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e John M. Allen, Treasurer Maricopa County 301 West Jefferson St., Rm. 100 Phoenix, Arizona 85003 Phone: (602) 506-8511 Treasurer bee oot http://treasurer.maricopa.gov DATE: January 9, 2023 TO: Bill Gates, Chairman Clint Hickman, Vice Chairman, District 4 Thomas Galvin, Supervisor, District 2 Jack Sellers Supervisor, District 1 Steve Gallardo, Supervisor, District 5 SUBJECT: Treasurer's monthly report for December 2022 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, Say oi ooueg- Ingrid J. Garvey, Chief Deputy Treasurer STATE OF ARIZONA ) ss. COUNTY OF MARICOPA _ ) This instrument was acknowledged before me this 9th day of January 2023, 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 beha e State of Arizona for the purpose and consideration therein expressed. | = JASMIN CHAIDEZ Notary Public Notary Public - State of Arizona MARICOPA COUNTY Commission # 584937 ~\ ye Expires April 28, 2023 My Commission Expires Maricopa County Treasurer's Office Financial Report Month Ended December, 2022 Inflows - Real and Personal Property Taxes County and County Controlled Districts 38,347,573 School Districts 340,562,763 Community College District 31,544,783 Municipalities 34,547,969 Special Taxing Districts 12,994,022 Special Health Care District 6,406,618 Other 1,086,238 Total inflows from Real and Personal Property Taxes 465,489,966 Inflows - Other Revenues County and County Controlled Districts 201,308,301 School Districts 347,401,262 Community College District 570,114 Municipalities 572,083 Special Taxing Districts 776,619 Special Health Care District 1,817,231 Other 2,395,979 Total inflows from Other Revenues ~~ $554,841,589 Total inflows $1,020,331,555 Outflows County and County Controlled Districts 209,414,610 School Districts 730,604,762 Community College District 73,213,938 Municipalities 83,903,834 Special Taxing Districts 25,867,895 Special Health Care District 37,662,774 Other 3,761,798 Total outflows ~~ $4,164,429,611 Net inflows - (outflows) ($144,098,056) Cash and Investments Reconciliation Beginning Balances cash and investments 8,273,139,027 Net inflows - outflows (144,098,056) Change in amounts held for distribution 13,267,144 Rounding difference 0 Ending Balances Cash and Investments $8,142,308,115 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 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 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.