FOLLOW THE MONEY (Make sure to click on your state at the bottom of this page) NOTE: 1992 through 2000 many Government pensions funds generated the equivalent of almost 1/2 of the revenue needed to satisfy (all) operating budgets for those local governments. If TRF investment fund(s) had been established for that purpose, Taxation could then be eliminated, and government's motive from that point forward would be to make sure the population was prosperous as possible so that returns on the TRFs would be as big as possible. Win - Win! I hope that a big light just went off in your mind? 100% of "Budgets" can be satisfied in the same fashion? Ready to make it happen? The choice is yours; choose wisely and with applied force to make your choice happen. NOTE: Government administration has already shown the TRF will work based on their own 65-year exemplary record of Government pension fund management! Government has not missed a beat in over 65 years when Government retirement fund interests were at stake! The same results can now be done with the creation of the TRF to phase out ALL taxation, and done in the blink of the eye as far as time goes! When property tax is eliminated you will no longer be in effect a renter, you will now be a true owner of your land! JUST MAKE IT HAPPEN! ARIZONA 2003 CAFR review data Courtesy Gerald R. Klatt: POST NOTE: Gerald Klatt died on his birthday in July of 2004 - He can no longer do reviews, it is now up to you!
List of Investments by fund (In thousands - an extra 000 at the end of each figure) The explanation of The Treasurer Custodial Securities Fund is: "…consists of securities held by the State Treasurer for various State agencies as required by statute." This is huge amount of money used for the stated purpose. However, some of this fund does account for deposits of insurance companies, banks, etc. But without a break down of this fund we believe that some of the money would be surpluses. We have included the entire amount in this analysis. Although the State usually states that the State Compensation Fund is a separate entity, the CAFR states: "The State is required by statute to review and approve the operating and capital outlay budget of the Fund." In most other State CAFRs these funds are considered Components Units and financial data is provided.
County of:Maricopa City of:Mesa Phoenix OTHER STATE CAFR REVIEWS BELOW
Note: For those familiar with governmental accounting, for surpluses Gerald Klatt basically used GFOA Balance Sheet Account Classification Codes 101, 102, 103, 151, 153, and 170.
(Just on the State level, all other local governments in the state not included)
CAFR Page
Surpluses
Notes
Governmental Funds:
43
General
670,824
43
Transportation & Aviation Planning Highway & Safety Fund
464,314
43
Land Endowments Fund
1,179,700
Special Revenue Funds:
150
The School Facilities Revenue Bond Proceeds
48,861
150
Public Safety & Correctional Program
84,270
150
Environmental Protection
77,838
150
Healthcare and Social Services
44,100
150
The Tobacco Tax and Healthcare
12,553
150
The Children's Health Insurance Program
1,010
151
Judicial & Legal Services
24,672
151
Regulation and Licensing
76,518
151
Game and Fish
28,378
151
State Parks Development
54,069
151
Business Development
54,938
151
Educational Programs
79,197
151
Groundwater Protection & Conservation
59,437
151
Clean Elections System
11,748
Debt Service Funds:
156
The Department of Transportation
2,366
156
The Maricopa Regional Area Road
15,445
156
The Certificates of Participation
18,407
156
The School Facilities Debt Instrument
18,308
156
The Grant Application Notes
Capital Projects Funds:
162
Department of Transportation Financed
173,613
162
Maricopa RARF Financed
162
Grant Anticipation Notes Financed
10
162
Certificate of Participation Financed
33,827
Proprietary Funds:
48
Universities
680,722
48
Unemployment Compensation
860,901
48
Industrial Commission
230,460
48
Lottery
41,962
48
Other
19,734
Nonmajor Enterprise Funds:
166
The Arizona Industries for the Blind
742
166
The Arizona Correctional Industries
4,524
166
The Arizona Highways Magazine
2,243
166
The Coliseum & Exposition Center
5,955
166
Highway Expansion & Extension Loan Program
96,034
167
Healthcare Group of Arizona
10,633
167
The Other Enterprise Funds
1,992
Internal Services:
174
The Risk Management Fund
19,899
174
The Transportation Equipment Fund
2,905
174
The Employee Benefits Fund (HITF)
31,278
174
The Technologies and Telecommunications Fund
6,972
174
The Sick Leave Liability Fund (RASL)
2,274
175
Motor Pool
7,683
Fiduciary Funds:
Pension Trusts (1/2 the actuarial determined surplus)
142
Arizona State Retirement System (ASRS)
9,063
Public Safety Personnel Retirement System (PSPR)
Unknown
Elected Officials' Retirement Plan (EORP)
Unknown
142
Corrections Officer Retirement Plan (CORP)
39,948
Investment Trusts:
186
Central Arizona Water Conservation District
157,414
186
Local Government Investment Pool
186
Local Government Investment Pool - Government
Agency Funds:
191
The Treasurer Custodial Securities Fund
2,928,537
1
191
The Other Treasurer Funds
18,639
191
The Other Funds
210,894
Component Units:
77
State Compensation Fund
2,549,206
2
61
University Medial Center
59,715
61
Arizona Power Authority
69,291
61
Water Infrastructure Finance Authority
145,411
Related Organizations:
Arizona Health Facilities Authority
3
Arizona International Development Authority
3
Arizona Tourism and Sports Authority
3
Arizona Housing Finance Authority
3
Total Surpluses…
11,449,891
Per Capita…
2,092
Family of 4…
8,369
Notes
1
2
3
Pima Tempe Scottsdale
Glendale