Annual Comprehensive Financial Report Fiscal Year Ended June 30, 2022 COCONINO MOHAVE APACHE NAVAJO YAVAPAI LA PAZ MARICOPA COUNTY GILA GREENLEE YUMA PINAL GRAHAM PIMA COCHISE SANTA CRUZ Board of Supervisors Thomas Galvin District 2 Jack Sellers District 1 Bill Gates District 3 Clint L. Hickman District 4 Steve Gallardo District 5 Annual Comprehensive Financial Report Maricopa County Phoenix, Arizona For the Fiscal Year July 1, 2021 to June 30, 2022 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 Annual Comprehensive Financial Report Table of Contents For the Fiscal Year Ended June 30, 2022 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 Detention Operations Fund Pension Reserve Fund 93 96 97 98 Notes to Budgetary Comparison Schedules 99 Schedule of the County’s Proportionate Share of Net Pension Liability – Cost-Sharing Plans 100 Schedule of Changes in the County’s Net Pension Liability and Related Ratios – Agent Plans 102 Schedule of County Pension Contributions 106 i Table of Contents (Continued) For the Fiscal Year Ended June 30, 2022 Page Schedule of the County’s Proportionate Share of Net OPEB Liability (Asset) – CostSharing Plans 108 Schedule of Changes in the County’s Net OPEB Liability (Asset) and Related Ratios – Agent Plans 109 Schedule of County OPEB Contributions 111 Notes to Pension/OPEB Plan Schedules 112 Modified Approach for Infrastructure Assets 114 Combining and Individual Fund Statements and Schedules 117 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 124 140 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 Care Donations 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 Coronavirus Relief 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 Elections Grants Fund Emergency Management Fund Environmental Services Environmental Health Fund ii 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, 2022 Page Special Revenue Funds (Continued) 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 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 iii 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 Table of Contents (Continued) For the Fiscal Year Ended June 30, 2022 Page 239 240 241 Victim Location Fund Waste Management Fund Waste Tire Fund Debt Service Fund County Improvement Debt Fund 242 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 243 244 245 246 247 248 249 250 251 252 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 263 264 266 268 Fiduciary Funds Listing of Fiduciary Funds Combining Statement of Fiduciary Net Position, Custodial Funds Combining Statement of Changes in Fiduciary Net Position, Custodial Funds 273 274 275 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 279 280 281 283 284 286 287 288 289 290 291 292 293 294 295 296 297 298 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 22, 2022 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 Annual Comprehensive Financial Report (ACFR) of Maricopa County in accordance with generally accepted auditing standards for the year ended June 30, 2022. 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, 2022, 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, 2022. 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 61.9 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, Office of Budget and Finance, Internal Audit, Recorder, Office of Procurement Services, Human Resources, Enterprise 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, 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, Amazon.com Inc., the State of Arizona, Walmart Inc., Arizona State University, 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 jobs are now 87,000 higher than their pre-pandemic level. That growth was driven by trade, transportation and utilities, financial activities, manufacturing, education and health services, construction, professional and business services, and information (www.azeconomy.org). Maricopa County’s unemployment rate is 3.5 percent as of September 2022, which remains below the State of Arizona rate of 4.2 percent but above the United States unemployment rate of 3.3 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 annual comprehensive financial report for the fiscal year ended June 30, 2021. 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 annual comprehensive 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 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 • Schedule of the County's Proportionate Share of Net Pension Liability - Cost-Sharing Plans • Schedule of Changes in the County's Net Pension Liability and Related Ratios - Agent Plans • Budgetary Comparison Schedules - General Fund and Major Special Revenue Funds Notes to Budgetary Comparison Schedules Schedule of County Pension Contributions • • • Required Supplementary Information Schedule of the County's Proportionate Share of Net OPEB Liability • Notes to Pension/OPEB Plan Schedules Modified Approach for Infrastructure Assets • • Schedule of Changes in the County's Net OPEB Liability (Asset) and Related Ratios - Agent Plans Schedule of County OPEB Contributions • (Asset) - Cost-Sharing Plans • Nonmajor Governmental Funds • Internal Service Funds • Combining and Individual Fund Statements and Schedules Fiduciary Funds LINDSEY A. PERRY AUDITOR GENERAL ARIZONA 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 audit of the financial statements Opinions 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, 2022, and the related notes to the financial statements, which collectively comprise the County’s basic financial statements as listed in the table of contents. 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, 2022, 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. 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 as of June 30, 2022: 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 44th St., Ste. 410 • PHOENIX, AZ Assets and deferred outflows 2.52% 0.13% 1.18% Liabilities and deferred inflows  0.03% 2.10% 0.62%      Revenues Expenses/ expenditures 0.22% 1.34% 6.36% 0.52% 1.73% 6.92% 16.63% 83.37% 20.44% 79.56% 14.75% 85.25% 27.53% 72.47% 0.13% 0.18% 1.65% 0.28% 21.32% 6.26% 0.04% 0.25% 1.20% 0.04% 0.27% 1.10% 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. P Basis for opinions 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 U.S. Comptroller General. Our responsibilities under those standards are further described in the auditors’ responsibilities for the audit of the financial statements section of our report. We are required to be independent of the County and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Emphasis of matter As discussed in Note 1 to the financial statements, for the year ended June 30, 2022, the County adopted new accounting guidance, Governmental Accounting Standards Board Statement No. 87, Leases. Our opinions are not modified with respect to this matter. Other matters 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. Management’s responsibilities for the financial statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with U.S. generally accepted accounting principles, and for 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. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the County’s ability to continue as a going concern for 12 months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditors’ responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we: • • • • • Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Obtain an understanding of internal control relevant to the audit 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. Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the County’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the audit’s planned scope and timing, significant audit findings, and certain internal control-related matters that we identified during the audit. 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 93 through 99, schedule of the County’s proportionate share of the net pension liability—cost-sharing plans on pages 100 through 101, schedule of changes in the County’s net pension liability and related ratios—agent plans on pages 102 through 105, schedule of County pension contributions on pages 106 through 107, schedule of the County’s proportionate share of the net OPEB liability (asset)—cost-sharing plans on page 108, schedule of changes in the County’s net OPEB liability (asset) and related ratios—agent plans on page 109 through 110, schedule of County OPEB contributions on page 111, and the modified approach for infrastructure assets information on page 114 be presented to supplement the basic financial statements. Such information is management’s responsibility and, 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 information Combining and individual nonmajor fund financial statements and schedules Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County’s basic financial statements. The accompanying combining and individual nonmajor fund financial statements and schedules are presented for purposes of additional analysis and are not required parts of the basic financial statements. Such information is management’s responsibility and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The 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 accompanying combining and individual nonmajor fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other information Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance on the other information. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. 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 22, 2022 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 $4,545.0 million (net position), an increase of 12.7 percent from the prior year amount. Of this amount, $3,953.6 million is invested in capital assets, $701.2 million is subject to external restrictions, and ($109.8) million is unrestricted. The County’s total net position as reported in the Statement of Activities increased by $511.6 million from the prior year amount. The County’s primary sources of revenue are from intergovernmental, taxes, operating grants and contributions, and charges for services. Revenue Sources (in millions) Other - ($49.4) (-1.6%) Capital Grants & Contributions $24.5 (0.8%) Unrestricted Intergovernmental $1,065.2 (35.0%) Operating Grants & Contributions $632.1 (20.7%) Taxes - $1,050.1 (34.5%) Charges for Services $323.3 (10.6%)  The County’s governmental funds reported combined fund balances of $2,749.9 million, an increase in fund balance of $837.6 million from the prior fiscal year’s balance. Approximately 99.5 percent of the combined fund balances, or $2,735.4 million, is spendable and available to meet the County’s current and future needs.  Spendable fund balance for the General Fund increased by 14.4 percent to $706.6 million; approximately 58.7 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 117. 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, Detention Operations Fund, Pension Reserve 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 117 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 263 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 39-89 of this report. Required Supplementary Information is presented concerning the County’s General Fund, Coronavirus Fiscal Recovery Fund, Detention Operations Fund, and Pension Reserve 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 Plans, Schedule of Changes in the County’s Net Pension Liability and Related Ratios – Agent Plans, Schedule of County Pension Contributions, Schedule of the County’s Proportionate Share of Net OPEB Liability (Asset) – Cost-Sharing Plans, Schedule of Changes in the County’s Net OPEB Liability (Asset) and Related Ratios – Agent Plans, Schedule of County OPEB Contributions and Notes to the Pension/OPEB Plan Schedules. Also presented is the Modified Approach for Infrastructure Assets. Required supplementary information can be found on pages 93-114 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, 2022, as compared to the prior year. Statement of Net Position As of June 30 (in millions) Governmental Activities 2022 2021 Current and other assets Capital assets Total assets $ 3,992.3 4,151.7 8,144.0 $ % Chg P/Y 2,798.5 3,999.7 6,798.2 42.7% 3.8 19.8 Deferred outflows 413.0 445.1 (7.2) Current liabilities Long-term liabilities Total liabilities 1,042.7 2,568.1 3,610.8 759.5 2,394.0 3,153.5 37.3 7.3 14.5 Deferred inflows 401.2 56.4 611.3 3,953.6 701.2 (109.8) 4,545.0 3,881.6 648.8 (497.0) 4,033.4 1.9 8.1 77.9 12.7 Net position Net investment in capital assets Restricted Unrestricted Total net position $ $ By far, the largest portion - $4.0 billion - of the County’s net position reflects the investment in capital assets (e.g., land, buildings and improvements, machinery and equipment, infrastructure, construction in progress and intangibles), less accumulated depreciation/amortization and any related debt used to acquire those assets which is still outstanding. Net position invested in capital assets increased by $72.0 million due to an increase in net capital assets of $152.0 million and a decrease in capital asset related debt of $80.0 million. The increase in capital assets is attributed to an increase in non-depreciable capital assets of $175.1 million offset by a decrease in depreciable capital assets (net of accumulated depreciation/amortization) of $23.1 million. See page 12-13 for additional detail on capital asset changes. The County uses capital assets to provide services to its citizens; consequently, these assets are not available for future spending. Although the County’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. The second component of the County’s total net position, $701.2 million, represents resources that are subject to external restrictions on how they may be used. This component increased by $52.4 million from the prior year. The increase in restricted net position is primarily attributed to public safety and relates to the Detention Capital Projects as restricted net position in the Fund increased by $39.2 million from the prior year. This can be attributed to revenues and other financing sources exceeding expenses in the fiscal year. The final component consists of an unrestricted deficit of $109.8 million, which decreased from fiscal year 2021 by $387.2 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 8 Management’s Discussion and Analysis (Continued) fund balances increased by $243.7 and unassigned fund balances decreased by $154.5 million, from the prior fiscal year. Changes in Net Position As discussed previously, the County’s total net position of $4.5 billion increased by $511.6 million as reported in the Statement of Activities. The following table reflects the condensed Statement of Activities of the County for the fiscal year 2022 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 2022 2021 * % Chg P/Y Revenues: Program revenues: Charges for services Operating grants and contributions Capital grants and contributions $ 323.3 632.1 24.5 $ 319.4 634.4 22.1 1.2% (0.4) 10.9 General revenues: Taxes Unrestricted intergovernmental Other Total Revenues 1,050.1 1,065.2 (49.4) 3,045.8 987.4 927.0 27.8 2,918.1 6.4 14.9 (277.7) 4.4 Expenses: General government Public safety Highways and streets Health, welfare and sanitation Other* Total Expenses 282.5 1,189.7 121.4 855.4 85.2 2,534.2 231.8 1,196.7 126.5 919.0 89.1 2,563.1 21.9 (0.6) (4.0) (6.9) (4.4) (1.1) Change in net position Net position – beginning Net position – ending 511.6 4,033.4 $4,545.0 355.0 3,678.4 $4,033.4 44.1 9.7 12.7 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 $156.3 million. In the government-wide Statement of Activities, the significant revenues reported included unrestricted intergovernmental, taxes, and operating grants and contributions, which represent 35.0, 34.5, and 20.8 percent, respectively, of total revenues for fiscal year 2022. Tax revenues in total increased $62.7 million primarily as a result of an increase in jail excise tax of $38.5 million and property taxes of $21.3 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 $138.2 million from the prior fiscal year. This increase is primarily attributable to increases in the state shared sales tax and unrestricted grants of $139.2 and $1.7 million, respectively, offset by the decrease in vehicle license taxes of $2.7 million. The increases in jail excise tax, 9 Management’s Discussion and Analysis (Continued) and state shared sales tax revenues are a result of a strong economy throughout the fiscal year. Capital grants and contributions increased by $2.4 million from the prior year as capital contributions attributed to highways and streets increased by $6.0 million, offset by the decrease in other governmental activities of $3.6 million. Operating grants and contributions decreased by $2.3 million from the prior fiscal year as the result of the decrease of health, welfare and sanitation revenues of $56.4 million and education revenues of $1.8 million, offset by the increase in revenues in other governmental activities of $55.9 million. Other revenues decreased by $77.2 million as a result of decreases in unrestricted investment earnings of $106.9 million, offset by increases in miscellaneous revenues of $29.7 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 $21.1 million or 0.8 percent from the prior fiscal year, which is primarily a result of expenses for general government and public safety from governmental activities increasing by $93.7 million, offset by the decrease in other governmental activities of $72.6 million. The largest increases in major fund expenditures were for the Coronavirus Fiscal Recovery Fund, General Fund, Pension Reserve Fund, and Detention Operations Fund which increased by $187.6, $62.8, $50.8 and $21.3 million, respectively, from the prior fiscal year. Expenditures in the Coronavirus Relief Fund (a non-major fund) decreased by $302.8 million from the prior fiscal year as funding related to the CARES Act ended. In addition, pension expenses decreased by $126.3 million. 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, 2022, the governmental funds reported combined fund balances of $2,749.9 million, which was an increase in fund balance of $837.6 million from the prior fiscal year. Approximately 99.5 percent of the combined fund balances, or $2,735.4 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 $706.6 million, while total fund balance was $711.2 million. This represents an increase in the spendable fund balance from the prior year of $89.2 million, or 14.4 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 58.7 percent of the total fiscal year 2022 General Fund expenditures, while total fund balance represents 59.1 percent of that same amount. These ratios indicate a strong fund balance position in comparison to expenditures. In addition, Maricopa County operates on a structurally balanced budget as fiscal year 2023 operating expenditures are expected to be fully funded by fiscal year 2023 revenues. During fiscal year 2022, the General Fund experienced an increase in fund balance of $90.3 million, a decrease of $226.9 million from the prior fiscal year change in fund balance of $317.3 million. Revenues increased by $128.2 million from the prior fiscal year as a result of increases in state shared sales tax, miscellaneous, and property tax revenue of $139.1, $23.2, and $15.9 million, respectively, with decreases in interest income of $40.8 million due to the fair market value adjustment. Transfers out increased by 10 Management’s Discussion and Analysis (Continued) $268.4 million, and total expenditures increased by $62.8 million. The increase in transfers out is primarily a result of increases in transfers to the General Fund County Improvements Fund and Technology Capital Improvement Fund of $221.2 and $34.3 million, respectively. The increase in expenditures is primarily attributable to increases in personnel services, debt service, and supplies of $54.8, $6.9, and $3.7 million, respectively, offset by decreases in expenditures in capital outlay, and leases and rentals of $5.3 and $4.8 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 ($17.9) million. In addition, the unearned revenue amount of $646.6 million represents the remaining ARPA funding not yet spent. 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 $127.9 million, of which 97.6 percent is restricted and considered spendable. This was an increase in total fund balance of $6.0 million, or 4.9 percent from the prior fiscal year. Although the fund had more expenditures than revenues by $152.9 million, positive net transfers of $157.2 million offset the net loss in the fund. Operating transfers consisted primarily of the transfer in for MOE from the General Fund of $197.4 million and transfers out to the Detention Capital Projects Fund and County Improvement Debt Fund of $42.1 and $0.8 million, respectively. The amounts transferred out of the Detention Operations Fund for any given year are determined through the budget planning process. County Improvement Debt Fund The County Improvement Debt Fund is a debt service fund that accounts for the debt service on Certificates of Participation, Refunding Series 2016; Certificates of Participation, Series 2018A; Certificates of Participation, Series 2020; Certificates of Participation, Series 2022; and other long-term obligations. At the end of the current fiscal year, spendable fund balance of the County Improvement Debt Fund was $176.9 million. This represents an increase of $153.0 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 $150.3 million, an increase of $46.6 million from prior year. The increase was primarily the result of the Certificates of Participation, Series 2022, debt issuance of $142.8 million. 11 Management’s Discussion and Analysis (Continued) 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 $542.9 million, all of which is committed and considered spendable. The fund balance in this fund increased $69.6 million from the prior fiscal year as a result of an increase in net transfers of $72.0 million, offset by decreases in capital outlay expenditures of $2.2 million. Fiscal year 2022 transfers primarily consisted of transfers in from the General Fund of $280.9 million, which were offset by transfers out to the County Improvement Debt Fund of $204.0 million. Pension Reserve Fund The Pension Reserve Fund was established to fund the County's pension-related costs and obligations and funded through the issuance of Pledged Revenue Obligations, Taxable Series 2022, and transfers from various County funds. At the end of the current fiscal year, the spendable fund balance of the Pension Reserve Fund was $436.3 million. This was primarily the result of the Pledged Revenue Obligations, Taxable Series 2022, debt issuance of $500.8 million, which was offset by bond issuance costs and payments to retirement plans of $50.8 million. 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 revenue variance, as compared to the budget, in Non-Departmental intergovernmental revenues of $203.4 million was incurred as revenues for state shared VLT, state shared sales tax, and federal and state PILT were higher than budgeted. A significant favorable expenditure variance, as compared to the budget, was incurred in the NonDepartmental department (general government function) of $127.4 million. The savings were a result of the budget for Non-Departmental contingencies that were unused during the year. 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, 2022, was $4.2 billion (net of accumulated depreciation/amortization). Capital assets include land, buildings and improvements, infrastructure, machinery and equipment, construction in progress and intangibles. 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 10 – 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, 2022, Flood Control District infrastructure-related assets consisted of land, infrastructure (net of accumulated depreciation) and construction in progress of $240.4, $441.1, and $201.6 million, respectively. The Transportation Department infrastructure assets consist of a roadway system and a bridge system. Both systems are reported under the modified approach, which means the County will maintain the assets using an asset management system and will document that the infrastructure assets are being preserved at the established condition level. During fiscal year 2022, the condition level of both systems decreased due to new inspection protocols, but are expected to be within County expectations in subsequent fiscal years. Actual maintenance/preservation costs varied by ($13.2) million and ($0.9) million from the estimated 12 Management’s Discussion and Analysis (Continued) 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 114 for additional information. At June 30, 2022, Transportation Department infrastructure-related assets consisted of land, infrastructure and construction in progress of $438.5, $824.9, and $189.0 million, respectively. Capital assets for governmental activities are presented below (in millions) to illustrate changes from the prior year: Land Infrastructure Construction in progress Intangibles Buildings and improvements (net of accumulated depreciation) Machinery and equipment (net of accumulated depreciation) Infrastructure (net of accumulated depreciation) Intangibles (net of accumulated amortization) Totals Governmental Activities 2022 2021 $830.2 $832.8 817.5 814.5 654.0 479.5 0.2 % Chg P/Y (0.3)% 0.4 36.4 1,416.9 1,471.3 (3.7) 103.4 108.2 (4.4) 284.4 293.4 (3.1) 45.1 $4,151.7 $3,999.7 3.8 Capital assets, net of accumulated depreciation/amortization, increased by $152.0 million, or 3.8 percent, from the prior year. The most significant impacts on this increase in the fiscal year ended June 30, 2022, were increases in construction in progress of $174.5 million. These increases were offset by a decrease in buildings and improvements and infrastructure (net of accumulated depreciation) of $54.4 and 9.0 million, respectively. 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 Fitch Ratings AAA January 2020 Aaa January 2020 Moody’s Investor Services Certificates of Participation Standard & Poor’s AA+ January 2020 Fitch Ratings AA+ January 2020 Aa1 January 2020 Moody’s Investor Services At June 30, 2022, the County had total long-term liabilities (noncurrent liabilities due within one year and more than one year) outstanding of $2,568.1 million, which represents a $174.1 million increase from the prior year balance of $2,394.0 million. The majority of the $174.1 million increase is attributable to governmental activities and is primarily comprised of the increase in pledged revenue obligations of $500.8 million and a net increase in certificates of participation of $78.7 million, which were offset by the decrease in net pension and other postemployment benefits liability, and financed purchases of $440.3 million, and $8.6 million, respectively. In addition, the County reported $46.3 million in leases payable at June 30, 2022 due to the implementation of GASB 87. The largest components of long-term liabilities at June 30, 2022, consisted of net pension and other postemployment benefits liability of $1,627.7 million, pledged revenue obligation of $500.8 million, certificates of participation of $249.5 million, and reported and incurred but not reported claims of $95.3 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, 2022, the fund balance in the County Improvement Debt Fund to pay future liabilities was $176.9 million. Reported and incurred but not reported claims applicable to governmental activities of $95.3 million are reported in the Risk Management and Employee Benefits Trust funds (internal service funds). This is an increase of $2.2 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 12 – Long-Term Liabilities and Note 15 – Risk Management). Net pension and other postemployment benefits (OPEB) liabilities applicable to governmental activities of $1.6 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 jobs are now 87,000 higher than their pre-pandemic level. That growth was driven by trade, transportation and utilities, financial activities, manufacturing, education and health services, construction, professional and business services, and information (www.azeconomy.org).  The unemployment rate in Maricopa County is 3.5 percent as of September 2022, which remains below the State of Arizona unemployment rates of 4.2 percent but is above the United States rate of 3.3 percent. (https://fred.stlouisfed.org).  The Arizona Office of Economic Opportunity reports that Maricopa County’s population increased by 1.5 percent from fiscal year 2020 to 2021. Maricopa County’s population increased 16.0 percent from 2012 to 2021, 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 Budget Office developed a financial forecast to assist in both short and long range financial planning. This forecast provides a conservative estimate of the County’s fiscal condition through the next five years. The forecast was instrumental in the determination of the fiscal year 2023 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 2023, the adopted tax rate decreased from $1.3459 to $1.2473.  The fiscal year 2023 tax levy decreased by $12.5 million from fiscal year 2022, as a result of a decrease in property tax rates. Yearly assessed property valuation growth rates are anticipated to increase by approximately 4.4 percent from fiscal year 2024 through 2027.  Fiscal year 2023 annual collections of State Shared Sales Tax, Highway User Revenues, and County Jail Excise Tax revenues are expected to increase by 5.0, 7.7, and 4.5 percent, respectively, from the prior year. Vehicle License Tax is budgeted to decrease 0.3 percent from prior year. 14 Management’s Discussion and Analysis (Continued) In addition, the fiscal year 2023 budget includes funding for an initiative approved by the Board of Supervisors in January 2022 to address the unfunded pension liability for the Maricopa County Sheriff’s Office Public Safety Personnel Retirement System Plan (PSPRS) and the Maricopa County Corrections Officer Retirement Plan (CORP). This initiative included the issuance of the Pledged Revenue Obligations, Taxable Series 2022, utilizing the proceeds to reduce the unfunded actuarial accrued liabilities of these plans to achieve a targeted funded ratio of 75%. The fiscal year 2023 budget includes a payment of $260 million to PSPRS and CORP from the Pledged Revenue Obligations, Series 2022 proceeds. See Note 12Long-Term Liabilities and Note 19 – Subsequent Event for additional information. 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). 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. Pension Reserve Fund –was established to fund the County's pension-related costs and obligations and funded through the issuance of Pledged Revenue Obligations, Taxable Series 2022, and transfers from various County funds. 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, Certificates of Participation, Series 2022, 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, Certificates of Participation, Series 2022, 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, 2022 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 – not being depreciated Infrastructure – being depreciated Construction in progress Intangibles – not being amortized Intangibles – being amortized Accumulated depreciation/amortization Total assets $ 56,823,899 3,443,028,100 $ 40,173,963 302,430,788 16,983,577 11,540,990 1,915,562 15,791,436 $ 23,549,680 4,620,737 43,366 2,042,404 36,060 306,540 102,794 5,791,515 36,331 2,395 69,559,454 49,909,693 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 Deferred inflows related to leases 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 830,167,064 2,280,253,962 403,963,447 817,485,775 441,101,796 654,013,268 209,788 54,152,067 (1,329,698,608) 8,144,014,585 6,115,136 156,062,516 6,816,141 413,023,950 413,023,950 847,650 847,650 134,111,839 7,467,290 148,483,864 2,557,053 731,158,545 12,809,278 6,080,636 419,750 380,308 396,492 421,735 458,940,112 2,109,178,770 3,610,787,387 2,667,912 42,192,739 46,814,204 398,442,206 98,950 2,674,840 401,215,996 885,486 1,171,201 2,056,687 3,953,647,970 77,352,896 31,092,128 482,225,539 106,597,495 30,916,224 45,567,746 4,805,347 (109,817,297) 4,545,035,152 $ The notes to the financial statements are an integral part of this statement. 21 6,065 1,003,467 (53,279,809) 140,788,200 28,258,574 12,536,262 5,822 10,298 335,268 12,552,382 5,044,156 $ 10,367,907 92,764,959 $ 15,706,192 15,706,192 Maricopa County Statement of Activities For the Fiscal Year Ended June 30, 2022 Program Revenues Charges for Services Expenses Operating Capital Grants and Contributions Grants and Contributions Functions/Programs Primary government: Governmental activities: General government $ Public safety 282,490,554 $ 72,486,783 $ 40,278,998 $ 1,189,756,597 138,346,450 38,387,774 1,319,076 Highways and streets 121,359,034 25,210,662 134,719,648 23,187,461 Health, welfare and sanitation 855,376,167 67,204,222 398,663,356 Culture and recreation 57,100,027 19,280,449 1,687,325 Education 22,917,773 5,230,128 819,385 18,356,956 2,534,230,280 323,347,951 632,094,057 24,506,537 19,969,909 1,748,525 Interest on long-term debt Total governmental activities Component units: Housing Authority $ 34,141,211 $ 8,156,409 Industrial Development Authority $ 12,757,187 $ 5,394,947 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, 2021 Net position, June 30, 2022 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 (169,724,773) (1,011,703,297) 61,758,737 (389,508,589) (36,132,253) (3,741,432) (5,230,128) (1,554,281,735) $ (4,266,368) $ (7,362,240) 682,211,005 80,260,117 27,508,646 4,467,376 249,052,141 6,558,390 866,717,711 194,915,156 3,625,878 $ (104,256,572) 397,099 54,877,375 (8,084) 952,670 9,681 2,065,937,223 1,341,685 (207,423) 511,655,488 4,033,379,664 4,545,035,152 (2,924,683) 95,689,642 92,764,959 (7,569,663) 23,275,855 15,706,192 $ 23 (217,104) $ Maricopa County Balance Sheet Governmental Funds June 30, 2022 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 Bonds payable Unearned revenue Deposits held for other parties Contract retention payable Total liabilities $ 4,219 640,282,763 1,155,461 Pension Reserve Detention Operations 47,708,537 520,027,210 18,989,931 30,103,688 167,234,301 4,567,866 5,096,076 $ $ 793,727,609 $ 641,442,443 $ 156,437,785 $ 30,362,118 42,955,183 726,197 $ 12,664,775 84,992 $ 9,264,293 17,970,646 1,044,129 $ 2,787,747 104,482,513 381,848 $ 435,514,270 784,230 45,087,901 3,025,762 672,014 $ 4,750 436,303,250 646,593,114 21,928 263,232 74,328,658 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Deferred inflows related to leases Total deferred inflows of resources 659,342,881 28,279,068 8,235,796 274,810 FUND BALANCES Nonspendable Restricted Committed Assigned Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances Coronavirus Fiscal Recovery 8,235,796 274,810 4,567,866 3,025,762 124,858,145 436,303,250 127,883,907 436,303,250 683,820,008 22,775,281 711,163,155 $ 793,727,609 (17,900,438) (17,900,438) $ 641,442,443 $ 156,437,785 $ 436,303,250 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, 2022, 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 $ $ 176,591,747 317,989 $ 69,553,891 246,463,627 $ General Fund County Improvements County Improvement $ 170,119,322 307,497 Other Governmental Funds $ 544,080,282 $ 170,426,819 $ 544,080,282 $ $ 11,434,263 $ 868,017 $ 707,043 745,705,999 14,008,600 90,108,586 6,939,060 1,429,153 813 858,899,254 Total Governmental Funds $ $ $ 305,979 70,556 64,992,365 2,955,056 2,248 29,629,920 8,272,840 20,083,638 84,565,431 6,058,708 3,953,787 192,157,515 129,585,831 63,965,877 2,078,553 29,700,476 2,428,891 67,125,000 731,158,545 6,080,636 12,809,278 1,044,933,087 1,127,992 40,599,782 2,674,840 44,402,614 9,363,788 40,874,592 2,674,840 52,913,220 14,532,688 1,199,101,971 886,672,204 683,820,008 (34,192,109) 2,749,934,762 2,428,891 67,125,000 69,553,891 $ 319,419 1,187,436 176,909,736 141,098,321 9,428,097 542,892,846 6,939,060 496,842,255 157,441,525 176,909,736 (183,237) 150,343,181 542,892,846 (38,883,715) 622,339,125 246,463,627 $ 51,207,546 3,336,804,106 35,945,556 30,103,688 302,430,788 14,532,688 7,197,243 69,559,454 3,847,781,069 170,426,819 $ 544,080,282 $ $ 858,899,254 4,114,896,536 50,238,380 49,909,693 37,335,877 (2,472,603,304) 15,323,208 $ 25 4,545,035,152 Maricopa County Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds Year Ended June 30, 2022 General Coronavirus Fiscal Recovery 669,238,483 $ Detention Operations Pension Reserve REVENUES Taxes $ Licenses and permits $ 249,052,141 $ 1,564,027 Intergovernmental 1,078,956,261 205,634,050 3,200 Charges for services 71,439,452 18,474,155 Fines and forfeits 9,955,257 2,052 Special assessments Interest income Miscellaneous Total revenues (38,641,019) 49,250,725 (19,829,210) 241,446 (5,978,543) 167,893 (13,696,750) 1,841,763,186 186,046,286 261,720,898 (13,696,750) 50,000,000 EXPENDITURES Current: General government 184,545,244 37,295,008 Public safety 668,325,366 11,378,829 342,498,065 324,344,920 148,252,185 68,110,485 861,313 299,762 Highways and streets 83,651 Health, welfare and sanitation Culture and recreation Education 2,400,317 231,883 Debt service: Principal 6,273,684 176,885 355,540 Interest 667,822 19,282 19,952 16,085,251 9,175,468 3,442,048 1,203,587,568 206,597,419 414,657,973 50,825,000 638,175,618 (20,551,133) (152,937,075) (64,521,750) Other expenses 825,000 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 12,068,000 200,123,669 Transfers out (568,167,336) (42,925,709) 6,532,056 1,244,191 Financed purchase agreements Proceeds from bond issuance 500,825,000 575,112 882,671 (548,992,168) 882,671 Net change in fund balances 89,183,450 Fund balances, July 1, 2021 620,826,395 1,153,310 711,163,155 Lease agreements Total other financing sources (uses) Increase (decrease) in inventories Fund balances, June 30, 2022 $ $ The notes to the financial statements are an integral part of this statement. 26 158,442,151 500,825,000 (19,668,462) 5,505,076 436,303,250 1,768,024 121,882,005 496,826 127,883,907 (17,900,438) $ $ 436,303,250 County Improvement Debt $ County Improvement $ General Fund Other Total County Improvements Governmental Funds Governmental Funds $ $ 113,704,338 $ 57,136,064 430,630,309 1,715,223,820 115,465,459 205,379,066 7,422,811 17,380,120 4,467,376 4,467,376 (5,501,324) (4,941,176) 12,249 (12,012,880) 9,375,753 (100,600,902) 59,048,066 (5,501,324) (4,928,927) 724,625,203 2,990,028,572 305,979 5,994,066 228,140,297 125,543,783 1,197,746,043 85,247,960 85,331,611 306,643,540 847,351,130 46,453,258 47,614,333 19,956,067 22,588,267 87,522,792 1,201,655 95,530,556 5,230,128 448,677 6,385,861 308,346 88,503,344 7,212,157 162,587,643 1,133,346 287,005,911 92,752,920 89,117,669 7,212,157 754,076,649 2,818,827,355 (98,254,244) (94,046,596) (7,212,157) (29,451,446) 171,201,217 251,276,603 200,000 280,929,153 195,484,148 940,081,573 (2,333,326) (204,093,721) (122,561,481) (940,081,573) 4,031,710 11,807,957 8,727,303 643,635,000 10,185,086 85,681,680 665,628,043 142,810,000 251,276,603 $ 1,031,994,962 55,572,037 140,676,674 76,835,432 153,022,359 46,630,078 69,623,275 56,230,234 836,829,260 23,887,377 103,713,103 473,269,571 566,944,556 (835,665) 622,339,125 1,912,291,031 814,471 2,749,934,762 176,909,736 $ 150,343,181 $ 542,892,846 27 $ $ 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, 2022 Net change in fund balances – total governmental funds (page 27) $ 836,829,260 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/amortization expense. This is the amount by which capital outlays exceeded depreciation in the current period. 156,254,886 The net effect of various miscellaneous transactions involving capital assets is a decrease to net position. (36,120,724) Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds. 23,430,653 The issuance of long-term debt 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. (565,493,822) 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. (216,122) 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. 2,777,066 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 94,194,291 $ 511,655,488 29 Maricopa County Statement of Net Position Proprietary Funds June 30, 2022 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 Prepaids Total current assets $ 5,616,353 106,223,994 4,062,326 166,081 2,450,889 6,259,309 124,778,952 Noncurrent assets: Capital assets: Buildings and improvements Machinery and equipment Intangibles Accumulated depreciation/amortization Total noncurrent assets 16,280,574 50,144,028 2,194,129 (31,866,708) 36,752,023 Total assets 161,530,975 DEFERRED OUTFLOWS OF RESOURCES 3,520,879 3,520,879 Deferred outflows related to pensions Total deferred outflows of resources LIABILITIES Current liabilities: Accounts payable Employee compensation payable Accrued liabilities Due to other funds Interest payable Leases payable (current portion) Liability for reported but unpaid and incurred but not reported claims (current portion) Total current liabilities 4,526,008 2,145,408 5,388,737 403,212 13,066 63,152 34,698,094 47,237,677 Noncurrent liabilities: Liability for reported but unpaid and incurred but not reported claims 60,638,171 Leases payable 2,059,995 13,418,841 76,117,007 Net pension liability Total noncurrent liabilities Total liabilities 123,354,684 DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pensions 4,361,293 4,361,293 Total deferred inflows of resources NET POSITION Net investment in capital assets Unrestricted 36,752,023 583,854 $ Total net position The notes to the financial statements are an integral part of this statement. 30 37,335,877 Maricopa County Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds Year Ended June 30, 2022 Governmental Activities – Internal Service Funds OPERATING REVENUES Charges for services $ Miscellaneous 297,592,762 1,793,014 299,385,776 Total operating revenues OPERATING EXPENSES Personal services 18,785,276 Supplies 14,276,042 Other services 27,407,134 Legal 3,042,512 Insurance and claims 204,865,939 Leases and rentals 133,524 Repairs and maintenance 1,579,974 Travel and transportation 102,453 Utilities 11,275,476 12,307,982 Depreciation/Amortization Total operating expenses 293,776,312 Operating income 5,609,464 NONOPERATING REVENUES (EXPENSES) Investment income (2,558,326) Interest expense Total nonoperating revenues (expenses) (81,715) (192,357) (2,832,398) Income before contributions and transfers 2,777,066 Gain (loss) on disposal of assets 8,437,337 Capital contributions Change in net position 11,214,403 Total net position, July 1, 2021 26,121,474 Total net position, June 30, 2022 $ The notes to the financial statements are an integral part of this statement. 31 37,335,877 Maricopa County Statement of Cash Flows Proprietary Funds Year Ended June 30, 2022 Governmental Activities Internal Service Funds CASH FLOWS FROM OPERATING ACTIVITIES Receipts from other funds Receipts from customers Other receipts Payments for goods and services $ 270,890,742 26,472,671 1,793,014 (261,288,448) Payments for personal services and benefits (18,438,087) Net cash provided by operating activities 19,429,892 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Loan repaid to from General Fund (347,884) (347,884) Net cash used for noncapital financing activities CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets Proceeds from disposal of assets Principal paid on leases Interest paid on leases (67,821) 3,006 (70,982) (68,649) (204,446) Net cash used for capital and related financing activities CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends (2,547,677) (2,547,677) Net cash used for investing activities Net increase in cash and cash equivalents Cash and cash equivalents, July 1, 2021 Cash and cash equivalents, June 30, 2022 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/Amortization 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 but unpaid and incurred but not reported claims - current Deferred inflows of resources related to pensions $ 16,329,885 95,510,462 111,840,347 $ 5,609,464 12,307,982 2,095,674 $ Net cash provided by operating activities SCHEDULE OF NONCASH INVESTING, CAPITAL AND NONCAPITAL FINANCING ACTIVITIES Capital assets disposed Accumulated depreciation on capital assets disposed Capital assets transferred to governmental funds Accumulated depreciation on capital assets transferred to governmental funds Loss on disposal of capital assets transferred to governmental funds Capital asset additions expensed in governmental funds Capital contributions on capital asset additions expensed in governmental funds Accrued interest payable on leases Interest expense on leases The notes to the financial statements are an integral part of this statement. 32 $ (229,349) (166,723) (962,485) (241,666) 504,403 133,181 (3,678,374) (159,979) 83,716 4,134,048 19,429,892 (567,456) 567,456 (252,597) 57,234 195,363 8,437,337 (8,437,337) (13,066) 13,066 33 Maricopa County Statement of Fiduciary Net Position Fiduciary Funds June 30, 2022 Custodial External Private-Purpose Trust Funds Investment Pool Other Assets Cash and investments in bank and on hand Cash and investments held by County Treasurer $ 9,328,499 $ $ 86,314,083 4,524,417,611 184,981,345 8,147,109 $ 4,532,564,720 $ 247,005,419 38,210 518,339,057 $ $ 31,270,191 Property tax receivable for other governments Interest receivable Total assets $ 9,328,499 Liabilities Property tax payable to other governments $ 31,270,191 Total liabilities Net Position Restricted for: Pool participants 4,532,564,720 Individuals, organizations, and other governments Total net position 9,328,499 9,328,499 $ The notes to the financial statements are an integral part of this statement. 34 $ 4,532,564,720 $ 487,068,866 487,068,866 Maricopa County Statement of Changes in Fiduciary Net Position Fiduciary Funds Year Ended June 30, 2022 Custodial External Private-Purpose Investment Trust Funds Pool Other Additions: Contributions from pool participants $ $ 10,380,137,969 $ Property tax collections for other governments Fines, fees, and forfeitures collected for other governments 5,095,849,342 151,153,660 Investment earnings: Interest income 31,977,499 341,611 (158,006,441) Net increase (decrease) in fair value of investments (126,028,942) Net investment income 341,611 23,396,860 19,855,214 Other 19,855,214 Total additions 10,254,109,027 5,270,741,473 Deductions: Distributions to pool participants 9,500,324,138 Distributions to other governments 740,907,624 Property tax distributions to other governments 5,092,977,541 Fines, fees, and forfeitures distributed to other governments 111,019,016 7,667,381 19,306,987 Other 19,306,987 9,500,324,138 5,952,571,562 Change in net position 548,227 753,784,889 (681,830,089) Net position, July 1, 2021 8,780,272 3,778,779,831 1,168,898,955 9,328,499 $ 4,532,564,720 Total deductions Net position, June 30, 2022 $ The notes to the financial statements are an integral part of this statement. 35 $ 487,068,866 36 Financial Section Basic Financial Statements - Notes Basic Financial Statements - Notes Maricopa County Basic Financial Statements – Notes NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 2 REPORTING CHANGES NOTE 3 FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS NOTE 4 RECONCILIATION STATEMENTS NOTE 5 STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY NOTE 6 DEPOSITS AND INVESTMENTS NOTE 7 CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL NOTE 8 RECEIVABLES NOTE 9 DUE FROM OTHER GOVERNMENTAL UNITS NOTE 10 CAPITAL ASSETS NOTE 11 CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS NOTE 12 LONG-TERM LIABILITIES NOTE 13 MUNICIPAL LANDFILL CLOSURE AND POSTCLOSURE CARE COSTS NOTE 14 MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT NOTE 15 RISK MANAGEMENT NOTE 16 POLLUTION REMEDIATION OBLIGATIONS NOTE 17 PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS NOTE 18 INTERFUND BALANCES AND ACTIVITY NOTE 19 SUBSEQUENT EVENT NOTE 20 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, 2022, the County implemented the provisions of GASB Statement No. 87, Leases, as amended, which establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. As a result, the County’s financial statements have been modified to reflect the recognition of certain lease assets and liabilities for leases that were previously classified as operating leases and recognized as inflows or outflows of resources based on the contract payment provisions. A. Reporting Entity Maricopa County is a general purpose local government that a separately elected board of supervisors governs. 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 41 Notes to the Financial Statements (Continued) Phase I, L.L.C., and Madison Heights Phase II, L.L.C. The River at Eastline, L.L.C., Coffelt Tenant, 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 units. Governmental activities generally are financed through taxes and intergovernmental revenues. Business-type activities are financed in whole or in part by fees charged to external parties. The statement of activities presents a comparison between direct expenses and program revenues for each function of the County’s governmental activities and segment of its business-type activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. The County does not allocate indirect expenses to programs or functions. Program revenues include:  Charges to customers or applicants for goods, services, or privileges provided.  Operating grants and contributions.  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 and enterprise 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 and insurance premiums, in which each party receives and gives up essentially equal values, are reported as operating revenues. Other revenues, such as 42 Notes to the Financial Statements (Continued) subsidies, result from transactions in which the parties do not exchange equal values and are considered nonoperating revenues along with investment earnings and revenues ancillary activities generate. Operating expenses include the cost of services, administrative expenses, and depreciation on capital assets. Other expenses, such as interest expense, are considered nonoperating expenses. 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 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 (COVID19). 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, Certificates of Participation, Series 2022, 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, Certificates of Participation, Series 2022, 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. Pension Reserve Fund – accounts for pension related costs and obligations funded through the issuance of the Pledged Revenue Obligations, Taxable Series 2022. 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 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. Issuances of general long-term debt and acquisitions under lease contracts are reported as other financing sources. D. Cash and Investments For the statement of cash flows, the County’s cash and cash equivalents are considered to be cash on hand, demand deposits, cash and investments held by the County Treasurer, and only those highly liquid investments with a maturity of three months or less when purchased. School and fire district bonds that mature within 90 days of year-end are reported at amortized cost. All other investments are stated at fair value. E. Inventories Inventories reported on the government-wide and the internal service funds financial statements are recorded as assets when purchased and expensed when consumed. The amounts shown on the statement of net position for government-wide and the internal service funds are valued at cost using first-in, first-out and the moving average methods, respectively. The County accounts for its inventories in the governmental funds using the purchase method. Inventories of the governmental funds consist of expendable supplies held for consumption and are recorded as expenditures at the time of purchase. Amounts on hand at year-end are shown on the balance sheet as an asset for informational purposes only and as nonspendable fund balance to indicate that they do not constitute “available spendable resources.” These inventories are stated at weighted-average cost. F. Property Tax Calendar The County levies real property taxes and commercial personal property taxes on or before the third Monday in August that become due and payable in two equal installments. The first installment is due on the first day of October and becomes delinquent after the first business day of November. The second installment is due on the first day of March of the next year and becomes delinquent after the first business day of May. 44 Notes to the Financial Statements (Continued) 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, infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), and intangible right to use lease assets are reported in the governmentwide statements and the proprietary funds. Capital assets, except for intangible right to use lease assets, are defined as assets with an initial, individual cost of more than $5,000. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets’ lives are not capitalized. Property, plant, and equipment are depreciated using the straight-line method over the following estimated useful lives: Type of Assets Buildings and improvements Infrastructure Autos and trucks Other equipment Estimated Useful Life (In Years) 20 - 50 25 - 50 3 - 10 3 - 20 All infrastructure assets are reported on the government-wide financial statements. Infrastructure maintained by the County Department of Transportation consists of roadways, bridges and related assets. These assets are not depreciated as they are reported using the modified approach. Under the modified approach, the County’s roadway and bridge systems are being preserved at a specified condition level established by the County. For information on the modified approach, see Required Supplementary Information – Modified Approach for Infrastructure Assets. The Flood Control District accounts for the County’s remaining infrastructure assets consisting of drainage systems, dams, flood channels and canals. Intangible right-to-use lease assets with an initial value of $100,000 or more are reported and are amortized over the shorter of the lease term or the useful life of the underlying asset. H. Postemployment Benefits For purposes of measuring the net pension and other postemployment benefits (OPEB) assets and liabilities, deferred outflows of resources and deferred inflows of resources related to pensions and OPEB, and pension and OPEB expense, information about the plans’ fiduciary net position and additions to/deductions from the plans’ fiduciary net position have been determined on the same basis as they are reported by the plans. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. I. 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. 45 Notes to the Financial Statements (Continued) The nonspendable fund balance classification includes amounts that cannot be spent because they are either not in spendable form, such as inventories, or are legally or contractually required to be maintained intact. Restricted fund balances are those that have externally imposed restrictions on their usage by creditors (such as through debt covenants), grantors, contributors, or laws and regulations. The unrestricted fund balance category is composed of committed, assigned, and unassigned resources. Committed fund balances are self-imposed limitations the County’s Board of Supervisors approved, which is the highest level of decision-making authority within the County. Only the Board can remove or change the constraints placed on committed fund balances through formal Board action. Assigned fund balances are resources constrained by the County’s intent to be used for specific purposes, but that are neither restricted nor committed. Only the Board of Supervisors has authorization to assign fund balances. The unassigned fund balance is the residual classification for the General Fund and includes all spendable amounts not reported in the other classifications. Also, deficits in fund balances of the other governmental funds are reported as unassigned. The County’s policy is to account for most restricted and committed revenue sources (subject to legal restriction, etc.) by segregating them in a separate fund; however, by its nature, the General Fund may have several different classifications of fund balance. Therefore, when expending General Fund balance, if an expenditure is incurred that can be paid from either restricted or unrestricted fund balances, it is the County’s policy to use unrestricted fund balance first. For the disbursement of unrestricted fund balances, it is the County’s policy to use unassigned amounts first, followed by assigned amounts, and lastly committed amounts. J. Investment Earnings Investment earnings are composed of interest, dividends, and net changes in the fair value of applicable investments. K. Compensated Absences Compensated absences payable 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-to-year, up to 240 or 320 hours (depending on employee classification) of vacation leave, but any vacation hours in excess of the maximum amount that are unused at calendar year-end convert to sick leave. Upon terminating employment, all unused vacation benefits are paid to employees. Accordingly, vacation benefits are accrued as a liability in the financial statements. Employees may accumulate an unlimited number of sick leave hours. Generally, sick leave benefits provide for ordinary sick pay and are cumulative but employees forfeit them upon terminating employment. Because sick leave benefits do not vest with employees, a liability for sick leave benefits is not accrued in the financial statements. However, upon retirement, County employees with accumulated sick leave in excess of 1,000 hours are entitled to a $10,000 nontaxable investment in a Post-Employment Health Plan (PEHP) established pursuant to Internal Revenue Code §501(c)(9). The obligations vested at June 30, 2022, 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, because of employee resignations and retirements by fiscal year-end. 46 Notes to the Financial Statements (Continued) L. Leases As lessee, the County recognizes lease liabilities with an initial, individual value of $100,000 or more. The County uses its estimated incremental borrowing rate to measure lease liabilities unless it can readily determine the interest rate implicit in the lease. The County’s estimated incremental borrowing rate is based on Municipal Market Data (MMD) AAA Curve yield rate index. As lessor, the County recognizes lease receivables with an initial, individual value of $100,000 or more. If there is no stated rate in the lease contract (or if the stated rate is not the rate the County charges the lessee) and the implicit rate cannot be determined, the County uses its own estimated incremental borrowing rate as the discount rate to measure lease receivables. The County's estimated incremental borrowing rate is calculated as described above. 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 $500 thousand in credit card rebates during calendar year 2021. NOTE 2 – REPORTING CHANGES Beginning in fiscal year 2022, the County established the following funds: Pension Reserve Fund (special revenue fund), a major governmental fund, and Animal Care Donations Fund (non-major special revenue fund). 47 Notes to the Financial Statements (Continued) NOTE 3 – FUND BALANCE CLASSIFICATIONS OF THE GOVERNMENTAL FUNDS The fund balance classifications of the governmental funds as of June 30, 2022, were as follows: Coronavirus Fiscal Recovery General Fund Detention Operations Fund Pension Reserve Fund $ $ County Improvement Debt Fund Fund balances: Nonspendable: Inventory Total nonspendable $ 4,567,866 4,567,866 $ Restricted for: Capital projects Education Flood control Health and welfare Judicial activities Law enforcement Library district Other purposes Parks and recreation Pension obligation Social services Stadium district Transportation Waste management Total restricted 3,025,762 3,025,762 $ 124,858,145 436,303,250 124,858,145 436,303,250 Committed to: Capital projects Debt service Health and welfare Other purposes Total committed 176,909,736 176,909,736 Assigned to: General government Total assigned 683,820,008 683,820,008 Unassigned 22,775,281 (17,900,438) $ 711,163,155 $ (17,900,438) Total fund balances 48 $ 127,883,907 $ 436,303,250 $176,909,736 Notes to the Financial Statements (Continued) Fund balances: Nonspendable: Inventory Total nonspendable County Improvement Fund General Fund County Improvements Fund $ $ Restricted for: Capital projects Education Flood control Health and welfare Judicial activities Law enforcement Library district Other purposes Parks and recreation Pension obligation Social services Stadium district Transportation Waste management Total restricted Other Governmental Funds $ 6,939,060 6,939,060 Total $ 139,914,868 217,341 6,751,529 105,614,175 3,231,187 496,842,255 141,098,321 Committed to: Capital projects Debt service Health and welfare Other purposes Total committed 139,914,868 4,805,347 137,916,345 22,685,800 37,204,078 256,287,810 31,378,173 9,710,001 7,082,067 436,303,250 217,341 6,751,529 105,614,175 3,231,187 1,199,101,971 4,805,347 137,916,345 22,685,800 37,204,078 130,246,212 31,378,173 9,710,001 7,082,067 1,183,453 9,428,097 9,428,097 542,892,846 102,816,081 542,892,846 17,645,241 36,980,203 157,441,525 655,137,024 176,909,736 17,645,241 36,980,203 886,672,204 Assigned to: General government Total assigned 683,820,008 683,820,008 (38,883,715) (183,237) Unassigned Total fund balances 14,532,688 14,532,688 $ 150,343,181 49 $ 542,892,846 $ 622,339,125 (34,192,109) $ 2,749,934,762 Notes to the Financial Statements (Continued) NOTE 4 – RECONCILIATION OF GOVERNMENT-WIDE AND FUND FINANCIAL STATEMENTS The Governmental Funds Balance Sheet includes the reconciliation between fund balances – total governmental funds and net position – Governmental Activities as reported in the government-wide Statement of Net Position. The details of this reconciliation follow: Fund balances – total governmental funds $ 2,749,934,762 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 Intangibles Accumulated depreciation/amortization Net governmental funds capital assets at June 30, 2022 830,167,064 2,263,973,388 353,819,419 1,258,587,571 654,013,268 52,167,726 (1,297,831,900) 4,114,896,536 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, 2022 Unavailable revenue for grant revenues receivable at June 30, 2022 Unavailable revenue for other revenues receivable at June 30, 2022 9,363,788 40,599,782 274,810 50,238,380 OPEB assets are not available for County operations and therefore, are not reported in the funds. 49,909,693 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. 37,335,877 Some long-term liabilities and compensated absences are not due and payable shortly after June 30, 2022, and therefore, are not reported in the funds. Certificates of participation payable at June 30, 2022 Pledged revenue obligations payable at June 30, 2022 COP premium unamortized at June 30, 2022 Financed purchases payable at June 30, 2022 Governmental funds compensated absences payable at June 30, 2022 Liability for closure and postclosure costs at June 30, 2022 Accrued interest at June 30, 2022 Leases liability at June 30, 2022 Net pension and OPEB liability at June 30, 2022 (182,400,000) (500,825,000) (3,216,849) (38,891,468) (82,372,579) (6,331,479) (115,096) (44,159,964) (1,614,290,869) (2,472,603,304) 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, 2022 Deferred inflows of resources related to pensions and OPEB at June 30, 2022 Deferred charges on debt refunding at June 30, 2022 409,503,071 (394,080,913) (98,950) 15,323,208 $ Net position of governmental activities 50 4,545,035,152 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 $ 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/amortization expense for the year ended June 30, 2022 Add: Internal service funds depreciation/amortization expense for the year ended June 30, 2022 836,829,260 257,062,046 (113,115,142) 12,307,982 156,254,886 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, 2022 Adjustment for net value of assets acquired in prior years 9,459,568 (46,925,341) 1,345,049 (36,120,724) 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, 2022 roperty taxes earned but not yet received during the year ended June 30, 2022 Unavailable revenue earned but not yet received during the year ended June 30, 2022 20,369,968 5,112 3,055,573 23,430,653 The issuance of long-term debt 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 certificates of participation Proceeds from pledged revenue obligations Principal payments on financed purchases Proceeds from financed purchases Principal payments on leases Proceeds from leases Accrued interest payable Amortization of COPs premium Amortization of deferred charges on debt refunding 67,125,000 (142,810,000) (500,825,000) 20,397,791 (11,807,957) 8,007,762 (10,185,086) (115,096) 4,669,288 49,476 (565,493,822) 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 (1,277,883) 814,471 247,290 (216,122) 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. 2,777,066 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 and OPEB, is reported in the Statement of Activities. County pension and OPEB contributions Pension and OPEB expense $ Change in net position of governmental activities 51 222,171,819 (127,977,528) 94,194,291 511,655,488 Notes to the Financial Statements (Continued) NOTE 5 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY At June 30, 2022, the following nonmajor governmental and proprietary funds reported deficits in fund balance or net position. FUND DEFICIT Governmental Funds: Accommodation Schools Adult Probation Grants Air Quality Grants Animal Care Donations CDBG Housing Trust Clerk of the Court Grants County Attorney Grants Election Grants Emergency Management Flood Control Grants Human Services Grants Parks and Recreation Grants Public Health Grants School Grants Sheriff Grants Superior Court Fill the Gap Superior Court Grants Transportation Grants $ Proprietary Funds: Equipment Services Risk Management 571,300 43,026 548,945 2,938 1,961,805 87,506 452,021 72,001 973,504 4,523 8,789,914 20,500 24,020,960 253,543 158,332 15,650 54,187 433,618 2,910,648 73,110,205 The deficits in fund balances for Adult Probation Grants, Air Quality Grants, CDBG Housing Trust, Clerk of the Court Grants, County Attorney Grants, Election Grants, Emergency Management, Flood Control Grants, Human Services Grants, Parks and Recreation 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, 2022, Equipment Services had deficit net position of $2,910,648. 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, 2022, the total net position deficit was $73,110,205. This is primarily due to the Risk Management Fund not being funded for noncurrent accrued claim liabilities. The fund balance deficit for Accommodation Schools, Animal Care Donations, and Superior Court Fill the Gap resulted from operations during the year and is expected to be corrected during normal operations in fiscal year 2023. 52 Notes to the Financial Statements (Continued) NOTE 6 – DEPOSITS AND INVESTMENTS Arizona Revised Statutes (A.R.S.) authorize the County to invest public monies in the State Treasurer’s investment pool; obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, sponsored corporations, or instrumentalities; specified state and local government bonds, 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 these 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, 2022, the carrying amount of the County’s deposits was $480,926,847 and the bank balance was $435,165,415. It is the County’s investment policy to collateralize all deposits not covered by depository insurance in accordance with Statutes. Underlying collateral securities for deposits are held by the bank trust department and pledged on behalf of the County. Investments—The County had total investments of $7,893,372,824 at June 30, 2022. 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) 341,088,087 $ $ 341,088,087 U.S. agency securities 2,552,470,037 2,497,588,387 Corporate bonds 2,243,958,324 2,243,958,324 Short term bills and notes 596,432,612 596,432,612 Commercial paper 174,687,450 174,687,450 School/fire district bonds Significant unobservable inputs (Level 3) $ 54,881,650 63,535,246 Total investments by fair value level 63,535,246 5,972,171,756 Investments measured at the net asset value (NAV) Money market mutual funds Money market mutual funds with trustee Total investments measured at the NAV $ 5,853,754,860 $ 118,416,896 1,750,000,000 69,558,641 1,819,558,641 Investments measured at amortized cost School/fire district bonds 14,655,000 School district tax anticipation notes 86,509,070 Other investments Total investments measured at amortized cost 478,357 Total investments 101,642,427 $ 7,893,372,824 Investments categorized as level 2 are valued using institutional bid evaluations based on Intercontinental Exchange (ICE) Data Services automated pricing models or Bloomberg. U.S. agency securities 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 and tax anticipation notes (TANs) with a maximum maturity of 90 days are measured at amortized cost. The $478,357 of other investments are related to the Public Fiduciary, which invests in equities, mutual funds, U.S. Treasury securities, and other types of investments as directed by court order. As these investment amounts are immaterial, no 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, 2022, credit risk for the County’s investments was as follows: Investment Type U. S. agency securities U. S. agency securities U. S. agency securities Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Rating Rating Agency Aaa AA+ Unrated Aaa AA+ Aa2 Aa3 AAA1 Moody’s S&P Not Applicable Moody’s S&P Moody’s Moody’s S&P Moody’s 54 Amount $ 54,881,650 2,329,341,247 168,247,140 24,918,486 44,471,531 26,982,073 71,724,072 148,515,709 306,163,349 Notes to the Financial Statements (Continued) Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Corporate bonds Commercial paper 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 School district TANs School district TANs School district TANs School district TANs School district TANs Money market mutual funds Money market mutual funds with trustee A+ A2 A A3 ABBB+ Baa2 P-1 P-1 Aa2 Aa3 A1 Baa1 Baa2 Unrated Aa1 Aa3 A1 Baa1 Unrated Aaa-mf Aaa-mf 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 Moody’s Not Applicable Moody’s Moody’s Moody’s Moody’s Not Applicable Moody’s Moody’s $ 201,355,963 206,574,268 29,809,916 219,464,771 558,766,090 374,451,387 30,760,709 174,687,450 516,442,612 30,224,260 25,293,568 13,541,657 4,465,000 1,050,000 3,615,761 20,002,097 18,001,887 8,500,891 2,500,262 37,503,932 1,750,000,000 69,558,642 7,471,816,380 The 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, 2022, 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, 2022, were in Federal Home Loan Banks (FHLB), Federal Farm Credit Banks (FFCB), and the U.S. Treasury. These investments were 22.5 percent, 5.5 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, 2022, the County had the following investments in debt securities. Investment Type U.S. Treasury securities U.S. agency securities Corporate bonds Commercial paper Short term bills and notes School/fire district bonds School district TANs Money market mutual funds Money market mutual funds with trustee Amount $ 341,088,087 2,552,470,037 2,243,958,324 174,687,450 596,432,612 78,190,246 86,509,070 1,750,000,000 69,558,642 $7,892,894,468 55 Investment Maturities Less than 1–5 1 Year Years $ 49,065,430 $ 292,022,657 141,969,412 2,410,500,625 507,948,024 1,736,010,300 174,687,450 596,432,612 14,655,000 63,535,246 86,509,070 1,750,000,000 69,558,642 $3,390,825,640 $4,502,068,828 Notes to the Financial Statements (Continued) Foreign currency risk – The County does not have a formal investment policy with respect to foreign currency risk because State statutes do not allow foreign investments. A reconciliation of cash, deposits, and investments to amounts shown on the Statements of Net Position follows: Cash, deposits and investments: Cash on hand Amount of deposits Amount of investments Total $ $ 153,320 480,926,847 7,893,372,824 8,374,452,991 Custodial Funds External Governmental Private-Purpose Activities Trust-Funds Investment Pool $ $ Other Total Statement of Net Position: Cash in bank and on hand $ 56,823,899 Cash and investments in bank and on hand Cash and investments held by County Treasurer Cash and investments held by trustee Total $ 9,328,499 3,443,028,100 4,524,417,611 69,559,454 $ 3,569,411,453 $ 56,823,899 86,314,083 95,642,582 184,981,345 8,152,427,056 69,559,454 $ 9,328,499 $ 4,524,417,611 $ 271,295,428 $ 8,374,452,991 NOTE 7 – CONDENSED FINANCIAL STATEMENTS OF COUNTY TREASURER’S INVESTMENT POOL Arizona Revised Statutes require community colleges, school districts, and other local governments to deposit certain public monies with the County Treasurer. The Treasurer has a fiduciary responsibility to administer those and the County’s monies under his stewardship. The Treasurer invests, on a pool basis, all idle monies not specifically invested for a fund or program. In addition, the Treasurer determines the fair value of those pooled investments monthly and at June 30. The County Treasurer’s investment pool is not registered with the Securities and Exchange Commission as an investment company and there is no regulatory oversight of its operations. The pool’s structure does not provide for shares, and the County has not provided or obtained any legally binding guarantees to support the value of the participants’ investments. The Treasurer allocates interest earnings to each of the pool’s participants. However, for the County’s monies in the pool, the Board of Supervisors authorized $4,920,206 of interest earned in certain other funds was transferred to the General Fund. The County’s deposits and investments are included in the County Treasurer’s investment pool, except for $153,320 of cash on hand, $69,558,641 of mutual funds with trustee, and $152,313,975 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. See Note 6– Deposits and Investments for disclosure of the County’s deposit and investment risks. Details of each major investment classification follow: Investment Type Commercial paper Corporate bonds U.S. agencies securities Money market mutual funds School/fire district bonds School district tax anticipation notes Short term bills and notes US Treasury securities Interest Rates 0% 0.32 – 4.00% 0.08 – 3.04% 1.34% 0.59 – 6.14% 0.92% 0% 0.13 – 2.63% Principal 175,000,000 2,346,731,000 2,705,305,000 1,750,000,000 77,895,000 86,500,000 597,270,000 355,000,000 56 Maturities 7/22 – 9/22 7/22 – 9/26 8/22 – 5/27 n/a 7/22 – 7/25 7/22 7/22 – 11/22 12/22 – 5/27 Fair Value 174,687,450 2,243,958,324 2,552,470,037 1,750,000,000 78,190,246 86,509,070 596,432,612 341,088,087 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 $ 8,167,103,206 $ 8,167,103,206 $ 3,615,052,674 $ 8,167,103,206 Liabilities Net position Net position held for: Internal participants External participants 4,552,050,532 Total net position Statement of changes in fiduciary net position Total additions $ 17,981,852,575 Total deductions 16,119,342,485 Net increase $ 1,862,510,090 Net position: July 1, 2021 6,304,593,116 June 30, 2022 $ 8,167,103,206 NOTE 8 – RECEIVABLES Receivables as of year-end for the County’s individual major funds and nonmajor funds in the aggregate are shown as follows. Taxes receivable does not have an allowance for uncollectible taxes, as the amount is considered immaterial. All other receivables are considered collectible. Governmental Funds Coronavirus Fiscal Recovery General Fund Receivables: Accounts Receivable Taxes Accrued interest Leases Total receivables $ $ 4,831,101 11,600,340 2,558,490 $ 18,989,931 $ Detention Operations Fund Pension Reserve Fund $ 1,155,461 1,155,461 $ $ 784,230 381,848 $ County Improvement Debt Fund 381,848 $ 784,230 County Improvement Fund Other Governmental Funds $ $ 317,989 $ 317,989 307,497 $ 307,497 $ 8,777,419 1,692,564 819,912 2,718,705 14,008,600 Total $13,608,520 13,292,904 6,325,427 2,718,705 35,945,556 $ The County leases land to third parties under the provisions of various lease agreements. During the fiscal year ended June 30, 2022, the County recognized total lease-related revenues of $241,786 which consist of lease revenue of $193,957 and interest revenue of $47,829. NOTE 9 – DUE FROM OTHER GOVERNMENTAL UNITS Amounts due from other governmental units at June 30, 2022, 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 federal government, state, cities, towns, and school districts Total due from other governmental units $ 149,091,601 18,142,700 $ Other Governmental Funds $ Total $ 1,338,766 23,247,431 43,315,430 2,529,591 62,992,798 41,152 $ 167,234,301 57 $ 1,731,319 45,087,901 $ 90,108,586 $ 149,091,601 19,481,466 23,247,431 43,315,430 2,529,591 63,033,950 1,731,319 302,430,788 Notes to the Financial Statements (Continued) NOTE 10 – CAPITAL ASSETS Capital asset activity for the year ended June 30, 2022 was as follows: Balance July 1, 2021 (restated) Governmental activities: Capital assets not being depreciated/amortized: Land Construction in progress Infrastructure Intangibles: Right-to-use lease assets: Land Total capital assets not being depreciated/amortized $ 832,804,088 479,548,831 814,531,778 Increases $ 7,220,234 205,357,268 13,726,326 Balance June 30, 2022 Decreases $ 9,857,258 30,892,831 10,772,329 $ 209,788 209,788 Capital assets being depreciated/amortized: Buildings and improvements Machinery and equipment Infrastructure Intangibles: Right-to-use lease assets: Buildings and improvements Machinery and equipment Total 830,167,064 654,013,268 817,485,775 2,127,094,485 226,303,828 51,522,418 2,301,875,895 2,299,147,501 390,173,782 441,101,796 8,243,581 33,988,908 27,137,120 20,199,243 2,280,253,962 403,963,447 441,101,796 38,453,581 5,513,400 3,174,390,060 10,185,086 52,417,575 47,336,363 21,477,858 19,473,300 48,638,667 5,513,400 3,179,471,272 Less accumulated depreciation/amortization for: Buildings and improvements Machinery and equipment Infrastructure Intangibles: Right-to-use lease assets: Buildings and improvements Machinery and equipment Total 827,772,529 282,034,246 147,727,849 57,126,007 38,050,058 8,942,832 1,257,534,624 7,318,471 1,677,774 113,115,142 40,951,158 7,318,471 1,677,774 1,329,698,608 Total capital assets being depreciated/ amortized, net 1,916,855,436 (60,697,567) 6,385,205 1,849,772,664 Governmental activities capital assets, net $ 4,043,949,921 $ 165,606,261 $ 57,907,623 863,420,678 300,611,004 156,670,681 $ 4,151,648,559 *Due to the implementation of GASB Statement No. 87 for leases, the County’s beginning capital asset balance was restated from fiscal year 2021. There was no impact to net position. The County pledged certain governmental activities land and buildings as collateral for various certificates of participation. See Note 12 – Long-term Liabilities for additional information regarding outstanding debt at June 30, 2022. Depreciation/amortization expense was charged to functions as follows: Government activities: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Internal service funds Total governmental activities depreciation/amortization expense 58 $ 32,941,149 44,734,894 5,233,460 7,658,743 9,468,858 770,056 12,307,982 $ 113,115,142 Notes to the Financial Statements (Continued) NOTE 11 – CONSTRUCTION AND OTHER SIGNIFICANT COMMITMENTS At June 30, 2022, 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, 2022, Maricopa County Transportation Department had contractual commitments, including retention payable, of $77,436,936 for construction of various roadway projects. At June 30, 2022, the County had spent $538,953,706 on these projects and had related estimated cost of completion based on the project budgets of $429,901,767, of which not all projects may be completed. Funding for these expenditures will be provided from Highway User Fuel Tax, the primary source of revenue for the Transportation Department. These projects are accounted for in the Transportation Capital Projects Fund (nonmajor governmental fund). Flood Control Construction Projects At June 30, 2022, Maricopa County Flood Control District had contractual commitments, including retention payable, of $81,164,904 for the construction of various flood control projects. At June 30, 2022, the County had spent $201,563,141 on these projects and had related estimated cost of completion based on the project budgets of $729,791,400, 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, 2022, Maricopa County had contractual commitments of $63,634,410, 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 2021, and through transfers from the General Fund and Detention Operation Fund. At June 30, 2022, the County had spent $254,922,618 on these projects and had related estimated cost of completion based on the project budgets of $52,114,398, of which not all projects may be completed. Construction of Various County Facilities At June 30, 2022, Maricopa County had contractual commitments of $65,213,524, 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, 2022, the County had spent $125,455,893 on these projects and had related estimated cost of completion based on the project budgets of $143,361,102, of which not all projects may be completed. 59 Notes to the Financial Statements (Continued) NOTE 12 – LONG-TERM LIABILITIES The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2022. Balance July 1, 2021 (restated) Governmental activities: Bonds, certificates of participation (COP), and other payables: COP, direct placement COP PRO, direct placement Financed purchases Lease payable* Plus: COP premium Total bonds, COP, and other payables Other liabilities: Reported 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 $ 19,515,000 $ 151,355,000 Additions Reductions Balance June 30, 2022 142,810,000 $ $ 500,825,000 11,807,957 10,185,086 665,628,043 47,481,302 44,176,769 262,528,071 7,886,137 6,420,000 57,735,000 20,397,791 8,078,744 92,631,535 4,669,288 155,905,000 93,620,000 500,825,000 38,891,468 46,283,111 835,524,579 3,216,849 Due Within One Year $ 77,950,000 60,620,000 249,070,000 27,083,512 8,996,510 423,720,022 270,414,208 665,628,043 97,300,823 838,741,428 423,720,022 93,156,875 194,161,730 191,982,340 95,336,265 34,698,094 6,578,769 260 521,996 2,068,011,048 247,550 6,331,479 440,301,338 1,627,709,710 2,167,746,692 194,161,990 632,531,228 1,729,377,454 35,220,090 $ 2,438,160,900 $ 859,790,033 $ 729,832,051 $ 2,568,118,882 $458,940,112 *Due to the implementation of GASB Statement No. 87 for leases, the County’s beginning liability balance was restated from fiscal year 2021. There was no impact to net position. The County also has an unused revolving line of credit in the amount of $35,000,000. See Note 14 – Line of Credit for more information. 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 4.0 to 5.0 percent. 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 60 Notes to the Financial Statements (Continued) secured by the collateralization of the South Court Tower. The certificates are not callable prior to their scheduled maturity dates. On February 23, 2022, Maricopa County issued $142,810,000 of Certificates of Participation, Series 2022, direct placement, to pay for various capital projects. The two largest projects are the Electronic Court Recording System Project and the East Valley Animal Care and Control Facility Project. The certificates have an interest rate of 0.90%, payable semiannually on August 1 and February 1 of each year, commencing on August 1, 2022, 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. The County’s outstanding Certificates of Participation, direct placement, and Certificates of Participation of $155,905,000 and $93,620,000, 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 following certificates of participation were outstanding at June 30, 2022: DESCRIPTION INTEREST RATES AMOUNT OF ISSUE MATURITY DATES OUTSTANDING AT JUNE 30, 2022 COP, Series 2016 direct placement 44,460,000 1.35% 7-1-22/23 13,095,000 COP, Series 2018A 106,295,000 4.0 – 5.0% 7-1-22/24 48,330,000 COP, Series 2020 133,440,000 4.0 – 5.0% 7-1-22 45,290,000 COP, Series 2022 direct placement 142,810,000 0.90% 8-1-22/23 142,810,000 $ 427,005,000 Total $ 249,525,000 Annual debt service requirements to maturity for certificates of participation are as follows: Governmental Activities COP, Series 2016 – Direct Placement Year Ending June 30 COP, Series 2018A COP, Series 2020 2023 Principal 6,505,000 Interest 132,874 Principal 15,330,000 Interest 2,033,250 2024 6,590,000 44,482 16,100,000 1,247,500 16,900,000 422,500 $ 13,095,000 $ 177,356 $ 48,330,000 $ 3,703,250 2025 Total Principal 45,290,000 $ 45,290,000 Interest 1,132,250 $ 1,132,250 COP, Series 2022– Direct Placement Interest Principal 71,445,000 885,242 71,365,000 321,143 $142,810,000 $1,206,385 Pledged Revenue Obligations On April 27, 2022, Maricopa County issued $500,825,000 of Pledged Revenue Obligations, Taxable Series 2022, direct placement, to pay for pension related costs and obligations. The 2022 Pledged Revenue Obligations have an interest rate of 2.05%, payable semiannually on August 1 and February 1 of each year, commencing on August 1, 2022, through 2023. The County has pledged the County’s Excise Tax, State Shared Sales Tax, Vehicle License Tax, and PILT Revenues to repay $500,825,000 in pledged revenue obligations issued during the current fiscal year. There was no principal or interest paid for the obligations in the current year. The total amount of these pledged revenues in the current year was $976.3 million. While future debt service payments will be approximately 25 percent of future revenues each year, it is not expected that these revenues will be needed to payment as the final payment on these obligations is due August 1, 2023. The obligations are not callable prior to their scheduled maturity dates. The following pledged revenue obligations were outstanding at June 30, 2022: 61 Notes to the Financial Statements (Continued) DESCRIPTION AMOUNT OF ISSUE INTEREST RATES MATURITY DATES 500,825,000 2.05% 8-1-22/23 PRO, Series 2022 direct placement $ Total 500,825,000 OUTSTANDING AT JUNE 30, 2022 500,825,000 $ 500,825,000 Annual debt service requirements to maturity for pledged revenue obligations are as follows: Governmental Activities PRO, Series 2022 – Direct Placement Year Ending June 30 2023 2024 Principal 249,070,000 251,755,000 Interest 5,261,294 2,580,489 Total $500,825,000 $ 7,841,783 The County’s outstanding Pledged Revenue Obligations, direct placement, of $500,825,000, contain provisions that in an event of default, the owners of a majority of the outstanding principal amount can request the Trustee to institute legal proceedings against the County to continue, discontinue, withdraw, compromise, settle, or dispose of the agreement. Financed Purchases The County has acquired vehicles, computer systems, and equipment under contract agreements at a total purchase price of $38,891,468. The following schedule details debt service requirements to maturity for the County’s financed purchases at June 30, 2022. Governmental Activities Year Ending June 30 Principal 2023 27,083,511 2024 11,807,957 38,891,468 Total $ Interest 132,032 $ 273,671 405,703 Leases The County, as a lessee, has acquired the right-to-use land, building space, equipment, and vehicles under the provisions of various lease agreements. For all contracts in excess of 12 months and that do not have mutual termination provisions, do not transfer the asset to the County by the end of the term of the contract, are an exchange or exchange-like transaction, and meet the threshold where the present value of the minimum lease payments is $100,000 or more, the County recognizes an intangible right-to-use lease asset and a corresponding lease liability. The intangible right-to-use lease asset is initially measured at the value of the lease liability, plus any payments made prior to lease commencement, plus initial direct costs incurred to place the asset into service, less any incentives received from the lessor prior to commencement. For additional information refer to Note 10 - Capital Assets. The total amount of lease assets and the related accumulated amortization are as follows: Total intangible right to use lease assets not being amortized 209,788 Intangible right to use lease assets being amortized Less: accumulated amortization Total intangible right to use lease assets being amortized $ 54,152,067 8,996,245 45,155,822 Carrying value $ 45,365,610 62 Notes to the Financial Statements (Continued) The following schedule details minimum lease payments to maturity for the County’s leases payable at June 30, 2022: Governmental Activities Year ending June 30 Principal 2023 8,996,510 1,417,467 2024 6,773,130 1,180,809 2025 4,832,150 1,009,032 2026 3,177,551 873,616 2027 2,523,896 781,237 2028-2032 11,838,402 2,593,404 2033-2037 6,796,849 904,570 2038-2042 949,136 163,050 2043-2046 395,487 $46,283,111 32,883 $8,956,068 Total Interest Funding Source for Governmental Activities Liabilities Governmental Activities Liabilities Funding Source Certificates of participation County Improvement Debt Fund Pledged revenue obligations Various funds Financed purchases County Improvement Debt Fund, General Fund Capital leases Various funds Claims and judgments General Fund, Transportation Operations Fund and Flood Control Fund (nonmajor special revenue funds) Reported and incurred but not reported claims Risk Management Fund and Employee Benefits Trust Fund (Internal service funds) Liability for closure and postclosure costs General Fund Net pension and other postemployment benefits liabilities Various funds Legal Debt Margin County indebtedness pertaining to general obligation bonds may not exceed six percent of the value of the County’s taxable property ascertained by the last assessment. However, with voter approval, the County may become indebted for an amount not to exceed fifteen percent of such taxable property. At June 30, 2022, the allowable six and fifteen percent limits were $4,052,100,488 and $10,130,251,221, respectively. The County had no outstanding general obligation debt at June 30, 2022 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, 2022, the County had $305,979 in arbitrage liabilities. 63 Notes to the Financial Statements (Continued) NOTE 13 – 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, 2022, 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 $6,331,479. 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 2022. 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 14 – MUNICIPAL REVOLVING LINE OF CREDIT AND IRREVOCABLE STANDBY LETTER OF CREDIT On July 1, 2021, the County maintained a $35,000,000 municipal revolving line of credit with an interest rate equal to the bank’s most recently publicly announced prime rate, which had a maturity date of June 30, 2022. Outstanding principal and interest are due on June 30 of each year. During fiscal year 2022, the County had not borrowed against the line of credit. The municipal revolving line of credit was renewed to June 30, 2023. On July 1, 2021, the County maintained a $18,087,434 irrevocable standby letter of credit issued to the Industrial Commission of Arizona for unfunded workers’ compensation claims. On January 1, 2022, the letter of credit was increased to $24,265,086. The letter of credit was reserved against the municipal revolving line of credit. During fiscal year 2022, the letter of credit had not been drawn upon. The irrevocable standby letter of credit was renewed to June 30, 2023, for $24,265,086. However, an amendment will be issued on January 1, 2023, for the new liability amount. NOTE 15 – 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, 2022, for each insurable area follow: 64 Notes to the Financial Statements (Continued) Auto liability General liability Workers’ compensation Medical malpractice Employment practices Auto physical damage Property Professional liability Environmental property damage Environmental liability Unallocated Total $ $ 1,341,000 26,233,000 23,126,000 3,676,000 467,000 275,000 163,000 699,000 2,791,623 14,871,548 6,255,000 79,898,171 Changes in the unpaid claims liability reported in the Risk Management Trust Fund follow: Year 2019-20 2020-21 2021-22 Balance July 1 64,940,972 70,364,681 76,447,497 Current-Year Claims And Changes In Estimates 20,685,617 17,910,067 27,098,318 Claims Payments (15,261,908) (11,827,251) (23,647,644) Balance June 30 70,364,681 76,447,497 79,898,171 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, 2022, for each insurable area follow: Medical Dental Short-term disability Behavioral health Vison Pharmacy Total $ $ 13,519,430 785,119 452,968 352,640 83,088 244,849 15,438,094 Changes in the unpaid claims liabilities reported in the Employee Benefits Trust Fund follow: Year 2019-20 2020-21 2021-22 Balance July 1 14,439,413 15,833,849 16,709,378 Current-Year Claims And Changes In Estimates 160,130,988 150,266,488 167,063,412 Claims Payments (158,736,552) (149,390,959) (168,334,696) Balance June 30 15,833,849 16,709,378 15,438,094 NOTE 16 – 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 15 – Risk Management. At June 30, 2022, the County reported $17,663,171 of reported but unpaid claims, which is composed of the following pollution remediation obligations. Cave Creek Landfill – The County entered 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. 65 Notes to the Financial Statements (Continued) 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. Queen Creek Landfill – During mandated monitoring of the (closed) Queen Creek municipal landfill, levels of a potential pollutant were discovered at concentrations above the Aquifer Water Quality Standard (AWQS) of 5 micrograms per liter (μg/L). The County has engaged a professional environmental consultant to characterize the extent of the pollution and to determine the most effective remediation actions. The estimate includes costs for additional assessment and for infrastructure (such as additional monitoring wells) to provide sufficient data to allow an effective remediation plan to be developed. 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 17 – 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, 2022, 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 $ 49,909,693 1,627,709,710 413,023,950 398,442,206 123,606,695 The County’s accrued payroll and employee benefits includes $8,209,687 of outstanding pension and OPEB contribution amounts payable to all pension plans for the year ended June 30, 2022. Also, the County reported $223,586,973 of pension and OPEB contributions as expenditures in the governmental funds related to all plans to which it contributes. A. Arizona State Retirement System Plan description—County employees not covered by the other pension plans described below participate in the Arizona State Retirement System (ASRS). The ASRS administers a cost-sharing multiple-employer defined benefit pension plan, a cost-sharing multiple-employer defined benefit health insurance premium benefit (OPEB) plan, and a cost-sharing multiple-employer defined benefit long-term disability (OPEB) plan. The Arizona State Retirement System Board governs the ASRS according to the provisions of A.R.S. Title 38, Chapter 5, Articles 2 and 2.1. 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. 66 Notes to the Financial Statements (Continued) Benefits provided—The ASRS provides retirement, health insurance premium supplement, longterm disability, 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. Health insurance premium benefits are available to retired or disabled members with 5 years of credited service. The benefits are payable only with respect to allowable health insurance premiums for which the member is responsible. For members with 10 or more years of service, benefits range from $100 per month to $260 per month depending on the age of the member and dependents. For members with 5 to 9 years of service, the benefits are the same dollar amounts as above multiplied by a vesting fraction based on completed years of service Active members are eligible for a monthly long-term disability benefit equal to two-thirds of monthly earnings. Members receiving benefits continue to earn service credit up to their normal retirement dates. Members with long-term disability commencement dates after June 30, 1999, are limited to 30 years of service or the service on record as of the effective disability date if their service is greater than 30 years 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, 2022, statute required active ASRS members to contribute at the actuarially determined rate of 12.41 percent (12.22 percent for retirement and 0.19 percent for log-term disability) of the members’ annual covered payroll, and statute required the County to contribute at the actuarially determined rate of 12.41 percent (12.01 percent for retirement, 0.21 percent for health insurance premium benefit, and 0.19 percent for long-term disability) of the active members’ annual covered payroll. In addition, the County was required by statute to contribute at the actuarially determined rate of 10.22 percent (10.13 percent for retirement and 0.09 percent for long-term disability) 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, health insurance premium benefit, and long-term disability plans for the year ended June 30, 2022, were $69,406,359, $1,200,513 and $1,086,401. During fiscal year 2022, the County paid for ASRS pension and OPEB contributions as follows: 60.4 percent from the General Fund, 11.8 percent from major funds, and 27.8 percent from other funds. 67 Notes to the Financial Statements (Continued) Liability—At June 30, 2022, the County reported the following asset and liabilities for its proportionate share of the ASRS’ net pension/OPEB asset or liability. ASRS Net pension/OPEB (asset) liability Pension 661,793,454 Health insurance premium benefit Long-term disability (24,833,681) 1,045,980 The net asset and liabilities were measured as of June 30, 2021. The total liability used to calculate the net asset or net liability was determined using update procedures to roll forward the total liability from an actuarial valuation as of June 30, 2020, to the measurement date of June 30, 2021. The total liabilities as of June 30, 2021, reflect changes in actuarial assumptions based on the results of an actuarial experience study for the 5-year period ended June 30, 2020, including decreasing the discount rate from 7.5 percent to 7.0 percent and changing the projected salary increases from 2.7– 7.2 percent to 2.9–8.4 percent. The County’s proportion of the net asset or net 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, 2021. The County’s proportions measured as of June 30, 2021, and the change from its proportions measured as of June 30, 2020, were: Proportion June 30, 2021 Increase (decrease) from June 30, 2020 Pension 5.0% No change Health insurance premium benefit Long-term disability 5.1% 5.1% 0.1 0.1 ASRS Expense—For the year ended June 30, 2022, the County recognized the following pension and OPEB expense. ASRS Pension/OPEB expense Pension 66,108,735 Health insurance premium benefit Long-term disability (2,871,119) 777,218 Deferred outflows/inflows of resources—At June 30, 2022, the County reported deferred outflows of resources and deferred inflows of resources related to pensions and OPEB from the following sources: ASRS Pension Deferred outflows of resources Differences between expected and actual experience Changes of assumptions or other inputs Net difference between projected and actual earnings on plan investments Changes in proportion and differences between County contributions and proportionate share of contributions $10,088,431 Deferred inflows of resources $ 86,137,706 Health insurance premium benefit Deferred Deferred inflows outflows of of resources resources Long-term disability Deferred Deferred inflows of outflows of resources resources $ $8,612,371 $302,154 $85,230 1,004,046 334,518 1,317,966 1,231,177 209,679,444 7,767,510 9,212,029 5,540,048 7,336 68 32,424 724,422 131,764 91,722 Notes to the Financial Statements (Continued) County contributions subsequent to the measurement date Total 69,406,359 $173,400,006 $215,219,492 1,200,513 $2,439,026 $18,860,870 1,086,401 $1,854,837 $2,219,340 The amounts reported as deferred outflows of resources related to ASRS pensions and OPEB resulting from County contributions subsequent to the measurement date will be recognized as an increase of the net asset or a reduction of the net liability in the year ending June 30, 2023. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions and OPEB will be recognized as expenses as follows: Year ending June 30 2023 2024 2025 2026 2027 Thereafter Health insurance premium benefit (4,131,954) (3,960,783) (4,341,761) (4,798,107) (389,752) Pension 1,362,187 5,892,665 (46,223,586) (72,257,111) Long-term disability (196,124) (183,511) (209,724) (319,334) (109,679) (432,532) Actuarial assumptions—The significant actuarial assumptions used to measure the total pension/OPEB 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 Recovery rates Healthcare cost trend rate June 30, 2020 June 30, 2021 Entry age normal 7.0% 2.9–8.4% for pensions/not applicable for OPEB 2.3% Included for pensions/not applicable for OPEB 2017 SRA Scale U-MP for pensions and health insurance premium benefit 2012 GLDT for long-term disability Not applicable 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, 2020. The long-term expected rate of return on ASRS pension plan investments was determined to be 7.0 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 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: ASRS Asset Class Equity Fixed income - credit Fixed income - interest rate sensitive Real estate Total Target Allocation 50% 20% 10% 20% 100% Long-Term Expected Geometric Real Rate of Return 4.90% 5.20% 0.70% 5.70% Discount rate— At June 30, 2021, the discount rate used to measure the ASRS total pension/OPEB liability was 7.0 percent, which was a decrease of 0.5 from the discount rate used as of June 30, 2020. The projection of cash flows used to determine the discount rate assumed that contributions from 69 Notes to the Financial Statements (Continued) 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 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/OPEB liability. Sensitivity of the County’s proportionate share of the ASRS net pension/OPEB (asset) liability to changes in the discount rate—The following table presents the County’s proportionate share of the net pension/OPEB (asset) liability calculated using the discount rate of 7.0 percent, as well as what the County’s proportionate share of the net pension/OPEB (asset) liability would be if it were calculated using a discount rate that is 1 percentage point lower (6.0 percent) or 1 percentage point higher (8.0 percent) than the current rate: ASRS County’s proportionate share of the Net pension liability Net insurance premium benefit liability (asset) 1% Decrease (6.0%) $ 1,040,945,668 (16,442,484) Current Discount Rate (7.0%) $ 661,793,454 (24,833,681) 1% Increase (8.0%) $ 345,685,420 (31,968,980) 1,362,016 1,045,980 740,241 Net long-term disability liability Plan fiduciary net position—Detailed information about the 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 for County park rangers 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 $358,403 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 and agent and cost-sharing multiple-employer defined benefit health insurance premium benefit (OPEB) 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. 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 and an agent multiple-employer defined benefit health insurance premium benefit (OPEB) plan for county detention officers (agent plans), which were closed to new members as of July 1, 2018, and a cost-sharing multiple-employer defined benefit pension and a cost-sharing multiple-employer defined benefit health insurance premium benefit (OPEB) plan for AOC officers (cost-sharing plans). 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 and juvenile detention officers who became members on or after July 1, 2018, participate in PSPDCRP. The PSPRS Board of 70 Notes to the Financial Statements (Continued) 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, health insurance premium supplement, disability, and survivor benefits. State statute establishes benefit terms. Retirement, disability, and survivor benefits are calculated on the basis of age, average monthly compensation, and service credit as follows: PSPRS Initial membership date: On or after January 1, 2012 and before July 1, 2017 Before January 1, 2012 Retirement and disability Years of service and age required to receive benefit Final average salary is based on 20 years of service, any age 15 years of service, age 62 Highest 36 consecutive months of last 20 years 25 years of service or 15 years of credited service, age 52.5 Highest 60 consecutive months of last 20 years On or after July 1, 2017 15 years of credited service, age 52.5* 15 or more years of service, age 55 Highest 60 consecutive months of last 15 years Benefit percent Normal retirement 1.5% to 2.5% per year of credited service, not to exceed 80% 50% less 2.0% for each year of credited service less than 20 years OR plus 2.0% to 2.5% for each year of credited service over 20 years, not to exceed 80% Accidental disability retirement 50% or normal retirement, whichever is greater Catastrophic disability retirement 90% for the first 60 months then reduced to either 62.5% or normal retirement, whichever is greater Ordinary disability retirement Normal retirement calculated with actual years of credited service or 20 years of credited service, whichever is greater, multiplied by years of credited service (not to exceed 20 years) divided by 20 Survivor Benefit Retired members 80% to 100% of retired member’s pension benefit Active members 80% to 100% of accidental disability retirement benefit or 100% of average monthly compensation if death was the result of injuries received on the job *With actuarially reduced benefits. 71 Notes to the Financial Statements (Continued) CORP Initial membership date: Before January 1, 2012 Retirement and disability Years of service and age required to receive benefit Final average salary is based on On or after January 1, 2012 and before July 1, 2018 AOC probation and surveillance officers: On or after July 1, 2018 25 years, age 52.5 10 years, age 62 10 years, age 52.5* 10 or more years, age 55 Sum of years and age equals 80 20 years, any age 10 years, age 62 Highest 36 consecutive months of last 10 years Highest 60 consecutive months of last 10 years Benefit percent Normal retirement 2.0% to 2.5% per year of credited service, not to exceed 80% 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 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. Health insurance premium benefits are available to retired or disabled members with 5 years of credited service. The benefits are payable only with respect to allowable health insurance premiums for which the member is responsible. Benefits range from $100 per month to $260 per month depending on the age of the member and dependents. Employees covered by benefit terms—At June 30, 2022, the following employees were covered by the agent plans’ benefit terms: Inactive employees or beneficiaries currently receiving benefits Inactive employees entitled to but not yet receiving benefits Active employees Total PSPRS Sheriff Pension Health 561 561 PSPRS Attorney Investigators Pension Health 19 19 CORP Detention Health 726 726 Pension 148 101 6 2 517 0 561 1,270 561 1,223 7 32 7 28 1,511 2,754 1,511 2,237 72 Notes to the Financial Statements (Continued) Contributions—State statutes establish the pension contribution requirements for active PSPRS and CORP employees. In accordance with State statutes, annual actuarial valuations determine employer contribution requirements for PSPRS and CORP pension and health insurance premium 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, 2022, are indicated below. Rates are a percentage of active members’ annual covered payroll. During the fiscal year, the County contributed an additional $40.0 million to the PSPRS Sheriff plan and $10.0 million to the CORP Detention plan to reduce the unfunded accrued liability affecting Tiers 1 and 2 of each plan. The additional contributions are reflected in the tables below. PSPRS Sheriff Active member-pension County-pension County-health insurance premium benefit 7.65%-11.65% 66.81%-70.16% 0.0-0.12% PSPRS Attorney Investigators CORP Detention 7.65-11.65 8.41 31.76 29.27 0.0-0.13 0.0 CORP AOC 8.41 or 10.18 35.48 or 36.30 0.49 or 0.36 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 Health insurance premium benefit PSPRS Sheriff 56.57% 0.0% PSPRS Attorney Investigators CORP Detention 19.94% 23.73% 0.0% 0.0% CORP AOC 31.35% 0.22% The County’s contributions to the plans for the year ended June 30, 2022, were: Pension PSPRS Sheriff $ 75,515,494 PSPRS Attorney Investigators CORP Detention CORP AOC 881,544 38,694,520 24,781,102 Health insurance premium benefit $ 12,743 146 0 309,297 During fiscal year 2022, the County paid for PSPRS and CORP pension and OPEB contributions as follows: 57.6 percent from the General Fund, 41.1 percent from major funds, and 1.3 percent from other funds. Liability—At June 30, 2022, the County reported the following assets and liabilities: Net pension (asset) liability PSPRS Sheriff PSPRS Attorney Investigators CORP Detention CORP AOC (County’s proportionate share) $ 73 329,497,474 (60,847) 252,377,922 220,624,900 Net OPEB (asset) liability $(9,177,830) (155,920) (11,198,062) (80,050) Notes to the Financial Statements (Continued) The net assets and net liabilities were measured as of June 30, 2021, and the total liability used to calculate the net asset or liability was determined by an actuarial valuation as of that date. Actuarial assumptions—The significant actuarial assumptions used to measure the total pension/OPEB 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 Healthcare cost trend rate June 30, 2021 Entry age normal 7.3% 3.5% for pensions/not applicable for OPEB 2.5% for pensions/not applicable for OPEB 1.75% for pensions/not applicable for OPEB PubS-2010 tables Not applicable Actuarial assumptions used in the June 30, 2021, 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 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 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 24% 16% 20% 7% 2% 20% 10% 1% 100% Long-term expected geometric real rate of return 4.08% 5.20% 7.67% 5.43% 0.42% 5.74% 3.99% -0.31% Discount rates—At June 30, 2021, the discount rate used to measure the PSPRS and CORP total pension/OPEB 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 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/OPEB liability. 74 Notes to the Financial Statements (Continued) Changes in the net pension/OPEB liability PSPRS Sheriff Balances at June 30, 2021 Changes for the year: Service cost Interest on the total liability Changes of benefit terms Differences between expected and actual experience in the measurement of the liability Changes of assumptions or other inputs Contributions—employer Contributions—employee Net investment income Benefit payments, including refunds of employee contributions Administrative expense Other changes Net changes Balances at June 30, 2022 Pension Increase (decrease) Total pension liability (a) 657,424,110 Plan fiduciary net position (b) 272,625,770 Net pension (asset) liability (a) – (b) 384,798,340 Total OPEB liability (a) 8,716,455 Plan fiduciary net position (b) 13,983,771 Net OPEB (asset) liability (a) – (b) (5,267,316) 11,059,714 47,638,139 0 (985,429) 0 0 0 0 11,059,714 47,638,139 0 (985,429) 256,628 642,497 0 (943,526) 0 0 0 256,628 642,497 0 (943,526) 0 0 0 0 0 0 0 0 0 (31,813,158) 32,250,070 4,921,073 76,130,066 (31,813,158) (32,250,070) (4,921,073) (76,130,066) 0 0 0 0 (343,513) 19,755 19,755 3,842,402 (343,513) (19,755) (19,755) (3,842,402) 0 25,899,266 683,323,376 (356,981) 69,062 81,200,132 353,825,902 356,981 (69,062) (55,300,866) 329,497,474 0 0 (387,914) 8,328,541 (15,799) 0 3,522,600 17,506,371 15,799 0 (3,910,514) (9,177,830) PSPRS Attorney Investigators Balances at June 30, 2021 Changes for the year: Service cost Interest on the total liability Changes of benefit terms Differences between expected and actual experience in the measurement of the liability Changes of assumptions or other inputs Contributions—employer Contributions—employee Net investment income Benefit payments, including refunds of employee contributions Administrative expense Other changes Net changes Balances at June 30, 2022 Pension Increase (decrease) Health insurance premium benefit Increase (decrease) Total pension liability (a) 12,686,484 Plan fiduciary net position (b) 9,670,127 Net pension (asset) liability (a) – (b) 3,016,357 Total OPEB liability (a) 221,743 Plan fiduciary net position (b) 266,016 Net OPEB (asset) liability (a) – (b) (44,273) 147,509 903,873 0 (171,625) 0 0 0 0 147,509 903,873 0 (171,625) 4,704 16,121 0 (59,285) 0 0 0 0 4,704 16,121 0 (59,285) 0 0 0 0 0 0 0 0 0 (904,330) 1,158,728 63,179 2,748,098 (904,330) (1,158,728) (63,179) (2,748,098) 0 0 0 0 (11,234) 1,186 0 72,298 (11,234) (1,186) 0 (72,298) 0 0 0 (24,573) 12,661,911 (13,044) 0 3,052,631 12,722,758 13,044 0 (3,077,204) (60,847) 0 0 (49,694) 172,049 (297) 0 61,953 327,969 297 0 (111,647) (155,920) CORP Detention Balances at June 30, 2021 Changes for the year: Service cost Interest on the total liability Changes of benefit terms Differences between expected and actual experience in the measurement of the liability Health insurance premium benefit Increase (decrease) Pension Increase (decrease) Health insurance premium benefit Increase (decrease) Total pension liability (a) 626,165,614 Plan fiduciary net position (b) 309,256,038 Net pension (asset) liability (a) – (b) 316,909,576 Total OPEB liability (a) 11,323,412 Plan fiduciary net position (b) 17,957,133 Net OPEB (asset) liability (a) – (b) (6,633,721) 13,287,468 45,696,336 0 (2,656,331) 0 0 0 0 13,287,468 45,696,336 0 (2,656,331) 243,057 831,418 0 (840,089) 0 0 0 0 243,057 831,418 0 (840,089) 75 Notes to the Financial Statements (Continued) CORP Detention Pension Increase (decrease) Health insurance premium benefit Increase (decrease) Total pension liability (a) Plan fiduciary net position (b) Net pension (asset) liability (a) – (b) Total OPEB liability (a) Plan fiduciary net position (b) Net OPEB (asset) liability (a) – (b) 0 0 0 0 0 0 0 0 0 (26,951,740) 29,396,714 7,487,182 84,644,735 (26,951,740) (29,396,714) (7,487,182) (84,644,735) 0 0 0 0 (354,349) 0 0 4,818,560 (354,349) 0 0 (4,818,560) 0 0 0 29,375,733 655,541,347 (389,231) (280,273) 93,907,387 403,163,425 389,231 280,273 (64,531,654) 252,377,922 0 0 (119,963) 11,203,449 (19,833) 0 4,444,378 22,401,511 19,833 0 (4,564,341) (11,198,062) Changes of assumptions or other inputs Contributions—employer Contributions—employee Net investment income Benefit payments, including refunds of employee contributions Administrative expense Other changes Net changes Balances at June 30, 2022 The County’s proportion of the CORP AOC net pension and OPEB liabilities was based on the County’s actual contributions to the plans relative to the total of all participating counties’ actual contributions for the year ended June 30, 2021. The County’s proportion measured as of June 30, 2021, and the change from its proportions measured as of June 30, 2020, were: CORP AOC Proportion June 30, 2021 59.4% 59.8 Pension Health insurance premium benefit Increase (decrease) from June 30, 2020 (0.8) (0.3) Sensitivity of the County’s net pension/OPEB (asset) liability to changes in the discount rate— The following table presents the County’s net pension/OPEB (assets) 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%) PSPRS Sheriff Net pension (asset) liability Net OPEB (asset) liability PSPRS Attorney Investigators Net pension (asset) liability Net OPEB (asset) liability CORP Detention Net pension (asset) liability Net OPEB (asset) liability CORP AOC Net pension (asset) liability Net OPEB (asset) liability Current discount rate (7.3%) 1% Increase (8.3%) $417,648,734 (8,234,430) $329,497,474 (9,177,830) $257,174,003 (9,973,490) 1,073,631 (140,310) (60,847) (155,920) (1,029,908) (169,359) 350,226,272 (9,763,164) 252,377,922 (11,198,062) 173,396,823 (12,395,257) 298,549,582 929,996 220,624,900 (80,050) 156,789,128 (932,841) Plan fiduciary net position—Detailed information about the plans’ fiduciary net position is available in the separately issued PSPRS and CORP financial reports. Expense—For the year ended June 30, 2022, the County recognized the following pension and OPEB expense: PSPRS Sheriff PSPRS Attorney Investigators CORP Detention CORP AOC (County’s proportionate share) $ 76 Pension expense 36,185,975 (85,749) 29,065,405 24,868,832 $ OPEB expense (1,359,424) (42,932) (1,512,647) (649,792) Notes to the Financial Statements (Continued) Deferred outflows/inflows of resources—At June 30, 2022, the County reported deferred outflows of resources and deferred inflows of resources related to pensions and OPEB from the following sources: PSPRS Sheriff Pension Differences between expected and actual experience Changes of assumptions or other inputs Net difference between projected and actual earnings on plan investments County contributions subsequent to the measurement date Total Deferred outflows of resources Deferred inflows of resources $10,812,027 6,460,747 $788,344 12,743 75,515,494 $92,788,268 $33,835,825 $0 1,210,832 30,594 146 $1,296,645 CORP Detention Pension Deferred Deferred outflows of inflows of resources resources $28,263,418 9,955,610 $146 $63,648 Health insurance premium benefit Deferred Deferred outflows of inflows of resources resources $5,881,380 $92,832 38,838,652 $1,911,985 488,377 2,205,447 38,694,520 $76,913,548 $44,720,032 CORP AOC Pension Deferred Deferred outflows of inflows of resources resources Differences between expected and actual experience Changes of assumptions or other inputs Net difference between projected and actual earnings on plan investments Changes in proportion and differences between County contributions and proportionate share of contributions County contributions subsequent to the measurement date Total $3,990,828 $85,813 881,544 $881,544 $50,459 Health insurance premium benefit Deferred Deferred outflows of inflows of resources resources $0 $33,054 Pension Deferred Deferred outflows of inflows of resources resources Differences between expected and actual experience Changes of assumptions or other inputs Net difference between projected and actual earnings on plan investments County contributions subsequent to the measurement date Total 1,643,539 33,047,481 PSPRS Attorney Investigators Differences between expected and actual experience Net difference between projected and actual earnings on plan investments County contributions subsequent to the measurement date Total Health insurance premium benefit Deferred Deferred outflows of inflows of resources resources $2,301,483 $37,716 45,806 $21,056,744 4,524,814 $92,832 Health insurance premium benefit Deferred Deferred outflows of inflows of resources resources $6,469,062 $52,353 35,617,630 2,111,675 77 $1,705,622 211,393 836,867 2,691,646 68,444 $44,778,338 $430,094 24,781,102 $52,474,335 $4,605,809 29,446 309,297 $2,783,328 Notes to the Financial Statements (Continued) The amounts reported as deferred outflows of resources related to pensions and OPEB resulting from County contributions subsequent to the measurement date will be recognized as an increase in the net asset or a reduction of the net liability in the year ending June 30, 2023. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions and OPEB will be recognized as expenses as follows: Year ending June 30 2023 2024 2025 2026 2027 Thereafter PSPRS Sheriff Pension Health 2,128,646 (1,111,855) (1,137,375) (963,121) (6,148,066) (996,976) (11,406,256) (723,906) (157,254) PSPRS Attorney Investigators Pension Health (338,182) (39,220) (259,776) (6,369) (292,474) (7,408) (406,213) (10,651) CORP Detention Pension Health 1,388,230 (1,180,635) 293,206 (1,172,493) 254,566 (938,749) (8,437,006) (1,081,085) (140,015) CORP AOC Pension Health 1,273,085 (847,893) 1,838,279 (575,427) (6,856,364)) (567,358) (13,340,105) (489,416) (182,437) PSPDCRP plan—County sheriff employees, County attorney investigators, County detention officers, and AOC probation, surveillance, and juvenile detention officers who are not members of PSPRS or CORP participate in the PSPDCRP. The PSPDCRP is a defined contribution pension plan. The PSPRS Board of Trustees governs the PSPDCRP according to the provisions of A.R.S. Title 38, Chapter 5, Article 4.1. Benefit terms, including contribution requirements, are established by State statute. For the year ended June 30, 2022, 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, 2022, the County recognized pension expense of $1,024,223. 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 and a cost-sharing multipleemployer defined benefit health insurance premium benefit (OPEB) plan for elected officials and judges who were members of the plan on December 31, 2013. The EORP pension and OPEB plans 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 plans. The report is available on PSPRS’s website at www.psprs.com. Benefits provided—The EORP provides retirement, health insurance premium supplement, 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 78 10 years, age 62 5 years, age 65 any years and age if disabled Notes to the Financial Statements (Continued) Initial membership date: On or after January 1, 2012 Before January 1, 2012 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%. 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. Health insurance premium benefits are available to retired or disabled members with 5 years of credited service. The benefits are payable only with respect to allowable health insurance premiums for which the member is responsible. For members with 8 or more years of service, benefits range from $100 per month to $260 per month depending on the age of the member and dependents. For members with 5 to 7 years of service, the benefits are the same dollar amounts as above multiplied by a vesting fraction based on completed years of service. 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, 2022, 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 49.21 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 41.59 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, 2022, were $11,698,854. During fiscal year 2022, the County paid for EORP pension contributions as follows: 97.2 percent from the General Fund and 2.8 percent from other nonmajor funds. Liability—At June 30, 2022, 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 79 Notes to the Financial Statements (Continued) 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 $ 162,072,424 $ 16,290,912 178,363,336 The County also reported an asset of $4,412,052 for its proportionate share of EORP’s net OPEB asset. The net asset and net liability was measured as of June 30, 2021, and the total liability used to calculate the net asset or 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, 2021. The County’s proportion of the net OPEB asset was based on the County’s present value of benefits relative to the total of all participating employers’ present value of the benefits for the year ended June 30, 2021. The County’s proportion measured as of June 30, 2021, and the change from its proportions measured as of June 30, 2020, were: EORP Pension Health insurance premium benefit Proportion June 30, 2021 26.6% 27.7% Increase (decrease) from June 30, 2020 4.4 0.5 Expense—For the year ended June 30, 2022, the County recognized pension and OPEB expenses for EORP of ($20,299,306) and ($507,237), respectively, and revenue of $3,844,398 for the County’s proportionate share of the State’s appropriation to EORP and the designated court fees. Deferred outflows/inflows of resources—At June 30, 2022, the County reported deferred outflows of resources and deferred inflows of resources related to pensions and OPEB from the following sources: EORP Pension Deferred outflows of resources Differences between expected and actual experience Changes of assumptions or other inputs Net difference between projected and actual earnings on plan investments Changes in proportion and differences between County contributions and proportionate share of contributions County contributions subsequent to the measurement date Total $11,698,854 $11,698,854 Health insurance premium benefit Deferred inflows of resources $2,156,840 Deferred outflows of resources Deferred inflows of resources $374,499 8,257,349 689,739 14,375,076 61,486 $24,789,265 $1,125,724 The amounts reported as deferred outflows of resources related to EORP pensions and OPEB resulting from County contributions subsequent to the measurement date will be recognized as an increase of the net asset or a reduction of the net liability in the year ending June 30, 2023. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to EORP pensions and OPEB will be recognized as expense as follows: Year ending June 30 2023 2024 2025 2026 Pensions $ (18,227,214) (1,719,472) (2,030,843) (2,811,736) 80 Health insurance premium benefit (400,282) (318,610) (170,065) (236,768) Notes to the Financial Statements (Continued) Actuarial assumptions—The significant actuarial assumptions used to measure the total pension/OPEB 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 Healthcare cost trend rate June 30, 2021 Entry age normal 7.3% 3.75% for pensions/not applicable for OPEB 2.5% for pensions/not applicable for OPEB 1.75% for pensions/not applicable for OPEB PubG-2010 tables Not applicable Actuarial assumptions used in the June 30, 2021, 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: Target allocation Asset class Long-term geometric real rate of return U.S. public equity 24% 4.08% International public equity 16% 5.20% Global private equity 20% 7.67% Other assets (capital appreciation) 7% 5.43% Core bonds 2% 0.42% Private credit 20% 5.74% Diversifying strategies 10% 1% 100% 3.99% Cash - Mellon Total -0.31% Discount rate—At June 30, 2021, the discount rate used to measure the EORP total pension liability and total OPEB 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 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/OPEB liability. Sensitivity of the County’s proportionate share of the EORP net pension/OPEB (asset) liability to changes in the discount rate—The following table presents the County’s proportionate share of the net pension/OPEB (asset) liability calculated using the discount rate of 7.3 percent, as well as what the County’s proportionate share of the net pension/OPEB (asset) 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 County’s proportionate share of the net OPEB (asset) 1% Decrease (6.3%) Current discount rate (7.3%) 1% Increase (8.3%) $ 186,233,852 $ 162,072,424 $ 141,336,282 $ (4,140,716) $ (4,412,052) $ (4,648,854) 81 Notes to the Financial Statements (Continued) Plan fiduciary net position—Detailed information about the 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 and the Elected Officials Deferred Contribution Retirement System Disability Program (EODCDP). The EODCRS is a defined contribution pension plan. The EODCDP is a cost-sharing multiple-employer defined benefit disability (OPEB) plan for EODCRS members. The PSPRS Board of Trustees governs the EODCRS and EODCDP 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. The EODCDP is not further disclosed because of its relative insignificance to the County’s financial statements. For the year ended June 30, 2022, 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, 2022, the County recognized pension expense of $301,278. NOTE 18 – INTERFUND BALANCES AND ACTIVITY Interfund receivables and payables – interfund balances at June 30, 2022, were as follows: Payable To General Fund 70,556 29,629,920 403,212 $ 30,103,688 Payable from County Improvement Fund Nonmajor Governmental Funds Internal Service Funds Total Due From Total Due To 70,556 29,629,920 403,212 $ 30,103,688 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, 2022. Interfund transfers – interfund transfers for the year ended June 30, 2022, were as follows: Transfers In Transfers Out General Fund General Fund $ Detention Operations Fund County Improvement Debt Fund County Improvement Fund General Fund County Improvement Fund Nonmajor Governmental Funds Total Transfers Out $197,352,998 $34,975,665 $200,000 $280,929,153 $54,709,520 $568,167,336 42,086,333 42,925,709 Detention Operations Fund 839,376 County Improvement Fund 2,333,326 General Fund County Improvements Fund 2,333,326 204,093,721 204,093,721 Nonmajor Governmental Funds 12,068,000 2,770,671 9,034,515 Total Transfers In $12,068,000 $200,123,669 $251,276,603 $200,000 $280,929,153 98,688,295 122,561,481 $195,484,148 $940,081,573 All interfund transfers are budgeted and are used to move revenues from the fund that collects them to the fund that expends them. The principal purpose of interfund transfers was to provide funds for the statutorily required Maintenance of Effort payments from the General Fund to the Detention Operations Fund, to cover debt service payments, and for capital projects. 82 Notes to the Financial Statements (Continued) The interfund receivables, payables, and transfers by fund are as follows: Funds Due From Other Funds Due To Other Funds Transfers In Transfers Out MAJOR FUNDS General Fund $30,103,688 $ $12,068,000 $568,167,336 200,123,669 42,925,709 Special Revenue Funds Detention Operations Debt Service Funds County Improvement Debt 251,276,603 Capital Projects Funds County Improvement Fund 70,556 General Fund County Improvement 200,000 2,333,326 280,929,153 204,093,721 4,614,498 35,351 NONMAJOR FUNDS Special Revenue Funds Accommodation Schools 428,670 Air Quality Grants 876,677 Animal Control License/Shelter Animal Care Donations 35,351 Clerk of the Court Grants 365,267 County Attorney Grants 1,039,748 Criminal Justice Enhancement 23,977 Emergency Management 326,893 Environmental Service Environmental Health 24,530 Flood Control 44,831,406 Human Services Grants 846,165 Juvenile Probation Grants 25,000 Juvenile Restitution 25,000 Justice Courts Special Revenue 104,789 Law Library Fees 350,000 Public Health Fees 1,142 Public Health Grants 26,400,516 School Transportation 2,048,020 Sheriff RICO 63,383 Superior Court Building Repair 350,000 Transportation Operations 56,959,974 Capital Projects Funds Detention Capital Projects 42,086,333 Detention Technology Capital Improvement 2,132,989 637,682 Flood Control Capital Projects 44,831,406 Technology Capital Improvement 47,175,165 Transportation Capital Projects 53,446,538 17,589,079 Internal Service Funds Sheriff Warehouse Total 403,212 $30,103,688 83 $30,103,688 $940,081,573 $940,081,573 Notes to the Financial Statements (Continued) NOTE 19 – SUBSEQUENT EVENT On August 31, 2022, Maricopa County utilized proceeds from the Pledged Revenue Obligations, Series 2022, to make advanced payments of $150 million to the Maricopa County Sheriff’s Office Public Safety Retirement System Plan and $110 million to the Maricopa County Corrections Officer Retirement Plan. The payments were made to reduce the unfunded actuarial accrued liability and were included in the fiscal year 2023 budget. NOTE 20 – 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, 2022, consist of the following: Deposits: Cash in bank $ 1,478,020 Investments: Money market 22,071,660 Federal Home Loan Banks 2,471,762 Federal National Mortgage Association 38,391 Government National Mortgage Association 18,528 Arizona Community Foundation Down Payment Assistance Investment Notes $ Total deposits and investments: 2,088,688 3,368 28,170,417 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, 2022, $23,052,665 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. 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. 84 Notes to the Financial Statements (Continued) Estimated maturities of the Authority’s investments consisted of the following at June 30, 2022: Within six months Investment Type Federal National Mortgage Association Six months to one year $ $ One to three years $ More than three years $ Government National Mortgage Association Federal Home Loan Banks 38,391 $ 38,391 18,528 18,528 2,471,762 Arizona Community Foundation 2,471,762 2,088,688 2,088,688 3,368 Down Payment Assistance Investment Notes Totals: Totals $ 2,088,688 $ $ 2,475,130 3,368 $ 56,919 $ 4,620,737 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, 2022 were in Federal Home Loan Banks and the Arizona Community Foundation. These investments were 53.5% and 45.2%, 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, 2022, credit risk for the Authority’s investments was as follows: Investment type Moody's Rating Standard and Poor's Rating Federal Home Loan Banks Aaa AA+ Federal National Mortgage Association Aaa AA+ Government National Mortgage Association Aaa AA+ 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 loss in the fair value of investments of $283,541 and a realized loss of $75,425 for the year ended June 30, 2022. The unrealized and realized gains/losses are included in investment earnings in nonoperating revenues in the accompanying statement of revenues, expenses and changes in fund net position. 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. 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; 85 Notes to the Financial Statements (Continued) 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, 2022, 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: $ 2,471,762 38,391 18,528 2,088,688 4,617,369 External investments measured at net asset value Down Payment Assistance Investment Notes Totals investments measured at fair value: $ $ 3,368 4,620,737 $ Level 3 $ $ 2,471,762 38,391 18,528 $ $ $ 2,528,681 $ 2,088,688 2,088,688 C. Capital Assets The following is a summary of the changes in capital assets for the year ended June 30, 2022 for HAMC: Balance July 1, 2021 Increase Balance June 30, 2022 Decrease Nondepreciable assets: Land Construction in progress Total capital assets not being depreciated $ Depreciable assets: Buildings and improvements Machinery and equipment Total Less accumulated depreciation for: Buildings and improvements Machinery and equipment Total $ 614,735 614,735 663,586 663,586 6,115,136 1,003,467 7,118,603 155,384,929 6,394,880 677,587 474,345 53,084 156,062,516 6,816,141 161,779,809 1,151,932 53,084 162,878,657 46,523,594 1,372,274 47,895,868 3,203,075 2,225,866 5,428,941 45,000 45,396 49,726,669 3,553,140 53,279,809 113,883,941 Total capital assets being depreciated, net $ Total capital assets 6,115,136 1,052,318 7,167,454 121,051,395 $ $ (4,277,009) $ (3,662,274) 8,084 $ 671,670 109,598,848 $ 116,717,451 D. Long-Term Debt The following is a summary of the changes in noncurrent liabilities for the year ended June 30, 2022 for HAMC: Balance July 1, 2021 Loans and other payables: Loans payable Other long-term debt $ 42,793,934 3,592,495 Additions $ 86 6,216,098 368,469 Balance June 30, 2022 Reductions $ 9,297,583 1,607,546 $ 39,712,449 2,353,418 Due Within One Year $ 2,667,912 Notes to the Financial Statements (Continued) Balance July 1, 2021 3,489,560 Net pension liabilities Total noncurrent liabilities Additions $ 49,875,989 $ 6,584,567 $ Reductions Balance June 30, 2022 694,776 2,794,784 11,599,905 $ 44,860,651 Due Within One Year $ 2,667,912 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 $347,894 as of June 30, 2022. 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, 2022, with the remaining balance extended until 2023. HAMC drew on the line of credit with BBVA Bank in the amount of $350,000 on June 8, 2020. In fiscal year 2021, the Authority drew down another $320,114. The outstanding balance was $0 as of June 30, 2022. 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 $3,746,144 as of June 30, 2022. 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 $2,212,237 as of December 31, 2021. 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. 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, 2022, 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, 2022, was $500,000. Contractual obligation to One Mortgage Partners Corp in the original amount of $900,000. The Authority are required to meet the terms of agreement dated December 18, 2020 and through December 18, 2035. The balance at June 30, 2022 was $900,000. 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 $1,334,043 as of December 31, 2021. 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 $226,088 as of December 31, 2021. 87 Notes to the Financial Statements (Continued) 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 $281,463 as of December 31, 2021. 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 $1,438,986 as of December 31, 2021. 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 $180,000 as of December 31, 2021. 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 $13,512,876 as of December 31, 2021. 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, 2021. 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 $1,167,554 as of December 31, 2021. 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, 2021, was $981,811. 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, 2021, 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, 2021, $335,742 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 bear 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, 2021, was $4,800,000. 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%. 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. The loan was paid off on January 29, 2021 with proceeds from equity installments, construction cash, and permanent loan proceeds. 88 Notes to the Financial Statements (Continued) Note payable to Orix Real Estate Capital, LLC, dated January 29, 2021, in the original principal amount of $5,600,000. The note bears interest at 4.8% and has a service fee of 0.09%. Monthly payments of principal and interest are payable beginning in February 2022. The note matures January 1, 2038 at which time all remaining principal and interest shall be due. The note is secured by a mortgage on the rental property. The balance at December 31, 2021 was $5,545,575. Annual debt service requirements to maturity are as follows: Business-type Activities Year Ending June 30 2023 2024 2025 2026 2027 2028-32 2033-37 2038-42 2043-45 Principal $ 2,667,919 469,448 486,060 531,877 524,135 29,546,817 3,282,614 110,233 2,093,346 $ 39,712,449 Total 89 90 Financial Section Required Supplementary Information Required Supplementary Information Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund Year Ended June 30, 2022 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Taxes Licenses and permits $ 657,395,605 $ 657,395,605 $ 669,238,483 $ 11,842,878 1,390,656 1,390,658 1,564,027 173,369 Intergovernmental 875,484,006 875,546,985 1,078,956,261 203,409,276 Charges for services 69,174,823 70,247,179 71,439,452 1,192,273 Fines and forfeits 9,236,136 9,235,081 9,955,257 720,176 2,400,000 2,120,296 1,617,201,522 2,400,000 2,120,321 1,618,335,829 (38,641,019) 49,250,725 1,841,763,186 (41,041,019) 47,130,404 223,427,357 Interest income Miscellaneous Total revenues EXPENDITURES General government Assessor 27,902,573 28,792,510 27,548,174 1,244,336 Assistant County Manager 3,125,606 3,223,954 2,423,355 800,599 Board of Supervisors 2,387,265 2,453,470 2,209,180 244,290 County Call Center 2,330,816 2,447,982 2,447,982 Clerk of the Board 1,715,889 1,768,163 1,353,147 415,016 County Attorney 9,865,389 10,396,472 9,834,585 561,887 County Manager’s Office 3,061,105 3,150,308 2,577,603 572,705 Elections 14,613,591 20,991,131 20,576,051 415,080 Enterprise Technology 71,505,067 68,352,440 56,156,581 12,195,859 Equipment Services 3,196,625 2,550,593 545,517 2,005,076 Facilities Management 46,441,303 46,954,190 45,724,761 1,229,429 Human Resources 12,211,238 12,509,841 11,965,074 544,767 Internal Audit 2,454,238 2,533,260 2,170,794 362,466 150,862,897 113,023,128 (14,407,267) 127,430,395 Office of Budget and Finance 5,513,123 5,708,055 5,065,618 642,437 Procurement Services 2,707,008 2,803,277 2,301,102 502,175 Recorder 7,845,773 7,382,592 8,125,179 7,643,421 8,045,243 7,625,510 79,936 17,911 375,122,098 343,427,374 194,163,010 149,264,364 Non Departmental Treasurer Total general government Public safety Adult Probation Clerk of Superior Court Constables 71,067,350 69,966,344 66,802,646 3,163,698 39,589,303 41,460,277 41,327,181 133,096 3,883,211 3,973,658 3,841,198 132,460 County Attorney 94,032,899 97,345,492 89,524,304 7,821,188 Emergency Management 3,733,188 3,822,524 3,584,362 238,162 Equipment Services 9,711,848 9,065,816 7,434,726 1,631,090 Facilities Management 7,436,475 8,343,405 2,540,400 5,803,005 Justice Courts 21,851,102 22,770,977 20,976,776 1,794,201 Juvenile Probation 22,408,395 22,830,949 21,873,482 957,467 Legal Advocate 14,963,939 15,594,878 The notes to the budgetary comparison schedules are an integral part of this schedule. 15,496,435 98,443 (continued) 93 Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund (Continued) Year Ended June 30, 2022 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) Public safety (cont.) Legal Defender Non Departmental $ 15,598,721 36,394,613 $ 16,214,860 19,573,677 $ 14,990,672 $ 1,224,188 9,431,027 10,142,650 331,579 Planning and Development 1,245,076 1,248,746 917,167 Public Advocate 10,772,156 11,152,273 10,404,944 747,329 Public Defender 47,191,735 49,042,833 45,817,371 3,225,462 Public Defense Services 51,065,250 51,222,015 46,631,890 4,590,125 Public Fiduciary 4,958,757 5,212,551 4,640,888 571,663 Sheriff Superior Court 162,363,764 101,494,655 719,762,437 171,325,411 113,121,901 733,288,587 165,457,773 106,936,044 678,629,286 5,867,638 6,185,857 54,659,301 109,439 109,439 83,651 25,788 1,096,656 1,096,656 1,096,656 945,259 981,712 981,708 4 Correctional Health 3,743,397 3,771,893 2,430,327 1,341,566 Environmental Services 12,341,182 12,686,217 12,670,742 15,475 Facilities Management 60,000 60,000 38,453 21,547 Total public safety Highways and Streets Transportation Health, welfare and sanitation Air Quality Animal Care and Control Human Services 4,308,592 4,389,701 3,112,970 1,276,731 Medical Examiner 14,351,764 15,090,975 13,934,151 1,156,824 Non Departmental 312,744,718 17,040,988 311,693,565 17,727,156 275,665,341 16,284,178 36,028,224 1,442,978 366,632,556 367,497,875 326,214,526 41,283,349 861,313 861,313 861,313 3,047,807 2,797,997 3,067,154 2,716,163 3,060,670 Non Departmental 6,484 2,716,163 Total Education 5,845,804 5,783,317 3,060,670 2,722,647 1,468,333,647 1,450,967,905 1,203,012,456 247,955,449 148,867,875 167,367,924 638,750,730 471,382,806 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. 94 (continued) Maricopa County Required Supplementary Information Budgetary Comparison Schedule General Fund (Continued) Year Ended June 30, 2022 OTHER FINANCING SOURCES (USES) Financed Purchase Agreements $ Transfers in $ $ 6,532,056 $ 6,532,056 12,068,000 (601,054,074) 12,068,000 (619,554,123) 12,068,000 (568,167,336) 51,386,787 (588,986,074) (607,486,123) (549,567,280) 57,918,843 Net change in fund balances (440,118,199) (440,118,199) 89,183,450 529,301,649 Fund balance, July 1, 2021 440,118,199 440,118,199 620,826,395 180,708,196 Transfers out Total other financing uses Change in nonspendable resources: Decrease in inventories Fund balance, June 30, 2022 $ 0 $ The notes to the budgetary comparison schedules are an integral part of this schedule. 95 0 $ 1,153,310 711,163,155 $ 1,153,310 711,163,155 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Coronavirus Fiscal Recovery Fund Year Ended June 30, 2022 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Intergovernmental $ 438,839,208 $ 412,727,284 $ Interest income Miscellaneous 438,839,208 Total revenues 205,634,050 $ (207,093,234) 7,100,000 (19,829,210) 241,446 (19,829,210) (6,858,554) 419,827,284 186,046,286 (233,780,998) 22,574,277 EXPENDITURES General Government Assistant County Manager 57,750,000 35,175,723 County Manager 5,000,000 1,505,967 3,494,033 Human Resources 1,509,500 490,802 1,018,698 Office of Budget and Finance 1,500,000 300,000 119,915 2,601 1,380,085 297,399 66,059,500 37,295,008 28,764,492 Adult Probation 1,279,055 313,530 965,525 County Attorney 5,833,753 245,179 5,588,574 94,799 Procurement Services Total General Government Public Safety Emergency Management 160,000 65,201 Juvenile Probation 516,500 466,593 49,907 Public Defense Services 3,994,827 792,917 3,201,910 Public Fiduciary 2,380,000 421,710 1,958,290 Sheriff 8,983,200 665,500 8,562,574 533,825 420,626 131,675 23,812,835 11,401,529 12,411,306 Superior Court Total Public Safety Health, Welfare, and Sanitation Correctional Health 21,606,824 19,632,831 1,973,993 Human Services 185,639,072 74,556,492 111,082,580 Medical Examiner 2,964,250 627,137 2,337,113 438,839,208 30,611,303 82,333,500 1,104,641 59,431,131 29,506,662 22,902,369 438,839,208 323,154,949 155,352,232 167,802,717 6,800,000 1,665,979 5,134,021 419,827,284 Non Departmental Public Health Total health, welfare and sanitation Culture and Recreation Parks and Recreation 205,714,748 214,112,536 Excess (deficiency) of revenues over expenditures 438,839,208 (19,668,462) (19,668,462) Net Change in fund balance Fund balance, July 1, 2021 Fund balance, June 30, 2022 (19,668,462) 1,768,024 (17,900,438) (19,668,462) 1,768,024 (17,900,438) Total Expenditures $ $ The notes to the budgetary comparison schedules are an integral part of this schedule 96 $ $ Maricopa County Required Supplementary Information Budgetary Comparison Schedule Detention Operations Fund Year Ended June 30, 2022 Variance With Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) REVENUES Taxes $ 196,615,774 $ 196,615,774 $ 249,052,141 $ 52,436,367 Intergovernmental 206,950 206,952 3,200 (203,752) Charges for services 10,973,048 10,973,046 18,474,155 7,501,109 2,052 2,052 750,000 750,000 (5,978,543) 167,893 (6,728,543) 167,893 208,545,772 208,545,772 261,720,898 53,175,126 1,493,944 Fines & Forfeit Interest income Miscellaneous Total revenues EXPENDITURES Public safety Adult Probation 42,459,345 43,639,328 42,145,384 Emergency Management 48,941 48,941 48,941 Enterprise Technology 1,830,967 2,325,248 1,967,689 357,559 Equipment Services 2,949,304 2,822,830 808,713 2,014,117 Facilities Management 33,976,915 34,107,145 21,169,377 12,937,768 Integrated Criminal Justice Information 1,842,074 1,873,788 1,758,348 115,440 Juvenile Probation 38,589,182 40,978,027 39,151,832 1,826,195 Non Departmental 23,982,289 12,273,692 52,200 12,221,492 Sheriff 242,796,697 257,670,303 238,832,468 18,837,835 388,475,714 395,739,302 345,934,952 49,804,350 71,565,063 75,095,409 68,491,138 6,604,271 275,015 308,580 231,883 76,697 Total expenditures 460,315,792 471,143,291 414,657,973 56,485,318 Deficiency of revenues under expenditures (251,770,020) (262,597,519) (152,937,075) 109,660,444 Transfers in 238,623,094 249,450,593 200,123,669 (49,326,924) Transfers out (43,806,700) (43,806,700) (42,925,709) 1,244,191 880,991 1,244,191 194,816,394 205,643,893 158,442,151 (47,201,742) Net change in fund balances (56,953,626) (56,953,626) 5,505,076 62,458,702 Fund balance, July 1, 2021 84,816,501 84,816,501 121,882,005 37,065,504 Total public safety Health, welfare, and sanitation Correctional health Education County School Superintendent OTHER FINANCING SOURCES (USES) Financed Purchase Agreementsr Total other financing sources (uses) Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2022 $ 27,862,875 $ 27,862,875 The notes to the budgetary comparison schedules are an integral part of this schedule 97 $ 496,826 127,883,907 $ 496,826 100,021,032 Maricopa County Required Supplementary Information Budgetary Comparison Schedule Pension Reserve Fund Year Ended June 30, 2022 Final Budget Budgeted Amounts Actual Amounts Final Original Positive (Negative) Revenues Interest Income $ $ $ (13,696,750) $ (13,696,750) Total Revenues (13,696,750) (13,696,750) Expenditures Public Safety 50,825,000 50,825,000 50,825,000 50,825,000 (50,825,000) (64,521,750) Bond Proceeds 500,825,000 500,825,000 Total Other Financing Sources 500,825,000 500,825,000 450,000,000 436,303,250 Non Departmental Total expenditures Excess of revenues over expenditures (13,696,750) Other Financing Sources Net change in fund balances (13,696,750) Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ $ 450,000,000 The notes to the budgetary comparison schedules are an integral part of this schedule 98 $ 436,303,250 $ (13,696,750) Maricopa County Required Supplementary Information Notes to Budgetary Comparison Schedules Year Ended June 30, 2022 NOTE 1 – 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, Detention Operations Fund, and Pension Reserve 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, Justice Reinvestment Fund, Street Lighting District, 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 – BUDGETARY BASIS OF ACCOUNTING The County’s budget is prepared on a basis consistent with generally accepted accounting principles, except for the following unbudgeted item:  Present value of net minimum lease payments. The following schedule reconciles the excess (deficiency) of revenues over expenditures from the statement of revenues, expenditures, and changes in fund balances to the budgetary comparison schedules: General Fund Excess (deficiency) of revenues over expenditures from the statement of revenues, expenditures, and changes in fund balances Present value of net minimum lease payments Excess (deficiency) of revenues over expenditure from the budgetary comparison schedules 99 638,175,618 Coronavirus Fiscal Recovery Fund (20,551,133) (575,112) (882,671) 638,750,730 (19,668,462) Maricopa County Required Supplementary Information Schedule of the County’s Proportionate Share of Net Pension Liability Cost-Sharing Plans June 30, 2022 Arizona State Retirement System Reporting fiscal year (measurement date) 2022 (2021) County's proportion of the net pension liability 2021 (2020) 2020 (2019) 2019 (2018) 2018 (2017) 5.0% 5.0% 5.1% 4.9% 5.0% County’s proportionate share of the net pension liability $661,793,454 $859,913,468 $740,981,614 $687,946,426 $772,309,903 County’s covered payroll $ 564,459,191 $541,868,155 $515,839,976 $497,392,855 $484,648,435 County’s proportionate share of the net pension liability as a percentage of its covered payroll 117.2% 158.7% 143.6% 138.3% 159.4% Plan fiduciary net position as a percentage of the total pension liability 78.6% 69.3% 73.2% 73.4% 69.9% Corrections Officer Retirement Plan—Administrative Office of the Courts Reporting fiscal year (measurement date) 2022 (2021) County's proportion of the net pension liability County’s proportionate share of the net pension liability 2021 (2020) 2020 (2019) 2019 (2018) 2018 (2017) 59.4% 60.2% 60.3% 58.9% 58.6% 220,624,900 $287,527,851 $254,496,651 $212,174,173 $235,278,988 $71,052,917 $70,273,305 $67,273,479 $ 69,971,380 $71,975,534 County’s proportionate share of the net pension liability as a percentage of its covered payroll 315.3% 399.5% 358.2% 301.9% 349.7% Plan fiduciary net position as a percentage of the total pension liability 62.5% 50.1% 52.0% 53.7% 49.2% County’s covered payroll Elected Officials Retirement Plan Reporting fiscal year (measurement date) 2022 (2021) County's proportion of the net pension liability County’s proportionate share of the net pension liability State’s proportionate share of the net pension liability associated with the County 2021 (2020) 2020 (2019) 2019 (2018) 2018 (2017) 26.6% 31.0% 36.3% 26.1% 29.2% 162,072,424 $209,046,481 $240,825,637 $164,732,203 $355,290,457 16,290,912 19,868,205 22,635,120 28,225,796 115,022,979 Total $178,363,336 $228,914,686 $263,460,757 $192,957,999 $470,313,436 County’s covered payroll $20,745,477 $24,148,819 $32,728,218 $31,666,783 $27,453,840 County’s proportionate share of the net pension liability as a percentage of its covered payroll 859.8% 947.9% 805.0% 609.3% 1,713.1% Plan fiduciary net position as a percentage of the total pension liability 36.3% 29.8% 30.1% 30.4% 19.7% 100 Arizona State Retirement System Reporting fiscal year (measurement date) 2017 (2016) 2016 (2015) 2015 (2014) 2014 through 2013 (Information not available) 5.1% 5.2% 5.1% $825,659,181 $809,331,280 $748,436,636 $477,764,920 $479,712,628 $457,944,565 172.8% 168.7% 163.4% 67.1% 68.4% 69.5% Corrections Officer Retirement Plan—Administrative Office of the Courts Reporting fiscal year (measurement date) 2017 (2016) 2016 (2015) 2015 (2014) 2014 through 2013 (Information not available) 58.5% 57.3% 56.0% $165,172,262 $139,409,566 $125,717,900 $66,943,949 $65,257,263 $61,821,694 246.7% 213.6% 203.4% 57.9% 58.6% 54.8% Elected Officials Retirement Plan Reporting fiscal year (measurement date) 2017 (2016) 2016 (2015) 2015 (2014) 2014 through 2013 (Information not available) 32.1% 28.7% 28.0% $303,669,813 $224,240,437 $187,488,213 62,699,965 69,908,836 57,485,628 $366,369,778 $294,149,273 $244,973,841 27,158,658 26,294,214 25,707,192 1,349% 1,119% 952.9% 23.4% 28.3% 31.9% 101 Maricopa County Required Supplementary Information Schedule of Changes in the County’s Net Pension Liability and Related Ratios Agent Plans June 30, 2022 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) 2022 (2021) 2021 (2020) $11,059,714 47,638,139 $11,398,697 45,053,248 (985,429) Reporting fiscal year (measurement date) 2020 (2019) $ 2019 (2018) 2018 (2017) 13,413,866 42,374,413 $ 11,345,423 40,107,324 $ 13,198,618 36,942,782 4,589,857 10,266,804 9,575,440 10,594,310 28,743 6,359,832 17,345,618 (31,813,158) 25,899,266 657,424,110 683,323,376 (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 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) $32,250,070 4,921,073 76,130,066 $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 $ (31,813,158) (356,981) 69,062 81,200,132 272,625,770 $353,825,902 (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 County’s net pension liability—ending (a) – (b) $329,497,474 $384,798,340 $ 358,716,320 $ 333,413,108 $ 322,799,223 51.8% 41.5% 42.2% 41.9% 41.4% $ 51,127,839 $ 51,773,513 644.5% 743.2% 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 $ 53,880,062 $ 52,850,657 665.8% 25,052,855 6,587,195 23,760,529 $ 55,883,688 630.9% 577.6% PSPRS Attorney Investigators Reporting fiscal year (Measurement Date) 2022 (2021) 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 $ $ 2021 (2020) 147,509 903,873 $ 2020 (2019) 162,734 908,177 $ 2019 (2018) 385,172 902,532 $ 2018 (2017) 237,953 864,487 $ 248,675 822,148 (23,853) (171,625) (103,230) 79,273 95,767 5,143 (72,143) 670,559 (904,330) (24,573) 12,686,484 $12,661,911 (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 1,158,728 63,179 2,748,098 $ (904,330) (13,044) 102 1,361,887 90,787 120,018 (1,118,476) (9,789) $ $ 1,667,991 226,878 447,760 (873,347) (8,782) $ $ 1,124,841 126,880 486,062 (845,968) (8,098) $ $ 1,461,247 145,186 686,868 (993,510) (6,478) PSPRS Sheriff Reporting fiscal year (measurement date) 2016 (2015) 2017 (2016) $ 2015 (2014) 2014 through 2013 (Information not available) 10,803,287 35,085,590 20,847,023 $ 8,569,277 32,648,223 $ 7,480,509 26,943,394 8,426,465 (12,732,697) 17,688,642 14,238,261 11,002,881 41,139,111 (26,854,711) 44,837,134 454,975,909 $ 499,813,043 (24,192,292) 31,263,469 423,712,440 $454,975,909 (21,535,223) 73,457,137 350,255,303 $423,712,440 $ 25,751,005 6,635,173 1,146,484 $ 19,300,393 5,718,569 6,829,419 14,269,254 4,854,094 22,842,521 (26,854,711) (165,373) 65,796 6,578,374 193,572,692 $ 200,151,066 (24,192,292) (166,999) 60,926 7,550,016 186,022,676 $193,572,692 (21,535,223) (183,966) (319,075) 19,927,605 166,095,071 $186,022,676 $ 299,661,977 $261,403,217 $237,689,764 40.1% 42.6% 43.9% 53,433,053 $ 50,323,844 $ 42,465,860 $ 560.8% 519.4% 559.7% PSPRS Attorney Investigators Reporting fiscal year (Measurement Date) 2017 (2016) 2016 (2015) $ 266,004 847,697 (118,749) $ 2015 (2014) 253,874 853,275 $ 2014 through 2013 (Information not available) 148,216 687,975 361,998 (262,824) 344,143 (324,461) 406,452 1,360,402 (815,133) 261,138 11,073,253 $ 11,334,391 (904,489) (121,801) 11,195,054 11,073,253 (919,786) 2,045,257 9,149,797 $ 11,195,054 1,077,456 147,013 162,028 $ $ 1,398,933 217,009 29,781 $ $ 875,484 175,233 508,376 (815,133) (904,489) (919,786) (4,685) (4,332) (4,094) 103 Maricopa County Required Supplementary Information Schedule of Changes in the County’s Net Pension Liability and Related Ratios Agent Plans (Continued) June 30, 2022 PSPRS Attorney Investigators (continued) Reporting fiscal year (Measurement Date) 3,052,631 9,670,127 12,722,758 2021 (2020) (46,523) 397,904 9,272,223 9,670,127 County’s net pension liability (asset)—ending (a) – (b) (60,847) 3,016,357 Plan fiduciary net position as a percentage of the total pension liability 100.5% 76.2% $ 4,079,047 $4,041,539 -1.5% 74.6% 2022 (2021) Other changes Net change in plan fiduciary net position Plan fiduciary net position—beginning Plan fiduciary net position—ending (b) 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) $ 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% $ 4,029,625 88.5% 2018 (2017) 63.3% $ 3,798,904 57.3% $ 3,636,066 118.3% 140.7% CORP Detention 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) 2022 (2021) 2021 (2020) $13,287,468 45,696,336 $ 13,394,907 41,607,029 (2,656,331) Reporting fiscal year (Measurement date) 2020 (2019) $ 2019 (2018) 2018 (2017) 15,808,183 37,503,283 $ 16,078,305 37,311,464 (28,640,732) $ 15,050,195 30,295,270 71,546,493 26,630,427 21,019,595 14,587,736 (6,990,041) (4,519,288) 9,430,261 (26,951,740) 29,375,733 626,165,614 655,541,347 (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 25,575,779 8,168,768 14,832,150 $ 18,023,723 8,487,865 17,773,630 $ 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) $29,396,714 7,487,182 84,644,735 $ 24,898,466 8,014,183 7,914,882 (26,951,740) (389,231) (280,273) 93,907,387 309,256,038 403,163,425 (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 County’s net pension liability—ending (a) – (b) 252,377,922 316,909,576 $ 275,467,410 $ 234,789,213 $ 260,868,302 61.5% 49.4% 51.6% 53.3% 48.6% 92,198,723 $ 104,307,731 $ 106,256,020 298.8% 225.1% 245.5% 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 $ 102,944,404 245.2% 104 $ 99,862,066 317.3% $ $ 16,136,049 8,227,293 26,109,497 PSPRS Attorney Investigators (continued) Reporting fiscal year (Measurement Date) 2017 (2016) 2016 (2015) $ 32 825,937 4,750,630 5,576,567 $ 5,757,824 $ $ 68,762 703,975 3,572,620 4,276,595 $ 6,322,623 $ 6,918,459 42.9% 3,893,987 2014 through 2013 (Information not available) (3,641) 474,035 4,276,595 4,750,630 49.2% $ 2015 (2014) $ 3,247,944 147.9% 38.2% $ 3,313,690 194.7% 208.8% CORP Detention Reporting fiscal year (Measurement date) 2017 (2016) $ $ $ 2016 (2015) 14,204,315 29,393,196 1,084,506 $ 14,287,455 27,839,448 $ 2014 through 2013 (Information not available) 13,157,787 22,915,599 4,251,385 (11,595,604) 16,921,282 (3,602,883) 10,839,392 27,217,502 (21,008,081) 28,999,614 377,837,502 406,837,116 (16,370,870) 22,153,150 355,684,352 377,837,502 (16,073,751) 62,307,914 293,376,438 355,684,352 15,892,539 8,277,119 1,315,283 $ (21,008,081) (186,382) (95,749) 4,194,729 213,591,979 217,786,708 $ 189,050,408 $ $ 105,470,072 179.2% 12,465,970 8,470,324 7,511,442 $ $ 11,963,290 8,207,931 24,337,934 $ (16,370,870) (185,964) (101,256) 11,789,646 201,802,333 213,591,979 $ (16,073,751) (191,360) (72,076) 28,171,968 173,630,365 201,802,333 $ 164,245,523 $ 153,882,019 53.5% $ 2015 (2014) 56.5% $ 104,462,671 56.7% $ 99,925,573 157.2% 154.0% 105 Maricopa County Required Supplementary Information Schedule of County Pension Contributions June 30, 2022 Reporting fiscal year 2022 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 $ PSPRS Sheriff Actuarially determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) PSPRS Attorney Investigators Actuarially determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) CORP Detention Actuarially determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) County’s covered payroll County’s contributions as a percentage of covered payroll $ 57,600,648 $ 52,884,110 52,884,110 $ 515,839,976 497,392,855 12.0% 11.7% 11.5% 11.2% 10.6% 23,387,516 $22,028,084 24,781,102 $ 23,387,516 $ $ 22,028,084 $ 22,666,439 $ 22,666,439 $ 15,669,281 15,669,281 $ 69,847,482 69,971,380 71,975,534 71,052,917 70,273,305 35.5% 33.4% 30.6% 31.9% 22.3% 11,847,708 $14,032,510 $16,310,970 $6,542,613 11,698,854 $ 11,847,708 $ 14,032,510 $ 16,310,970 $ $ 6,542,613 20,793,225 20,745,477 24,148,819 32,728,218 31,666,783 56.3% 57.1% 58.1% 49.8% 0.0% 32,428,673 $32,315,977 35,515,494 $ $ 75,515,494 (40,000,000) $ 32,428,673 $ 32,315,977 $ 30,654,710 $ 28,038,980 $ 20,277,318 7,761,662 30,654,710 $ 51,125,113 51,127,839 51,773,513 53,880,062 52,850,657 147.7% 63.4% 62.4% 56.9% 38.4% 881,544 $ 881,544 $ County’s covered payroll County’s contributions as a percentage of covered payroll 62,456,719 $ 57,600,648 541,868,155 $ $ $ 2018 564,459,191 11,698,854 County’s covered payroll County’s contributions as a percentage of covered payroll $62,459,719 2019 576,129,027 $ County’s covered payroll County’s contributions as a percentage of covered payroll 65,899,776 65,899,776 24,781,102 $ 2020 $ $ 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) $ 69,406,359 $ 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) 69,406,359 2021 1,169,393 $ 1,169,393 $ 1,377,237 $ 1,377,237 $ 1,622,619 $ 1,223,363 $ 1,104,357 119,006 1,622,619 $ 3,998,660 4,079,047 4,041,539 4,029,625 3,798,904 22.0% 28.7% 34.1% 40.3% 29.1% $ 28,694,520 $ $ 38,694,520 (10,000,000) $ 29,517,195 $ 29,517,195 25,084,557 $ 25,084,557 $ 24,700,209 $ 24,700,209 $ 18,380,097 18,380,097 $ 100,538,722 102,944,404 99,862,066 92,198,723 104,307,731 38.5% 28.7% 25.1% 26.8% 17.6% See accompanying notes to the pension plan schedules 106 Reporting fiscal year 2017 $ 52,137,019 2016 $ 52,137,019 $ $ 48,882,491 52,096,273 $ 48,882,491 $ 479,712,628 457,944,565 10.8% 10.8% 10.9% 10.7% 13,204,078 $ 12,319,262 $ 12,319,262 $ 9,496,405 $ 8,712,921 9,496,405 $ 8,712,921 $ 67,273,479 66,943,949 65,257,263 61,821,694 19.6% 18.4% 14.6% 14.1% 6,159,790 $ 6,159,790 6,065,753 $ 6,065,753 $ 6,033,621 $ 5,957,431 6,033,621 $ 5,957,431 $ 27,453,840 27,158,658 26,294,214 25,707,192 22.4% 22.3% 22.9% 23.2% 25,010,275 $ 25,010,275 $ 25,739,331 $ 25,739,331 $ 18,736,372 $ 14,269,254 18,736,372 $ 14,269,254 $ 55,883,688 53,433,053 50,323,844 42,465,860 44.8% 48.2% 37.2% 33.6% 1,461,227 $ 1,461,227 $ $ $ 477,764,920 $ $ 52,096,273 2014 484,648,435 13,204,078 $ $ 51,696,840 $ $ $ 51,696,840 2015 1,399,472 $ 1,399,472 $ 1,052,103 $ 875,484 1,052,103 $ 875,484 $ 3,636,066 3,893,987 3,247,944 3,313,690 40.2% 35.9% 32.4% 26.4% 16,132,787 $ 16,132,787 $ 15,896,136 $ 15,896,136 $ 12,444,879 $ 11,963,290 12,444,879 $ 11,963,290 $ 106,256,020 105,470,072 104,462,671 99,925,573 15.2% 15.1% 11.9% 12.0% 107 2013 information unavailable Maricopa County Required Supplementary Information Schedule of the County’s Proportionate Share of Net OPEB Liability (Asset) Cost-Sharing Plans June 30, 2022 Arizona State Retirement System Health Insurance Premium Benefit Reporting fiscal year (Measurement date) 2022 (2021) County's proportion of the net OPEB (asset) 2021 (2020) 2020 (2019) 5.1% 5.0% 5.1% County’s proportionate share of the net OPEB (asset) $(24,833,681) $(3,555,865) County’s covered payroll 564,459,191 541,868,155 -4.4% 130.2% County’s proportionate share of the net OPEB (asset) as a percentage of its covered payroll Plan fiduciary net position as a percentage of the total OPEB (asset) 2019 (2018) 2018 (2017) 4.9% 5.0% $(1,418,008) $1,784,004) $(2,706,073) 515,839,976 497,392,855 484,648,435 -0.7% -0.3% -0.4% -0.6% 104.3% 101.6% 102.0% 104.0% Arizona State Retirement System Long Term Disability Reporting fiscal year (Measurement date) 2022 (2021) County's proportion of the net OPEB liability 2021 (2020) 5.1% 2020 (2019) 5.0% 2019 (2018) 5.1% 2018 (2017) 4.8% 5.0% County’s proportionate share of the net OPEB liability $1,045,980 $3,787,937 $3,326,276 $2,501,068 $1,801,437 County’s covered payroll 564,459,191 541,868,155 515,839,976 497,392,855 484,648,435 County’s proportionate share of the net OPEB liability as a percentage of its covered payroll 0.2% 0.7% 0.6% 0.5% 0.4% Plan fiduciary net position as a percentage of the total OPEB liability 90.4% 68.0% 72.9% 78.0% 84.4% Corrections Officer Retirement Plan—Administrative Office of the Courts Health Insurance Premium Benefit Reporting fiscal year (Measurement date) 2022 (2021) County's proportion of the net OPEB (asset) County’s proportionate share of the net OPEB (asset) County’s covered payroll County’s proportionate share of the net OPEB (asset) as a percentage of its covered payroll Plan fiduciary net position as a percentage of the total OPEB (asset) 2021 (2020) 2020 (2019) 59.8% 60.1% 2019 (2018) 2018 (2017) 60.4% 59.0% 58.6% $(80,050) $2,366,417 $2,237,439 $3,031,501 $3,448,306 69,971,380 71,975,534 71,052,917 70,273,305 67,273,479 -0.1% 3.3% 3.1% 4.3% 5.1% 100.9% 75.1% 75.6% 67.8% 62.2% Elected Officials Retirement Plan Health Insurance Premium Benefit Reporting fiscal year (Measurement date) 2022 (2021) County's proportion of the net OPEB (asset) 2021 (2020) 2020 (2019) 2019 (2018) 2018 (2017) 27.7% 27.2% 26.3% 26.6% 26.3% County’s proportionate share of the net OPEB (asset) $(4,412,052) $(2,596,295) $(2,580,436) $(2,744,218) $(2,396,932) County’s covered payroll 20,745,477 24,148,819 32,728,218 31,666,783 27,453,840 -21.3% -10.8% -7.9% -8.7% -8.7% 231.3% 169.9% 169.7% 177.2% 164.8% County’s proportionate share of the net OPEB (asset) as a percentage of its covered payroll Plan fiduciary net position as a percentage of the total OPEB (asset) 2017 through 2013 information not available 108 Maricopa County Required Supplementary Information Schedule of Changes in the County’s Net OPEB Liability (Asset) and Related Ratios Agent Plans June 30, 2022 PSPRS Sheriff Health Insurance Premium Benefit Total OPEB liability (asset) Service cost Interest on the total OPEB liability (asset) Changes of benefit terms Differences between expected and actual experience in the measurement of the OPEB liability (asset) Changes of assumptions or other inputs Benefit payments, including refunds of employee contributions Net change in total OPEB liability (asset) Total OPEB liability (asset)—beginning Total OPEB liability (asset)—ending (a) 2022 (2021) 2021 (2020) Reporting fiscal year (Measurement date) 2020 2019 (2019) (2018) $256,628 642,497 $263,604 651,631 $185,032 751,490 $179,532 730,031 $203,633 757,348 39,752 (943,526) (555,985) (2,057,940) 75,429 (308,723) (506,183) (308,611) (343,513) (387,914) 8,716,455 8,328,541 (370,022) (10,772) 8,727,227 8,716,455 (394,040) (1,440,029) 10,167,256 8,727,227 (418,196) 182,644 9,984,612 10,167,256 (394,962) (209,023) 10,193,635 9,984,612 19,755 19,755 3,842,402 12,205 12,205 178,224 5,848 5,848 740,112 1,783 919,060 1,429,164 (343,513) (15,799) (370,022) (14,494) (394,040) (12,775) 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 Adjustments to beginning of year Plan fiduciary net position—ending (b) 3,522,600 13,983771 (181,882) 14,165,653 17,506,371 13,983,771 344,993 13,818,876 1,784 14,165,653 County’s net OPEB liability (asset)—ending (a) – (b) (9,177,830) (5,267,316) 210.2% 160.4% 51,127,839 51,773,513 Plan fiduciary net position as a percentage of the total OPEB liability (asset) Covered payroll County’s net OPEB liability (asset) as a percentage of covered payroll -18.0% (418,196) (13,988) (1) 488,658 13,330,218 1,021,557 12,308,661 13,818,876 13,330,218 (5,438,426) (3,651,620) (3,345,606) 162.3% 135.9% 133.5% 53,880,062 52,850,657 55,883,688 -10.2% -10.1% PSPRS Attorney Investigators -6.9% -6.0% Health Insurance Premium Benefit Plan fiduciary net position Contributions—employer Contributions—employee Net investment income Benefit payments, including refunds of employee contributions Administrative expense (394,962) (12,645) Reporting fiscal year (Measurement Date) 2022 (2021) Total OPEB liability (asset) Service cost Interest on the total OPEB liability (asset) Changes of benefit terms Differences between expected and actual experience in the measurement of the OPEB liability (asset) Changes of assumptions or other inputs Benefit payments, including refunds of employee contributions Net change in total OPEB liability (asset) Total OPEB liability (asset)—beginning Total OPEB liability (asset)—ending (a) 2018 (2017) 2021 (2020) 2020 (2019) 2019 (2018) 2018 (2017) $4,704 16,121 $5,256 16,463 $5,536 16,634 $5,741 15,848 $5,224 14,545 7,859 (59,285) (10,233) (10,992) (306) (2,199) 1,348 2,096 (11,234) (49,694) 221,743 172,049 (13,915) (2,429) 224,172 221,743 (11,908) (1,036) 225,208 224,172 (10,941) 8,449 216,759 225,208 (11,263) 19,809 196,950 216,759 1,186 1,524 1,665 637 1,735 72,298 3,419 14,422 18,039 28,292 (11,234) (297) (13,915) (278) (11,908) (249) (10,941) (275) (11,263) (251) 109 Maricopa County Required Supplementary Information Schedule of Changes in the County’s Net OPEB Liability (Asset) and Related Ratios Agent Plans (Continued) June 30, 2022 PSPRS Attorney Investigators (continued) Reporting fiscal year (Measurement Date) 2022 (2021) Other changes Net change in plan fiduciary net position Plan fiduciary net position—beginning Adjustments to beginning of year Plan fiduciary net position—ending (b) County’s net OPEB liability (asset)—ending (a) – (b) Plan fiduciary net position as a percentage of the total OPEB liability (asset) Covered payroll County’s net OPEB liability (asset) as a percentage of covered payroll 2021 (2020) 61,953 266,016 (9,250) 275,266 327,969 2020 (2019) 2019 (2018) 2018 (2017) 7,460 262,881 18,513 244,368 266,016 3,930 270,341 995 275,266 270,341 262,881 (155,920) (44,273) (51,094) (45,133) (46,122) 190.6% 120.0% 122.8% 120.0% 121.3% 4,079,047 4,041,539 4,029,625 3,798,904 3,636,066 -3.8% -1.1% -1.3% -1.2% -1.3% CORP Detention Health Insurance Premium Benefit Total OPEB liability (asset) Service cost Interest on the total OPEB liability (asset) Changes of benefit terms Differences between expected and actual experience in the measurement of the OPEB liability (asset) Changes of assumptions or other inputs Benefit payments, including refunds of employee contributions Net change in total OPEB liability (asset) Total OPEB liability (asset)—beginning Total OPEB liability (asset)—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) 2022 (2021) 2021 (2020) Reporting fiscal year (Measurement date) 2020 2019 (2019) (2018) $243,057 831,418 $278,738 788,668 $207,271 851,107 $217,141 799,775 $280,318 906,839 (840,089) (110,824) (1,690,768) 162,454 (133,617) (415,167) (1,736,587) (354,349) (119,963) 11,323,412 11,203,449 (316,218) 640,364 10,683,048 11,323,412 (282,391) (752,327) 11,435,375 10,683,048 (294,249) 589,050 10,846,325 11,435,375 (280,215) (1,244,812) 12,091,137 10,846,325 19,113 19,464 2018 (2017) 4,818,560 495,897 930,067 1,167,804 1,746,674 (354,349) (19,833) (316,218) (19,192) (282,391) (16,598) (280,215) (15,278) 4,444,378 17,957,133 22,401,511 160,487 17,796,646 17,957,133 631,078 17,165,568 17,796,646 (294,249) (17,668) 1 875,001 16,290,567 17,165,568 1,470,645 14,819,922 16,290,567 County’s net OPEB liability (asset)—ending (a) – (b) (11,198,062) (6,633,721) (7,113,598) (5,730,193) (5,444,242) Plan fiduciary net position as a percentage of the total OPEB liability (asset) 200.0% 158.6% 166.6% 150.1% 150.2% 102,944,404 99,862,066 92,198,723 104,307,731 106,256,020 -10.9% -6.6% -7.7% -5.5% -5.1% Covered payroll County’s net OPEB liability (asset) as a percentage of covered payroll 2017 through 2013 information not available 110 Maricopa County Required Supplementary Information Schedule of County OPEB Contributions June 30, 2022 Reporting fiscal year 2022 Arizona State Retirement SystemHealth insurance premium benefit Statutorily required contribution County’s contributions in relation to the statutorily required contribution County’s contribution deficiency (excess) $ County’s covered payroll County’s contributions as a percentage of covered payroll PSPRS Attorney Investigators-Health insurance premium benefit Actuarially determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) County’s covered payroll County’s contributions as a percentage of covered payroll CORP Detention-Health insurance premium benefit Actuarially determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) County’s covered payroll County’s contributions as a percentage of covered payroll $ $ $ 2,630,535 $ 2,331,974 $ 2,331,974 $ 2017 2,112,434 $ 2,112,434 $ 2,689,215 2,689,215 $ 541,868,155 515,839,976 497,392,855 484,648,435 0.2% 0.4% 0.5% 0.5% 0.4% 0.6% 808,790 $751,326 $667,849 1,086,401 $ 1,004,892 $ 1,004,892 $ 911,102 $ 911,102 $ 808,790 $ 751,326 $ 667,849 $ 576,129,027 564,459,191 541,868,155 515,839,976 497,392,855 484,648,435 0.2% 0.2% 0.2% 0.2% 0.2% 0.1% 309,297 $ $ 344,659 $ 344,659 $ 369,810 $ 369,810 $ 380,835 $ 380,835 $ 577,671 $ 525,994 577,671 $ 525,994 $ 69,847,482 69,971,380 71,975,534 71,052,917 70,273,305 67,273,479 0.4% 0.5% 0.5% 0.5% 0.8% 0.8% 8,252 $7,366 $5,732 12,743 $ 12,743 $ 8,252 $ 7,366 $ $ 5,732 $ 1,377 $ 0 1,377 $ 0 $ 51,125,113 51,127,839 51,773,513 53,880,062 52,850,657 55,883,688 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 146 $ 146 $ $ 2,630,535 2018 564,459,191 309,297 $ $ 2,178,142 1,086,401 $ 2,178,142 2019 576,129,027 $ $ 2020 $ $ County’s covered payroll County’s covered payroll County’s contributions as a percentage of covered payroll CORP AOC-Health insurance premium benefit Statutorily determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) County’s covered payroll County’s contributions as a percentage of covered payroll PSPRS Sheriff-Health insurance premium benefit Actuarially determined contribution County’s contributions in relation to the actuarially determined contribution County’s contribution deficiency (excess) 1,200,513 1,200,513 County’s contributions as a percentage of covered payroll Arizona State Retirement SystemLong term disability Statutorily required contribution County’s contributions in relation to the statutorily required contribution County’s contribution deficiency (excess) 2021 1,264 $ 1,264 $ 1,671 $ 1,671 $ 1,855 $ 1,855 $ 1,546 $ 1,735 1,546 $ 1,735 $ 3,998,660 4,079,047 4,041,539 4,029,625 3,798,904 3,636,066 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 19,491 $ 19,437 19,491 $ 19,437 $ 100,538,722 102,944,404 99,862,066 92,198,723 104,307,731 106,256,020 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% The County was not required and did not contribute to the EORP health insurance premium benefit plan for fiscal years 2022 through 2017. Information for fiscal years 2016 through 2013 is not available. 111 Maricopa County Required Supplementary Information Notes to Pension/OPEB Plan Schedules Year Ended June 30, 2022 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 2020 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: 16 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 2019 actuarial valuation, the investment rate of return was decreased from 7.4% to 7.3%. 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 2019 actuarial valuation, changed to PubS-2010 tables. In the 2017 actuarial valuation, changed to RP-2014 tables, with 75% of MP2016 fully generational projection scales. RP-2000 mortality table (adjusted by 105% for both males and females) 112 Maricopa County Required Supplementary Information Notes to Pension/OPEB Plan Schedules (Continued) Year Ended June 30, 2022 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. . 113 Maricopa County Required Supplementary Information Modified Approach for Infrastructure Assets Year Ended June 30, 2022 Condition Rating of Maricopa County Roadway System Percentage of Centerline Miles in Very Good or Excellent Condition (70-100) Roadway System FY 2022 46% FY 2021 76% FY 2020 80% FY 2019 85% FY 2018 91% Percentage of Centerline Miles in Substandard Condition (< 55) Roadway System FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 13% 3% 4% 5% 1% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 $ 16,909,150 $ 30,078,267 $ 17,771,127 $ 21,800,666 $ 15,171,864 $ 18,345,252 $ 24,011,356 $ 19,705,496 $ 41,492,218 $ 35,255,255 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). 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. In FY 2022, new inspection protocols were implemented that provide a more comprehensive and robust inspection process. In addition, in FY 2022, all segments were inspected to create a baseline for the new inspection protocols. As a result of the more comprehensive inspection process and the inspection of all roads, FY 2022 ratings show a decrease in OCI ratings, but are expected to be within County expectations in subsequent fiscal years. Besides FY 2022, pavement condition assessments are determined annually for all arterial roads and approximately one-half of the local roads are inspected annually. Actual maintenance/preservation costs exceeded budget due to projects exceeding initial estimates and several projects that were not initially budgeted but had expenditures during FY 2022. Condition Rating of Maricopa County Bridge System Percentage of Bridges >=5 Bridge System FY 2022 100% Percentage of Bridges >= 70 FY 2021 100% FY 2020 100% FY 2019 100% FY 2018 100% Comparison of Estimated to Actual Maintenance/Preservation Estimated Actual FY 2022 $ 2,082,250 $ 2,943,651 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 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). 114 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. Animal Care Donations — (Fund 575) Accounts for cash and in-kind donations by citizens or groups for the benefit of community and shelter cats and dogs. 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 117 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. Coronavirus Relief Fund — (Fund 200) 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). 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. 118 Maricopa County Listing of Nonmajor Governmental Funds (Continued) This fund is part of the Maricopa County Flood Control District, a legally separate entity, which is a blended component unit of Maricopa County. Flood Control Grants — (Fund 989) General Government Grants was set up to account for all non-department specific grant activity. This fund is part of the Maricopa County Flood Control District, a legally separate entity, which is a blended component unit of Maricopa County. Human Services Grants — (Fund 222) Accounts for the grant funds that are utilized for community action services designed to help the disadvantaged achieve self-sufficiency and family stability. Inmate Health Services — (Fund 254) Accounts for the co-payments received from inmates for self initiated health service pursuant to A.R.S. §31-161 and A.R.S. §31-162. Inmate Services — (Fund 252) Accounts for the funds that are held in trust for the benefit and welfare of the inmates, established under A.R.S. §31-121. The majority of revenues are derived from sales of food and sundries to inmates. Justice Court Judicial Enhancement — (Fund 204) Revenues consist of fees and surcharges collected under the authority of A.R.S. §22-281; and time payment fees collected under authority of A.R.S. §12-116; and on-line access subscription fees collected under authority of A.R.S. §22-284. Expenditures are used to improve, maintain and enhance the ability to collect and manage monies assessed or received by the courts and to improve court automation projects. Justice Courts Photo Enforcement — (Fund 237) Established by the Board of Supervisors on November 4, 2009 (C24-10-001-M-00) to account for the Justice Courts fee revenue and operating expenditures associated with photo radar traffic enforcement. Justice Courts Special Revenue — (Fund 245) Established for the purpose of defraying expenses of justice court services by providing improvements in court technology, operations and facilities to enable the courts to respond quickly to changing statutory and case processing needs. Operations are funded by a user’s charge to be added to the Defensive Driving School Diversion Fee as of March 1, 1998. 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. 119 Maricopa County Listing of Nonmajor Governmental Funds (Continued) 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. 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. 120 Maricopa County Listing of Nonmajor Governmental Funds (Continued) Sheriff Grants — (Fund 251) Accounts for grant and intergovernmental funds that support and enhance Sheriff Office activities. 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. 121 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. 122 123 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds June 30, 2022 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 2,547,924 Receivables 551,897 12,673,445 753,395 23,511 Due from other funds Due from other governmental units 84,082 943,060 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ $ 3,301,319 $ 635,979 $ 12,696,956 $ 943,060 $ 43,221 $ 29,051 $ 314,976 $ 60,504 LIABILITIES Accounts payable $ 142,630 Employee compensation payable 16,681 138,452 23,228 Accrued liabilities Due to other funds 428,670 876,677 Interest payable Special assessment debt with governmental commitment Unearned revenue 606,928 5,878 Deposits held for other parties Contract retention payable 571,300 Total liabilities 43,221 652,660 453,428 966,287 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental 26,345 525,718 26,345 525,718 Deferred inflows - leases Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 3,258,098 12,243,528 Committed (571,300) Total fund balances Total liabilities, deferred inflows of resources, and fund balances (43,026) (571,300) Unassigned $ 3,258,098 $ 3,301,319 124 (548,945) (43,026) $ 635,979 12,243,528 $ 12,696,956 (548,945) $ 943,060 SPECIAL REVENUE FUNDS Animal Animal Animal Care Donations Control Grants Control License $ $ 1,866 $ 110,399 1,980 Ballpark Operations $ Cactus CDBG Check League Operations Housing Trust Enforcement Program $ 571,792 $ 1,590,053 5,150,023 2,863 9,274 $ 551,624 1,123,134 59,387 3,204,323 64,219 $ 1,866 $ 110,399 $ 637,991 $ 1,592,916 $ 6,282,431 $ 3,755,947 $ $ 4,804 $ 1,999 $ 148,642 $ 684 $ 1,123,134 $ 2,489,088 $ 127,630 26 6,213 1,103 108,400 4,804 59,387 1,266,859 110,399 276,298 684 1,123,134 3,762,160 1,103 1,955,592 1,955,592 64,219 297,474 1,592,232 5,159,297 58,284 (2,938) (1,961,805) (2,938) $ 1,866 361,693 $ 110,399 $ 637,991 1,592,232 $ 1,592,916 5,159,297 $ 6,282,431 (1,961,805) $ 3,755,947 58,284 $ 59,387 (continued on next page) 125 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2022 SPECIAL REVENUE FUNDS Clerk of the Child Children’s Clerk of Clerk of Court Support Enhancement Issues Education the Court Fill The Gap The Court Grants Judicial Enhancement ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 1,364,070 Receivables 9,023 27,229 2,951,178 13,650 72,006 Due from other funds Due from other governmental units 365,267 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 1,377,720 $ 9,023 $ 27,229 $ 365,267 $ 3,023,184 LIABILITIES Accounts payable $ $ $ Employee compensation payable $ $ 27,229 18,912 2,676 Accrued liabilities Due to other funds 365,267 Interest payable Special assessment debt with governmental commitment Unearned revenue Deposits held for other parties Contract retention payable 27,229 Total liabilities 365,267 21,588 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental 87,506 Deferred inflows - leases 87,506 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 1,377,720 9,023 1,377,720 9,023 3,001,596 Committed (87,506) Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 1,377,720 126 $ 9,023 $27,229 $ (87,506) 3,001,596 365,267 $ 3,023,184 SPECIAL REVENUE FUNDS Clerk of Conciliation Coronavirus Correctional County County County The Court SRF Court Fees Relief Fund Health Grants Attorney Fill the Gap Attorney Grants Attorney RICO $ $ $ 4,673,913 1,698,175 275,303 145,286 $ $ 856 $ 3,510 $ 396,464 507,456 8,842,454 1,182,196 3,054,019 $ 4,949,216 $ 20,333 $ 1,843,461 $ $ 3,054,019 $ $ 856 $ $ 396,464 $ 33,398 $ $ 4,264 1,185,706 $ 9,349,910 108,393 $ 29,886 70,458 1,039,748 856 34,054 2,607,398 53,731 856 4,264 1,252,653 2,637,284 385,074 385,074 3,054,019 4,895,485 1,843,461 4,895,485 1,843,461 $ 4,949,216 $ 1,843,461 392,200 6,712,626 (452,021) 3,054,019 $ 3,054,019 392,200 $ 856 $ 396,464 (452,021) $ 1,185,706 6,712,626 $ 9,349,910 (continued on next page) 127 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2022 SPECIAL REVENUE FUNDS Domestic Criminal Relations Educational Justice Enhancement Mediation Education Supplemental Program $ $ $ Court Document Retrieval Elections Grants Emancipation Administration ASSETS Cash in bank and on hand $ $ $ Cash and investments held by County Treasurer 1,415,753 Receivables 99,446 194,392 13,926 420,606 1,490,841 2,526,994 11,082 650,978 123 Due from other funds Due from other governmental units 161,000 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 1,515,199 $ 420,606 $ 208,318 $ 2,141,819 $ 2,687,994 $ $ $ 11,205 LIABILITIES Accounts payable $ 119,025 $ Employee compensation payable $ 9,873 $ 12,598 9,630 Accrued liabilities Due to other funds 23,977 Interest payable Special assessment debt with governmental commitment Unearned revenue 2,687,995 Deposits held for other parties Contract retention payable 36,575 128,898 Total liabilities 9,630 2,687,995 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental 72,000 Deferred inflows - leases 72,000 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 1,386,301 208,318 2,132,189 11,205 208,318 2,132,189 (72,001) 2,141,819 $ 2,687,994 Committed 384,031 Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ (72,001) 1,386,301 384,031 1,515,199 $ 420,606 $ 208,318 128 $ 11,205 $ 11,205 SPECIAL REVENUE FUNDS Expedited Emergency Management $ Environmental Services $ 150 Child Support $ Flood Control $ 340 17,911,138 367,648 29,565,469 34,021 50,526 1,821,401 Flood Human Inmate Control Grants Services Grants Health Services $ $ $ 52,425,134 937,768 1,690 958,043 4,525 16,593,584 635,387 22,202 813 $ 958,043 $ 22,935 $ $ 15,460 17,945,309 $ 57,676 $ 418,174 $ 32,023,410 $ 4,525 $ 69,018,718 $ 1,588,407 $ 4,524 $ 13,457,702 242,392 205,506 $ $ 961,660 90,937 276,419 669 326,893 608,215 1,050 973,503 300,068 55,278,913 1,795,632 4,524 69,013,034 4,524 8,795,598 4,524 8,795,598 90,937 813,903 958,044 322,492 958,044 1,136,395 635,387 418,174 28,455,996 418,174 29,091,383 870,723 17,645,241 (973,504) (973,504) $ 958,043 17,645,241 $ 17,945,309 $ 418,174 $ 32,023,410 $ (4,523) (8,789,914) (4,523) (8,789,914) 4,525 $ 69,018,718 870,723 $ 961,660 (continued on next page) 129 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2022 SPECIAL REVENUE FUNDS Inmate Services ASSETS Cash in bank and on hand $ 20,615 Justice Justice Courts Courts Courts Justice Juvenile Judicial Enhancement Photo Enforcement Special Revenue Reinvestment Fund Probation Diversion $ $ Justice $ $ $ Cash and investments held by County Treasurer Receivables 15,553,167 4,603,974 28,440 67,211 8,226 1,286,541 1,997,325 132,917 540,992 1,572,489 9,529 Due from other funds Due from other governmental units Inventories 424,492 Miscellaneous 1,203,287 Cash and investments held by trustee – restricted Total assets $ 17,230,001 $ 4,671,185 $ $ $ $ 8,226 $ 1,827,533 $ 3,569,814 $ 26,577 $ $ 142,446 LIABILITIES Accounts payable Employee compensation payable 633,825 35,193 $ 90,038 Accrued liabilities Due to other funds 104,789 Interest payable Special assessment debt with governmental commitment Unearned revenue Deposits held for other parties Contract retention payable Total liabilities 723,863 35,193 131,366 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Deferred inflows - leases Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 424,492 16,081,646 4,635,992 8,226 1,696,167 3,569,814 142,446 16,506,138 4,635,992 8,226 1,696,167 3,569,814 142,446 $ 17,230,001 $ 4,671,185 8,226 $ 1,827,533 Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances 130 $ $ 3,569,814 $ 142,446 SPECIAL REVENUE FUNDS $ Juvenile Lake Juvenile Probation Pleasant Law Probation Grants Special Fee Recreation Services Library Fees 24,528 $ 1,074,173 Juvenile Restitution $ 1,095,354 $ 159,650 169,046 1,610 $ Library District 2,000 $ 2,130 3,207,406 1,552,483 21,105,958 1,010,521 122,112 2,004,229 25,976 $ 1,124,677 $ $ 57,417 $ 1,264,400 $ 159,650 $ $ 4,219,537 $ 1,676,595 $ 107,009 $ $ 23,112,317 37,534 $1,306,217 23,105 7,113 192,978 130,114 44,647 1,499,195 56,200 690,361 803,978 314,089 998,045 998,045 $ 320,699 1,264,400 159,650 320,699 1,264,400 159,650 1,124,677 $ 1,264,400 $ 159,650 314,089 3,091,378 3,091,378 $ 4,219,537 $ 1,631,948 21,299,033 1,631,948 21,299,033 1,676,595 $ 23,112,317 (continued on next page) 131 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2022 SPECIAL REVENUE FUNDS Library Medical Officer District Grants Examiner Grants Safety Equipment Parks and Palo Verde Recreation Grants Parks Donations ASSETS Cash in bank and on hand $ $ $ $ $ $ Cash and investments held by County Treasurer 319,637 51,858 Receivables 78,976 1,008,543 1,846 1,888 35 522,694 941 Due from other funds Due from other governmental units 20,500 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 319,637 $ 51,858 $ 80,822 $ 1,010,431 $ 20,535 $ 523,635 $ $ 20,500 $ 1,820 LIABILITIES Accounts payable $ $ $ Employee compensation payable 6,094 Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue 319,637 51,858 319,637 51,858 35 Deposits held for other parties Contract retention payable Total liabilities 6,094 20,535 1,820 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental 20,500 Deferred inflows - leases 20,500 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 80,822 1,004,337 80,822 1,004,337 80,822 $ 1,010,431 521,815 Committed (20,500) Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 319,637 $ 51,858 132 $ (20,500) $ 20,535 521,815 $ 523,635 SPECIAL REVENUE FUNDS Parks Enhancements $ 450 Parks Souvenir $ 3,057,438 Planning Public and Developmen t Fees Defender Public Public Public Fill The Gap Defender Grants Defender Training Health Fees $ 32,079 1,280,381 300 Probate Fees $ $ $ 38,586,785 203,793 770,281 70,270 34,409 1,448 $ 8,962,060 $ 8,100 233,062 9,741,482 49,015 759,216 860,185 $ 4,338,269 $ 32,079 $ 38,657,355 $ $ 249,394 $ 1,331 $ $ 55,594 2,079 758,869 238,202 $ 771,729 $ 3,518 137,661 $ 8,962,060 $ 282,077 $ 11,368,983 $ $ 26,258 $ 22,531 11,814 670,033 312,002 2,723 51,998 8,939,528 110,589 304,988 3,410 1,677,152 15,332 8,962,059 28,981 364,000 238,202 756,397 1 253,096 10,144,798 238,202 756,397 1 253,096 11,004,983 771,729 $ 8,962,060 282,077 $ 11,368,983 1,228,798 1,228,798 860,185 2,804,483 28,669 36,980,203 2,804,483 $ 4,338,269 $ 28,669 36,980,203 32,079 $ 38,657,355 $ 238,202 $ $ (continued on next page) 133 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2022 SPECIAL REVENUE FUNDS Public Health Grants Recorders Surcharge School Communication School Grants School Transportation Sheriff Donations ASSETS Cash in bank and on hand $ $ $ $ $ $ Cash and investments held by County Treasurer Receivables 4,236,332 1,087,761 8,248 862,305 1,141,680 2,567,604 478,244 4,623 Due from other funds Due from other governmental units 37,941,795 Inventories 202,006 803,473 Miscellaneous Cash and investments held by trustee – restricted Total assets $ 38,745,268 $ $ $ 4,244,580 $ 1,950,066 $ 1,343,686 $ 2,572,227 452,389 $ 14,577 $ 181,849 $ 2,048,280 30,191 7,524 $ 478,244 LIABILITIES Accounts payable Employee compensation payable 4,260,205 395,007 $ 36,206 Accrued liabilities Due to other funds 26,400,516 Interest payable Special assessment debt with governmental commitment Unearned revenue 4,740,859 1,177,168 Deposits held for other parties Contract retention payable Total liabilities 482,580 35,796,587 22,101 1,395,223 2,048,280 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental 26,969,641 202,006 26,969,641 202,006 Deferred inflows - leases Total deferred inflows of resources FUND BALANCES Nonspendable 803,473 Restricted 3,762,000 1,927,965 3,762,000 1,927,965 523,947 478,244 Committed Unassigned (24,824,433) Total fund balances (24,020,960) Total liabilities, deferred inflows of resources, and fund balances $ 38,745,268 (253,543) $ 4,244,580 134 $ 1,950,066 523,947 (253,543) $ 1,343,686 $ 2,572,227 478,244 $ 478,244 SPECIAL REVENUE FUNDS Sheriff Sheriff Sheriff Grants $ 34,228 Jail Enhancements $ 5,072,429 Sheriff Rico $ 60,000 $ 3,375,637 Spousal Spur Towing Small Maintenance Cross Street And Impound School Service Enforcement Enhancement Ranch Conservation Light 233 $ 18,652 $ 222,679 91,060 $ 200 201,049 638,512 9,994 1,164 District $ 3,716,446 649,051 65,067 $ 5,755,708 $ 3,466,697 $ 114,095 $ 200,104 $ 125,067 $ $ $ 1,684 46,559 18,885 $ 24 $ 222,679 $ 211,043 $ $ $ 639,876 $ 3,716,446 1,757 $ 288,981 232 1,433 2,397 4,154 288,981 63,383 5,607,389 1,745 5,768,043 201,849 65,067 256 1,433 3,264,848 60,000 18,629 221,246 211,043 635,722 3,427,465 3,264,848 60,000 18,629 221,246 211,043 635,722 3,427,465 3,466,697 $ 125,067 145,997 145,997 (158,332) (158,332) $ 5,755,708 $ $ 18,885 $ 222,679 $ 211,043 $ 639,876 (continued on next page) 135 $ 3,716,446 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2022 SPECIAL REVENUE FUNDS Superior Superior Superior Superior Court Superior Court Court Court Building Fill The Gap Court Grants Judicial Enhancement Special Revenue Taxpayer Information ASSETS Cash in bank and on hand $ $ 27,442 $ 11,771 $ $ $ Cash and investments held by County Treasurer 240,254 5,852 811,222 Receivables 896,991 3,388,743 42,209 442,153 345,867 Due from other funds Due from other governmental units 204,281 Inventories Miscellaneous Cash and investments held by trustee – restricted Total assets $ 240,254 $ 33,294 $ 1,027,274 $ 939,200 $ 3,830,896 $ 21,392 $ 41,595 $ 304 $ 345,867 LIABILITIES Accounts payable $ 211,838 $ Employee compensation payable 48,944 $ 48,330 Accrued liabilities Due to other funds Interest payable Special assessment debt with governmental commitment Unearned revenue 994,120 Deposits held for other parties Contract retention payable 48,944 211,838 Total liabilities 1,063,842 41,595 304 897,605 3,830,592 345,867 897,605 3,830,592 345,867 3,830,896 $ 345,867 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental 17,619 Deferred inflows - leases 17,619 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 28,416 Committed (15,650) Unassigned 28,416 Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 240,254 (54,187) (15,650) $ 33,294 136 (54,187) $ 1,027,274 $ 939,200 $ SPECIAL REVENUE FUNDS Victim Victim Victim Transportation Grants Transportation Operations Compensation Interest Compensation Restitution Victim Location $ $ $ $ 359,187 453,108 $ 63,777,939 904,704 513,283 337,037 1,623 920 Waste Waste Management $ Tire Total $ 32,883 $ 707,043 519,211 1,526,063 362,043,112 65,935 2,825 13,982,084 1,406,458 90,108,586 24,586,197 1,097,285 6,939,060 1,290,556 813 $ 812,295 $ 89,798,458 $ 906,327 $ 514,203 $ $ 37,000 $ 12,302,732 $ 495 $ 85,573 $ 32,883 $ 585,146 $ 2,935,346 $ 475,071,254 $ $ 287,105 $ 44,029,437 462,775 2,200 2,941,302 1,798 29,629,920 775,295 84,565,431 3,194,144 5,912,131 1,745 15,959,65 812,295 495 85,573 289,305 167,081,764 1,127,992 433,618 433,618 125,505 40,599,782 2,674,840 125,505 44,402,614 1,097,285 6,939,060 72,616,017 905,832 428,630 32,883 585,146 2,646,041 240,906,087 54,625,444 (38,883,715) (433,618) (433,618) $ 812,295 73,713,302 $ 89,798,458 905,832 $ 906,327 428,630 $ 514,203 32,883 $ 32,883 $ 585,146 2,646,041 585,146 $ 2,935,346 (continued on next page) 137 263,586,876 $ 475,071,254 Maricopa County Combining Balance Sheet Nonmajor Governmental Funds (Continued) June 30, 2022 CAPITAL PROJECTS FUNDS Detention Flood Library Detention Technology Control District Sheriff Mash Capital Projects Capital Projects Capital Projects Capital Improvement Capital Donations ASSETS Cash in bank and on hand $ $ $ $ $ Cash and investments held by County Treasurer 101,874,807 153,795 115,549,516 10,061,023 Receivables 277,304 18,117 Due from other funds Due from other governmental units Inventories Miscellaneous 138,597 Cash and investments held by trustee – restricted Total assets $ 101,874,807 $ $ $ 153,795 $ 115,688,113 $ 5,586,352 $ 10,079,140 $ $ $ 277,304 LIABILITIES Accounts payable 60,476 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 17,241 641,412 77,717 6,227,764 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax Unavailable revenue – intergovernmental Deferred inflows - leases Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 101,797,090 153,795 109,460,349 10,079,140 277,304 101,797,090 153,795 109,460,349 10,079,140 277,304 115,688,113 $ 10,079,140 Committed Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances $ 101,874,807 $ 153,795 138 $ $ 277,304 CAPITAL PROJECTS FUNDS Total Special Technology Transportation Improvement Districts Capital Improvement Capital Projects Nonmajor Governmental Funds Total ASSETS Cash in bank and on hand $ $ $ $ $ 707,043 Cash and investments held by County Treasurer 1,200,399 103,651,445 Receivables 50,894,598 383,662,887 745,705,999 8,399 26,516 14,008,600 Due from other funds Due from other governmental units 90,108,586 Inventories 6,939,060 Miscellaneous 138,597 1,429,153 Cash and investments held by 813 trustee – restricted Total assets $ 1,200,399 $ 103,651,445 $ 50,902,997 $ 383,828,000 $ 858,899,254 $ $ 811,222 $ 14,475,261 $ $ 64,992,365 LIABILITIES Accounts payable 29,617 Employee compensation payable Accrued liabilities 13,754 20,962,928 13,754 450 2,955,056 450 2,248 Due to other funds 29,629,920 Interest payable Special assessment debt with governmental commitment Unearned revenue 84,565,431 Deposits held for other parties 10,388 146,577 3,283,001 146,577 3,952,042 6,058,708 3,953,787 835,364 17,904,839 25,075,751 192,157,515 Contract retention payable Total liabilities 30,067 DEFERRED INFLOWS OF RESOURCES Unavailable revenue – property tax 1,127,992 Unavailable revenue – intergovernmental 40,599,782 2,674,840 Deferred inflows - leases 44,402,614 Total deferred inflows of resources FUND BALANCES Nonspendable Restricted 6,939,060 1,170,332 32,998,158 Committed 102,816,081 255,936,168 496,842,255 102,816,081 157,441,525 (38,883,715) 358,752,249 622,339,125 Unassigned Total fund balances Total liabilities, deferred inflows of resources, and fund balances 1,170,332 $ 1,200,399 102,816,081 $ 103,651,445 139 32,998,158 $ 50,902,997 $ 383,828,000 $ 858,899,254 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds Year Ended June 30, 2022 SPECIAL REVENUE FUNDS Adult Probation Fees Accommodation Schools Adult Probation Grants Air Quality Fees Air Quality Grants REVENUES Taxes $ $ $ $ Licenses and permits $ 13,755,828 Intergovernmental 7,306,710 2,227,530 Charges for services 7,064,176 Fines and forfeits 2,175,270 3,572,501 1,597 791,525 219,004 Special assessment Interest income (1,255) (87,540) 896 (362,089) 375,193 7,305,455 9,151,906 2,230,023 14,779,461 3,572,501 9,132,810 2,228,958 13,109,817 4,003,912 Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education 7,722,185 Debt service: Principal 100,972 Interest 8,843 92,045 81,407 Capital outlay Total expenditures 7,722,185 9,132,810 2,228,958 13,311,677 4,085,319 (416,730) 19,096 1,065 1,467,784 (512,818) (416,730) 19,096 1,065 1,467,784 (512,818) (154,570) 3,239,002 (44,091) 10,775,744 (36,127) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Financed purchase agreements Lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2021 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2022 $ (571,300) $ 3,258,098 140 $ (43,026) $ 12,243,528 $ (548,945) SPECIAL REVENUE FUNDS Animal Care Donations $ Animal Control License/ Shelter Animal Control Grants $ $ Cactus League Operations Ballpark Operations $ 7,144,829 $ 6,558,390 CDBG Housing Trust $ Check Enforcement $ 250,000 161,384 6,031,352 5,104,105 2,162 396 343,520 25,384 (1,840) 112,412 (42,384) 11 (139,228) 2,420 1,053 207,627 6,419,162 6,033,772 26,437 53,849 6,558,390 343,916 161,384 12,361,668 382,205 119,034 17,045,244 7,709,741 42,350 83,600 161,384 17,128,844 53,849 6,558,390 7,709,741 (38,289) (4,767,176) 153,778 (139,228) (1,675,969) 26,437 35,351 4,614,498 382,205 (35,351) 35,351 4,579,147 (2,938) (188,029) 153,778 (139,228) (1,675,969) 26,437 519,583 1,438,454 5,298,525 (285,836) 31,847 30,139 $ (2,938) $ $ 361,693 $ 1,592,232 $ 5,159,297 $ (1,961,805) $ 58,284 (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, 2022 SPECIAL REVENUE FUNDS Child Support Enhancement Children’s Issues Education Clerk of Court Fill the Gap Clerk of the Court Judicial Enhancement Clerk of the Court Grants REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 1,103,276 Charges for services 63,382 109 1,818,927 807,779 (37,406) 73 (1,651) (81,027) 25,976 182 1,817,276 1,103,276 726,752 1,817,276 1,122,427 645,464 1,817,276 1,122,427 645,464 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 25,976 182 (19,151) 81,288 25,976 182 (19,151) 81,288 1,351,744 8,841 (68,355) 2,920,308 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Financed purchase agreements Lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2021 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2022 $ 1,377,720 $ 9,023 142 $ $ (87,506) $ 3,001,596 SPECIAL REVENUE FUNDS Clerk of The Court SRF $ Conciliation Court Fees $ Coronavirus Relief Fund $ Correctional Health Grants $ County Attorney Fill the Gap $ County Attorney Grants $ County Attorney RICO $ 5,560,454 3,104,961 1,727,235 1,479,637 1,395,149 1,367,983 (129,078) 50,430 (46,387) 3,026,313 1,680,848 3,273,486 1,658,520 64,584 4,831 63,764 6,000 4,027,563 1,544,221 4,027,563 1,613,002 4,027,563 4,027,563 1,399,980 5,560,454 1,437,747 1,303,386 5,918,253 191,523 1,303,386 5,918,253 365,466 173,943 94,054 3,367,540 1,658,520 1,613,002 (341,227) 22,328 (68,781) 96,594 (357,799) 1,072,281 (341,227) 22,328 (68,781) 96,594 (357,799) 1,072,281 5,236,712 1,821,133 5,010,659 295,606 (94,222) 5,640,345 (1,887,859) $ 4,895,485 $ 1,843,461 $ 3,054,019 $ $ 392,200 $ (452,021) $ 6,712,626 (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, 2022 SPECIAL REVENUE FUNDS Court Document Retrieval Domestic Relations Mediation Criminal Justice Enhancement Educational Supplemental Program Education Elections Grants REVENUES Taxes $ $ $ $ $ Licenses and permits Intergovernmental 781,254 Charges for services 1,127,492 2,056,500 86,809 158,955 Fines and forfeits Special assessment Interest income (38,876) (877) 1,390 (40,032) 24,599 1,088,616 780,377 160,345 2,016,468 111,408 1,759,676 595,227 129,024 Miscellaneous Total revenues EXPENDITURES Current: General government 101,496 Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education 748,629 Debt service: Principal Interest 81,913 Capital outlay Total expenditures 1,759,676 595,227 129,024 748,629 183,409 (671,060) 185,150 31,321 1,267,839 (72,001) (671,060) 185,150 31,321 1,267,839 (72,001) 2,057,361 198,881 176,997 864,350 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Financed purchase agreements Lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2021 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2022 $ 1,386,301 $ 384,031 144 $ 208,318 $ 2,132,189 $ (72,001) SPECIAL REVENUE FUNDS Emancipation Administration $ Environmental Services Environmental Health Emergency Management $ $ Expedited Child Support $ $ 17,349,812 7,005,635 567,442 83 859,257 $ 60,394 134,273,703 14,659 120,783 91,000 (527,710) 38,825 2,775 (4,031,674) 2,486,522 23,987,345 570,217 79,726,351 60,394 506,786 32,731,317 55,814 1,389,241 186,689 134,460,392 22,359,940 137,132,483 84,653 355,288 9,848 208 1,231 $ 346,530 241,613 1,231 79,972,938 Human Services Grants 846,376 617,644 1,148 Flood Control Grants Flood Control 283,468 8,803,451 2,302,841 1,389,241 22,454,649 506,786 35,034,158 55,814 146,574,690 (529,984) 1,532,696 63,431 44,692,193 4,580 (12,114,298) 24,530 846,165 (44,831,406) 8,727,303 24,530 (44,831,406) 9,573,468 1,231 (529,984) 1,557,226 63,431 (139,213) 4,580 (2,540,830) 9,974 (443,520) 16,088,015 354,743 29,176,723 (9,103) (6,249,084) 53,873 $ 11,205 $ (973,504) $ 17,645,241 $ 418,174 $ 29,091,383 $ (4,523) $ (8,789,914) (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, 2022 SPECIAL REVENUE FUNDS Inmate Health Services Justice Courts Judicial Enhancement Inmate Services Justice Courts Photo Enforcement Justice Courts Special Revenue Justice Reinvestment Fund REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental 25,727 Charges for services 308,271 12,886,890 2,848,620 5,528,537 Fines and forfeits 615,033 Special assessment Interest income (25,405) (441,088) (127,188) (31,718) (58,410) 282,866 12,445,802 487,845 5,522,546 2,790,210 224,115 10,404,935 92,228 6,730,818 288,969 10,404,935 92,228 6,730,818 (6,103) 2,040,867 395,617 (1,208,272) 2,790,210 (6,103) 2,040,867 395,617 (1,208,272) 2,790,210 876,826 14,338,668 4,240,375 8,226 2,904,439 779,604 8,226 $ 1,696,167 Miscellaneous Total revenues EXPENDITURES Current: General government Public safety Highways and streets Health, welfare and sanitation Culture and recreation Education Debt service: Principal Interest 64,854 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Financed purchase agreements Lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2021 Change in nonspendable resources: 126,603 Increase (decrease) in inventories Fund balances (deficit), June 30, 2022 $ 870,723 $ 16,506,138 146 $ 4,635,992 $ $ 3,569,814 SPECIAL REVENUE FUNDS Juvenile Probation $ Juvenile Probation Special Fee Juvenile Probation Grants $ $ Lake Pleasant Recreation Juvenile Restitution $ $ Law Library Library District $ $ 27,039,104 2,911,008 463,049 61,592 123,181 4,415,417 2,158,569 1,043 14,909 7,914 77,544 2,918,922 63,968 2,904,173 (30,371) 6,362,652 8 170,140 1,021 (93,423) 1,000 (43,156) (614,625) 62,568 1,912 4,322,994 1,342,024 33,482,888 891 2,251,379 1,385,172 1,811,232 964,022 3,421,380 29,104,301 43,064 13,341 407,639 119,655 63,968 2,904,173 1,811,232 13,576 14,749 440,147 1,912 3,541,035 964,022 29,568,345 781,959 378,002 3,914,543 25,000 (25,000) (350,000) (25,000) $ 25,000 (350,000) 13,576 (10,251) 440,147 26,912 781,959 28,002 3,914,543 128,870 330,950 824,253 132,738 2,309,419 1,603,946 17,384,490 1,631,948 $ 21,299,033 142,446 $ 320,699 $ 1,264,400 $ 159,650 $ 3,091,378 $ (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, 2022 SPECIAL REVENUE FUNDS Medical Examiner Non Departmental Grants Officer Safety Equipment $ $ Parks and Recreation Grants Palo Verde Parks Donations REVENUES Taxes $ $ $ $ Licenses and permits Intergovernmental 5,737 1,506,633 690,925 845 Charges for services Fines and forfeits 41,470 Special assessment Interest income 444 1,464 (29,176) 42,934 661,749 194,856 682,979 (14,323) 37,163 Miscellaneous 6,181 Total revenues 1,506,633 845 22,840 21,345 23,150 EXPENDITURES Current: General government 1,506,633 Public safety Highways and streets Health, welfare and sanitation 6,181 Culture and recreation Education Debt service: Principal Interest Capital outlay 6,181 Total expenditures 1,506,633 194,856 682,979 21,345 23,150 (151,922) (21,230) (20,500) (310) (151,922) (21,230) (20,500) (310) 232,744 1,025,567 Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in Transfers out Financed purchase agreements Lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2021 522,125 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2022 $ $ $ 148 80,822 $ 1,004,337 $ (20,500) $ 521,815 SPECIAL REVENUE FUNDS Parks Enhancement $ Parks Souvenir $ Planning and Development Fees $ Public Defender Fill the Gap Probate Fees $ $ Public Defender Grants Public Defender Training $ $ Public Health Fees $ 11,486,331 1,090,998 7,474,587 260,613 4 9,021,973 432,655 1,142,133 184,181 12,081,609 50,390 (84,904) 31,628 434 (1,090,129) 81,594 1,598 (21,911) 58,862 2,490 16,770 (271,721) 4,315 7,421,315 261,047 19,550,159 434,253 1,120,222 1,149,860 203,441 11,814,203 12,891,889 391,980 904,461 1,146,131 293,178 8,020,225 6,726,979 261,248 324,360 77,881 98,116 525,396 7,252,375 261,248 12,891,889 391,980 904,461 1,146,131 293,178 8,520,582 168,940 (201) 6,658,270 42,273 215,761 3,729 (89,737) 3,293,621 1,142 1,142 168,940 (201) 6,658,270 42,273 215,761 3,729 (89,737) 3,294,763 2,635,543 28,870 30,321,933 195,929 540,636 (3,728) 342,833 7,309,432 400,788 $ 2,804,483 $ 28,669 $ 36,980,203 $ 238,202 $ 756,397 $ 1 $ 253,096 $ 11,004,983 (continued on next page) 149 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2022 SPECIAL REVENUE FUNDS Public Health Grants Recorder’s Surcharge School Communication Expense School Grants School Transportation Sheriff Donations REVENUES Taxes $ $ $ $ $ $ Licenses and permits Intergovernmental 67,496,100 860,307 Charges for services 4,901,112 10,536,621 9,811 785,262 Fines and forfeits 12,099 Special assessment Interest income Miscellaneous Total revenues (128,664) (45,846) (84,460) 3,933 16,446 4,772,448 1,599,723 10,536,621 (74,649) 32,478 1,284,536 8,029,713 2,061,727 14,270 67,510,370 EXPENDITURES Current: General government 4,381,992 Public safety Highways and streets Health, welfare and sanitation 84,469,195 Culture and recreation Education Debt service: Principal 293,318 Interest 55,296 57,210 92,276 84,875,019 4,474,268 1,284,536 8,029,713 2,061,727 (17,364,649) 298,180 315,187 2,506,908 (2,136,376) Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures 32,478 OTHER FINANCING SOURCES (USES) Transfers in 2,048,020 Transfers out Financed purchase agreements Lease agreements 2,048,020 Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2021 (17,364,649) 298,180 315,187 2,506,908 (88,356) 32,478 (6,867,820) 3,463,820 1,612,778 (2,760,451) 612,303 445,766 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2022 211,509 $(24,020,960) $ 3,762,000 150 $ 1,927,965 $ (253,543) $ 523,947 $ 478,244 SPECIAL REVENUE FUNDS Sheriff Grants $ Sheriff Jail Enhancement $ 2,818,869 Sheriff Towing and Impound Sheriff RICO $ Small School Service $ $ 1,005,595 Spousal Maintenance Enforcement Enhancement Spur Cross Ranch Conservation $ $ Street Lighting District $ 109,657 121,233 347,036 185,705 4,467,376 17,166 (91,678) 2,836,035 913,917 185,705 1,972,549 541,326 178,860 3 84 51,671 2,002 1,728 (18,010) 34,694 51,755 111,659 122,961 329,026 4,502,070 4,989 101,292 5,052,397 282,616 109,277 32,393 514,286 $ 2,486,835 541,326 211,253 34,989 109,277 101,292 282,616 5,052,397 349,200 372,591 (25,548) 16,766 2,382 21,669 46,410 (550,327) 349,200 372,591 (25,548) 16,766 2,382 21,669 46,410 (550,327) (507,532) 2,892,257 85,548 1,863 218,864 189,374 589,312 3,977,792 635,722 $ 3,427,465 (158,332) $ 3,264,848 $ 60,000 $ 18,629 $ 221,246 $ 211,043 $ (continued on next page) 151 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2022 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 3,172,328 Charges for services 1,818,927 1,162,081 489,159 5,225,257 3,139 4,000 (24,503) (106,329) 13,971 4,341,548 464,656 5,132,899 143,910 Fines and forfeits Special assessment Interest income 3,653 Miscellaneous 3,653 Total revenues 1,818,927 143,910 EXPENDITURES Current: General government 3,945 Public safety 1,350,542 1,875,402 4,322,801 425,536 4,809,523 1,350,542 1,875,402 4,322,801 425,536 4,809,523 3,945 (1,346,889) (56,475) 18,747 39,120 323,376 139,965 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 350,000 Transfers out Financed purchase agreements Lease agreements Total other financing sources (uses) 350,000 Net change in fund balances (996,889) (56,475) 18,747 39,120 323,376 139,965 1,025,305 40,825 (72,934) 858,485 3,507,216 205,902 Fund balances (deficit), July 1, 2021 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2022 $ 28,416 $ (15,650) $ 152 (54,187) $ 897,605 $ 3,830,592 $ 345,867 SPECIAL REVENUE FUNDS Transportation Grants Transportation Operations Victim Compensation Interest Victim Compensation Restitution $ $ $ $ Victim Victim Location $ Waste Management $ Waste Tire $ $ 113,570,432 4,738,861 2,806,005 Totals 55,572,037 146,738,235 6,116,048 415,583,340 159,972 584,407 109,699,164 187,807 7,422,811 4,467,376 2,806,005 (3,129,137) 602,585 (13,861) 6,336 (11,311) 326 3,818 (12,352) 70,264 (36,230) (11,749,943) 8,471,183 149,110,516 (7,525) 176,822 3,818 57,912 6,664,225 703,036,400 4,455 713,958 5,994,066 2,526,948 125,543,783 82,721,012 85,247,960 25,000 6,619,998 306,643,540 46,453,258 19,956,067 1,201,655 448,677 19,470,565 5,802,928 2,526,948 88,523,940 4,455 713,958 279,057 60,586,576 (11,980) (537,136) 3,818 25,000 6,619,998 610,959,571 32,912 44,227 92,076,829 7,944,706 (56,959,974) (102,201,731) 8,727,303 (56,959,974) (85,529,722) 279,057 3,626,602 (11,980) (537,136) 3,818 32,912 44,227 6,547,107 (712,675) 69,857,418 917,812 965,766 29,065 552,234 2,601,814 257,875,434 229,282 $ (433,618) $ 73,713,302 (835,665) $ 905,832 $ 428,630 $ 32,883 $ 585,146 $ 2,646,041 $ 263,586,876 (continued on next page) 153 Maricopa County Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds (Continued) Year Ended June 30, 2022 CAPITAL PROJECTS FUNDS Detention Capital Projects Detention Technology Capital Improvement Flood Control Capital Projects Intergovernmental Capital Projects Library District Capital Improvement $ $ Sheriff Mash Capital Donation REVENUES Taxes $ $ $ $ Licenses and permits Intergovernmental 1,296,622 Charges for services Fines and forfeits Special assessment Interest income (273,895) 2,157 (273,895) 2,157 (273,895) 2,157 Miscellaneous 1,296,622 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 736,836 29,461,237 736,836 29,461,237 (736,836) (28,164,615) Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Transfers in 42,086,333 Transfers out (2,132,989) (637,682) 44,831,406 Total other financing sources (uses) 39,953,344 (637,682) 44,831,406 Net change in fund balances 39,216,508 (637,682) 16,666,791 (273,895) 2,157 62,580,582 791,477 92,793,558 10,353,035 275,147 153,795 $109,460,349 Financed purchase agreements Lease agreements Fund balances (deficit), July 1, 2021 Change in nonspendable resources: Increase (decrease) in inventories Fund balances (deficit), June 30, 2022 $101,797,090 $ 154 $ $ 10,079,140 $ 277,304 CAPITAL PROJECTS FUNDS Special Improvement Districts Technology Capital Improvement Transportation Capital Projects Total Total Nonmajor Governmental Funds REVENUES Taxes $ 133,906 $ $ $ 133,906 $ 113,704,338 Licenses and permits 55,572,037 Intergovernmental 13,750,347 15,046,969 430,630,309 Charges for services 5,766,295 5,766,295 115,465,459 Fines and forfeits 7,422,811 Special assessment Interest income Miscellaneous Total revenues 4,467,376 8,801 134,954 277,661 769,616 (262,937) 904,570 (12,012,880) 9,375,753 20,286,258 21,588,803 724,625,203 EXPENDITURES Current: General government 5,994,066 Public safety 125,543,783 Highways and streets 85,247,960 Health, welfare and sanitation 306,643,540 Culture and recreation 46,453,258 Education 19,956,067 Debt service: Principal 1,201,655 Interest 159,952 13,657,518 99,101,535 143,117,078 448,677 162,587,643 159,952 13,657,518 99,101,535 143,117,078 754,076,649 117,709 (13,657,518) (78,815,277) (121,528,275) (29,451,446) Transfers in 47,175,165 53,446,538 187,539,442 195,484,148 Transfers out (17,589,079) (20,359,750) (122,561,481) 4,031,710 4,031,710 4,031,710 Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Financed purchase agreements 33,617,796 53,446,538 171,211,402 8,727,303 85,681,680 117,709 19,960,278 (25,368,739) 49,683,127 56,230,234 1,052,623 82,855,803 58,366,897 309,069,122 566,944,556 Lease agreements Total other financing sources (uses) Net change in fund balances Fund balances (deficit), July 1, 2021 Change in nonspendable resources: (835,665) Increase (decrease) in inventories Fund balances (deficit), June 30, 2022 $1,170,332 $102,816,081 155 $ 32,998,158 $ 358,752,249 $ 622,339,125 156 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 7,606,365 $ 7,606,368 $ 7,064,176 $ (542,192) Fines and forfeits 1,800,000 1,800,000 2,175,270 375,270 Interest income 20,000 9,426,365 19,997 9,426,365 (87,540) 9,151,906 (107,537) (274,459) 9,826,365 9,826,365 9,132,810 693,555 400,000 10,226,365 400,000 10,226,365 9,132,810 400,000 1,093,555 (800,000) (800,000) 19,096 819,096 Total revenues EXPENDITURES Current: Public safety Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ (800,000) (800,000) 19,096 819,096 2,508,572 1,708,572 2,508,572 1,708,572 3,239,002 3,258,098 730,430 1,549,526 157 $ $ $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 2,000 $ $ Interest income Intergovernmental Total revenues 1,597 $ 1,597 896 896 2,705,053 2,707,053 2,972,917 2,972,917 2,227,530 2,230,023 (745,387) (742,894) 2,707,053 2,707,053 2,972,917 2,972,917 2,228,958 2,228,958 743,959 743,959 1,065 1,065 EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 (69,902) (69,902) $ 158 $ (69,902) (69,902) $ 1,065 1,065 (44,091) (43,026) 25,811 26,876 $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 501,200 Fines & forfeit $ 251,600 Interest income License & permits Miscellaneous Total revenues 501,208 $ 251,608 791,525 $ 219,004 290,317 (32,604) 50,800 50,796 (362,089) (412,885) 11,450,300 51,200 11,450,296 51,192 13,755,828 375,193 2,305,532 324,001 12,305,100 12,305,100 14,779,461 2,474,361 15,996,276 15,996,268 13,109,817 2,886,451 100,972 (100,972) EXPENDITURES Current: Health welfare and sanitation Debt service Debt service interest 280,000 280,008 8,843 92,045 (8,843) 187,963 Total expenditures 16,276,276 16,276,276 13,311,677 2,964,599 Excess (deficiency) of revenues over expenditures (3,971,176) (3,971,176) 1,467,784 5,438,960 Net change in fund balances (3,971,176) (3,971,176) 1,467,784 5,438,960 Capital outlay Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 8,182,763 4,211,587 159 $ 8,182,763 4,211,587 $ 10,775,744 12,243,528 $ 2,592,981 8,031,941 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues $ $ $ 5,515,539 5,515,539 3,572,501 (1,943,038) 5,515,539 5,515,539 3,572,501 (1,943,038) 5,403,539 112,000 5,403,531 112,008 4,003,912 81,407 1,399,619 30,601 5,515,539 5,515,539 4,085,319 1,430,220 (512,818) (512,818) (512,818) (512,818) EXPENDITURES Current: Health Welfare Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 $ (382,007) (382,007) 160 $ (382,007) (382,007) $ (36,127) (548,945) $ 345,880 (166,938) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Animal Care Donations Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ Miscellaneous Total revenues 453,610 $ 396 343,520 $ 396 (110,090) 453,610 343,916 (109,694) EXPENDITURES Current: 488,961 382,205 106,756 Total expenditures 488,961 382,205 106,756 Excess (deficiency) of revenues over expenditures (35,351) (38,289) (2,938) 35,351 35,351 35,351 35,351 Health welfare and sanitation OTHER FINANCING SOURCES Transfer in Total other financing sources Net change in fund balances (2,938) (2,938) Fund balance, July 1, 2021 Fund balance (deficit), June 30, 2022 $ $ 161 $ (2,938) $ (2,938) 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ $ Total revenues 195,000 195,000 $ 161,384 161,384 $ (33,616) (33,616) EXPENDITURES Current: Health welfare and sanitation 215,730 119,034 96,696 Total expenditures 215,730 42,350 161,384 (42,350) 54,346 Excess (deficiency) of revenues over expenditures (20,730) 20,730 Net change in fund balances (20,730) 20,730 Capital outlay Fund balance, July 1, 2021 Fund balance (deficit), June 30, 2022 18,045 18,045 $ 162 $ 18,045 (2,685) $ $ (18,045) 2,685 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 5,230,834 $ 5,230,834 $ 5,104,105 $ (126,729) Fines & forfeit 1,047 1,047 2,162 1,115 Interest income 2,611 2,611 (1,840) (4,451) License & permit 6,666,438 382,433 6,666,438 65,901 7,144,829 112,412 478,391 46,511 12,283,363 11,966,831 12,361,668 394,837 17,309,368 16,992,836 17,045,244 (52,408) Total expenditures 171,993 17,481,361 136,642 17,129,478 83,600 17,128,844 53,042 634 Deficiency of revenues under expenditures (5,197,998) (5,162,647) (4,767,176) 395,471 5,009,969 5,009,969 4,614,498 (395,471) Total other financing sources (uses) 5,009,969 (35,351) 4,974,618 (35,351) 4,579,147 (395,471) Net change in fund balances (188,029) (188,029) (188,029) 487,930 487,930 519,583 Miscellaneous Total revenues EXPENDITURES Current: Health welfare and sanitation Capital outlay OTHER FINANCING SOURCES (USES) Transfer in Transfers out Fund balance, July 1, 2021 31,653 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2022 $ 299,901 163 $ 299,901 $ 30,139 361,693 $ 30,139 61,792 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Ballpark Operations Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ License & permits $ $ (42,384) 250,000 250,000 250,000 250,000 11 207,627 11 (42,373) 250,000 250,000 250,000 250,000 53,849 53,849 196,151 196,151 153,778 153,778 Miscellaneous Total revenues (42,384) 250,000 EXPENDITURES Current: Culture and recreation Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 2,126,310 2,126,310 164 $ 2,126,310 2,126,310 $ 153,778 153,778 1,438,454 1,592,232 (687,856) (534,078) $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest Income $ Taxes $ $ (139,228) $ (139,228) 6,500,000 6,500,000 6,500,000 6,500,000 6,558,390 6,419,162 58,390 (80,838) Culture and recreation 11,800,000 11,800,000 6,558,390 5,241,610 Total expenditures 11,800,000 11,800,000 6,558,390 5,241,610 (5,300,000) (5,300,000) (139,228) 5,160,772 (5,300,000) (5,300,000) (139,228) 5,160,772 5,427,926 127,926 5,427,926 127,926 5,298,525 5,159,297 Total revenues EXPENDITURES Current: Deficiency of revenues under expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 165 $ $ $ (129,401) 5,031,371 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest Income $ Intergovernmental Total revenues $ $ 2,420 $ 2,420 6,675,783 6,675,783 9,157,815 9,157,815 6,031,352 6,033,772 (3,126,463) (3,124,043) 6,675,783 6,675,783 9,157,815 9,157,815 7,709,741 7,709,741 1,448,074 1,448,074 (1,675,969) (1,675,969) (1,675,969) (285,836) (1,961,805) (1,675,969) (281,440) (1,957,409) EXPENDITURES Current: Health Welfare Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances (4,396) (4,396) Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 $ 166 $ (4,396) (4,396) $ $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines & forfeit $ 25,000 Interest income Total revenues $ 25,500 1,500 26,500 1,000 26,500 30,717 30,717 30,717 30,717 (4,217) (4,217) $ 25,384 $ 1,053 26,437 (116) 53 (63) EXPENDITURES Current: Public Safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 167 30,717 30,717 26,437 30,654 30,654 (4,217) (4,217) 26,437 32,934 28,717 32,934 28,717 31,847 58,284 $ $ $ (1,087) 29,567 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 28,000 Interest Income $ 28,000 3,000 31,000 3,000 31,000 Total expenditures 500,000 500,000 500,000 500,000 Excess (deficiency) of revenues over expenditures (469,000) (469,000) Total revenues $ 63,382 $ (37,406) 25,976 35,382 (40,406) (5,024) EXPENDITURES Current: Public safety Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 500,000 500,000 25,976 494,976 494,976 (469,000) (469,000) 25,976 1,349,148 880,148 1,349,148 880,148 1,351,744 1,377,720 168 $ $ $ 2,596 497,572 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,901,405 1,818,926 1,818,927 1 (1,000) 1,900,405 $ (1,000) 1,817,926 (1,651) 1,817,279 (651) (650) 1,900,405 1,900,405 1,817,926 1,817,926 1,817,276 1,817,276 650 650 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 182,854 182,854 $ 169 $ 182,854 182,854 $ $ (182,854) (182,854) 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, 2022 Variance with Final BudgetBudgeted Amounts Actual Amounts Positive (Negative) Original Final 1,415,032 1,415,032 1,415,032 1,415,032 1,103,276 1,103,276 (311,756) (311,756) 1,415,032 1,415,032 1,415,032 1,415,032 1,122,427 1,122,427 292,605 292,605 (19,151) (19,151) (19,151) (19,151) REVENUES Intergovernmental Total revenues EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 $ (63,191) (63,191) 170 $ (63,191) (63,191) $ (68,355) (87,506) $ (5,164) (24,315) 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 738,750 $ 738,744 $ 807,779 $ 69,035 11,250 750,000 11,256 750,000 (81,027) 726,752 (92,283) (23,248) Total expenditures 1,750,000 1,750,000 1,640,000 1,640,000 645,464 645,464 994,536 994,536 Excess (deficiency) of revenues over expenditures (1,000,000) (890,000) 81,288 971,288 Net change in fund balances (1,000,000) (890,000) 81,288 971,288 2,831,781 1,831,781 2,831,781 1,941,781 2,920,308 3,001,596 Total revenues EXPENDITURES Current: Public safety Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 171 $ $ $ 88,527 1,059,815 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 2,797,447 Interest income $ 2,797,456 $ $ 307,505 15,991 (129,078) 50,430 (145,069) 50,430 2,813,447 2,813,447 3,026,313 212,866 5,613,447 40,000 5,653,447 3,273,486 94,054 2,379,961 (94,054) 5,653,447 5,653,447 3,367,540 2,285,907 (2,840,000) (2,840,000) (341,227) 2,498,773 (2,840,000) (2,840,000) (341,227) 2,498,773 Miscellaneous Total revenues 3,104,961 16,000 EXPENDITURES Current: Public safety Capital Outlay Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 5,289,642 2,449,642 172 $ 5,289,642 2,449,642 $ 5,236,712 4,895,485 $ (52,930) 2,445,843 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 1,581,972 1,390 $ 1,581,970 1,392 $ 1,727,235 (46,387) $ 145,265 (47,779) 1,583,362 1,583,362 1,680,848 97,486 1,817,882 1,817,882 1,658,520 159,362 Total expenditures 1,817,882 1,817,882 1,658,520 159,362 Excess (deficiency) of revenues over expenditures (234,520) (234,520) 22,328 256,848 Total revenues EXPENDITURES Current: Public safety Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 173 (234,520) (234,520) 22,328 256,848 1,525,994 1,291,474 1,525,994 1,291,474 1,821,133 1,843,461 295,139 551,987 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Coronavirus Relief Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ $ $ Interest income 1,479,637 $ 1,479,637 64,584 1,544,221 64,584 1,544,221 1,826,167 1,826,167 1,613,002 1,613,002 213,165 213,165 (1,826,167) (68,781) 1,757,386 Total revenues EXPENDITURES Current: Health welfare and sanitation Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 6,208,132 (1,826,167) (68,781) 1,757,386 6,208,132 5,010,659 (1,197,473) Change in nonspendable resources: Decrease in inventories Fund balance, June 30, 2022 $ 6,208,132 174 $ 4,381,965 $ (1,887,859) 3,054,019 $ (1,887,859) (1,327,946) 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ Total revenues 7,200,000 7,200,000 $ 7,200,000 7,200,000 $ 4,027,563 4,027,563 $ (3,172,437) (3,172,437) EXPENDITURES Current: Health welfare and sanitation 7,200,000 7,200,000 Total expenditures 7,200,000 7,200,000 4,027,563 4,027,563 3,172,437 3,172,437 Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2021 Fund balance (deficit), June 30, 2022 $ 175 (482) (482) $ (482) (482) $ $ 482 482 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 1,450,627 $ 1,449,034 $ 1,395,149 $ (53,885) 2,807 1,453,434 4,400 1,453,434 4,831 1,399,980 431 (53,454) Total expenditures 1,613,434 1,613,434 1,613,434 1,613,434 1,303,386 1,303,386 310,048 310,048 Excess (deficiency) of revenues over expenditures (160,000) (160,000) 96,594 256,594 Net change in fund balances (160,000) (160,000) 96,594 256,594 332,717 172,717 332,717 172,717 295,606 392,200 Total revenues EXPENDITURES Current: Public safety Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 176 $ $ $ (37,111) 219,483 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Total revenues 6,432,690 6,432,690 $ 6,466,759 6,466,759 $ 5,560,454 5,560,454 $ (906,305) (906,305) EXPENDITURES Current: Public safety 6,432,690 6,432,690 Total expenditures 6,466,759 6,466,759 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 (275,855) (275,855) $ 177 $ (275,855) (275,855) $ 5,918,253 5,918,253 548,506 548,506 (357,799) (357,799) (357,799) (357,799) (94,222) (452,021) $ 181,633 (176,166) 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines & forfeit $ 1,500,000 $1,563,400 $ 1,367,983 $ (195,417) Interest income 125,000 60,000 63,764 3,764 Miscellaneous 2,000 1,627,000 3,600 1,627,000 6,000 1,437,747 2,400 (189,253) Public safety 1,077,000 1,077,000 191,523 885,477 Capital outlay 550,000 1,627,000 550,000 1,627,000 173,943 365,466 376,057 1,261,534 1,072,281 1,072,281 Total revenues EXPENDITURES Current: Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 4,565,514 4,565,514 178 $ 4,565,514 4,565,514 $ 1,072,281 1,072,281 5,640,345 6,712,626 1,074,831 2,147,112 $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 1,050,000 $ 3,207 1,053,207 Total revenues 1,050,001 $ 3,206 1,053,207 1,127,492 $ (38,876) 1,088,616 77,491 (42,082) 35,409 EXPENDITURES Current: Public safety $ Total expenditures $ (700,000) Deficiency of revenues under expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 1,753,207 1,753,207 $ 1,863,207 1,863,207 $ (810,000) 1,759,676 1,759,676 138,940 138,940 (700,000) (810,000) (671,060) 2,101,853 1,291,853 2,057,361 1,386,301 179 $ 103,531 103,531 (671,060) 2,101,853 1,401,853 $ $ $ (44,492) 94,448 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues (5,000) 973,176 $ (2,600) 970,776 $ (877) 781,254 $ 1,723 (189,522) 968,176 968,176 780,377 (187,799) 968,176 968,176 595,227 372,949 968,176 968,176 595,227 372,949 185,150 185,150 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 72,841 72,841 $ 180 $ 72,841 72,841 $ 185,150 185,150 198,881 384,031 126,040 311,190 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Domestic Relations Mediation Education– Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 192,996 554 Interest income Total revenues $ 192,998 552 $ 158,955 1,390 $ (34,043) 838 193,550 193,550 160,345 (33,205) 193,550 193,550 129,024 64,526 193,550 193,550 129,024 64,526 31,321 31,321 31,321 31,321 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 168,388 168,388 $ 181 $ 168,388 168,388 $ 176,997 208,318 $ 8,609 39,930 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Educational Supplemental Program – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 1 Intergovernmental $ $ (40,032) $ (40,032) 495,593 495,594 495,594 495,594 2,056,500 2,016,468 1,560,906 1,520,874 Total expenditures 788,907 788,907 788,907 788,907 748,629 748,629 40,278 40,278 Excess (deficiency) of revenues over expenditures (293,313) (293,313) 1,267,839 1,561,152 Net change in fund balances (293,313) (293,313) 1,267,839 1,561,152 Fund balance (deficit), July 1, 2021 303,532 10,219 303,532 10,219 864,350 2,132,189 Total revenues EXPENDITURES Current: Education Fund balance, June 30, 2022 $ 182 $ $ $ 560,818 2,121,970 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Elections Grants Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues 2,706,841 $ 2,927,841 $ 24,599 86,809 $ 24,599 (2,841,032) 2,706,841 2,927,841 111,408 (2,816,433) 85,000 2,621,841 305,997 2,621,844 101,496 81,913 204,501 2,539,931 2,706,841 2,927,841 183,409 2,744,432 (72,001) (72,001) EXPENDITURES Current: General government Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance (deficit), June 30, 2022 $ 1,428,766 1,428,766 183 $ 1,428,766 1,428,766 $ (72,001) (72,001) (72,001) (1,428,766) (1,500,767) $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Emergency Management Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 243,060 Interest income Intergovernmental Total revenues $ 243,060 $ 241,613 $ (1,447) 400 396 2,211,094 2,454,554 4,358,580 4,602,036 617,644 859,257 (3,740,936) (3,742,779) (396) 2,532,972 2,532,972 4,680,454 4,680,454 1,389,241 1,389,241 3,291,213 3,291,213 (78,418) (78,418) (529,984) (451,566) (78,418) (78,418) (529,984) (451,566) (222,675) (301,093) (222,675) (301,093) (443,520) (973,504) EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 $ 184 $ $ $ (220,845) (672,411) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Environmental Services Environment Health Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 5,319,384 $ 5,319,384 $ 7,005,635 $ 1,686,251 Fines & forfeit 120,000 120,000 120,783 783 Interest income 95,136 95,136 (527,710) (622,846) 16,437,646 16,437,646 17,349,812 38,825 912,166 38,825 21,972,166 21,972,166 23,987,345 2,015,179 24,096,183 24,096,172 Licenses and permits Miscellaneous Total revenues EXPENDITURES Current: 22,359,940 1,736,232 Debt service Health welfare and sanitation 84,653 (84,653) Debt service interest (9,848) 299,803 300,000 300,011 9,848 208 Total expenditures 24,396,183 24,396,183 22,454,649 1,941,534 Excess (deficiency) of revenues over expenditures (2,424,017) (2,424,017) 1,532,696 3,956,713 24,530 24,530 24,530 24,530 Capital outlay OTHER FINANCING SOURCES Transfer in Total other financing sources Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ (2,424,017) (2,399,487) 1,557,226 3,956,713 13,795,074 11,371,057 13,795,074 11,395,587 16,088,015 17,645,241 2,292,941 6,249,654 185 $ $ $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original REVENUES Charges for services $ Interest income Total revenues 635,784 Actual Amounts Final $ 635,784 $ 567,442 Positive (Negative) $ (68,342) 1,716 637,500 1,716 637,500 2,775 570,217 1,059 (67,283) 637,500 637,500 506,786 130,714 637,500 637,500 506,786 130,714 63,431 63,431 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 295,733 295,733 186 $ 295,733 295,733 $ 63,431 63,431 354,743 418,174 59,010 122,441 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Flood Control Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ $ $ Fines & forfeit 14,659 $ 14,659 91,000 91,000 Interest income 1,500,000 1,500,000 (4,031,674) (5,531,674) Intergovernmental 233,145 233,150 346,530 113,380 License & permit 405,000 405,000 846,376 441,376 Miscellaneous 448,839 448,839 2,486,522 2,037,683 79,705,958 82,292,942 79,705,953 82,292,942 79,972,938 79,726,351 266,985 (2,566,591) 43,373,149 1,839,500 43,548,149 1,664,500 32,731,317 2,302,841 10,816,832 (638,341) Total expenditures 45,212,649 45,212,649 35,034,158 10,178,491 Excess of revenues over expenditures 37,080,293 37,080,293 44,692,193 7,611,900 (44,831,406) (44,831,406) (44,831,406) (44,831,406) (44,831,406) (44,831,406) 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, 2021 (7,751,113) (7,751,113) (139,213) 7,611,900 27,853,990 27,853,990 29,176,723 1,322,733 53,873 53,873 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2022 $ 20,102,877 187 $ 20,102,877 $ 29,091,383 $ 8,988,506 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental Total revenues 100,000 100,000 60,394 (39,606) 100,000 100,000 60,394 (39,606) 100,000 100,000 55,814 44,186 100,000 100,000 55,814 44,186 4,580 4,580 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2021 Fund balance (deficit), June 30, 2022 54,385 54,385 $ 188 $ 54,385 54,385 $ 4,580 4,580 (9,103) (4,523) (63,488) (58,908) $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues $ $ 186,689 $ 186,689 90,740,467 90,740,467 138,893,943 138,893,943 134,273,703 134,460,392 (4,620,240) (4,433,551) 92,029,678 140,183,154 EXPENDITURES Current: 137,132,483 3,050,671 Debt service Health welfare and sanitation 355,288 (355,288) Debt service interest 283,468 (283,468) Capital outlay Total expenditures 20,000 92,049,678 20,000 140,203,154 76,148 137,847,387 (56,148) 2,355,767 Deficiency of revenues under expenditures (1,309,211) (1,309,211) (3,386,995) (2,077,784) 1,309,211 1,309,211 1,309,211 1,309,211 846,165 846,165 (463,046) (463,046) (2,540,830) (2,540,830) (3,099,569) (3,099,569) (3,099,569) (3,099,569) OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 $ 189 $ $ (6,249,084) (8,789,914) $ (3,149,515) (5,690,345) 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 311,257 10,404 $ 311,257 10,404 $ 308,271 (25,405) $ (2,986) (35,809) 321,661 321,661 282,866 (38,795) Public safety 512,161 512,163 224,115 288,048 Capital outlay Total expenditures 75,926 588,087 75,924 588,087 64,854 288,969 11,070 299,118 Deficiency of revenues under expenditures (266,426) (266,426) (6,103) 260,323 Net change in fund balances (266,426) (266,426) (6,103) 260,323 Total revenues EXPENDITURES Current: Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 190 940,074 673,648 $ 940,074 673,648 $ 876,826 870,723 $ (63,248) 197,075 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Inmate Services Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 13,773,753 257,184 $ 13,773,753 257,184 $ 12,886,890 (441,088) $ (886,863) (698,272) 14,030,937 14,030,937 12,445,802 (1,585,135) 14,530,937 14,530,937 10,404,935 4,126,002 14,530,937 14,530,937 10,404,935 4,126,002 (500,000) (500,000) 2,040,867 2,540,867 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 (500,000) (500,000) 2,040,867 2,540,867 13,314,322 13,314,322 14,338,668 1,024,346 Change in nonspendable resources: Increase in inventories Fund balance, June 30, 2022 $ 12,814,322 191 $ 12,814,322 $ 126,603 16,506,138 $ 126,603 3,691,816 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Courts Judicial Enhancement – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines & forfeit $ Interest income Total revenues 729,839 $ 729,839 $ 615,033 $ (114,806) 7,344 737,183 7,344 737,183 (127,188) 487,845 (134,532) (249,338) 737,183 737,183 737,183 737,183 92,228 92,228 644,955 644,955 395,617 395,617 EXPENDITURES Current: Public Safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 3,984,506 3,984,506 192 $ 3,984,506 3,984,506 $ 395,617 395,617 4,240,375 4,635,992 255,869 651,486 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Justice Courts Special Revenue – Special Revenue Fund Year Ended June 30, 2022 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 $ Intergovernmental Total revenues 5,528,537 (31,718) 25,727 $ (1,256,264) (52,334) 25,727 6,805,417 6,805,417 5,522,546 (1,282,871) EXPENDITURES Current: 7,005,417 7,005,417 6,730,818 274,599 Total expenditures 7,005,417 7,005,417 6,730,818 274,599 Deficiency of revenues under expenditures (200,000) (200,000) (1,208,272) (1,008,272) (200,000) (200,000) (1,208,272) (1,008,272) 3,294,273 3,094,273 3,294,273 3,094,273 2,904,439 1,696,167 Public safety Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 193 $ $ $ (389,834) (1,398,106) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Diversion Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 76,208 $ 76,212 $ 61,592 $ (14,620) Interest income 1,254 1,252 1,043 (209) Miscellaneous 18,506 95,968 18,504 95,968 14,909 77,544 (3,595) (18,424) 95,968 95,968 95,968 95,968 63,968 63,968 32,000 32,000 13,576 13,576 Total revenues EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 114,611 114,611 $ 194 $ 114,611 114,611 $ 13,576 13,576 128,870 142,446 14,259 27,835 $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues 12,000 $ 12,000 $ 7,914 $ (4,086) 3,428,167 3,440,167 3,644,086 3,656,086 2,911,008 2,918,922 (733,078) (737,164) 3,425,167 4,021,428 2,904,173 1,117,255 3,425,167 4,021,428 2,904,173 1,117,255 15,000 (365,342) 14,749 380,091 (15,000) (15,000) (15,000) (15,000) (25,000) (25,000) (10,000) (10,000) (380,342) (10,251) 370,091 338,926 (41,416) 330,950 320,699 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2021 Fund balance (deficit), June 30, 2022 $ 195 338,926 338,926 $ $ $ (7,976) 362,115 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Probation Special Fee Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 150,430 $ 150,432 $ 123,181 $ (27,251) Fines & forfeit 1,652,240 1,652,244 2,158,569 506,325 Interest income 8,578 1,811,248 8,572 1,811,248 (30,371) 2,251,379 (38,943) 440,131 Total expenditures 2,111,248 2,111,248 2,111,248 2,111,248 1,811,232 1,811,232 300,016 300,016 Excess (deficiency) of revenues over expenditures (300,000) (300,000) 440,147 740,147 Net change in fund balances (300,000) (300,000) 440,147 740,147 872,353 572,353 872,353 572,353 824,253 1,264,400 Total revenues EXPENDITURES Current: Public Safety Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 196 $ $ $ (48,100) 692,047 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Juvenile Restitution Fund – Special Revenue Fund Year Ended June 30, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Miscellaneous 1,021 891 $ 1,912 Total revenues 1,021 891 1,912 EXPENDITURES Current: 50,000 50,000 50,000 Total expenditures 50,000 50,000 50,000 Excess (deficiency) of revenues over expenditures (50,000) (50,000) 1,912 51,912 15,000 15,000 25,000 10,000 Total other financing sources 15,000 15,000 25,000 10,000 Net change in fund balances (35,000) (35,000) 26,912 61,912 61,447 26,447 61,447 26,447 132,738 159,650 71,291 133,203 Public safety OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 197 $ $ $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 4,136,269 $ 4,160,710 $ 4,415,417 $ 254,707 44,038 500 19,593 504 (93,423) 1,000 (113,016) 496 4,180,807 4,180,807 4,322,994 142,187 4,530,807 1,288,191 4,530,807 1,288,191 3,421,380 119,655 1,109,427 1,168,536 Total expenditures 5,818,998 5,818,998 3,541,035 2,277,963 Excess (deficiency) of revenues over expenditures (1,638,191) (1,638,191) 781,959 2,420,150 Net change in fund balances (1,638,191) (1,638,191) 781,959 2,420,150 1,968,108 329,917 1,968,108 329,917 2,309,419 3,091,378 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 198 $ $ $ 341,311 2,761,461 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,445,748 Fines & forfeit 1,445,748 $ 1,385,172 $ (60,576) 514 22,536 8 (43,156) (506) (65,692) 1,468,798 1,468,798 1,342,024 (126,774) 1,468,798 1,468,798 964,022 504,776 1,468,798 1,468,798 964,022 504,776 378,002 378,002 Interest Income Total revenues $ 514 22,536 EXPENDITURES Current: Public safety Total expenditures Excess of revenues over expenditures OTHER FINANCING USES Transfers out (350,000) (350,000) Total other financing uses Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ (350,000) (350,000) (350,000) (350,000) (350,000) (350,000) 28,002 378,002 1,457,650 1,107,650 1,457,650 1,107,650 1,603,946 1,631,948 146,296 524,298 199 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Library District Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 7,729,062 $ 7,866,807 $ 6,362,652 $ (1,504,155) Fines & forfeit 141,220 141,220 170,140 28,920 Interest income 220,000 250,000 (614,625) (864,625) Intergovernmental 462,919 439,422 463,049 23,627 205,553 26,846,798 432,331 26,475,772 62,568 27,039,104 (369,763) 563,332 35,605,552 35,605,552 33,482,888 (2,122,664) 35,350,552 35,720,552 Miscellaneous Taxes Total revenues EXPENDITURES Current: Culture and recreation 29,104,301 6,616,251 Debt service 43,064 (43,064) Debt service interest (13,341) 77,361 Capital outlay Total expenditures 255,000 485,000 13,341 407,639 35,605,552 36,205,552 29,568,345 6,637,207 (600,000) 3,914,543 4,514,543 (600,000) 3,914,543 4,514,543 18,305,623 17,705,623 17,384,490 21,299,033 Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 18,305,623 18,305,623 200 $ $ $ (921,133) 3,593,410 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 25,000 $ 25,000 $ (25,000) 25,000 25,000 (25,000) Culture and recreation 25,000 25,000 25,000 Total expenditures 25,000 25,000 25,000 Total revenues EXPENDITURES Current: Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 328,387 328,387 201 $ 328,387 328,387 $ $ (328,387) (328,387) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Medical Examiner Grants – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ Intergovernmental $ 444 $ 444 103,948 103,948 123,833 123,833 5,737 6,181 (118,096) (117,652) Health welfare 63,948 81,829 6,181 75,648 Capital outlay 40,000 103,948 42,004 123,833 6,181 42,004 117,652 Total revenues EXPENDITURES Current: Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ $ 202 $ $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ Miscellaneous Total revenues 53,436,000 4,914,680 72,447,924 (46,823,244) 1,506,633 (70,941,291) 46,823,244 58,350,680 25,624,680 1,506,633 (24,118,047) 56,261,383 20,871,588 1,506,633 19,364,955 500,000 500,000 500,000 1,589,297 438,869 2,122,354 438,869 2,122,354 58,350,680 23,932,811 EXPENDITURES Current: General government Public safety Health welfare and sanitation Education Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2021 Fund balance (deficit), June 30, 2022 (80,909) (80,909) $ 203 $ 1,506,633 22,426,178 1,691,869 (1,691,869) 1,691,869 (1,691,869) (80,909) 1,610,960 $ $ 80,909 (1,610,960) 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines & Forfeit $ Interest income 111,408 $ 11,075 122,483 Total revenues 111,408 $ 11,075 122,483 41,470 $ 1,464 42,934 (69,938) (9,611) (79,549) EXPENDITURES Current: Total expenditures 422,483 422,483 Deficiency of revenues under expenditures (300,000) (300,000) (151,922) Net change in fund balances (300,000) (300,000) (151,922) 148,078 570,015 270,015 570,015 270,015 232,744 80,822 (337,271) (189,193) Public Safety $ Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 204 $ $ 422,483 422,483 $ $ 194,856 194,856 $ 227,627 227,627 148,078 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Palo Verde Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 4,196 Intergovernmental $ 690,925 695,121 Total revenues 4,200 $ 690,921 695,121 (29,176) $ (33,376) 690,925 661,749 4 (33,372) 682,979 682,979 12,142 12,142 (21,230) (21,230) (21,230) (21,230) EXPENDITURES Current: Public Safety $ 695,121 695,121 Total expenditures $ 695,121 695,121 $ Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 1,036,166 1,036,166 205 $ 1,036,166 1,036,166 $ 1,025,567 1,004,337 $ (10,599) (31,829) 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 88,000 88,000 Total revenues $ 88,000 88,000 $ 845 845 $ (87,155) (87,155) EXPENDITURES Current: Culture and recreation 88,000 88,000 21,345 66,655 Total expenditures 88,000 88,000 21,345 66,655 (20,500) (20,500) (20,500) (20,500) Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance (deficit), June 30, 2022 $ $ 206 $ (20,500) $ (20,500) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Donations Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 9,202 38,674 Miscellaneous $ 47,876 Total revenues 4,853 43,023 $ (14,323) 37,163 47,876 22,840 $ (19,176) (5,860) (25,036) EXPENDITURES Current: Culture and recreation 135,740 135,740 23,150 112,590 Capital outlay Total expenditures 110,000 245,740 110,000 245,740 23,150 110,000 222,590 Deficiency of revenues under expenditures (197,864) (197,864) (310) 197,554 Net change in fund balances (197,864) (197,864) (310) 197,554 509,007 311,143 509,007 311,143 522,125 521,815 Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 207 $ $ $ 13,118 210,672 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Enhancement Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 6,751,127 $ 6,798,153 $ Fines & forfeit Interest income 7,474,587 $ 676,434 4 4 74,131 27,105 (84,904) (112,009) 6,825,258 6,825,258 31,628 7,421,315 31,628 596,057 7,730,259 300,000 7,589,313 440,946 6,726,979 525,396 862,334 (84,450) Total expenditures 8,030,259 8,030,259 7,252,375 777,884 Excess of revenues over expenditures (1,205,001) (1,205,001) 168,940 1,373,941 Miscellaneous Total revenues EXPENDITURES Current: Culture and recreation Capital outlay OTHER FINANCING SOURCES 1 1 (1) Total other financing sources 1 1 (1) Net change in fund balances (1,205,000) (1,205,000) 168,940 1,373,940 1,463,550 258,550 1,463,550 258,550 2,635,543 2,804,483 1,171,993 2,545,933 Transfers in Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 208 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Parks Souvenir Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 321,884 $ 321,884 $ Interest income Total revenues 260,613 434 $ (61,271) 434 321,884 321,884 261,047 (60,837) 321,883 321,883 321,883 321,883 261,248 261,248 60,635 60,635 1 1 (201) (202) (1) (1) (1) (1) 35,709 35,709 35,709 35,709 EXPENDITURES Current: Culture and recreation Total expenditures Excess (deficiency) of revenues under expenditures OTHER FINANCING USES Transfers out Total other financing uses 1 1 Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 209 $ $ (201) (201) 28,870 28,669 (6,839) (7,040) $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 5,577,468 $ 5,577,468 $ 9,021,973 $ 3,444,505 Fines & forfeit 25,705 25,705 50,390 24,685 Interest income 42,000 42,000 (1,090,129) (1,132,129) License & permit 5,862,827 5,862,827 11,486,331 5,623,504 Miscellaneous 4,000 11,512,000 4,000 11,512,000 81,594 19,550,159 77,594 8,038,159 Public safety 13,203,862 13,203,862 12,891,889 311,973 Capital outlay Total expenditures 175,000 13,378,862 175,000 13,378,862 12,891,889 175,000 486,973 Excess (deficiency) of revenues over expenditures (1,866,862) (1,866,862) 6,658,270 8,525,132 Total revenues EXPENDITURES Current: Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ (1,866,862) (1,866,862) 6,658,270 8,525,132 23,783,782 21,916,920 23,783,782 21,916,920 30,321,933 36,980,203 6,538,151 15,063,283 210 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Probate Fees Fund – Special Revenue Fund Year Ended June 30, 2022 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 $ 432,655 1,598 $ 41,855 398 392,000 392,000 434,253 42,253 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) 42,273 117,273 117,273 Public safety Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 211 (75,000) (75,000) 42,273 177,822 102,822 177,822 102,822 195,929 238,202 $ $ $ 18,107 135,380 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 875,914 $ 875,914 $ Interest income Total revenues 1,142,133 (21,911) 875,914 875,914 1,120,222 $ 266,219 (21,911) 244,308 EXPENDITURES Current: 1,013,151 1,013,151 904,461 108,690 Total expenditures 1,013,151 1,013,151 904,461 108,690 Excess (deficiency) of revenues over expenditures (137,237) (137,237) 215,761 352,998 Net change in fund balances (137,237) (137,237) 215,761 352,998 Public safety Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 212 213,345 76,108 $ 213,345 76,108 $ 540,636 756,397 $ 327,291 680,289 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 3,177,842 3,177,842 58,862 1,090,998 3,177,842 3,177,842 1,149,860 (2,027,982) Total expenditures 3,677,842 3,677,842 3,677,842 3,677,842 1,146,131 1,146,131 2,531,711 2,531,711 Excess (deficiency) of revenues over expenditures (500,000) (500,000) 3,729 503,729 Net change in fund balances (500,000) (500,000) 3,729 503,729 Fund balance (deficit), July 1, 2021 778,486 278,486 778,486 278,486 (3,728) 1 (782,214) (278,485) Intergovernmental Total revenues $ $ $ 58,862 (2,086,844) EXPENDITURES Current: Public safety Fund balance, June 30, 2022 $ 213 $ $ $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ 2,490 $ 2,490 Intergovernmental 270,732 270,726 184,181 (86,545) Miscellaneous 17,955 288,687 17,961 288,687 16,770 203,441 (1,191) (84,055) 461,206 461,206 29,178 168,028 461,206 461,206 293,178 168,028 (172,519) (172,519) (89,737) 83,973 (172,519) (172,519) (89,737) 82,782 208,976 36,457 208,976 36,457 342,833 253,096 133,857 216,639 Total revenues EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 214 $ $ $ 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, 2022 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 7,723,648 $ 7,784,779 $ 12,081,609 $ 4,296,830 Interest income 60,000 60,000 (271,721) (331,721) Miscellaneous 3,120 7,786,768 3,120 7,847,899 4,315 11,814,203 1,195 3,966,304 8,475,368 8,536,499 Total revenues EXPENDITURES Current: Health, welfare, and sanitation 8,020,225 516,274 Debt service 324,360 (324,360) Debt service interest 77,881 98,116 (77,881) (98,116) Capital outlay Total expenditures 8,475,368 8,536,499 8,520,582 15,917 Excess (deficiency) of revenues over expenditures (688,600) (688,600) 3,293,621 3,982,221 Transfers in 1,000 1,000 1,142 142 Total other financing sources 1,000 1,000 1,142 142 Net change in fund balances (687,600) (687,600) 3,294,763 3,982,363 Fund balance, July 1, 2021 7,216,728 7,216,728 7,309,432 92,704 OTHER FINANCING SOURCES Change in nonspendable resources: 400,788 Increase in inventories Fund balance, June 30, 2022 $ 6,529,128 215 $ 6,529,128 $ 11,004,983 400,788 $ 4,475,855 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 59,416,403 $ 145,674,641 $ Miscellaneous Total revenues 67,496,100 59,416,403 145,674,641 14,270 67,510,370 59,416,403 145,674,641 $ (78,178,541) 14,270 (78,164,271) EXPENDITURES Current: 84,469,195 61,205,446 Debt service Health welfare and sanitation 293,318 (293,318) Debt service interest 55,296 57,210 (55,296) (57,210) 84,875,019 60,799,622 Excess (deficiency) of revenues over expenditures (17,364,649) (17,364,649) Net change in fund balances (17,364,649) (17,364,649) (6,867,820) (3,400,415) Capital outlay 59,416,403 Total expenditures Fund deficit, July 1, 2021 145,674,641 (3,467,405) (3,467,405) Change in nonspendable resources: Increase in inventories Fund deficit, June 30, 2022 $ (3,467,405) 216 $ (3,467,405) $ 211,509 (24,020,960) $ 211,509 (20,553,555) 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 4,200,000 7,689 $ 4,500,000 7,689 $ 4,901,112 (128,664) $ 401,112 (136,353) 4,207,689 4,507,689 4,772,448 264,759 4,761,429 5,061,429 4,381,992 92,276 679,437 (92,276) Total expenditures 4,761,429 5,061,429 4,474,268 587,161 Excess (deficiency) of revenues over expenditures (553,740) (553,740) 298,180 851,920 Total revenues EXPENDITURES Current: General government Capital outlay Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ (553,740) (553,740) 298,180 851,920 3,249,104 2,695,364 3,249,104 2,695,364 3,463,820 3,762,000 214,716 1,066,636 217 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Communication Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 50,004 Interest income $ 50,004 $ 1 Intergovernmental Total revenues 785,262 $ 735,258 (45,846) (45,846) 551,704 601,709 971,035 1,021,039 860,307 1,599,723 (110,728) 578,684 EXPENDITURES Current: 905,182 1,324,512 1,284,536 39,976 Total expenditures 905,182 1,324,512 1,284,536 39,976 Excess (deficiency) of revenues over expenditures (303,473) (303,473) 315,187 618,660 Education Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ (303,473) (303,473) 315,187 618,660 2,591,365 2,287,892 2,591,365 2,287,892 1,612,778 1,927,965 (978,587) (359,927) 218 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Grants Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental Total revenues 1 $ $ $ 11,121,000 11,121,001 11,121,001 11,121,001 10,536,621 10,536,621 (584,380) (584,380) 11,494,826 11,494,826 8,029,713 3,465,113 11,494,826 11,494,826 8,029,713 3,465,113 (373,825) (373,825) 2,506,908 2,880,733 EXPENDITURES Current: Education Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 $ (373,825) (373,825) 2,506,908 2,880,733 (1,681,833) (2,055,658) (1,681,833) (2,055,658) (2,760,451) (253,543) (1,078,618) 1,802,115 219 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual School Transportation Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 1 599,999 Intergovernmental Total revenues $ 600,000 $ (84,460) 9,811 $ (84,460) (590,189) 600,000 600,000 (74,649) (674,649) 600,000 2,648,020 2,061,727 586,293 600,000 2,648,020 2,061,727 586,293 (2,048,020) (2,136,376) (88,356) 2,048,020 2,048,020 2,048,020 2,048,020 577,519 577,519 612,303 523,947 EXPENDITURES Current: Education Total expenditures Excess (deficiency) of revenues over expenditures OTHER FINANCING SOURCES Transfer in Total other financing sources Net change in fund balances (88,356) Fund balance, July 1, 2021 Fund balance, June 30, 2022 577,519 577,519 $ 220 $ $ (88,356) $ 34,784 (53,572) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Donations Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines and forfeits $ 38,520 $ 38,520 $ 12,099 $ (26,421) Interest income 20,424 20,424 3,933 (16,491) Miscellaneous 16,056 75,000 16,056 75,000 16,446 32,478 390 (42,522) 65,628 94,372 65,628 94,372 65,628 94,372 Total expenditures 160,000 160,000 160,000 Excess (deficiency) of revenues over expenditures (85,000) (85,000) Total revenues EXPENDITURES Current: Public safety Capital outlay Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 221 32,478 117,478 117,478 (85,000) (85,000) 32,478 457,754 372,754 457,754 372,754 445,766 478,244 $ $ $ (11,988) 105,490 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff Grants Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ Intergovernmental 250 3,208,638 $ 252 6,794,436 $ 17,166 2,818,869 $ 16,914 (3,975,567) 3,208,888 6,794,688 2,836,035 (3,958,653) 2,846,825 496,001 6,432,618 496,008 1,972,549 514,286 4,460,069 (18,278) Total expenditures 3,342,826 6,928,626 2,486,835 4,441,791 Excess (deficiency) of revenues over expenditures (133,938) (133,938) 349,200 483,138 Net change in fund balances (133,938) (133,938) 349,200 483,138 (396,042) (529,980) (396,042) (529,980) (507,532) (158,332) (111,490) 371,648 Total revenues EXPENDITURES Current: Public safety Capital outlay Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 $ 222 $ $ $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ (91,678) $ 1,005,924 1,100,106 1,005,924 1,100,106 1,005,595 913,917 (329) (186,189) Public safety 1,100,106 1,100,106 541,326 558,780 Capital Outlay Total expenditures 2,900,000 4,000,106 2,900,000 4,000,106 541,326 2,900,000 3,458,780 Excess (deficiency) of revenues over expenditures (2,900,000) (2,900,000) 372,591 3,272,591 Net change in fund balances (2,900,000) (2,900,000) 372,591 3,272,591 2,900,000 2,900,000 2,892,257 3,264,848 Intergovernmental Total revenues 94,182 $ 94,182 $ (185,860) EXPENDITURES Current: Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ $ 223 $ $ (7,743) 3,264,848 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Sheriff RICO Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines & forfeit $ 523,651 523,651 $ 523,651 523,651 $ 185,705 185,705 $ (337,946) (337,946) $ 523,651 $ 523,651 $ 178,860 $ 344,791 Total revenues EXPENDITURES Current: Public safety Capital outlay 32,393 211,253 (32,393) 312,398 Excess (deficiency) of revenues over expenditures (25,548) (25,548) Net change in fund balances (25,548) (25,548) 523,651 Total expenditures 523,651 Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ $ 224 $ 85,548 60,000 $ 85,548 60,000 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 59,400 $ 59,400 84 51,671 59,400 59,400 51,755 (7,645) 59,400 59,400 34,989 24,411 59,400 59,400 34,989 24,411 Excess of revenues over expenditures 16,766 16,766 Net change in fund balances 16,766 16,766 Miscellaneous Total revenues $ $ 84 (7,729) EXPENDITURES Current: Public safety Total expenditures Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ $ 225 $ 1,863 18,629 $ 1,863 18,629 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 1 109,550 Intergovernmental Total revenues $ 109,551 $ 2,002 109,657 $ 2,002 106 109,551 109,551 111,659 2,108 109,551 109,551 109,277 274 109,551 109,551 109,277 274 2,382 2,382 EXPENDITURES Current: Education Total expenditures Excess of revenues over expenditures Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 199,580 199,580 $ 226 $ 199,580 199,580 $ 2,382 2,382 218,864 221,246 19,284 21,666 $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Spousal Maintenance Enforcement Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 107,500 $ 107,492 $ 121,233 $ 13,741 500 108,000 508 108,000 1,728 122,961 1,220 14,961 EXPENDITURES Current: 148,000 148,000 101,292 46,708 Total expenditures 148,000 148,000 101,292 46,708 Excess (deficiency) of revenues over expenditures (40,000) (40,000) 21,669 61,669 Public safety Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ (40,000) (40,000) 21,669 61,669 166,990 126,990 166,990 126,990 189,374 211,043 22,384 84,053 227 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Spur Cross Ranch Conservation – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 327,126 $ 336,002 $ 347,036 $ 11,034 14,015 341,141 5,139 341,141 (18,010) 329,026 (23,149) (12,115) Culture and recreation 381,657 381,657 282,616 99,041 Capital Outlay Total expenditures 40,000 421,657 40,000 421,657 282,616 40,000 139,041 Excess (deficiency) of revenues over expenditures (80,516) (80,516) 46,410 126,926 126,926 Total revenues EXPENDITURES Net change in fund balances Fund balance, July 1, 2022 Fund balance, June 30, 2022 $ (80,516) (80,516) 46,410 550,052 469,536 550,052 469,536 589,312 635,722 228 $ $ $ 39,260 166,186 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Superior Court Building Repair Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest Income $ $ $ Total revenues 3,653 $ 3,653 3,653 3,653 EXPENDITURES Current: Public safety Total expenditures Deficiency of revenues under expenditures 1,200,000 1,725,000 1,350,542 374,458 1,200,000 1,725,000 1,350,542 374,458 (1,200,000) (1,725,000) (1,346,889) 378,111 350,000 350,000 350,000 350,000 350,000 350,000 (850,000) (1,375,000) (996,889) 378,111 905,032 55,032 905,032 (469,968) 1,025,305 28,416 120,273 498,384 OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2021 Fund balance (deficit), June 30, 2022 $ 229 $ $ $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income Total revenues 1,913,611 374 $ 1,818,927 $ 1,818,927 $ 1,913,985 1,818,927 1,818,927 1,913,985 1,876,304 1,875,402 902 1,913,985 1,876,304 1,875,402 902 (57,377) (56,475) 902 (57,377) (56,475) 902 50,297 40,825 (9,472) EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances 50,297 Fund balance, July 1, 2021 Fund balance (deficit), June 30, 2022 $ 50,297 230 $ (7,080) $ (15,650) $ (8,570) 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 1,314,911 Interest income Intergovernmental Miscellaneous Total revenues $ 1,389,108 $ 1,162,081 $ (227,027) 1,512 1,512 3,139 1,627 4,322,533 30,000 4,261,524 30,000 3,172,328 4,000 (1,089,196) (26,000) 5,668,956 5,682,144 4,341,548 (1,340,596) 5,668,956 5,668,956 5,971,427 5,971,427 4,322,801 4,322,801 1,648,626 1,648,626 (289,283) 18,747 308,030 (289,283) (108,743) 18,747 (72,934) 308,030 35,809 EXPENDITURES Current: Public safety Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances (108,743) Fund deficit, July 1, 2021 Fund deficit, June 30, 2022 $ (108,743) 231 $ (398,026) $ (54,187) $ 343,839 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 495,408 Interest income $ 495,408 $ 489,159 $ (6,249) 29,319 524,727 29,319 524,727 (24,503) 464,656 (53,822) (60,071) Total expenditures 1,049,727 1,049,727 524,727 524,727 425,536 425,536 99,191 99,191 Excess (deficiency) of revenues over expenditures (525,000) 39,120 39,120 Total revenues EXPENDITURES Current: Public Safety Net change in fund balances (525,000) Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 1,032,785 507,785 232 $ 1,032,785 1,032,785 $ 39,120 39,120 858,485 897,605 (174,300) (135,180) $ 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 4,907,552 Interest Income $ 4,992 4,907,548 $ 4,992 5,225,257 $ (106,329) 317,709 (111,321) 19,736 19,740 13,971 (5,769) 4,932,280 4,932,280 5,132,899 200,619 5,549,398 5,549,398 4,809,523 739,875 Total expenditures 5,549,398 5,549,398 4,809,523 739,875 Excess (deficiency) of revenues over expenditures (617,118) (617,118) 323,376 940,494 Miscellaneous Total revenues EXPENDITURES Current: Public safety Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ (617,118) (617,118) 323,376 940,494 2,995,883 2,378,765 2,995,883 2,378,765 3,507,216 3,830,592 511,333 1,451,827 233 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Taxpayer Information Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ $ $ 143,910 $ 143,910 Interest income Miscellaneous 125,000 125,000 125,000 125,000 143,910 (125,000) 18,910 General government 125,000 125,000 3,945 121,055 Total expenditures 125,000 125,000 3,945 121,055 Excess of revenues over expenditures 139,965 139,965 Net change in fund balances 139,965 139,965 Total revenues EXPENDITURES Current: Fund balance, July 1, 2021 Fund balance, June 30, 2022 68,162 68,162 $ 234 $ 68,162 68,162 $ 205,902 345,867 $ 137,740 277,705 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Grants Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Intergovernmental Total revenues $ $ $ 4,226,931 4,226,931 4,226,931 4,226,931 2,806,005 2,806,005 (1,420,926) (1,420,926) 4,226,931 4,226,931 4,527,173 4,527,173 2,526,948 2,526,948 2,000,225 2,000,225 (300,242) 279,057 579,299 EXPENDITURES Current: Highways and streets Total expenditures Excess (deficiency) of revenues over expenditures Net change in fund balances Fund balance (deficit), July 1, 2021 Fund balance (deficit), June 30, 2022 $ 2,480,421 2,480,421 235 $ (300,242) 279,057 579,299 2,480,421 2,180,179 (712,675) (433,618) (3,193,096) (2,613,797) $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Transportation Operations Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ 10,000 $ 10,000 $ 159,972 $ 149,972 Interest income 1,051,827 1,051,827 (3,129,137) (4,180,964) Intergovernmental 131,401,239 131,401,239 146,738,235 15,336,996 License & permits 3,400,000 3,400,000 4,738,861 1,338,861 980,465 136,843,531 980,465 136,843,531 602,585 149,110,516 (377,880) 12,266,985 95,808,951 6,082,694 95,808,951 6,082,694 82,721,012 5,802,928 13,087,939 279,766 Total expenditures 101,891,645 101,891,645 88,523,940 13,367,705 Excess of revenues over expenditures 34,951,886 34,951,886 60,586,576 25,634,690 (58,036,639) (58,036,639) (56,959,974) 1,076,665 (58,036,639) (58,036,639) (56,959,974) 1,076,665 (23,084,753) (23,084,753) 3,626,602 26,711,355 59,142,421 59,142,421 69,857,418 10,714,997 Miscellaneous Total revenues EXPENDITURES Current: Highways and streets Capital outlay OTHER FINANCING USES Transfers out Total other financing uses Net change in fund balances Fund balance, July 1, 2021 Change in nonspendable resources Increase in inventories Fund balance, June 30, 2022 $ 36,057,668 236 $ 36,057,668 $ 229,282 73,713,302 $ 229,282 37,655,634 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 40,000 $ 40,000 $ Miscellaneous Total revenues (13,861) 6,336 $ (53,861) 6,336 40,000 40,000 (7,525) (47,525) EXPENDITURES Current: 109,474 109,474 4,455 105,019 Total expenditures 109,474 109,474 4,455 105,019 Deficiency of revenues under expenditures (69,474) (69,474) (11,980) 57,494 Net change in fund balances (69,474) (69,474) (11,980) 57,494 Public safety Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 895,483 826,009 237 $ 895,483 826,009 $ 917,812 905,832 $ 22,329 79,823 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, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Fines & forfeit $ 170,000 Interest income $ 190,000 $ $ (2,193) 15,000 (11,311) 326 (26,311) 326 205,000 205,000 176,822 (28,178) Miscellaneous Total revenues 187,807 35,000 EXPENDITURES Current: 1,034,642 1,034,642 713,958 320,684 Total expenditures 1,034,642 1,034,642 713,958 320,684 Deficiency of revenues under expenditures (829,642) (829,642) (537,136) 292,506 Net change in fund balances (829,642) (829,642) (537,136) 292,506 Public safety Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 1,448,289 618,647 238 $ 1,448,289 618,647 $ 965,766 428,630 $ (482,523) (190,017) Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Victim Location Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final Budget Budgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income Total revenues $ 2,000 2,000 Excess of revenues over expenditures 2,000 $ 2,000 2,000 $ 2,000 3,818 3,818 1,818 1,818 2,000 2,000 3,818 Fund balance, July 1, 2021 29,349 31,349 29,349 31,349 29,065 32,883 Fund balance, June 30, 2022 239 $ $ 1,818 1,818 3,818 Net change in fund balances $ $ $ (284) 1,534 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Management Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ Miscellaneous $ (12,352) $ (12,352) 65,000 65,000 65,000 65,000 70,264 57,912 5,264 (7,088) 595,131 595,131 617,229 617,229 25,000 25,000 592,229 Total expenditures Excess (deficiency) of revenues over expenditures (530,131) (552,229) 32,912 585,141 Net change in fund balances (530,131) (552,229) 32,912 585,141 551,160 21,029 551,160 (1,069) 552,234 585,146 Total revenues EXPENDITURES Current: Health welfare Fund balance, July 1, 2021 Fund balance (deficit), June 30, 2022 $ 240 $ $ 592,229 $ 1,074 586,215 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Waste Tire Fund – Special Revenue Fund Year Ended June 30, 2022 Variance with Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Interest income 382,708 $ 382,704 $ 584,407 $ 201,703 12,660 5,429,632 12,660 5,429,636 (36,230) 6,116,048 (48,890) 686,412 5,825,000 5,825,000 6,664,225 839,225 Health welfare and sanitation 6,675,000 6,675,000 6,619,998 55,002 Total expenditures 6,675,000 6,675,000 6,619,998 55,002 Excess (deficiency) of revenues over expenditures (850,000) (850,000) 44,227 894,227 894,227 Intergovernmental Total revenues EXPENDITURES Current: Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ (850,000) (850,000) 44,227 2,535,513 1,685,513 2,535,513 1,685,513 2,601,814 2,646,041 241 $ $ $ 66,301 960,528 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ (5,501,324) $ (5,501,324) Total revenues (5,501,324) (5,501,324) EXPENDITURES Debt service Principal 87,522,792 87,522,792 87,522,792 Interest Total expenditures 5,230,128 92,752,920 5,230,128 92,752,920 5,230,128 92,752,920 Deficiency of revenues under expenditures (92,752,920) (92,752,920) (98,254,244) (5,501,324) 107,755,030 107,755,030 258,450,379 258,450,379 251,276,603 251,276,603 7,173,776 7,173,776 15,002,110 23,947,687 38,949,797 165,697,459 23,947,687 189,645,146 153,022,359 23,887,377 176,909,736 (12,675,100) (60,310) (12,735,410) OTHER FINANCING SOURCES Transfers in Total other financing sources Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 242 $ $ $ Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual County Improvement Fund – Capital Projects Fund Year Ended June 30, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Miscellaneous (4,941,176) 12,249 $ (4,928,927) Total revenues (4,941,176) 12,249 (4,928,927) EXPENDITURES Current: General government 7,910,454 8,800,130 Public safety 1,668,353 27,923,625 305,979 8,494,151 Capital outlay 160,194,992 137,314,735 88,503,344 48,811,391 (308,346) 84,920,821 79,991,894 27,923,625 Debt service other Total expenditures 169,773,799 174,038,490 308,346 89,117,669 Deficiency of revenues under expenditures (169,773,799) (174,038,490) (94,046,596) 200,000 200,000 (2,537,890) (2,537,890) (2,333,326) (204,564) (2,537,890) 142,810,000 140,472,110 142,810,000 140,676,674 (204,564) (172,311,689) 103,713,103 $ (68,598,586) (33,566,380) 103,713,103 70,146,723 46,630,078 103,713,103 150,343,181 OTHER FINANCING SOURCES (USES) Transfers in Transfers out Bond proceeds Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 243 $ $ 80,196,458 $ 80,196,458 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Capital outlay $ 8,766,032 $ 8,724,051 $ 736,836 $ 7,987,215 Total expenditures 8,766,032 8,724,051 736,836 7,987,215 Deficiency of revenues under expenditures (8,766,032) (8,724,051) (736,836) 7,987,215 Transfers in 42,086,333 42,086,333 42,086,333 Transfers out (2,132,989) 39,953,344 (2,132,989) 39,953,344 (2,132,989) 39,953,344 31,187,312 62,622,564 93,809,876 31,229,293 62,622,564 93,851,857 39,216,508 62,580,582 101,797,090 OTHER FINANCING SOURCES (USES) Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 244 $ $ $ 7,987,215 (41,982) 7,945,233 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) OTHER FINANCING USES Transfers Out $ (637,682) $ (637,682) $ (637,682) Total other financing uses (637,682) (637,682) (637,682) Deficiency of revenues over expenditures (637,682) (637,682) (637,682) Net change in fund balances (637,682) 791,477 153,795 (637,682) 791,477 153,795 (637,682) 791,477 153,795 Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 245 $ $ $ $ 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Intergovernmental $ 12,383,000 $ 12,383,000 $ 1,296,622 $ (11,086,378) 12,383,000 12,383,000 1,296,622 (11,086,378) 1,883,647 90,578,949 1,883,647 90,578,949 29,461,237 1,883,647 61,117,712 Total expenditures 92,462,596 92,462,596 29,461,237 63,001,359 Deficiency of revenues under expenditures (80,079,596) (80,079,596) (28,164,615) 51,914,981 44,831,406 44,831,406 44,831,406 Total other financing sources 44,831,406 44,831,406 44,831,406 Net change in fund balances (35,248,190) (35,248,190) 16,666,791 82,428,987 82,428,987 92,793,558 Total revenues EXPENDITURES Public Safety Capital outlay OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 47,180,797 246 $ 47,180,797 $ 109,460,349 51,914,981 10,364,571 $ 62,279,552 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) EXPENDITURES Culture and Recreation $ 23,411,636 145,252 23,800,820 Total expenditures 23,411,636 Deficiency of revenues under expenditures (23,411,636) Capital outlay $ $ 7,212,157 $ 145,252 16,588,663 23,946,072 7,212,157 16,733,915 (23,946,072) (7,212,157) 16,733,915 OTHER FINANCING SOURCES (USES) Transfers in 275,529,153 280,929,153 280,929,153 Transfers out (53,398,372) (204,093,721) (204,093,721) 222,130,781 76,835,432 76,835,432 Total other financing sources (uses) Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 198,719,145 52,889,360 69,623,275 472,734,255 472,734,255 473,269,571 671,453,400 247 $ 525,623,615 $ 542,892,846 16,733,915 535,316 $ 17,269,231 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ 300,000 $ 300,000 $ (273,895) $ (573,895) Total revenues 300,000 300,000 (273,895) (573,895) Excess (deficiency) of revenues over expenditures 300,000 300,000 (273,895) (573,895) (573,895) Net change in fund balances Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 300,000 300,000 (273,895) 10,558,723 10,558,723 10,353,035 10,858,723 248 $ 10,858,723 $ 10,079,140 (205,688) $ (779,583) 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Interest income $ $ $ Total revenues 2,157 2,157 $ 2,157 2,157 EXPENDITURES 40,783 40,783 40,783 Total expenditures 40,783 40,783 40,783 Excess (deficiency) of revenues over expenditures (40,783) (40,783) Net change in fund balances (40,783) (40,783) 2,157 42,940 60,068 60,068 275,147 215,079 Capital outlay Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 19,285 249 $ 19,285 2,157 $ 277,304 42,940 $ 258,019 Maricopa County Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual Technology Capital Improvement – Capital Projects Fund Year Ended June 30, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Miscellaneous $ 9,331,147 $ 9,331,147 $ $ (9,331,147) 9,331,147 9,331,147 12,555,267 23,230,276 12,481,809 22,958,349 13,657,518 12,481,809 9,300,831 Total expenditures 35,785,543 35,440,158 13,657,518 21,782,640 Deficiency of revenues under expenditures (26,454,396) (26,109,011) (13,657,518) 12,451,493 Transfers in 47,175,165 47,175,165 47,175,165 Transfers out (21,399,147) (21,399,147) (17,589,079) 4,031,710 (3,810,068) (4,031,710) Total other financing sources (uses) 25,776,018 25,776,018 33,617,796 (7,841,778) Net change in fund balances (678,378) 77,624,960 (332,993) 77,624,960 19,960,278 82,855,803 20,293,271 5,230,843 Total revenues (9,331,147) EXPENDITURES General Government Capital outlay OTHER FINANCING SOURCES (USES) Financed purchased agreements Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 76,946,582 250 $ 77,291,967 $ 102,816,081 $ 25,524,114 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, 2022 Variance With Final BudgetBudgeted Amounts Original Actual Amounts Final Positive (Negative) REVENUES Charges for services $ Intergovernmental 6,538,367 $ 6,538,367 $ 5,766,295 $ (772,072) 16,525,100 16,525,100 13,750,347 (2,774,753) 23,063,467 23,063,467 769,616 20,286,258 769,616 (2,777,209) 10,709,400 100,646,400 10,709,400 100,646,400 99,101,535 10,709,400 1,544,865 Total expenditures 111,355,800 111,355,800 99,101,535 12,254,265 Deficiency of revenues under expenditures (88,292,333) (88,292,333) (78,815,277) 9,477,056 53,446,538 53,446,538 53,446,538 Total other financing sources 53,446,538 53,446,538 53,446,538 Net change in fund balances (34,845,795) (34,845,795) (25,368,739) Miscellaneous Total revenues EXPENDITURES Highway and Streets Capital outlay OTHER FINANCING SOURCES Transfers in Fund balance, July 1, 2021 Fund balance, June 30, 2022 $ 55,167,614 20,321,819 251 $ 55,167,614 20,321,819 $ 58,366,897 32,998,158 9,477,056 $ 3,199,283 12,676,339 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects Year Ended June 30, 2022 Budgeted Amounts Original Final Actual Variance with Amounts Final Budget County Improvement 301 - Administration Building Renovation $ 47,786,370 $ 35,605,899 $ 21,740,075 $ 13,865,824 Computer Aided Mass Appraisal 3,815,187 4,394,859 2,517,219 East Valley Animal Care and Control Facility 15,000,000 15,000,000 9,151,750 1,877,640 5,848,250 Electronic Court Recording System Project 23,678,135 24,933,888 9,715,509 15,218,379 Emergency Management Facility 10,100,000 10,100,000 1,005,750 9,094,250 Equipment Services Center Buckeye 3,500,000 3,665,223 187,458 3,477,765 3,113,868 Equipment Services Fueling Station Downtown 3,229,533 3,212,683 98,815 Human Resources Information System 8,167,207 9,467,207 7,318,020 2,149,187 Jail Mgmt Information System 1,918,353 2,989,737 966,709 2,023,028 MCSO SWAT/Major Crimes/ K-9 Kennel Facility 16,435,560 15,248,803 8,341,549 6,907,254 MSCO Dist 3 Surprise Substation Add & Remodel 5,000,000 4,400,000 240,699 4,159,301 MCSO Warehouse 2,600,000 161,291 2,438,709 MCSO Substation at Avondale Campus 2,700,000 2,700,000 157,256 2,542,744 Northeast Regional Court Parking Lot 2,000,000 2,000,000 855,527 1,144,473 2,945,878 Radio System 2,586,340 2,362,832 (583,046) Superior Court Central Building 11th Floor 4,507,642 4,507,642 1,583,839 2,923,803 Superior Court Central Building 12th Floor 19,113,472 29,747,923 24,671,981 5,075,942 Superior Court Central Building 50,000 6,113 1,286 4,827 Southeast Juvenile Facility Remodel 36,000 635,681 221,657 414,024 150,000 $ 169,773,799 150,000 $ 173,728,490 $ $ $ $ Southeast Regional Justice Center at Mesa Total County Improvements 150,000 88,503,344 $ 85,225,146 $ 305,607 General Fund County Improvements Adult Probation Southport Buckeye Hills Range Electric 305,607 477,504 Durango Fuel Demolition 1,500,000 MCSO SWAT/Major Crimes/ K-9 Kennel Facility MCSO Warehouse Maricopa Regional Trail System 101,664 81,924 180,057 180,057 1,100,000 1,102,915 250,000 250,000 158,834 2,500 2,500 Campground Development and Improvement Entry Station and Maintenance Buildings 477,504 1,500,000 1,398,336 98,133 1,102,915 91,166 1,330,219 1,318,225 170,213 Estrella Ramada Renovations 382,015 382,015 310,691 71,324 Hassayampa 478,660 434,341 163,905 270,436 Trail Construction 1,148,012 149,553 149,553 Lake Pleasant - Campsite Repairs and Renovations Lake Pleasant - Water Storage Tank Upgrades 1,375,000 1,375,000 475,787 899,213 Parking Lot Repairs 2,100,000 2,100,000 12,874 2,087,126 7,087,288 6,530,649 4,859,727 1,670,922 12,790 12,779 Vulture Day-Use Design/Engineering 371,167 White Tank - Area 4 Renovations Superior Court Central Building 12th Floor Superior Court - Grand Jury at West Courts San Tan Mtn Park Improvement 198,397 37,945 7,430,000 7,395,865 Vulture Mountain Total General Fund County Improvements $ 23,411,636 252 $ 19,939 23,946,072 371,167 11 37,945 841,320 $ 19,939 7,212,157 6,554,545 $ 16,733,915 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2022 Budgeted Amounts Original Final Actual Variance with Amounts Final Budget Technology Capital Improvements Dynamics 365 Upgrade $ 4,000,000 $ 4,000,000 $ 464,991 $ 3,535,009 Enterprise Res Planning System 4,043,446 4,043,446 3,677,443 366,003 Public Safety Radio 4,637,125 4,515,731 608,117 3,907,614 Infrastructure Refresh Ph II 11,060,689 7,138,477 4,984,331 2,154,146 Treasurer Tech System Upgrade 9,546,986 33,288,246 $ 15,742,504 35,440,158 $ 3,922,636 13,657,518 $ 11,819,868 21,782,640 $ 7,724,051 $ 607,270 $ 7,116,781 Total Technology Capital Improvements $ CRIMINAL JUSTICE Detention Capital Projects Durango Jail Demolition $ MCSO Security Surveillance Projects Total Detention Capital Projects 1,000,000 $ $ 129,565 8,724,051 $ 177,773 $ 870,435 736,835 $ 7,987,216 34 $ 177,739 PUBLIC SAFETY Flood Control Capital Projects 10th Street Wash Basins - Major Maintenance $ 179,615 1,145,000 19Ave and Dobbins Drainage Improvements $ 1,085,001 20th Avenue and Turney Ave Detention Basin 27th Ave and Olney Ave Storm Drain 51st Ave and Dobbins Rd Drainage Improve Proj 302,917 782,084 2,863 (2,863) 5,200,000 2,525,001 364,758 2,160,243 650,000 1,875,000 953,323 921,677 400,170 2,000 9004S and 9006S Avenida del Yaqui ACDC - Major Maintenance 513,186 507,922 107,752 Agua Fria River - Major Maintenance 615,823 203,169 71,892 131,277 Arizona Canal Diversion Channel Fence Repair 707,000 473,000 1,321,502 (848,502) 175,000 325,000 245,926 79,074 11,192,693 8,813,999 2,792,553 6,021,446 21,259 Bethany 79th To 59th Buckeye 1 Rehab Buckeye FRS 2 - Major Maintenance 51,319 50,793 Casandro Wash Dam - Major Maintenance 153,956 152,376 29,534 152,376 Cave Buttes Dam Mod 373,000 835,001 652,158 182,843 Central Chandler Drng 483,000 107,000 133,942 (26,942) Chandler Heights Basin 2,330,000 Circle K Park Detention Basin 325 (325) 3,758 (3,758) Desert Awareness ParkGalloway Wash Impr 492,500 492,500 4,446 488,054 Desert Crest Dr Bank Stabilization 75,000 77,000 93,520 (16,520) Detention Basin @ Town of Queen Creek E Park 2,250,000 1,650,000 26,552 1,623,448 Downtown Buckeye 1,795,000 45,001 188 44,813 101,000 201,000 150 200,850 DRCC Elwood 75 To 107 118,944 (118,944) E Maricopa Floodway Low Flow 13,585 (13,585) East Fork Cave Creek - Major Maintenance 226,085 (226,085) 2,512,722 DRCC Avondale East Maricopa Floodway - Major Maintenance EMF Low Flow - Chandler Heights to Hunt Highway EMF Low Flow - Guadalupe to Ray Road EMF Low Flow Germann to Chandler Heights 2,436,208 2,691,990 179,268 101,000 80,000 1,984 78,016 6,320,000 4,345,000 1,417,895 2,927,105 510,000 110,000 3,397 106,603 171,693 Flood Control CIP 253 171,693 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2022 Budgeted Amounts Original Final Actual Variance with Amounts Final Budget PUBLIC SAFETY (Cont'd) Flood Control West Yard 3,300,000 3,300,000 Floodprone Prop Acquisition 2,000,000 2,000,000 269,894 3,030,106 2,000,000 FPAP - Gila Bend - Campos 403-11-057A 281,173 (281,173) FPAP - Gila Bend - Cool 403-11-051 22,566 (22,566) FPAP - Gila Bend - General Use 14,184 (14,184) FPAP - Gila Bend - Gonzalez 402-21-008C 1,434 (1,434) FPAP - Gila Bend - Guillen 402-21-006C- 17,114 (17,114) FPAP - Gila Bend - Jesus Aguirre 403-11-052 183,574 (183,574) FPAP - Gila Bend - Lauderdale 402-17-002N 1,364 (1,364) FPAP - Gila Bend - Mills 402-21-010D 341,631 (341,631) FPAP - Gila Bend - Policy 403-11-054C 209,696 (209,696) FPAP - Gila Bend - Sizemore 402-21-010E 3,328 (3,328) FPAP - Gila Bend - Vandagriff 403-11-050 15,876 (15,876) FPAP - Gila Bend - Vazquez 403-11-047 & 403-11-048D 14,995 (14,995) Gila Bend Drainage Improvements 197,069 (197,069) Golden Eagle Park Dam Debris Mitigation Impr Granite Reef Wash Guadalupe FRS - Major Maintenance 95,750 95,750 548 95,202 1,480,000 2,632,000 6,366 2,625,634 256,593 1,015,845 Guadalupe FRS Rehab Guadalupe rd Channel Box - Major Maintenance Harquahala Floodaway - Major Maintenance 25,659 Hermose Vista and Hawes Rd Storm Drn Major Main Hidden Valley Basins and Storm Drain 102,637 Indian Bend Wash Coll & Side Drain Major Main 102,637 946,828 (253,946) 1,622 (1,622) 294 (294) 25,396 62 25,334 310,000 12,205 297,795 101,585 22 101,563 Indian Bend Wash Outlet - Major Maintenance Indian School Rd Drain - Major Maintenance 69,017 253,946 101,585 32 (32) 119 101,466 (94,383) Litchfield R Strm Dr 94,383 Loop 303 Drainage - Major Maintenance 2,628 (2,628) MAJOR M 34,173 (34,173) Major Maintenance - Harquahala FRS 4,489 (4,489) Major Main 362 01 80 ACDC Skunk Cr Low Flow Chan 67,593 (67,593) Major Maintenance Capital Appr Unit 843,908 692,207 Mandan Street Drainage Improvements 9,000 99,000 McMicken Dam - Major Maintenance 692,207 30,553 68,447 461 (461) McMicken Dam Out Impr 5,222,000 8,706,001 62,098 8,643,903 McMicken Dam Project 12,945,000 20,288,000 8,812,198 11,475,802 990,000 990,000 102,637 101,585 McMicken Dam Rehab Phase 3 990,000 2,039 Mockingbird Lane Drainage Improvement Project New River Channel - Major Maintenance New River Dam - Major Maintenance New River Dam Outlet 7,230,000 Oak St Basin and St Dr Old Cross Cut Canal - Major Maintenance 205,274 Palm Lane and 30th Street 270,000 Palo Verde Drainage Improvements Paradise Ridge Channel Improvements Pass Mountain Inlet Impr - Major Main 254 (2,039) 24,052 77,533 23,897 (23,897) 150,000 100,130 49,870 7,241,995 57,587 7,184,408 421 (421) 540,001 5,677 534,324 455,491 455,491 246,314 209,177 1,625,000 1,425,000 492,373 932,627 1,563 (1,563) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2022 Budgeted Amounts Original Final Actual Variance with Amounts Final Budget PUBLIC SAFETY (Cont'd) Pecos Road Drainage Improvement Pima Road Drainage Channel 526 (526) 33,735 (33,735) 1,209,872 2,250,000 1,415,000 205,128 Powerline Floodway - Major Main 230,933 101,585 45,545 56,040 Powerline FRS Channel 55,000 277,000 164,328 112,672 Pinnacle Peak Rd & 67th Ave Drainage Impr 505,000 505,000 5,541 499,459 PVR Rehabilitation 1,149,000 1,686,000 518,651 1,167,349 Rawhide Wash Flood Hazard Mitigation 6,093,654 4,394,654 514,610 3,880,044 10,000 10,000 213,254 (213,254) 53 154,947 Prwder House Wash Realignment Reata Pass Drainage Improvements 10,000 Reems Road Royal Shadows Drainage Improvement Program 155,000 Salt River Channel - Major Maintenance 102,637 155,000 Scatter Wash - Major Maintenance Scott Avenue Wash Emergency Repair 60,000 Shaw Butte Mtn Service Tower Access Rd Drain Skunk Creek at I17 - Major Maintenance 2,183 (2,183) 137,322 (137,322) 185,774 (185,774) 61,316 (1,316) 1,493 (1,493) 2,000 Skyview Drainage Small Project Assistance Prgm 250,000 Solano Rd LWC and Channel 463,000 465,000 914 464,086 Somerset Circle Drainage Improvement 188,335 188,335 157,325 31,010 89 (89) Sonoqui Wash - Major Maintenance 115,000 427,000 768,484 (341,484) 3,030,000 2,858,000 2,213,267 644,733 Sun City Drains - Major Maintenance 25,659 25,396 439 24,957 Sun City Drains Grand at 103rd to New River 850,000 615,000 12,519 602,481 Sun City Drains Sun City Drains - Grand Delat Del Webb to Agua Fri Sun City West Drains - Major Maintenance 51,319 50,793 238,193 (187,400) Sun City West Drains Improvements Repairs 790,000 790,000 2,019,010 (1,229,010) Sunnycove FRS Collection Ssystem Improvements 107,000 25,000 107,787 (82,787) Sunset FRS - Major Maintenance Superstition Springs Golf Course Lake 1,334 (1,334) 165,135 (165,135) 2,889 (2,889) 462,673 462,673 2,445 460,228 541 (541) Vista Drive Drainage Improvement Program 192,500 192,500 2,743 189,757 Watson Drive and Bonarden Lane 255,000 445,000 Tres Rios Levee - Major Maintenance Val Vista at the Eastern Canal Drainage Vineyard FRS - Major Maintenance White Tanks 4 Outlet 15,000 White Tanks 4 Rehab 47,000 White Tanks FRS 3 Outfall Channel - Major Main 439,778 (15,235) 38,013 8,987 569,354 (569,354) 9,103 White Tanks FRS No 3 - Major Maintenance Total Flood Control 5,222 15,235 (9,103) $ 92,462,596 $ 92,462,596 $ 29,461,236 $ $ 50,000 $ 50,000 $ 58,574 $ 63,001,360 HIGHWAYS AND STREETS 111th Ave Peoria Ave to Alabama Ave 34,000 11th Ave Honda Bow to 13th Ave 2018 Local And Collectors Rehab 255 34,000 (8,574) 52,480 (18,480) 367 (367) Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2022 Budgeted Amounts Original Final Actual Variance with Amounts Final Budget HIGHWAYS AND STREETS (Cont'd) 20th St Cloud Rd to Tamar Rd 227th Ave Montgomery to Dove Valley 1,362,000 862,000 781,702 80,298 90,000 90,000 80,638 9,362 27th Ave Olney to South Mountain Dr 2,394,000 35th Ave Carver to Elliot 2,394,000 51st Ave at Olney Intersection Improvement 190,000 67th Avenue and Vineyard Rd 190,000 7th St Carefree Hwy to Blue Eagle Ln 150 (150) 2,857,614 (463,614) 110,007 (110,007) 170,268 19,732 43,321 (43,321) 31 (31) 90th Street McDowell Rd to EOM 2,198 (2,198) (2,303) 83rd Ave Broadway ADA Improvement Package 1 2,303 ADA Improvement Package 2 68 (68) ADA Improvement Package 3 169 (169) 303,314 (303,314) ADA Improvement Package 4 52,000 ARAC MR NE Arterials 52,000 ARAC MR NW SO Arterials 745,000 ARAC Overlay SO Arterials 745,000 Avondale at MC 85 Baseline Rd 67th Ave to Loop 202 Baseline Rd at Meridian Rd Intersection Signal Bell Rd Communication Enhancements 7,530 1,567 (1,567) 2,908 742,092 74 (74) 530,157 (530,157) 1,410,000 1,410,000 1,257,631 152,369 810,000 810,000 129,821 680,179 1,347,958 (1,347,958) Beloat Rd - Dean Rd to Jackrabbit Broadway 51st Ave To 7th St Broadway Rd 75Th Ave To 51St Av 411,000 Broadway Rd Bridges At Temple Canal 44,470 411,000 Bush Hwy Animal Detection 27 (27) 32,595 (32,595) 724,726 (313,726) 2,922 (2,922) (120,018) 190,000 190,000 310,018 31 (31) 35,000 35,000 35,519 (519) Camelback Rd Drain Chanl - Reems Rd to 2800' East 298 (298) Camelback Road - Village Parkway to Dysart Rd 30 Bush Hwy Cattle Guard Installation Camelback at Beardsley Canal Camelback Rd and 127th Ave Camelback Road at Perryville Road Traffic Signal 306,000 306,000 2,255,000 5,255,000 (150,000) Camelback Road at Sarival Avenue Traffic Signal Capacity Carefree and 36th St Intersection Improvement Carefree Hwy and 32nd St Intersection (30) 306,000 150,000 5,255,000 176 (176) 35,565 (35,565) 48 (48) Chandler Hts McQueen to Val Vista 35,569 (35,569) Cooper Rd Prescott Pl To Riggs Rd Improvements 657,576 (657,576) Cooper Rd Prescott Pl to Riggs Rd ROW Assistance 133,238 (133,238) Carefree Hwy Area Cotton Ln at Granite Vista Loop Intersection Impr (3,802) (13,731) 40,000 40,000 53,731 2,815 (2,815) 28,905,000 28,905,000 31,813,128 (2,908,128) Cotton Lane At Orangewood Ave Country Place and Laurelwood Park Rehab Deer Valley El Mirage To Lk P 3,802 DMIT - Dust Mitigation Elliot Rd 30th Dr to 27 Ave 55,000 55,000 DMIT-White Tanks Area 4 23,000 23,000 142,203 (119,203) Dove Valley Rd 171st Ave To 163rd Ave 98,000 98,000 64,719 33,281 256 55,000 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2022 Budgeted Amounts Original Final Actual Variance with Amounts Final Budget HIGHWAYS AND STREETS (Cont'd) Dreamland Villa Rehab 52,849 Dreamland Villa / Granite Reef Velda Rose 52,643 (52,849) (52,643) Dust Mitigation 4,442,241 (1,057,759) Dysart Ave Overpass 18,476,000 18,476,000 20,796,221 (2,320,221) Dysart Rd and Rose Ln Intersection 75,000 75,000 63,367 11,633 Eagle Eye Rd at Tiger Wash 47,000 47,000 18,943 28,057 El Mirage at Loop 303 (1,057,759) (13,611) 13,611 El Mirage Rd Indian Springs Rd to Southern Ave 290,000 290,000 331,461 (41,461) Ellsworth Rd and Pueblo Ave 140,000 140,000 113,271 26,729 Figs Springs LVR 235,000 235,000 192,902 42,098 Fort McDowell and Mohave Intersection Impr 257,200 FY19 ARAC - NE Arterials 257,200 265 (265) 14,504 242,696 Gavilan Pk Pkwy and Cloud Rd 85,000 85,000 25,178 59,822 Gavilan Pk Pkwy and King Dr 110,000 110,000 90,120 19,880 30,505 (30,505) 235,000 235,000 257,374 (22,374) 290,955 (290,955) GermannLindsay Row Assistance Gilbert Road Bridge Glendale Ave and Cotton Lane Granite Reef Dam Rd and Bush Hwy Guardrail 363 (363) High Friction Surface Trmt Pilot Project 746 (746) 9,138 (9,138) 474 (474) HIPR - McDowell Mountain Rd HIPR - New River Area Hny Highway And Old Price Road Indian Springs 143rd Dr to Dysart Streetlight 96 (96) 900,000 (900,000) Intelligent Trans Syst ITS 5 (5) Jackrabbit Trail 195th Ave and Medlock Dr 81 (81) Jackrabbit Trail Van Buren To Mcdowell 1,754 (1,754) Laveen Area 333 (333) 1,374,289 1,410,000 1,410,000 35,711 87,020 (87,020) Lower Buckeye 71st to 67th Ave 4,040,000 2,040,000 2,410,206 (370,206) MAG ALCP Projects 1,846,322 1,846,322 Mash Guardrail Evaluation - NE Area 335,000 335,000 221,392 MASH Guardrail Evaluation NW Area Ph 1 50,000 50,000 20,318 29,682 MC 85 107th Ave to 91St Ave 553,000 553,000 123,889 429,111 2,571,000 2,571,000 5,532,286 (2,961,286) Lindsay Rd Spur Rd to Layton Lakes Blvd IGA Litchfield Rd N Pkwy To Peoria MC85 91st Ave MC85 at 83rd Ctr Turn Ln Exp 1,043,000 MC85 At Verrado Way 1,043,000 1,846,322 113,608 5,161 (5,161) 588,149 454,851 McDowell Rd 195th Ave to 202nd Ave 9,860 (9,860) McDowell Rd at Jackrabbit Tr 28,040 (28,040) McDowell Rd at Jackrabbit Trail & Perryville Rd 9,731,000 McKellips Rd I10 to Alma Schl 1,731,000 49,106 (49,106) 254,431 1,476,569 Meeker Blvd and Echo Mesa Dr 45,000 45,000 49,893 (4,893) Meeker Blvd At Granite Valley Dr 117,000 117,000 182,506 (65,506) 402 (402) 100,000 100,000 55,536 44,464 1,401 (1,401) Miller Rd I10 to 1 Mi N I10 NE Locals Overlay New River Area Phase 2 257 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2022 Budgeted Amounts Original Final Actual Variance with Amounts Final Budget HIGHWAYS AND STREETS (Cont'd) No Pkwy Loop To Grand 1,288 (1,288) Northern at Citrus Rd & Cotton Ln at Maryland 56,257 (56,257) 835 (835) 1,556,000 1,556,000 495,148 1,060,852 59,000 59,000 43,900 15,100 Northern Ave SR 303 To Grand Northern Parkway Agua Fria To 99th Ave Scoping Northern Parkway Phase II 2,287,000 2,287,000 1,989,957 297,043 NPKWY EL Mirage Alt Acc 280,000 280,000 819,621 (539,621) NPKWY EL Mirage Overpass 96,000 96,000 Northern Pkwy Northern at L101 22,704 73,296 2,430,825 (2,430,825) Olive Ave Citrus to Cotton Ln 183 (183) Olive Ave Reems to Litchfield 72 (72) Olive Ave Sarival To Reems Rd 7,768 (7,768) 834,295 (834,295) Old Price Rd Riggs Rd to Bartlett Way Alignment Olive Ave Sr 303 To Sarival Ave 78,000 78,000 13,448 64,552 1,020,000 1,020,000 85,974 934,026 57,656 (57,656) Peak View Lvr 210,000 210,000 165,415 44,585 Peoria Ave Citrus Rd To Sr 303 683,000 683,000 212,990 470,010 1,103,000 1,103,000 210,563 892,437 50,000 50,000 12,292 37,708 (15,773) 15,773 Palm Lane Drainage Palo Verde Rd Bridge at RID Patton Rd at 195th Ave Pinnacle Vista Dr 40Th To 46Th St Prop Mgmt Prior Years Project Recker Rd ROW Assistance 75,000 Reems at Peoria Traffic Signal 75,000 75,000 Riggs Ellsworth To Meridian (1,318) Riggs Rd Power to Hawes (67) 67 Riggs Rd Recker to Power (175,837) 175,837 300,000 Row In Fill Road Inventory Sys 300,000 San Tan Blvd and Power Road 68,000 Skunk Creek Crossings Circle Mtn 19Th Ave 68,000 South Arterials Southern at 97th St Traffic Signal Southern Ave 41st to 39th Ave 1,318 95,566 204,434 15,248 (15,248) 45,894 22,106 85,740 (85,740) 2,000 2,000 109,540 (107,540) 1,030,000 1,030,000 362,053 667,947 293 (293) 869 4,131 Sun City A10-N83 N84 ADA Ramps 916,445 (916,445) Sun City West A9-N36 N37 Phase 1 ADA Ramps 773,167 (773,167) Sun City West A9-N36 N37 Phase 2 ADA Ramps 622,943 (622,943) Stardust Blvd Amigo Dr to Sunglow Dr 5,000 Stardust Blvd At Heritage Dr And Echo Mesa Dr 5,000 Sun City West Canal Crossing 25,000 25,000 123,984 (98,984) Sun City West unit 36 Rehab 1,082,200 1,082,200 965,574 116,626 Sun City West Units 35 38A 40 95,000 95,000 41,055 53,945 1,749,000 1,749,000 5,362,445 (3,613,445) 68,000 68,000 Sun Lakes Rehab Units 1-10 and 41 Sun Lakes Rehab Units 11-22 Sun Valley Parkway Restoration Phase 4 2,189 65,811 5,188,062 (5,188,062) System Preservation 4,463,000 13,963,000 Tonto Hills Lvr Package 1 1,048,000 548,000 542,602 5,398 Traffic Calming 100,000 100,000 4,562 95,438 Transportation System Management 800,837 7,300,837 University Dr Higley Rd To Power Rd 309,000 309,000 258 13,963,000 7,300,837 232,145 76,855 Maricopa County Schedule of Capital Projects – Budget and Actual All Capital Improvement Projects (Continued) Year Ended June 30, 2022 Budgeted Amounts Original Final Actual Variance with Amounts Final Budget HIGHWAYS AND STREETS (Cont'd) 133 (133) 45,000 45,000 75,141 (30,141) 36,088 (36,088) 6,880,000 4,380,000 1,493,944 2,886,056 86,036 (86,036) US80 At Butterfield Wash Van Buren At Jackrabbit Tr Vulture Mine US 60 to US 93 Vulture Mountain Recarea Roads White Tank Park Entrance 100,000 100,000 $ 111,355,800 $ 111,355,800 Yuma At Jackrabbit Trail Total Transportation 259 14,851 $ 99,101,535 85,149 $ 12,254,265 260 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. 263 Maricopa County Combining Statement of Net Position All Internal Service Funds June 30, 2022 Equipment Services Technology Infrastructure Sheriff Warehouse ASSETS Current assets: Cash in bank and on hand $ Cash and investments held by County Treasurer 300 $ 1,163,779 $ 10,106,103 Receivables: Accounts 10,136 Accrued interest 14,170 Inventories 1,363,350 70,711 1,016,828 54,330 Prepaids 2,537,565 10,245,314 2,961,202 47,083,741 Accumulated depreciation (2,613,166) 2,194,129 (29,156,140) Total noncurrent assets 348,036 36,402,304 2,885,601 46,647,618 1,048,771 1,048,771 1,596,382 1,596,382 Total current assets 1,016,828 Noncurrent assets: Buildings and improvements 16,280,574 Machinery and equipment Intangibles Total assets DEFERRED OUTFLOWS OF RESOURCES Deferred outflows related to pensions Total deferred outflows of resources 1,016,828 LIABILITIES Current liabilities: Accounts payable 946,064 215,859 Employee compensation payable 602,551 972,552 9,095 Accrued liabilities Due to other funds 403,212 Interest payable 13,066 Leases payable 63,152 Liability for reported but unpaid and incurred but not reported claims Total current liabilities 1,548,615 1,264,629 3,997,249 2,059,995 6,084,388 3,997,249 8,144,383 5,545,864 9,409,012 1,299,156 1,299,156 1,977,503 1,977,503 348,036 (3,258,684) (2,910,648) 36,402,304 455,181 36,857,485 412,307 Noncurrent liabilities: Liability for reported but unpaid and incurred but not reported claims Leases payable Net pension liability Total noncurrent liabilities Total liabilities DEFERRED INFLOWS OF RESOURCES Deferred inflows related to pensions Total deferred inflows of resources 412,307 NET POSITION Net investment in capital assets Unrestricted (deficit) $ Total net position (deficit) 264 $ $ 604,521 604,521 Risk Management $ 100 Benefits Trust $ 5,227,986 9,380 5,615,953 Total $ 5,616,353 89,726,126 106,223,994 4,052,190 4,062,326 142,531 166,081 5,453,625 751,354 2,450,889 6,259,309 10,691,091 100,288,154 124,778,952 92,950 6,135 50,144,028 (91,267) (6,135) 2,194,129 (31,866,708) 16,280,574 1,683 36,752,023 10,692,774 100,288,154 161,530,975 514,957 514,957 360,769 360,769 3,520,879 3,520,879 1,475,755 344,096 1,879,235 4,526,008 226,209 2,145,408 5,388,737 5,388,737 403,212 13,066 19,260,000 15,438,094 63,152 34,698,094 21,079,851 22,932,275 47,237,677 60,638,171 60,638,171 1,962,180 1,375,024 2,059,995 13,418,841 62,600,351 1,375,024 76,117,007 83,680,202 24,307,299 123,354,684 637,734 637,734 446,900 446,900 4,361,293 4,361,293 1,683 (73,111,888) 75,894,724 36,752,023 583,854 $ (73,110,205) $ 75,894,724 $ 37,335,877 265 Maricopa County Combining Statement of Revenues, Expenses, and Changes in Net Position All Internal Service Funds Year Ended June 30, 2022 Equipment Services Sheriff Warehouse Telecom OPERATING REVENUES Charges for services $ 19,179,850 42,176 Miscellaneous Total operating revenues $ 33,801,711 841,277 19,222,026 34,642,988 9,458,186 $ 2,993,972 2,139 2,996,111 OPERATING EXPENSES Personal services 5,066,733 Supplies 10,367,143 646,961 Other services 1,612,447 12,488,383 2,993,005 Legal Insurance and claims 2,000 Leases and rentals 14,544 78,517 Repairs and maintenance 1,546,405 27,456 Travel and transportation 22,614 67,248 Utilities 99,524 98,295 11,175,952 12,206,178 Depreciation Total operating expenses 18,829,705 46,148,881 2,993,005 Operating income (loss) 392,321 (11,505,893) 3,106 Investment income (948) (229,983) Interest expense Gain (loss) on disposal of capital assets 3,006 (81,715) (195,363) 2,058 (507,061) 394,379 (12,012,954) NONOPERATING REVENUES (EXPENSES) Total nonoperating revenues (expenses) Income (loss) before contributions and transfers 3,106 8,437,337 Capital contributions Change in net position 394,379 (3,575,617) 3,106 Total net position (deficit), July 1, 2021 (3,305,027) 40,433,102 601,415 Total net position (deficit), June 30, 2022 $ (2,910,648) 266 $ 36,857,485 $ 604,521 Employee Risk Management $ 41,472,452 683,764 Benefits Trust $ Total 200,144,777 223,658 $ 297,592,762 1,793,014 42,156,216 200,368,435 299,385,776 2,333,197 1,927,160 18,785,276 232,040 36,893 14,276,042 3,368,771 9,937,533 27,407,134 36,529,243 168,334,696 204,865,939 5,810 34,653 133,524 6,113 1,579,974 3,042,512 3,042,512 12,568 23 102,453 11,275,476 12,307,982 3,509 45,527,650 180,277,071 293,776,312 (3,371,434) 20,091,364 5,609,464 (125,035) (2,202,360) (2,558,326) (81,715) (192,357) (125,035) (2,202,360) (2,832,398) (3,496,469) 17,889,004 2,777,066 (3,496,469) 17,889,004 11,214,403 (69,613,736) 58,005,720 26,121,474 8,437,337 $ (73,110,205) $ 75,894,724 $ 37,335,877 267 Maricopa County Combining Statement of Cash Flows All Internal Service Funds Year Ended June 30, 2022 Equipment Sheriff 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 $ 19,037,380 Telecom $ 150,079 Net cash provided by (used for) operating activities 33,784,608 Warehouse $ 2,993,972 17,103 42,176 841,277 2,139 (13,913,125) (5,060,096) (24,621,303) (9,111,494) (2,648,227) 256,414 910,191 347,884 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Loan repaid to General Fund Net cash used for noncapital financing activities (347,884) (347,884) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Acquisition of capital assets (12,914) Proceeds from disposal of assets (54,907) 3,006 Principal paid on lease debt (70,982) Interest paid on lease debt Net cash used for capital and related financing activities (9,908) (68,649) (194,538) (948) (948) (227,677) (227,677) 245,558 487,976 CASH FLOWS FROM INVESTING ACTIVITIES Interest and dividends Net cash used for investing activities Net increase (decrease) in cash and cash equivalents 9,618,127 918,521 Cash and cash equivalents, July 1, 2021 $ Cash and cash equivalents, June 30, 2022 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/Amortization 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 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 Capital assets transferred from governmental funds Accumulated depreciation capital assets transferred to governmental fund Loss on disposal of capital assets transferred to governmental funds Capital asset additions expensed in governmental funds Capital contributions on capital assets expensed in governmental funds Accrued interest payable on leases Interest expense on leases 268 1,164,079 $ 10,106,103 $ 392,321 $ (11,505,893) $ 98,295 3,106 12,206,178 7,609 (481,657) (26,548) 341,482 140,492 (47,783) (144,863) 233,209 (250,730) 46,653 98,649 (1,222,018) (1,484,003) 1,229,785 3,296 1,876,909 $ 256,414 $ 910,191 $ $ (74,890) $ (492,566) $ (74,890) 492,566 (252,597) 57,234 195,363 8,437,337 (8,437,337) (13,066) 13,066 347,884 $ Risk Employee Benefits Management Trust 41,472,452 $ Total 173,602,330 $ 26,305,489 270,890,742 26,472,671 683,764 223,658 1,793,014 (40,877,425) (2,422,855) (179,228,368) (1,843,642) (261,288,448) (18,438,087) (1,144,064) 19,059,467 19,429,892 (347,884) (347,884) (67,821) (70,982) (68,649) 3,006 (204,446) (119,606) (119,606) (2,199,446) (2,199,446) (2,547,677) (2,547,677) (1,263,670) 16,860,021 16,329,885 6,491,756 78,482,058 95,510,462 $ 5,228,086 $ 95,342,079 $ 111,840,347 $ (3,371,434) $ 20,091,364 $ 5,609,464 3,509 12,307,982 2,095,674 2,095,674 (236,958) (229,349) 742,810 (962,485) (241,666) (166,723) (1,845,787) (8,149) (40,871) 708,632 (190,004) 504,403 (4,742) (7,379) 133,181 (679,391) (292,962) (3,678,374) (159,979) (159,979) (1,271,284) 424,730 83,716 4,134,048 1,355,000 602,624 $ $ (1,144,064) $ $ 19,059,467 $ 19,429,892 $ (567,456) 567,456 (252,597) 57,234 195,363 8,437,337 (8,437,337) (13,066) 13,066 269 270 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. 273 Maricopa County Combining Statement of Fiduciary Net Position Custodial Funds June 30, 2022 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 4,524,417,611 Property tax receivable for other governments Interest receivable Total assets 8,147,109 $ 4,532,564,720 $ $ 31,270,191 86,314,083 $ 278,275,610 86,314,083 153,711,154 184,981,345 38,210 $ 240,063,447 247,005,419 38,210 $ 518,339,057 247,005,419 $ $ Liabilities Property tax payable to other governments Total liabilities 31,270,191 31,270,191 31,270,191 31,270,191 Net position Restricted for: Pool participants Individuals, organizations, and other governments Total net position 4,532,564,720 247,005,419 $ 4,532,564,720 $ $ 247,005,419 274 $ 240,063,447 487,068,866 240,063,447 $ 487,068,866 Maricopa County Combining Statement of Changes in Fiduciary Net Position Custodial Funds Year Ended June 30, 2022 Other Individual Investment Account External Investment Pool Property Tax Collections Special Purpose Total Other Additions: Contributions from pool participants $10,380,137,969 $ $ Property tax collections for other governments $ $ 5,095,849,342 5,095,849,342 Fine, fees, and forfeitures collected for other governments 151,153,660 151,153,660 Other 23,396,860 23,396,860 341,611 341,611 341,611 341,611 174,892,131 5,270,741,473 Investment earnings: Interest and dividends Net increase (decrease) in fair value of investments Total investment earnings Total additions 31,977,499 (158,006,441) (126,028,942) 10,254,109,027 5,095,849,342 Deductions Distributions to pool participants 9,500,324,138 Distributions to other governments 740,907,624 Property tax distributions to other governments Fines, fees, and forfeitures distributed to other governments 740,907,624 5,092,977,541 Other 5,092,977,541 111,019,016 111,019,016 7,667,381 7,667,381 9,500,324,138 740,907,624 5,092,977,541 118,686,397 5,952,571,562 753,784,889 (740,907,624) 2,871,801 56,205,734 (681,830,089) Net position, July 1, 2021 3,778,779,831 740,907,624 244,133,618 183,857,713 1,168,898,955 Net position, June 30, 2022 $ 4,532,564,720 $ 247,005,419 $ 240,063,447 Total deductions Net increase (decrease) in fiduciary net position $ 275 $ 487,068,866 276 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. 280 Net Position by Component Changes in Net Position Fund Balances, Governmental Funds Changes in Fund Balances, Governmental Funds Revenue Capacity 286 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 291 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 294 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 296 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 279 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) 2012-13 2013-14 2014-15 2015-16 2016-17 $ 3,358,835,597 $ 3,423,302,960 $ 3,290,683,747 $ 3,344,675,215 $ 3,398,536,569 616,966,709 680,694,942 $ 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 $ 3,140,053,980 706,572,442 (941,448,887) $ 3,163,660,124 $ 25,668,674 $ 26,261,574 $ 54,519,520 $ 2,199,816 4,057,242 31,925,732 $ 1,335,851 (90,428) 27,506,997 $ 7,091,488 (7,240,598) 54,370,410 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 $ 3,358,835,597 $ 3,448,971,634 $ 3,316,945,321 $ 3,367,162,620 $ 3,453,056,089 Restricted 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) $ 3,171,458,702 713,663,930 (948,689,485) $ 3,218,030,534 2017-18 2018-19 2019-20 2020-21 2021-22 Net investment in capital assets $ 3,540,327,347 $ 3,775,784,925 $ 3,808,175,194 $ 3,881,634,459 $ 3,953,647,970 Restricted 657,310,403 (1,184,406,509) $ 3,013,231,241 529,365,206 (887,071,085) $ 3,418,079,046 588,854,025 648,776,170 701,204,479 (718,666,721) (497,030,965) (109,817,297) $ 3,678,362,498 $ 4,033,379,664 $ 4,545,035,152 $ 72,367,100 $ 69,913,021 $ 79,796,197 $ 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 $ 3,612,694,447 $ 3,845,697,946 $ 3,887,971,391 Restricted 662,252,576 (1,188,781,215) $ 3,086,165,808 535,852,611 (889,051,315) $ 3,492,499,242 594,553,682 648,776,170 701,204,479 (719,229,338) (497,030,965) (109,817,297) $ 3,763,295,735 $ 4,033,379,664 $ 4,545,035,152 Unrestricted Total primary government net position (2) (1) (2) $ 3,881,634,459 $ 3,953,647,970 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. 280 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 Total business-type program revenues Total primary gov’t program revenues 2017-18 2018-19 2019-20 2020-21 2021-22 $ 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 $ 282,490,554 1,189,756,597 121,359,034 855,376,167 57,100,027 22,917,773 5,230,128 2,001,208,214 2,051,774,771 2,322,183,289 1,867,780,195 2,198,621,506 2,563,125,904 2,534,230,280 22,170,085 21,540,873 26,543,652 29,808,837 28,013,475 29,808,837 28,013,475 2012-13 2013-14 2014-15 2015-16 $ 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 1,702,984,888 1,791,288,195 2,094,900,416 25,070,360 23,483,448 2016-17 25,070,360 23,483,448 22,170,085 21,540,873 26,543,652 $ 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 $2,534,230,280 $ $ $ $ $ $ $ $ 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 $ 581,247,951 24,448,700 140,384,054 15,534,823 51,138,425 14,943,535 465,823 259,112,950 49,569,607 555,597,917 21,160,957 140,199,614 12,462,039 53,105,959 15,778,337 1,536,658 280,244,440 31,634,976 556,122,980 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 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 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 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 $ 51,880,544 140,595,616 21,907,005 55,927,380 17,250,204 469,269 374,699,238 29,527,666 692,256,922 6,741,213 15,529,154 1,440,065 5,717,592 16,300,111 337,818 4,656,105 17,062,511 280,121 3,080,820 17,720,704 23,354,184 5,432,500 18,735,718 20,696,076 6,117,889 20,857,185 3,945,673 6,531,775 17,754,740 12,375,329 23,710,432 $ 579,308,349 22,355,521 $ 578,478,501 21,998,737 $ 627,264,591 44,155,708 $ 654,587,138 44,864,294 $ 660,078,109 30,920,747 $ 611,506,848 36,661,844 $ 728,918,766 281 $ 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 $ 975,841,473 72,486,783 138,346,450 25,210,662 67,204,222 19,280,449 819,385 632,094,057 24,506,537 979,948,545 $ 979,948,545 Maricopa County Changes in Net Position (Continued) 2012-13 2013-14 $(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) $(1,554,281,735) $(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) $(1,554,281,735) $ $ $ $ 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Net (Expense)/Revenue Governmental activities 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 $ 447,135,707 $ 429,235,095 460,057,355 $ 492,533,082 $ 528,258,272 53,647,040 Property taxes, levied for Street Light District 16,971,693 5,026,752 39,287,012 43,266,625 49,311,618 58,160,420 62,216,487 65,992,307 70,471,344 75,320,159 80,260,117 14,246,516 6,070,638 19,677,385 6,014,834 19,624,840 4,651,612 20,361,928 4,802,705 21,525,613 5,488,949 22,817,801 5,806,391 24,236,319 25,710,591 27,508,646 Unrestricted share of state sales taxes 5,694,636 4,357,486 4,467,376 418,642,153 447,541,942 476,452,381 497,359,100 520,259,714 552,699,587 589,779,232 622,830,699 727,604,497 866,717,711 Sales tax – Jail construction & operation 124,595,909 133,929,831 140,492,834 146,246,549 152,780,682 161,856,282 172,789,542 182,556,542 210,484,572 249,052,141 5,217,452 5,394,707 4,915,704 4,772,596 4,740,138 5,973,721 6,003,193 4,882,593 3,842,556 6,558,390 118,202,382 126,137,174 135,043,057 146,241,079 152,286,541 162,544,146 172,111,273 173,793,081 197,558,288 194,915,156 Grants and contributions not restricted to specific programs 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 3,625,878 Unrestricted investment earnings 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 (104,256,572) Miscellaneous 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 54,877,375 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 2,065,937,223 14,229 293,214 Property taxes, levied for Library District Surcharge tax – Stadium District Unrestr. share of state vehicle lic. tax 555,750,125 $ 593,694,954 627,273,672 667,714,689 $ 682,211,005 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 $ 1,216,414,319 $ 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 $ 2,065,937,223 $ $ (231,585,878) $ $ $ 355,017,166 $ 511,655,488 $ 355,017,166 $ 511,655,488 Total business-type activities Total primary government 617,923 Change in Net Position Governmental activities 94,677,382 $ Total primary government (4,547,098) (1,195,483) Business-type activities (1) $ 94,677,382 $ (5,742,581) (3) (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) $ 406,333,434 262,669,841 10,513,041 $ 273,182,882 For fiscal years 2011 through 2013 and fiscal year 2021, the County did not have any business-type activities. 282 Maricopa County Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2013-14 2012-13 2015-16 2014-15 2016-17 General Fund Nonspendable $ 19,144,202 $ 19,770,325 230,066,825 28,619,600 $ 277,830,627 $ $ $ $ 13,987,368 82,953,184 16,042,494 116,401,095 $ 133,944,163 14,096,188 162,027,719 $ 4,897,508 $ 4,219,798 $ $ 17,405,417 113,712,308 7,490,426 140,973,059 $ 2,287,114 $ $ 9,160,980 Restricted Committed Assigned Unassigned Total general fund 134,647,118 37,200,522 181,008,620 All Other Governmental Fund Nonspendable 2,451,776 4,674,317 Restricted 615,289,987 541,960,456 660,382,287 589,023,438 604,371,629 Committed 470,044,802 554,526,504 591,699,861 573,918,793 523,158,485 (7,751,843) $1,080,034,722 (2,385,853) $ 1,096,388,221 (5,105,739) $ 1,251,873,917 (7,626,568) (25,927,760) $ 1,159,535,461 $ 1,106,276,671 2017-18 2018-19 2020-21 2021-22 Assigned Unassigned Total all other governmental funds (a) Fiscal Year 2019-20 General Fund Nonspendable $ 3,117,940 $ 2,900,922 $ 3,586,438 184,441,837 32,584,403 $ 220,144,180 $ $ $ $ 3,414,556 211,707,531 25,752,261 240,360,714 $ 3,440,019 $ $ 4,567,866 166,454,076 133,527,954 303,568,468 $ 440,118,199 177,293,640 620,826,395 683,820,008 22,775,281 $ 711,163,155 5,565,851 $ 10,303,661 $ Restricted Committed Assigned Unassigned Total general fund All Other Governmental Funds Nonspendable 3,525,455 9,964,822 Restricted 635,874,336 545,448,438 673,961,703 680,442,244 1,199,101,971 Committed 463,839,100 553,189,236 641,767,542 637,940,735 886,672,204 (11,300,036) $1,091,938,855 (9,003,731) $ 1,093,073,962 (10,054,016) $ 1,311,241,080 (37,222,004) $ 1,291,464,636 (56,967,390) $ 2,038,771,607 Assigned Unassigned Total all other governmental funds (a) (a) This schedule was not adjusted for the fiscal year 2013, 2014, and 2016 restatements to fund balance. 283 Maricopa County Changes in Fund Balances, Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) Fiscal Year 2012-13 2013-14 2014-15 2015-16 Revenues Taxes $ 642,325,131 $ 615,127,234 $ 658,661,300 $ 700,515,589 Licenses and permits 43,803,739 44,295,063 46,201,667 48,262,561 Intergovernmental 870,032,708 879,890,750 918,331,602 981,754,741 Charges for services 170,891,803 158,418,054 159,083,257 168,530,522 Fines and forfeits 30,760,368 28,981,715 25,235,245 25,493,837 Special assessments 5,068,492 6,070,638 6,014,834 4,651,612 Interest income Miscellaneous 6,264,554 28,665,945 1,028,984 16,886,275 6,074,604 16,239,536 8,430,222 14,674,505 Total revenues 1,797,812,740 1,750,698,713 1,835,842,045 1,952,313,589 Expenditures General government 151,832,578 135,670,741 149,081,146 150,486,509 Public safety 871,928,815 960,017,951 1,005,051,315 1,028,863,167 Highways and streets 48,459,526 51,635,626 54,006,764 53,598,284 Health, welfare and sanitation 425,526,752 400,282,296 404,729,045 420,071,249 Culture and recreation 33,003,716 36,936,932 36,529,631 39,798,518 Education 18,255,308 26,506,855 28,096,030 30,097,656 Principal 15,290,371 20,742,071 17,866,397 11,306,342 Interest 5,844,641 5,391,181 4,726,682 13,032,602 Other 132,718 1,250 1,215,938 26,350 Debt service Payment to escrow agent Capital outlay Total expenditures 6,381,485 251,067,940 228,759,097 213,487,827 236,196,502 1,827,723,850 1,865,944,000 1,914,790,775 1,983,477,179 (29,911,110) (115,245,287) (78,948,730) (31,163,590) Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in 483,487,756 516,830,224 379,355,888 400,522,300 Transfers out (520,550,878) (521,296,732) (379,281,420) (400,522,300) 8,329,091 13,886,373 Financed purchase agreements Proceeds from bond issuance 25,140,000 185,580,000 Premium on refunding bonds 15,633,417 Payment to escrow agent (24,997,819) (29,910,000) Lease agreements (36,920,941) Total other financing sources (uses) Net change in fund balances $ (66,832,051) (4,466,508) $ (119,711,795) 209,616,976 $ 130,668,246 (16,023,627) $ (47,187,217) Debt service as a percentage of noncapital expenditures 1.3%(a) 1.6% (a) Data was adjusted in fiscal year 2021. 284 1.3%(a) 1.4% Fiscal Year 2016-17 $ 750,405,039 2017-18 $ 795,277,329 2018-19 $ 2019-20 847,090,715 $ 892,237,482 2021-2022 2020-21 $ 970,262,622 $ 1,031,994,962 48,700,983 49,810,802 50,182,867 49,279,753 55,560,181 57,136,064 998,720,971 1,055,046,783 1,099,920,175 1,213,427,734 1,592,630,744 1,715,223,820 185,427,699 179,472,435 179,199,628 201,807,783 203,773,234 205,379,066 26,310,542 24,538,265 22,608,121 18,393,799 17,345,362 17,380,120 4,802,705 5,696,239 5,806,391 5,694,636 4,357,486 4,467,376 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 (100,600,902) 59,048,066 2,063,375,570 2,136,247,259 2,266,611,132 2,444,742,135 2,872,017,676 2,990,028,572 166,780,945 158,063,474 164,077,141 175,916,391 191,883,280 228,140,297 1,052,402,924 1,009,352,169 1,067,426,744 1,017,005,967 1,052,776,254 1,197,746,043 60,715,322 68,695,845 72,644,031 83,928,382 82,383,930 85,331,611 418,692,520 512,762,868 529,466,214 636,348,147 906,765,536 847,351,130 36,493,895 38,469,355 42,687,958 42,841,396 46,307,685 47,614,333 32,585,868 32,652,609 26,180,509 24,643,209 23,969,852 22,588,267 159,062,866 128,699,375 27,414,666 66,450,775 64,541,059 95,530,556 10,201,276 6,683,405 5,159,606 6,775,142 7,846,000 6,385,861 182,229 776,046 2,970 825,546 1,133,346 208,901,034 270,958,232 304,754,331 267,678,531 229,712,036 287,005,911 2,146,018,879 2,227,113,378 2,239,814,170 2,322,413,486 2,606,185,632 2,818,827,355 (82,643,309) (90,866,119) 26,796,962 122,328,649 265,832,044 171,201,217 514,645,299 653,076,678 506,382,572 596,002,917 508,931,067 940,081,573 (514,576,467) (653,117,823) (511,525,439) (601,002,917) (508,931,067) (940,081,573) 27,083,511 3,404,460 126,974 20,397,791 44,460,000 106,295,000 133,440,000 10,119,673 7,397,084 11,807,957 643,635,000 10,185,086 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% 156,234,875 $ 278,563,524 3.4%(a) 285 27,083,511 $ 292,915,555 3.0% 665,628,043 $ 836,829,260 4.0% 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 2012-13 512,511,770 418,642,153 127,115,879 86,815,139 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 2021-22 776,384,431 866,717,711 209,460,690 132,192,701 0 51.5% 107.0% 64.8% 52.3% 41 Change 2013-22 Rental Fiscal Year Car Surcharge -100.0% Street Jail Tax Lighting Assessments Total Revenues 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 2021-22 6,558,390 249,052,141 4,467,376 2,244,833,440 25.7% 99.9% Change 2013-22 -11.9% 75.4% 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. 286 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 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% 2021-22 47,172,987 1,551,139 48,724,126 1.5807 478,005,576 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 287 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 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 2021-22 1.3459 0.0000 0.1792 0.0556 1.5807 Overlapping Rates Central Arizona State Fiscal Year Water Other Community of Arizona Education Equalization Conservation District Special Districts College District School Districts Cities 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 2021-22 0.0000 0.4263 0.1400 0 - 4.8421 1.2257 1.0905 - 9.5191 0 - Source: Maricopa County Office of Budget and Finance All tax rates are per $100 assessed valuation. 288 3.3906 Maricopa County Principal Property Taxpayers Current Year and Nine Years Ago 2021-22 2012-13 Percentage of Percentage of Total County Taxpayer Secondary Valuation Rank Assessed Value Total County Secondary Valuation Rank Assessed Value 3.16% ARIZONA PUBLIC SERVICE COMPANY 1,361,636,759 1 2.02% 1,085,693,628 1 SOUTHWEST GAS CORPORATION (T&D) 235,901,537 2 0.35% 148,277,858 4 0.43% SOUTHERN CALIFORNIA EDISON CO (T&D) 114,904,740 3 0.17% 145,171,831 5 0.42% EL PASO ELECTRIC CO (T&D) 101,723,845 4 0.15% 126,581,044 6 0.37% QWEST CORPORATION 98,691,539 5 0.15% 212,962,749 2 0.62% TARGET CORPORATION 76,157,596 6 0.11% 62,131,186 13 0.18% VERIZON WIRELESS 67,523,663 7 0.10% 72,168,016 11 0.21% WAL-MART STORES INC 65,551,788 8 0.10% 90,562,222 7 0.26% 0.50% INTEL CORPORATION 62,575,230 9 0.09% 170,636,337 3 SMITHS FOOD & DRUG CENTERS INC 62,093,436 10 0.09% 42,116,724.00 16 0.12% PUBLIC SERVICE COMPANY OF NEW MEXICO (T& 61,544,393 11 0.09% 74,749,614 10 0.22% 40,531,747 17 0.12% BANNER HEALTH SYSTEM 54,220,758 12 0.08% HOST KIERLAND LP 47,654,511 13 0.07% ARIZONA SOLAR ONE LLC 47,107,080 14 0.07% ESPLANADE OWNER LP 45,702,198 15 0.07% ARIZONA PUBLIC SERVICE COMPANY (CWIP) 45,046,417 16 0.07% UNION PACIFIC RAILROAD 41,921,720 17 0.06% UNISOURCE ENERGY CORPORATION 37,536,813 18 0.06% SOUTHRN CAL PUBLIC PWR AUTH (PALO VERDE 35,631,194 19 0.05% 50,471,353 14 0.15% MESQUITE POWER LLC 33,824,880 20 0.05% 85,000,000 8 0.25% GILA RIVER POWER, LP 82,204,800 9 0.24% NEW HARQUAHALA GENERATING CO, LLC 65,000,000 12 0.19% SCOTTSDALE FASHION SQUARE LLC 45,006,560 15 0.13% A T & T PROPERTY TAX 40,221,584 18 0.12% SAFEWAY INC 34590780 19 0.10% CITY OF LOS ANGELES DEPT OF WTR & PWR (T 30,975,082 20 0.09% Total Principal Taxpayers $ 2,696,950,097 Countywide Secondary Valuation $ 67,535,008,138 Source: Maricopa County Assessor’s Office. 289 5.23% $ $2,705,053,115 $ 38,760,296,714 7.86% 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 2012-13 496,621,093 483,768,161 97.41 7,568,255 491,336,416 98.94 2013-14 463,734,687 454,630,238 98.04 5,717,417 460,347,655 99.27 2014-15 505,927,593 495,964,759 98.03 5,079,682 501,044,441 99.03 2015-16 539,956,426 532,594,860 98.64 5,044,264 537,639,124 99.57 2016-17 584,777,057 574,861,219 98.30 5,869,243 580,730,462 99.31 2017-18 619,337,610 608,182,650 98.20 6,809,528 614,992,178 99.30 2018-19 655,074,951 645,049,237 98.47 5,679,211 650,728,448 99.34 2019-20 700,013,306 682,188,952 97.45 11,533,231 693,722,183 99.10 2020-21 741,108,549 730,179,122 98.53 8,864,133 739,043,255 99.72 2021-22 763,298,461 751,571,044 98.46 751,571,044 98.46 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 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 2021-22 655,778,021 80,429,826 27,090,614 763,298,461 Source: Maricopa County Office of Budget and Finance 290 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) 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 120,350,000 108,975,000 97,135,000 54,755,000 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 Financed Purchases 64,679 49,465 44,727 22,913 14,464 6,813 706,020 559,708 16,046,812 10,809,836 5,211,138 9,650,549 8,042,124 12,555,424 7,886,137 3,216,849 185,580,000 185,580,000 230,040,000 239,530,000 122,185,000 236,125,000 170,870,000 249,525,000 8,329,091 17,981,211 11,429,438 3,689,687 1,581,834 20,783,850 47,481,302 38,891,468 5,706,857 Business-Type Activities Fiscal Year Ended June 30, 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Pledged Revenue Obligations Housing Authority Debt (e) 3,609,943 6,373,931 6,432,523 6,325,996 27,855,398 26,099,216 30,216,072 35,224,245 500,825,000 Total Percentage Primary of Assessed Government (c)(d) Property Value (a) Per Capita (b) 0.44% 0.42% 0.94% 0.83% 0.79% 0.74% 0.40% 0.71% 0.49% 1.63% 38.86 34.28 81.10 69.39 67.05 65.99 37.11 69.76(1) 50.20 175.81 152,877,499 135,218,104 329,578,153 288,159,956 283,830,438 284,776,265 162,025,030 304,688,519 226,237,439 792,458,317 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. 291 Maricopa County Legal Debt Margin Information Last Ten Fiscal Years Fiscal Year Debt limit 2012-13 2013-14 2014-15 2015-16 2016-17 $ 5,160,068,357 $4,834,351,022 $5,261,946,989 $5,193,550,548 $5,420,324,171 $ 5,160,068,357 $4,834,351,022 $5,261,946,989 $5,193,550,548 $5,420,324,171 0% 0% 0% 0% 0% 2017-18 2018-19 2019-20 2020-21 2021-22 $5,737,783,687 $6,063,484,863 $6,479,148,959 $ 6,855,745,472 $ 10,130,251,221 $5,737,783,687 $6,063,484,863 $6,479,148,959 $ 6,855,745,472 $ 10,130,251,221 0% 0% 0% 0% 0% Total net general obligation debt Legal debt margin Total net debt applicable to the limit as a percentage of debt limit Fiscal Year Debt limit Total net general obligation debt Legal debt margin Total net debt applicable to the limit as a percentage of debt limit Legal Debt Margin Calculation for Fiscal Year 2021-22 Full Cash Value Net Assessed Debt limit (15% of assessed value) $ 67,535,008,138 10,130,251,221 Debt applicable to limit: General obligation bonds Total net debt applicable to limit Legal debt margin $ 10,130,251,221 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. 292 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 2012-13 5,183,923 4,360,173 3,900,000 610,378 2013-14 5,394,706 4,401,308 8,886,857 512,882 4,510,378 115% 97% 9,399,739 57% 2014-15 3,564,657 4,275,019 3,250,000 47% 440,946 3,690,946 97% 116% 2015-16 3,495,100 4,078,741 2016-17 3,786,822 4,169,995 3,325,000 366,378 3,691,378 95% 110% 3,405,000 290,568 3,695,568 102% 113% 2017-18 4,207,945 2018-19 1,266,621 4,685,006 3,480,000 212,934 3,692,934 114% 127% 16,417 5,800,000 0 135,210 5,935,210 21% 0% 2019-20 1,449 0 2020-21 0 2021-22 0 0 0 0 0 0% 0% 0 0 0 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 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% 2021-22 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. 293 Maricopa County Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Year 2012-13 2013-14 2014-15 2015-16 2016-17 Unemployment Rate (June 30) County 7.1% 6.4% 5.3% 5.3% 4.50% State 8.0% 6.9% 5.9% 5.8% 5.10% United States 7.6% 6.1% 5.3% 4.9% 4.40% 175,437,829 $ 185,111,698$ 196,779,825 4,063,700 4,152,800 4,233,300 Population/Income Statistics Income (in thousands) $ Population Per Capita 160,497,824 (2) $ 3,933,712 $ 40,801 (2) $ 167,439,604 (2) $ 3,944,859 42,445 (2) $ 43,172 $ 44,575$ 46,484 Fiscal Year 2017-18 2018-19 2019-20 2020-21 2021-22 County 4.10% 4.50% 10.30% (3) 6.60% 3.30% State 4.70% 4.90% 10.80% (3) 7.30% 3.30% United States 4.00% 3.70% 11.10% (3) 5.90% 3.60% 209,719,687 223,097,349 245,077,753 249,677,860 268,713,717 4,315,600 4,366,583 4,436,908 (3) 4,506,505 4,507,419 48,596 51,092 55,236 56,255 59,759 Unemployment Rate (June 30) Population/Income Statistics Income (in thousands) $ Population Per Capita $ 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. 294 Maricopa County Principal Employers Current Year and Nine Years Ago 2013 2022 Percentage of Employer Employees Rank Total County Employment Percentage of Rank Total County Employment 25,126 3 1.42% 2.94% Employees Banner Health 41,435 1 1.79% Amazon.com 40,000 2 1.73% State of Arizona 39,172 3 1.69% 52,076 1 Walmart 38,309 4 1.65% 31,837 2 1.80% Arizona State University 34,421 5 1.49% 12,222 8 0.69% Fry's Food Stores 21,012 6 0.91% University of Arizona 19,823 7 0.86% 0.71% Dignity Health Arizona 16,525 8 City of Phoenix 15,645 9 0.68% 14,983 4 0.84% Wells Fargo 15,500 10 0.67% 13,679 5 0.77% Maricopa County 13,308 6 0.75% Intel Corporation 11,000 10 0.62% Bank of America 12,500 7 0.70% JPMorgan Chase & Co. 11,407 9 0.64% Total for Principal Employers Total Employment in Maricopa County 281,842 12.18% 2,314,882 1,733,535 As of June 30 Source: 198,138 The Phoenix Business Journal, Book of Lists. Arizona’s Economy – www.azeconomy.org 295 11.17% Maricopa County Budgeted Full-time Equivalent County Employees by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 General Government Board of Supervisors 27 27 27 28 28 28 27 27 29 28 Call Center 27 27 27 27 27 22 20 20 20 20 County Assessor 324 320 322 315 311 310 296 296 296 296 County Manager 26 18 18 18 17 21 31 34 27 17 Elections 52 52 52 52 52 28 31 29 57 56 Facilities Management 125 136 137 165 239 136 137 136 141 141 Finance 44 35 39 39 38 37 39 39 33 47 Workforce Management & Development 116 46 46 46 46 47 77 104 101 102 Enterprise Technology 165 169 202 216 214 215 217 217 205 205 Internal Audit 19 19 18 18 18 18 19 19 20 20 Management and Budget 31 19 18 19 19 16 16 15 15 - Materials Management 39 39 37 40 37 27 27 27 26 26 Other General Government 95 89 90 85 86 87 90 91 91 88 Recorder 62 62 56 56 56 87 86 89 96 101 70 68 Employee Health Initiatives 28 26 28 28 25 25 Treasurer 55 53 55 55 57 64 59 70 0 Deputy County Manager 13 12 12 11 0 0 0 Assistant County Manager 12 11 9 9 9 9 5 3 12 30 32 32 32 35 Real Estate 0 Public Safety Adult Probation 1,071 1,100 1,117 1,143 1,164 1,200 1,197 1,201 1,192 1,167 Clerk of Superior Court 671 675 683 680 689 695 692 686 670 674 Constables 36 36 36 36 37 37 37 37 37 37 County Attorney 945 936 946 984 999 1,022 1,020 1,059 1,051 1,056 Court System 2,490 41 196 648 88 105 48 3,879 14 3 2,505 41 200 637 88 102 49 3,974 4 4 2,535 429 439 437 41 41 42 44 48 48 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 2,248 2,271 2,335 2,387 2,431 2,459 Emergency Management 14 15 15 17 16 36 Flood Control 254 252 228 187 186 188 Juvenile Probation 708 693 689 703 674 659 Medical Examiner 86 87 88 88 94 100 Planning & Development 113 77 85 80 85 88 Public Fiduciary Sheriff 44 202 602 94 113 51 3,986 4 9 Highways and Streets Transportation 417 Health, Welfare and Sanitation Air Quality 141 141 142 145 14 150 154 156 155 Animal Control 165 165 170 169 174 185 188 179 183 176 Correctional Health 474 477 464 475 482 486 484 491 502 500 Environmental Services 286 293 290 288 281 279 297 295 293 294 Human Services Other Health, Welfare and Sanitation 380 364 372 399 545 358 369 343 340 385 10 11 11 11 12 12 Public Health 602 613 625 633 622 618 547 523 552 585 Waste Resources and Recycling Mgmt 28 23 23 22 22 22 2 2 2 Assistant County Manager 143 Culture and Recreation Library District 171 165 165 164 165 168 168 168 179 186 Parks and Recreation 84 83 81 78 82 82 91 94 96 96 Stadium District 5 5 5 5 5 5 1 111 134 152 145 102 121 90 86 84 86 14,531 14,648 14,516 14,427 14,507 14,640 14,736 Education Education Service 13,898 13,970 14,316 Source: Maricopa County Adopted Budgets 296 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) 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 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 1,682,201 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 2,656,320 308,268 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 24,315 248,048 24,489,543 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 25,571 13,743 0 0 0 165 0 N/A (2) N/A (2) N/A (2) N/A (2) N/A (2) 673 697 23 19 82 N/A (2) N/A (2) N/A (2) N/A (2) N/A (2) 59 105 6 0 3,632 N/A (2) N/A (2) N/A (2) N/A (2) N/A (2) 128 142 119 53 125 N/A (2) N/A (2) N/A (2) N/A (2) N/A (2) 335,860 262,024 311,187 263,639 268,025 286,792 285,201 250,412 211,967 223,318 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 2,870 76 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 1,057,472 607,758 7,270 6,711 6,186 5,235 5,223 5,195 4,887 4,335 2,415 2,394 15 14 15 18 19 22 24 28 29 31 193,980 196,067 185,887 182,632 184,793 181,338 183,742 167,054 155,607 152,375 270,266 132,330 257,152 127,417 288,837 122,321 330,800 113,016 336,744 125,543 341,530 111,634 331,327 118,032 328,562 157,780 385,196 123,129 401,790 140,718 10,179 11,512 10,730 8,425 7,391 6,265 39,218 73,750 730,134 820,877 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 5,433,693 127,248 660,044 671,036 666,091 686,477 693,332 703,287 717,853 745,409 683,474 674,239 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 58 21,973 22,072 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 297 Maricopa County Capital Asset Statistics by Function/Program Last Ten Fiscal Years Fiscal Year Function/Program 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 28 27 29 29 28 196 198 202 203 203 2018-19 2019-20 2020-21 2021-22 General Government Facilities Management Number of buildings owned by Facilities Number of buildings maintained by Facilities 27 202 29 30 30 30 208 210 200 210 Public Safety Flood Control District 350 354 358 368 394 400 405 409 410 413 Justice Courts Operating alert stations 26 26 26 26 26 26 26 26 26 26 Juvenile Courts 2 2 2 2 2 2 2 2 2 2 11,149 11,149 11,088 11,013 10,006 9,329 9,329 8,476 8,476 9,027 6 6 6 6 6 6 5 5 5 6 Miles of Road 5,383 5,386 5,378 5,411 5,390 5,402 5,269 5,313 5,210 5,203 Miles of road with paved surfaces 4,570 4,573 4,582 4,581 4,578 4,609 4,509 4,167 4,462 4,460 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 279 279 285 287 287 291 291 294 295 294 2 2 2 2 2 2 2 2 2 2 Number of public health facilities 2 20 21 21 21 24 21 21 24 22 Number of WIC facilities 2 15 15 15 14 17 17 16 18 16 6 6 6 6 6 6 6 6 6 6 Health, Welfare and Sanitation Animal Care and Control Number of animal shelters Public Health Waste Resources and Recycling Mgmt Number of transfer stations Culture and Recreation Library District Number of facilities owned 3 3 3 3 3 3 3 3 3 3 Facilities operated 14 14 15 16 16 16 16 15 15 15 Bookmobiles 0 0 0 0 0 0 0 0 0 0 Regional county parks 9 9 9 9 9 11 12 12 12 12 County managed golf courses 3 3 3 3 3 3 3 3 3 3 119,257 119,257 119,257 119,257 119,968 120,039 121,185 121,185 186,109 186,612 2 1 1 1 2 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. 298