TREASURER'S MONTHLY REPORT FOR JANUARY 2024.PDF

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

v
MARICOPA COUNTY 2c

TREASURER’S OFFICE http://treasurer.maricopa.gov

DATE: February 07, 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 January 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 7th day of February 2024, by Ingrid J. Garvey
Chief Deputy 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.

|e . JASMIN CHAIDEZ |
My Commission Expires Comimiseion # 646142

Expires April 25, 2027

L
MARICOPA Financial Report
COUNTY

TREASURER’S OFFICE Month Ended January 2024

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

$17,195,544
268,474,705
13,997,291
16,232,998
5,814,294
3,297,281
490,136
$325,502,249

$21,852,802
412,631,176
78,337
80,302
553,263
48,560,658
2,597,299
$676,353,837

$1,001,856,086

$252,305,847
685,712,179
33,468,933
38,391,157
16,663,777
110,407,541

3,431,917

$1,140,381,351

($138,525,265)

$7,819,687,011
(138,525,265)
(55,041,372)

0

$7,626,120,374

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 Treasurers Office serves the taxpayers and citizens of Maricopa County. The Treasurers 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 Treasurers 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.