SEPTEMBER 2024 MONTHLY FINANCIAL REPORT.PDF

John M. Allen, Treasurer
301 West Jefferson St., Suite 100
Phoenix, Arizona 85003

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MA R) COPA COUNTY iene ee

TREASURER’S OFFICE

DATE: October 7, 2024

TO: Jack Sellers, Chairman
Thomas Galvin, Vice Chairman, District 2
Bill Gates, Supervisor, District 3
Clint Hickman, Supervisor, District 4
Steve Gallardo, Supervisor, District 5

SUBJECT: Treasurer's monthly report for September 2024

In compliance with A.R.S. § 11-501, the Maricopa County Treasurer’s Office is submitting to
the Maricopa County Board of Supervisors the monthly financial report for all monies received
and disbursed, as well as the ending balance.

Submitted under oath,

Ingrid J. Garvey
Chief Deputy Treasurer

STATE OF ARIZONA ) ss.
COUNTY OF MARICOPA _ )

This instrument was acknowledged before me on this 7 day of October 2024, by Ingrid J. Garvey,
Chief Deputy Treasurer of Maricopa County, State of Arizona, known to me to be the person whose
name is subscribed to the foregoing instrument and who acknowledged to me that they executed the
same for and on behalf of the State of Arizona for the purpose and consideration therein expressed.

laviere Fatnaa

ary Public
Magcu 4, 2027 JAVIER PALMA
My Commission Expires MOWARICOPA DD

Commission # 645966
g S . Expires March 4, 2027

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MARICOPA
COUNTY

TREASURER’S OFFICE Month Ended September 2024

Financial Report

Inflows - Real and Personal Property Taxes
County and County Controlled Districts
School Districts
Community College District
Municipalities
Special Taxing Districts
Special Health Care District
Other

Total Inflows from Real and Personal Property Taxes

Inflows - Other Revenues
County and County Controlled Districts
School Districts
Community College District
Municipalities
Special Taxing Districts
Special Health Care District
Other

Total Inflows from Other Revenues

Total Inflows

Outflows
County and County Controlled Districts
School Districts
Community College District
Municipalities
Special Taxing Districts
Special Health Care District
Other

Total Outflows
Net Inflows/(Outflows)

Cash and Investments Reconciliation
Beginning balance - cash and investments
Net inflows/(outflows)
Change in amounts held for distribution
Rounding difference

Ending Balance - Cash and Investments

$57,008,453
410,294,270
48,926,686
56,415,477
26,829,447
12,119,254
2,625,321

$614,218,908

$162,780,039
330,944,287
0

2,374
902,051
85,248,936
3,283,133
$583, 160,820

$1,197,379,728

$219,159,950
937,955,286
118,246
985,296
6,968,418
76,912,173

7,286,397

$1,249,385,766

($52,006,038)

$7,672,009,701
(52,006,038)
37,579,025

(981)

$7,657,581,707

Maricopa County Treasurer’s Office
Notes to the Financial Report

In compliance with ARS §11-501, the Maricopa County Treasurer's Office is submitting to the Maricopa
County Board of Supervisors the monthly Financial Report for all monies received and disbursed.

The Treasurer's Office serves the taxpayers and citizens of Maricopa County. The Treasurer's Office is
responsible for the billing and collection of both real and personal property taxes levied by the county and special
taxing districts (schools, municipalities, etc.). This includes receiving, processing, investing, and safeguarding of
public funds. Additionally, the Treasurer's Office has a fiduciary responsibility to serve as the bank

for school districts and special taxing districts within Maricopa County.

Accounting Policies:
The Treasurer's Office Financial Report is prepared on a cash basis of reporting. Under the cash basis,
receipts are recorded when received and disbursements are recorded when paid.

The County Treasurer records the resources it holds on behalf of others (school districts, fire districts, special
lighting improvement districts, etc.) in custodial funds as required by governmental accounting standards.

For the purpose of presenting information in the Financial Report, the financial transactions for the month have
been aggregated and condensed into a consolidated format as further described in the Inflow Consolidation and
Outflow Consolidation sections below.

The Financial Report is for information purposes only and has not been audited.

Reporting Entities:

Maricopa County and County Controlled Districts include Maricopa County and the County's Flood Control District,
Library District, and Stadium District.

School Districts include elementary school districts, high school districts, unified school districts, and vocational
school districts.

Community College District is the Maricopa County Community College District.
Municipalities include cities and towns that have authorized a property tax levy.

Special Taxing Districts include street lighting improvement districts, irrigation water districts, and various other
taxing districts.

Special Health Care District is the Maricopa County Special Health Care District.

Other includes miscellaneous transactions that are not grouped by the reporting entities above.

Inflow Consolidation:

Real and personal property taxes include the receipt of current and prior years taxes related to real and personal

property, educational state aid and state equalization, bond redemptions, in lieu payments, etc., as applicable.

Other revenues include fines, fees, penalties, revenue from federal and state resources, bond
issuance proceeds, etc., as applicable.

Outflow Consolidation:
Expenditures include warrants, electronic fund transfers, wire transfers, and other payments, used for payroll,
vendor payments, debt service requirements, etc., as applicable.