Fiscal Year Ended June 30, 2021 COCONINO MOHAVE APACHE NAVAJO YAVAPAI LA PAZ MARICOPA COUNTY GILA GREENLEE PINAL GRAHAM YUMA PIMA COCHISE SANTA CRUZ Board of Supervisors Picture not available Thomas Galvin District 2 Jack Sellers District 1 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, 2020 to June 30, 2021 Prepared By Office of Budget and 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, 2021 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 Government-wide Financial Statements Statement of Net Position Statement of Activities 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 19 21 22 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 Fiscal Recovery Fund Coronavirus Relief Fund Detention Operations Fund 89 92 93 95 Notes to Budgetary Comparison Schedules 96 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 100 Schedule of County Pension Contributions 104 i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2021 Page Notes to Pension Plan Schedules 106 Modified Approach for Infrastructure Assets 108 Combining and Individual Fund Statements and Schedules 111 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 118 134 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 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 Grants Fund Clerk of the Court Judicial Enhancement Fund Clerk of the Court SRF 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 Domestic Relations Mediation Education Fund Educational Supplemental Program Fund Election Grants Emergency Management Fund Environmental Services Environmental Health Fund Expedited Child Support Fund Flood Control Fund Flood Control Grants Fund Human Services Grants Fund Inmate Health Services Fund Inmate Services Fund Justice Court Judicial Enhancement Fund Justice Courts Special Revenue Fund ii 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2021 Page Special Revenue Funds (Continued) Justice Reinvestment 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 Debt Service Fund County Improvement Debt Fund iii 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2021 Page 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 236 237 238 239 240 241 242 243 244 245 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 253 254 256 258 Fiduciary Funds Listing of Fiduciary Funds Combining Statement of Fiduciary Net Position, Custodial Funds Combining Statement of Changes in Fiduciary Net Position, Custodial Funds 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 Thomas Galvin, 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 17, 2021 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 Arizona Auditor General to conduct financial audits of the accounts and records of County governments. Pursuant to the statute, the Arizona Auditor General audited the Comprehensive Annual Financial Report of Maricopa County in accordance with generally accepted auditing standards for the year ended June 30, 2021. 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, 2021, 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, 2021. 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, 2021, Maricopa County contained 60.9 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, Dignity Health, 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. Arizona’s recovery from the COVID-19 pandemic has gained significant momentum in 2021 with strong job gains, housing activity, and taxable sales. Arizona jobs are on pace to regain their pre-pandemic peak in the fourth quarter of 2021 and the long-run outlook for the state is strong (www.azeconomy.org). Maricopa County’s unemployment rate is 3.8 percent as of September 2021, which remains below the State of Arizona and United States unemployment rates of 4.3 percent and 4.6 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, 2020. 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 Office of Budget and Finance staff, the assistance of administrative personnel in the various departments, and the competent service of the Arizona 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 • 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 • Required Supplementary Information Modified Approach for Infrastructure Assets • Nonmajor Governmental Funds • Internal Service Funds • Combining and Individual Fund Statements and Schedules 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, aggregate discretely presented component units, each major fund, and aggregate remaining fund information of Maricopa County as of and for the year ended June 30, 2021, 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 3 departments and the discretely presented component units, 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 or component unit Government-wide statements Governmental activities: Stadium District Risk Management Employee Benefits Trust Aggregate discretely presented component units: Industrial Development Authority Housing Authority Fund statements Aggregate remaining fund information: Stadium District Risk Management Employee Benefits Trust 2910 N 44 th St., Ste. 410 • PHOENIX, AZ Assets and deferred outflows Liabilities and deferred inflows Revenues Expenses/ expenditures 3.07% 0.15% 1.19% 0.03% 2.50% 0.87% 0.14% 0.90% 6.36% 0.49% 1.29% 6.29% 16.5% 83.5% 10.2% 89.8% 10.4% 89.6% 15.0% 85.0% 0.13% 0.18% 1.46% 0.25% 23.67% 8.21% 0.03% 0.17% 1.20% 0.04% 0.22% 1.07% 85018-7271 • (602) 553-0333 • WWW.AZAUDITOR.GOV 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 units, 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, aggregate discretely presented component units, each major fund, and aggregate remaining fund information of the County as of June 30, 2021, 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. Emphasis of matter As discussed in Note 1 to the financial statements, for the year ended June 30, 2021, the County adopted new accounting guidance, Governmental Accounting Standards Board Statement No. 84, Fiduciary Activities. Our opinions are not modified with respect to this matter. 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 89 through 96, schedule of the County’s proportionate share of the net pension liability—cost-sharing plans on pages 98 through 99, schedule of changes in the County’s net pension liability and related ratios—agent plans on pages 100 through 103, schedule of County pension contributions on pages 104 through 105, notes to pension plan schedules on pages 106 through 107, and the modified approach for infrastructure assets on page 108 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 County’s Board of Supervisors and 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 Lindsey A. Perry, CPA, CFE Auditor General December 17, 2021 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 $4,033.4 million (net position), an increase of 9.7 percent from the prior year amount. Of this amount, $3,881.6 million is invested in capital assets, $648.8 million is subject to external restrictions, and ($497.0) million is unrestricted. The County’s total net position as reported in the Statement of Activities increased by $355.0 million from the prior year 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 $927.0 (31.8%) Capital Grants & Contributions $22.1 (0.8%) Other - $27.8 (1.0%) Taxes - $987.4 (33.8%) Charges for Services - $319.4 (10.9%) Operating Grants & Contributions $634.4 (21.7%)  The County’s governmental funds reported combined fund balances of $1,912.3 million, an increase in fund balance of $297.5 million from the prior fiscal year’s balance. Approximately 99.3 percent of the combined fund balances, or $1,898.6 million, is spendable and available to meet the County’s current and future needs.  Spendable fund balance for the General Fund increased by 105.8 percent to $617.4 million; approximately 54.1 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) 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 118. 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 County has no business-type activities. Component units are legally separate entities for which the County is considered to be financially accountable. Blended component units, although legally separate entities, are in substance part of the County’s operations. Therefore, data from these units is combined with data of the primary government. Discretely presented component units, on the other hand, are reported in a separate column in the government-wide financial statements to emphasize they are legally separate from the County. The 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 Housing Authority of Maricopa County and Industrial Development Authority of Maricopa County are reported as discretely presented component units. 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. 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 6 Management’s Discussion and Analysis (Continued) 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 seven 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 Fiscal Recovery 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 118 of this report. The governmental funds financial statements can be found on pages 24-28 of this report.  Proprietary funds are used to account for the County’s internal service funds. Internal service funds are an accounting device used to accumulate and allocate costs internally among the County’s various functions. The County uses internal service funds to account for its equipment services, 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. 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 254 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 39-85 of this report. Required Supplementary Information is presented concerning the County’s General Fund, Coronavirus Fiscal Recovery 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 presented is the Modified Approach for Infrastructure Assets. Required supplementary information can be found on pages 89-108 of this report. 7 Management’s Discussion and Analysis (Continued) 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, 2021, as compared to the prior year. Statement of Net Position* As of June 30 (in millions) Governmental Activities 2021 2020 Current and other assets Capital assets Total assets $ $ 2,263.0 3,919.9 6,182.9 23.7% 2.0 10.0 Deferred outflows 445.1 382.9 16.2 Current liabilities Long-term liabilities Total liabilities 759.5 2,394.0 3,153.5 550.1 2,243.1 2,793.2 38.1 6.7 12.9 Deferred inflows 56.4 94.2 (40.1) 3,881.6 648.8 (497.0) 4,033.4 3,808.2 588.9 (718.7) 3,678.4 1.9 10.2 30.8 9.7 Net position Net investment in capital assets Restricted Unrestricted Total net position $ * 2,798.5 3,999.7 6,798.2 % Chg P/Y $ Business-type activities and the total columns were adjusted and removed for 2020 for beginning balance adjustments as a result of the change in presentation of the Housing Authority of Maricopa County from an enterprise fund to a discretely presented component unit. See Note 3 – Beginning Balances Restated for additional information. By far, the largest portion - $3.9 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 $73.4 million due to an increase in net capital assets of $79.8 million and a decrease in capital asset related debt of $6.4 million. The increase in capital assets is attributed to an increase in non-depreciable capital assets of $110.7 million offset by a decrease in depreciable capital assets (net of accumulated depreciation) of $30.9 million. See page 12 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, $648.8 million, represents resources that are subject to external restrictions on how they may be used. This component increased by $59.9 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 $26.8 million from the prior year. This can be attributed to revenues and other financing sources exceeding expenses for the fiscal year. 8 Management’s Discussion and Analysis (Continued) The final component consists of an unrestricted deficit of $497.0 million, which decreased from fiscal year 2020 by $221.7 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. Specifically, the General Fund’s assigned and unassigned fund balances increased by $273.7 and $43.8 million, respectively, from the prior fiscal year. Changes in Net Position As discussed previously, the County’s total net position of $4.0 billion increased by $355.0 million as reported in the Statement of Activities. The following table reflects the condensed Statement of Activities of the County for the fiscal year 2021 compared to the prior year and indicates the changes in net position for governmental activities: Statement of Activities* For the year ended June 30 (in millions) Governmental Activities 2021 2020 % Chg P/Y Revenues: Program revenues: Charges for services Operating grants and contributions Capital grants and contributions $ 319.4 634.4 22.1 $ 288.0 374.7 29.5 10.9% 69.3 (25.2) General revenues: Taxes Unrestricted intergovernmental Other Total Revenues 987.4 927.0 27.8 2,918.1 915.1 798.3 55.7 2,461.3 7.9 16.1 (50.1) 18.6 Expenses: General government Public safety Highways and streets Health, welfare and sanitation Other** Total Expenses 231.8 1,196.7 126.5 919.0 89.1 2,563.1 224.1 1,053.2 186.7 651.9 82.7 2,198.6 3.4 13.6 (32.2) 41.0 7.7 16.6 Change in net position Net position – beginning, as restated* Net position – ending 355.0 3,678.4 $4,033.4 262.7 3,415.7 $3,678.4 35.1 7.7 9.6 * Net position for fiscal year 2020 for business-type activities was adjusted by ($84.9 million) for the reclassification of the Housing Authority of Maricopa County to a discretely presented component unit. See Note 3 – Beginning Balances Restated 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 $92.2 million. 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 33.8, 31.8, 21.7, and 10.9 percent, respectively, of total revenues for fiscal year 2021. Tax revenues in total increased $72.3 million primarily as a result of an increase in property taxes of $46.7 9 Management’s Discussion and Analysis (Continued) million and jail excise tax of $27.9 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 $128.7 million from the prior fiscal year. This increase is primarily attributable to increases in the state shared sales tax and vehicle license taxes of $104.8 and $23.8 million, respectively. The increases in jail excise tax, state shared sales tax, and vehicle license tax revenues are a result of a strong economy throughout the fiscal year. Capital grants and contributions decreased by $7.4 million from the prior year as capital contributions attributed to highways and streets decreased by $11.2 million, offset by gains in other governmental activities of $3.8 million. Operating grants and contributions increased by $259.7 million from the prior fiscal year. This increase is primarily due to intergovernmental revenues in the Coronavirus Relief Fund of $302.7 million. Other revenues decreased by $27.8 million as a result of decreases in unrestricted investment earnings of $42.4 million, offset by increases in miscellaneous revenues of $14.6 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 $364.5 million or 16.6 percent from the prior fiscal year, which is primarily a result of expenses for health, welfare, and sanitation from governmental activities increasing by $267.1 million. The largest increases in expenditures were for the Coronavirus Relief Fund, Detention Fund, and General Fund which increased by $205.5, $55.8, and $29.5 million, respectively, from the prior fiscal year. In addition, pension expenses increased by $113.4 million. The difference is offset by decreases in 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, 2021, the governmental funds reported combined fund balances of $1,912.3 million, which was an increase in fund balance of $297.5 million from the prior fiscal year. Approximately 99.3 percent of the combined fund balances, or $1,898.6 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 $617.4 million, while total fund balance was $620.8 million. This represents an increase in the spendable fund balance from the prior year of $317.4 million, or 105.8 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 54.1 percent of the total fiscal year 2021 General Fund expenditures, while total fund balance represents 54.4 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 2022 operating expenditures are expected to be fully funded by fiscal year 2022 revenues. During fiscal year 2021, the General Fund experienced an increase in fund balance of $317.3 million, an increase of $254.1 million from the prior fiscal year change in fund balance of $63.2 million. Revenues increased by $168.3 million from the prior fiscal year as a result of increases in state shared sales tax, 10 Management’s Discussion and Analysis (Continued) property tax, and state shared VLT revenue of $104.8, $41.2, and $23.8 million, respectively, with decreases in interest income of $23.3 million. Transfers out decreased by $114.1 million and expenditures increased by $29.5 million. The decrease in transfers out is primarily a result of decreases in transfers to General Fund County Improvements Fund and Technology Capital Improvement Fund of $81.6, $43.4, respectively, offset by increases in transfers out to the County Improvement Debt Fund of $13.2 million. The increase in expenditures is primarily attributable to increases in intergovernmental services, capital outlay, and utilities of $19.4, $6.9, and $1.4 million, respectively, offset by decreases in expenditures in supplies and legal of $5.2 and $4.1 million, respectively. The increase in intergovernmental services is due to increases in payments made to the Arizona Long Term Care System and Arizona Health Care Cost Containment System of $11.6 and $3.1 million, respectively. Coronavirus Fiscal Recovery Fund The Coronavirus Fiscal Recovery Fund is a special revenue fund that was established during the current fiscal year and accounts for the Coronavirus State and Local Fiscal Recovery Funds authorized under Subtitle M of the American Rescue Plan Act (ARPA) of 2021 to mitigate the fiscal effects stemming from the public health emergency with respect to the Coronavirus Disease (COVID-19). At the end of the fiscal year, spendable fund balance was $1.8 million. In addition, the unearned revenue amount of $416.6 million represents the remaining ARPA funding not yet spent. Coronavirus Relief Fund The Coronavirus Relief Fund is a special revenue fund that was established during fiscal year 2020 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 $68.8 thousand. 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 $121.9 million, of which 97.9 percent is restricted and considered spendable. This was an increase in total fund balance of $27.8 million, or 22.8 percent from the prior fiscal year. Although the fund had more expenditures than revenues by $168.0 million, positive net transfers of $194.0 million offset the net loss in the fund. Operating transfers consisted primarily of the transfer in for MOE from the General Fund of $194.6 million and transfers out to the Detention Capital Projects Fund and County Improvement Debt Fund of $1.9 and $1.8 million, respectively. The amounts transferred out of the Detention Operations Fund for any given year are determined through the budget planning process. 11 Management’s Discussion and Analysis (Continued) 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 $23.9 million. This represents an increase of $18.0 million 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. 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 $103.7 million, a decrease of $75.5 million from prior year. The decrease was primarily the result of an increase in capital outlay expenditures of $41.3 million and no bond proceeds in FY21. 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 $473.3 million, all of which is committed and considered spendable. The fund balance in this fund decreased $4.6 million from the prior fiscal year as a result of a decrease in net transfers of $64.5 million. Fiscal year 2021 transfers primarily consisted of transfers in from the General Fund of $59.7 million, which were offset by transfers out to the General Fund and the County Improvement Debt Fund of $13.5 and $54.5 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 $91.4 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 activities as of June 30, 2021, 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, 2021, Flood Control District infrastructurerelated assets consisted of land, infrastructure (net of accumulated depreciation) and construction in progress of $241.5, $293.4, and $196.1 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 12 Management’s Discussion and Analysis (Continued) at the established condition level. During fiscal year 2021, the condition level of both systems was within the established condition level. Actual maintenance/preservation costs varied by ($4.0) million and ($0.3) 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 108 for additional information. At June 30, 2021, Transportation Department infrastructure-related assets consisted of land, infrastructure and construction in progress of $437.0, $814.5, and $117.0 million, respectively. Capital assets for governmental activities are presented below (in millions) to illustrate changes from the prior year: Land Infrastructure Buildings and improvements (net of accumulated depreciation) Machinery and equipment (net of accumulated depreciation) Construction in progress Infrastructure (net of accumulated depreciation) Totals * Governmental Activities 2021 2020 $832.8 $802.4 814.5 817.3 % Chg P/Y 3.8% (0.3) 1,471.3 1,505.4 (2.3) 108.2 479.5 102.7 396.3 5.4 21.0 293.4 $3,999.7 295.7 $3,919.8 (0.8) 2.0 Business-type activities and total columns were adjusted and removed for 2020 for beginning balance adjustments as a result of the change in presentation of the Housing Authority of Maricopa County from an enterprise fund to a discretely presented component unit. See Note 3 – Beginning Balances Restated for additional information. Capital assets, net of accumulated depreciation, increased by $79.9 million, or 2.0 percent, from the prior year. The most significant impacts on this increase in the fiscal year ended June 30, 2021, were increases in construction in progress and land of $83.2 and 30.4 million, respectively. These increases were offset by a decrease in buildings and improvements (net of accumulated depreciation) of $34.1 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 Aaa January 2020 Moody’s Investor Services Certificates of Participation Standard & Poor’s AA+ January 2020 AA+ January 2020 Fitch Ratings Moody’s Investor Services Aa1 January 2020 At June 30, 2021, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) outstanding of $2,394.0 million, which represents a $150.9 million increase from the prior year balance of $2,243.1 million. The majority of the $150.9 million increase is attributable to governmental activities and is comprised of a net increase in net pension and other postemployment benefits liability of $190.7 million and a net increase in capital leases of $26.7 million. The largest components of long-term liabilities at June 30, 2021, consisted of net pension and other postemployment benefits liability of $2,068.0 million, certificates of participation of $170.9 million, and reported claims and incurred but not reported claims of $93.2 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, 2021, the fund balance in the County Improvement Debt Fund to pay future liabilities was $23.9 million. Reported but unpaid and incurred but not reported claims applicable to governmental activities of $93.2 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is an increase of $7.0 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 $2.1 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  Arizona’s recovery from the COVID-19 pandemic has gained significant momentum in 2021 with strong job gains, housing activity, and taxable sales. Arizona jobs are on pace to regain their prepandemic peak in the fourth quarter of 2021 and the long-run outlook for the state is strong (www.azeconomy.org).  The unemployment rate in Maricopa County is 3.8 percent as of September 2021, which remains below the State of Arizona and United States unemployment rates of 4.3 percent and 4.6 percent, respectively (https://fred.stlouisfed.org).  The Arizona Office of Economic Opportunity reports that Maricopa County’s population increased by 1.6 percent from fiscal year 2019 to 2020. Maricopa County’s population increased 15.5 percent from 2011 to 2020, which is higher than the United States’ overall population increase of 5.7 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 Office of Budget and Finance 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 2022 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 2022, the adopted tax rate decreased from $1.4009 to $1.3459.  The fiscal year 2022 tax levy increased by $15.5 million from fiscal year 2021, as a result of increased assessed property valuations. Yearly assessed property valuation growth rates are anticipated to increase by approximately 4.3 percent from fiscal year 2023 through 2026.  Fiscal year 2022 annual collections of State Shared Sales Tax, Vehicle License Tax, Highway User Revenues, and County Jail Excise Tax revenues are expected to increase by 4.2, 2.3, 2.8, and 3.8 percent, respectively, from the prior year 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 Office of Budget and Finance, 301 W. Jefferson, 9th floor, 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. 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 Fiscal Recovery Fund – accounts for the Coronavirus State and Local Fiscal Recovery Funds authorized under Subtitle M Section 9901 of the American Rescue Plan Act of 2021 to mitigate the fiscal effects stemming from the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19). 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. 20 Maricopa County Statement of Net Position June 30, 2021 PRIMARY GOVERNMENT 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 Capital assets: Land Buildings and improvements Machinery and equipment Infrastructure – nondepreciable Infrastructure – depreciable Construction in progress Accumulated depreciation Total assets $ 59,053,142 2,329,696,966 $ 34,672,792 259,275,331 16,002,383 11,353,917 2,192,176 17,502,054 $ 16,619,187 12,506,118 23,706 1,076,278 99,198 313,195 102,794 7,129,849 34,327 68,071,412 18,133,053 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pensions and OPEB Total deferred outflows of resources 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 net position COMPONENT UNITS Housing Industrial Development Authority Authority 832,804,088 2,299,147,501 390,173,782 814,531,778 441,101,796 479,548,831 (1,257,534,624) 6,798,224,324 1,052,318 (47,895,868) 147,274,763 445,089,926 445,089,926 700,157 700,157 100,476,371 6,932,204 136,949,196 3,915,604 495,869,815 10,787,363 4,616,591 557,458 5,905,704 221,546 234,840 960,208 1,779 119,668,242 2,274,315,889 3,153,531,275 4,020,854 45,855,135 52,249,683 56,254,885 148,426 56,403,311 35,595 3,881,634,459 79,278,368 17,687,184 429,362,116 128,243,462 29,315,292 40,859,821 3,308,295 (497,030,965) 4,033,379,664 $ The notes to the financial statements are an integral part of this statement. 21 6,115,136 155,384,929 6,394,880 29,183,338 399,642 5,907,483 35,595 6,058,310 $ 10,352,964 95,689,642 $ 23,275,855 23,275,855 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2021 Program Revenues Charges for Services Expenses Operating Capital Grants and Contributions Grants and Contributions Functions/Programs Primary government: Governmental activities: General government $ Public safety 231,820,454 $ 80,821,088 $ 6,685,390 $ 1,689,345 1,196,705,109 138,100,069 27,300,984 2,006,426 17,210,432 Highways and streets 126,498,359 21,789,454 125,151,135 Health, welfare and sanitation 919,001,491 59,335,787 455,117,757 64,000 Culture and recreation 56,826,436 19,306,045 36,093 1,080,980 Education 24,428,055 7,846,000 24,700 20,121,788 2,563,125,904 319,377,143 634,413,147 22,051,183 18,982,965 8,500,913 Interest on long-term debt Total governmental activities Component units: Housing Authority $ 32,203,460 $ 7,854,810 Industrial Development Authority $ 5,664,165 $ 4,412,098 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, 2020, restated Net position, June 30, 2021 The notes to the financial statements are an integral part of this statement. 22 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2015 Net (Expense) Revenue and Changes in Net Position Primary Government Component Units Governmental Activities $ Housing Authority Industrial Development Authority (142,624,631) (1,029,297,630) 37,652,662 (404,483,947) (36,403,318) (4,281,567) (7,846,000) (1,587,284,431) $ 3,135,228 $ (1,252,067) 667,714,689 75,320,159 25,710,591 4,357,486 210,484,572 3,842,556 727,604,497 197,558,288 1,932,630 $ 2,571,499 307,702 25,204,630 7,265,411 48,064 6,318 1,942,301,597 7,621,177 555,994 355,017,166 3,678,362,498 4,033,379,664 10,756,405 84,933,237 95,689,642 (679,073) 23,971,928 23,275,855 $ 23 549,676 $ Maricopa County Balance Sheet Governmental Funds June 30, 2021 Coronavirus Fiscal Recovery 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 $ 45,336,050 403,273,830 20,963,745 64,248,772 151,830,269 3,414,556 5,725,099 $ $ 694,792,321 $ $ 28,740,914 35,964,153 695,323 $ $ 417,383,265 992,379 37,528,939 87,593 4,941,878 418,375,644 $ 42,558,410 $ 5,464,629 197,647 31,885,475 416,607,620 19,387 234,676 65,654,453 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 416,607,620 37,547,751 1,768,024 4,941,878 68,781 1,768,024 5,010,659 8,288,646 22,827 8,311,473 FUND BALANCES Nonspendable Restricted Committed Assigned Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances Coronavirus Relief 3,414,556 440,118,199 177,293,640 620,826,395 $ 694,792,321 $ 418,375,644 $ 42,558,410 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/OPEB liabilities and bonds payable) are not due and payable shortly after June 30, 2021, 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 Detention Operations $ 1,709,031 98,191,802 385,616 $ General Fund County Improvements County Improvement $ 23,832,917 54,463 $ 136,532,968 312,184 Other Governmental Funds $ 474,978,182 41,039,192 2,528,936 973,351 $ 144,827,928 $ $ 5,611,686 15,607,508 685,921 $ 68,070,601 91,957,981 $ 136,845,152 $ 8,001,336 $ 474,978,182 $ 1,347,239 $ 7,665,566 646,807,096 7,867,105 66,405,870 2,832,847 1,550,819 811 733,130,114 Total Governmental Funds $ $ $ 16,156,218 47,288,962 2,072,965 2,244 15,455,983 8,974,495 33,132,049 79,262,195 4,597,204 1,216,820 149,896,373 96,454,766 53,842,273 1,383,488 63,497,676 3,915,604 64,155,000 495,869,815 4,616,591 10,787,363 794,522,576 1,070,030 20,229,814 21,299,844 9,358,676 21,293,449 30,652,125 13,718,217 680,442,244 637,940,735 440,118,199 140,071,636 1,912,291,031 3,915,604 64,155,000 21,905,115 68,070,604 361,372 1,708,611 1,040,808 1,040,808 2,528,936 119,353,069 121,882,005 $ 144,827,928 $ 23,887,377 110,515,059 11,518,036 473,269,571 2,832,847 448,737,311 129,265,751 23,887,377 (18,319,992) 103,713,103 473,269,571 (18,902,012) 561,933,897 91,957,981 $ 54,710,647 2,238,528,999 30,663,085 64,248,772 259,275,331 13,718,217 8,249,269 68,071,412 2,737,465,732 136,845,152 $ 474,978,182 $ 733,130,114 3,961,217,071 30,652,125 18,133,053 26,121,474 (2,300,669,737) 385,634,647 $ 25 4,033,379,664 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds Year Ended June 30, 2021 General Coronavirus Fiscal Recovery 655,366,555 $ Coronavirus Relief Detention Operations REVENUES Taxes $ Licenses and permits 1,708,256 Intergovernmental 941,713,564 Charges for services 83,116,234 Fines and forfeits 9,632,464 $ 19,011,924 $ 302,710,928 210,484,572 5,600 13,986,602 Special assessments Interest income Miscellaneous Total revenues 2,180,428 19,867,769 1,768,024 (3,689,042) 597,998 259,018 1,713,585,270 20,779,948 299,021,886 225,333,790 EXPENDITURES Current: General government 183,095,077 Public safety 605,303,887 Highways and streets 325,753,938 100,678 Health, welfare and sanitation 327,441,236 Culture and recreation 19,011,924 301,063,831 63,837,182 3,390,244 3,754,068 1,140,744,911 19,011,924 304,454,075 393,345,188 572,840,359 1,768,024 (5,432,189) (168,011,398) 861,313 Education 2,574,182 Debt service: Principal Interest 21,368,538 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 27,104,299 197,682,449 Transfers out (299,741,514) (3,728,374) Capital lease agreements 17,226,665 (255,410,550) 839,376 194,793,451 Total other financing sources (uses) Net change in fund balances 317,429,809 Fund balances, July 1, 2020 303,568,468 1,768,024 (5,432,189) 26,782,053 7,055,871 94,102,401 Changes in nonspendable resources: Increase (decrease) in inventories Fund balances, June 30, 2021 $ (171,882) 620,826,395 $ The notes to the financial statements are an integral part of this statement. 26 1,768,024 $ 3,386,977 5,010,659 $ 997,551 121,882,005 County Improvement Debt $ $ County Improvement $ General Fund Other Total County Improvements Governmental Funds Governmental Funds $ $ 104,411,495 $ 970,262,622 53,851,925 55,560,181 329,188,728 1,592,630,744 106,670,398 203,773,234 7,712,898 17,345,362 4,357,486 4,357,486 54,707 (409,354) 165,437 7,293,062 668,198 27,419,849 54,707 (409,354) 613,651,429 2,872,017,676 8,788,203 191,883,280 121,718,429 1,052,776,254 82,283,252 82,383,930 195,411,363 906,765,536 45,446,372 46,307,685 21,395,670 23,969,852 64,155,000 386,059 64,541,059 7,831,203 7,846,000 229,712,036 77,387,777 9,426,595 14,797 114,384,814 71,986,203 77,387,777 9,426,595 589,828,959 2,606,185,632 (71,931,496) (77,797,131) (9,426,595) 23,822,470 265,832,044 92,758,839 3,984,198 77,258,067 110,143,215 508,931,067 (2,783,502) (1,672,145) (72,387,804) (128,617,728) (508,931,067) 89,975,337 2,312,053 4,870,263 9,017,470 (9,457,043) 27,083,511 27,083,511 18,043,841 (75,485,078) (4,556,332) 14,365,427 292,915,555 5,843,536 179,198,181 477,825,903 547,215,188 1,614,809,548 23,887,377 $ 103,713,103 $ 473,269,571 27 $ 353,282 561,933,897 $ 4,565,928 1,912,291,031 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, 2021 Net change in fund balances – total governmental funds (page 27) $ 292,915,555 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. 92,240,997 The net effect of various miscellaneous transactions involving capital assets is a decrease to net position. (5,752,863) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 12,913,324 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. 42,176,311 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. 4,816,740 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 revenue of external activities of these funds is reported with governmental activities. 12,526,814 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 (96,819,712) $ 355,017,166 29 Maricopa County Statement of Net Position Proprietary Funds June 30, 2021 Governmental Activities – Internal Service Funds ASSETS Current assets: Cash in bank and on hand Cash and investments held by County Treasurer Receivables: Accounts Accrued interest Inventories $ 4,342,495 91,167,967 3,832,977 176,730 2,284,166 5,296,824 107,101,159 Prepaids Total current assets Noncurrent assets: Capital assets: Buildings and improvements Machinery and equipment Accumulated depreciation Total noncurrent assets 16,280,574 42,458,924 (20,183,417) 38,556,081 Total assets 145,657,240 DEFERRED OUTFLOWS OF RESOURCES 3,279,213 3,279,213 Deferred outflows related to pensions Total deferred outflows of resources LIABILITIES Current liabilities: Accounts payable Employee compensation payable Accrued liabilities Due to other funds Liability for reported but unpaid and incurred but not reported claims (current portion) Total current liabilities 4,021,605 2,012,227 5,548,716 751,096 34,614,378 46,948,022 Noncurrent liabilities: Liability for reported but unpaid and incurred but not reported claims 58,542,497 17,097,215 75,639,712 Net pension liability Total noncurrent liabilities 122,587,734 Total liabilities DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pensions 227,245 227,245 Total deferred inflows of resources NET POSITION Net investment in capital assets Unrestricted 38,556,081 (12,434,607) $ Total net position The notes to the financial statements are an integral part of this statement. 30 26,121,474 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds Year Ended June 30, 2021 Governmental Activities – Internal Service Funds OPERATING REVENUES Charges for services $ Miscellaneous 264,259,149 641,919 264,901,068 Total operating revenues OPERATING EXPENSES Personal services 15,641,973 Supplies 10,338,676 Other services 27,698,180 Legal 1,631,708 Insurance and claims 174,376,317 Leases and rentals 172,338 Repairs and maintenance 1,675,205 Travel and transportation 24,620 Utilities 14,267,202 6,684,171 Depreciation Total operating expenses 252,510,390 Operating income (loss) 12,390,678 NONOPERATING REVENUES (EXPENSES) Investment income 73,788 62,348 136,136 Gain on sale of assets Total nonoperating revenues (expenses) Income (loss) before contributions and transfers 12,526,814 17,095,865 Capital contributions Change in net position 29,622,679 Total net deficit, July 1, 2020 (3,501,205) Total net position, June 30, 2021 $ The notes to the financial statements are an integral part of this statement. 31 26,121,474 Maricopa County Statement of Cash Flows Proprietary Funds Year Ended June 30, 2021 Governmental Activities Internal Service Funds CASH FLOWS FROM OPERATING ACTIVITIES Receipts from other funds Receipts from customers Other receipts Payments for goods and services $ 238,773,515 24,299,450 641,919 (223,235,633) (17,684,626) Payments for personal services and benefits 22,794,625 Net cash provided by (used for) operating activities CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Loan received from General Fund 85,031 Net cash provided by (used for) noncapital financing activities 85,031 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Proceeds from sale of assets (118,575) 64,415 (54,160) Net cash used for capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends 110,362 110,362 Net cash provided by investing activities Net increase in cash and cash equivalents Cash and cash equivalents, July 1, 2020 Cash and cash equivalents, June 30, 2021 RECONCILIATION OF OPERATING INCOME TO NET CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES Operating income Adjustments to reconcile operating income to net cash provided by (used for) operating activities: Depreciation expense Liability for reported but unpaid 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 but unpaid and incurred but not reported claims - current Deferred inflows of resources related to pensions $ 22,935,858 72,574,604 95,510,462 $ 12,390,678 6,684,171 3,217,816 $ 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 from governmental funds Accumulated depreciation on capital assets transferred from governmental funds Capital contributions on capital assets transferred from governmental 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 $ (1,186,184) (273,330) (1,544,149) (1,048,019) 490,255 49,279 (118,267) 1,317,492 3,740,529 (925,646) 22,794,625 (336,851) 334,784 2,067 2,749,203 (791,632) (1,957,571) 15,138,294 (15,138,294) 33 Maricopa County Statement of Fiduciary Net Position Fiduciary Funds June 30, 2021 Custodial External Private-Purpose Trust Fund Investment Pool Other Assets Cash and investments in bank and on hand Cash and investments held by County Treasurer $ 8,780,272 $ $ 38,564,639 3,770,167,679 931,263,143 8,612,152 $ 3,778,779,831 $ 244,133,618 42,615 1,214,004,015 $ $ 44,975,864 Property tax receivable for other governments Interest receivable Total assets $ 8,780,272 Liabilities Property tax payable to other governments $ 44,975,864 Total liabilities Net Position Restricted for: Pool participants 3,778,779,831 Individuals, organizations, and other governments Total net position 8,780,272 8,780,272 $ The notes to the financial statements are an integral part of this statement. 34 $ 3,778,779,831 $ 1,169,028,151 1,169,028,151 Maricopa County Statement of Changes in Fiduciary Net Position Fiduciary Funds Year Ended June 30, 2021 Custodial External Private-Purpose Investment Trust Fund Pool Other Additions: Contributions from pool participants $ $ 8,312,640,102 $ Contributions from other governments 1,067,728,951 Property tax collections for other governments Fines, fees, and forfeitures collected for other governments 4,976,422,413 140,975,370 Investment earnings: Interest income Net increase (decrease) in fair value of investments Net investment income 27,322,131 (32,911,743) (1,524,974) 665,326 (5,589,612) (859,648) 8,307,050,490 6,194,526,573 10,259,487 20,516,393 Other 20,516,393 Total additions Deductions: Distributions to pool participants 8,202,438,370 Distributions to other governments 907,152,010 Property tax distributions to other governments 4,993,071,487 Fines, fees, and forfeitures distributed to other governments 114,223,223 7,550,420 19,800,394 Other Total deductions 19,800,394 8,202,438,370 6,021,997,140 715,999 104,612,120 172,529,433 8,064,273 3,674,167,711 996,498,718 8,780,272 $ 3,778,779,831 Change in net position Net position, July 1, 2020, as restated Net position, June 30, 2021 $ The notes to the financial statements are an integral part of this statement. 35 $ 1,169,028,151 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 BEGINNING BALANCE RESTATEMENT NOTE 4 FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS 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 DISCLOSURES FOR DISCRETELY PRESENTED COMPONENT UNITS 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). For the year ended June 30, 2021, the County implemented the provisions of GASB Statement No. 84, Fiduciary Activities, which establishes criteria for identifying fiduciary activities for accounting and financial reporting purposes. As a result, the County’s fiduciary fund financial statements have been modified to reflect the implementation of this new guidance, including reclassifying activities previously reported in agency funds to custodial or governmental funds, as applicable. 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. The discretely presented component units are 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 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 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. The Housing Authority’s Board of Commissioners are appointed by the County Board of Supervisors and can be removed at any time which allows the County to impose its will on the Housing Authority. As the governing bodies of the County and Housing Authority are not substantively the same, the Housing Authority is reported as a discretely presented component unit. The Housing Authority issues separate financial statements, which include six 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, L.L.C., Coffelt Tenant, 41 Notes to the Financial Statements (Continued) L.L.C., and Heritage at Surprise, L.L.C. These component units have a December 31 year end and are combined and reported with the Housing Authority 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 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 County has no business-type activities. The statement of activities presents a comparison between direct expenses and program revenues for each function of the County’s governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. The County 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 42 Notes to the Financial Statements (Continued) expenses include the cost of services, administrative expenses, and depreciation on capital assets. Other expenses, such as interest expense, are considered nonoperating expenses. The County reports the following major governmental funds: The General Fund – is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The Coronavirus Fiscal Recovery Fund – accounts for the Coronavirus State and Local Fiscal Recovery Funds authorized under Subtitle M Section 9901 of the American Rescue Plan Act of 2021 to mitigate the fiscal effects stemming from the public health emergency with respect to the Coronavirus Disease (COVID-19). 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 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 fiduciary funds - consists of private-purpose trust funds, which account for assets the County’s Public Fiduciary holds in trust for the benefit of various parties; and custodial funds, which account for other fiduciary activities, including the pooled and non-pooled assets the County Treasurer holds and invests on behalf of other governmental entities that are not held in trust and the County Treasurer’s receipt and distribution of taxes for other governmental entities. 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. 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. 44 Notes to the Financial Statements (Continued) F. Property Tax Calendar The County levies real property taxes and commercial personal property taxes on or before the third Monday in August that become due and payable in two equal installments. The first installment is due on the first day of October and becomes delinquent after the first business day of November. The second installment is due on the first day of March of the next year and becomes delinquent after the first business day of May. During the year, the County also levies mobile home personal property taxes that are due the second Monday of the month following receipt of the tax notice and become delinquent 30 days later. A lien assessed against real and personal property attaches on the first day of January preceding assessment and levy. G. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the government-wide statements and the proprietary funds. Capital assets are defined as assets with an initial, individual cost of more than $5,000. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at 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 depreciable 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 45 Notes to the Financial Statements (Continued) contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. 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, such as a majority vote or resolution during a Board meeting. 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 46 Notes to the Financial Statements (Continued) Post-Employment Health Plan (PEHP) established pursuant to Internal Revenue Code §501(c)(9). The obligations vested at June 30, 2021, under this policy are accrued as a liability. Compensated absences are substantially paid within one year from fiscal year-end and, therefore, are reported as a current liability on the government-wide financial statements. A liability for these amounts is reported in the governmental funds’ financial statements only if they have matured, for example, as a result of employee resignations and retirements by fiscal year-end. 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 $436 thousand in credit card rebates during calendar year 2020. NOTE 2 – REPORTING CHANGES Beginning in fiscal year 2021, the County established the following funds: Coronavirus Fiscal Recovery Fund (special revenue fund), a major governmental fund, and Justice Reinvestment Fund (nonmajor special revenue fund). As the Maricopa County Board of Supervisors no longer serves as the Housing Authority's Board of Commissioners, the Housing Authority no longer meets the criteria for blending and will be presented as a discretely presented component unit. In prior years, the Housing Authority was presented as a blended component unit of the County. See Note 3 – Beginning Balances Restated for more information. NOTE 3 – BEGINNING BALANCES RESTATED On July 1, 2020, the County restated beginning net position as follows for the implementation of GASB Statement No. 84, Fiduciary Activities. Custodial Net position reported as of June 30, 2020 Prior period adjustment – implementation of GASB 84: Reclassification of investment pools Reclassification of agency fund activities Net position as restated, July 1, 2020 Investment Trust Funds Private-Purpose Trust Fund $ $ 4,260,397,746 External Investment Pool $ 0 $ $ (4,260,397,746) Other 3,674,167,711 8,064,273 8,064,273 $ $ 3,674,167,711 $ 581,527,663 414,971,055 996,498,718 On July 1, 2020, the County restated beginning net position of business-type activities to account for the Housing Authority of Maricopa County as a discretely presented component unit. Prior to fiscal year 2021, the Housing Authority was considered a blended component unit. As the Maricopa County Board of Supervisors no longer serves as the Housing Authority’s Board of Commissioners, the Housing Authority no longer meets the criteria for blending. Business-type Activities Net position reported as of June 30, 2020 Less: Housing Authority of Maricopa County $ Net position as restated, July 1, 2020 $ 47 84,933,237 (84,933,237) 0 Notes to the Financial Statements (Continued) NOTE 4 – FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS The fund balance classifications of the governmental funds as of June 30, 2021, were as follows: Coronavirus Fiscal Recovery General Fund Fund balances: Nonspendable: Inventory Total nonspendable $ 3,414,556 3,414,556 $ Restricted for: Capital Projects Debt service Education Flood control Health and welfare Judicial activities Law enforcement Library District Other purposes Parks and recreation Social services Stadium District Transportation Waste management Total restricted Coronavirus Relief Fund $ 1,768,024 4,941,878 4,941,878 County Improvement Debt Fund Detention Operations Fund $ 2,528,936 2,528,936 $ 68,781 119,353,069 1,768,024 68,781 119,353,069 Committed to: Capital projects Debt service Health and welfare Other purposes Total committed 23,887,377 23,887,377 Assigned to: General government Total assigned 440,118,199 440,118,199 Unassigned 177,293,640 Total fund balances $ 620,826,395 $ 48 1,768,024 $ 5,010,659 $ 121,882,005 $ 23,887,377 Notes to the Financial Statements (Continued) General Fund County Improvements Fund County Improvement Fund Fund balances: Nonspendable: Inventory Total nonspendable $ Restricted for: Capital Projects Debt service Education Flood control Health and welfare Judicial activities Law enforcement Library District Other purposes Parks and recreation Social services Stadium District Transportation Waste management Total restricted $ Other Governmental Funds $ 2,832,847 2,832,847 Total $ 108,364,896 108,364,896 3,308,295 121,388,767 18,111,282 36,557,624 88,389,668 27,737,525 9,725,704 6,085,269 185,838 6,736,979 127,356,312 3,154,048 448,737,311 3,308,295 121,388,767 19,948,087 36,557,624 209,892,900 27,737,525 9,725,704 6,085,269 185,838 6,736,979 127,356,312 3,154,048 680,442,244 473,269,571 82,855,803 473,269,571 16,088,015 30,321,933 129,265,751 567,643,410 23,887,377 16,088,015 30,321,933 637,940,735 2,150,163 110,515,059 Committed to: Capital projects Debt service Health and welfare Other purposes Total committed 11,518,036 11,518,036 Assigned to: General government Total assigned 440,118,199 440,118,199 (18,902,012) (18,319,992) Unassigned Total fund balances 13,718,217 13,718,217 $ 103,713,103 $ 49 473,269,571 $ 561,933,897 140,071,636 $ 1,912,291,031 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 $ 1,912,291,031 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, 2021 832,804,088 2,282,866,927 347,714,858 1,255,633,574 479,548,831 (1,237,351,207) 3,961,217,071 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, 2021 Unavailable revenue for grant revenues receivable at June 30, 2021 Unavailable revenue for other revenues receivable at June 30, 2021 9,358,676 20,229,814 1,063,635 30,652,125 OPEB assets are not available for County operations and therefore, are not reported in the funds. 18,133,053 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. 26,121,474 Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2021, and therefore, are not reported in the funds. Certificates of participation payable at June 30, 2021 COP premium unamortized at June 30, 2021 Capital Leases payable at June 30, 2021 Governmental funds compensated absences payable at June 30, 2021 Liability for closure and postclosure costs at June 30, 2021 Net pension and OPEB liability at June 30, 2021 (106,715,000) (7,886,137) (47,481,302) (81,094,696) (6,578,769) (2,050,913,833) (2,300,669,737) 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, 2021 Deferred inflows of resources related to pensions and OPEB at June 30, 2021 Deferred charges on debt refunding at June 30, 2021 441,810,713 (56,027,640) (148,426) 385,634,647 $ Net position of governmental activities 50 4,033,379,664 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 $ 292,915,555 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, 2021 Add: Internal service funds depreciation expense for the year ended June 30, 2021 191,290,353 (105,733,527) 6,684,171 92,240,997 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, 2021 Adjustment for net value of assets acquired in prior years 7,486,256 (16,654,391) 3,415,272 (5,752,863) 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, 2021 Collections of property taxes plus current-year revenues exceeding amount reported as earned during the year ended June 30, 2021 Unavailable revenue earned but not yet received during the year ended June 30, 2021 9,510,898 (2,060,965) 5,463,391 12,913,324 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. Principal payments on certificates of participation Proceeds from capital leases Principal payments on capital leases Amortization of COPs premium Amortization of deferred charges on debt refunding 64,155,000 (27,083,511) 386,059 4,669,287 49,476 42,176,311 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 (3,292,170) 4,565,928 3,542,982 4,816,740 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 revenue of external activities of these funds is reported with governmental activities. 12,526,814 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 51 166,469,629 (263,289,341) (96,819,712) 355,017,166 Notes to the Financial Statements (Continued) NOTE 6 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2021, the following nonmajor governmental and proprietary funds reported deficits in fund balance or net position. FUND Governmental Funds: Accommodation Schools Adult Probation Grants Air Quality Grants CDBG Housing Trust Clerk of the Court Grants County Attorney Grants Emergency Management Flood Control Grants Human Services Grants Public Defender Grants Public Health Grants School Grants Sheriff Grants Superior Court Grants Transportation Grants DEFICIT Proprietary Funds: Equipment Services Risk Management $ 154,570 44,091 36,127 285,836 68,355 94,222 443,520 9,103 6,249,084 3,728 6,867,820 2,760,451 507,532 72,934 712,675 $ 3,305,027 69,613,736 The deficits in fund balances for Adult Probation Grants, Air Quality Grants, CDBG Housing Trust, Clerk of the Court Grants, County Attorney Grants, Emergency Management, Flood Control Grants, Human Services 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, 2021, Equipment Services had deficit net position of $3,305,027. 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, 2021, the total net position deficit was $69,613,736. This is primarily due to the Risk Management Fund not being funded for noncurrent accrued claim liabilities. The fund balance deficit for Accommodation Schools resulted from operations during the year and is expected to be corrected during normal operations in fiscal year 2022. For the year ended June 30, 2021, expenditures exceeded final budget amount at the department level as follows: Fund/Department Coronavirus Relief Fund: Sheriff Excess $19,162,555 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). The County established each department’s estimated budget based on the guidelines established by the U.S. Department of Treasury. As additional allowable expenditures are incurred by the departments over what was originally budgeted, the departmental budgets are adjusted in the following month. For Sheriff, the excesses were primarily the result of public safety salaries that were allocated out of the General and Detention funds to the Coronavirus Relief Fund. Due to the timing of the expenditures, the departmental budget could not be adjusted before year-end. 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, 2021, the carrying amount of the County’s deposits was $1,444,063,776 and the bank balance was $1,440,466,877. 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 $5,761,376,496 at June 30, 2021. 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 Quoted prices in active markets for identical assets (Level 1) Significant other observable inputs (Level 2) 251,776,368 $ $ 251,776,368 U.S. agency securities 1,914,051,916 1,914,051,916 Corporate bonds 2,706,546,770 2,522,836,170 Short term bills and notes 224,963,250 224,963,250 School/fire district bonds 78,411,234 Total investments by fair value level $ 183,710,600 78,411,234 5,175,749,538 Investments measured at the net asset value (NAV) Money market mutual funds Money market mutual funds with trustee Total investments measured at the NAV Significant unobservable inputs (Level 3) $ 4,913,627,704 $ 262,121,834 500,000,000 68,070,601 568,070,601 Investments measured at amortized cost School/fire district bonds 16,467,000 Other investments Total investments measured at amortized cost 1,089,357 Total investments 17,556,357 $ 5,761,376,496 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 and fire district bonds with maturities beyond 90 days categorized as level 3 are valued using information from similar investments. Privately placed school and fire district bonds with a maximum maturity of 90 days are measured at amortized cost. The $1,089,357 of other investments consists of Public Fiduciary investments and registered warrants purchased by the County Treasurer, totaling $466,594 and $622,763, respectively. The Public Fiduciary investments may consist of equities, mutual funds, U.S. Treasury securities, and other types of investments as directed by court order. The warrants purchased by the County Treasurer are for school district warrants that exceeded their account balances, tax anticipation notes, and credit lines, as applicable. As these investment amounts are immaterial, no deposit or investment risk disclosures (credit risk, custodial credit risk, concentration of credit risk, and interest rate risk) 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, 2021, 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 Rating Rating Agency Aaa AA+ Unrated Aaa Aa1 Aa2 Aa3 Moody’s S&P Not Applicable Moody’s Moody’s Moody’s Moody’s 54 Amount $ 679,843,866 1,120,145,592 114,062,458 26,437,988 66,630,191 29,456,812 155,167,774 Notes to the Financial Statements (Continued) Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Short term bills and notes School/fire district bonds School/fire district bonds School/fire district bonds School/fire district bonds School/fire district bonds School/fire district bonds Money market mutual funds Money market mutual funds with trustee AAA1 A+ A2 A A3 ABBB+ Baa2 P-1 Aa2 Aa3 A1 Baa1 Baa2 Unrated Aaa-mf Aaa-mf S&P Moody’s S&P Moody’s S&P Moody’s S&P S&P Moody’s Moody’s Moody’s Moody’s Moody’s Moody’s Moody’s Not Applicable Moody’s Moody’s $ 107,132,372 509,724,771 218,937,778 254,856,667 23,735,592 91,029,735 686,655,597 502,826,547 33,954,945 224,963,250 31,452,202 34,211,075 6,872,597 4,465,000 1,385,000 16,492,360 500,000,000 68,070,601 5,508,510,770 The $16,492,360 of unrated school and fire district bonds are issued by various 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. A.R.S. authorizes the County to enter into an agreement with the trust department of any bank authorized to do business in the state for safekeeping and handling of securities. The safekeeping and handling of investments are conducted through a bank trust department authorized to do business in this state. Securities received by the custodian are held in the County's name in book-entry form and the securities custodian is not the counterparty. At June 30, 2021, 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, 2021, were in Federal Farm Credit Banks Funding Corporation (FFCB), Federal Home Loan Banks (FHLB), Federal Home Loan Mortgage Corporation (Freddie Mac), U.S. Treasury, Federal National Mortgage Association (Fannie Mae), and Toyota Motor Company. These investments were 8.8 percent, 8.4 percent, 7.4 percent, 7.4 percent, 6.5 percent, and 5.3 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, 2021, 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 and fire district bonds Money market mutual funds Money market mutual funds with trustee Amount $ 251,776,368 1,914,051,916 2,706,546,770 224,963,250 94,878,234 500,000,000 68,070,601 $5,760,287,139 Investment Maturities Less than 1–5 1 Year Years $ 150,672,852 $ 101,103,516 305,511,277 1,608,540,639 296,406,603 2,410,140,167 224,963,250 16,467,000 78,411,234 500,000,000 68,070,601 $1,562,091,583 $4,198,195,556 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 $ $ Governmental Private-Purpose Activities Trust-Funds 156,981 1,444,063,776 5,761,376,496 7,205,597,253 Custodial Funds External Investment Pool Other Total Statement of Net Position: Cash in bank and on hand $ 59,053,142 $ $ Cash and investments in bank and on hand Cash and investments held by County Treasurer Cash and investments held by trustee Total $ 8,780,272 2,329,696,966 3,770,167,679 $ 47,344,911 931,263,143 7,031,127,788 68,071,412 $ 2,456,821,520 59,053,142 38,564,639 68,071,412 $ 8,780,272 $ 3,770,167,679 $ 969,827,782 $ 7,205,597,253 NOTE 8– CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL Arizona Revised Statutes require community colleges, school districts, and other local governments to deposit certain public monies with the County Treasurer. The Treasurer has a fiduciary responsibility to administer those and the County’s monies under his stewardship. The Treasurer invests, on a pool basis, all idle monies not specifically invested for a fund or program. In addition, the Treasurer determines the fair value of those pooled investments monthly and at June 30. The County Treasurer’s investment pool is not registered with the Securities and Exchange Commission as an investment company and there is no regulatory oversight of its operations. The pool’s structure does not provide for shares, and the County has not provided or obtained any legally binding guarantees to support the value of the participants’ investments. The Treasurer allocates interest earnings to each of the pool’s participants. However, for the County’s monies in the pool, the Board of Supervisors authorized $6,121,807 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 $156,981 of cash on hand, $68,070,601 of mutual funds with trustee, $740,907,623 of cash and investments held by the County Treasurer in an individual investment account, and $106,241,073 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 Corporate bonds Government agencies Government bonds Money market mutual funds School/fire district bonds Registered Warrants Short term bills and notes Principal 2,676,864,000 1,917,950,000 250,000,000 500,000,000 94,362,000 622,763 225,000,000 Interest Rates 0.32 – 3.92% 0.04 – 2.75% 0.13 – 2.13% 0.01 – 0.03% 0.59 – 6.14% various 0% 56 Maturities 7/21 – 12/25 7/21 – 11/25 12/21 – 6/23 n/a 7/21 – 7/25 various 8/21 – 12/21 Fair Market Value 2,706,546,770 1,914,051,916 251,776,368 500,000,000 94,878,234 622,763 224,963,250 Notes to the Financial Statements (Continued) A condensed statement of the investment pool’s net position and changes in net position follows. Statement of fiduciary net position Assets $ 6,304,593,116 Liabilities Net position $ 6,304,593,116 Net position held for: Internal participants $ 2,494,157,468 External participants 3,810,435,648 Total net position $ 6,304,593,116 Statement of changes in fiduciary net position Total additions $15,597,823,017 Total deductions 14,985,640,268 Net increase $ 612,182,749 Net position: July 1, 2020 5,692,410,367 June 30, 2021 $ 6,304,593,116 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 Receivables: Accounts Receivable Taxes Accrued interest Total receivables $ General Fund Coronavirus Fiscal Recovery 6,899,866 $ Coronavirus Relief Fund $ 11,314,622 2,749,257 992,379 $ 20,963,745 $ 992,379 43,019 Detention Operations Fund $ 44,574 $ 87,593 County Improvement Debt Fund County Improvement Fund Other Governmental Funds Total $ $ $ 5,341,018 $ 12,283,903 312,184 1,554,646 971,441 12,869,268 5,509,914 312,184 $ 7,867,105 $ 30,663,085 385,616 $ 385,616 54,463 $ 54,463 $ NOTE 10 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2021, 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 $ 135,193,292 16,536,210 $ Other Governmental Funds $ Total $ 1,247,040 21,467,720 39,117,303 2,188,504 41,502,606 $ 100,767 151,830,269 57 $ 1,921,889 41,039,192 $ 66,405,870 $ 135,193,292 17,783,250 21,467,720 39,117,303 2,188,504 41,502,606 2,022,656 259,275,331 Notes to the Financial Statements (Continued) NOTE 11 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2021 was as follows: Balance July 1, 2020 Increase Balance June 30, 2021 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 Total Less accumulated depreciation for: Buildings and improvements Machinery and equipment Infrastructure 802,426,717 396,345,911 817,255,967 2,016,028,595 $ Governmental activities capital assets, net $ 650,385 40,505,424 10,326,658 51,482,467 $ 904,306 832,804,088 479,548,831 814,531,778 2,126,884,697 30,232,817 42,153,202 3,905,775 24,599,773 2,299,147,501 390,173,782 441,101,796 3,079,635,364 76,291,794 25,504,079 3,130,423,079 764,412,253 269,865,439 141,533,584 64,264,582 35,274,680 6,194,265 105,733,527 904,306 23,105,873 827,772,529 282,034,246 147,727,849 24,010,179 1,257,534,624 (29,441,733) 1,903,824,088 Total capital assets being depreciated, net $ 2,269,818,990 372,620,353 437,196,021 1,175,811,276 Total 31,027,756 123,708,344 7,602,469 162,338,569 3,919,852,683 $ 1,493,900 132,896,836 $ 52,976,367 1,872,888,455 $ 3,999,773,152 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, 2021. Depreciation expense was charged to functions as follows: Governmental activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Internal service funds Total governmental activities depreciation expense $ $ 37,894,171 40,714,195 5,433,974 4,802,176 10,068,879 135,961 6,684,171 105,733,527 NOTE 12 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2021, 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, 2021, Maricopa County Transportation Department had contractual commitments, including retention payable, of $68,452,875 for construction of various roadway projects. At June 30, 2021, the County had spent $439,852,171 on these projects and had related estimated cost of completion based on the project budgets of $546,957,000, of which not all projects may be completed. Funding for these expenditures will be provided from Highway User Fuel Tax, the primary source of revenue for the 58 Notes to the Financial Statements (Continued) Transportation Department. These projects are accounted for in the Transportation Capital Projects Fund (nonmajor governmental fund). Flood Control Construction Projects At June 30, 2021, Maricopa County Flood Control District had contractual commitments, including retention payable, of $30,392,867 for the construction of various flood control projects. At June 30, 2021, the County had spent $196,140,751 on these projects and had related estimated cost of completion based on the project budgets of $797,236,000, of which not all projects may be completed. Funding for these expenditures will be provided from the Flood Control District’s tax levy of property within Maricopa County, the primary source of revenue for the Flood Control District. These projects are accounted for in the Flood Control Capital Projects Fund (nonmajor governmental fund). Technology Improvement Projects At June 30, 2021, Maricopa County had contractual commitments of $37,068,551, 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, 2021, the County had spent $198,629,747 on these projects and had related estimated cost of completion based on the project budgets of $28,045,370, of which not all projects may be completed. Construction of Various County Facilities At June 30, 2021, Maricopa County had contractual commitments of $39,482,938, 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 funds), which are anticipated to be partially financed by long-term debt and through transfers from the General Fund and Detention Operations Fund, respectively. At June 30, 2021, the County had spent $357,291,895 on these projects and had related estimated cost of completion based on the project budgets of $144,512,043, 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, 2021. Balance July 1, 2020 Governmental activities: Certificates of participation (COP) and other payables: COP, direct placement COP Capital Leases Plus: COP premium Total COP, and other payables Other liabilities: Reported but unpaid and incurred but not reported claims Liability for closure and postclosure costs Net pension and other postemployment benefits liability Total other liabilities Governmental activities long-term liabilities $ 25,850,000 210,275,000 20,783,850 256,908,850 12,555,424 Additions $ $ 27,083,511 27,083,511 Balance June 30, 2021 Reductions 6,335,000 58,920,000 386,059 65,641,059 4,669,287 $ 19,515,000 151,355,000 47,481,302 218,351,302 7,886,137 Due Within One Year $ 6,420,000 57,735,000 20,397,791 84,552,791 269,464,274 27,083,511 70,310,346 226,237,439 84,552,791 86,198,530 168,176,555 161,218,210 93,156,875 34,614,378 10,121,751 596,532 4,139,514 6,578,769 501,073 1,877,262,004 223,076,900 32,327,856 2,068,011,048 1,973,582,285 391,849,987 197,685,580 2,167,746,692 35,115,451 $ 2,243,046,559 $ 418,933,498 $ 267,995,926 $ 2,393,984,131 $ 119,668,242 59 Notes to the Financial Statements (Continued) 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 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 $19,515,000 and $151,355,000, 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. See Note 15 for more information. The following certificates of participation were outstanding at June 30, 2021: INTEREST RATES MATURITY DATES OUTSTANDING AT JUNE 30, 2021 44,460,000 1.35% 7-1-21/23 $ COP, Series 2018A 106,295,000 4.0 – 5.0% 7-1-21/24 COP, Series 2020 133,440,000 4.0 – 5.0% 7-1-21/22 DESCRIPTION AMOUNT OF ISSUE COP, Series 2016 direct placement $ $ Total 19,515,000 62,930,000 88,425,000 284,195,000 $ 170,870,000 Annual debt service requirements to maturity for certificates of participation are as follows: Governmental Activities COP, Series 2016 – Direct Placement Year Ending June 30 2022 2023 2024 2025 Total COP, Series 2018A Principal $ 6,420,000 6,505,000 6,590,000 Interest $ 220,118 132,874 44,482 Principal $ 14,600,000 15,330,000 16,100,000 16,900,000 Interest $ 2,781,500 2,033,250 1,247,500 422,500 $ 19,515,000 $ 397,474 $ 62,930,000 $ 6,484,750 60 COP, Series 2020 $ Principal 43,135,000 45,290,000 Interest $ 3,342,875 1,132,250 $ 88,425,000 $4,475,125 Notes to the Financial Statements (Continued) 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 $ 23,472,286 1,875,043 Total Capital Assets 25,347,329 Less: Accumulated Depreciation (3,738,373) Net Value of Leased Capital Assets $ 21,608,956 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, 2021. Governmental Activities Year Ending June 30 2022 $ 2023 20,770,136 27,215,544 Total minimum lease payments 47,985,680 Less: amount representing interest (504,378) Present value of net minimum lease payments $ 47,481,302 The present value of net minimum lease payments at June 30, 2021, of $47,481,302 exceeds the net value of leased assets of $21,608,956 because a portion of the assets acquired through capital leases are for computer related equipment that is below the County’s capitalization threshold. Funding Source for Governmental Activities Liabilities Governmental 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 but unpaid 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, 2021, the allowable six and fifteen percent limits were $2,742,298,189 and $6,855,745,472, respectively. The County had no outstanding general obligation debt at June 30, 2021 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, 2021, the County had no arbitrage liability. 61 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, 2021, 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 $6,578,769. 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 2021. 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, 2020, 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, 2021. Outstanding principal and interest are due on June 30 of each year. During fiscal year 2021, the County had not borrowed against the line of credit. The municipal revolving line of credit was renewed to June 30, 2022. On July 1, 2020, the County maintained a $14,552,488 irrevocable standby letter of credit issued to the Industrial Commission of Arizona for unfunded workers’ compensation claims. On January 1, 2021, the letter of credit was increased to $18,087,434. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2021, the letter of credit had not been drawn upon. The irrevocable standby letter of credit was renewed to June 30, 2022. However, an amendment will be issued on January 1, 2022, 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 $10,504,258 for the year ended June 30, 2021. These operating leases have remaining lease terms from one to ten 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, 2021, are as follows: Year Ending June 30 2022 2023 2024 2025 2026 2027-2031 Total minimum payments required 62 Governmental Activities $ 8,160,759 6,885,880 4,700,218 2,802,042 1,288,864 1,246,189 $ 25,083,952 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, 2021, for each insurable area follow: Auto liability General liability Workers’ compensation Medical malpractice Employment practices Auto physical damage Property Professional liability Environmental property damage Environmental liability Unallocated Total $ 1,208,000 16,938,000 23,572,000 4,361,000 319,000 277,000 356,000 291,000 1,887,364 21,552,133 5,686,000 76,447,497 $ Changes in the unpaid claims liability reported in the Risk Management Trust Fund follow: Year 2018-19 2019-20 2020-21 $ Balance July 1 76,995,586 64,940,972 70,364,681 Current-Year Claims And Changes In Estimates $ 7,155,306 20,685,617 17,910,067 Claims Payments $ (19,209,920) (15,261,908) (11,827,251) Balance June 30 $ 64,940,972 70,364,681 76,447,497 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, 2021, for each insurable area follow: Medical Dental Short-term disability Behavioral health Vison Pharmacy Total $ $ 15,281,061 573,265 354,121 385,399 81,009 34,523 16,709,378 Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2018-19 2019-20 2020-21 Balance July 1 $ 12,437,152 14,439,413 15,833,849 Current-Year Claims And Changes In Estimates $ 152,951,923 160,130,988 150,266,488 63 $ Claims Payments (150,949,662) (158,736,552) (149,390,959) $ Balance June 30 14,439,413 15,833,849 16,709,378 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, 2021, the County reported $23,439,497 of reported but unpaid claims, which is composed of the following pollution remediation obligations. Cave Creek Landfill – The County entered into a Consent Decree with Arizona Department of Environmental Quality (ADEQ) to remediate contaminated groundwater at County owned (closed) Cave Creek Landfill. A revised 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. Hassayampa Site - County owned property adjacent to a (closed) 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 Federal 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 plans described below. The plans are component units of the State of Arizona. At June 30, 2021, 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 $ 18,133,053 2,068,011,048 445,089,926 56,254,885 262,515,249 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 $7,065,687 of outstanding pension contribution amounts payable to all pension plans for the year ended June 30, 2021. Also, the County reported $162,932,421 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 64 Notes to the Financial Statements (Continued) multiple-employer defined benefit pension plan. The Arizona State Retirement System Board governs 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, 2021, statute required active ASRS members to contribute at the actuarially determined rate of 12.04 percent of the members’ annual covered payroll for retirement, and statute required the County to contribute at the actuarially determined rate of 11.65 percent of the active members’ annual covered payroll. In addition, the County was required by statute to contribute at the actuarially determined rate of 10.14 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, 2021, were $65,899,776. During fiscal year 2021, the County paid for ASRS pension contributions as follows: 60.4 percent from the General Fund, 12.0 percent from major funds, and 27.6 percent from other funds. Pension liability—At June 30, 2021, the County reported a liability of $859,913,468 for its proportionate share of the ASRS’ net pension liability. The net pension liability was measured as of June 30, 2020. 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, 2019, to the measurement date of June 30, 2020. 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, 2020. The County’s proportion measured as of June 30, 2020, was 5.0 percent, which was a decrease of 0.1 from its portion measured as of June 30, 2019. 65 Notes to the Financial Statements (Continued) Pension expense and deferred outflows/inflows of resources—For the year ended June 30, 2021, the County recognized pension expense for the ASRS of $79,863,846. At June 30, 2021, 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 $ 7,779,398 Deferred inflows of resources $ Changes of assumptions or other inputs Net difference between projected and actual earnings on plan investments 82,939,652 Changes in proportion and differences between county contributions and proportionate share of contributions 8,273,608 County contributions subsequent to the measurement date 65,899,776 $ Total 164,892,434 11,889,530 $ 11,889,530 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, 2022. 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 2022 2023 2024 2025 $ 11,213,210 20,236,966 30,000,160 25,652,792 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, 2019 June 30, 2020 Entry age normal 7.5% 2.7–7.2% 2.3% Included 2017 SRA Scale U-MP 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 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 66 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: Target Allocation Asset Class Equity Fixed income - credit Fixed income - interest rate sensitive Real estate Total Long-Term Expected Geometric Real Rate of Return 50% 20% 10% 20% 100% 6.39% 5.44% 0.22% 5.85% 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 $ 1,175,919,975 Current Discount Rate (7.5%) $ 859,913,468 1% Increase (8.5%) $ 595,748,229 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 $644,621 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. 67 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. 68 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, 2021, 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 534 19 676 Inactive employees entitled to but not yet receiving benefits 123 4 487 Active employees 575 9 1,701 Total 1,232 32 2,864 69 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, 2021, are indicated below. Rates are a percentage of active members’ annual covered payroll. PSPRS Sheriff PSPRS Attorney Investigators CORP Detention CORP AOC Active memberpension 7.65%-11.65% 7.65%-11.65% 8.41% 8.41% or 10.00% County-pension 60.76%-65.03% 38.27% 29.46% 33.05% or 33.58% 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 50.51% 26.00% 22.84% 27.84% PSPRS Sheriff PSPRS Attorney Investigators CORP Detention CORP AOC The County’s contributions to the pension plans for the year ended June 30, 2021, were: PSPRS Sheriff PSPRS Attorney Investigators CORP Detention CORP AOC $ Pension 32,428,673 1,169,393 29,517,195 23,387,516 During fiscal year 2021, the County paid for PSPRS and CORP pension contributions as follows: 44.4 percent from the General Fund, 54.3 percent from major funds, and 1.3 percent from other funds. Pension liability—At June 30, 2021, the County reported the following liabilities: PSPRS Sheriff PSPRS Attorney Investigators CORP Detention CORP AOC (County’s proportionate share) Net pension liability $ 384,798,340 3,016,357 316,909,576 287,527,851 The net pension liabilities were measured as of June 30, 2020, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. Pension actuarial assumptions—The significant actuarial assumptions used to measure the total pension liability are as follows: 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, 2020 Entry age normal 7.3% 3.5% 2.5% 1.75% PubS-2010 tables 70 Notes to the Financial Statements (Continued) Actuarial assumptions used in the June 30, 2020, valuation were based on the results of an actuarial experience study for the 5-year period ended June 30, 2017. 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 U.S. public equity International public equity Global private equity Other assets (capital appreciation) Core bonds Private credit Diversifying strategies Cash - Mellon Total Target allocation 23% 15% 18% 7% 2% 22% 12% 1% 100% Long-term expected geometric real rate of return 4.93% 6.09% 8.42% 5.61% 0.22% 5.31% 3.22% -0.60% Pension discount rates—At June 30, 2020, the discount rate used to measure the PSPRS and CORP total pension liabilities was 7.3 percent. 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 plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Changes in the net pension liability PSPRS Sheriff Pension Increase (decrease) Total pension liability (a) Balances at June 30, 2020, adjusted $ 620,832,818 Plan fiduciary net position (b) $ 262,116,513 Net pension (asset) liability (a) - (b) $ 358,716,305 Service cost 11,398,697 11,398,697 Interest on the total pension liability 45,053,248 45,053,248 Differences between expected and actual experience in the measurement of the pension liability 10,266,804 10,266,804 Change of Assumptions Contributions – employer 32,110,823 (32,110,823) Contributions – employee 5,317,986 (5,317,986) Net investment income 3,366,838 (3,366,838) Benefit payments, including refunds of employee contributions (30,127,457) (30,127,457) Administrative expenses (274,575) 274,575 Other changes 115,642 (115,642) 10,509,257 26,082,035 Net Changes Balance at June 30, 2021 36,591,292 $ 657,424,110 71 $ 272,625,770 $ 384,798,340 Notes to the Financial Statements (Continued) PSPRS Attorney Investigators Pension Increase (decrease) Plan fiduciary net position (b) Total pension liability (a) Balances at June 30, 2020 $ 12,837,279 $ 9,272,223 Net pension (asset) liability (a) - (b) $ 3,565,056 Service cost 162,734 162,734 Interest on the total pension liability 908,177 908,177 Differences between expected and actual experience in the measurement of the pension liability (103,230) (103,230) Change of Assumptions Contributions – employer 1,361,887 (1,361,887) Contributions – employee 90,787 (90,787) Net investment income 120,018 (120,018) Benefit payments, including refunds of employee contributions (1,118,476) (1,118,476) Administrative expenses (9,789) Other changes Net changes Balance at June 30, 2021 (150,795) $ 12,686,484 $ 9,789 (46,523) 46,523 397,904 (548,699) 9,670,127 $ 3,016,357 CORP Detention Pension Increase (decrease) Plan fiduciary net position (b) Total pension liability (a) Balances at June 30, 2020, adjusted $ 568,595,536 $ 292,987,810 Net pension (asset) liability (a) - (b) $ 275,607,726 Service cost 13,394,907 13,394,907 Interest on the total pension liability 41,607,029 41,607,029 Differences between expected and actual experience in the measurement of the pension liability 26,630,427 26,630,427 Change of Assumptions Contributions – employer 24,898,466 (24,898,466) Contributions – employee 8,014,183 (8,014,183) Net investment income 7,914,882 (7,914,882) Benefit payments, including refunds of employee contributions (24,062,285) (24,062,285) Administrative expenses (306,335) Other changes Net changes Balance at June 30, 2021 57,570,078 $ 626,165,614 $ 306,335 (190,683) 190,683 16,268,228 41,301,850 309,256,038 $ 316,909,576 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, 2020. The County’s proportion measured as of June 30, 2020, was 60.2 percent, which was a decrease of 0.1 from its proportion measured as of June 30, 2019. 72 Notes to the Financial Statements (Continued) 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%) $ 471,661,890 $ 384,798,340 $ 313,671,684 4,236,242 3,016,357 1,978,908 CORP Detention Net pension liability 412,013,715 316,909,576 240,355,526 CORP AOC County’s proportionate share of the net pension liability 365,252,863 287,527,851 224,036,242 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. Pension expense—For the year ended June 30, 2021, the County recognized the following pension expense: Pension expense PSPRS Sheriff PSPRS Attorney Investigators CORP Detention CORP AOC (County’s proportionate share) $ 49,857,624 587,822 45,186,683 41,108,495 Pension deferred outflows/inflows of resources—At June 30, 2021, 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 $ 15,894,940 $ Changes of assumptions and other inputs 13,473,635 Net differences between projected and actual earnings on plan investments 14,472,254 County contributions subsequent to the measurement date 32,428,673 $ Total 73 76,269,502 $ Deferred inflows of resources 1,345,712 1,345,712 Notes to the Financial Statements (Continued) PSPRS Attorney Investigators Deferred outflows of resources Differences between expected and actual experience $ 26,424 Changes of assumptions and other inputs 31,922 Net differences between projected and actual earnings on plan investments 518,686 County contributions subsequent to the measurement date $ 51,615 $ 51,615 1,169,393 $ Total Deferred inflows of resources CORP Detention 1,746,425 Deferred outflows of resources Differences between expected and actual experience $ 36,205,089 Changes of assumptions and other inputs 16,593,687 Net differences between projected and actual earnings on plan investments 12,556,276 County contributions subsequent to the measurement date 29,517,195 $ Total CORP AOC 94,872,247 Deferred inflows of resources $ 7,776,192 $ 7,776,192 Deferred outflows of resources Differences between expected and actual experience $ 29,947,841 Changes of assumptions and other inputs 9,246,615 Net differences between projected and actual earnings on plan investments 12,464,419 Changes in proportion and differences between county contributions and proportionate share of contributions 3,418,991 County contributions subsequent to the measurement date 23,387,516 $ Total 78,465,382 Deferred inflows of resources $ 3,420,123 358,581 $ 3,778,704 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, 2022. 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 2022 2023 2024 2025 2026 PSPRS Sheriff $ 13,433,144 13,534,902 10,268,881 5,258,190 PSPRS Attorney Investigators $ 111,397 153,844 146,437 113,739 CORP Detention $ 12,578,220 14,263,641 13,168,617 13,129,977 4,438,405 CORP AOC $ 14,582,493 14,786,798 15,361,873 6,567,998 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 74 Notes to the Financial Statements (Continued) 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, 2021, 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, 2021, the County recognized pension expense of $924,587. 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 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 Final average salary is based on 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 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%. 75 Notes to the Financial Statements (Continued) 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, 2021, 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 49.39 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, 2021, were $11,847,708. During fiscal year 2021, the County paid for EORP pension contributions as follows: 97.1 percent from the General Fund and 2.9 percent from other nonmajor funds. Pension liability—At June 30, 2021, 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 $ 209,046,481 $ 19,868,205 228,914,686 The net pension liability was measured as of June 30, 2020, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. 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, 2020. The County’s proportion measured as of June 30, 2020, was 31.0 percent, which is a decrease of 5.3 from its proportion measured as of June 30, 2019. Pension expense and deferred outflows/inflows of resources—For the year ended June 30, 2021, the County recognized pension expense for EORP of $45,084,068 and revenue of $5,466,077 for the County’s proportionate share of the State’s appropriation to EORP and the designated court fees. At June 30, 2021, the County reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: 76 Notes to the Financial Statements (Continued) Deferred outflows of resources EORP Differences between expected and actual experience 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 Total $ Deferred inflows of resources $ 171,571 4,028,511 17,663,560 $ 11,847,708 15,876,219 $ 17,835,131 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, 2022. 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 2022 2023 2024 2025 $ (17,283,355) 1,298,356 1,270,243 908,136 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, 2020 Entry age normal 7.3% 3.75% 2.5 1.75% PubG-2010 tables Actuarial assumptions used in the June 30, 2020, valuation were based on the results of an actuarial experience study for the 5-year period ended June 30, 2017. 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 U.S. public equity International public equity Global private equity Other assets (capital appreciation) Core bonds Private credit Diversifying strategies Cash - Mellon Total 77 Target allocation Long-term geometric real rate of return 23% 15% 18% 7% 2% 22% 12% 1% 100% 4.93% 6.09% 8.42% 5.61% 0.22% 5.31% 3.22% -0.60% Notes to the Financial Statements (Continued) Discount rate—At June 30, 2020, the discount rate used to measure the EORP total pension liability was 7.3 percent. 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: EORP County’s proportionate share of the net pension liability 1% Decrease (6.3%) $ Current discount rate (7.3%) 238,478,514 $ 209,046,481 1% Increase (8.3%) $ 183,881,234 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, Articles 3.1 and 3.2. Benefit terms, including contribution requirements, are established by State statute. For the year ended June 30, 2021, 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, 2021, the County recognized pension expense of $270,257. NOTE 20 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2021, were as follows: Payable To Payable from Coronavirus Relief Fund County Improvement Fund Nonmajor Governmental Funds Internal Service Funds Total Due From $ $ General Fund 31,885,475 16,156,218 15,455,983 751,096 64,248,772 Total Due To 31,885,475 16,156,218 15,455,983 751,096 $ 64,248,772 $ 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, 2021. 78 Notes to the Financial Statements (Continued) Interfund transfers – interfund transfers for the year ended June 30, 2021, were as follows: Transfers In Transfers Out General Fund General Fund $ County Detention Improvement Operations Debt Fund Fund $ 194,559,465 $ 31,245,875 Detention Operations Fund County Improvement Debt Fund County Improvement Fund General Fund County Improvements Fund Nonmajor Governmental Funds 13,594,701 3,122,984 5,184,691 Total Transfers In $27,104,299 $ 197,682,449 $ 92,758,839 County Improvement Fund $ General Fund County Nonmajor Improvements Governmental Fund Funds 14,210,554 $ 59,725,620 $ Total Transfers Out $ 299,741,514 1,022,597 957,084 1,886,178 1,760,905 715,061 3,728,374 2,783,502 1,672,145 407,931 72,387,804 15,552,766 91,162,586 128,617,728 1,842,196 13,509,598 54,486,077 3,984,198 $ 3,984,198 $ 77,258,067 $ 110,143,215 $ 508,931,067 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 $ 64,248,772 Special Revenue Funds Coronavirus Relief Fund Detention Operations Due To Other Funds $ Transfers Out Transfers In $ 27,104,299 $ 299,741,514 31,885,475 Debt Service Funds County Improvement Debt Capital Projects Funds County Improvement General Fund County Improvement 16,156,218 NONMAJOR FUNDS Special Revenue Funds Accommodation Schools Air Quality Grants Animal Control License/Shelter Clerk of the Court Fill the Gap Clerk of the Court Grants County Attorney Grants County Attorney RICO Criminal Justice Enhancement Emergency Management Environmental Service Environmental Health Flood Control Human Services Grants Juvenile Probation Grants Juvenile Restitution Law Library Fees Non-Departmental Grants Parks Enhancement Public Health Fees Public Health Grants School Grants Sheriff Grants Sheriff RICO Superior Court Building Repair Superior Court Fill the Gap Transportation Grants Transportation Operations 197,682,449 3,728,374 92,758,839 2,783,502 3,984,198 77,258,067 1,672,145 72,387,804 38,102 868,731 1,120,332 90,847 316,136 360,972 164,298 342,805 409,546 76,930 45,985,879 186,338 33,347 33,347 2,577 1,057 1,000,000 140,245 54,000 10,800,859 1,913,360 140,245 5,064 1,000,000 52,421 92,842 1,814,905 79 49,097,601 Notes to the Financial Statements (Continued) Due From Other Funds Funds Due To Other Funds Capital Projects Funds Detention Capital Projects Detention Technology Capital Improvement Flood Control Capital Projects Intergovernmental Capital Projects Technology Capital Improvement Transportation Capital Projects Transfers In Transfers Out 3,009,170 2,439,649 716,963 45,985,879 2,577 29,147,467 12,825,897 43,946,538 Internal Service Funds Sheriff Warehouse 751,096 $ Total 64,248,772 $64,248,772 $ 508,931,067 $ 508,931,067 NOTE 21 – DISCRETELY PRESENTED COMPONENT UNIT DISCLOSURES The significant accounting disclosures for Maricopa County’s discretely presented component units, the Housing Authority of Maricopa County (HAMC) and Industrial Development Authority of Maricopa County (IDA), are presented below. For additional information on HAMC and IDA, see Note 1 – Summary of Significant Accounting Policies, Section A – Reporting Entity. A. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The County’s component units’ 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 IDA Investments in securities are stated at fair value. Deposits and investments at June 30, 2021, consist of the following: Deposits: Cash in bank $ 4,575,753 Investments: Money market 12,043,434 Federal Home Loan Banks 10,179,249 Federal National Mortgage Association 44,733 Government National Mortgage Association 23,018 Arizona Community Foundation Down Payment Assistance Investment Notes $ Total deposits and investments: 2,254,280 4,838 29,125,305 Deposits Custodial credit risk is the risk that in the event of a bank failure, the IDA’s deposits may not be returned to it. The IDA places its cash with high-credit quality financial institutions. At various times throughout the year and at year-end, the IDA’s cash balances exceed the federally insured limits. At June 30, 2021, $16,118,769 was uninsured and uncollateralized. Management believes there are no unusual risks associated with current depository institutions. The IDA has no policy concerning exposure to custodial credit risk. 80 Notes to the Financial Statements (Continued) Investments Interest Rate Risk – The IDA’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 IDA invests. Estimated maturities of the IDA’s investments consisted of the following at June 30, 2021: Within six months Investment Type Federal National Mortgage Association Six months to one year $ $ One to three years $ More than three years $ 44,733 $ Government National Mortgage Association 23,018 Federal Home Loan Banks 7,565,345 Arizona Community Foundation 2,254,280 2,613,904 9,819,625 23,018 10,179,249 4,838 $ 44,733 2,254,280 Down Payment Assistance Investment Notes Totals: Totals $ $ 2,618,742 4,838 $ 67,751 $ 12,506,118 Concentration Risk – The IDA’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, 2021 were in Federal Home Loan Banks and the Arizona Community Foundation. These investments were 81.4% and 18.0%, respectively, of the IDA’s total investments. Credit Risk – The IDA’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 IDA invests. At June 30, 2021, 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 IDA 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 IDA’s name. The IDA had an unrealized gain in the fair value of investments of $257,440 and realized loss of $7,025 for the year ended June 30, 2021. The unrealized gain and realized loss are included in unrestricted investment earnings in general revenues in the accompanying Statement of Activities. Fair Value of Investments – In determining fair value, the IDA 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. 81 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 IDA’s investments at June 30, 2021, 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 Government National Mortgage Association Arizona Community Foundation Total investments by fair value level: $ External investments measured at net asset value Down Payment Assistance Investment Notes Totals investments measured at fair value: $ 10,179,249 44,733 23,018 2,254,280 12,501,280 $ $ 4,838 12,506,118 Level 3 $ $ 10,179,249 44,733 23,018 $ $ $ 10,247,000 $ 2,254,280 2,254,280 C. Capital Assets The following is a summary of the changes in capital assets for the year ended June 30, 2021 for HAMC: Balance July 1, 2020 Increase Balance June 30, 2021 Decrease Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ Depreciable assets: Buildings and improvements Machinery and equipment Intangibles 8,764,293 1,855,195 10,619,488 $ 8,350 286,815 295,165 $ 2,657,507 1,089,692 3,747,199 $ 6,115,136 1,052,318 7,167,454 139,997,572 4,719,064 125,156 19,750,835 1,814,891 4,363,478 139,075 125,156 155,384,929 6,394,880 144,841,792 21,565,726 4,627,709 161,779,809 44,433,473 1,042,641 25,031 4,729,540 411,264 2,639,419 81,631 25,031 46,523,594 1,372,274 Total 45,501,145 5,140,804 2,746,081 47,895,868 Total capital assets being depreciated, net 99,340,647 16,424,922 1,881,628 113,883,941 Total Less accumulated depreciation for: Buildings and improvements Machinery and equipment Intangibles Total capital assets $ 109,960,135 82 $ 16,720,087 $ 5,628,827 $ 121,051,395 Notes to the Financial Statements (Continued) D. Long-Term Debt The following is a summary of the changes in noncurrent liabilities for the year ended June 30, 2021 for HAMC: Balance July 1, 2020 Loans and other payables: Loans payable Other long-term debt Net pension liabilities Total noncurrent liabilities Additions Balance June 30, 2021 Reductions Due Within One Year $ 31,410,428 3,813,817 2,865,124 $ 14,413,412 307,764 624,436 $ 3,029,906 529,086 $ 42,793,934 3,592,495 3,489,560 $ 4,020,854 $ 38,089,369 $ 15,345,612 $ 3,558,992 $ 49,875,989 $ 4,020,854 HAMC 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 $360,962 as of June 30, 2021. HAMC obtained financing for pre-development 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, 2021, with the remaining balance extended until 2022. HAMC drew on the line of credit with BBVA Bank in the amount of $350,000 on June 8, 2020. In fiscal year 2021, HAMC drew down another $320,114. The outstanding balance was $659,945 as of June 30, 2021. HAMC 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 $3,789,217 as of June 30, 2021. 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 5year 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 is then to be 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 $2,261,982 as of December 31, 2020. Promissory note payable to Community Service of Arizona, Inc., for the Maricopa Revitalization property 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, 2020, the accrued interest totaled $53,540. Promissory note payable to t h e Maricopa County Home Consortium in the original amount of $450,000. The note bears interest at 2% with principal payments of $31,486 and 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, 2021, was $450,000. Contractual obligation to City of Tempe in the original amount of $500,000. HAMC is required to meet the terms of agreement dated June 27, 2018 and through June 27, 2038. The balance at June 30, 2021, was $500,000. 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 June 1, 2035, a prepayment penalty is due. The balance of the loan was $1,354,209 as of December 31, 2020. 83 Notes to the Financial Statements (Continued) 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 $237,961 as of December 31, 2020. Third mortgage payable due to the Maricopa County Home Consortium 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 $297,463 as of December 31, 2020. 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 $1,460,738 as of December 31, 2020. Note payable due to the Maricopa County Home Consortium 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 190,000 as of December 31, 2020. 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 $13,690,752 as of December 31, 2020. 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, 2020. Community Development Block Grant (CDBG) loan totaling $650,000 due the City of Phoenix for construction of the project. On January 25, 2018, the note was amended to increase the principal balance to $1,000,000; however, the full amount of the loan was not disbursed until February 6, 2019. Commencing March 24, 2018, annual payments of principal and interest are payable from surplus cash in the amount of $50,523, not to exceed 75 percent of available surplus cash 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 $1,127,554 as of December 31, 2020. Note payable to JPMorgan Chase Bank, dated December 27, 2019, for the original loan amount of $1,000,000. The note bears interest at a fixed rate of 6.01 percent. Monthly installments of principal and interest in the amount of $4,167 are payable beginning July 10, 2020. The note matures December 27, 2038, at which time all remaining principal and interest shall be due. The note is secured by the mortgage on the rental property. The balance at December 31, 2020, was $993,617. Home note payable to the Maricopa County Home Consortium, 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 note is secured by a HOME program mortgage on the rental property. The balance at December 31, 2020, was $300,000. Home note payable to ADOH 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 principal and interest shall be due. The note is secured by a HOME program mortgage on the rental property. As of December 31, 2020, $302,167 of the loan proceed had been drawn. Note payable to ADOH, dated October 31, 2018, in the original principal amount of $4,800,000. The note bears interest at 2.99%. Annual payments of principal and interest are payable beginning June 1, 2021, subject to cash flow. Interest beings to accrue beginning January 1, 2020. The note matures June 1, 2069, at which time all remaining principal and interest shall be due. The balance at December 31, 2020, was $4,800,000. 84 Notes to the Financial Statements (Continued) Construction loan payable to JP Morgan Chase, dated December 14, 2018, with a maximum amount of $12,000,000. The note bears interest at 1.94 percent. Monthly installments of interest are payable the first day of each month commencing January 1, 2019. The note matures during January 2021 at which time all remaining principal and interest shall be due. The note is secured by the mortgage on the rental property. Interest of $312,266 was capitalized into the building as of December 31, 2020. Subsequent to December 31, 2020, on January 29, 2021, the loan was paid off with proceeds from equity installments, construction cash, and permanent loan proceeds. The balance at December 31, 2020, was $8,500,000, with accrued interest of $189,333. Annual debt service requirements to maturity are as follows: HAMC Year Ending June 30 2022 2023 2024 2025 2026 2027-31 2032-36 2037-41 2042-46 Total 85 Principal $ 4,020,853 2,785,421 619,305 645,677 672,782 29,318,626 3,426,578 110,233 1,194,459 $ 42,793,934 86 Financial Section Required Supplementary Information Required Supplementary Information Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund Year Ended June 30, 2021 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Taxes Licenses and permits $ 642,037,980 $ 642,037,980 $ 655,366,555 $ 13,328,575 1,390,655 1,390,656 1,708,256 317,600 Intergovernmental 786,063,372 786,077,115 941,713,564 155,636,449 Charges for services 68,023,466 68,024,576 83,116,234 15,091,658 Fines and forfeits 11,109,256 11,109,229 9,632,464 (1,476,765) Interest income 2,400,000 2,292,383 1,513,317,112 2,400,000 2,291,299 1,513,330,855 2,180,428 19,867,769 1,713,585,270 (219,572) 17,576,470 200,254,415 Miscellaneous Total revenues EXPENDITURES General government Assessor 26,699,961 27,187,591 25,657,956 1,529,635 Assistant County Manager 1,337,136 1,273,407 935,001 338,406 Board of Supervisors 2,183,065 2,216,921 2,128,516 88,405 Budget 1,734,748 1,753,528 1,386,674 366,854 County Call Center 1,969,020 2,000,635 2,000,128 507 Clerk of the Board 1,774,816 1,733,248 1,292,505 440,743 County Attorney (1) 9,719,505 9,295,246 9,345,637 (50,391) 1,259,051 County Manager’s Office 4,250,919 4,300,917 3,041,866 Elections 30,105,166 30,426,787 27,834,548 2,592,239 Enterprise Technology 69,160,673 64,298,086 53,853,120 10,444,966 Equipment Services 1,196,625 1,196,625 1,190,125 6,500 Facilities Management 42,750,894 43,012,399 41,588,712 1,423,687 Finance 3,692,878 3,776,392 3,599,914 176,478 Human Resources 11,870,067 12,005,744 11,015,433 990,311 Internal Audit 2,416,978 2,466,563 1,926,913 539,650 Non Departmental 85,989,070 75,208,629 (16,236,739) 91,445,368 Procurement Services 2,663,618 2,722,711 2,422,800 299,911 6,583,447 7,296,068 313,394,654 6,687,942 7,420,616 298,983,987 6,669,701 7,365,898 187,018,708 18,241 54,718 111,965,279 Recorder Treasurer Total general government Public safety Adult Probation 69,640,572 71,652,061 67,644,293 4,007,768 Clerk of Superior Court 38,935,141 39,786,704 39,401,424 385,280 Constables 3,943,676 3,909,286 3,779,726 129,560 County Attorney (1) 92,254,094 95,046,965 89,947,693 5,099,272 Emergency Management 3,310,113 3,347,656 3,083,358 264,298 Equipment Services 4,341,791 4,542,873 2,041,436 2,501,437 4,027,693 Facilities Management 5,151,625 4,662,458 634,765 Justice Courts 21,334,235 21,751,713 20,951,658 800,055 Juvenile Probation 21,113,146 22,107,558 21,088,946 1,018,612 Legal Advocate 14,839,121 15,156,123 The notes to the budgetary comparison schedules are an integral part of this schedule. 14,439,853 716,270 (continued) 89 Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund (Continued) Year Ended June 30, 2021 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) Public safety (cont.) Legal Defender Non Departmental $ 15,474,591 18,997,772 $ 15,804,506 17,358,593 $ 14,906,849 9,435,992 $ 897,657 7,922,601 Planning and Development 1,244,073 1,244,073 919,500 324,573 Public Advocate 10,576,388 10,785,663 9,966,745 818,918 Public Defender 47,064,121 48,008,176 44,217,544 3,790,632 Public Defense Services 49,083,178 48,814,830 44,968,494 3,846,336 Public Fiduciary 4,687,638 4,391,752 4,164,941 226,811 Sheriff Superior Court 169,526,813 99,569,338 691,087,426 172,655,814 103,308,239 704,335,043 133,256,994 97,307,090 622,157,301 39,398,820 6,001,149 82,177,742 109,439 109,439 100,678 8,761 1,096,656 1,096,656 1,096,656 997,291 968,744 932,291 36,453 Correctional Health 3,732,573 3,743,265 2,365,721 1,377,544 Environmental Services 10,486,320 10,577,856 10,337,428 240,428 Facilities Management 614,000 614,000 387,857 226,143 Total public safety Highways and Streets Transportation Health, welfare and sanitation Air Quality Animal Care and Control Human Services 3,996,103 4,025,550 2,403,158 1,622,392 Medical Examiner 12,530,842 12,750,946 12,091,148 659,798 Non Departmental 301,590,442 13,482,023 301,590,442 14,222,573 285,393,164 13,012,246 16,197,278 1,210,327 348,526,250 349,590,032 328,019,669 21,570,363 861,313 861,313 861,313 2,887,830 2,923,911 2,587,242 336,669 1,356,866,912 1,356,803,725 1,140,744,911 216,058,814 156,450,200 156,527,130 572,840,359 416,313,229 Public Health Total health, welfare and sanitation Culture and recreation Parks and Recreation Education Superintendent of Schools Total expenditures Excess of revenues over expenditures The notes to the budgetary comparison schedules are an integral part of this schedule. 90 (continued) Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund (Continued) Year Ended June 30, 2021 OTHER FINANCING SOURCES (USES) Transfers in $ Transfers out 27,104,299 $ 27,104,299 $ 27,104,299 $ (350,008,575) (350,085,505) (299,741,514) 17,226,665 50,343,991 17,226,665 (322,904,276) (322,981,206) (255,410,550) 67,570,656 Net change in fund balances (166,454,076) (166,454,076) 317,429,809 483,883,885 Fund balance, July 1, 2020 166,454,076 166,454,076 303,568,468 137,114,392 Capital lease agreements Total other financing uses Change in nonspendable resources: Decrease in inventories Fund balance, June 30, 2021 $ $ $ (171,882) 620,826,395 $ (171,882) 620,826,395 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. 91 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Coronavirus Fiscal Recovery Fund Year Ended June 30, 2021 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Intergovernmental $ $ 60,000,000 $ Interest income 19,011,924 1,768,024 $ (40,988,076) 1,768,024 60,000,000 20,779,948 (39,220,052) 50,000,000 10,000,000 17,926,904 1,085,020 32,073,096 8,914,980 Total health, welfare and sanitation 60,000,000 19,011,924 40,988,076 Total expenditures 60,000,000 19,011,924 40,988,076 1,768,024 1,768,024 1,768,024 1,768,024 Total revenues EXPENDITURES Health, welfare and sanitation COVID 19 Unified Command Center Non Departmental Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ $ The notes to the budgetary comparison schedules are an integral part of this schedule 92 $ 1,768,024 $ 1,768,024 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Coronavirus Relief Fund Year Ended June 30, 2021 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Intergovernmental $ 378,000,000 $ 300,208,682 Interest income 302,710,928 (3,689,042) 300,208,682 299,021,886 Adult Probation 383,513 383,513 Air Quality 72,006 72,006 Animal Care and Control 233,650 233,650 Total revenues 378,000,000 $ $ 2,502,246 (3,689,042) (1,186,796) EXPENDITURES Health, welfare and sanitation Assessor 331,629 331,629 73,293,081 72,284,973 Budget 7,267 7,267 County Call Center 80,160 79,909 Clerk of the Board 3,333 3,333 2,883,057 2,883,057 Assistant County Manager Clerk of the Superior Court Constables Correctional Health County Attorney 2,168 2,168 14,315,445 10,693,894 180,085 180,085 County Manager 1,008,108 251 3,621,551 50,993 50,993 COVID 19 Unified Command Center 50,425,000 39,465,541 10,959,459 Elections 3,419,294 3,355,356 63,938 51,339 51,339 Enterprise Technology 25,234,953 25,234,953 Environmental Services 490,581 490,581 Equipment Services 87,233 87,233 Facilities Management 2,188,946 2,124,490 13,039 13,039 Emergency Management Finance 64,456 Flood Control District 106,287 106,287 Human Resources 9,508,691 9,463,154 45,537 Human Services 72,022,868 74,238,720 (2,215,852) Integrated Criminal Justice Information Internal Audit Justice Courts Juvenile Probation 6,238 6,238 285,589 285,589 897,526 897,526 1,225,602 1,108,198 88,035 88,035 2,142,746 1,920,769 221,977 824,223 10,363 813,860 Library District Medical Examiner Non Departmental 378,000,000 Parks and Recreation 117,404 1,097,547 1,097,547 Planning and Development 105,748 105,824 (76) Procurement Services 148,118 105,635 42,483 Public Defense Services 278,652 278,652 The notes to the budgetary comparison schedules are an integral part of this schedule 93 (continued) Maricopa County Required Supplementary Information Budgetary Comparison Schedule Coronavirus Relief Fund (Continued) Year Ended June 30, 2021 Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) Health, welfare and sanitation (cont.) Public Fiduciary $ $ 23,460 $ 23,460 Public Health 1,795,506 1,756,469 Real Estate 103,879 103,879 Recorder 1,057,461 1,057,461 Risk Management $ 39,037 273,559 273,559 23,797,297 42,959,852 262,073 262,073 Superior Court 9,791,261 9,569,524 221,737 Transportation 585,181 34,363 671,889 34,363 (86,708) Sheriff Superintendent of Schools Treasurer (19,162,555) Total health, welfare and sanitation 378,000,000 300,208,682 304,454,075 (4,245,393) Total expenditures 378,000,000 300,208,682 304,454,075 (4,245,393) (5,432,189) (5,432,189) Net change in fund balances (5,432,189) (5,432,189) Fund balance, July 1, 2020 7,055,871 7,055,871 3,386,977 3,386,977 Excess of revenues over expenditures Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2021 $ $ The notes to the budgetary comparison schedules are an integral part of this schedule 94 $ 5,010,659 $ 5,010,659 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Detention Operations Fund Year Ended June 30, 2021 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Taxes $ 174,361,993 $ 174,361,993 $ 210,484,572 $ 36,122,579 Intergovernmental 273,529 273,528 5,600 (267,928) Charges for services 23,851,352 23,851,353 13,986,602 (9,864,751) 597,998 259,018 597,998 259,018 Interest income Miscellaneous Total revenues 198,486,874 198,486,874 225,333,790 26,846,916 1,573,688 EXPENDITURES Public safety Adult Probation 41,502,565 42,376,388 40,802,700 Emergency Management 48,941 48,941 48,941 Enterprise Technology 1,828,394 1,864,711 1,361,551 Equipment Services 2,070,386 1,869,304 1,065,777 803,527 Facilities Management 27,942,980 28,004,763 19,309,741 8,695,022 503,160 Integrated Criminal Justice Information 1,702,402 1,721,807 1,621,966 99,841 Juvenile Probation 39,771,044 40,671,761 35,105,731 5,566,030 Non Departmental 18,468,849 15,262,921 60,040 15,202,881 Sheriff 239,210,221 242,679,443 229,171,723 13,507,720 372,545,782 374,500,039 328,548,170 45,951,869 72,040,583 72,977,528 64,797,018 8,180,510 444,586,365 447,477,567 393,345,188 54,132,379 (246,099,491) (248,990,693) (168,011,398) 80,979,295 Transfers in 238,679,264 238,679,264 197,682,449 (40,996,815) Transfers out (3,953,958) (3,953,958) (3,728,374) 839,376 225,584 839,376 234,725,306 234,725,306 194,793,451 (39,931,855) Net change in fund balances (11,374,185) (14,265,387) 26,782,053 41,047,440 Fund balance, July 1, 2020 39,237,060 39,237,060 94,102,401 54,865,341 Total public safety Health, welfare, and sanitation Correctional health Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES (USES) Capital lease agreements Total other financing sources Change in nonspendable resources: 997,551 Increase in inventories Fund balance, June 30, 2021 $ 27,862,875 $ 24,971,673 The notes to the budgetary comparison schedules are an integral part of this schedule 95 $ 121,882,005 997,551 $ 96,910,332 Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules Year Ended June 30, 2021 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 Fiscal Recovery 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, 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 Fiscal Recovery 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, 2021, expenditures exceeded final budget amounts at the department level as follows: Fund/Department Coronavirus Relief Fund: Human Services Planning and Development Sheriff Transportation Excess $ 2,215,852 76 19,162,555 86,708 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). The County established each department’s estimated budget based on the guidelines established by the U.S. Department of Treasury. As additional allowable expenditures are incurred by the departments over what was originally budgeted, the departmental budgets are adjusted in the following month. For Sheriff, the excesses were primarily the result of public safety salaries that were allocated out of the General and Detention funds to the Coronavirus Relief Fund. Due to the timing of the expenditures, the departmental budgets could not be adjusted before year-end. 96 97 Maricopa County Required Supplementary Information Schedule of the County’s Proportionate Share of Net Pension Liability Cost-Sharing Pension Plans June 30, 2021 Arizona State Retirement System Reporting fiscal year (measurement date) 2021 (2020) County's proportion of the net pension liability 2020 (2019) 2019 (2018) 2018 (2017) 2017 (2016) 5.0% 5.1% 4.9% 5.0% 5.1% County’s proportionate share of the net pension liability $859,913,468 $740,981,614 $687,946,426 $772,309,903 $825,659,181 County’s covered payroll $541,868,155 $515,839,976 $497,392,855 $484,648,435 $477,764,920 County’s proportionate share of the net pension liability as a percentage of its covered payroll 158.7% 143.6% 138.3% 159.4% 172.8% Plan fiduciary net position as a percentage of the total pension liability 69.3% 73.2% 73.4% 69.9% 67.1% Corrections Officer Retirement Plan—Administrative Office of the Courts Reporting fiscal year (measurement date) 2020 (2019) 2021 (2020) County's proportion of the net pension liability 2019 (2018) 2018 (2017) 2017 (2016) 60.2% 60.3% 58.9% 58.6% 58.5% County’s proportionate share of the net pension liability $287,527,851 $254,496,651 $212,174,173 $235,278,988 $165,172,262 County’s covered payroll $71,975,534 $71,052,917 $70,273,305 $67,273,479 $66,943,949 399.5% 358.2% 301.9% 349.7% 246.7% 50.1% 52.0% 53.7% 49.2% 54.8% 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) 2021 (2020) County's proportion of the net pension liability 2020 (2019) 2019 (2018) 2018 (2017) 2017 (2016) 31.0% 36.3% 26.1% 29.2% 32.1% County’s proportionate share of the net pension liability $209,046,481 $240,825,637 $164,732,203 $355,290,457 $303,669,813 State’s proportionate share of the net pension liability associated with the County 19,868,205 22,635,120 28,225,796 115,022,979 62,699,965 $228,914,686 $263,460,757 $192,957,999 $470,313,436 $366,369,778 Total 24,148,819 32,728,218 31,666,783 27,453,840 27,158,658 County’s proportionate share of the net pension liability as a percentage of its covered payroll 947.9% 805.0% 609.3% 1,713.1% 1,349% Plan fiduciary net position as a percentage of the total pension liability 29.8% 30.1% 30.4% 19.7% 23.4% County’s covered payroll 98 Arizona State Retirement System Reporting fiscal year (measurement date) 2016 (2015) 2015 (2014) 2014 through 2012 (Information not available) 5.2% 5.1% $809,331,280 $748,436,636 $479,712,628 $457,944,565 168.7% 163.4% 68.4% 69.5% Corrections Officer Retirement Plan—Administrative Office of the Courts Reporting fiscal year (measurement date) 2016 (2015) 2015 (2014) 2014 through 2012 (Information not available) 57.3% 56.0% $139,409,566 $125,717,900 $65,257,263 $61,821,694 213.6% 203.4% 57.9% 58.6% Elected Officials Retirement Plan Reporting fiscal year (measurement date) 2016 (2015) 2015 (2014) 2014 through 2012 (Information not available) 28.7% 28.0% $224,240,437 $187,488,213 69,908,836 57,485,628 $294,149,273 $244,973,841 26,294,214 25,707,192 1,119% 952.9% 28.3% 31.9% 99 Maricopa County Required Supplementary Information Schedule of Changes in the County’s Net Pension Liability and Related Ratios Agent Pension Plans June 30, 2021 PSPRS Sheriff 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) 2021 (2020) 2020 (2019) $11,398,697 45,053,248 $ 13,413,866 42,374,413 10,266,804 Reporting fiscal year (measurement date) 2019 (2018) $ 2017 (2016) 2018 (2017) 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 (30,127,457) 36,591,292 620,832,818 657,424,110 (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 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) $32,110,823 5,317,986 3,366,838 $ 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 $ (30,127,457) (274,575) 115,642 10,509,257 262,116,513 272,625,770 (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 County’s net pension liability—ending (a) – (b) 384,798,340 $ 358,716,320 $ 333,413,108 $ 322,799,223 $ 299,661,977 41.5% 42.2% 41.9% 41.4% 40.1% 51,773,513 $ 53,880,062 743.2% 665.8% 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 $ 52,850,657 $ 55,883,688 630.9% 25,751,005 6,635,173 1,146,484 $ 53,433,053 577.6% 560.8% PSPRS Attorney Investigators Reporting fiscal year (Measurement Date) 2021 (2020) 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 $ $ 2020 (2019) 162,734 908,177 $ 385,172 902,532 2019 (2018) $ 237,953 864,487 2018 (2017) $ 248,675 822,148 (23,853) 2017 (2016) $ 266,004 847,697 (118,749) (103,230) 79,273 95,767 5,143 (72,143) 670,559 (262,824) 344,143 (1,118,476) (150,795) 12,837,279 $12,686,484 (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 $ $ 1,124,841 126,880 486,062 $ 1,461,247 145,186 686,868 $ 1,398,933 217,009 29,781 (845,968) (8,098) (993,510) (6,478) (815,133) (4,685) 1,361,887 90,787 120,018 (1,118,476) (9,789) 100 1,667,991 226,878 447,760 (873,347) (8,782) PSPRS Sheriff Reporting fiscal year (measurement date) 2015 2014 through 2012 (Information (2014) not available) 2016 (2015) $ 8,569,277 32,648,223 $ 7,480,509 26,943,394 8,426,465 14,238,261 11,002,881 41,139,111 (24,192,292) 31,263,469 423,712,440 $ 454,975,909 (21,535,223) 73,457,137 350,255,303 $423,712,440 $ 19,300,393 5,718,569 6,829,419 (24,192,292) (166,999) 60,926 7,550,016 186,022,676 $ 193,572,692 14,269,254 4,854,094 22,842,521 (21,535,223) (183,966) (319,075) 19,927,605 166,095,071 $186,022,676 $ 261,403,217 $237,689,764 42.6% 43.9% $ 50,323,844 $ 42,465,860 519.4% 559.7% PSPRS Attorney Investigators Reporting fiscal year (Measurement Date) 2016 (2015) $ 253,874 853,275 (324,461) (904,489) (121,801) 11,195,054 $ 11,073,253 $ 1,077,456 147,013 162,028 (904,489) (4,332) 2015 (2014) 2014 through 2012 (Information not available) $ 148,216 687,975 361,998 406,452 1,360,402 (919,786) 2,045,257 9,149,797 $ 11,195,054 $ 875,484 175,233 508,376 (919,786) (4,094) 101 Maricopa County Required Supplementary Information Schedule of Changes in the County’s Net Pension Liability and Related Ratios Agent Pension Plans (Continued) June 30, 2021 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) 2021 (2020) (46,523) 397,904 9,272,223 9,670,127 County’s net pension liability—ending (a) – (b) 3,016,357 Plan fiduciary net position as a percentage of the total pension liability 76.2% Covered payroll County’s net pension liability as a percentage of covered payroll 2020 (2019) 58,955 1,519,455 7,752,768 $ 9,272,223 $ 3,565,056 2019 (2018) $ 4,029,625 74.6% 2017 (2016) $ 32 825,937 4,750,630 5,576,567 $ 5,757,824 $ 90 883,807 6,869,957 7,753,764 $ 77 1,293,390 5,576,567 6,869,957 $ 4,494,118 $ 5,116,310 72.2% $4,041,539 2018 (2017) 63.3% $ 88.5% 3,798,904 118.3% 57.3% $ 3,636,066 49.2% $ 140.7% 3,893,987 147.9% CORP Detention 2021 (2020) 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 2020 (2019) $ 13,394,907 41,607,029 $ Reporting fiscal year (measurement date) 2019 (2018) 15,808,183 37,503,283 $ 2018 (2017) 16,078,305 37,311,464 (28,640,732) $ 15,050,195 30,295,270 71,546,493 2017 (2016) $ 14,204,315 29,393,196 1,084,506 26,630,427 21,019,595 14,587,736 (6,990,041) (4,519,288) 9,430,261 (11,595,604) 16,921,282 (24,062,285) 57,570,078 568,595,536 626,165,614 (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 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 $ (24,062,285) (306,335) (190,683) 16,268,228 292,987,810 309,256,038 (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 $ 217,786,708 316,909,576 $ 275,467,410 $ 234,789,213 $ 260,868,302 $ 189,050,408 49.4% 51.6% 53.3% 48.6% 53.5% $ 104,307,731 $ 106,256,020 $ 105,470,072 225.1% 245.5% 179.2% $ 24,898,466 8,014,183 7,914,882 $ 99,862,066 $ $ 317.3% 92,198,723 298.8% 102 15,892,539 8,277,119 1,315,283 PSPRS Attorney Investigators (continued) Reporting fiscal year (Measurement Date) $ 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 42.9% $ 3,247,944 2014 through 2012 (Information not available) 38.2% $ 194.7% 3,313,690 208.8% CORP Detention Reporting fiscal year (measurement date) 2016 (2015) $ 14,287,455 27,839,448 2015 (2014) $ (3,602,883) 2014 through 2012 (Information not available) 13,157,787 22,915,599 4,251,385 10,839,392 27,217,502 (16,073,751) 62,307,914 293,376,438 355,684,352 (16,370,870) 22,153,150 355,684,352 $ 377,837,502 $ $ 12,465,970 8,470,324 7,511,442 (16,370,870) (185,964) (101,256) 11,789,646 201,802,333 $ 213,591,979 $ 11,963,290 8,207,931 24,337,934 (16,073,751) (191,360) (72,076) 28,171,968 173,630,365 $ 201,802,333 $ 164,245,523 $ 153,882,019 56.5% 56.7% $ 104,462,671 $ 99,925,573 157.2% 154.0% 103 Maricopa County Required Supplementary Information Schedule of County Pension Contributions June 30, 2021 Reporting fiscal year 2021 Arizona State Retirement System Statutorily required contribution County’s contributions in relation to the statutorily required contribution County’s contribution deficiency (excess) $ County’s contributions as a percentage of covered payroll $ $ County’s covered payroll County’s contributions as a percentage of covered payroll $52,884,110 62,456,719 $ $ 52,137,019 $ 51,696,840 51,696,840 $ 497,392,855 484,648,435 477,764,920 11.7% 11.5% 11.2% 10.6% 10.8% 10.8% 23,387,516 $22,028,084 $ 22,666,439 $15,669,281 22,028,084 $ 22,666,439 $ $ 15,669,281 $ 13,204,078 $ 13,204,078 $ 12,319,262 12,319,262 $ 69,971,380 71,975,534 71,052,917 70,273,305 67,273,479 66,943,949 33.4% 30.6% 31.9% 22.3% 19.6% 18.4% 11,847,708 $14,032,510 $16,310,970 $6,542,613 $ $ 6,542,613 $ 14,032,510 $ 16,310,970 $ 6,159,790 $ 6,159,790 6,065,753 6,065,753 $ 20,745,477 24,148,819 32,728,218 31,666,783 27,453,840 27,158,658 57.1% 58.1% 49.8% 0.0% 22.4% 22.3% 32,428,673 $32,315,977 $ 30,654,710 $28,038,980 $ 30,654,710 20,277,318 $ 7,761,662 $ 32,428,673 32,315,977 $ $ 25,010,275 $ 25,010,275 25,739,331 25,739,331 $ 51,127,839 51,773,513 53,880,062 52,850,657 55,883,688 53,433,053 63.4% 62.4% 56.9% 38.4% 44.8% 48.2% 1,169,393 $ 1,377,237 1,622,619 $ 1,223,363 $ 1,104,357 119,006 $ 1,169,393 $ $ 52,884,110 $ 52,137,019 515,839,976 $ $ 57,600,648 $ $ 2016 541,868,155 11,847,708 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) $ 57,600,648 2017 564,459,191 $ 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) $62,459,719 23,387,516 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) 2018 $ $ 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) 2019 65,899,776 $ County’s 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) 65,899,776 2020 $ 1,377,237 $ 1,622,619 $ $ 1,461,227 $ 1,461,227 1,399,472 1,399,472 $ 4,079,047 4,041,539 4,029,625 3,798,904 3,636,066 3,893,987 28.7% 34.1% 40.3% 29.1% 40.2% 35.9% 29,517,195 $25,084,557 $ 24,700,209 $18,380,097 29,517,195 $ 25,084,557 $ 24,700,209 $ $ 18,380,097 $ 16,132,787 $ 16,132,787 $ 15,896,136 15,896,136 $ 102,944,404 99,862,066 92,198,723 104,307,731 106,256,020 105,470,072 28.7% 25.1% 26.8% 17.6% 15.2% 15.1% See accompanying notes to the pension plan schedules 104 Reporting fiscal year 2015 2014 $ 52,096,273 $ 48,882,491 48,882,491 52,096,273 $ $ 479,712,628 457,944,565 10.9% 10.7% $ 9,496,405 $ 8,712,921 8,712,921 9,496,405 $ 2013 through 2012 information unavailable $ 65,257,263 61,821,694 14.6% 14.1% $ 6,033,621 $ 5,957,431 5,957,431 6,033,621 $ $ 26,294,214 22.9% 25,707,192 23.2% $ 18,736,372 $ 14,269,254 14,269,254 18,736,372 $ $ 50,323,844 37.2% $ 1,052,103 42,465,860 33.6% $ 875,484 1,052,103 $ 875,484 $ 3,247,944 32.4% 3,313,690 26.4% $ 12,444,879 $ 11,963,290 11,963,290 12,444,879 $ $ 104,462,671 99,925,573 11.9% 12.0% 105 Maricopa County Required Supplementary Information Notes to Pension Plan Schedules Year Ended June 30, 2021 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 2019 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: 17 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) 106 Maricopa County Required Supplementary Information Notes to Pension Plan Schedules (Continued) Year Ended June 30, 2021 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. . 107 Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets Year Ended June 30, 2021 Condition Rating of Maricopa County Roadway System Percentage of Lane Miles in Very Good or Excellent Condition (70-100) Roadway System FY 2021 76% FY 2020 80% FY 2019 85% FY 2018 91% FY 2017 92% Percentage of Lane Miles in Substandard Condition < 55 Roadway System FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 3% 4% 5% 1% 0% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 $ 17,771,127 $ 21,800,666 $ 15,171,864 $ 18,345,252 $ 24,011,356 $ 19,705,496 $ 41,492,218 $ 35,255,255 $ 23,860,625 $ 24,310,649 The condition of road pavement is measured and managed using the Maricopa County Department of Transportation (MCDOT) asset management software, Cartegraph OMS, which is based on weighted averages of pavement surface distress factors. The Cartegraph system uses a measurement scale to evaluate the Overall Condition Index (OCI) ranging from zero for a failed pavement to 100 for a pavement in perfect condition. The OCI is used to classify roads in very good or excellent condition (70-100), good condition (55-69), and substandard condition (less than 55). Prior to fiscal year 2021, the Pavement Condition Rating (PCR) index was used. 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 FY21 - 20 Percentage of Bridges >=5 Bridge System FY 2021 100% FY19 - 17 Percentage of Bridges >= 70 FY 2020 100% FY 2019 100% FY 2018 100% FY 2017 92% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2021 $ 1,437,500 $ 1,708,273 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 The condition of the County’s bridges is determined using the MCDOT bridge inspection program that follows federal mandates and regulations. The Federal Highway Administration (FHWA) National Bridge Inspections Standards scale uses a 0 to 9 scale to classify bridges as Good (7-9), Fair (5-6), or Poor (0-4). Prior to fiscal year 2020, the bridge sufficiency rating 0 to 100 numeric scale was used. It is the County’s policy that 90% of bridges and minor concrete box structures have a condition rating of 5 or greater. All bridges are inspected every two years (approximately one-half of the bridges are inspected annually). 108 Financial Section Nonmajor Governmental Funds Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Maricopa County Listing of Nonmajor Governmental Funds Special Revenue Funds Accommodation Schools — (Fund 509) Accounts for the maintenance and operations of the accommodation schools. (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 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 111 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) Correctional 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. 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) Accounts for federal indirect fees charged to school districts. 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 A.R.S. 12-284, subsection J. Emergency Management — (Fund 215) Emergency Management activity consists of disaster planning and training. Environmental Services Environmental Health — (Fund 506) Environmental Services – Environmental Health Fund was established to account for activities related to the protection of food and water supplies consumed by residents. Funding is provided by fees collected from Health Inspections and the sale of Health Permits. Expedited Child Support — (Fund 271) Accounts for the funds that are utilized to establish, maintain and enhance programs designed to expedite the processing of petitions filed and enforce the resultant court orders. Revenues collected for subsequent case filing fees for post-decree petitions in dissolution cases, pursuant to A.R.S. §25-412 and A.R.S. §12-284, fund operations. Flood Control — (Fund 991) Provides flood control facilities and regulates floodplains and drainage to prevent flooding of property and endangering the lives of people in Maricopa County. Operations are funded by a secondary tax levy. This fund is part of the Maricopa County Flood Control District, a legally separate entity, which is a blended component unit of Maricopa County. 112 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. Justice Reinvestment – (Fund 293) Accounts for funds received pursuant to ARS §36-2863 to be utilized for justice reinvestment programs and initiatives that focus on the following: prevention and treatment of substance abuse, restorative justice, jail diversion, workforce development, reducing drug-related arrests, and developing programs to assist with civil rights restoration and expungement of criminal records. 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. 113 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. 114 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. 115 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Victim Compensation Interest — (Fund 269) Established as authorized by A.R.S. §11-538 consisting of monies that are distributed pursuant to A.R.S. §12-286 (75 percent of the interest earned on restitution monies that are received in trust). The County Attorney shall use monies in the fund to assist eligible victims of crime with medical, counseling and funeral expenses and lost wages. Victim Compensation Restitution — (Fund 268) Established to administer funding provided from the State Victim Compensation and Assistance fund (A.R.S. §41-2407) and from prisoner supervision fees under A.R.S. §31-418. 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. 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. 116 117 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2021 SPECIAL REVENUE FUNDS Accommodation Schools Adult Adult Air Air Probation Fees Probation Grants Quality Fees Quality Grants ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 2,436,832 Receivables 37,426 11,043,160 830,792 26,218 Due from other funds Due from other governmental units 97,148 985,191 Inventories Miscellaneous 6,000 Cash and investments held by trustee – restricted Total assets $ $ 3,267,624 $ 134,574 $ 11,075,378 $ 985,191 $ 28,622 $ 131,526 $ 203,486 $ 111,725 LIABILITIES Accounts payable $ 116,468 Employee compensation payable 12,179 96,148 16,405 Accrued liabilities Due to other funds 38,102 868,731 Interest payable Special assessment debt with governmental commitment Unearned revenue 3,049 4,737 Deposits held for other parties Contract retention payable 154,570 Total liabilities 28,622 146,754 299,634 1,001,598 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 31,911 19,720 31,911 19,720 FUND BALANCES Nonspendable Restricted 3,239,002 10,775,744 Committed (154,570) Total fund balances Total liabilities, deferred inflows of resources, and fund balances (44,091) (154,570) Unassigned $ 3,239,002 $ 3,267,624 118 (36,127) (44,091) $ 134,574 10,775,744 $ 11,075,378 (36,127) $ 985,191 SPECIAL REVENUE FUNDS Animal Animal Control Grants Control License/Shelter $ $ 74,785 1,980 Ballpark Operations $ Cactus CDBG Check Child League Operations Housing Trust Enforcement Program Support Enhancement $ $ 799,584 1,456,772 5,286,446 9,261 3,329 12,080 $ 1,070,040 $ 32,947 1,348,663 3,081 824,635 1,758,332 34,080 $ 74,785 $ $ 844,905 $ 1,460,101 $ 6,123,161 $ 2,828,372 $ $ 236,426 $ 21,647 $ 824,636 $ 1,661,289 $ 88,870 32,947 $ 1,351,744 $ 7,761 26 1,100 1,167,082 74,785 74,785 325,322 21,647 824,636 2,836,132 1,100 278,076 278,076 34,080 485,503 1,438,454 5,298,525 519,583 1,438,454 5,298,525 31,847 1,351,744 31,847 1,351,744 (285,836) $ 74,785 $ 844,905 $ 1,460,101 $ 6,123,161 (285,836) $ 2,828,372 $ 32,947 $ 1,351,744 (continued on next page) 119 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2021 SPECIAL REVENUE FUNDS Children’s Clerk of the Clerk of Clerk of the Court 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 8,841 1 Receivables 2,901,154 5,123,102 75,235 301,456 $ 2,976,389 $ 5,424,558 $ 54,899 109,799 Due from other funds Due from other governmental units 316,136 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 8,841 $ 109,799 $ 316,137 LIABILITIES Accounts payable $ $ Employee compensation payable $ 18,952 1,182 $ 163,597 24,249 Accrued liabilities Due to other funds 90,847 316,136 109,799 316,136 Interest payable Special assessment debt with governmental commitment Unearned revenue Deposits held for other parties Contract retention payable Total liabilities 56,081 187,846 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax 68,356 Unavailable revenue – intergovernmental 68,356 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 8,841 2,920,308 5,236,712 2,920,308 5,236,712 2,976,389 $ 5,424,558 Committed (68,355) Unassigned 8,841 Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 8,841 120 (68,355) $ 109,799 $ 316,137 $ 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 $ $ 1,653,734 $ 765 768 $ 2,704 $ 7,522,967 $ 346,698 $ 2,132,131 167,399 109,802 553,037 468,735 $ 1,821,133 $ $ $ 765 $ 347,466 $ $ 471,439 $ 7,522,967 $ 2,241,933 $ $ 73,675 $ 3,785 $ 176,567 $ 51,860 48,254 8,005 360,972 765 553,037 11,351 164,298 342,805 34,088 1,714,539 765 51,860 516,989 1,882,622 184,572 354,156 5,640,345 2,057,361 198,881 5,640,345 2,057,361 198,881 48,672 48,672 1,821,133 295,606 1,821,133 295,606 (94,222) $ 1,821,133 $ 765 $ 347,466 (94,222) $ 471,439 $ 7,522,967 $ 2,241,933 $ 553,037 (continued on next page) 121 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2021 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 162,428 Receivables 871,131 3,895,195 9,974 16,325,700 14,569 39,061 Due from other funds Due from other governmental units 843,060 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 176,997 $ 871,131 $ 3,895,195 $ 9,974 $ 843,060 $ 16,365,811 $ $ LIABILITIES Accounts payable $ $ $ Employee compensation payable 53,813 $ 6,781 21,584 11,823 119,990 157,806 Accrued liabilities Due to other funds 409,546 Interest payable Special assessment debt with governmental commitment Unearned revenue 3,841,382 411,930 3,895,195 854,883 Deposits held for other parties Contract retention payable 6,781 Total liabilities 277,796 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax 431,697 Unavailable revenue – intergovernmental 431,697 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 176,997 864,350 9,974 Committed 16,088,015 (443,520) Unassigned 176,997 Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 176,997 $ 864,350 9,974 (443,520) 16,088,015 871,131 $ 3,895,195 $ 9,974 $ 843,060 $ 16,365,811 122 SPECIAL REVENUE FUNDS Expedited Child Support $ Flood Control $ 340 308,422 29,781,693 54,070 1,415,517 Flood Human Inmate Control Grants Services Grants Health Services $ $ 10,574 $ 53,995,841 29,142 Justice Court Inmate Services $ 13,136 Judicial Enhancement $ 862,569 13,218,028 4,177,539 1,971 30,767 63,169 20,846 1,218,106 10,994,416 581,514 297,889 694 811 $ 362,492 $ 31,779,875 $ 39,716 $ 64,990,951 $ 885,386 $ 14,777,926 $ $ 7,749 $ 1,577,442 $ 3,830 $ 7,652,098 $ 8,560 $ 370,434 $ 153,983 188,978 4,240,708 68,824 333 8,560 439,258 333 876,826 14,040,779 4,240,375 876,826 14,338,668 4,240,375 668 1,050 35,885 57,006,871 39,715 64,847,947 9,104 6,392,088 9,104 6,392,088 107,575 7,749 1,840,718 762,434 762,434 581,514 $ 354,743 28,595,209 354,743 29,176,723 362,492 $ 31,779,875 297,889 $ (9,103) (6,249,084) (9,103) (6,249,084) 39,716 $ 64,990,951 $ 885,386 $ 14,777,926 $ 4,240,708 (continued on next page) 123 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2021 SPECIAL REVENUE FUNDS Justice Justice Courts Courts Photo Enforcement Special Revenue Juvenile Justice Reinvestment Juvenile Juvenile Probation Probation Diversion Probation Grants Special Fees ASSETS Cash in bank and on hand $ $ $ $ $ 14,179 $ Cash and investments held by County Treasurer 8,226 Receivables 2,430,032 777,827 117,560 474,407 1,777 11,310 855,880 734,054 90,199 Due from other funds Due from other governmental units 38,002 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 8,226 $ 2,904,439 $ $ $ 779,604 $ 128,870 $ 908,061 $ $ $ 172,411 $ 824,253 LIABILITIES Accounts payable $ Employee compensation payable 35,597 Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue 369,103 Deposits held for other parties Contract retention payable 577,111 Total liabilities DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 8,226 2,904,439 779,604 128,870 330,950 824,253 8,226 2,904,439 779,604 128,870 330,950 824,253 8,226 $ 2,904,439 779,604 $ 128,870 Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 124 $ $ 908,061 $ 824,253 SPECIAL REVENUE FUNDS Lake Juvenile Restitution $ $ 132,738 Pleasant Law Recreation Services Library Fees 1,410 $ Library District 2,000 $ 2,090 2,377,164 1,539,547 17,005,122 5,669 110,629 1,742,934 Library Medical District Grants Examiner Grants $ $ 319,637 49,414 2,000 $ 132,738 $ $ 2,384,243 $ 1,652,176 $ 18,750,146 $ $ 61,079 $ 42,489 $ 916,689 $ 13,745 5,741 74,824 319,637 $ 51,414 $ 141,371 48,230 1,058,060 319,637 51,414 319,637 51,414 307,596 307,596 $ 132,738 2,309,419 1,603,946 17,384,490 132,738 2,309,419 1,603,946 17,384,490 132,738 $ 2,384,243 $ 1,652,176 $ 18,750,146 $ 319,637 $ 51,414 (continued on next page) 125 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2021 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 $ $ $ $ $ 300 $ Cash and investments held by County Treasurer Receivables 305,605 1,027,486 1,942 2,460 879 528,813 2,791,420 1,208 6,478 48,118 Due from other funds Due from other governmental units Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 307,547 $ $ 74,803 $ 1,029,946 $ 879 $ 530,021 $ 2,798,198 $ 48,118 $ 7,896 $ 123,603 $ 17,782 LIABILITIES Accounts payable $ Employee compensation payable 4,379 39,052 1,466 7,896 162,655 19,248 Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue 879 Deposits held for other parties Contract retention payable Total liabilities 74,803 4,379 879 232,744 1,025,567 522,125 2,635,543 28,870 232,744 1,025,567 522,125 2,635,543 28,870 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 $ 307,547 $ 1,029,946 126 $ 879 $ 530,021 $ 2,798,198 $ 48,118 SPECIAL REVENUE FUNDS Planning and Development Fees $ 300 Probate Fees $ Public Public Public Defender Fill the Gap Defender Grants Defender Training $ $ 32,030,730 155,996 547,885 88,209 39,933 1,324 $ 6,881,499 Public Public Health Fees $ 8,100 Health Grants $ Recorder’s Surcharge $ 278,683 7,012,618 3,849,784 68,054 130,267 8,997 20,338,493 $ 32,119,239 $ $ 481,461 $ 195,929 $ $ 91,635 549,209 530 8,043 $ 6,881,499 $ 346,737 $ $ 2,794 7,504 3,727 1,110 459,397 591,964 $ 7,610,382 $ 20,930,457 $ 3,858,781 $ 262,412 $ 3,167,703 $ 371,767 38,538 245,692 23,194 10,800,859 911,462 6,873,996 4,624,350 312,748 1,797,306 8,573 6,885,227 3,904 300,950 18,838,604 394,961 8,959,673 8,959,673 459,397 195,929 540,636 195,929 540,636 (3,728) 549,209 $ 6,881,499 591,964 342,833 6,850,035 3,463,820 342,833 7,309,432 (6,867,820) 346,737 $ 7,610,382 $ 20,930,457 30,321,933 (3,728) 30,321,933 $ 32,119,239 $ 195,929 $ (7,459,784) $ 3,463,820 $ 3,858,781 (continued on next page) 127 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2021 SPECIAL REVENUE FUNDS School Sheriff Communication Expense School Grants School Transportation Sheriff Donations Sheriff Grants Jail Enhancement ASSETS Cash in bank and on hand $ $ $ $ $ 17,051 $ Cash and investments held by County Treasurer Receivables 3,039,490 611,366 6,562 1,396 445,766 1,217,225 2,753,809 146,376 Due from other funds Due from other governmental units 2,724,656 887,960 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 3,046,052 $ 2,724,656 $ 612,762 $ $ 1,428,035 $ 504,382 $ 459 $ 445,766 $ 2,122,236 $ 2,900,185 $ $ LIABILITIES Accounts payable Employee compensation payable 5,239 27,453 595,304 6,183 25,222 Accrued liabilities Due to other funds 1,913,360 Interest payable Special assessment debt with governmental commitment Unearned revenue 315,256 1,509,880 Deposits held for other parties 1,745 Contract retention payable 2,760,451 1,433,274 Total liabilities 459 2,130,406 7,928 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 2,724,656 499,362 2,724,656 499,362 FUND BALANCES Nonspendable Restricted 1,612,778 612,303 445,766 2,892,257 612,303 445,766 (507,532) 2,892,257 445,766 $ 2,122,236 $ 2,900,185 Committed (507,532) Unassigned 1,612,778 Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 3,046,052 (2,760,451) $ 2,724,656 128 $ 612,762 $ SPECIAL REVENUE FUNDS Spousal Sheriff RICO $ 60,000 Superior Sheriff Small Maintenance Spur Cross Street Court Towing and Impound School Service Enforcement Enhancement Ranch Conservation Lighting District Building Repair $ $ 3,353 $ 219,888 $ 200 178,147 632,010 11,227 1,465 $ $ 4,411,502 1,144,627 2,617 31,191 $ 91,191 $ $ 579 $ 3,353 $ 219,888 $ $ 189,374 $ $ 633,675 $ 4,411,502 $ 1,147,244 $ 43,099 $ 433,710 $ 121,939 1,490 1,024 1,264 5,643 1,490 1,024 44,363 433,710 121,939 85,548 1,863 218,864 189,374 589,312 3,977,792 1,025,305 85,548 1,863 218,864 189,374 589,312 3,977,792 1,025,305 5,064 $ 91,191 $ 3,353 $ 219,888 $ 189,374 $ 633,675 $ 4,411,502 $ 1,147,244 (continued on next page) 129 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2021 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 $ 9,541 $ 4,598 $ $ 2,352 Cash and investments held by County Treasurer 25,590 Receivables 109,798 866,341 3,006,487 45,367 501,218 205,902 Due from other funds Due from other governmental units 378,972 1,640,362 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 119,339 $ 409,160 $ 911,708 $ $ 102,683 $ 53,223 $ 3,510,057 $ 205,902 $ 1,640,362 $ $ LIABILITIES Accounts payable $ Employee compensation payable 26,093 23,709 489 150,804 2,352 Accrued liabilities Due to other funds 52,421 92,842 Interest payable Special assessment debt with governmental commitment Unearned revenue 301,879 1,396,715 Deposits held for other parties Contract retention payable 428,271 78,514 Total liabilities 53,223 2,841 1,640,361 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources 53,823 712,676 53,823 712,676 FUND BALANCES Nonspendable 40,825 Restricted 858,485 3,507,216 205,902 858,485 3,507,216 205,902 (712,675) 3,510,057 $ 205,902 $ 1,640,362 Committed (72,934) Unassigned 40,825 Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 119,339 (712,675) (72,934) $ 409,160 130 $ 911,708 $ SPECIAL REVENUE FUNDS Transportation Operations $ Victim Victim Compensation Interest Compensation Restitution $ $ Victim Location $ 55,061,744 915,728 1,108,819 287,873 2,084 2,534 Waste Management $ 29,065 Waste Tire $ 500 Total $ 7,665,566 487,235 1,744,890 319,287,876 64,999 4,004 7,793,930 1,363,869 66,405,870 22,714,761 868,003 2,832,847 694 1,277,531 811 $ 78,933,075 $ $ 6,169,146 $ 917,812 $ 1,111,353 $ $ 145,587 $ 29,065 $ 552,234 $ $ 3,113,263 $ 405,264,431 $ 509,958 $ 29,600,351 330,594 1,491 2,072,965 1,794 15,455,983 6,000 79,262,195 2,569,917 4,597,204 109,320 9,075,657 145,587 511,449 131,099,812 1,070,030 20,229,814 21,299,844 868,003 2,832,847 68,989,415 917,812 965,766 29,065 552,234 2,601,814 222,523,992 46,409,948 (18,902,012) 69,857,418 $ 78,933,075 917,812 $ 917,812 965,766 $ 1,111,353 29,065 $ 29,065 552,234 $ 552,234 2,601,814 $ 3,113,263 252,864,775 $ 405,264,431 (continued on next page) 131 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2021 CAPITAL PROJECTS FUNDS Detention Flood Library Detention Technology Control District Sheriff Mash Capital Projects Capital Projects Capital Projects Capital Improvement Capital Donation Fund ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 62,627,886 791,477 97,534,718 10,329,429 Receivables 275,147 23,606 Due from other funds Due from other governmental units Inventories Miscellaneous 273,288 Cash and investments held by trustee – restricted Total assets $ 62,627,886 $ $ $ 791,477 $ 97,808,006 $ 10,353,035 $ 275,147 LIABILITIES Accounts payable 30,061 $ 4,129,437 $ $ 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 17,243 885,011 47,304 5,014,448 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 62,580,582 791,477 92,793,558 10,353,035 275,147 62,580,582 791,477 92,793,558 10,353,035 275,147 Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 62,627,886 $ 791,477 132 $ 97,808,006 $ 10,353,035 $ 275,147 CAPITAL PROJECTS FUNDS Total Special Technology Transportation Improvement Districts Capital Improvement Capital Projects $ $ 1,083,817 $ 84,624,633 Nonmajor Governmental Funds Total $ $ 7,665,566 70,252,113 327,519,220 646,807,096 49,569 73,175 7,867,105 66,405,870 2,832,847 273,288 1,550,819 811 $ 1,083,817 $ 84,624,633 $ 70,301,682 $ 327,865,683 $ 733,130,114 $ 30,744 $ 1,758,442 $ 11,739,927 $ $ 47,288,962 17,688,611 2,072,965 450 450 2,244 15,455,983 79,262,195 31,194 10,388 194,858 1,107,500 4,597,204 1,216,820 1,768,830 11,934,785 18,796,561 149,896,373 1,070,030 20,229,814 21,299,844 2,832,847 1,052,623 58,366,897 226,213,319 448,737,311 82,855,803 129,265,751 (18,902,012) 58,366,897 309,069,122 561,933,897 70,301,682 $ 327,865,683 82,855,803 1,052,623 $ 1,083,817 82,855,803 $ 84,624,633 $ 133 $ 733,130,114 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds Year Ended June 30, 2021 SPECIAL REVENUE FUNDS Adult Probation Fees Accommodation Schools Adult Probation Grants Air Quality Fees Air Quality Grants REVENUES Taxes $ $ $ $ Licenses and permits $ 13,238,007 Intergovernmental 5,840,208 1,994,919 Charges for services 7,698,774 Fines and forfeits 2,090,039 4,227,215 2,247 608,450 261,005 Special assessment Interest income 9,597 6,446 137 (6,873) 495,549 5,849,805 9,795,259 1,997,303 14,596,138 4,227,215 8,864,779 1,971,492 14,188,349 3,829,819 Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education 6,308,045 Debt service: Principal Interest 51,516 Capital outlay Total expenditures 6,308,045 8,864,779 1,971,492 14,188,349 3,881,335 (458,240) 930,480 25,811 407,789 345,880 (458,240) 930,480 25,811 407,789 345,880 303,670 2,308,522 (69,902) 10,367,955 (382,007) 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, 2020 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2021 $ (154,570) $ 3,239,002 134 $ (44,091) $ 10,775,744 $ (36,127) SPECIAL REVENUE FUNDS Animal Control License/ Shelter Animal Control Grants $ $ Cactus League Operations Ballpark Operations $ 7,613,430 $ 3,842,556 CDBG Housing Trust $ Check Enforcement Program $ Child Support Enhancement $ 250,000 345,363 6,535,583 5,284,408 105,247 909 345,363 29,449 1,349 383,450 (8,507) (4,177) 2,623 857 (243) 13,283,546 241,493 3,838,379 6,538,206 30,306 105,004 4,431 336,905 14,343,125 6,819,706 1,654,185 3,842,556 71,746 336,905 14,414,871 1,654,185 3,842,556 6,819,706 4,431 8,458 (1,131,325) (1,412,692) (4,177) (281,500) 25,875 105,004 1,120,332 1,120,332 8,458 (10,993) (1,412,692) (4,177) (281,500) 25,875 105,004 (8,458) 567,411 2,851,146 5,302,702 (4,336) 5,972 1,246,740 (36,835) $ $ 519,583 $ 1,438,454 $ 5,298,525 $ (285,836) $ 31,847 $ 1,351,744 (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, 2021 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 1,114,400 Charges for services 146 1,901,405 815,967 3,241,841 81 (2,512) (1,671) (1,298) 227 1,898,893 1,114,400 814,296 3,240,543 1,898,893 1,037,593 831,956 3,103,838 1,898,893 1,037,593 831,956 3,103,838 227 76,807 (17,660) 136,705 227 76,807 (17,660) 136,705 8,614 (145,162) 2,937,968 5,100,007 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 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, 2020 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2021 $ 8,841 $ $ 136 (68,355) $ 2,920,308 $ 5,236,712 SPECIAL REVENUE FUNDS Conciliation Court Fees $ Correctional Health Grants $ County Attorney Fill the Gap $ County Attorney Grants $ 150,489 County Attorney RICO $ Court Document Retrieval $ Criminal Justice Enhancement $ 5,636,337 1,761,938 905,843 1,431,090 1,177,070 1,833,445 (421) 765 3,006,648 4,378 1,761,517 3,157,902 1,435,468 1,524,000 58,689 3,600 193 (2,521) 5,636,337 1,895,734 1,177,263 903,322 1,403,390 5,454,725 218,553 1,123,779 737,621 3,157,420 $ 1,524,000 3,157,420 1,403,390 5,454,725 218,553 1,123,779 737,621 237,517 482 32,078 181,612 1,677,181 53,484 165,701 237,517 482 32,078 181,612 1,677,181 53,484 165,701 1,583,616 (482) 263,528 (275,834) 3,963,164 2,003,877 33,180 (94,222) $ 5,640,345 1,821,133 $ $ 295,606 $ $ 2,057,361 $ 198,881 (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, 2021 SPECIAL REVENUE FUNDS Domestic Relations Mediation Education Educational Supplemental Program Emancipation Administrative Costs Elections Grants Emergency Management REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 440,219 Charges for services 4,413,847 917,330 162,021 929 232,976 Fines and forfeits Special assessment Interest income 1,503 7,652 33,933 89 163,524 447,871 4,447,780 1,018 Miscellaneous Total revenues 1,150,306 EXPENDITURES Current: General government 4,004,955 Public safety 145,152 1,366,096 Highways and streets Health, welfare and sanitation Culture and recreation Education 23,450 Debt service: Principal Interest 442,825 Capital outlay Total expenditures 145,152 23,450 18,372 424,421 1,018 (215,790) 18,372 424,421 1,018 (215,790) 158,625 439,929 8,956 (227,730) 4,447,780 1,366,096 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, 2020 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2021 $ 176,997 $ 864,350 138 $ $ 9,974 $ (443,520) SPECIAL REVENUE FUNDS Environmental Services Environmental Health $ Expedited Child Support $ Flood Control Grants Flood Control $ 16,711,699 75,081,756 $ Human Services Grants $ Inmate Health Services Inmate Services $ $ 694,475 224,798 6,414,544 135,499 58,323,704 574,666 266,934 12,981,537 691 5,191 3,068 267,625 12,989,796 209,263 10,368,942 12,080 (1,485) 37,650 2,845 (91,610) 725,705 23,174,488 577,511 76,635,124 135,499 522,972 31,695,510 144,602 400 58,324,104 20,826,442 61,644,673 814,945 334,386 15,998 21,160,828 522,972 32,510,455 144,602 61,660,671 209,263 10,368,942 2,013,660 54,539 44,124,669 (9,103) (3,336,567) 58,362 2,620,854 (3,150,229) 58,362 2,620,854 (3,098,855) 818,464 11,582,267 76,930 186,338 (45,985,879) 76,930 (45,985,879) 2,090,590 54,539 (1,861,210) 13,997,425 300,204 30,926,506 186,338 (9,103) 111,427 $ 16,088,015 $ 354,743 $ 29,176,723 135,547 $ (9,103) $ (6,249,084) $ 876,826 $ 14,338,668 (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, 2021 SPECIAL REVENUE FUNDS Justice Court Judicial Enhancement Justice Courts Photo Enforcement $ $ Justice Courts Special Revenue Juvenile Probation Diversion Justice Reinvestment Juvenile Probation Grants REVENUES Taxes $ $ $ $ Licenses and permits Intergovernmental 776,798 Charges for services 3,124,142 5,378,735 Fines and forfeits 47,285 635,034 Special assessment Interest income 1,256 (13,227) 2,806 1,022 24,738 7,583 636,290 5,365,508 779,604 73,045 3,131,725 34,816 6,614,668 62,048 3,106,354 34,816 6,614,668 62,048 3,106,354 601,474 (1,249,160) 10,997 25,371 Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures 779,604 OTHER FINANCING SOURCES (USES) Transfers in Transfers out (33,347) Capital lease agreements (33,347) Total other financing sources (uses) Net change in fund balances 601,474 Fund balances (deficit), July 1, 2020 (1,249,160) 3,638,901 8,226 779,604 4,153,599 10,997 (7,976) 117,873 338,926 128,870 $ 330,950 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2021 $ 4,240,375 $ 8,226 140 $ 2,904,439 $ 779,604 $ SPECIAL REVENUE FUNDS Juvenile Probation Special Fees $ Lake Pleasant Recreation Services Juvenile Restitution $ $ Law Library Fees $ Library District Grants Library District $ 25,353,747 $ 427,056 121,745 4,464,435 1,275,988 Medical Examiner Grants $ 35,000 7,318 6,775,244 2,077,010 61,871 (252) 927 3,120 5,934 (9,635) (1,634) 407,208 2,198,503 4,047 4,470,369 1,266,353 33,023,492 35,000 29,193,430 35,000 2,161,036 423 7,741 998,097 7,741 3,327,857 433,184 2,161,036 37,467 4,047 1,129,094 3,761,041 998,097 30,322,524 709,328 268,256 2,700,968 35,000 7,741 33,347 (1,000,000) 33,347 $ (1,000,000) 37,467 37,394 709,328 (731,744) 2,700,968 786,786 95,344 1,600,091 2,335,690 14,683,522 824,253 $ 132,738 $ 2,309,419 $ 1,603,946 $ 17,384,490 $ $ (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, 2021 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 1,767,783 687,116 1,093 Charges for services 7,127,814 Fines and forfeits 65,677 Special assessment Interest income (3,306) (731) 62,371 686,385 414,642 691,180 6,749 40,679 (2,222) 28,350 1,093 47,428 7,153,942 1,093 20,267 6,863,354 1,093 20,267 7,086,127 27,161 67,815 Miscellaneous 1,767,783 Total revenues EXPENDITURES Current: General government 1,627,231 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest 222,773 Capital outlay Total expenditures 1,627,231 414,642 691,180 140,552 (352,271) (4,795) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 2,577 Transfers out (140,245) (54,000) (140,245) (51,423) Capital lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2020 307 (352,271) (4,795) 27,161 16,392 (307) 585,015 1,030,362 494,964 2,619,151 232,744 $1,025,567 522,125 $ 2,635,543 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2021 $ $ 142 $ $ 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 $ 11,235,121 300,375 294,973 9,653,625 445,569 967,932 201,828 51,778,564 7,500,906 34,076 (31) 35,733 91,466 1,476 6,871 38,943 2,447 12,840 (6,685) 3,095 11,000 294,942 21,050,021 447,045 974,803 339,318 217,115 7,497,316 51,789,564 12,512,226 391,980 806,126 341,691 165,966 8,103,610 55,781,943 294,807 270,040 68,855 294,807 12,782,266 391,980 806,126 341,691 165,966 8,172,465 55,781,943 135 8,267,755 55,065 168,677 (2,373) 51,149 (675,149) (3,992,379) 1,057 1,057 $ 135 8,267,755 55,065 168,677 (2,373) 51,149 (674,092) (3,992,379) 28,735 22,054,178 140,864 371,959 (1,355) 291,684 7,868,499 (2,963,613) 115,025 88,172 28,870 $ 30,321,933 $ 195,929 $ 540,636 $ (3,728) $ 342,833 $ 7,309,432 $ (6,867,820) (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, 2021 SPECIAL REVENUE FUNDS Recorder’s Surcharge School Communication Expense School Grants School Transportation Sheriff Donations REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 692,273 Charges for services 11,971,925 5,186,420 Fines and forfeits 19,531 Special assessment Interest income (2,551) (26,320) (14,697) 3,869 17,302 5,183,869 665,953 11,971,925 (14,697) 40,702 1,670,504 13,050,543 255,541 4,103,053 1,670,504 13,050,543 255,541 1,080,816 (1,004,551) (1,078,618) (270,238) 40,702 1,080,816 (1,004,551) (1,078,618) (270,238) 40,702 2,383,004 2,617,329 (1,681,833) 882,541 405,064 Miscellaneous Total revenues EXPENDITURES Current: General government 3,052,594 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal 386,059 Interest 14,797 649,603 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, 2020 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2021 $ 3,463,820 $ 1,612,778 144 $ (2,760,451) $ 612,303 $ 445,766 SPECIAL REVENUE FUNDS Sheriff Grants $ Sheriff Jail Enhancement $ 2,443,498 Sheriff Towing and Impound Sheriff RICO $ Small School Service $ $ 1,134,319 Spousal Maintenance Enforcement Enhancement Spur Cross Ranch Conservation $ $ Street Lighting District $ 109,657 38,378 123,935 331,708 378,682 4,357,486 5,714 63,750 (12,220) 34 2,551,340 1,122,133 2,144,546 500,157 486 60,509 2,105 1,909 285 4,500 46,173 378,682 60,995 111,762 125,844 336,493 4,403,659 137,638 135,792 123,058 5,228,248 213,823 87,587 529,602 1,043,621 241,044 2,674,148 1,543,778 378,682 (122,808) 37,166 135,792 87,587 123,058 250,989 5,228,248 (421,645) (74,797) 24,175 2,786 85,504 (824,589) 17,437 (421,645) (74,797) 24,175 2,786 85,504 (824,589) (524,969) 3,313,902 76,660 194,689 186,588 503,808 4,802,381 589,312 $ 3,977,792 140,245 140,245 $ (507,532) $ 2,892,257 85,548 $ 85,548 $ 1,863 $ 218,864 $ 189,374 $ (continued on next page) 145 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2021 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 3,394,540 Charges for services 1,901,405 930,372 495,050 5,400,274 1,384 105 438 4,224 241,163 Fines and forfeits Special assessment Interest income 14,370 Miscellaneous Total revenues 14,370 1,901,405 4,326,296 495,155 5,404,936 241,163 409,620 1,861,751 4,290,487 505,288 4,742,417 409,620 1,861,751 4,290,487 505,288 4,742,417 103,423 (395,250) 39,654 35,809 (10,133) 662,519 137,740 EXPENDITURES Current: General government 103,423 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 1,000,000 Transfers out Capital lease agreements Total other financing sources (uses) 1,000,000 Net change in fund balances 604,750 39,654 35,809 (10,133) 662,519 137,740 420,555 1,171 (108,743) 868,618 2,844,697 68,162 Fund balances (deficit), July 1, 2020 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2021 $ 1,025,305 $ 40,825 $ 146 (72,934) $ 858,485 $ 3,507,216 $ 205,902 SPECIAL REVENUE FUNDS Transportation Grants Transportation Operations Victim Compensation Interest Victim Compensation Restitution Victim Location Waste Management $ $ $ $ $ $ Waste Tire $ $ 104,278,059 4,109,193 1,316,344 Total 53,851,925 138,012,560 5,235,858 314,623,801 116,082 497,176 103,940,026 175,712 7,712,898 4,357,486 1,316,344 36,899 1,536,907 11,963 (1,868) 4,440 4,726 77,270 2,481 169,839 7,043,062 143,811,641 11,963 173,844 4,440 81,996 5,735,515 595,977,096 365 710,645 8,788,203 1,972,381 121,718,429 80,310,871 82,283,252 68,897 6,302,733 195,411,363 45,446,372 21,395,670 386,059 14,797 10,895,613 4,539,215 1,972,381 84,850,086 365 710,645 (656,037) 58,961,555 11,598 (536,801) 4,440 68,897 6,302,733 486,339,758 13,099 (567,218) 109,637,338 1,814,905 4,375,731 (49,097,601) 3,496,391 (96,311,072) 3,496,391 (43,786,305) (88,438,950) (656,037) 15,175,250 11,598 (536,801) 4,440 13,099 (567,218) 21,198,388 (56,638) 54,742,222 906,214 1,502,567 24,625 539,135 3,169,032 231,313,105 (60,054) $ (712,675) $ 69,857,418 353,282 $ 917,812 $ 965,766 $ 29,065 $ 552,234 $ 2,601,814 $ 252,864,775 (continued on next page) 147 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2021 CAPITAL PROJECTS FUNDS Detention Capital Projects Detention Technology Capital Improvement Flood Control Capital Projects Intergovernmental Capital Projects Library District Capital Improvement REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 1,201,720 Charges for services Fines and forfeits Special assessment Interest income 4 (8,993) 4 (8,993) 4 (8,993) Miscellaneous 1,201,720 Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest Capital outlay Total expenditures 781,153 33,312,759 781,153 33,312,759 (781,153) (32,111,039) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 3,009,170 Transfers out (2,439,649) (716,963) 45,985,879 Total other financing sources (uses) 569,521 (716,963) 45,985,879 (2,577) Net change in fund balances (211,632) (716,963) 13,874,840 (2,573) (8,993) 62,792,214 1,508,440 78,918,718 2,573 10,362,028 (2,577) Capital lease agreements Fund balances (deficit), July 1, 2020 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2021 $ 62,580,582 $ 791,477 148 $ 92,793,558 $ $ 10,353,035 CAPITAL PROJECTS FUNDS Sheriff Mash Capital Donation Fund $ Special Improvement Districts $ 133,436 Technology Capital Improvement $ Transportation Capital Projects $ Total Nonmajor Governmental Funds Total $ 133,436 $ 104,411,495 53,851,925 13,363,207 14,564,927 329,188,728 2,730,372 2,730,372 106,670,398 7,712,898 4,357,486 (5,416) 250,000 10,003 244,584 143,439 16,093,579 (4,402) 250,000 165,437 7,293,062 17,674,333 613,651,429 8,788,203 121,718,429 82,283,252 195,411,363 45,446,372 21,395,670 386,059 439,771 118,643 13,560,370 55,276,505 103,489,201 14,797 114,384,814 439,771 118,643 13,560,370 55,276,505 103,489,201 589,828,959 (195,187) 24,796 (13,560,370) (39,182,926) (85,814,868) 23,822,470 12,825,897 43,946,538 105,767,484 110,143,215 (32,306,656) (128,617,728) (29,147,467) 5,521,079 (10,800,491) 43,946,538 5,521,079 78,981,907 9,017,470 (9,457,043) (195,187) 24,796 (24,360,861) 4,763,612 (6,832,961) 14,365,427 470,334 1,027,827 107,216,664 53,603,285 315,902,083 547,215,188 353,282 $ 275,147 $ 1,052,623 $ 82,855,803 $ 58,366,897 149 $ 309,069,122 $ 561,933,897 150 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 8,180,644 $ 8,180,652 $ 7,698,774 $ (481,878) Fines and forfeits 2,438,935 2,438,940 2,090,039 (348,901) Interest income 28,280 10,647,859 28,267 10,647,859 6,446 9,795,259 (21,821) (852,600) 11,202,859 11,202,859 8,864,779 2,338,080 200,000 11,402,859 200,000 11,402,859 8,864,779 200,000 2,538,080 Excess (deficiency) of revenues under expenditures (755,000) (755,000) 930,480 1,685,480 Net change in fund balances (755,000) (755,000) 930,480 1,685,480 995,967 240,967 995,967 240,967 2,308,522 3,239,002 1,312,555 2,998,035 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 151 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 2,000 $ 2,004 $ Interest income Intergovernmental Total revenues 2,247 $ 243 137 137 2,339,560 2,341,560 2,681,079 2,683,083 1,994,919 1,997,303 (686,160) (685,780) 2,341,560 2,341,560 2,683,083 2,683,083 1,971,492 1,971,492 711,591 711,591 25,811 25,811 EXPENDITURES Current: Public safety Total expenditures Excess of revenues under expenditures Net change in fund balances 25,811 25,811 Fund balance (deficit), July 1, 2020 (69,902) (44,091) (69,902) (44,091) Fund balance (deficit), June 30, 2021 $ $ 152 $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 538,100 Fines and forfeits $ 350,100 Interest income 538,104 $ 350,100 608,450 $ 261,005 70,346 (89,095) 200,000 199,997 (6,873) (206,870) Licenses and permits 11,547,621 11,547,624 13,238,007 1,690,383 Miscellaneous 53,500 12,689,321 53,496 12,689,321 495,549 14,596,138 442,053 1,906,817 18,665,279 280,000 18,665,271 280,008 14,188,349 4,476,922 280,008 Total expenditures 18,945,279 18,945,279 14,188,349 4,756,930 Excess (deficiency) of revenues over expenditures (6,255,958) (6,255,958) 407,789 6,663,747 Total revenues EXPENDITURES Current: Health, welfare, and sanitation Capital outlay Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ (6,255,958) (6,255,958) 407,789 6,663,747 11,691,979 5,436,021 11,691,979 5,436,021 10,367,955 10,775,744 (1,324,024) 5,339,723 153 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 5,120,076 5,120,076 $ 5,120,076 5,120,076 $ 4,227,215 4,227,215 $ (892,861) (892,861) EXPENDITURES Current: Health, welfare, and sanitation Capital outlay Total expenditures 5,008,076 5,008,068 3,829,819 1,178,249 112,000 5,120,076 112,008 5,120,076 51,516 3,881,335 60,492 1,238,741 345,880 345,880 345,880 345,880 Excess of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2020 Fund deficit, June 30, 2021 (798,920) $ (798,920) 154 (798,920) $ (798,920) (382,007) $ (36,127) 416,913 $ 762,793 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 250,000 250,000 $ 315,000 315,000 $ 345,363 345,363 $ 30,363 30,363 EXPENDITURES Current: Health, welfare, and sanitation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2020 Fund balance (deficit), June 30, 2021 $ 344,959 344,959 409,959 409,959 336,905 336,905 73,054 73,054 (94,959) (94,959) 8,458 103,417 (94,959) 158,254 63,295 (94,959) 158,254 63,295 8,458 (8,458) 103,417 (166,712) (63,295) 155 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 5,818,930 $ 6,582,631 $ 5,284,408 $ (1,298,223) Fines & Forfeit 1,183 1,188 909 (279) Interest income 8,500 4,495 1,349 (3,146) Licenses and permits 7,524,664 7,000,060 7,613,430 613,370 Miscellaneous 782,210 14,135,487 547,113 14,135,487 383,450 13,283,546 (163,663) (851,941) 17,199,298 17,211,605 14,343,125 2,868,480 Total expenditures 30,000 17,229,298 114,548 17,326,153 71,746 14,414,871 42,802 2,911,282 Deficiency of revenues under expenditures (3,093,811) (3,190,666) (1,131,325) 2,059,341 3,093,811 3,093,811 3,093,811 3,093,811 1,120,332 1,120,332 (1,973,479) (1,973,479) 337,968 (96,855) 337,968 (10,993) 567,411 85,862 229,443 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, 2020 Change in nonspendable resources: Decrease in inventories Fund balance, June 30, 2021 $ 337,968 156 $ 241,113 $ (36,835) 519,583 $ (36,835) 278,470 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Ballpark Operations Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 70,000 Licenses and permits $ 70,000 $ (8,507) $ (78,507) 250,000 250,000 250,000 320,000 320,000 241,493 (78,507) Total expenditures 2,750,000 2,750,000 2,750,000 2,750,000 1,654,185 1,654,185 1,095,815 1,095,815 Deficiency of revenues over expenditures (2,430,000) (2,430,000) (1,412,692) 1,017,308 Net change in fund balances (2,430,000) (2,430,000) (1,412,692) 1,017,308 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 2,800,063 370,063 157 $ 2,800,063 370,063 $ 2,851,146 1,438,454 $ 51,083 1,068,391 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Taxes Total revenues 150,000 $ 150,000 $ (4,177) $ (154,177) 6,500,000 6,650,000 6,500,000 6,650,000 3,842,556 3,838,379 (2,657,444) (2,811,621) 6,500,000 6,500,000 6,500,000 6,500,000 3,842,556 3,842,556 2,657,444 2,657,444 150,000 150,000 (4,177) (154,177) (154,177) EXPENDITURES Current: Culture and recreation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 150,000 150,000 (4,177) 5,110,319 5,260,319 5,110,319 5,260,319 5,302,702 5,298,525 158 $ $ $ 192,383 38,206 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest Income $ Intergovernmental Total revenues $ $ 2,623 $ 2,623 6,861,771 6,861,771 7,861,771 7,861,771 6,535,583 6,538,206 (1,326,188) (1,323,565) 6,861,771 7,861,771 6,819,706 1,042,065 6,861,771 7,861,771 6,819,706 1,042,065 (281,500) (281,500) (281,500) (281,500) EXPENDITURES Current: Health, welfare, and sanitation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2020 Fund balance (deficit), June 30, 2021 129,263 129,263 $ 159 $ 129,263 129,263 $ (4,336) (285,836) $ (133,599) (415,099) 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 31,133 Interest income Total revenues $ 31,265 $ 29,449 $ (1,816) 1,132 32,265 1,000 32,265 857 30,306 (143) (1,959) 32,265 32,265 32,265 32,265 4,431 4,431 27,834 25,875 25,875 25,875 25,875 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 4,322 4,322 $ 160 $ 4,322 4,322 $ 5,972 31,847 27,834 $ 1,650 27,525 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 28,872 Interest income Total revenues $ 28,000 2,128 31,000 3,000 31,000 5,000 5,000 5,000 5,000 26,000 26,000 $ 105,247 $ (243) 105,004 77,247 (3,243) 74,004 EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 5,000 5,000 105,004 79,004 26,000 26,000 105,004 79,004 1,263,198 1,289,198 1,263,198 1,289,198 1,246,740 1,351,744 (16,458) 62,546 161 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest Income Total revenues 1,815,870 $ 1,901,405 $ 1,901,405 $ (1,000) 1,814,870 (1,000) 1,900,405 (2,512) 1,898,893 (1,512) (1,512) 1,814,870 1,814,870 1,900,405 1,900,405 1,898,893 1,898,893 1,512 1,512 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ $ 162 $ $ 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, 2021 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 $ 1,114,400 1,114,400 $ (300,632) (300,632) EXPENDITURES Current: Public safety 1,415,032 1,415,032 Total expenditures 1,415,032 1,415,032 Excess of revenues over expenditures 1,037,593 1,037,593 377,439 377,439 76,807 76,807 Net change in fund balances 76,807 76,807 Fund balance (deficit) July 1, 2020 (145,162) (68,355) (145,162) (68,355) Fund balance (deficit) June 30, 2021 $ $ 163 $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 738,750 Interest income $ 738,744 $ 815,967 $ 77,223 11,250 750,000 11,256 750,000 (1,671) 814,296 (12,927) 64,296 Total expenditures 1,510,000 1,510,000 1,510,000 1,510,000 831,956 831,956 678,044 678,044 Deficiency of revenues over expenditures (760,000) (760,000) (17,660) 742,340 Total revenues EXPENDITURES Current: Public safety Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ (760,000) (760,000) (17,660) 742,340 2,293,040 1,533,040 2,293,040 1,533,040 2,937,968 2,920,308 644,928 1,387,268 164 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 2,797,447 $ 2,797,451 $ 3,241,841 $ 444,390 16,000 2,813,447 15,996 2,813,447 (1,298) 3,240,543 (17,294) 427,096 Public safety 4,464,630 5,303,447 3,103,838 2,199,609 Capital Outlay Total expenditures 1,188,817 5,653,447 350,000 5,653,447 3,103,838 350,000 2,549,609 Excess (deficiency) of revenues over expenditures (2,840,000) (2,840,000) 136,705 2,976,705 Net change in fund balances (2,840,000) (2,840,000) 136,705 2,976,705 4,422,038 1,582,038 4,422,038 1,582,038 5,100,007 5,236,712 Total revenues EXPENDITURES Current: Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 165 $ $ $ 677,969 3,654,674 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,581,970 $ 1,581,972 $ 1,761,938 $ 179,966 1,392 1,583,362 1,390 1,583,362 (421) 1,761,517 (1,811) 178,155 1,583,362 1,583,362 1,583,362 1,583,362 1,524,000 1,524,000 59,362 59,362 237,517 237,517 237,517 237,517 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 1,526,578 1,526,578 166 $ 1,526,578 1,526,578 $ 1,583,616 1,821,133 $ 57,038 294,555 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest Income $ Intergovernmental Miscellaneous Total revenues $ $ 765 $ 765 308,177 308,177 150,489 (157,688) 3,600,000 3,908,177 7,200,000 7,508,177 3,006,648 3,157,902 (4,193,352) (4,350,275) 3,908,177 3,908,177 7,508,177 7,508,177 3,157,420 3,157,420 4,350,757 4,350,757 482 482 482 (482) 482 42,052 42,534 EXPENDITURES Current: Health Welfare Total expenditures Excess of revenues over expenditures Net change in fund balances (42,534) (42,534) Fund deficit, July 1, 2020 Fund balance (deficit), June 30, 2021 $ 167 $ (42,534) (42,534) $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,417,019 $ 1,412,434 $ 1,431,090 $ 18,656 715 1,417,734 5,300 1,417,734 4,378 1,435,468 (922) 17,734 1,533,257 1,533,257 1,533,257 1,533,257 1,403,390 1,403,390 129,867 129,867 (115,523) (115,523) 32,078 147,601 (115,523) (115,523) 32,078 147,601 276,381 160,858 276,381 160,858 263,528 295,606 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 168 $ $ $ (12,853) 134,748 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 6,771,128 6,771,128 $ 6,792,348 6,792,348 $ 5,636,337 5,636,337 $ (1,156,011) (1,156,011) EXPENDITURES Current: Public safety 6,771,128 6,771,128 Total expenditures 6,792,348 6,792,348 Excess of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2020 Fund deficit, June 30, 2021 $ (1,950,343) (1,950,343) 169 $ (1,950,343) (1,950,343) $ 5,454,725 5,454,725 1,337,623 1,337,623 181,612 181,612 181,612 181,612 (275,834) (94,222) 1,674,509 1,856,121 $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 1,175,000 Interest income $ 87,579 1,175,000 $ $ 658,445 58,689 (28,890) 1,262,579 1,262,579 3,600 1,895,734 3,600 633,155 1,262,579 962,579 218,553 744,026 1,262,579 300,000 1,262,579 218,553 300,000 1,044,026 1,677,181 1,677,181 1,677,181 1,677,181 Miscellaneous Total revenues 1,833,445 87,579 EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 3,821,125 3,821,125 170 $ 3,821,125 3,821,125 $ 3,963,164 5,640,345 $ 142,039 1,819,220 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 1,050,000 $ 1,050,000 $ 1,177,070 $ 127,070 3,207 1,053,207 3,207 1,053,207 193 1,177,263 (3,014) 124,056 Total expenditures 1,553,207 1,553,207 1,553,207 1,553,207 1,123,779 1,123,779 429,428 429,428 Excess (deficiency) of revenues over expenditures (500,000) (500,000) 53,484 553,484 Total revenues EXPENDITURES Current: Public safety Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ (500,000) (500,000) 53,484 553,484 1,861,893 1,361,893 1,861,893 1,361,893 2,003,877 2,057,361 141,984 695,468 171 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues $ (4,800) $ (2,521) $ 2,279 1,025,637 1,025,637 1,030,437 1,025,637 905,843 903,322 (124,594) (122,315) 1,025,637 1,025,637 1,025,637 1,025,637 737,621 737,621 288,016 288,016 165,701 165,701 165,701 165,701 EXPENDITURES Current: Public safety Total expenditures Excess of revenues under expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 61,640 61,640 $ 172 $ 61,640 61,640 $ 33,180 198,881 $ (28,460) 137,241 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 192,996 $ 192,996 $ 162,021 $ (30,975) 554 193,550 554 193,550 1,503 163,524 949 (30,026) 193,550 193,550 193,550 193,550 145,152 145,152 48,398 48,398 18,372 18,372 18,372 18,372 EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 152,649 152,649 173 $ 152,649 152,649 $ 158,625 176,997 $ 5,976 24,348 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 1 $ 1 $ 7,652 $ 7,651 495,593 495,594 495,593 495,594 440,219 447,871 (55,374) (47,723) Total expenditures 788,907 788,907 788,907 788,907 23,450 23,450 765,457 765,457 Excess (deficiency) of revenues under expenditures (293,313) (293,313) 424,421 717,734 Intergovernmental Total revenues EXPENDITURES Current: Education Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ (293,313) (293,313) 424,421 717,734 2,445,098 2,151,785 2,445,098 2,151,785 439,929 864,350 (2,005,169) (1,287,435) 174 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Election Grants – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest Income $ $ 352,128 352,128 Intergovernmental Total revenues $ 33,933 $ 33,933 8,255,209 8,255,209 4,413,847 4,447,780 (3,841,362) (3,807,429) 7,903,081 4,004,955 3,898,126 352,128 8,255,209 442,825 4,447,780 (90,697) 3,807,429 EXPENDITURES General Government 352,128 352,128 Capital Outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 40 40 $ 175 $ 40 40 $ $ (40) (40) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Emergency Management – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 180,127 Interest Income $ 240,127 $ 232,976 $ (7,151) 400 396 924,027 1,104,554 1,650,650 1,891,173 917,330 1,150,306 (733,320) (740,867) 1,183,706 1,183,706 1,970,325 1,970,325 1,366,096 1,366,096 604,229 604,229 Deficiency of revenues under expenditures (79,152) (79,152) (215,790) (136,638) Net change in fund balances (79,152) (79,152) (215,790) (136,638) (16,280) (95,432) (16,280) (95,432) (227,730) (443,520) Intergovernmental Total revenues (396) EXPENDITURES Current: Public safety Total expenditures Fund deficit, July 1, 2020 Fund deficit, June 30, 2021 $ 176 $ $ $ (211,450) (348,088) 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 5,245,956 $ 5,245,944 $ 6,414,544 $ 1,168,600 Fines and forfeits 238,953 238,956 12,080 Interest income 95,134 95,136 (1,485) (96,621) 16,392,123 16,392,130 16,711,699 319,569 21,972,166 21,972,166 37,650 23,174,488 37,650 1,202,322 23,876,332 390,000 23,876,332 390,000 20,826,442 334,386 3,049,890 55,614 Total expenditures 24,266,332 24,266,332 21,160,828 3,105,504 Excess (deficiency) of revenues over expenditures (2,294,166) (2,294,166) 2,013,660 4,307,826 76,930 76,930 76,930 76,930 Licenses and permits Miscellaneous Total revenues (226,876) 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, 2020 Fund balance, June 30, 2021 $ (2,294,166) (2,217,236) 2,090,590 14,307,890 12,013,724 14,307,890 12,090,654 13,997,425 16,088,015 177 $ $ 4,307,826 $ (310,465) 3,997,361 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 635,784 $ 635,784 $ 574,666 $ (61,118) 1,716 637,500 1,716 637,500 2,845 577,511 1,129 (59,989) 637,500 637,500 637,500 637,500 522,972 522,972 114,528 114,528 54,539 54,539 EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 336,454 336,454 178 $ 336,454 336,454 $ 54,539 54,539 300,204 354,743 (36,250) 18,289 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Fund – Special Revenue Fund Year Ended June 30, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 1,500,000 $ 1,500,000 $ (91,610) $ (1,591,610) Intergovernmental 219,373 219,373 224,798 5,425 Licenses and permits 380,000 380,000 694,475 314,475 341,439 74,736,923 341,439 74,736,923 725,705 75,081,756 384,266 344,833 77,177,735 77,177,735 76,635,124 (542,611) 35,883,183 1,729,744 35,883,183 1,729,744 31,695,510 814,945 4,187,673 914,799 Total expenditures 37,612,927 37,612,927 32,510,455 5,102,472 Excess of revenues over expenditures 39,564,808 39,564,808 44,124,669 4,559,861 (45,985,879) (45,985,879) (45,985,879) (45,985,879) (45,985,879) (45,985,879) Miscellaneous Taxes Total revenues EXPENDITURES Current: Public safety Capital outlay OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2020 (6,421,071) (6,421,071) (1,861,210) 4,559,861 26,816,070 26,816,070 30,926,506 4,110,436 Change in nonspendable resources Increase in inventories Fund balance, June 30, 2021 $ 20,394,999 179 $ 20,394,999 $ 111,427 29,176,723 $ 111,427 8,781,724 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 100,000 100,000 Total revenues $ 130,000 130,000 $ 135,499 135,499 $ 5,499 5,499 EXPENDITURES Current: 120,000 185,000 144,602 40,398 120,000 185,000 144,602 40,398 Deficiency of revenues over expenditures (20,000) (55,000) (9,103) 45,897 Net change in fund balances (20,000) (55,000) (9,103) 45,897 45,799 25,799 45,799 (9,201) (9,103) (45,799) 98 Public safety Total expenditures Fund balance, July 1, 2020 Fund balance (deficit), June 30, 2021 $ 180 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 47,191,064 $ 100,024,136 $ Miscellaneous Total revenues 58,323,704 $ (41,700,432) 47,191,064 100,024,136 400 58,324,104 400 (41,700,032) 47,876,975 73,300 100,710,051 73,296 61,644,673 15,998 39,065,378 57,298 47,950,275 100,783,347 61,660,671 39,122,676 (759,211) (759,211) (3,336,567) (2,577,356) 759,211 759,211 186,338 (572,873) 759,211 759,211 186,338 (572,873) (2,507,796) (2,507,796) (3,150,229) (3,098,855) (3,150,229) (591,059) EXPENDITURES Current: Health, welfare, and sanitation Capital outlay Total expenditures Deficiency of revenues under expenditures OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund deficit, July 1, 2020 Fund deficit, June 30, 2021 $ (2,507,796) 181 $ (2,507,796) $ (6,249,084) $ (3,741,288) 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 376,868 10,404 Interest income $ 376,868 10,404 $ 266,934 691 $ (109,934) (9,713) 387,272 387,272 267,625 (119,647) 555,182 555,182 75,926 209,263 345,919 75,926 Total expenditures 555,182 631,108 209,263 421,845 Excess (deficiency) of revenues over expenditures (167,910) (243,836) 58,362 302,198 Net change in fund balances (167,910) (243,836) 58,362 302,198 695,417 527,507 695,417 451,581 818,464 876,826 123,047 425,245 Total revenues EXPENDITURES Current: Public safety Capital outlay Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 182 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Services Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 13,777,800 $ 13,777,800 $ 12,981,537 $ (796,263) Fines and forfeits Interest income 233,220 233,220 5,191 3,068 (228,029) 3,068 14,011,020 14,011,020 12,989,796 (1,021,224) 14,011,020 14,011,020 14,011,020 14,011,020 10,368,942 10,368,942 3,642,078 3,642,078 2,620,854 2,620,854 Miscellaneous Total revenues EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 10,445,122 10,445,122 2,620,854 2,620,854 11,582,267 1,137,145 Change in nonspendable resources Increase in inventories Fund balance, June 30, 2021 $ 10,445,122 183 $ 10,445,122 $ 135,547 14,338,668 $ 135,547 3,893,546 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Interest income Total revenues 729,839 7,344 $ 729,839 7,344 $ 635,034 1,256 $ (94,805) (6,088) 737,183 737,183 636,290 (100,893) 737,183 737,183 34,816 702,367 737,183 737,183 34,816 702,367 601,474 601,474 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 3,216,073 3,216,073 184 $ 3,216,073 3,216,073 $ 601,474 601,474 3,638,901 4,240,375 422,828 1,024,302 $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 6,784,801 20,616 $ 6,784,801 20,616 $ 5,378,735 (13,227) $ (1,406,066) (33,843) 6,805,417 6,805,417 5,365,508 (1,439,909) Total expenditures 7,005,417 7,005,417 7,005,417 7,005,417 6,614,668 6,614,668 390,749 390,749 Deficiency of revenues under expenditures (200,000) (200,000) (1,249,160) (1,049,160) (200,000) (200,000) (1,249,160) (1,049,160) 4,131,804 3,931,804 4,131,804 3,931,804 4,153,599 2,904,439 Total revenues EXPENDITURES Current: Public safety Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 185 $ $ $ 21,795 (1,027,365) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Reinvestment – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ $ Interest income 776,798 2,806 $ 776,798 2,806 779,604 779,604 Excess of revenues under expenditures 779,604 779,604 Net change in fund balances 779,604 779,604 Total revenues EXPENDITURES Current: Health, welfare and sanitation Total expenditures Fund balance, July 1, 2020 $ Fund balance, June 30, 2021 186 779,604 $ 779,604 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Diversion – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Miscellaneous Total revenues 124,708 $ 124,704 $ 47,285 $ (77,419) 4,200 27,048 4,204 27,048 1,022 24,738 (3,182) (2,310) 155,956 155,956 73,045 (82,911) 155,956 155,956 62,048 93,908 155,956 155,956 62,048 93,908 10,997 10,997 EXPENDITURES Current: Public safety Total expenditures Excess of revenues under expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 187 100,866 100,866 $ 100,866 100,866 $ 10,997 10,997 117,873 128,870 17,007 28,004 $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues 12,000 $ 12,000 $ 7,583 $ (4,417) 3,428,167 3,440,167 $ 3,428,167 3,440,167 $ 3,124,142 3,131,725 $ (304,025) (308,442) EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures 3,425,167 3,425,167 3,106,354 318,813 3,425,167 3,425,167 3,106,354 318,813 15,000 15,000 25,371 10,371 OTHER FINANCING USES Transfers out Total other financing uses (15,000) (15,000) (33,347) (18,347) (15,000) (15,000) (33,347) (18,347) (7,976) (7,976) 352,280 352,280 352,280 352,280 338,926 330,950 (13,354) (21,330) Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 188 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Fines and forfeits Interest income Total revenues 200,791 $ 200,796 $ 121,745 $ (79,051) 2,437,488 6,504 2,437,488 6,499 2,077,010 (252) (360,478) (6,751) 2,644,783 2,644,783 2,198,503 (446,280) EXPENDITURES Current: 3,240,793 3,240,793 2,161,036 1,079,757 Total expenditures 3,240,793 3,240,793 2,161,036 1,079,757 Excess (deficiency) of revenues under expenditures (596,010) (596,010) 37,467 633,477 Net change in fund balances (596,010) (596,010) 37,467 633,477 596,010 596,010 786,786 824,253 190,776 824,253 Public safety Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ $ 189 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Restitution Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Miscellaneous 927 3,120 $ 4,047 Total revenues 927 3,120 4,047 EXPENDITURES Current: Public safety Total expenditures 50,000 50,000 50,000 50,000 50,000 50,000 Excess (deficiency) of revenues under expenditures (50,000) (50,000) 4,047 54,047 15,000 15,000 15,000 15,000 33,347 33,347 18,347 18,347 72,394 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ (35,000) (35,000) 37,394 104,998 69,998 104,998 69,998 95,344 132,738 190 $ $ $ (9,654) 62,740 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 3,570,570 Interest income $ 3,586,706 $ 4,464,435 $ 877,729 43,886 27,750 5,934 (21,816) 3,614,456 3,614,456 4,470,369 855,913 4,364,456 145,000 4,347,456 162,000 3,327,857 433,184 1,019,599 (271,184) Total expenditures 4,509,456 4,509,456 3,761,041 748,415 Excess (deficiency) of revenues over expenditures (895,000) (895,000) 709,328 1,604,328 1,604,328 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ (895,000) (895,000) 709,328 1,261,272 366,272 1,261,272 366,272 1,600,091 2,309,419 191 $ $ $ 338,819 1,943,147 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,445,748 Fines and forfeits 1,445,748 $ 1,275,988 $ (169,760) 514 22,536 (9,635) (514) (32,171) 1,468,798 1,468,798 1,266,353 (202,445) 1,468,798 1,468,798 998,097 470,701 1,468,798 1,468,798 998,097 470,701 268,256 268,256 Interest income Total revenues $ 514 22,536 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, 2020 Fund balance, June 30, 2021 $ (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (1,000,000) (731,744) 2,364,427 1,364,427 2,364,427 1,364,427 2,335,690 1,603,946 192 $ $ 268,256 $ (28,737) 239,519 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 8,064,671 $ 8,064,708 $ 6,775,244 $ (1,289,464) Fines and forfeits 131,753 131,748 61,871 (69,877) Interest income 215,050 215,052 (1,634) (216,686) Intergovernmental 426,181 426,181 427,056 875 280,136 25,183,255 280,097 25,183,260 407,208 25,353,747 127,111 170,487 34,301,046 34,301,046 33,023,492 (1,277,554) 33,279,046 3,322,000 33,628,046 3,473,000 29,193,430 1,129,094 4,434,616 2,343,906 Total expenditures 36,601,046 37,101,046 30,322,524 6,778,522 Excess (deficiency) of revenues over expenditures (2,300,000) (2,800,000) 2,700,968 5,500,968 Net change in fund balances (2,300,000) (2,800,000) 2,700,968 5,500,968 11,940,422 9,640,422 11,940,422 9,140,422 14,683,522 17,384,490 2,743,100 8,244,068 Miscellaneous Taxes Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 193 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 75,000 $ 75,000 $ 35,000 $ (40,000) Miscellaneous 75,000 75,000 35,000 (40,000) Culture and recreation 75,000 75,000 35,000 40,000 Total expenditures 75,000 75,000 35,000 40,000 Total revenues EXPENDITURES Current: Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 341,387 341,387 $ 194 $ 341,387 341,387 $ $ (341,387) (341,387) 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ Intergovernmental Total revenues 57,000 84,494 $ 423 7,318 $ 423 (77,176) 57,000 84,494 7,741 (76,753) 27,000 30,000 54,494 30,000 7,741 46,753 30,000 57,000 84,494 7,741 76,753 EXPENDITURES Current: Health welfare and sanitation Capital outlay Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 14,604 14,604 $ 195 $ 14,604 14,604 $ $ (14,604) (14,604) 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous 2,500,000 3,395,397 $ 81,629,657 1,816,722 $ 1,767,783 $ (79,861,874) (1,816,722) 5,895,397 83,446,379 1,767,783 (81,678,596) General government (296,485) 75,365,104 1,627,231 73,737,873 Public safety 3,940,510 2,251,372 1,144,025 2,251,372 5,895,397 78,760,501 1,627,231 77,133,270 4,685,878 140,552 (4,545,326) (145,255) (145,255) (145,255) (145,255) (140,245) (140,245) 5,010 5,010 Net change in fund balances (145,255) 4,540,623 307 (4,540,316) Fund balance (deficit), July 1, 2020 2,476 (142,779) 2,476 4,543,099 (307) Total revenues EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures 1,144,025 2,251,372 OTHER FINANCING USES Transfers out Total other financing uses Fund balance, June 30, 2021 $ 196 $ $ $ (2,783) (4,543,099) 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ Interest income 111,405 11,078 $ 111,408 11,075 $ 65,677 (3,306) $ (45,731) (14,381) 122,483 122,483 62,371 (60,112) Total expenditures 422,483 422,483 422,483 422,483 414,642 414,642 7,841 7,841 Deficiency of revenues over expenditures (300,000) (300,000) (352,271) (52,271) Net change in fund balances (300,000) (300,000) (352,271) (52,271) 520,223 220,223 520,223 220,223 585,015 232,744 Total revenues EXPENDITURES Current: Public safety Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 197 $ $ $ 64,792 12,521 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Palo Verde Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues 4,200 687,116 $ 4,196 687,120 $ (731) 687,116 $ (4,927) (4) 691,316 691,316 686,385 (4,931) 691,316 691,316 691,180 136 691,316 691,316 691,180 136 (4,795) (4,795) (4,795) (4,795) EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 198 1,028,928 1,028,928 $ 1,028,928 1,028,928 $ 1,030,362 1,025,567 $ 1,434 (3,361) 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ 45,438 $ 1,093 $ (44,345) Miscellaneous 45,438 1,093 (44,345) Culture and recreation 45,438 1,093 44,345 Total expenditures 45,438 1,093 44,345 Total revenues EXPENDITURES Current: Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 199 34 34 $ 34 34 $ $ (34) (34) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Donations Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 11,500 38,674 Miscellaneous $ 9,202 40,972 $ 6,749 40,679 $ (2,453) (293) 50,174 50,174 47,428 (2,746) 55,490 110,000 55,490 110,000 20,267 35,223 110,000 Total expenditures 165,490 165,490 20,267 145,223 Excess (deficiency) of revenues over expenditures (115,316) (115,316) 27,161 142,477 Net change in fund balances (115,316) (115,316) 27,161 142,477 Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Fund balance, July 1, 2020 Fund balance, June 30, 2021 362,138 246,822 $ 200 $ 362,138 246,822 $ 494,964 522,125 $ 132,826 275,303 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Enhancement Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 6,507,189 Interest Income $ 6,551,099 $ 7,127,814 $ 576,715 92,705 48,795 (2,222) 28,350 (51,017) 28,350 6,599,894 6,599,894 7,153,942 554,048 7,794,881 500,000 7,794,881 500,000 6,863,354 222,773 931,527 277,227 Total expenditures 8,294,881 8,294,881 7,086,127 1,208,754 Excess (deficiency) of revenues over expenditures (1,694,987) (1,694,987) 67,815 1,762,802 Miscellaneous Total revenues EXPENDITURES Current: Culture and Recreation Capital Outlay OTHER FINANCING SOURCES (USES) Transfers In 27,581 27,581 2,577 (25,004) 27,581 (54,000) (26,419) (54,000) (51,423) (25,004) (1,667,406) (1,721,406) 16,392 1,737,798 2,040,696 373,290 2,040,696 319,290 2,619,151 2,635,543 Transfers out Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 201 $ $ $ 578,455 2,316,253 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Souvenir Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest Income 435,179 909 $ 325,597 110,491 $ 294,973 (31) $ (30,624) (110,522) 436,088 436,088 294,942 (141,146) Culture and Recreation 411,101 411,101 294,807 116,294 Total expenditures 411,101 411,101 294,807 116,294 Excess of revenues over expenditures 24,987 24,987 135 (24,852) (24,987) (24,987) (24,987) (24,987) 29,024 29,024 29,024 29,024 Total revenues EXPENDITURES Current: OTHER FINANCING USES Transfers out Total other financing uses (24,987) (24,987) Net change in fund balances Fund deficit, July 1, 2020 Fund balance, June 30, 2021 $ 202 $ $ 135 135 28,735 28,870 (289) (154) $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 5,246,559 $ 5,246,559 $ 9,653,625 $ 4,407,066 Fines and forfeits 25,705 25,705 34,076 8,371 Interest income 42,000 42,000 35,733 (6,267) 5,158,594 19,000 5,158,594 19,000 11,235,121 91,466 6,076,527 72,466 10,491,858 10,491,858 21,050,021 10,558,163 13,374,215 140,000 13,374,215 140,000 12,512,226 270,040 861,989 (130,040) Total expenditures 13,514,215 13,514,215 12,782,266 731,949 Excess (deficiency) of revenues over expenditures (3,022,357) (3,022,357) 8,267,755 11,290,112 11,290,112 Licenses and permits Miscellaneous Total revenues EXPENDITURES Current: Public safety Capital outlay Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 203 (3,022,357) (3,022,357) 8,267,755 20,163,428 17,141,071 20,163,428 17,141,071 22,054,178 30,321,933 $ $ $ 1,890,750 13,180,862 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Probate Fees Fund – Special Revenue Fund Year Ended June 30, 2021 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 $ 445,569 1,476 $ 54,769 276 392,000 392,000 447,045 55,045 EXPENDITURES Current: 467,000 467,000 391,980 75,020 Total expenditures 467,000 467,000 391,980 75,020 Excess (deficiency) of revenues over expenditures (75,000) (75,000) 55,065 130,065 130,065 Public safety Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 (75,000) (75,000) 55,065 144,594 144,594 140,864 $ 69,594 204 $ 69,594 $ 195,929 (3,730) $ 126,335 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 879,367 $ 879,367 $ Interest income Total revenues 967,932 6,871 $ 88,565 6,871 879,367 879,367 974,803 95,436 EXPENDITURES Current: 1,220,111 1,220,111 806,126 413,985 Total expenditures 1,220,111 1,220,111 806,126 413,985 Excess (deficiency) of revenues over expenditures (340,744) (340,744) 168,677 509,421 Net change in fund balances (340,744) (340,744) 168,677 509,421 Public safety Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 345,501 4,757 205 $ 345,501 4,757 $ 371,959 540,636 $ 26,458 535,879 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest Income $ Intergovernmental Total revenues 4,048,190 $ 4,048,190 $ 38,943 300,375 $ 38,943 (3,747,815) 4,048,190 4,048,190 339,318 (3,708,872) 4,048,190 4,048,190 341,691 3,706,499 4,048,190 4,048,190 341,691 3,706,499 (2,373) (2,373) EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2020 Fund balance (deficit), June 30, 2021 27,835 27,835 $ 206 $ 27,835 27,835 $ (2,373) (2,373) (1,355) (3,728) (29,190) (31,563) $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Miscellaneous Total revenues $ $ 2,447 $ 2,447 278,023 17,955 278,026 17,952 201,828 12,840 (76,198) (5,112) 295,978 295,978 217,115 (78,863) EXPENDITURES Current: 487,945 487,945 165,966 321,979 Total expenditures 487,945 487,945 165,966 321,979 Excess (deficiency) of revenues over expenditures (191,967) (191,967) 51,149 243,116 Net change in fund balances (191,967) (191,967) 51,149 243,116 Public safety Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 193,403 1,436 207 $ 193,403 1,436 $ 291,684 342,833 $ 98,281 341,397 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 7,643,571 Interest income $ 60,000 7,643,571 $ 7,500,906 $ (142,665) 60,000 (6,685) (66,685) 7,703,571 7,703,571 3,095 7,497,316 3,095 (206,255) 8,167,982 5,000 9,117,978 5,004 8,103,610 68,855 1,014,368 (63,851) Total expenditures 8,172,982 9,122,982 8,172,465 950,517 Deficiency of revenues under expenditures (469,411) (1,419,411) (675,149) 744,262 1,000 1,000 1,000 1,000 1,057 1,057 57 57 (468,411) (1,418,411) (674,092) 744,319 6,912,674 6,912,674 7,868,499 955,825 Miscellaneous 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, 2020 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2021 $ 6,444,263 208 $ 5,494,263 $ 115,025 7,309,432 $ 115,025 1,815,169 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, 2021 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 50,399,748 $ 65,623,348 $ Miscellaneous Total revenues 51,778,564 $ (13,844,784) 50,399,748 65,623,348 11,000 51,789,564 11,000 (13,833,784) 50,399,748 65,623,348 55,781,943 9,841,405 50,399,748 65,623,348 55,781,943 9,841,405 (3,992,379) (3,992,379) (3,992,379) (3,992,379) (2,963,613) 762,786 EXPENDITURES Current: Health, welfare, and sanitation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2020 (3,726,399) (3,726,399) Change in nonspendable resources: 88,172 Increase in inventories Fund deficit, June 30, 2021 $ (3,726,399) 209 $ (3,726,399) $ (6,867,820) 88,172 $ (3,141,421) 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 4,200,000 7,689 $ 4,200,000 7,689 $ 5,186,420 (2,551) $ 986,420 (10,240) 4,207,689 4,207,689 5,183,869 976,180 2,950,432 3,850,928 3,052,594 798,334 358,221 400,855 386,059 14,796 42,634 1,020,496 120,000 14,797 649,603 (14,797) (529,603) 4,371,783 4,371,783 4,103,053 268,730 (164,094) (164,094) 1,080,816 1,244,910 (164,094) (164,094) 1,080,816 1,244,910 EXPENDITURES Current: General government Debt service Debt service interest Capital Outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 1,438,472 1,274,378 210 $ 1,438,472 1,274,378 $ 2,383,004 3,463,820 $ 944,532 2,189,442 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 50,004 Interest income $ 50,004 $ $ (50,004) 1 1 (26,320) (26,321) 551,704 601,709 551,704 601,709 692,273 665,953 140,569 64,244 Total expenditures 900,900 900,900 2,328,935 2,328,935 1,670,504 1,670,504 658,431 658,431 Deficiency of revenues over expenditures (299,191) (1,727,226) (1,004,551) 722,675 (299,191) (1,727,226) (1,004,551) 722,675 2,660,370 2,361,179 2,660,370 933,144 2,617,329 1,612,778 Intergovernmental Total revenues EXPENDITURES Current: Education Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 211 $ $ $ (43,041) 679,634 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Grants Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest Income $ Intergovernmental 1 $ 1 $ $ (1) 17,971,371 17,971,372 17,971,371 17,971,372 11,971,925 11,971,925 (5,999,446) (5,999,447) 18,345,197 18,345,197 13,050,543 5,294,654 18,345,197 18,345,197 13,050,543 5,294,654 Deficiency of revenues under expenditures (373,825) (373,825) (1,078,618) (704,793) Net change in fund balances (373,825) (373,825) (1,078,618) (704,793) Fund balance (deficit), July 1, 2020 252,791 (121,034) 252,791 (121,034) (1,681,833) (2,760,451) (1,934,624) (2,639,417) Total revenues EXPENDITURES Current: Education Total expenditures Fund deficit, June 30, 2021 $ 212 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Transportation Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ Intergovernmental Total revenues $ (14,697) $ (14,697) 600,000 600,000 600,000 600,000 (14,697) (600,000) (614,697) 600,000 600,000 255,541 344,459 600,000 600,000 255,541 344,459 (270,238) (270,238) (270,238) (270,238) EXPENDITURES Current: Education Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 270,308 270,308 $ 213 $ 270,308 270,308 $ 882,541 612,303 $ 612,233 341,995 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Donations Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeit $ 38,513 Interest income Miscellaneous Total revenues $ 38,520 $ 19,531 $ (18,989) 20,428 16,059 20,424 16,056 3,869 17,302 (16,555) 1,246 75,000 75,000 40,702 (34,298) 65,625 94,375 65,628 94,372 65,628 94,372 160,000 160,000 160,000 (85,000) (85,000) EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 214 40,702 125,702 125,702 (85,000) (85,000) 40,702 377,876 292,876 377,876 292,876 405,064 445,766 $ $ $ 27,188 152,890 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Grants Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeit $ $ Interest income Intergovernmental $ $ 38,378 504 5,714 5,210 3,762,843 3,762,839 2,443,498 63,750 (1,319,341) 63,750 3,763,343 3,763,343 2,551,340 (1,212,003) 3,261,598 647,000 3,261,586 647,012 2,144,546 529,602 1,117,040 117,410 3,908,598 3,908,598 2,674,148 1,234,450 (145,255) (145,255) (122,808) 22,447 145,255 145,255 145,255 145,255 140,245 140,245 (5,010) (5,010) 17,437 17,437 (291,221) (291,221) (291,221) (291,221) (524,969) (507,532) (233,748) (216,311) Miscellaneous Total revenues 38,378 500 EXPENDITURES Current: Public safety Capital outlay Total expenditures Deficiency of revenues over expenditures OTHER FINANCING SOURCES Transfers In Total other financing sources Net change in fund balances Fund deficit, July 1, 2020 Fund deficit, June 30, 2021 $ 215 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental 94,183 $ 94,182 $ (12,220) $ (106,402) 1,005,923 1,005,924 1,134,319 34 128,395 34 1,100,106 1,100,106 1,122,133 22,027 1,100,106 3,300,000 1,100,106 3,300,000 500,157 1,043,621 599,949 2,256,379 Total expenditures 4,400,106 4,400,106 1,543,778 2,856,328 Deficiency of revenues under expenditures (3,300,000) (3,300,000) (421,645) 2,878,355 Net change in fund balances (3,300,000) (3,300,000) (421,645) 2,878,355 Miscellaneous Total revenues EXPENDITURES Current: Public safety Capital outlay Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 4,251,926 951,926 216 $ 4,251,926 951,926 $ 3,313,902 2,892,257 $ (938,024) 1,940,331 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff RICO Fund – Special Revenue Fund Year Ended June 30, 2021 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 $ 378,682 378,682 $ (144,969) (144,969) EXPENDITURES Current: Public safety 523,651 523,651 137,638 386,013 523,651 241,044 378,682 (241,044) 144,969 Capital Outlay 523,651 Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 62,619 62,619 $ 217 $ 62,619 62,619 $ 85,548 85,548 $ 22,929 22,929 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 600 59,400 Miscellaneous $ 600 59,400 $ 486 60,509 $ (114) 1,109 60,000 60,000 60,995 995 Total expenditures 135,793 135,793 135,793 135,793 135,792 135,792 1 1 Deficiency of revenues under expenditures (75,793) (75,793) (74,797) 996 Net change in fund balances (75,793) (75,793) (74,797) 996 77,550 1,757 77,550 1,757 76,660 1,863 (890) 106 Total revenues EXPENDITURES Current: Public safety Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 218 $ $ $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues 1 109,550 $ 1 109,550 $ 2,105 109,657 $ 2,104 107 109,551 109,551 111,762 2,211 109,551 109,551 87,587 21,964 109,551 109,551 87,587 21,964 24,175 24,175 24,175 24,175 EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 192,227 192,227 219 $ 192,227 192,227 $ 194,689 218,864 $ 2,462 26,637 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 107,500 500 Interest income Total revenues $ 107,500 500 $ 123,935 1,909 $ 16,435 1,409 108,000 108,000 125,844 17,844 EXPENDITURES Current: 148,000 148,000 123,058 24,942 Total expenditures 148,000 148,000 123,058 24,942 Excess (deficiency) of revenues over expenditures (40,000) (40,000) 2,786 42,786 Net change in fund balances (40,000) (40,000) 2,786 42,786 Public safety Fund balance, July 1, 2020 Fund balance, June 30, 2021 182,984 142,984 $ 220 $ 182,984 142,984 $ 186,588 189,374 $ 3,604 46,390 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 314,673 Interest income $ 317,200 $ 331,708 $ 14,508 8,527 6,000 285 4,500 (5,715) 4,500 323,200 323,200 336,493 13,293 293,476 40,000 293,476 40,000 213,823 37,166 79,653 2,834 Total expenditures 333,476 333,476 250,989 82,487 Excess (deficiency) of revenues over expenditures (10,276) (10,276) 85,504 95,780 Net change in fund balances (10,276) (10,276) 85,504 95,780 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 402,234 391,958 221 $ 402,234 391,958 $ 503,808 589,312 $ 101,574 197,354 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Total revenues 14,370 $ 14,370 14,370 14,370 EXPENDITURES Current: 1,000,000 1,372,082 409,620 962,462 Total expenditures 1,000,000 1,372,082 409,620 962,462 Deficiency of revenues under expenditures (1,000,000) (1,372,082) (395,250) 976,832 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 (372,082) 604,750 Public safety OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 42,048 42,048 $ 222 $ 42,048 (330,034) $ 420,555 1,025,305 976,832 $ 378,507 1,355,339 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,814,497 $ 1,913,985 $ 1,901,405 $ (12,580) 373 1,814,870 1,913,985 1,901,405 (12,580) 1,814,870 1,913,985 1,861,751 52,234 1,814,870 1,913,985 1,861,751 52,234 39,654 39,654 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 29,856 29,856 $ 223 $ 29,856 29,856 $ 39,654 39,654 1,171 40,825 (28,685) 10,969 $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,461,564 Interest income $ 1,461,564 $ 930,372 $ (531,192) 1,512 2,278 1,384 (894) Intergovernmental 4,074,745 4,142,434 3,394,540 (747,894) Miscellaneous 30,000 5,567,821 30,000 5,636,276 4,326,296 (30,000) (1,309,980) 5,567,821 5,636,276 4,290,487 1,345,789 5,567,821 5,636,276 4,290,487 1,345,789 35,809 35,809 Total revenues EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2020 Fund deficit, June 30, 2021 (40,624) (40,624) $ 224 $ (40,624) (40,624) $ 35,809 35,809 (108,743) (72,934) (68,119) (32,310) $ 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 495,411 $ 495,408 $ 495,050 $ (358) 29,316 524,727 29,319 524,727 105 495,155 (29,214) (29,572) EXPENDITURES Current: 1,049,727 1,049,727 505,288 544,439 Total expenditures 1,049,727 1,049,727 505,288 544,439 Deficiency of revenues over expenditures (525,000) (525,000) (10,133) 514,867 Net change in fund balances (525,000) (525,000) (10,133) 514,867 787,187 262,187 787,187 262,187 868,618 858,485 Public safety Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 225 $ $ $ 81,431 596,298 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 4,906,788 Interest income 4,907,552 $ 5,400,274 $ 492,722 4,992 19,736 438 4,224 (4,554) (15,512) 4,932,280 4,932,280 5,404,936 472,656 Miscellaneous Total revenues $ 4,996 20,496 EXPENDITURES Current: 5,503,125 5,503,125 4,742,417 760,708 Total expenditures 5,503,125 5,503,125 4,742,417 760,708 Excess (deficiency) of revenues over expenditures (570,845) (570,845) 662,519 1,233,364 1,233,364 Public safety Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ (570,845) (570,845) 662,519 2,372,904 1,802,059 2,372,904 1,802,059 2,844,697 3,507,216 226 $ $ $ 471,793 1,705,157 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Taxpayer Information Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ $ $ 241,163 $ 241,163 (125,000) 125,000 125,000 125,000 125,000 241,163 116,163 General government 125,000 125,000 103,423 21,577 Total expenditures 125,000 125,000 103,423 21,577 137,740 137,740 Miscellaneous Total revenues EXPENDITURES Current: Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 384,489 384,489 $ 227 $ 384,489 384,489 $ 137,740 137,740 68,162 205,902 (316,327) (178,587) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Grants Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 4,615,000 4,615,000 $ 4,615,000 4,615,000 $ 1,316,344 1,316,344 $ (3,298,656) (3,298,656) EXPENDITURES Current: Highways and streets 4,615,000 4,949,576 1,972,381 2,977,195 Total expenditures 4,615,000 4,949,576 1,972,381 2,977,195 (334,576) (656,037) (321,461) (334,576) (656,037) (321,461) (167,877) (502,453) (56,638) (712,675) Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2020 Fund deficit, June 30, 2021 (167,877) (167,877) $ 228 $ $ $ 111,239 (210,222) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Operations Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 10,000 $ 808,752 $ 116,082 $ (692,670) Interest income 1,475,653 1,475,653 36,899 (1,438,754) Intergovernmental 126,179,115 125,380,363 138,012,560 12,632,197 Licenses and permits 3,400,000 1,236,784 3,400,000 1,236,784 4,109,193 1,536,907 709,193 300,123 132,301,552 132,301,552 143,811,641 11,510,089 94,270,271 4,790,503 94,270,271 4,790,503 80,310,871 4,539,215 13,959,400 251,288 Total expenditures 99,060,774 99,060,774 84,850,086 14,210,688 Excess of revenues over expenditures 33,240,778 33,240,778 58,961,555 25,720,777 3,496,391 3,496,391 1,814,905 (49,097,601) 2,275,237 (43,786,305) 5,771,628 Miscellaneous Total revenues EXPENDITURES Current: Highways and streets Capital outlay OTHER FINANCING SOURCES (USES) Capital Lease Transfer in (51,372,838) 1,814,905 (51,372,838) Total other financing sources (uses) (51,372,838) (49,557,933) Net change in fund balances (18,132,060) (16,317,155) 15,175,250 31,492,405 58,017,518 58,017,518 54,742,222 (3,275,296) (60,054) (60,054) Transfers out Fund balance, July 1, 2020 Change in nonspendable resources: Decrease in inventories Fund balance, June 30, 2021 $ 39,885,458 229 $ 41,700,363 $ 69,857,418 $ 28,157,055 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 48,000 48,000 Total revenues $ 48,000 48,000 $ 11,963 11,963 $ (36,037) (36,037) EXPENDITURES Current: 142,472 142,472 365 142,107 Total expenditures 142,472 142,472 365 142,107 Excess (deficiency) of revenues over expenditures (94,472) (94,472) 11,598 106,070 106,070 Public safety Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 230 (94,472) (94,472) 11,598 912,078 817,606 912,078 817,606 906,214 917,812 $ $ $ (5,864) 100,206 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, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 175,000 50,000 Interest income Total revenues $ 200,000 25,000 $ 175,712 (1,868) $ (24,288) (26,868) 225,000 225,000 173,844 (51,156) 225,000 225,000 1,727,568 1,727,568 710,645 710,645 1,016,923 1,016,923 (1,502,568) (536,801) 965,767 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 1,742,368 1,742,368 231 $ (1,502,568) (536,801) 965,767 1,742,368 239,800 1,502,567 965,766 (239,801) 725,966 $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Location Fund – Special Revenue Fund Year Ended June 30, 2021 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 Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 232 $ 2,000 2,000 $ 2,000 4,440 4,440 2,440 2,440 2,000 2,000 4,440 22,486 24,486 24,625 29,065 $ 2,440 2,440 4,440 22,486 24,486 $ $ $ 2,139 4,579 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Management Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ Miscellaneous Total revenues 65,000 65,000 $ 4,726 77,270 $ 4,726 12,270 65,000 65,000 81,996 16,996 EXPENDITURES Current: 596,871 604,131 68,897 535,234 Total expenditures 596,871 604,131 68,897 535,234 Excess (deficiency) of revenues over expenditures (531,871) (539,131) 13,099 552,230 Net change in fund balances (531,871) (539,131) 13,099 552,230 564,738 32,867 564,738 25,607 539,135 552,234 Health welfare and sanitation Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 233 $ $ $ (25,603) 526,627 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Tire Fund – Special Revenue Fund Year Ended June 30, 2021 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Intergovernmental Total revenues 282,703 $ 282,708 $ 497,176 $ 214,468 12,656 5,529,641 12,660 5,529,632 2,481 5,235,858 (10,179) (293,774) 5,825,000 5,825,000 5,735,515 (89,485) 5,825,000 6,375,000 6,302,733 72,267 5,825,000 6,375,000 6,302,733 72,267 (550,000) (567,218) (17,218) EXPENDITURES Current: Health, welfare and sanitation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances 3,467,278 Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 3,467,278 234 $ (550,000) (567,218) (17,218) 3,467,278 3,169,032 (298,246) 2,917,278 $ 2,601,814 $ (315,464) 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Total revenues 54,707 54,707 $ 54,707 54,707 EXPENDITURES Debt service: Principal 64,155,000 64,155,000 64,155,000 Interest Total expenditures 7,831,203 71,986,203 7,831,203 71,986,203 7,831,203 71,986,203 Deficiency of revenues under expenditures (71,986,203) (71,986,203) (71,931,496) 54,707 98,331,505 98,331,505 (2,783,502) 92,758,839 (2,783,502) (5,572,666) Total other financing sources (uses) 98,331,505 95,548,003 89,975,337 (5,572,666) Net change in fund balances 26,345,302 23,561,800 18,043,841 (5,517,959) 4,957,496 4,957,496 5,843,536 OTHER FINANCING SOURCES (USES) Transfers In Transfers Out Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 31,302,798 235 $ 28,519,296 $ 23,887,377 886,040 $ (4,631,919) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Improvement Fund – Capital Projects Fund Year Ended June 30, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ (409,354) $ (409,354) Total revenues (409,354) (409,354) EXPENDITURES Debt Service General Government 11,251,260 11,947,397 Public Safety 326,356 153,711,518 326,352 155,078,578 77,387,777 326,352 77,690,801 Total expenditures 165,289,134 167,352,327 77,387,777 89,964,550 Deficiency of revenues under expenditures (165,289,134) (167,352,327) (77,797,131) 89,555,196 78,937,499 3,984,198 (1,672,145) 3,984,198 (1,672,145) 78,937,499 2,312,053 2,312,053 (86,351,635) 177,662,831 91,311,196 (165,040,274) 177,662,831 $ 12,622,557 (75,485,078) 179,198,181 103,713,103 Capital outlay 11,947,397 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 236 $ $ 89,555,196 1,535,350 91,090,546 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ 4,613,352 $ 3,905,203 $ 781,153 $ 3,124,050 Total expenditures 4,613,352 3,905,203 781,153 3,124,050 Deficiency of revenues under expenditures (4,613,352) (3,905,203) (781,153) 3,124,050 OTHER FINANCING SOURCES (USES) Transfers in 1,886,178 3,009,170 3,009,170 Transfers out (2,468,054) (581,876) (2,468,054) 541,116 (2,439,649) 569,521 28,405 28,405 (5,195,228) 58,461,135 53,265,907 (3,364,087) 58,461,135 55,097,048 (211,632) 62,792,214 62,580,582 3,152,455 4,331,079 7,483,534 Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 237 $ $ $ 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) OTHER FINANCING USES Transfers Out $ (716,963) $ (716,963) $ (716,963) Total other financing uses (716,963) (716,963) (716,963) Deficiency of revenues over expenditures (716,963) (716,963) (716,963) Net change in fund balances (716,963) 1,508,440 791,477 (716,963) 1,508,440 791,477 (716,963) 1,508,440 791,477 Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 238 $ $ $ $ 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 9,147,000 $ 9,147,000 $ 1,201,720 $ (7,945,280) 9,147,000 9,147,000 1,201,720 (7,945,280) 1,777,227 87,627,712 1,777,227 88,127,712 33,312,759 1,777,227 54,814,953 Total expenditures 89,404,939 89,904,939 33,312,759 56,592,180 Deficiency of revenues under expenditures (80,257,939) (80,757,939) (32,111,039) 48,646,900 45,985,879 45,985,879 45,985,879 Total other financing sources 45,985,879 45,985,879 45,985,879 Net change in fund balances (34,272,060) (34,772,060) 13,874,840 82,346,384 82,346,384 78,918,718 Total revenues EXPENDITURES Public Safety Capital outlay OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 48,074,324 239 $ 47,574,324 $ 92,793,558 48,646,900 (3,427,666) $ 45,219,234 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Culture and Recreation $ Capital outlay 420,627 12,155,415 $ 444,748 13,482,087 $ 9,426,595 $ 444,748 4,055,492 Total expenditures 12,576,042 13,926,835 9,426,595 4,500,240 Deficiency of revenues under expenditures (12,576,042) (13,926,835) (9,426,595) 4,500,240 OTHER FINANCING SOURCES (USES) Transfers in 11,738,399 77,258,067 77,258,067 Transfers out (83,635,746) (72,630,363) (72,387,804) 242,559 (71,897,347) 4,627,704 4,870,263 242,559 4,742,799 Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ (84,473,389) (9,299,131) (4,556,332) 475,092,680 475,092,680 477,825,903 390,619,291 240 $ 465,793,549 $ 473,269,571 2,733,223 $ 7,476,022 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 300,000 $ 300,000 $ (8,993) $ (308,993) Total revenues 300,000 300,000 (8,993) (308,993) Excess (deficiency) of revenues over expenditures 300,000 300,000 (8,993) (308,993) (308,993) Net change in fund balances Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 300,000 300,000 (8,993) 10,186,659 10,186,659 10,362,028 10,486,659 241 $ 10,486,659 $ 10,353,035 175,369 $ (133,624) 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 250,000 (5,416) 250,000 250,000 244,584 (5,416) $ Miscellaneous Total revenues $ $ (5,416) EXPENDITURES 925,000 704,509 439,771 264,738 Total expenditures 925,000 704,509 439,771 264,738 Excess (deficiency) of revenues over expenditures (925,000) (454,509) (195,187) 259,322 Net change in fund balances (925,000) (454,509) (195,187) 259,322 925,000 925,000 470,334 (454,666) Capital outlay Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ $ 242 470,491 $ 275,147 $ (195,344) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Technology Capital Improvement – Capital Projects Fund Year Ended June 30, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ $ $ $ Total revenues EXPENDITURES General Government 1,499,189 32,968,192 2,464,109 26,606,806 13,560,370 2,464,109 13,046,436 Total expenditures 34,467,381 29,070,915 13,560,370 15,510,545 Deficiency of revenues under expenditures (34,467,381) (29,070,915) (13,560,370) 15,510,545 5,521,079 5,521,079 Capital outlay OTHER FINANCING SOURCES (USES) Capital Lease Transfers in 12,825,897 (29,147,467) 12,825,897 (29,147,467) 12,825,897 (29,147,467) Total other financing sources (uses) (16,321,570) (16,321,570) (10,800,491) 5,521,079 Net change in fund balances (50,788,951) 112,373,918 (45,392,485) 112,373,918 (24,360,861) 107,216,664 21,031,624 (5,157,254) Transfers out Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 61,584,967 243 $ 66,981,433 $ 82,855,803 $ 15,874,370 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, 2021 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Intergovernmental 2,492,276 $ 2,492,276 $ 2,730,372 $ 238,096 19,227,677 21,719,953 19,227,677 21,719,953 13,363,207 16,093,579 (5,864,470) (5,626,374) 14,045,374 76,099,570 15,454,374 74,690,570 55,276,505 15,454,374 19,414,065 Total expenditures 90,144,944 90,144,944 55,276,505 34,868,439 Deficiency of revenues under expenditures (68,424,991) (68,424,991) (39,182,926) 29,242,065 43,946,538 43,946,538 43,946,538 Total other financing sources 43,946,538 43,946,538 43,946,538 Net change in fund balances (24,478,453) (24,478,453) 4,763,612 Total revenues EXPENDITURES Highway and Streets Capital outlay OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2020 Fund balance, June 30, 2021 $ 83,927,976 59,449,523 244 $ 83,927,976 59,449,523 $ 53,603,285 58,366,897 29,242,065 $ (30,324,691) (1,082,626) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects Year Ended June 30, 2021 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 – 441 301 - Administration Building Renovation – 442 Computer Aided Mass Appraisal Electronic Court Recording System Project Emergency Management Facility Equipment Services Center Buckeye Equipment Services Fueling Station Downtown Human Resources Information System Jail Management Information System Madison Street Jail Adaptation Phase MCSO Substation at Avondale Campus Project Reserve Radio System South Block Southeast Regional Justice Center at Mesa Superior Court Central Building Superior Court Central Building 11th Floor Total County Improvements General Fund County Improvements Adobe Dam - Compound Pump Station Adult Probation Southport Buckeye Hills Range Electric Entry Station and Maintenance Buildings Equipment Services - Fuel Stations Durango Equipment Services - Fuel Stations Surprise Hassayampa Lake Boundary Fencing Lake Pleasant - Boat Ramp Upgrades Lake Pleasant - Campsite Repairs and Renov Lake Pleasant - Water Storage Tank Upgrades Maricopa Regional Trail System Nav Aide Boathouse (Lake Pleasant) Superior Court Central Building Superior Court Central Building 12th Floor Superior Court Grand Jury at West Courts Trail Construction Vulture Day – Use Design/ Eng Vulture Mountain White Tank - Area 4 Renovations Total General Fund County Improvements Technology Capital Improvements Enterprise Res Planning System Infrastructure Refresh Ph II Public Safety Radio Refresh Treasurer Tech System Upgrade ULTIS Project Reserve Total Technology Capital Improvements $ $ $ 10,185,981 34,200,000 2,851,260 15,000,000 $ $ 704,509 704,509 $ $ 439,771 439,771 $ $ $ 16,774,162 34,200,000 3,547,397 15,000,000 10,000,000 1,000,000 2,700,000 4,000,000 6,121,682 888,272 16,443,156 $ 16,774,162 7,659,654 3,008,954 5,066,112 8,284,087 3,777 112,317 3,886,593 3,131,950 888,272 3,910,676 $ 3,700,000 4,000,000 5,148,473 7,678,984 $ $ $ $ $ 16,443,156 8,400,000 6,639,447 14,000,000 34,641,833 1,000,000 1,400,000 165,289,134 $ 51,880 300,805 475,006 59,255 1,086,842 641,930 54,531 440,623 93,035 1,326,985 388,500 200,984 16,715 4,431,493 1,350,000 657,060 136,944 163,454 500,000 200,000 12,576,042 $ 3,702,000 5,145,097 14,603,745 9,958,050 1,058,489 34,467,381 $ 245 $ $ 5,635,825 14,000,000 34,641,833 1,000,000 1,400,000 167,352,327 $ 3,272,993 13,993,195 6,522,537 843,887 28,611 77,387,777 26,540,346 538,443 9,933,888 1,715,913 996,223 2,587,683 113,407 2,989,732 12,532,480 $ 76,013 308,364 477,504 59,320 1,988,330 996,280 22,745 440,623 93,035 1,326,985 388,500 266,139 18,527 4,496,642 1,373,238 416,281 136,944 207,129 500,000 334,236 13,926,835 $ 3,702,000 5,021,229 9,331,147 9,958,050 1,058,489 29,070,915 $ 2,830,890 505,500 7,922,202 2,301,778 $ $ 13,560,370 $ $ 74,550 2,757 56,405 1,810,167 846,729 20,244 440,571 92,997 25,475 6,485 206,800 17,291 4,496,642 642,593 45,119 124,154 169,185 34,135 314,296 9,426,595 264,738 264,738 $ $ 2,362,832 6,805 28,119,296 156,113 1,371,389 89,964,550 1,463 305,607 477,504 2,915 178,163 149,551 2,501 52 38 1,301,510 382,015 59,339 1,236 730,645 371,163 12,790 37,944 465,865 19,940 4,500,240 871,110 4,515,729 1,408,945 7,656,272 1,058,489 15,510,545 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2021 CRIMINAL JUSTICE Detention Capital Projects Intake Transfer Release Jail Total Detention Capital Projects PUBLIC SAFETY Flood Control Capital Projects 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 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 Bulldog Floodway - Major Maintenance Casandro Wash Dam - Major Maintenance Cave Buttes Addl Land Cave Buttes Dam - Major Maintenance Cave Buttes Dam Mod Central Chandler Drainage Chandler Heights Basin Desert Awareness Park Galloway Wash Improvements Detention Basin at Town of Queen Creek East Park Downtown Buckeye Regional Basin and Storm Drain DRCC Avondale DRCC Elwood 75 to 107 $ $ 4,613,352 4,613,352 $ $ 3,905,203 3,905,203 $ $ 781,153 781,153 $ $ 3,124,050 3,124,050 $ 3,060,000 2,040,000 $ 1,030,000 1,546,000 $ 28,146 225,868 225,049 7,413 447,653 4,615,527 36,303 12,404 638,619 1,299 84 86 2,614 4,395 2,033 8,518,364 6,279 14,584 1,093 165,120 1,472 56 78,444 49 $ 1,001,854 1,320,132 (225,049) 1,555,587 669,760 (59,527) 14,363 412,596 10,175,381 (1,299) (84) 1,350,000 3,095,000 2,666,800 8,316,000 1,563,000 1,117,413 4,556,000 50,666 425,000 10,814,000 86 81 1,712,000 2,590,000 2,075,000 3,620,000 8,568,000 1,000 1,845,000 492,500 340,000 26,000 201,000 Dreamy Draw Dam – Major Maintenance East Fork Cave Creek - Major Maintenance East Maricopa Floodway Low Flow Channel East Maricopa Floodway - Major Maintenance East Mesa Drains - Major Maintenance EMF Low Flow - Chandler Heights to Hunt Highway EMF Low Flow - Guadalupe to Ray Road EMF Low Flow Germann to Chandler Heights (2,533) (4,395) (2,033) 49,636 (5,279) 1,830,416 491,407 174,880 24,528 200,944 (78,444) (49) 30,208 26,927 3,281 137,000 508,756 289,111 269,917 (152,111) 238,839 112 2,310 12,792 3,183 (112) (2,310) (12,792) (3,183) 64,864 435,136 1,575,000 (58,384) (12,396) 2,795,000 Flood Control CIP Flood Control West Yard Floodprone Prop Acquisition FPAP Ringe Fria River - Major Maintenance Golden Eagle Park Dam Debris Mitigation Improvements Granite Reef Wash Drainage Guadalupe FRS - Major Maintenance Guadalupe FRS Rehab Harquahala Erosion Harquahala Floodaway - Major Maintenance Hidden Valley Basins and Storm Drain Indian Bend Wash Collector and Side Drain Major Indian School Rd Drain - Major Maintenance Loop 303 Drainage 500,000 1,575,000 425,000 314,967 3,835,000 467,000 246 95,750 1,884,000 973,455 2,782,000 250,000 2,122,000 163,159 483,384 327,363 63 28,360 203,953 19,169 2,856,286 1,915,929 89 126,779 6,902 95,687 1,855,640 769,502 (19,169) (74,286) 250,000 206,071 163,070 (126,779) (6,902) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2021 PUBLIC SAFETY (cont.) Major Maintenance Capital Appr Unit Major Maintenance - Harquahala FRS Mandan Street Drainage Improvements McMicken Dam - Major Maintenance McMicken Dam Outlet Impr McMicken Dam Project McMicken Dam Rehab Phase 3 New River Channel - Major Maintenance Northern Prkwy Phase II Oak St Basin and St Dr Palm Ln and 30th St Palo Verde Drainage Improvements Paradise Ridge Channel Improvements Pass Mountain Inlet Improvements - Major Maintenance Pinnacle Peak Rd and 67th Ave Drainage Powerline Floodway - Major Maintenance Powerline FRS Channel Project Reserves Flood Prwder House Wash Realignment PVR Rehabilitation Rawhide Wash Flood Hazard Mitigation Reata Pass Drainage Improvements Reems Road Channel Major Maintenance Rittenhouse FRS - Major Maintenance Royal Shadows Drainage Improvement Program Salt River Channel - Major Maintenance Scatter Wash - Major Maintenance Signal Butte Floodway - Major Maintenance Signal Butte FRS - Major Maintenance Skunk Creek at I17 - Major Maintenance Small Project Assistance Prgm Somerset Circle Drainage Improvement Sonoqui Wash - Major Maintenance Sossaman Drain - Major Maintenance Sun City Drains Sun City Drains - Grand Delat Del Webb to Agua Fri Sun City Drains - Grand at 103rd to New River 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 Val Vista at the Eastern Canal Drainage Vineyard FRS - Major Maintenance Vista Drive Drainage Improvement Program Watson Drive and Bonarden Lane White Tanks 4 Outlet White Tanks 4 Rehab White Tanks FRS 3 Outfall Channel White Tanks FRS No 3 - Major Maintenance Total Flood Control 12,727 858,478 1,756,134 6,632 89,067 862,238 2,902 278 345,037 130,334 1,039 412 68,110 104,994 696,811 1,799,000 25,581,000 3,715,000 7,759,000 1,000,000 250,000 1,247 209,000 1,331,000 250,000 80,000 970,000 2,000,000 480,000 2,793 201,000 12,448,199 871,057 10,778,000 525,000 819,000 6,540,654 40,000 89,000 352 401,299 608,485 1,124 162 15,321 13,435 155,000 104,989 117,873 196 344 161,027 196,754 132 100,139 204,907 1,027,001 188,335 29,674 10,975,000 3,953 625 3,694 1,234,180 560 25,031 779 302 68,397 181,465 161 27,623 117 3,415,000 922 171,000 102,496 15,036 192,500 255,000 3,773,000 128,000 2,712 10,000 $ 90,581,857 $ 89,904,939 $ 2,252 598 2,734,289 201,937 618,910 23,040 33,312,759 $ 12,727 (858,478) 42,866 (6,632) 3,625,933 6,896,762 (2,902) 969 (136,037) 1,200,666 248,961 (412) 11,890 (104,994) (216,811) 2,793 112,000 12,448,199 (352) 417,701 5,932,169 38,876 (162) (1,886) 155,000 (12,884) (196) (212) (60,888) 8,153 1,027,001 184,382 29,049 (3,694) 2,180,820 (560) (25,031) 143 (302) (68,397) (10,465) (161) 74,873 (117) 15,036 190,248 254,402 1,038,711 (73,937) (616,198) (23,040) 56,592,180 HIGHWAYS AND STREETS 111th Ave Peoria Ave to Alabama Ave 11th Ave Honda Bow to 13th Ave $ $ 370,000 247 $ 290,000 63,021 248,688 $ (63,021) 41,312 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2021 HIGHWAYS AND STREETS (cont) 2018 Local And Collectors Rehab 2018 NE Arterials Mill And Overlay 20th St Cloud Rd to Tamar Rd 227th Ave Montgomery to Dove Valley 35th Ave Carver to Elliot 67th Avenue and Vineyard Rd 83RD Ave Northern to Butler 90th Street McDowell Rd to EOM - formerly MM2105 96th St Broadway Rd to Pueblo Ave - formerly MM2102 96th St University to Brown Overlay ADA Improvement Package 1 ADA Improvement Package 2 ADA Improvement Package 3 ADA Improvement Package 4 ARAC MR NE Arterials ARAC Overlay SO Arterials Arlington School Rd Cactus Rose Rd - formerly MW2004 Avondale at MC 85 Baseline Rd at Meridian Rd Intersection 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 to 2800 feet Camelback Road at Perryville Road Traffic Signal IGA Camelback Road at Sarival Avenue Traffic Signal IGA Capacity Carefree Hwy and 32nd St Intersection Carefree Hwy Area Chandler Hights ROW Support IGA Chandler Hts McQueen to Val Vista Cooper Rd Prescott Pl To Riggs Rd Improvements Iga Cooper Rd Prescott Pl to Riggs Rd ROW Assistance IGA Cotton Lane at Camelback Cotton Lane At Orangewood Ave 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 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 700,000 2,730,000 125,000 510,000 250,000 2,750,000 133,000 180,000 180,000 65,000 65,000 1,000 97,000 112,000 100,000 894,000 150,000 160,000 56,000 181,000 20,000 125,000 4,165,000 295,000 55,000 101,000 5,000 62,000 152,000 2,006,000 1,061 114 468,485 85,879 218,611 157,831 24,037 307,584 431,923 10 125,744 698,506 646,599 5,055 24,787 850,919 228,199 24 103,456 127 161,816 77,585 167,317 91,908 24 587,471 (70,150) 515,512 19,825 (1,061) (114) 41,515 164,121 2,531,389 (24,831) (24,037) (307,584) (431,923) (10) 54,256 (698,506) (646,599) (5,055) 40,213 (849,919) (228,199) (24) 8,544 (127) (1,816) (21,585) 13,683 (71,908) (24) (292,471) 125,150 (414,512) (14,825) (231,470) 541 293,470 151,459 2,006,000 (8,912) (24) (674) (220,149) 658,000 (8,846) 140,863 22,060 (408,867) 11,018,498 111,554 (67,584) 16,262 3,452,159 (34) 5,642,285 2,071 (163,448) (93) (49) 327,183 194,756 8,912 24 674 220,149 658,000 658,000 270,000 90,000 2,928,159 145,000 60,000 193,000 12,645,000 310,000 12,000 91,000 3,452,159 8,813,000 25,000 187,000 9,593,000 45,000 188,000 600,000 1,500,000 175,000 488,000 34 3,950,715 42,929 351,448 93 49 160,817 268,000 73,244 1,333,000 13,645,000 310,000 248 8,846 4,137 37,940 601,867 1,626,502 198,446 79,584 74,738 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2021 HIGHWAYS AND STREETS (cont) Fiber Install Ind Sch McD Mtn Figs Springs LVR FY19 ARAC - NE Arterials Gavilan Pk Pkwy and Cloud Rd Gavilan Pk Pkwy and King Dr GermannLindsay Row Assistance Iga Gilbert Road Bridge Glendale Ave and Cotton Lane Granite Reef Dam Rd and Bush Hwy Guardrail 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 195th Ave and Medlock Dr Jackrabbit Trail Van Buren To Mcdowell Laveen Area Lindsay Rd Spur Rd to Layton Lakes Blvd IGA Litchfield Rd N Pkwy To Peoria Loop101-91ST Lower Buckeye 71st to 67th Ave Lower Buckeye at 107th Ave Lower Buckeye El Mirage to 125th Ave IGA MAG ALCP Projects Mash Guardrail Evaluation - NE Area 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 McDowell Rd 195th Ave to 202nd Ave -MM2107 McDowell Rd at Jackrabbit Tr McDowell Road at Jackrabbit Trail and at Perryville Road 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 NE Locals Overlay New River Area Phase 2 No Pkwy Loop To Grand Northern Ave SR 303 To Grand Northern Parkway Agua Fria Northern Parkway Phase II Northern Parkway Sarival to Agua Fria Northern Pkwy Northern at L101 NPKWY EL Mirage Alt Acc NPKWY EL Mirage Overpass Ocotillo Gilbert Rd to 148th St Ocotillo Rd Signal Butte To Meridian Old Price Rd Riggs Rd to Bartlett Way Alignment Olive Ave Citrus to Cotton Ln Olive Ave Reems to Litchfield 300,000 2,495,000 300,000 2,660,000 695,000 1,326,000 135,000 672,000 235,000 774,000 1,410,000 46,000 1,410,000 46,000 145,000 192,000 2,590,000 250,000 135,000 2,040,000 1,410,000 100,000 225,000 350,000 260,000 3,275,000 425,000 526,000 5,676,000 490,000 40,000 17,000 217,000 62,000 50,000 10,000 1,304,000 23,000 247,000 239,000 10,000 10,000 697,000 8,717,000 1,297,000 5,845,000 1,805,000 560,000 111,000 369,000 1,003,000 2,152,000 840,000 261,000 369,000 1,003,000 100,000 249 (4,995) 102,491 3,029,302 39,241 12,219 20,915 1,506,925 9,503 344,218 3,514 838 157,505 1,670,404 54 342,730 313 24 1,402 114,764 20 86,393 35 24,998 113,690 162,097 59,921 10 69 3,029,226 3,680,353 158,236 488 543,088 2,291 46 1,208,380 44,896 241,964 185,036 294 46,403 24 410 10 1,266,373 5,622,737 93 366,476 420,245 158,701 160 12,429 306,277 71 4,995 197,509 (369,302) (39,241) (12,219) (20,915) (180,925) (9,503) (344,218) (3,514) (838) 77,495 (896,404) (54) (342,730) (313) (24) 1,408,598 (68,764) (20) 105,607 (35) (24,998) 1,410,000 (13,690) 62,903 290,079 (10) (69) (2,503,226) 1,995,647 331,764 (488) (543,088) (2,291) (46) 95,620 (21,896) 5,036 53,964 9,706 (36,403) (24) (410) (10) 30,627 222,263 (93) 1,785,524 419,755 102,299 368,840 1,003,000 (12,429) (206,277) (71) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2021 HIGHWAYS AND STREETS (cont) 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 Pinnacle Vista Dr 40Th To 46Th St Pkwy 107TH TO 99TH Power Rd SO Warner Rd - formerly MT2101 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 Power to Hawes Riggs Rd Recker to Power Rittenhouse Bridge at QC Wash Rocky Point Rd Box Culvert Row In Fill Road Inventory Sys 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 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 4 Sun Valley Parkway Restoration Phase 5 Sun Valley Parkway Restoration Phase 6 System Preservation TMAN-Sun City Area ADA Ramps Phase 1 Tonto Hills Lvr Package 1 Traffic Calming Traffic Management Transportation System Management University Dr Higley Rd To Power Rd US80 At Butterfield Wash US80 At Rainbow Wash Van Buren At Jackrabbit Tr Vulture Mine US 60 to US 93 - MM2106 Vulture Mountain Recarea Roads Yuma At Jackrabbit Trail Total Transportation 1,520,000 1,490,000 2,845,000 1,203,000 1,123,000 388,000 2,736,000 894,000 528,000 100,000 370,000 400,000 100,000 370,000 50,000 50,000 1,303,794 368,088 2,456,744 850,569 6,292 8,816 446,291 139,516 66 248,169 2,998 72,284 75,000 1,313,000 1,623,000 200,000 175,000 200,000 200,000 202,000 596,000 342,000 899,000 448,000 700,000 595,000 100,000 1,478,000 135,000 525,000 423,000 402,000 705000 555,000 60,000 1,493,000 110,000 568,000 616,000 2,232,570 30,000 530,000 100,000 7,696,570 2,916,215 124,000 2,629,215 203,000 155,000 10,000 15,000 15,000 100,000 90,144,944 1,687 24 6,658 494 1,313,221 15 87,693 63,756 43 274,865 1,173,337 15 210,997 783,769 781,335 97,325 1,843,446 360,068 429,296 1,099,542 416 12,064 161 161 150 790,374 530,000 100,000 9,186 $ 89,864,944 250 $ $ 295,250 80,867 51 49,301 841,774 201,487 18,555 55,276,505 $ (180,794) 19,912 279,256 43,431 (6,292) (8,816) (46,291) (39,516) 369,934 (248,169) 47,002 (72,284) 75,000 (1,687) (24) (6,658) (494) 309,779 (15) 112,307 136,244 (43) 67,135 (274,337) (15) 191,003 (78,769) (226,335) (37,325) (350,446) (250,068) 138,704 (483,542) (416) (12,064) (161) (161) 7,696,570 (150) (260,374) 100,000 (9,186) 2,629,215 (92,250) (80,867) (51) (39,301) (841,774) (186,487) 81,445 34,868,439 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. 253 Maricopa County Combining Statement of Net Position All Internal Service Funds June 30, 2021 Equipment Services Technology Infrastructure Sheriff Warehouse ASSETS Current assets: Cash in bank and on hand $ Cash and investments held by County Treasurer 300 $ 918,221 $ 9,618,127 Receivables: Accounts 17,745 Accrued interest 16,476 Inventories 881,693 44,163 194,822 1,358,310 1,817,959 9,873,588 1,358,310 Prepaids Total current assets Noncurrent assets: Capital assets: Buildings and improvements 16,280,574 Machinery and equipment Accumulated depreciation 3,023,178 (2,589,761) 39,336,661 (17,499,763) Total noncurrent assets 433,417 38,117,472 2,251,376 47,991,060 1,000,988 1,000,988 1,451,519 1,451,519 Total assets DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pensions Total deferred outflows of resources 1,358,310 LIABILITIES Current liabilities: Accounts payable 712,855 466,589 Employee compensation payable 555,898 873,903 5,799 Accrued liabilities Due to other funds 751,096 Liability for reported and incurred but not reported claims (current portion) Total current liabilities 1,268,753 1,340,492 5,219,267 7,568,391 5,219,267 7,568,391 6,488,020 8,908,883 69,371 69,371 100,594 100,594 433,417 (3,738,444) (3,305,027) 38,117,472 2,315,630 40,433,102 756,895 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 756,895 NET POSITION Net investment in capital assets Unrestricted (deficit) Total net position (deficit) $ 254 $ $ 601,415 601,415 Employee Risk Management $ 100 Benefits Trust $ 6,491,656 14,809 4,342,095 Total $ 4,342,495 74,139,963 91,167,967 3,815,232 3,832,977 145,445 176,730 3,607,838 1,494,164 2,284,166 5,296,824 10,114,403 83,936,899 107,101,159 92,950 (87,758) 6,135 (6,135) 42,458,924 (20,183,417) 16,280,574 5,192 38,556,081 10,119,595 83,936,899 145,657,240 506,808 506,808 319,898 319,898 3,279,213 3,279,213 767,123 2,069,239 4,021,605 233,588 2,012,227 5,548,716 5,548,716 348,838 751,096 17,905,000 16,709,378 34,614,378 19,020,961 24,560,921 46,948,022 58,542,497 2,641,571 1,667,986 58,542,497 17,097,215 61,184,068 1,667,986 75,639,712 80,205,029 26,228,907 122,587,734 35,110 35,110 22,170 22,170 227,245 227,245 5,192 (69,618,928) $ (69,613,736) 58,005,720 58,005,720 38,556,081 (12,434,607) $ 26,121,474 $ 255 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Position All Internal Service Funds Year Ended June 30, 2021 Equipment Services Technology Infrastructure Sheriff Warehouse OPERATING REVENUES Charges for services $ 14,500,916 137,739 Miscellaneous Total operating revenues $ 35,919,928 1,988 14,638,655 35,921,916 6,948,492 $ 2,381,611 2,381,611 OPERATING EXPENSES Personal services 4,824,575 Supplies 7,105,440 661,681 Other services 1,557,660 12,121,296 2,353,769 Legal Insurance and claims 1,000 Leases and rentals 18,490 85,122 Repairs and maintenance 1,664,440 9,210 Travel and transportation 6,290 11,357 82,340 143,622 14,184,862 6,537,044 Total operating expenses 15,403,857 40,559,064 2,353,769 Operating income (loss) (765,202) (4,637,148) 27,842 Investment income 8,273 (52,338) Interest expense Gain (loss) on disposal of capital assets 25,848 36,500 34,121 (15,838) (731,081) (4,652,986) Utilities Depreciation NONOPERATING REVENUES (EXPENSES) Total nonoperating revenues (expenses) Income (loss) before contributions and transfers 27,842 17,095,865 Capital contributions Change in net position (731,081) 12,442,879 27,842 Total net position (deficit), July 1, 2020 (2,573,946) 27,990,223 573,573 Total net position (deficit), June 30, 2021 $ (3,305,027) 256 $ 40,433,102 $ 601,415 Employee Risk Management $ 25,904,848 501,176 Benefits Trust $ Total 185,551,846 1,016 $ 264,259,149 641,919 26,406,024 185,552,862 264,901,068 2,475,643 1,393,263 15,641,973 214,808 2,978 10,338,676 3,651,140 10,368,084 27,698,180 24,984,358 149,390,959 174,376,317 36,269 32,457 172,338 1,555 1,675,205 1,631,708 1,631,708 6,694 279 24,620 14,267,202 6,684,171 3,505 33,004,125 161,189,575 252,510,390 (6,598,101) 24,363,287 12,390,678 (40,643) 158,496 73,788 (40,643) 158,496 136,136 (6,638,744) 24,521,783 12,526,814 62,348 17,095,865 $ (6,638,744) 24,521,783 29,622,679 (62,974,992) 33,483,937 (3,501,205) (69,613,736) $ 58,005,720 $ 26,121,474 257 Maricopa County Combining Statement of Cash Flows All Internal Service Funds Year Ended June 30, 2021 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 $ 13,473,696 Technology Infrastructure $ 1,009,475 Net cash provided by (used for) operating activities 35,303,610 Sheriff Warehouse $ 2,381,611 616,318 137,739 1,988 (10,286,840) (4,913,773) (27,034,219) (8,742,557) (2,466,642) (579,703) 145,140 (85,031) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Loan received from General Fund Net cash provided by (used for) noncapital financing activities 85,031 85,031 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets 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 (84,802) 27,915 (56,887) (33,773) 36,500 2,727 8,273 8,273 (35,478) (35,478) (628,317) 112,389 9,505,738 1,546,838 Cash and cash equivalents, July 1, 2020 Cash and cash equivalents, June 30, 2021 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 from governmental funds Accumulated depreciation capital assets transferred from governmental fund Capital contributions on capital assets transferred from governmental funds Capital asset additions expensed in governmental funds Capital contributions on capital assets expensed in governmental funds 258 $ 918,521 $ 9,618,127 $ $ (765,202) $ (4,637,148) $ 143,622 27,842 6,537,044 (17,745) (165,248) (4,008) (104,074) (15,873) (392,395) (342,645) 314,068 59,190 24,851 8,487 523,446 (987,526) (245,100) (8,799) (472,381) $ (579,703) $ 145,140 $ $ (149,025) $ (187,826) $ 146,958 187,826 2,067 2,749,203 (791,632) (1,957,571) 15,138,294 (15,138,294) (85,031) Employee Benefits Trust Risk Management $ 25,476,055 $ 162,138,543 Total $ 238,773,515 428,793 22,244,864 501,176 1,016 24,299,450 641,919 (26,230,112) (2,474,113) (157,217,820) (1,554,183) (223,235,633) (17,684,626) (2,298,201) 25,612,420 22,794,625 85,031 85,031 (118,575) 64,415 (54,160) (22,742) (22,742) 160,309 160,309 110,362 110,362 (2,320,943) 25,772,729 22,935,858 8,812,699 52,709,329 72,574,604 $ 6,491,756 $ 78,482,058 $ 95,510,462 $ (6,598,101) $ 24,363,287 $ 12,390,678 3,505 6,684,171 3,217,816 3,217,816 (1,168,439) (1,186,184) (1,510,253) (18,023) (1,544,149) (273,330) (208,786) (104,193) (1,048,019) (277,698) 403,494 490,255 (12,983) 28,924 49,279 342,175 3,638 (118,267) 1,317,492 1,317,492 875,529 (89,289) 3,740,529 (925,646) 2,865,000 (118,876) $ $ (2,298,201) $ $ 25,612,420 $ 22,794,625 $ (336,851) 334,784 2,067 2,749,203 (791,632) (1,957,571) 15,138,294 (15,138,294) 259 260 Financial Section Combining and Individual Fund Statements Fiduciary Funds Fiduciary Funds Maricopa County Listing of Fiduciary Funds FIDUCIARY FUNDS Custodial Funds – to account for assets held by the County in a fiduciary capacity, including the assets held and invested by the County Treasurer on behalf of school districts, fire districts, street lighting districts and other improvement districts and property tax collections not yet disbursed to taxing jurisdictions. 263 Maricopa County Combining Statement of Fiduciary Net Position Custodial Funds June 30, 2021 Other Individual Investment Account External Investment Pool Property Tax Collections Special Purpose Total Other Assets Cash and investments in bank and on hand $ $ $ Cash and investments held by the County Treasurer 3,770,167,679 740,907,541 Property tax receivable for other governments Interest receivable Total assets 8,612,152 $ 3,778,779,831 83 $ 740,907,624 $ 44,975,864 38,564,639 38,564,639 145,379,738 931,263,143 42,532 $ 183,986,909 244,133,618 42,615 $ 1,214,004,015 244,133,618 $ 289,109,482 $ Liabilities Property tax payable to other governments Total liabilities 44,975,864 44,975,864 44,975,864 44,975,864 Net position Restricted for: Pool participants Individuals, organizations, and other governments 3,778,779,831 Total net position $ 3,778,779,831 740,907,624 244,133,618 $ 740,907,624 $ 244,133,618 264 $ 183,986,909 1,169,028,151 183,986,909 $ 1,169,028,151 Maricopa County Combining Statement of Changes in Fiduciary Net Position Custodial Funds Year Ended June 30, 2021 Other Individual Investment Account External Investment Pool Property Tax Collections Special Purpose Total Other Additions: Contributions from pool participants $ 8,312,640,102 Contributions from other governments $ $ $ $ 1,067,728,951 Property tax collections for other governments 1,067,728,951 4,976,422,413 4,976,422,413 Fine, fees, and forfeitures collected for other governments 140,975,370 140,975,370 Other 10,259,487 10,259,487 337,332 (1,524,974) Investment earnings: Interest and dividends Net increase (decrease) in fair value of investments Total investment earnings Total additions 27,322,131 (1,862,306) (32,911,743) 665,326 (5,589,612) (1,196,980) 8,307,050,490 1,066,531,971 665,326 4,976,422,413 337,332 (859,648) 151,572,189 6,194,526,573 Deductions Distributions to pool participants 8,202,438,370 Distributions to other governments 907,152,010 Property tax distributions to other governments Fines, fees, and forfeitures distributed to other governments 907,152,010 4,993,071,487 Other Total deductions Net increase (decrease) in fiduciary net position Net position, July 1, 2020, as restated Net position, June 30, 2021 4,993,071,487 114,223,223 114,223,223 7,550,420 7,550,420 8,202,438,370 907,152,010 4,993,071,487 121,773,643 6,021,997,140 104,612,120 159,379,961 (16,649,074) 29,798,546 172,529,433 3,674,167,711 581,527,663 260,782,692 154,188,363 996,498,718 $ 3,778,779,831 $ 740,907,624 $ 244,133,618 $ 183,986,909 $ 1,169,028,151 265 266 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 286 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) 2011-12 2012-13 2013-14 2014-15 2015-16 $ 3,238,389,442 $ 3,358,835,597 $ 3,423,302,960 $ 3,290,683,747 $ 3,344,675,215 625,230,345 698,200,079 $ 4,561,819,866 616,966,709 680,694,942 $ 4,656,497,248 542,254,851 638,467,088 $ 4,604,024,899 207,841,344 562,881,286 (347,913,774) (767,502,521) $ 3,150,611,317 $ 3,140,053,980 $ 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) $ 22,487,405 $ 1,425,160 7,492,157 31,404,722 Primary government Net investment in capital assets $ 3,238,389,442 $ 3,358,835,597 $ 3,448,971,634 $ 3,316,945,321 $ 3,367,162,620 Restricted 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) $ 3,178,118,314 564,306,446 (760,010,364) $ 3,171,458,702 2016-17 2017-18 2018-19 2019-20 2020-21 Net investment in capital assets $ 3,398,536,569 $ 3,540,327,347 $ 3,775,784,925 $ 3,808,175,194 $ 3,881,634,459 Restricted 706,572,442 (941,448,887) $ 3,163,660,124 657,310,403 (1,184,406,509) $ 3,013,231,241 529,365,206 588,854,025 648,776,170 (887,071,085) (718,666,721) (497,030,965) $ 3,418,079,046 $ 3,678,362,498 $ 4,033,379,664 $ 54,519,520 $ 72,367,100 $ 69,913,021 $ 79,796,197 $ 7,091,488 (7,240,598) 54,370,410 $ 4,942,173 (4,374,706) 72,934,567 $ 6,487,405 (1,980,230) 74,420,196 $ 5,699,657 (562,617) 84,933,237 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) Primary government Net investment in capital assets $ 3,453,056,089 $ 3,612,694,447 $ 3,845,697,946 Restricted 713,663,930 (948,689,485) $ 3,218,030,534 662,252,576 (1,188,781,215) $ 3,086,165,808 535,852,611 594,553,682 648,776,170 (889,051,315) (719,229,338) (497,030,965) $ 3,492,499,242 $ 3,763,295,735 $ 4,033,379,664 Unrestricted Total primary government net position (2) (1) (2) $ 3,887,971,391 $ 3,881,634,459 For fiscal years 2011 through 2013, the County did not have any business-type activities. The County did not have any business type activities in 2020-21. This schedule was not adjusted for the fiscal year 2011, 2013, 2014, 2015 and 2019 restatements to net position. 270 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 2011-12 2012-13 2013-14 2014-15 2015-16 $ 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 $ 298,879,283 1,105,661,191 76,998,103 423,976,768 57,510,396 30,388,968 7,793,505 1,762,315,703 1,702,984,888 1,791,288,195 2,094,900,416 25,070,360 23,483,448 2017-18 2018-19 2019-20 2020-21 $ 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 $ 231,820,454 1,196,705,109 126,498,359 919,001,491 56,826,436 24,428,055 7,846,000 2,001,208,214 2,051,774,771 2,322,183,289 1,867,780,195 2,198,621,506 2,563,125,904 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 $ 1,762,315,703 $ 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 $2,563,125,904 $ $ $ $ $ $ $ $ 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 6,741,213 15,529,154 1,440,065 Total business-type program revenues Total primary gov’t program revenues 2016-17 $ 560,231,985 $ 581,247,951 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 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 5,717,592 16,300,111 337,818 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 80,821,088 138,100,069 21,789,454 59,335,787 19,306,045 24,700 634,413,147 22,051,183 975,841,473 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 $ $ 975,841,473 Maricopa County Changes in Net Position (Continued) 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Net (Expense)/Revenue Governmental activities $(1,202,083,718) $(1,121,736,937) $ (1,235,690,278) (1,359,928) $ (1,538,777,436) $(1,395,942,360) $ (1,441,343,341) (1,127,927) (171,348) 22,614,835 $ (1,706,969,474) $ (1,287,194,094) 18,320,642 1,111,910 $ (1,506,364,584) 8,648,369 $(1,587,284,431) $(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) $ (1,587,284,431) $ $ $ $ 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 $ 504,805,017 $ 447,135,707 $ 429,235,095 61,210,182 53,647,040 Property taxes, levied for Street Light District 19,049,420 5,026,752 16,971,693 5,026,752 Unrestricted share of state sales taxes 400,453,544 Sales tax – Jail construction & operation Property taxes, levied for Library District Surcharge tax – Stadium District Unrestr. share of state vehicle lic. tax 460,057,355 $ 492,533,082 $ 39,287,012 43,266,625 49,311,618 14,246,516 6,070,638 19,677,385 6,014,834 19,624,840 4,651,612 418,642,153 447,541,942 476,452,381 497,359,100 118,052,954 124,595,909 133,929,831 140,492,834 5,192,003 5,217,452 5,394,707 4,915,704 113,363,658 118,202,382 126,137,174 135,043,057 528,258,272 555,750,125 $ 593,694,954 627,273,672 667,714,689 58,160,420 62,216,487 65,992,307 70,471,344 75,320,159 20,361,928 4,802,705 21,525,613 5,488,949 22,817,801 5,806,391 24,236,319 25,710,591 5,694,636 4,357,486 520,259,714 552,699,587 589,779,232 182,556,542 727,604,497 146,246,549 152,780,682 161,856,282 172,789,542 4,882,593 210,484,572 4,772,596 4,740,138 5,973,721 6,003,193 622,830,699 3,842,556 146,241,079 152,286,541 162,544,146 172,111,273 173,793,081 197,558,288 Grants and contributions not restricted to specific programs 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 1,932,630 Unrestricted investment earnings 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 2,571,499 Miscellaneous 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 25,204,630 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 1,942,301,597 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 4,337,468 350,853 Special item – repayment agreement. (468,781) Special item – forgiveness of debt 275,553 271,740 1,234,236 229,286 80,505 243,515 358,696 Transfers 373,719 1,864,672 $ 1,265,154,203 $ 1,216,414,319 $ 1,231,307,625 164,445 $ 1,307,809,481 $ 1,389,722,491 $ 1,465,300,338 $ 1,556,784,106 $ 1,692,415,618 $ 1,770,899,097 $ 1,942,301,597 $ $ (231,585,878) $ $ $ 355,017,166 $ 355,017,166 Total business-type activities Total primary government 617,923 Change in Net Position Governmental activities 63,070,485 $ 94,677,382 $ (4,547,098) (1,195,483) Business-type activities (1) $ Total primary government (1) 63,070,485 $ 94,677,382 $ (5,742,581) (510,004) $ (232,095,882) $ (10,557,337) $ 23,606,144 $ (150,428,883) $ 404,847,805 4,166,120 22,965,688 18,564,157 1,485,629 (6,391,217) $ 46,571,832 $ (131,864,726) $ 406,333,434 For fiscal years 2011 through 2013 and fiscal year 2021, the County did not have any business-type activities. 272 262,669,841 10,513,041 $ 273,182,882 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) 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 Fund 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 2019-20 2020-21 Assigned Unassigned Total all other governmental funds (a) (7,626,568) Fiscal Year 2018-19 General Fund Nonspendable $ 9,160,980 $ 3,117,940 $ 2,900,922 $ 3,586,438 $ 3,414,556 Restricted Committed Assigned 134,647,118 184,441,837 211,707,531 166,454,076 Unassigned 37,200,522 32,584,403 25,752,261 133,527,954 440,118,199 Total general fund $ 181,008,620 $ 220,144,180 $ 240,360,714 $ 303,568,468 $ $ $ 3,525,455 $ 3,440,019 $ 5,565,851 $ 177,293,640 620,826,395 All Other Governmental Funds Nonspendable 4,674,317 10,303,661 Restricted 604,371,629 635,874,336 545,448,438 673,961,703 680,442,244 Committed 523,158,485 463,839,100 553,189,236 641,767,542 637,940,735 Assigned Unassigned Total all other governmental funds (a) (25,927,760) (11,300,036) (9,003,731) (10,054,016) (37,222,004) $1,106,276,671 $ 1,091,938,855 $ 1,093,073,962 $ 1,311,241,080 $ 1,291,464,636 (a) This schedule was not adjusted for the fiscal year 2013, 2014, and 2016 restatements to fund balance. 273 Maricopa County Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2012-13 2011-12 2013-14 2014-15 Revenues Taxes $ 704,104,717 $ 642,325,131 $ 615,127,234 $ 658,661,300 Licenses and permits 57,136,150 43,803,739 44,295,063 46,201,667 Intergovernmental 827,075,550 870,032,708 879,890,750 918,331,602 Charges for services 160,595034 170,891,803 158,418,054 159,083,257 Fines and forfeits 31,006,029 30,760,368 28,981,715 25,235,245 Special assessments 5,026,752 5,068,492 6,070,638 6,014,834 Interest income Miscellaneous 17,305,398 18,164,312 6,264,554 28,665,945 1,028,984 16,886,275 6,074,604 16,239,536 Total revenues 1,820,413,942 1,797,812,740 1,750,698,713 1,835,842,045 Expenditures General government 168,967,810 151,832,578 135,670,741 149,081,146 Public safety 873,303,867 871,928,815 960,017,951 1,005,051,315 Highways and streets 49,416,837 48,459,526 51,635,626 54,006,764 Health, welfare and sanitation 435,449,254 425,526,752 400,282,296 404,729,045 Culture and recreation 30,792,212 33,003,716 36,936,932 36,529,631 Education 12,731,152 18,255,308 26,506,855 28,096,030 Principal 18,406,034 15,290,371 20,742,071 17,866,397 Interest 7,671,184 5,844,641 5,391,181 4,726,682 132,718 1,250 1,215,938 Debt service Other Payment to escrow agent Capital outlay Total expenditures 279,162,786 6,381,485 251,067,940 228,759,097 213,487,827 1,875,901,136 1,827,723,850 1,865,944,000 1,914,790,775 (55,487,194) (29,911,110) (115,245,287) (78,948,730) Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in 499,886,853 483,487,756 516,830,224 379,355,888 Transfers out (502,575,907) (520,550,878) (521,296,732) (379,281,420) Capital lease agreements 8,329,091 Proceeds from bond issuance 25,140,000 185,580,000 Premium on refunding bonds 15,633,417 Payment to escrow agent (24,997,819) Loan Proceeds Net change in fund balances (36,920,941) (2,689,054) Total other financing sources (uses) $ (58,176,248) $ (66,832,051) (4,466,508) $ (119,711,795) 209,616,976 $ 130,668,246 Debt service as a percentage of noncapital expenditures 1.6% 1.3%(a) (a) Data was adjusted in fiscal year 2021. 274 1.6% 1.3%(a) Fiscal Year 2015-16 $ 700,515,589 2016-17 $ 750,405,039 2017-18 $ 2018-19 795,277,329 $ 847,090,715 2019-20 $ 892,237,482 2020-21 $ 970,262,622 48,262,561 48,700,983 49,810,802 50,182,867 49,279,753 55,560,181 981,754,741 998,720,971 1,055,046,783 1,099,920,175 1,213,427,734 1,592,630,744 168,530,522 185,427,699 179,472,435 179,199,628 201,807,783 203,773,234 25,493,837 26,310,542 24,538,265 22,608,121 18,393,799 17,345,362 4,651,612 4,802,705 5,696,239 5,806,391 5,694,636 4,357,486 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 14,274,480 668,198 27,419,849 1,952,313,589 2,063,375,570 2,136,247,259 2,266,611,132 2,444,742,135 2,872,017,676 150,486,509 166,780,945 158,063,474 164,077,141 175,916,391 191,883,280 1,028,863,167 1,052,402,924 1,009,352,169 1,067,426,744 1,017,005,967 1,052,776,254 53,598,284 60,715,322 68,695,845 72,644,031 83,928,382 82,383,930 420,071,249 418,692,520 512,762,868 529,466,214 636,348,147 906,765,536 39,798,518 36,493,895 38,469,355 42,687,958 42,841,396 46,307,685 30,097,656 32,585,868 32,652,609 26,180,509 24,643,209 23,969,852 11,306,342 159,062,866 128,699,375 27,414,666 66,450,775 64,541,059 13,032,602 10,201,276 6,683,405 5,159,606 6,775,142 7,846,000 26,350 182,229 776,046 2,970 825,546 236,196,502 208,901,034 270,958,232 304,754,331 267,678,531 229,712,036 1,983,477,179 2,146,018,879 2,227,113,378 2,239,814,170 2,322,413,486 2,606,185,632 (31,163,590) (82,643,309) (90,866,119) 26,796,962 122,328,649 265,832,044 400,522,300 514,645,299 653,076,678 506,382,572 596,002,917 508,931,067 (400,522,300) (514,576,467) (653,117,823) (511,525,439) (601,002,917) (508,931,067) 27,083,511 13,886,373 3,404,460 126,974 20,397,791 44,460,000 106,295,000 133,440,000 10,119,673 7,397,084 (29,910,000) (16,023,627) $ (47,187,217) 1.4% 47,933,292 $ (34,710,017) 8.5% 116,500,502 $ 25,634,383 6.7%(a) (5,142,867) $ 21,654,095 1.7% 275 156,234,875 $ 278,563,524 3.4%(a) 27,083,511 $ 292,915,555 3.0% 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 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 2017-18 627,447,326 (1) 552,699,587 174,552,131 114,233,608 0 2018-19 668,297,980 (1) 589,779,232 184,797,765 120,514,438 0 2019-20 704,798,347 (1) 622,830,699 186,644,889 115,626,687 0 2020-21 755,935,494 727,604,497 212,392,095 123,178,753 0 81.7% 74.1% 56.1% Change 2012-21 30.1% Rental Fiscal Year Car Surcharge -100.0% Street Jail Tax Lighting Assessments Total Revenues 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 4,740,138 (1) 152,780,682 4,802,705 1,549,047,216 2017-18 5,973,721 (1) 161,856,282 5,696,239 1,642,458,894 2018-19 6,003,193 (1) 172,789,542 5,806,391 1,747,988,541 2019-20 4,882,593 182,556,542 5,694,636 1,823,034,393 2020-21 3,842,556 210,484,572 4,357,486 2,037,795,453 -26.0% 78.3% Change 2012-21 -13.3% 55.5% 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. (1) Data was adjusted in fiscal year 2021. 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 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 % 2020-21 44,233,928 1,471,041 45,704,969 1.6357 448,932,803 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 Office of Budget and Finance 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 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 2020-21 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 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 2020-21 0.0000 0.4426 0.1400 0 - 5.3007 1.2881 1.3032 - 9.1474 0 - 3.6834 Source: Maricopa County Office of Budget and Finance All tax rates are per $100 assessed valuation. 278 Maricopa County Principal Property Taxpayers Current Year and Nine Years Ago 2020-21 2011-12 Percentage of Percentage of Total County Taxpayer Secondary Valuation Rank Assessed Value Total County Secondary Valuation Rank Assessed Value Arizona Public Service Company 1,248,718,731 1 2.73% 1,085,693,628 1 2.80% Southwest Gas Corporation (T&D) 210,605,131 2 0.46% 148,277,858 4 0.38% Qwest Corporation 116,039,404 3 0.25% 212,962,749 2 0.55% Southern California Edison Co (T&D) 111,125,090 4 0.24% 145,171,831 5 0.37% El Paso Electric Co (T&D) 98,320,751 5 0.22% 126,581,044 6 0.33% Verizon Wireless 6 0.15% 72,168,016 11 0.19% Public Service Company of New Mexico (T&D) 69,736,966 65,531,549 7 0.14% 74,749,614 10 0.19% Target Corporation 75,941,126 8 0.17% 62,131,186 13 0.16% Smiths Food and Drug Centers Inc 62,311,813 9 0.14% 42,116,724 16 0.11% Arizona Solar One LLC 48,680,460 10 0.11% Wal-Mart Stores Inc 61,578,201 11 0.13% 90,562,222 7 0.23% Intel Corporation 58,374,621 12 0.14% 170,636,337 3 0.44% Mesquite Power LLC 37,208,520 13 0.13% 85,000,000 8 0.22% Host Camelback I LLC 43,873,698 14 0.08% Southern Cal Public Pwr Auth (Palo Verde) 35,274,473 15 0.10% 50,471,353 14 0.13% Unisource Energy Corporation 34,977,349 16 0.08% Host Kierland LP 47,678,838 17 0.08% 40,531,747 17 0.10% Cyrusone LLC 44,870,638 18 0.10% 0.10% Esplanade Owner LP 42,355,710 19 0.10% AT&T Mobility LLC 31,213,251 20 0.07% 40,221,584 18 Gila River Power, LP 82,204,800 9 0.21% New Harquahala Generating Co, LLC 65,000,000 12 0.17% Scottsdale Fashion Square LLC 45,006,560 15 0.12% Safeway Inc 34,590,780 19 0.09% City of Los Angeles Dept of Water & Power 30,975,082 20 0.08% $ 2,544,416,320 $ 45,704,969,813 Source: Maricopa County Assessor’s Office. 279 5.71% $ 2,705,053,115 $ 38,760,296,714 6.97% 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 2011-12 559,042,706 541,115,030 96.79 9,689,756 550,804,786 98.53 2012-13 496,621,093 483,768,161 97.41 7,567,828 491,335,989 98.94 2013-14 463,734,687 454,630,238 98.04 5,716,731 460,346,969 99.27 2014-15 505,927,593 495,964,759 98.03 5,078,682 501,043,441 99.03 2015-16 539,956,426 532,594,860 98.64 5,042,662 537,637,522 99.57 2016-17 584,777,057 574,861,219 98.30 5,872,224 580,733,443 99.31 2017-18 619,337,610 608,182,650 98.20 6,793,519 614,976,169 99.30 2018-19 655,074,951 645,049,237 98.47 5,733,962 650,783,199 99.34 2019-20 700,013,306 682,188,952 97.45 11,622,783 693,811,735 99.11 2020-21 741,108,549 730,179,122 98.53 730,179,122 98.53 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 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 2020-21 640,280,922 75,415,664 25,411,963 741,108,549 Source: Maricopa County Office of Budget and Finance 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) 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 130,815,000 120,350,000 108,975,000 97,135,000 54,755,000 30,945,000 22,440,000 19,260,000 16,010,000 12,685,000 9,280,000 5,800,000 Certificates Special Assessment Bond Premium (d) of Participation Capital Leases 80,050 64,679 49,465 44,727 22,913 14,464 6,813 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 7,886,137 185,580,000 185,580,000 230,040,000 239,530,000 122,185,000 236,125,000 170,870,000 8,329,091 17,981,211 11,429,438 3,689,687 1,581,834 20,783,850 47,481,302 6,906,857 5,706,857 Business-Type Activities Fiscal Year Ended June 30, Housing Authority Debt (e) 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 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 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Total Percentage Primary of Assessed Government (c)(d) Property Value (a) Per Capita (b) 0.45% 0.44% 0.42% 0.94% 0.83% 0.79% 0.74% 0.40% 0.71% 0.49% 44.51 38.86 34.28 81.10 69.39 67.05 65.99 37.11 69.76(1) 50.20 172,906,485 152,877,499 135,218,104 329,578,153 288,159,956 283,830,438 284,776,265 162,025,030 304,688,519 226,237,439 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. Beginning in FY21, the County has no BusinessType Activities (1) Data was adjusted in fiscal year 2021. 281 Maricopa County Legal Debt Margin Information Last Ten Fiscal Years Fiscal Year Debt limit 2011-12 2012-13 2013-14 2014-15 2015-16 $5,814,044,507 $5,160,068,357 $4,834,351,022 $5,261,946,989 $5,193,550,548 $5,814,044,507 $ 5,160,068,357 $4,834,351,022 $5,261,946,989 $5,193,550,548 0% 0% 0% 0% 0% 2016-17 2017-18 2018-19 2019-20 2020-21 $5,420,324,171 $5,737,783,687 $6,063,484,863 $6,479,148,959 $ 6,855,745,472 $5,420,324,171 $5,737,783,687 $6,063,484,863 $6,479,148,959 $ 6,855,745,472 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 0% Legal Debt Margin Calculation for Fiscal Year 2020-21 Assessed Value $ 45,704,969,813 Debt limit (15% of assessed value) 6,855,745,472 Debt applicable to limit: General obligation bonds Total net debt applicable to limit Legal debt margin $ 6,855,745,472 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 2011-12 5,527,021 9,245,158 4,770,000 1,852,039 2012-13 5,183,923 4,360,173 3,900,000 610,378 6,622,039 83% 140% 4,510,378 115% 2013-14 5,394,706 4,401,308 8,886,857 97% 512,882 9,399,739 57% 2014-15 3,564,657 4,275,019 47% 3,250,000 440,946 3,690,946 97% 116% 2015-16 3,495,100 2016-17 3,786,822 4,078,741 3,325,000 366,378 3,691,378 95% 110% 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 5,935,210 21% 0% 1,449 0 5,800,000 0 135,210 2019-20 0 0 0% 0% 2002-21 0 0 0 0 0 0% 0% Gross Coverage Net Coverage Special Assessment Bonds Net Revenue Available Fiscal Year Gross Revenue For Debt Service (1) Debt Services Requirements Principal Interest Total 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% 2014-15 0 17,554 4,738 4,374 9,112 0% 193% 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% 2020-21 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 2012-13 2013-14 2014-15 2015-16 County 7.5% (1) 7.1% 6.4% 5.3% 5.3% State 8.4% (1) 8.0% 6.9% 5.9% 5.8% 8.2% 7.6% 6.1% 5.3% 4.9% Unemployment Rate (June 30) United States Population/Income Statistics Income (in thousands) $ Population Per Capita 156,763,179 (2) $ 160,497,824 (2) 3,884,705 (2) $ $ 3,933,712 40,354 (2) $ 40,801 (2) $ 167,439,604 (2) $ 175,437,829 3,944,859 4,063,700 42,445 (2) $ 43,172 $ 185,111,698 4,152,800 $ 44,575 Fiscal Year 2016-17 2017-18 2018-19 2019-20 2020-21 County 4.50% 4.10% 4.50% 10.30% (3) 6.60% State 5.10% 4.70% 4.90% 10.80% (3) 7.30% United States 4.40% 4.00% 3.70% 11.10% (3) 5.90% 209,719,687 223,097,349 245,077,753 (4) 4,315,600 4,366,583 4,436,908 (3) 4,506,505 48,596 51,092 55,236 Unemployment Rate (June 30) Population/Income Statistics Income (in thousands) $ Population Per Capita 196,779,825 $ 4,233,300 $ 46,484 $ (4) 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) Data was adjusted in fiscal year 2021. (4) Income and per capita estimates were not yet available. 284 Maricopa County Principal Employers Current Year and Nine Years Ago 2012 2021 Percentage of Employer Employees Rank Total County Employment Percentage of Employees Rank Total County Employment Banner Health 45,918 1 2.01% 24,825 3 State of Arizona 41,606 2 1.82% 49,800 1 2.97% Walmart Inc 36,995 3 1.62% 30,634 2 1.83% Arizona State University 35,474 4 1.55% 11,185 9 0.67% Fry's Food Stores 20,235 5 0.89% City of Phoenix 16,432 6 0.72% 15,100 4 0.90% University of Arizona 16,021 7 0.70% Wells Fargo & Co 16,000 8 0.70% 13,308 5 0.79% 15,403 13,648 9 0.67% 0.60% Dignity Health Arizona Maricopa County 10 1.48% 12,792 7 0.76% Bank of America 13,300 6 0.79% Raytheon Co. Apollo Group Inc.. 11,500 11,000 8 10 0.69% 0.66% Total for Principal Employers Total Employment in Maricopa County 257,732 11.29% 2,282,100 1,674,300 As of June 30 Source: 193,444 The Phoenix Business Journal, Book of Lists. Arizona’s Economy – www.azeconomy.org 285 11.55% Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 General Government Board of Supervisors 27 27 27 27 28 28 28 27 27 29 Call Center 27 27 27 27 27 27 22 20 20 20 County Assessor 329 324 320 322 315 311 310 296 296 296 County Manager 31 26 18 18 18 17 21 31 34 27 Elections 54 52 52 52 52 52 28 31 29 57 Facilities Management 194 125 136 137 165 239 136 137 136 141 Finance 43 44 35 39 39 38 37 39 39 33 Workforce Management & Development 43 116 46 46 46 46 47 77 104 101 Enterprise Technology 133 165 169 202 216 214 215 217 217 205 Internal Audit 17 19 19 18 18 18 18 19 19 20 Management and Budget 29 31 19 18 19 19 16 16 15 15 Materials Management 34 39 39 37 40 37 27 27 27 26 Other General Government 81 95 89 90 85 86 87 90 91 91 Recorder 63 62 62 56 56 56 87 86 89 96 Employee Health Initiatives 19 28 26 28 28 25 25 Treasurer 52 55 70 53 55 55 57 64 59 70 Deputy County Manager 13 12 12 11 0 0 0 Assistant County Manager 12 11 9 9 Real Estate 9 9 5 3 30 32 32 32 Public Safety Adult Probation 1,072 1,071 1,100 1,117 1,143 1,164 1,200 1,197 1,201 1,192 Clerk of Superior Court 674 671 675 683 680 689 695 692 686 670 Constables 35 36 36 36 36 37 37 37 37 37 County Attorney 918 945 936 946 984 999 1,022 1,020 1,059 1,051 Court System 2,204 2,248 2,271 2,335 2,387 2,431 2,459 14 14 15 15 17 16 36 2,490 41 196 648 88 105 48 3,879 14 3 2,505 41 200 637 88 102 49 3,974 4 4 429 439 Flood Control 192 254 252 228 187 186 188 Juvenile Probation 733 708 693 689 703 674 659 Medical Examiner 78 86 87 88 88 94 100 Planning & Development 111 113 77 85 80 85 88 Public Fiduciary 41 41 41 42 44 48 48 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 Sheriff Highways and Streets Transportation 490 417 Health, Welfare and Sanitation Air Quality 143 141 141 142 14 143 150 154 156 Animal Control 169 165 165 170 169 174 185 188 179 183 Correctional Health 463 474 477 464 475 482 486 484 491 502 Environmental Services 284 286 293 290 288 281 279 297 295 293 Human Services Other Health, Welfare and Sanitation 385 380 364 372 399 545 358 369 343 340 12 10 11 11 11 12 12 Public Health 614 602 613 625 633 622 618 547 523 552 Waste Resources and Recycling Mgmt 29 28 23 23 22 22 22 2 2 2 Assistant County Manager 144 Culture and Recreation Library District 171 171 165 165 164 165 168 168 168 179 Parks and Recreation 86 84 83 81 78 82 82 91 94 96 Stadium District 5 5 5 5 5 5 5 1 60 111 134 152 145 102 121 90 86 84 13,898 13,970 14,316 14,531 14,648 14,516 14,427 14,507 14,640 Education Education Service 13,747 Source: Maricopa County Adopted Budgets 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) 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 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 1,656,558 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 2,595,272 2,089,563 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 23,694 217,021 23,162,722 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 26,157 15,417 10 0 0 0 165 0 N/A (2) N/A (2) N/A (2) N/A (2) 209 673 697 23 19 82 N/A (2) N/A (2) N/A (2) N/A (2) 1,221 59 105 6 0 3,632 N/A (2) N/A (2) N/A (2) N/A (2) 57 128 142 119 53 125 N/A (2) N/A (2) N/A (2) N/A (2) 353,588 335,860 262,024 311,187 263,639 268,025 286,792 285,201 250,412 211,967 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 2,740 71 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 1,057,472 607,758 8,308 7,270 6,711 6,186 5,235 5,223 5,195 4,887 4,335 2,415 13 15 14 15 18 19 22 24 28 29 197,901 193,980 196,067 185,887 182,632 184,793 181,338 183,742 167,054 155,607 270,648 138,596 270,266 132,330 257,152 127,417 288,837 122,321 330,800 113,016 336,744 125,543 341,530 111,634 331,327 118,032 328,562 157,780 385,196 123,129 10,501(3) 10,179 11,512 10,730 8,425 7,391 6,265 39,218 73,750 730,134 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 4,161,465 16,657 639,131 660,044 671,036 666,091 686,477 693,332 703,287 717,853 745,409 683,474 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 58 20,022 18,108 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: Various County Agencies 287 Maricopa County Capital Asset Statistics by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 25 28 27 29 29 194 196 198 202 203 2017-18 2018-19 2019-20 2020-21 27 29 30 30 202 208 210 200 General Government Facilities Management Number of buildings owned by Facilities Number of buildings maintained by Facilities 28 203 Public Safety Flood Control District 347 350 354 358 368 394 400 405 409 410 Justice Courts Operating alert stations 25 26 26 26 26 26 26 26 26 26 Juvenile Courts 2 2 2 2 2 2 2 2 2 2 11,509 11,149 11,149 11,088 11,013 10,006 9,329 9,329 8,476 8,476 6 6 6 6 6 6 6 5 5 5 Miles of Road 5,244 5,383 5,386 5,378 5,411 5,390 5,402 5,269 5,313 5,210 Miles of road with paved surfaces 4,429 4,570 4,573 4,582 4,581 4,578 4,609 4,509 4,167 4,462 Sheriff Inmate beds available (incl. portable) Number of jail facilities Highways and Streets Transportation Number of major bridges 20 20 20 20 20 20 20 20 20 20 Number of total bridges 273 279 279 285 287 287 291 291 294 295 2 2 2 2 2 2 2 2 2 2 Number of public health facilities 2 2 20 21 21 21 24 21 21 24 Number of WIC facilities 2 2 15 15 15 14 17 17 16 18 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 15 16 16 16 16 15 15 Bookmobiles 0 0 0 0 0 0 0 0 0 0 Regional county parks 9 9 9 9 9 9 11 12 12 12 County managed golf courses 3 3 3 3 3 3 3 3 3 3 119,257 119,257 119,257 119,257 119,257 119,968 120,039 121,185 121,185 186,109 1 2 1 1 1 2 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