to Elliot 67th Avenue and Vineyard Rd 83RD Ave Northern To Butler 96th St University to Brown Overlay ADA Improvement Package 1 Alsup Ave Bethany Home Rd Drainage Pipe Recon Anthem Box Clvrt Scour Protect ARAC MR NE Arterials ARAC Overlay SO Arterials $ $ $ 546,000 360,000 190,000 1,000 5,000 765,000 427,000 190,000 45,000 5,000 75,000 60,000 10,000 10,000 245 29 7,407 1,213 96 352,357 263,128 29,341 9,554 116,184 2,576 24 1,652 66,590 38,714 $ (29) (7,407) (1,213) (96) 412,643 163,872 160,659 35,446 (111,184) (2,576) (24) (1,652) (56,590) (28,714) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2020 Budgeted Amounts Original Final HIGHWAYS AND STREETS (cont.) Avondale at MC 85 Baseline Rd at Meridian Rd Intersec Signalization Baseline Salome Hwy To Sr85 Bell Rd Communication Enhancements Broadway Rd 75Th Ave To 51St Av Broadway Rd Bridges At Temple Canal Bush Hwy Animal Detection Bush Hwy Asphalt Rubber Ovrly Bush Hwy Cattle Guard Installation Camelback at Beardsley Canal Camelback Rd and 127th Ave Camelback Rd Drainage Channel - Reems Rd Capacity Carefree Hwy Area Chandler Hights ROW Support IGA Chandler Hts McQueen to Val Vista Cooper Rd Prescott Pl To Riggs Rd Improveme Cooper Rd Prescott Pl to Riggs Rd ROW IGA Cotton Lane at Camelback Country Place and Laurelwood Park Rehab Deer Valley El Mirage To Lk P DMIT - Dust Mitigation Elliot Rd 30th Dr to 27 Ave DMIT-White Tanks Area 4 Dove Valley Rd 171st Ave To 163rd Ave Dreamland Villa Units 11-19 Dust Mitigation Dynamite 44th St to 45th St Dysart Ave Overpass Dysart Rd and Rose Ln Intersection Eagle Eye Rd at Tiger Wash El Mirage Drain Pipe El Mirage Northern to Peoria El Mirage Rd Indian Springs Rd to Southern Ave Elliot Rd SR202 To Signal Butte Ellsworth Rd and Pueblo Ave Estrella Park Rd Fiber Install Ind Sch McD Mtn FY 17 Paving West Arterials FY19 ARAC - NE Arterials GermannLindsay Row Assistance Iga Gilbert Rd Low Flow Crossing Gilbert Road Bridge Happy Valley Loop 303 To Agua Fria River Hidden Valley Basin Storm Drain High Friction Surface Trmt Pilot Project HIPR - McDowell Mountain Rd HIPR - New River Area Intelligent Trans Syst ITS Jackrabbit Trail Van Buren To Mcdowell Laveen Area Lindsay Rd Spur Rd to Layton Lakes Blvd IGA Litchfield Rd N Pkwy To Peoria Lower Buckeye 71st to 67th Ave Lower Buckeye at 107th Ave $ $ $ 190,000 135,000 460,000 584,000 605,000 605,000 1,285,000 190,000 1,525,000 180,000 900,000 1,000 3,623,504 1,000 658,000 658,000 71,000 260,000 51,000 357,000 600,000 3,474,000 60,000 190,000 500,000 120,000 60,000 510,000 1,000 1,000 1,500,000 190,000 1,500,000 190,000 1,000 1,000 313,000 313,000 1,015,000 2,402,500 1,073,000 2,402,500 473,000 473,000 31,000 1,000 1,000 1,000 1,000 1,410,000 35,000 845,000 1,000 1,410,000 90,000 573,000 246 Actual Amounts 24 136,452 1,122 89,887 102,378 9,303 515,974 17,812 1,251,656 1,422,617 174,705 4,346 (4,572) 138,656 2,639 49 35,814 1,867 1,759,029 563,170 80,727 16,698 21,258 108 1,666 41,584 92,404 505,709 19 1,779,598 5,551 1,768,601 95,929 184 858 654 344,878 26,296 24 317,302 2,402,510 148 447,864 9,347 2,143,700 211,269 2,120 34 1,387 194,645 501,135 49,353 Variance with Final Budget $ (24) (1,452) (1,122) (89,887) 481,622 (9,303) 89,026 (17,812) (1,251,656) 102,383 5,295 (4,346) 3,623,504 5,572 (138,656) (2,639) 657,951 (35,814) (1,867) (1,708,029) (206,170) (80,727) (16,698) (21,258) (108) 3,474,000 (1,666) 78,416 (32,404) 4,291 (19) (1,778,598) (5,551) (268,601) 94,071 (184) 142 (654) (31,878) (26,296) (24) 755,698 (10) (148) 25,136 (9,347) (2,142,700) (210,269) (2,120) 966 1,408,613 (104,645) 71,865 (49,353) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2020 Budgeted Amounts Original Final HIGHWAYS AND STREETS (cont.) MAG ALCP Projects Mary St Storm Drain Mash Guardrail Evaluation NE Area MASH Guardrail Evaluation NE Area Ph 2 Mash Guardrail Evaluation NW Area Ph 1 MC 85 107th Ave to 91St Ave MC 85 At Rainbow RD MC85 79th Ave Traffic Signal MC85 91st Ave MC85 at 83rd Ctr Turn Ln Exp MC85 At Verrado Way MC85 Jackrabbit to Cotton Ln McKellips Rd I10 to Alma Schl Meeker Blvd and Echo Mesa Dr Meeker Blvd At Granite Valley Dr Miller Rd I10 to 1 Mi N I10 Mountain Rd Erie St Drainage Narramore at Waterman Wash NE Locals Overlay NE LVR Peak View & 59th St New River Area Phase 2 No Pkwy Loop To Grand Northern Ave SR 303 To Grand Northern Parkway Agua Fria To 99th Ave Scoping Northern Parkway Phase II Northern Parkway Sarival to Agua Fria Northern Pkwy Northern at L101 Northern Pkwy Storm Drain NPKWY EL Mirage Alt Acc NPKWY EL Mirage Overpass Ocotillo Gilbert Rd to 148th St Olive Ave Citrus to Cotton Ln Olive Ave Reems to Litchfield Olive Ave Sarival To Reems Rd Olive Ave Sr 303 To Sarival Ave Palm Lane Drainage Palo Verde Rd Bridge at RID Pavement Preservation Projects Peak View Lvr Peoria Ave Citrus Rd To Sr 303 Peoria Ave Reems to Dysart IGA Peoria Traffic Signals IGA Pinnacle Pk 99Th Ave To 91St Ave Pinnacle Vista Dr 40Th To 46Th St Power Rd At Elliot Rd Power Rd At Olney Ave Prop Mgmt Prior Years Project Recker Rd ROW Assistance IGA Reems at Peoria Traffic Signal IGA Riggs Ellsworth To Meridian Riggs Rd Crismon To Meridian Riggs Rd ITS Riggs Rd Power to Hawes Riggs Rd Recker to Power $ 5,015,000 $ 4,060,008 311,000 571,000 1,035,000 5,000 1,000 519,968 5,000 1,000 14,713,000 413,000 1,684,000 440,000 190,000 179,000 2,406,000 16,040,000 321,000 2,063,888 793,992 190,000 249,000 882,756 245,000 485,000 1,325,000 31,262,000 1,425,000 31,373,000 710,000 500,000 660,000 15,000 730,000 187,000 4,664,000 194,000 117,000 1,788,000 2,914,000 210,000 1,072,000 2,198,000 2,921,000 1,252,746 198,000 258,000 2,498,500 35,000 35,000 50,000 50,004 1,000 2,413,000 1,000 200,000 1,000 2,412,996 1,000 350,000 247 Actual Amounts $ Variance with Final Budget $ 58 359,415 172 5,315 140,947 2,300 230 38,390 11,970,332 168,033 3,927,645 5,506,927 52,153 107,926 2,722,097 229,451 124 34 24 352 224,322 (266,583) 932,924 26,158,998 43 127,674 5 458,467 75,900 366 1,584,531 69 3,345,087 3,763,388 930,259 1,732,545 12,494 2,351 214,488 43 97 5 105,542 107 (750) 2,445 103,022 25 11,031 1,815,090 (5,583) 880,414 1,041 4,060,008 (58) 211,585 (172) (5,315) 379,021 2,700 770 (38,390) 4,069,668 152,967 (1,863,757) (4,712,935) 137,847 141,074 (1,839,341) (229,451) (124) (34) (24) (352) 260,678 266,583 492,076 5,214,002 (43) 372,326 (5) 271,533 111,100 (366) (1,390,531) (69) (2,273,087) (1,565,388) 1,990,741 (479,799) (12,494) (2,351) 43,512 (43) (97) (5) (70,542) (107) 750 47,559 (103,022) (25) (10,031) 597,906 6,583 (530,414) (1,041) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2020 Budgeted Amounts Original Final HIGHWAYS AND STREETS (cont.) Rio Verde Dr 136th To 152nd St Rittenhouse Bridge at QC Wash Rockaway Hills 255th to 251st Ave Rocky Point Rd Box Culvert Row In Fill Road Inventory Sys Salome At Wintersburg Signal San Tan Blvd and Power Road Signal Butte Pecos to Williams Field ROW Asst Skunk Creek Crossings Circle Mtn 19Th Ave South Arterials South Arterials Overlays Southern at 97th St Traffic Signal Southern Ave 41st to 39th Ave Special Projects Stardust Blvd At Heritage Dr And Echo Mesa Dr Sun City West Canal Crossing Sun City West unit 36 Rehab Sun City West Units 35 38A 40 Sun Lakes Rehab Units 1-10 and 41 Sun Lakes Rehab Units 11-22 Sun Valley Parkway Restoration Phase 3 Sun Valley Parkway Restoration Phase I System Preservation TMAN-Sun City Area ADA Ramps Phase 1 Tonto Hills Lvr Package 1 Traffic Calming Traffic Signal Detection Upgrade Transportation System Management TT0626 Maricopa Rd MP 16 to MP 165 HFST Prep Union Hills at 99th Ave University Dr Higley Rd To Power Rd US80 At Butterfield Wash US80 At Rainbow Wash Van Buren At Jackrabbit Tr Vulture Mountain Recarea Roads Yuma At Jackrabbit Trail Total Transportation $ $ $ $ 1,315,000 1,000 1,315,000 1,000 200,000 199,996 190,000 190,000 150,000 105,000 150,000 175,000 105,000 435,000 80,000 407,000 178,000 296,000 20,000 178,000 289,000 20,000 15,000 15,000 560,000 171,000 135,000 860,358 667,500 10,666,640 755,000 100,000 685,000 100,000 5,625,778 (134,074) 144,000 1,952,000 5,768,000 144,000 1,952,000 4,767,996 3,570,000 100,000 113,391,278 (1,520,000) 50,000 113,391,278 248 $ Actual Amounts 321 1,006,849 (232) 901,015 322,975 34 205,816 56 79,569 228,955 344 133,778 394,538 (10,037) 111,961 344,419 35,576 1,883 233,728 241,397 548,398 5 Variance with Final Budget $ 300,441 453,381 5,008 43 $ 720 37 139,234 1,914,714 3,341,314 6,475 587,730 14,841 97,162,421 $ (321) 308,151 1,232 (901,015) (122,979) (34) (15,816) (56) 70,431 (53,955) (344) (53,778) 12,462 10,037 66,039 (55,419) (15,576) (1,883) (62,728) (106,397) 311,960 (5) 10,666,640 (300,441) 231,619 94,992 (43) (134,074) (720) (37) 4,766 37,286 1,426,682 (6,475) (2,107,730) 35,159 16,228,857 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. Technology Infrastructure - This fund provides cost effective voice, data, and radio communications to County employees. Sheriff Warehouse - Sheriff Warehouse tracks inventory activity for supplies purchased by the warehouse for resale and stores consignment inventory for other departments. 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. 251 Maricopa County Combining Statement of Net Position All Internal Service Funds June 30, 2020 Equipment Services Technology Infrastructure Sheriff Warehouse ASSETS Current assets: Cash in bank and on hand $ Cash and investments held by County Treasurer 300 $ $ 1,546,538 9,505,738 716,445 40,155 178,949 1,254,236 2,263,283 9,758,178 1,254,236 Receivables: Accounts Accrued interest 33,336 Inventories Prepaids Total current assets Noncurrent assets: Capital assets: Buildings and improvements 4,182,514 Machinery and equipment Accumulated depreciation 3,087,402 (2,593,097) 33,701,278 (10,358,913) Total noncurrent assets 494,305 27,524,879 2,757,588 37,283,057 608,593 608,593 1,108,874 1,108,874 Total assets DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pensions Total deferred outflows of resources 1,254,236 LIABILITIES Current liabilities: Accounts payable 398,788 407,400 Employee compensation payable 531,047 865,416 14,598 Accrued liabilities Due to other funds 666,065 Liability for reported and incurred but not reported claims (current portion) Total current liabilities 929,835 1,272,816 4,695,821 8,555,917 4,695,821 8,555,917 5,625,656 9,828,733 314,471 314,471 572,975 572,975 494,305 (3,068,251) (2,573,946) 27,524,879 465,344 27,990,223 680,663 Noncurrent liabilities: Liability for reported and incurred but not reported claims Net pension liability Total noncurrent liabilities Total liabilities DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pensions Total deferred inflows of resources 680,663 NET POSITION Net investment in capital assets Unrestricted (deficit) Total net position (deficit) $ 252 $ $ 573,573 573,573 Employee Risk Management $ 100 Benefits Trust $ 8,812,599 32,710 4,599,086 Total $ 4,599,486 48,110,243 67,975,118 2,646,793 2,646,793 147,258 213,304 2,097,585 1,476,141 2,010,836 3,752,675 10,942,994 56,979,521 81,198,212 92,950 (84,253) 6,135 (6,135) 36,887,765 (13,042,398) 4,182,514 8,697 28,027,881 10,951,691 56,979,521 109,226,093 298,022 298,022 215,705 215,705 2,231,194 2,231,194 1,044,821 1,665,745 3,531,352 204,664 1,962,948 4,231,224 4,231,224 361,821 666,065 15,040,000 15,833,849 30,873,849 16,446,642 21,935,482 41,265,438 55,324,681 2,299,396 1,664,348 55,324,681 17,215,482 57,624,077 1,664,348 72,540,163 74,070,719 23,599,830 113,805,601 153,986 153,986 111,459 111,459 1,152,891 1,152,891 8,697 (62,983,689) $ (62,974,992) 33,483,937 33,483,937 28,027,881 (31,529,086) $ (3,501,205) $ 253 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Position All Internal Service Funds Year Ended June 30, 2020 Equipment Services Technology Infrastructure Sheriff Warehouse OPERATING REVENUES Charges for services $ 15,915,908 38,533 Miscellaneous Total operating revenues $ 29,451,494 179,538 15,954,441 29,631,032 8,735,119 $ 2,629,914 2,629,914 OPERATING EXPENSES Personal services 4,990,650 Supplies 8,174,028 727,176 Other services 1,490,599 6,391,702 2,574,643 Legal Insurance and claims 2,000 Leases and rentals 10,471 Repairs and maintenance 152,750 1,631,373 Travel and transportation 16,249 157,845 Utilities 72,473 157,820 11,424,626 6,606,469 Total operating expenses 16,545,663 34,195,687 2,574,643 Operating income (loss) (591,222) (4,564,655) 55,271 Investment income 20,346 211,267 Interest expense Gain (loss) on disposal of capital assets 17,627 6,293 37,973 217,560 (553,249) (4,347,095) Depreciation NONOPERATING REVENUES (EXPENSES) Total nonoperating revenues (expenses) Income (loss) before contributions and transfers Capital contributions 55,271 32,413,272 Transfers in Transfers out (35,393) Change in net position (553,249) 28,030,784 55,271 Total net position (deficit), July 1, 2019 (2,020,697) (40,561) 518,302 Total net position (deficit), June 30, 2020 $ (2,573,946) 254 $ 27,990,223 $ 573,573 Employee Risk Management $ 21,404,848 220,193 Benefits Trust $ 171,230,384 700 Total $ 240,632,548 438,964 21,625,041 171,231,084 241,071,512 1,719,325 1,833,309 17,278,403 205,945 34,286 11,716,078 3,301,788 10,191,455 21,375,544 26,269,926 160,130,988 186,402,914 39,220 33,737 236,178 4,150 1,635,523 2,736,773 2,736,773 10,085 2,089 186,268 60 12,529 11,497,159 6,776,818 34,295,651 172,230,014 259,841,658 (12,670,610) (998,930) (18,770,146) 193,004 1,090,442 1,515,059 165,671 1,090,442 1,511,646 (12,504,939) 91,512 (17,258,500) (27,333) (3,413) 32,413,272 5,035,393 $ 5,035,393 (35,393) (7,469,546) 91,512 20,154,772 (55,505,446) 33,392,425 (23,655,977) (62,974,992) $ 33,483,937 $ (3,501,205) 255 Maricopa County Combining Statement of Cash Flows All Internal Service Funds Year Ended June 30, 2020 Equipment Services CASH FLOWS FROM OPERATING ACTIVITIES Receipts from other funds Receipts from customers Other receipts Payments for goods and services Payments for personal services and benefits $ 14,805,112 Technology Infrastructure $ 1,110,796 Net cash provided by (used for) operating activities 29,121,531 Sheriff Warehouse $ 2,629,914 329,963 38,533 179,538 (11,505,568) (4,730,804) (18,689,878) (8,228,131) (3,010,671) (281,931) 2,713,023 (380,757) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers from other funds Loan received from General Fund Net cash provided by (used for) noncapital financing activities 380,757 380,757 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Cash transfers from other funds Cash transfers to other funds Proceeds from sale of 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 (251,124) (88,105) 17,627 (233,497) (35,393) 16,109 (107,389) 20,346 20,346 195,466 195,466 (495,082) 2,801,100 6,704,638 2,041,920 Cash and cash equivalents, July 1, 2019 Cash and cash equivalents, June 30, 2020 RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities: Depreciation expense Liability for reported and incurred but not reported claims - noncurrent Changes in assets and deferred outflows of resources [(increase)/decrease] and liabilities and deferred inflows of resources [increase/(decrease)]: Accounts receivable Inventories Prepaids Deferred outflows of resources related to pensions Accounts payable Employee compensation Pension liabilities Other liabilities Liability for reported and incurred but not reported claims - current Deferred inflows of resources related to pensions Net cash provided by (used for) operating activities SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES: Capital assets disposed Accumulated depreciation on capital assets disposed Loss on capital assets disposed Capital assets transferred between internal service funds Accumulated depreciation capital assets transferred between internal service funds Loss on disposal of capital assets transferred between internal service funds Capital contributions on capital assets transferred between internal service funds Capital asset additions expensed in governmental funds Capital contributions on capital assets expensed in governmental funds 256 $ 1,546,838 $ 9,505,738 $ $ (591,222) $ (4,564,655) $ 157,820 6,606,469 135,083 (10,568) 55,271 (424,141) 158,811 (27,812) (65,769) (243,458) 15,978 57,360 28,911 498,377 1,017,152 (268,079) (11,887) (473,306) $ (281,931) $ 2,713,023 $ $ (38,278) $ (230,935) $ 38,278 221,118 9,817 43,390 (8,307) (35,083) 32,378,189 (32,378,189) (380,757) Employee Benefits Trust Risk Management $ 21,014,242 $ Total 169,774,901 $ 237,345,700 390,606 1,783,757 220,193 700 3,615,122 438,964 (28,734,655) (2,338,807) (167,280,731) (1,883,366) (229,221,503) (17,181,108) (9,448,421) 2,395,261 (5,002,825) 5,000,000 5,000,000 5,000,000 380,757 5,380,757 (7,997) (347,226) 35,393 35,393 7,750 35,146 (35,393) 41,486 (305,740) 207,411 207,411 1,105,325 1,105,325 1,528,548 1,528,548 (4,205,864) 3,500,586 1,600,740 13,018,563 49,208,743 70,973,864 $ 8,812,699 $ 52,709,329 $ 72,574,604 $ (12,670,610) $ (998,930) $ (18,770,146) 12,529 6,776,818 6,635,640 6,635,640 328,274 328,274 (299,626) (414,985) (292,835) 85,566 (830) (549,009) (8,845) (1,179,582) 71,947 (1,347,002) (1,871) (56,555) 27,845 (472,465) 111,398 1,154,462 1,942,426 1,942,426 (1,211,931) (230,712) 1,394,436 (104,070) 182,505 (1,076,167) $ (9,448,421) $ $ (57,294) $ 57,294 2,395,261 $ (5,002,825) $ (326,507) 316,690 9,817 (43,390) 8,307 35,083 35,083 (35,083) 32,378,189 (32,378,189) 257 258 Financial Section Combining and Individual Fund Statements Fiduciary Funds Fiduciary Funds Maricopa County Listing of Fiduciary Funds FIDUCIARY FUNDS Treasurer’s Investment Pool – The Treasurer’s Investment Pool is used to account for net position of the County’s external investment pool. The fund primarily consists of deposits held on behalf of School Districts with minor amounts related to Fire Districts, Street Lighting Districts and other Improvement Districts. Individual Investment Accounts – The individual investment accounts are used to account for net position of individual investment accounts in aggregate. The related investment activity occurs separately from the County’s investment pool and is provided as a service to external investors. AGENCY FUNDS 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 two Agency Funds, which are not under the control of the Board of Supervisors. The Agency Funds are custodial in nature and do not involve measurement of results of operations. Property Tax Collections - The Property Tax Collections Fund accounts for property tax collections not yet disbursed to taxing jurisdictions. Special Purpose - The Special Purpose Fund accounts for receipts, which are held in a custodial capacity, are designated for special purposes and are not related to an individual governmental unit. 261 Maricopa County Combining Statement of Fiduciary Net Position Investment Trust Funds June 30, 2020 Assets Cash and investments held by the County Treasurer Accrued interest receivable Total assets Individual Investment Account Treasurer’s Investment Pool Total Investment Trust Funds $ 580,991,608 536,055 $ 3,665,221,598 13,648,485 $ 4,246,213,206 14,184,540 $ 581,527,663 $ 3,678,870,083 $ 4,260,397,746 $ 581,527,663 $ 3,678,870,083 $ 4,260,397,746 Liabilities Total liabilities Net Position Held in trust for investment participants 262 Maricopa County Combining Statement of Changes in Fiduciary Net Position Investment Trust Funds Year Ended June 30, 2020 Individual Investment Account Treasurer’s Investment Pool 804,921,729 $ 9,001,539,514 5,226,363 431,416 5,657,779 810,579,508 60,156,874 31,840,681 91,997,555 9,093,537,069 65,383,237 32,272,097 97,655,334 9,904,116,577 946,747,352 8,401,634,025 9,348,381,377 Total deductions 946,747,352 8,401,634,025 9,348,381,377 Change in net position (136,167,844) 691,903,044 555,735,200 Net position held in trust July 1, 2019 717,695,507 2,986,967,039 3,704,662,546 581,527,663 $ 3,678,870,083 Additions: Contributions from participants Investment income: Interest income Net increase in fair value of investments Net investment earnings Total additions $ Deductions Distributions to participants Net position held in trust June 30, 2020 $ 263 Total Investment Trust Funds $ $ 9,806,461,243 4,260,397,746 Maricopa County Combining Statement of Fiduciary Net Position Agency Funds June 30, 2020 Property Tax Assets Cash and investments in bank and on hand Cash and investments held by the County Treasurer Accrued interest receivable Total assets Liabilities Deposits held for other parties Total liabilities $ Total Agency Funds Special Purpose $ 59,691,856 117,352,683 42,532 $ 19,591,047 59,691,856 136,943,730 42,532 $ 19,591,047 $ 177,087,071 $ 196,678,118 $ $ 19,591,047 19,591,047 $ $ 177,087,071 177,087,071 $ 196,678,118 $ 196,678,118 264 Maricopa County Combining Statement of Changes in Assets and Liabilities Agency Funds Year Ended June 30, 2020 Balance July 1, 2019 PROPERTY TAX COLLECTION Assets Cash and investments held by County Treasurer Accrued Interest Total assets Liabilities Deposits held for other parties Total liabilities Additions Balance June 30, 2020 Deductions $ 20,581,543 $ 665,744,964 $ 666,735,460 $ 19,591,047 $ 20,581,543 $ 665,744,964 $ 666,735,460 $ 19,591,047 $ 20,581,543 $ 665,744,964 $ 666,735,460 $ 19,591,047 $ 20,581,543 $ 665,744,964 $ 666,735,460 $ 19,591,047 39,957,654 $ 19,734,202 $ SPECIAL PURPOSE Assets Cash and investments in bank and on hand $ Cash and investments held by County Treasurer 131,402,255 46,414 Accrued interest Total assets 64,502,193 $ 171,406,323 $ 84,236,395 $ $ 59,691,856 78,551,765 117,352,683 3,882 42,532 78,555,647 $ 177,087,071 Liabilities Accrued liabilities $ 171,406,323 Deposits held for other parties Total liabilities $ $ $ 84,236,395 171,406,323 $ 39,957,654 $ 84,236,395 $ 19,734,202 $ $ 78,555,647 177,087,071 78,555,647 $ 177,087,071 TOTAL AGENCY FUNDS Assets Cash and investments in bank and on hand $ Cash and investments held by County Treasurer 151,983,798 46,414 Accrued interest Total assets 730,247,157 $ 191,987,866 $ 749,981,359 $ $ 59,691,856 745,287,225 136,943,730 3,882 42,532 745,291,107 $ 196,678,118 Liabilities Accrued liabilities $ Deposits held for other parties Total liabilities $ 191,987,866 $ 191,987,866 265 $ 749,981,359 $ 749,981,359 $ $ 745,291,107 196,678,118 745,291,107 $ 196,678,118 266 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. 270 Net Position by Component Changes in Net Position Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Revenue Capacity 276 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 Taxpayers Property Tax Levies and Collections Debt Capacity 281 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 284 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 287 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 269 Maricopa County Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year NET POSITION Governmental activities Net investment in capital assets Restricted Unrestricted Total governmental activities net position (2) 2010-11 2011-12 2012-13 2013-14 2014-15 $ 3,105,417,974 $ 3,238,389,442 $ 3,358,835,597 $ 3,423,302,960 $ 3,290,683,747 627,527,187 757,580,843 $ 4,490,526,004 625,230,345 698,200,079 $ 4,561,819,866 616,966,709 680,694,942 $ 4,656,497,248 542,254,851 638,467,088 $ 4,604,024,899 207,841,344 (347,913,774) $ 3,150,611,317 $ 25,668,674 $ 26,261,574 $ 2,199,816 4,057,242 31,925,732 $ 1,335,851 (90,428) 27,506,997 Business-type activities (1) Net investment in capital assets Restricted Unrestricted Total business-type activities net position (2) Primary government Net investment in capital assets $ 3,105,417,974 $ 3,238,389,442 $ 3,358,835,597 $ 3,448,971,634 $ 3,316,945,321 Restricted 627,527,187 757,580,843 $ 4,490,526,004 625,230,345 698,200,079 $ 4,561,819,866 616,966,709 680,694,942 $ 4,656,497,248 544,454,667 642,524,330 $ 4,635,950,631 209,177,195 (348,004,202) $ 3,178,118,314 2015-16 2016-17 2017-18 2018-19 2019-20 Net investment in capital assets $ 3,344,675,215 $ 3,398,536,569 $ 3,540,327,347 $ 3,775,784,925 $ 3,808,175,194 Restricted 562,881,286 (767,502,521) $ 3,140,053,980 706,572,442 (941,448,887) $ 3,163,660,124 657,310,403 529,365,206 588,854,025 (1,184,406,509) (887,071,085) (718,666,721) $ 3,013,231,241 $ 3,418,079,046 $ 3,678,362,498 $ 22,487,405 $ 54,519,520 $ 72,367,100 $ 1,425,160 7,492,157 31,404,722 $ 7,091,488 (7,240,598) 54,370,410 $ 4,942,173 (4,374,706) 72,934,567 $ Unrestricted Total primary government net position (2) Fiscal Year NET POSITION Governmental activities Unrestricted Total governmental activities net position (2) Business-type activities (1) Net investment in capital assets Restricted Unrestricted Total business-type activities net position (2) $ 69,913,021 $ 79,796,197 6,487,405 (1,980,230) 74,420,196 $ 5,699,657 (562,617) 84,933,537 Primary government Net investment in capital assets $ 3,367,162,620 $ 3,453,056,089 $ 3,612,694,447 Restricted 564,306,446 (760,010,364) $ 3,171,458,702 713,663,930 (948,689,485) $ 3,218,030,534 662,252,576 535,852,611 594,553,682 (1,188,781,215) (889,051,315) (719,229,338) $ 3,086,165,808 $ 3,492,499,242 $ 3,763,295,735 Unrestricted Total primary government net position (2) (1) (2) $ 3,845,697,946 From fiscal year 2010 through 2013, the County did not have any business-type activities. This schedule was not adjusted for the fiscal year 2011, 2013, 2014, 2015 and 2019 restatements to net position. 270 $ 3,887,971,391 Maricopa County Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) Fiscal Year Expenses 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 expenses Business-type activities: (1) Housing Authority Other business-type activities Total business-type activities expenses Total primary government expenses Program Revenues Governmental activities: Charges for services: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Operating grants and contributions Capital grants and contributions Total governmental activities program Business-type activities: (1) Charges for services: Housing Authority Operating grants and contributions Capital grants and contributions 2010-11 2011-12 2012-13 2013-14 2014-15 $ 248,394,846 893,760,377 123,611,300 387,892,315 43,325,625 9,219,564 7,640,462 $ 229,774,209 940,656,263 79,064,075 441,741,947 52,783,614 12,886,213 5,409,382 $ 186,443,502 934,185,866 82,789,191 432,470,577 44,071,366 18,417,838 4,606,548 $ 207,955,003 1,009,516,114 87,024,827 403,901,208 50,968,956 26,684,832 5,237,255 $ 298,074,702 1,134,891,006 163,763,533 408,240,433 56,569,834 28,791,958 4,568,950 1,713,844,489 1,762,315,703 1,702,984,888 1,791,288,195 25,070,360 2016-17 2017-18 2018-19 2019-20 $ 298,879,283 1,105,661,191 76,998,103 423,976,768 57,510,396 30,388,968 7,793,505 $ 299,036,354 1,151,866,658 81,764,699 421,783,977 54,634,235 32,487,572 10,201,276 $ 335,684,108 1,258,047,273 110,921,809 510,564,865 68,111,240 32,177,201 6,676,793 $ 181,797,152 983,331,133 96,484,146 524,347,318 50,944,557 25,727,303 5,148,586 $ 224,110,276 1,053,190,489 186,689,526 651,910,529 50,895,104 25,050,440 6,775,142 2,094,900,416 2,001,208,214 2,051,774,771 2,322,183,289 1,867,780,195 2,198,621,506 23,483,448 22,170,085 21,540,873 26,543,652 29,808,837 28,013,475 29,808,837 28,013,475 25,070,360 23,483,448 22,170,085 21,540,873 26,543,652 $ 1,713,844,489 $ 1,762,315,703 $1,702,984,888 $1,816,358,555 $2,118,383,864 $ 2,023,378,299 $2,073,315,644 $2,348,726,941 $ 1,897,589,032 $ 2,226,634,981 $ $ $ $ $ $ $ $ $ 27,698,094 152,507,151 28,130,243 54,135,715 11,928,461 215,723 286,447,310 58,859,929 619,922,626 25,986,495 157,678,693 14,143,550 51,271,770 13,205,450 179,928 290,123,847 7,642,252 560,231,985 30,980,314 144,058,659 19,546,115 51,271,352 13,292,978 508,813 271,351,538 50,238,182 581,247,951 24,448,700 140,384,054 15,534,823 51,138,425 14,943,535 465,823 259,112,950 49,569,607 555,597,917 21,160,957 140,199,614 12,462,039 53,105,959 15,778,337 1,536,658 280,244,440 31,634,976 556,122,980 6,741,213 15,529,154 1,440,065 Total business-type program revenues Total primary gov’t program revenues 2015-16 $ 619,922,626 $ 560,231,985 $ 581,247,951 5,717,592 16,300,111 337,818 25,333,842 146,926,079 12,697,999 53,314,590 16,899,346 1,482,306 299,738,864 48,872,828 605,265,854 4,656,105 17,062,511 280,121 33,053,012 144,995,226 21,201,835 57,117,315 18,850,252 303,176 291,283,576 43,627,038 610,431,430 3,080,820 17,720,704 23,354,184 28,441,286 144,081,188 21,803,762 56,571,939 21,064,986 276,902 314,298,745 28,675,007 615,213,815 5,432,500 18,735,718 20,696,076 30,763,639 144,795,378 20,481,717 57,681,166 17,582,925 443,333 277,291,845 31,546,098 580,586,101 6,117,889 20,857,185 3,945,673 $ 51,880,544 140,595,616 21,907,005 55,927,380 17,250,204 469,269 374,699,238 29,527,666 692,256,922 6,531,775 17,754,740 12,375,329 23,710,432 22,355,521 21,998,737 44,155,708 44,864,294 30,920,747 36,661,844 $ 579,308,349 $ 578,478,501 $ 627,264,591 $ 654,587,138 $ 660,078,109 $ 611,506,848 $ 728,918,766 271 Maricopa County Changes in Net Position (Continued) 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Net (Expense)/Revenue Governmental activities $(1,093,921,863) $(1,202,083,718) $(1,121,736,937) $ (1,235,690,278) $(1,538,777,436) $ (1,395,942,360) (1,359,928) (1,127,927) (171,348) $ (1,441,343,341) $ (1,706,969,474) $ (1,287,194,094) 22,614,835 18,320,642 1,111,910 $ (1,506,364,584) 8,648,369 $(1,093,921,863) $(1,202,083,718) $ (1,121,736,937) $(1,237,050,206) $(1,539,905,363) $ (1,396,113,708) $ (1,418,728,506) $(1,688,648,832) $ (1,286,082,184) $ (1,497,716,215) $ $ $ Business-type activities (1) Total primary government net expense General Revenues and other Changes in Net Position Governmental activities: Taxes Property taxes, levied for gen. purposes Property taxes, levied for Flood Control District $ 518,956,222 $ 504,805,017 $ 447,135,707 429,235,095 $ 460,057,355 $ 492,533,082 528,258,272 $ 555,750,125 $ 593,694,954 627,273,672 66,723,260 61,210,182 53,647,040 39,287,012 43,266,625 49,311,618 58,160,420 62,216,487 65,992,307 70,471,344 Property taxes, levied for Library District 20,385,799 14,246,516 6,070,638 19,677,385 6,014,834 19,624,840 4,651,612 20,361,928 4,802,705 21,525,613 5,488,949 22,817,801 5,806,391 Unrestricted share of state sales taxes 5,432,863 385,487,679 16,971,693 5,026,752 24,236,319 Property taxes, levied for Street Light District 19,049,420 5,026,752 400,453,544 418,642,153 447,541,942 476,452,381 497,359,100 520,259,714 552,699,587 589,779,232 182,556,542 Sales tax – Jail construction & operation 112,451,803 118,052,954 124,595,909 133,929,831 140,492,834 146,246,549 152,780,682 161,856,282 172,789,542 4,882,593 4,989,933 5,192,003 5,217,452 5,394,707 4,915,704 4,772,596 4,740,138 5,973,721 6,003,193 622,830,699 113,649,012 113,363,658 118,202,382 126,137,174 135,043,057 146,241,079 152,286,541 162,544,146 172,111,273 173,793,081 Surcharge tax – Stadium District Unrestr. share of state vehicle lic. tax 5,694,636 Grants and contributions not restricted to specific programs 2,728,933 2,802,089 2,781,842 3,011,264 2,749,905 3,285,655 3,153,762 3,542,818 1,695,129 1,709,483 Unrestricted investment earnings 14,815,018 18,135,778 6,678,917 2,150,743 6,720,371 8,411,227 6,422,992 11,828,376 44,936,986 45,026,659 Miscellaneous 15,198,561 17,062,806 17,514,472 24,138,258 11,801,107 12,947,665 13,722,331 13,114,487 16,415,091 10,559,397 1,260,819,083 1,265,154,203 1,216,414,319 1,231,143,180 1,307,191,558 1,385,385,023 1,464,949,485 1,556,540,591 1,692,041,899 1,769,034,425 14,229 293,214 Transfers Total governmental activities Business-type activities: (1) 89 Unrestricted investment earnings Gain (loss) on disposal of capital assets 164,356 Miscellaneous 44,661 14,686 3,516 409,657 2,513,522 10,408 356,833 1,809,260 336,929 229,286 80,505 350,853 243,515 Special item – repayment agreement. (468,781) Special item – forgiveness of debt 275,553 271,740 1,234,236 358,696 Transfers 373,719 1,864,672 $ 1,260,819,083 $ 1,265,154,203 $ 1,216,414,319 $ 1,231,307,625 $ 1,307,809,481 $ 1,389,722,491 164,445 $ 1,465,300,338 $ 1,556,784,106 $ 1,692,415,618 $ 1,770,899,097 $ $ $ $ 262,669,841 $ 273,182,882 Total business-type activities Total primary government 617,923 4,337,468 Change in Net Position Governmental activities 166,897,220 $ 63,070,485 $ 94,677,382 Total primary government (4,547,098) $ (231,585,878) $ (1,195,483) Business-type activities (1) $ 166,897,220 $ 63,070,485 $ 94,677,382 $ (510,004) (5,742,581) $ (232,095,882) $ (1) From fiscal year 2009 through 2013, the County did not have any business-type activities. 272 (10,557,337) 4,166,120 (6,391,217) 23,606,144 $ (150,428,883) $ 22,965,688 $ 18,564,157 46,571,832 $ (131,864,726) $ 404,847,805 1,485,629 406,333,434 10,513,041 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2010-11 General Fund* Nonspendable $ 20,372,794 Restricted Committed 162,000,000 Assigned 225,405,703 Unassigned 21,623,906 Total general fund $ All Other Governmental Funds* Nonspendable $ 429,402,403 2,774,433 Restricted 625,559,970 Committed 446,474,182 Assigned Unassigned Total all other governmental funds (a) (9,454,552) $ 1,065,354,033 Fiscal Year 2012-13 2011-12 2013-14 2015-16 2014-15 General Fund* Nonspendable $ 19,923,166 $ 19,144,202 $ 19,770,325 230,066,825 28,619,600 277,830,627 $ 2,451,776 $ $ 13,987,368 82,953,184 16,042,494 116,401,095 $ 133,944,163 14,096,188 162,027,719 4,897,508 $ $ 17,405,417 113,712,308 7,490,426 140,973,059 $ 2,287,114 $ Restricted Committed 159,000,000 Assigned 88,432,960 35,578,965 $ 302,935,091 $ $ $ Unassigned Total general fund All Other Governmental Funds* Nonspendable 2,634,776 4,219,798 Restricted 623,361,495 615,289,987 541,960,456 660,382,287 589,023,438 Committed 504,306,863 470,044,802 554,526,504 591,699,861 573,918,793 (8,028,141) $1,122,274,993 (7,751,843) $ 1,080,034,722 (2,385,853) $ 1,096,388,221 (5,105,739) $ 1,251,873,917 $ 1,159,535,461 2016-17 2017-18 Assigned Unassigned Total all other governmental funds (a) Fiscal Year 2018-19 2019-20 General Fund* Nonspendable $ 9,160,980 $ 3,117,940 $ 2,900,922 $ 3,586,438 Restricted Committed 134,647,118 Assigned 184,441,837 211,707,531 32,584,403 Unassigned 37,200,522 Total general fund $ 181,008,620 $ $ $ 166,454,076 25,752,261 220,144,180 $ 3,525,455 $ 133,527,954 240,360,714 $ 3,440,019 $ 303,568,468 All Other Governmental Funds* Nonspendable 4,674,317 5,565,851 Restricted 604,371,629 635,874,336 545,448,438 673,961,703 Committed 523,158,485 463,839,100 553,189,236 641,767,542 (25,927,760) (11,300,036) (9,003,731) (10,054,016) $1,106,276,671 $ 1,091,938,855 $ 1,093,073,962 $ 1,311,241,080 Assigned Unassigned Total all other governmental funds (a) (a) This schedule was not adjusted for the fiscal year 2011, 2013, 2014, and 2016 restatements to fund balance. 273 (7,626,568) Maricopa County Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2011-12 2010-11 2012-13 2013-14 Revenues Taxes $ 715,851,831 $ 704,104,717 $ 642,325,131 $ 615,127,234 Licenses and permits 41,372,329 57,136,150 43,803,739 44,295,063 Intergovernmental 802,853,910 827,075,550 870,032,708 879,890,750 Charges for services 185,637,288 160,595034 170,891,803 158,418,054 Fines and forfeits 34,094,367 31,006,029 30,760,368 28,981,715 Special assessments 5,432,863 5,026,752 5,068,492 6,070,638 Interest income Miscellaneous 13,829,194 15,477,441 17,305,398 18,164,312 6,264,554 28,665,945 1,028,984 16,886,275 Total revenues 1,814,549,223 1,820,413,942 1,797,812,740 1,750,698,713 Expenditures General government 193,235,111 168,967,810 151,832,578 135,670,741 Public safety 829,965,019 873,303,867 871,928,815 960,017,951 Highways and streets 53,297,470 49,416,837 48,459,526 51,635,626 Health, welfare and sanitation 384,436,682 435,449,254 425,526,752 400,282,296 Culture and recreation 30,005,985 30,792,212 33,003,716 36,936,932 Education 8,927,278 12,731,152 18,255,308 26,506,855 Principal 15,728,150 18,406,034 15,290,371 20,742,071 Interest 8,558,856 7,671,184 5,844,641 5,391,181 1,249 132,718 1,250 228,759,097 Debt service Other Payment to escrow agent Capital outlay Total expenditures 320,011,115 279,162,786 6,381,485 251,067,940 1,844,166,915 1,875,901,136 1,827,723,850 1,865,944,000 (29,617,692) (55,487,194) (29,911,110) (115,245,287) Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in 677,002,927 499,886,853 483,487,756 516,830,224 Transfers out (675,672,626) (502,575,907) (520,550,878) (521,296,732) Capital lease agreements Proceeds from bond issuance 25,140,000 Premium on refunding bonds Payment to escrow agent (24,997,819) Loan Proceeds Net change in fund balances (2,689,054) 1,330,301 Total other financing sources (uses) $ (28,287,391) $ (58,176,248) (36,920,941) $ (66,832,051) (4,466,508) $ (119,711,795) Debt service as a percentage of noncapital expenditures 1.6%(a) 1.6%(a) (a) Data was adjusted in fiscal year 2014. 274 1.7%(a) 1.6% Fiscal Year 2014-15 $ 658,661,300 2015-16 $ 700,515,589 2016-17 $ 2017-18 750,405,039 $ 795,277,329 2018-19 $ 847,090,715 2019-20 $ 892,237,482 46,201,667 48,262,561 48,700,983 49,810,802 50,182,867 49,279,753 918,331,602 981,754,741 998,720,971 1,055,046,783 1,099,920,175 1,213,427,734 159,083,257 168,530,522 185,427,699 179,472,435 179,199,628 201,807,783 25,235,245 25,493,837 26,310,542 24,538,265 22,608,121 18,393,799 6,014,834 4,651,612 4,802,705 5,696,239 5,806,391 5,694,636 6,074,604 16,239,536 8,430,222 14,674,505 6,759,042 42,248,589 11,762,370 14,643,036 43,241,506 18,561,729 49,626,468 14,274,480 1,835,842,045 1,952,313,589 2,063,375,570 2,136,247,259 2,266,611,132 2,444,742,135 149,081,146 150,486,509 166,780,945 158,063,475 164,077,141 175,916,391 1,005,051,315 1,028,863,167 1,052,402,924 1,009,352,168 1,067,426,744 1,017,005,967 54,006,764 53,598,284 60,715,322 68,695,845 72,644,031 83,928,382 404,729,045 420,071,249 418,692,520 512,762,868 529,466,214 636,348,147 36,529,631 39,798,518 36,493,895 38,469,355 42,687,958 42,841,396 28,096,030 30,097,656 32,585,868 32,652,609 26,180,509 24,643,209 17,866,397 11,306,342 159,062,866 128,699,375 27,414,666 66,450,775 4,726,682 13,032,602 10,201,276 6,683,405 5,159,606 6,775,142 1,215,938 26,350 182,229 776,046 2,970 825,546 213,487,827 236,196,502 208,901,034 270,958,232 304,754,331 267,678,531 1,914,790,775 1,983,477,179 2,146,018,879 2,227,113,378 2,239,814,170 2,322,413,486 (78,948,730) (31,163,590) (82,643,309) (90,866,119) 26,796,962 122,328,649 379,355,888 400,522,300 514,645,299 653,076,678 506,382,572 596,002,917 (379,281,420) (400,522,300) (514,576,467) (653,117,823) (511,525,439) (601,002,917) 8,329,091 13,886,373 185,580,000 3,404,460 126,974 20,397,791 44,460,000 106,295,000 133,440,000 10,119,673 7,397,084 15,633,417 (29,910,000) 209,616,976 $ 130,668,246 1.4% (16,023,627) $ (47,187,217) 1.4% 47,933,292 $ (34,710,017) 8.5% 116,500,502 $ 25,634,383 6.1% 275 (5,142,867) $ 21,654,095 1.7% 156,234,875 $ 278,563,524 3.5% Maricopa County Tax Revenues by Source, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) General State Vehicle Highway Baseball Fiscal Year Property Taxes Sales Tax License Tax User Fuel Tax Stadium Tax 2010-11 598,410,095 385,487,679 121,637,533 85,975,735 1,667 2011-12 580,859,760 400,453,543 122,011,906 78,928,602 322 2012-13 512,511,770 418,642,153 127,115,879 86,815,139 41 2013-14 475,802,697 447,541,942 135,565,922 89,630,002 0 2014-15 513,252,762 476,452,381 145,066,005 97,931,744 39 2015-16 549,496,444 497,359,100 156,925,539 102,652,222 13 2016-17 592,884,219 520,259,714 163,564,070 110,015,688 0 2017-18 627,447,319 552,699,587 174,552,131 114,233,608 0 2018-19 667,567,670 589,779,232 184,797,765 120,514,438 0 2019-20 704,184,149 622,830,699 186,644,889 115,626,687 0 61.6% 53.4% 34.5% Change 2011-20 17.7% Rental Fiscal Year Car Surcharge -100.0% Street Jail Tax Lighting Assessments Total Revenues 2010-11 4,988,266 112,451,803 5,432,863 1,314,385,641 2011-12 5,191,681 118,052,954 5,026,752 1,310,525,520 2012-13 5,217,411 124,595,909 5,068,492 1,279,966,794 2013-14 5,394,706 133,929,831 6,070,638 1,293,935,738 2014-15 3,564,212 140,492,834 6,014,834 1,382,774,811 2015-16 3,494,629 146,246,549 4,651,612 1,460,826,108 2016-17 3,783,297 152,780,682 4,802,705 1,548,090,375 2017-18 4,168,512 161,856,282 5,696,239 1,640,653,678 2018-19 1,163,559 172,789,542 5,806,391 1,742,418,597 2019-20 4,882,593 182,556,542 5,694,636 1,822,420,195 -2.1% 62.3% 4.8% 38.7% Change 2011-20 The Vehicle License Tax has 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. 276 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 2010-11 48,247,443 1,415,100 49,662,543 1.2409 444,097,352 11.2% 2011-12 37,474,985 1,285,311 38,760,296 1.4679 359,683,508 10.8% 2012-13 33,136,394 1,264,061 34,400,455 1.4679 321,960,273 10.7% 2013-14 30,817,626 1,411,380 32,229,006 1.4637 310,300,015 10.4% 2014-15 33,658,024 1,421,622 35,079,646 1.5157 339,536,632 10.3% 2015-16 33,326,722 1,296,948 34,623,670 1.5757 338,995,111 10.2% 2016-17 34,806,838 1,328,657 36,135,495 1.6357 357,897,714 10.1% 2017-18 36,915,364 1,336,527 38,251,891 1.6357 377,202,043 10.1% 2018-19 39,174,219 1,249,013 40,423,232 1.6357 395,076,594 10.2 % 2019-20 41,687,136 1,507,190 43,194,326 1.6357 421,503,261 10.2 % 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. 277 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 2010-11 1.0508 0.0000 0.1489 0.0412 1.2409 2011-12 1.2407 0.0000 0.1780 0.0492 1.4679 2012-13 1.2407 0.0000 0.1780 0.0492 1.4679 2013-14 1.2807 0.0000 0.1392 0.0438 1.4637 2014-15 1.3209 0.0000 0.1392 0.0556 1.5157 2015-16 1.3609 0.0000 0.1592 0.0556 1.5757 2016-17 1.4009 0.0000 0.1792 0.0556 1.6357 2017-18 1.4009 0.0000 0.1792 0.0556 1.6357 2018-19 1.4009 0.0000 0.1792 0.0556 1.6357 2019-20 1.4009 0.0000 0.1792 0.0556 1.6357 Overlapping Rates Central Arizona State Fiscal Year Water Other Community of Arizona Education Equalization Conservation District Special Districts College District School Districts Cities 2010-11 0.0000 0.3564 0.1000 0 - 3.3000 0.9728 0.7098 - 10.7955 0 - 2.4390 2011-12 0.0000 0.4259 0.1000 0 - 4.0500 1.2082 0.7566 - 10.7955 0 - 2.9084 2012-13 0.0000 0.4717 0.1000 0 - 6.1500 1.3778 0.7710 - 10.4523 0 - 3.8886 2013-14 0.0000 0.5123 0.1400 0 - 5.3000 1.5340 0.7463 - 10.2183 0 - 4.0399 2014-15 0.0000 0.5089 0.1400 0 - 5.6098 1.5187 0.7734 - 10.6361 0 - 1.9500 2015-16 0.0000 0.5054 0.1400 0 - 7.1179 1.4940 0.8514 - 11.1449 0 - 3.9715 2016-17 0.0000 0.5010 0.1400 0 - 8.6974 1.4651 0.7461 - 11.1007 0 - 3.9734 2017-18 0.0000 0.4875 0.1400 0 - 6.6857 1.1956 0.9005 - 11.0462 0 - 3.9895 2018-19 0.0000 0.4741 0.1400 0 - 5.6925 1.3754 0.9931 - 10.6214 0 - 3.9610 2019-20 0.0000 0.4566 0.1400 0 - 5.7956 1.3285 1.1981 - 9.0052 0 - 3.7438 Source: Maricopa County Department of Finance – Property Tax Division. All tax rates are per $100 assessed valuation. 278 Maricopa County Principal Property Taxpayers Current Year and Nine Years Ago 2019-20 2010-11 Percentage of Percentage of Total County Taxpayer Secondary Valuation Rank Assessed Value Total County Secondary Valuation Rank Assessed Value Arizona Public Service Company 1,196,202,341 1 2.77% 1,087,402,081 1 Southwest Gas Corporation (T&D) 185,672,729 2 0.43% 167,366,070 4 2.19% 0.34% Qwest Corporation 117,276,992 3 0.27% 230,780,585 3 0.46% Southern California Edison Co (T&D) 112,620,649 4 0.26% 154,343,927 5 0.31% El Paso Electric Co (T&D) 98,573,965 5 0.23% 135,952,234 6 0.27% Wal-Mart Stores Inc 97,935,827 6 0.23% 92,460,164 10 0.19% Verizon Wireless 84,915,616 7 0.20% 51,270,946 20 0.10% Target Corporation 70,215,945 8 0.16% 80,940,958 12 0.16% Public Service Company of New Mexico (T&D) 64,689,698 9 0.15% 86,220,216 11 0.17% Smiths Food and Drug Centers Inc 58,591,844 10 0.14% 52,084,549 19 0.10% Intel Corporation 55,919,353 11 0.13% 121,184,466 7 0.24% Arizona Solar One LLC 49,802,040 12 0.20% Host Kierland LP 44,986,518 13 0.12% 63,927,591 15 0.13% Host Camelback I LLC 37,501,440 14 0.10% 54,750,079 18 0.11% 105,238,560 9 0.21% Salt River Project 653,895,628 2 1.32% Gila River Power, LP 116,665,501 8 0.23% Federal National Mortgage Association 74,688,609 13 0.15% New Harquahala Generating Co, LLC 72,006,394 14 0.14% Scottsdale Fashion Square LLC 61,195,003 16 0.12% Safeway Inc 55,088,390 17 0.11% Esplanade Owner LP 37,280,484 15 0.09% Union Pacific Railroad 37,081,454 16 0.09% Southern Cal Public Pwr Auth (Palo Verde) 36,921,077 17 0.09% CXA Sundevil Holdco, Inc 36,645,120 18 0.09% Mesquite Power LLC 35,436,600 19 0.08% AT&T Mobility LLC 33,608,523 20 0.08% $ 2,491,878,215 $ 43,194,326,395 Source: Maricopa County Assessor’s Office. 279 5.91% $ 3,517,461,951 $ 49,662,543,618 7.05% 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 Amount Percentage of Levy Collections In Subsequent Years Amount Percentage of Levy 2010-11 580,723,610 556,833,931 95.89 11,407,884 568,241,815 97.85 2011-12 559,042,706 541,115,030 96.79 9,691,717 550,806,747 98.53 2012-13 496,621,093 483,768,161 97.41 7,568,767 491,336,928 98.93 2013-14 463,734,687 454,630,238 98.04 5,716,997 460,347,235 99.27 2014-15 505,927,593 495,964,759 98.03 5,081,858 501,046,617 99.03 2015-16 539,956,426 532,594,860 98.64 5,194,095 537,788,955 99.60 2016-17 584,777,057 574,861,219 98.30 6,218,108 581,079,327 99.38 2017-18 619,337,610 608,182,650 98.20 7,147,882 615,330,532 99.37 2018-19 655,074,951 645,049,237 98.47 7,695,874 652,745,111 98.47 2019-20 700,013,306 682,188,952 97.45 682,188,952 97.45 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 County Library Total County 2010-11 492,224,342 68,019,592 20,479,676 580,723,610 2011-12 477,571,468 62,401,172 19,070,066 559,042,706 2012-13 425,111,491 54,584,578 16,925,024 496,621,093 2013-14 409,775,397 39,842,985 14,116,305 463,734,687 2014-15 442,762,977 43,660,332 19,504,284 505,927,593 2015-16 471,193,529 49,512,136 19,250,761 539,956,426 2016-17 506,222,142 58,463,580 20,091,335 584,777,057 2017-18 535,870,745 62,198,813 21,268,052 619,337,610 2018-19 566,289,063 66,310,571 22,475,317 655,074,951 2019-20 605,109,318 70,887,943 24,016,045 700,013,306 Source: Maricopa County Department of Finance – Property Tax Division. 280 Maricopa County Ratios of Outstanding Debt by Type Last Ten Fiscal Years Other Governmental Activities Debt Fiscal Lease Stadium Stadium Year Ended June 30, Revenue Bonds District Rev. Bonds District Loans (d) Special Assessment Bond Premium (d) of Participation 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 142,140,000 130,815,000 120,350,000 108,975,000 97,135,000 54,755,000 8,106,857 6,906,857 5,706,857 120,533 80,050 64,679 49,465 44,727 22,913 14,464 6,813 3,615,891 1,371,661 706,020 559,708 16,046,812 10,809,836 5,211,138 9,650,549 8,042,124 12,555,424 2,895,000 432,651 185,580,000 185,580,000 230,040,000 239,530,000 122,185,000 236,125,000 8,329,091 17,981,211 11,429,438 3,689,687 1,581,834 20,783,850 34,515,000 30,945,000 22,440,000 19,260,000 16,010,000 12,685,000 9,280,000 5,800,000 Certificates Capital Leases Business-Type Activities Fiscal Year Ended June 30, Housing Authority Debt (e) 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2,787,917(d) 3,609,943 6,373,931 6,432,523 6,325,996 27,855,398 26,099,216 30,216,072 35,224,245 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Total Percentage Primary of Assessed Government (c)(d) Property Value (a) Per Capita (b) 0.39% 0.45% 0.44% 0.42% 0.94% 0.83% 0.79% 0.74% 0.40% 0.71% 50.25 44.51 38.86 34.28 81.10 69.39 67.05 65.99 37.11 69.76 191,825,932 172,906,485 152,877,499 135,218,104 329,578,153 288,159,956 283,830,438 284,776,265 162,025,030 304,688,519 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 other governmental activities and business-type activities debt. (d) Data was adjusted in fiscal year 2013 to include all long-term debt instruments and bond premium as reported in the basic financial statements. (e) Beginning FY14, Housing Authority is reported in Business-Type Activities. 281 Maricopa County Legal Debt Margin Information Last Ten Fiscal Years Fiscal Year Debt limit 2010-11 2011-12 2012-13 2013-14 2014-15 $7,449,381,543 $5,814,044,507 $5,160,068,357 $4,834,351,022 $5,261,946,989 $7,449,381,543 $5,814,044,507 $ 5,160,068,357 $4,834,351,022 $5,261,946,989 0% 0% 0% 0% 0% 2015-16 2016-17 2017-18 2018-19 2019-20 $5,193,550,548 $5,420,324,171 $5,737,783,687 $6,063,484,863 $6,479,148,959 $5,193,550,548 $5,420,324,171 $5,737,783,687 $6,063,484,863 $6,479,148,959 0% 0% 0% 0% 0% Total net general obligation debt Legal debt margin Total net debt applicable to the limit as a percentage of debt limit Fiscal Year Debt limit Total net general obligation debt Legal debt margin Total net debt applicable to the limit as a percentage of debt limit Legal Debt Margin Calculation for Fiscal Year 2019-20 Assessed Value $ 43,194,326,395 Debt limit (15% of assessed value) 6,479,148,959 Debt applicable to limit: General obligation bonds Total net debt applicable to limit Legal debt margin $ 6,479,148,959 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. 282 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 2010-11 5,322,380 9,255,676 4,569,241 2,029,943 2011-12 5,527,021 9,245,158 4,770,000 1,852,039 6,599,184 81% 140% 6,622,039 83% 2012-13 5,183,923 4,360,173 3,900,000 140% 610,378 4,510,378 115% 2013-14 5,394,706 4,401,308 97% 8,886,857 512,882 9,399,739 57% 2014-15 3,564,657 47% 4,275,019 3,250,000 440,946 3,690,946 97% 116% 2015-16 2016-17 3,495,100 4,078,741 3,325,000 366,378 3,691,378 95% 110% 3,786,822 4,169,995 3,405,000 290,568 3,695,568 102% 113% 2017-18 4,207,945 4,685,006 3,480,000 212,934 3,692,934 114% 127% 2018-19 1,266,621 16,417 5,800,000 135,210 5,935,210 21% 0% 2019-20 1,449 0 0 0% 0% Gross Coverage Net Coverage 151% 0 0 Special Assessment Bonds Net Revenue Available Fiscal Year Gross Revenue For Debt Service (1) Debt Services Requirements Principal Interest Total 2010-11 28,253 98,077 53,909 11,082 64,991 43% 2011-12 22,013 73,157 40,483 6,450 46,933 47% 156% 2012-13 29,361 81,996 15,371 5,151 20,522 143% 400% 2013-14 94 29,564 15,214 4,369 19,583 0% 151% 193% 2014-15 0 17,554 4,738 4,374 9,112 0% 2015-16 23,361 17,300 21,814 1,801 23,615 99% 73% 2016-17 4,354 12,059 8,449 1,146 9,595 45% 126% 2017-18 5,077 8,940 7,651 545 8,196 62% 109% 2018-19 0 0 6,813 0 6,813 0% 0% 2019-20 0 0 0 0 0 0% 0% 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. 283 Maricopa County Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Year 2011-12 2010-11 2012-13 2013-14 2014-15 Unemployment Rate (June 30) County 8.9% (1) 7.5% (1) 7.1% 6.4% 5.3% State 9.5% (1) 8.4% (1) 8.0% 6.9% 5.9% 8.2% 7.6% 6.1% 5.3% 167,439,604 $ 175,437,829 3,944,859 4,063,700 42,445 $ 43,172 United States 9.2% Population/Income Statistics Income (in thousands) $ Population Per Capita 147,724,392 $ 156,763,179 (2) 3,817,117 $ 38,701 $ 3,884,705 (2) $ 40,354 (2) 160,497,824 (2) $ 3,933,712 $ 40,801 (2) $ Fiscal Year 2015-16 2016-17 2017-18 2018-19 2019-20 4.30% Unemployment Rate (June 30) County 5.3% 4.50% 4.10% 4.50% State 5.8% 5.10% 4.70% 4.90% 5.00% United States 4.90% 4.40% 4.00% 3.70% 3.70% Population/Income Statistics Income (in thousands) $ Population Per Capita $ 185,111,698 (3) 4,152,800 4,233,300 44,575 $ 45,667 (3) $ (3) (3) 4,315,600 4,366,583 4,367,835 47,694 49,704 (3) Source: Workforce Informer Arizona at www.workforce.az.gov for unemployment rate and population. U.S. Department of Commerce Bureau of Economic Analysis for income data. (1) Data was adjusted in fiscal year 2013. (2) Data was adjusted in fiscal year 2014. (3) Income is not available beginning in fiscal year 2017 and Per Capita is not yet available for fiscal year 2020. 284 Maricopa County Principal Employers Current Year and Nine Years Ago 2011 2020 Percentage of Employer Employees Rank Total County Employment Percentage of Employees Rank Total County Employment Banner Health 45,894 1 2.20% 28,220 3 1.73% State of Arizona 37,040 2 1.77% 49,282 1 3.02% Walmart Inc 33,619 3 1.61% 30,608 2 1.88% Fry’s Food Stores 20,165 4 0.97% 13,100 5 0.80% Wells Fargo & Co 16,700 5 0.80% University of Arizona 15,967 6 0.76% Amazon.com Inc. 15,000 7 0.72% Arizona State University 14,889 8 0.71% 12,221 8 0.75% City of Phoenix 14,821 9 0.71% 15,544 4 0.95% Maricopa County 13,595 10 0.65% 12,458 7 0.76% Apollo Group Inc. 13,000 6 0.80% Bank of America 12,000 9 0.74% Raytheon Co. 12,000 10 0.74% Total for Principal Employers Total Employment in Maricopa County 227,690 10.91% 2,087,640 1,630,600 As of June 30 Source: 198,433 The Phoenix Business Journal, Book of Lists. Arizona’s Economy – www.azeconomy.org 285 12.17% Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 General Government Board of Supervisors 26 27 27 27 27 28 28 28 27 27 Call Center 27 27 27 27 27 27 27 22 20 20 County Assessor 323 329 324 320 322 315 311 310 296 296 County Manager 30 31 26 18 18 18 17 21 31 34 Elections 54 54 52 52 52 52 52 28 31 29 Facilities Management 184 194 125 136 137 165 239 136 137 136 Finance 41 43 44 35 39 39 38 37 39 39 Workforce Management & Development 44 43 116 46 46 46 46 47 77 104 Enterprise Technology 111 133 165 169 202 216 214 215 217 217 Internal Audit 17 17 19 19 18 18 18 18 19 19 Management and Budget 31 29 31 19 18 19 19 16 16 15 Materials Management 34 34 39 39 37 40 37 27 27 27 Other General Government 82 81 95 89 90 85 86 87 90 91 Recorder 63 63 62 62 56 56 56 87 86 89 Employee Health Initiatives 20 19 28 26 28 28 25 25 Treasurer 49 52 55 53 55 55 57 64 59 70 Deputy County Manager 13 12 12 11 0 0 0 Assistant County Manager 12 11 9 9 9 9 5 30 32 32 Real Estate Public Safety Adult Probation 1,065 1,072 1,071 1,100 1,117 1,143 1,164 1,200 1,197 1,201 Clerk of Superior Court 680 674 671 675 683 680 689 695 692 686 Constables 35 35 36 36 36 36 37 37 37 37 County Attorney 887 918 945 936 946 984 999 1,022 1,020 1,059 Court System 2,176 2,204 2,248 2,271 2,335 2,387 2,431 2,459 13 14 14 15 15 17 16 36 2,490 41 196 648 88 105 48 3,879 14 3 429 Medical Examiner 77 78 86 87 88 88 94 100 Planning & Development 104 111 113 77 85 80 85 88 Public Fiduciary 33 41 41 41 42 44 48 48 3,607 3,588 3,602 3,689 3,928 3,982 3,859 3,850 Deputy County Manager 40 13 16 15 15 Assistant County Manager 4 4 4 4 10 2,455 37 190 660 101 104 48 3,846 14 3 416 410 416 421 423 425 Emergency Management Flood Control 190 192 254 252 228 187 186 188 Juvenile Probation 752 733 708 693 689 703 674 659 Sheriff Highways and Streets Transportation 510 490 417 Health, Welfare and Sanitation Air Quality 180 143 141 141 14 144 143 150 154 Animal Control 168 169 165 165 170 169 174 185 188 179 Correctional Health 453 463 474 477 464 475 482 486 484 491 Environmental Services 276 284 286 293 290 288 281 279 297 295 Human Services Other Health, Welfare and Sanitation 397 385 380 364 372 399 545 358 369 343 9 12 10 11 11 11 12 12 Public Health 577 614 602 613 625 633 622 618 547 523 Waste Resources and Recycling Mgmt 31 29 28 23 23 22 22 22 2 2 2 Assistant County Manager 145 Culture and Recreation Library District 172 171 171 165 165 164 165 168 168 168 Parks and Recreation 85 86 84 83 81 78 82 82 91 94 Stadium District 5 5 5 5 5 5 5 5 1 47 60 111 134 152 145 102 121 90 86 13,665 13,747 13,898 13,970 14,316 14,531 14,648 14,516 14,427 14,507 Education Education Service Source: County Management and Budget Department 286 Maricopa County Operating Indicators by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program General Government County Assessor Number of parcels assessed Elections Registered voters Number voting (1) Public Safety Adult Probation Probationers Community service hours Collections County Attorney Adult felony filings Juvenile filings Flood Control District Linear miles of watercourses delineated Presentation, consultation requests completed Square miles of watershed studies completed Drainage complaint investigations conducted <30 days Justice Courts Annual new filings Total non-jury trials commenced Total jury trials commenced Juvenile Probation (4) Population under 18 years old Population 8 to 17 Juveniles brought to detention Average detention length (days) Superior Court Annual Case Filings (4) Public Health Certified copies of birth or death certificates Number of immunizations Cases of communicable diseases investigated Culture and Recreation Library District Number of items circulated Number of library cards issued Number of print, media and electronic items Education Superintendent of Schools School districts in Maricopa County Home Schooled students Private School students (1) (2) (3) (4) 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 1,546,229 1,546,690 1,547,609 1,549,513 1,559,141 1,591,420 1,596,594 1,612,651 1,612,651 1,624,226 1,919,175 1,004,125 1,868,255 1,004,125 1,915,531 1,390,836 1,973,543 1,390,836 1,972,381 877,187 2,030,837 877,187 2,161,716 1,608,875 2,200,428 1,608,875 2,254,596 1,454,103 1,866,897 484,012 31,093 327,894 28,899,021 30,660 299,018 28,442,000 29,684 290,650 27,415,557 28,704 365,718 27,337,265 27,568 407,905 27,043,194 29,031 443,009 27,898,054 29,243 422,260 31,616,238 28,975 380,325 27,776,936 28,525 417,514 28,337,211 27,879 491,400 24,179,399 N/A (2) N/A (2) N/A (2) N/A (2) 31,902 21,488 33,889 9,751 31,179 24,533 29,918 15,078 28,778 15,116 35,906 21,740 36,981 22,827 37,979 22,223 22 10 0 0 0 165 0 N/A (2) N/A (2) N/A (2) 153 209 673 697 23 19 82 N/A (2) N/A (2) N/A (2) 324 1,221 59 105 6 0 3,632 N/A (2) N/A (2) N/A (2) 73 57 128 142 119 53 125 N/A (2) N/A (2) N/A (2) 835,882 353,588 335,860 262,024 311,187 263,639 268,025 286,792 285,201 250,412 2,713 108 2,918 60 2,975 83 3,480 606 2,613 94 3,059 130 2,900 137 3,650 119 2,964 105 2,650 104 1,006,139 555,381 1,001,906 556,239 1,009,135 562,093 1,015,772 567,259 1,023,146 574,748 1,031,053 582,513 1,039,074 590,049 1,045,266 594,800 1,052,788 600,574 1,052,438 602,534 8,697 8,308 7,270 6,711 6,186 5,235 5,223 5,195 4,887 4,335 14 13 15 14 15 18 19 22 24 28 221,471 197,901 193,980 196,067 185,887 182,632 184,793 181,338 183,742 167,054 292,162 157,894 270,648 138,596 270,266 132,330 257,152 127,417 288,837 122,321 330,800 113,016 336,744 125,543 341,530 111,634 331,327 118,032 328,562 157,780 10,853 10,501(4) 10,179 11,512 10,730 8,425 7,391 6,265 39,218 73,750 7,507,016 48,410 7,792,398 46,374 8,079,755 40,521 8,264,133 43,020 7,396,715 42,354 7,386,698 41,908 7,491,459 40,561 7,685,848 40,744 8,781,727 43,191 5,676,278 32,673 719,534 639,131 660,044 671,036 666,091 686,477 693,332 703,287 717,853 745,409 58 9,874 18,098 58 9,804 16,958 58 10,930 19,579 58 11,595 18,395 58 12,232 19,526 58 14,516 20,122 58 14,582 20,763 58 12,697 15,793 58 14,305 17,669 58 18,413 18,255 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). Information unavailable for fiscal year. Data was adjusted during fiscal year 2013. Data was adjusted during fiscal year 2018 to reflect updated reporting practices and to improve consistency and accuracy. Note: Indicators for Highways and Streets is not available. Source: Managing for Results – Strategic Plans and Performance Measures. 287 Maricopa County Capital Asset Statistics by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 25 25 28 27 29 178 194 196 198 202 2016-17 2017-18 2018-19 2019-20 28 27 29 30 203 202 208 210 General Government Facilities Management Number of buildings owned by Facilities Number of buildings maintained by Facilities 29 203 Public Safety Flood Control District 339 347 350 354 358 368 394 400 405 409 Justice Courts Operating alert stations 25 25 26 26 26 26 26 26 26 26 Juvenile Courts 2 2 2 2 2 2 2 2 2 2 11,509 11,509 11,149 11,149 11,088 11,013 10,006 9,329 9,329 8,476 6 6 6 6 6 6 6 6 5 5 Miles of Road 5,267 5,244 5,383 5,386 5,378 5,411 5,390 5,402 5,269 5,313 Miles of road with paved surfaces 4,448 4,429 4,570 4,573 4,582 4,581 4,578 4,609 4,509 4,167 Sheriff Inmate beds available (incl. portable) Number of jail facilities Highways and Streets Transportation Number of major bridges 21 20 20 20 20 20 20 20 20 20 Number of total bridges 278 273 279 279 285 287 287 291 291 294 2 2 2 2 2 2 2 2 2 2 Number of public health facilities 2 2 2 20 21 21 21 24 21 21 Number of WIC facilities 2 2 2 15 15 15 14 17 17 16 6 6 6 6 6 6 6 6 6 6 Health, Welfare and Sanitation Animal Care and Control Number of animal shelters Public Health Waste Resources and Recycling Mgmt Number of transfer stations Culture and Recreation Library District Number of facilities owned 3 3 3 3 3 3 3 3 3 3 Facilities operated 14 14 14 14 15 16 16 16 16 15 Bookmobiles 0 0 0 0 0 0 0 0 0 0 Regional county parks 9 9 9 9 9 9 9 11 12 12 County managed golf courses 3 3 3 3 3 3 3 3 3 3 119,257 119,257 119,257 119,257 119,257 119,257 119,968 120,039 121,185 121,185 1 1 2 1 1 1 2 2 2 2 1 1 1 1 1 1 1 1 1 1 Parks and Recreation Total acres managed Conservation areas Stadium District Major league baseball field Source: Various County Agencies. Note: Indicators for Education are not available. 288 MRJP www.maricopa.gov