HomeMy WebLinkAboutPeoria Unified School District No. 11 - Public Financial Report ;oub-&mbC;7"1_ooѴ bv|ub1|
ѵƒƒƏ)ĺ$_m7;u0bu7!7ĺ
Ѵ;m7-Ѵ;ķ,ѶƔƒƏѵ
ĺr;oub-mbC;7ĺou]
ANNUAL
COMPREHENSIVE
FINANCIAL REPORT
A PUBLIC SCHOOL
DISTRICT OF CHOICEFISCAL
YEAR ENDED
JUNE 30, 2022
Issued by:
Business and Finance Department
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
GLENDALE, ARIZONA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
YEAR ENDED JUNE 30, 2022
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
TABLE OF CONTENTS
YEAR ENDED JUNE 30, 2022
i
viii
ix
GFOA Certificate of Achievement for Excellence in Financial Reporting x
ASBOI Certificate of Excellence in Financial Reporting xi
1
4
Governmental-wide Financial Statements
12
13
Fund Financial Statements
Governmental Funds - Balance Sheet 14
Reconciliation of the Governmental Funds Balance Sheet to the Statement of 15
Net Position
Governmental Funds - Statement of Revenues, Expenditures, and Changes in 16
Fund Balances
and Changes in Fund Balances to the Statement of Activities 17
18
42
43
44
Schedule of Changes in the District's Total OPEB Liability and Related Ratios
- Single Employer Plan 45
Budgetary Comparison Schedule for the General Fund (Budgetary Basis) 46
Budgetary Comparison Schedule for the Classroom Site Fund 47
Budgetary Comparison Schedule for the Special Projects Fund 48
Notes to Required Supplementary Information 49
Nonmajor Governmental Fund Descriptions 51
Combining Statements - Nonmajor Governmental Funds:
Combining Balance Sheet - Nonmajor Governmental Funds 52
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds 53
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - Instructional Improvement Fund 54
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of the Proportionate Share of the Net Pension Liability and Contributions
Schedule of the Proportionate Share of the Net OPEB Asset and Contributions - HBS
Schedule of the Proportionate Share of the Net OPEB Liability and Contributions - LTD
Independent Auditors' Report
Management's Discussion and Analysis
Basic Financial Statements:
INTRODUCTORY SECTION
Letter of Transmittal
Organizational Chart
List of Principal and Elected Officials
FINANCIAL SECTION
Statement of Net Position
Statement of Activities
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures,
Notes to the Basic Financial Statements
OTHER SUPPLEMENTARY INFORMATION
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
TABLE OF CONTENTS
YEAR ENDED JUNE 30, 2022
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - Other Special Revenue Fund 55
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - Food Service Fund 56
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - Student Activities Fund 57
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - Adjacent Ways Fund 58
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - Bond Building Fund 59
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - Building Renewal Grant Fund 60
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - Gifts and Donations - Capital 61
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances
Budget and Actual - Debt Service Fund 62
Statistical Section Descriptions 63
Financial Trends:
Net Position by Component 64
Expense, Program Revenues, and Net Expense - Governmental Activities 65
General Revenues and Total Changes in Net Position 66
Fund Balances - Governmental Funds 67
Revenues - Governmental Funds 68
Governmental Funds Expenditures and Debt Service Ratio 69
Other Financing Sources and Uses and Net Changes in Fund Balances
- Governmental Funds 70
Revenue Capacity:
Assessed Value and Estimated Actual Value of Taxable Property 71
Comparative Assessed Valuation Histories 72
Direct of Overlapping Assessed Valuations and Tax Rates per $100 Assessed Valuation 73
Net Secondary Assessed Valuation by Property Classification 74
Property Tax Classification Historical Information and Property Tax Assessment Ratio 75
Outstanding Debt, Primary/Secondary Assessed Valuation and Estimated Full Cash Value 76
Direct and Overlapping Property Tax Rates 77
Total Tax Rates per $100 Assessed Valuation 78
Principal Property Taxpayers 79
Property Tax Levies and Collections 80
STATISTICAL SECTION
OTHER SUPPLEMENTARY INFORMATION (CONTINUED)
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
TABLE OF CONTENTS
YEAR ENDED JUNE 30, 2022
Debt Capacity:
Ratio of Outstanding Debt by Type 81
Ratio of General Bonded Debt Outstanding 82
Direct General Obligation Bonded Debt Outstanding and to be Outstanding 83
Direct and Overlapping Governmental Activities Debt 84
Direct and Overlapping GO Bonded Debt Ratios 85
Legal Debt Margin Information 86
Constitutional Debt Limit/Unused Borrowing Capacity After Bond Issuance 87
Statutory Debt Limit/Unused Borrowing Capacity after Bond Issuance 88
Direct and Overlapping General Obligation Bonded Debt Ratios 89
Demographic and Economic Information:
County-Wide Demographic and Economic Statistics 90
Principal Employers - Maricopa County 91
Full-Time Equivalent District Employees by Type 92
Operating Information:
Operating Statistics 93
Capital Asset Information 94
STATISTICAL SECTION (CONTINUED)
INTRODUCTORY SECTION
i
December 19, 2022
Citizens and Governing Board
Peoria Unified School District No. 11
P.O. Box 39
Peoria, Arizona 85380-0039
State law mandates that school districts required to undergo an annual Single Audit publish a complete set
of financial statements presented in conformity with accounting principles generally accepted in the United
States of America and audited in accordance with auditing standards generally accepted in the United States
by a certified public accounting firm licensed in the State of Arizona. Pursuant to that requirement, we
hereby issue the annual comprehensive financial report of the Peoria Unified School District No. 11 (District)
for the fiscal year ended June 30, 2022.
This report consists of management’s representations concerning the finances of the District. Consequently,
management assumes full responsibility for the completeness and reliability of all the information presented
in this report. To provide a reasonable basis for making these representations, management of the District
has established a comprehensive internal control framework that is designed both to protect the District’s
assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the
District’s financial statements in conformity with accounting principles generally accepted in the United
States of America. Because the cost of internal controls should not outweigh their benefits, the District’s
comprehensive framework of internal controls has been designed to provide reasonable rather than
absolute assurance that the financial statements will be free of 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 District’s financial statements have been audited by CWDL, a certified public accounting firm. The goal
of the independentaudit was to provide reasonable assurance that the financial statements of the District
for the fiscal year ended June 30, 2022, are free of material misstatement. The independent audit involved
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements;
assessing the accounting principles used and significant estimates made by management; and evaluating
the overall financial statement presentation. The independent auditors concluded, based upon the audit,
that there was a reasonable basis for rendering an unmodified opinion that the District’s financial statements
for the fiscal year ended June 30, 2022, are fairly presented in conformity with accounting principles
generally accepted in the United States of America. 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 the District was part of a broader, federally mandated
Single Audit as required by theprovisions of the Single Audit Act Amendments of 1996 and Title 2 U.S. Code
of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance). The standards governing SingleAudit engagements
require the independent auditor to not only report on the fair presentation of the financial statements, but
also on the District’s internal controls and compliance with legal requirements, with special emphasis on
internal controls and legal requirements involving the administration of federal awards. These reports are
available in a separately issued Single Audit Reporting Package, WKDW ZDVLVVXHGRQ'HFHPEHU
6330 W. Thunderbird Road • Glendale, AZ 85306
Mailing: P.O.Box 39 • Peoria, AZ 85380-0039
623 486-6000 • www.peoriaud.k12.az.us
ii
Accounting principles generally accepted in the United States of America require that management provide a
narrative introduction, overview, and analysis to accompany the basic financial statements in the form of
Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A
and should be read in conjunction with it. The District’s MD&A can be found immediately following the report of
the independent auditors.
PROFILE OF THE DISTRICT
The District is one of 58 public school districts located in Maricopa County, Arizona with an enrollment of more
than 36,000 students from preschool to 12th grade and the employment of 3,800 teachers and staff. Peoria Unified
School District is one of the largest districts in the State of Arizona with 33 elementary schools and eight high
schools.
Vision - Every student, every day, prepared to shape tomorrow.
Mission
The Peoria Unified School District prepares every student for a successful future as a responsible citizen who
actively contributes to society, the community, and the workforce. This Mission is achieved by:
Creating, maintaining, and delivering quality curriculum and instruction that meets the needs of all
students for the 21st Century and beyond.
Providing experience-based, innovative, individualized learning that meets the needs of every student.
Facilitating access to quality staff, technology, resources, and instruction.
Prioritizing relationships and focusing on the safety and social and emotional well-being of students and
staff.
Implementing and sustaining effective stewardship of community resources.
Fostering a culture of active community engagement and inclusiveness.
Values
The Values of the Peoria Unified School District are grounded in our focus on people; students, staff, parents, and
community members. These Values shape behavior and drive us to achieve our shared Vision and Mission.
Integrity: Our consistent and uncompromising adherence to strong moral and ethical principles is
illustrated through our words and behavior.
Collaboration: Our collective capacity requires active engagement, meaningful inclusiveness, and trust
among stakeholders.
Excellence: Our actions are driven by clarity of purpose, a focus on results, and an unwavering commitment
to continuous improvement.
Equity: Our behaviors are informed through opportunities that ensure equitable access for all staff and
students to be successful.
iii
The District empowers every student to fulfill their potential while adhering to effective policies, practices and
accountability for District resources, maintaining safe, inviting, nurturing and respectful environments for students,
staff and community and creating a culture of active engagement that encourages and strengthens parent and
community partnerships.
The District’s Governing Board is organized under Section 15-321 of the Arizona Revised Statutes (A.R.S.).
Management of the District is independent of other state and local governments. The County Treasurer collects
taxes for the District but exercises no control over its expenditures/expenses. The membership of the Governing
Board consists of five members elected by the public. Under existing statutes, the Governing Board’s duties and
powers include, but are not limited to, the acquisition, maintenance, and disposition of school property; the
development and adoption of a school program; and the establishment, organization, and operation of schools.
The Board also has broad financial responsibilities, including the approval of the annual budget, and the
establishment of a system of accounting and budgetary controls.
The financial reporting entity consists of a primary government and its component units. A component unit is a
legally separate entity that must be included in the reporting entity in conformity with generally accepted
accounting principles. The District is a primary government because it is a special-purpose government that has a
separately elected governing body, is legally separate, and is fiscally independent of other state or local
governments. Furthermore, there are no component units combined with the District for financial statement
purposes and the District is not included in any other governmental entity. Consequently, the District’s financial
statements include only the funds of those organizational entities for which its elected Governing Board is
financially accountable. The District’s major operations include education, student transportation, construction and
maintenance of District facilities, food services, bookstore, athletic functions and community education.
Spanning much of the Northwest Valley, the Peoria Unified School District has a rich tradition of excellence, serving
the community since 1889. With ongoing open enrollment and exceptional educational opportunities, the Peoria
Unified School District boasts a 95.2 percent high school graduation rate. The District prides itself with excelling
schools, award-winning teachers, high test scores, specialized Signature Programs and championship athletic
programs. The District has one of the lowest dropout rates in the state at less than 2 percent for 2021 compared
to a state average of 4.48 percent that was last reported by the Arizona Department of Education in 2021.
https://www.azed.gov/accountability-research/data/.
FACTORS AFFECTING FINANCIAL CONDITION
The information presented in the financial statements is perhaps best understood when it is considered from the
broader perspective of the specific environment within which the District operates.
The Peoria Unified School District represents a geographic area of approximately 138 square miles. The District
has historically experienced population growth and has been challenged with managing this growth in an efficient
and prudent manner within the funding constraints found in public education.
Prior to the COVID 19 pandemic, the State’s previous economic downturn had fully recovered, and it was
anticipated that the District’s student enrollment would continue to grow in the long term. Optimism has been
tempered now that the baseline forecast for Arizona calls for slowing growth in 2022 and 2023, as fiscal policy
contracts and monetary policy slows. Fears of a recession, interest rate increases and inflation are a concern as
well as ongoing challenges with a teacher shortage that is limiting the District’s ability to hire teachers for
classroom instruction.
iv
In the long run, Arizona is projected to outpace national growth, with the greater Phoenix area leading the way.
In addition to national economic concerns, drought raises concerns about the long-term availability and cost of
water in Arizona. Arizona’s Economy Sails Into Uncertain Waters – Arizona's Economy (azeconomy.org)
The Federal government passed legislation during FY 2020 and FY 2021 that benefited the District and minimized
the ongoing impacts of the pandemic. Peoria Unified was awarded Elementary and Secondary School Education
Emergency Relief Funding that is continuing to be used to recover from the COVID-19 pandemic and to target
areas related to teaching and learning supports for students.
An ongoing consideration related to future enrollment and the District’s ongoing growth is the “aging-out” of
school aged children in older areas of the District and competition from charter schools and other alternative
educational institutions. Student enrollment declined during the COVID-19 pandemic and has not yet returned
to FY 2020 levels, which continues to cause District administration to re-evaluate student growth projections over
the next ten years.
State of Arizona, Maricopa County, Cities of Peoria, Glendale, Surprise, and the Town of Youngtown. The
District is in Maricopa County, Arizona and serves portions of three cities and one town in the northwestern portion
of the Phoenix-Mesa-Glendale Metro area. The City of Peoria is the largest geographic area within the Peoria
Unified School District’s boundary.
Maricopa County continues to experience strong population growth with a 679,471 resident increase from April
1, 2010 to July 1, 2021 and a total population of 4,496,588 as of that same date. Arizona’s overall population at
July 1, 2021 is now estimated to be 7,276,316. U.S. Census Bureau QuickFacts: Arizona
The labor market continues to generate strong job gains, low unemployment rates and wage increases in Maricopa
County. However, inflation exceeds income growth and affordable housing. Another consideration is rising
interest rates and concerns that a recession may slow the economy.
Arizona’s June 2022 unemployment rate of 3.3 percent was slightly lower than the 3.6 percent national rate.
Arizona : Western Information Office : U.S. Bureau of Labor Statistics (bls.gov)The unemployment rate for Maricopa
County at that same date was 2.7%. Maricopa County Summary – Arizona's Economy (azeconomy.org)
The City of Peoria encompasses approximately 179 square miles and provides a wide variety of recreational
opportunities including fishing, golfing, water skiing, biking, and sailing. Peoria proudly boasts 570 acres of parks,
52 miles of hiking, biking, and horseback riding trails and over 100,000 surface acres of water at Lake Pleasant, as
well as access to over 200 golf courses. The Peoria Sports Complex, which is operated by the City, was the nation’s
first two-team baseball spring training facility and the spring training home of the Seattle Mariners and San Diego
Padres.
Between the 2010 census and the 2020 census, the City’s population increased by more than 23 percent from
154,065 in 2010 to 190,985 in 2020. The U.S. Census Bureau estimated in July 2021 that the city’s population was
194,917 citizens. U.S. Census Bureau QuickFacts: Peoria city, Arizona
The City issued 1,437 new residential building permits in fiscal year 2021, an increase of 4.7% over the prior year.
The unemployment rate in Peoria dropped to 5.4% for July 2021 which was below the Arizona rate of 6.6% and
equal to the U.S. rate as of the same date. The City’s sales and use tax collections in fiscal year 2021 totaled $113.1
million, a 13.4% increase from the $99.7 million in the prior year. FY 2021 City of Peoria ACFR
v
City of Glendale, Arizona. The City of Glendale is located in the northwestern part of the metropolitan Phoenix
area and occupies approximately 62 square miles of land. The City of Glendale is home to the Arizona Cardinals.
The City is also the owner of Camelback Ranch, the spring training facility for the Los Angeles Dodgers and the
Chicago White Sox.
The City relies on local and state shared sales tax as well as state shared income tax as primary revenue sources
for the City’s operating budget. The City continued to recover from the effects of COVID-19 and its impacts to
many local businesses particularly and travel reductions.
The City realized a year over year increase of 13.53% in local sales tax revenue for fiscal year 2021. The growth can
be attributed to strong retail sales tax collections from online sales boosted by federal stimulus programs aiding
the economic recovery, and economic development activities which generated additional construction sales tax
revenue. The City’s state shared sales tax revenues also increased 15.55% compared to last fiscal year. City of
Glendale FY 2021 ACFR
The City of Glendale continues to attract new residents with the population growing from 226,721 persons in 2010
to an estimated 249,630 persons in 2021. www.census.gov - quickfacts glendale
FINANCIAL CONTROLS
Budgetary Controls. The annual expenditure budget serves as the foundation for the District’s financial planning
and control. The objective of these budgetary controls is to ensure compliance with legal provisions embodied in
the annual expenditure budget approved by the District’s Governing Board.
The expenditure budget is prepared by fund for all Governmental Funds and includes function and object code
detail for the General Fund and some Special Revenue and Capital Projects Funds. The legal level of budgetary
control (that is, the level at which expenditures cannot exceed the appropriated amount) is established at the
individual fund level for all funds. Funds that are not required to legally adopt a budget may have over-
expenditures of budgeted funds. The budget for these funds is simply an estimate and does not prevent the
District from exceeding the budget if the necessary revenue is earned.
Long-term Financial Planning. The District continues to focus on changing demographics and utilizes data
driven decision making to support the annual budget allocation process to ensure that its mission and core values
are in congruence with the allocation of all available funds.
Stewardship of Community resources is one of the four perspectives of the District’s Strategic Plan. The District
continues to focus on the development of contingency funding and increased fund balances to address
unanticipated changes in funding that will allow the District to leverage available resources and capture potential
efficiencies.
The District is also continuing to conduct an extensive demographic study and facility utilization analysis to ensure
that it continues to offer exceptional facilities that are essential to the delivery of an outstanding educational
program to the students and the community of our District.
In addition to state funding, planning is heavily impacted by voter-approved portions of the budget, which
includes a Maintenance and Operations budget override and bond authorization for construction and renovation
projects.
vi
Maintenance and Operations (M&O) expenditures are where most of the day-to-day expenditures take place for
the District. This includes salaries, employee benefits, supplies, utilities, transportation, and other operational
expenditures not of a capital nature. Maintenance and Operations funds cannot be used to build a new school or
to renovate and repair buildings and campus infrastructure.
Arizona Revised Statutes and the legislature allow a public school district to ask its community to approve an
annual M&O budget increase through an override election to support positions and programs that may not be
possible utilizing the funding that is received each year from the state of Arizona.
Arizona Revised Statutes allow an M&O override to exceed the Maintenance and Operation budget up to 15
percent of the revenue control limit (RCL). The Peoria Unified School District currently has a 13% M&O override
which is supported through secondary property taxes within the District.
Once approved by the voters, an M&O override is authorized for up to seven years. If the school district wants to
extend the override beyond the original term, the override must be reapproved by the voters. If not re-approved,
the override phases out in years six and seven. The District’s voters passed the continuation of the 13% M&O
override in November 2020.
A Maintenance and Operations override is for positions and program, while a bond authorization is strictly for
capital items. Bond funds can provide the ability for the District to plan for the renovation of existing facilities and
the construction of new schools in the growth areas of the District.
In November of 2012, the District passed an $180,000,000 Class B Bond authorization to update and maintain
existing facilities, technology, and purchase student transportation vehicles. The average age of the District’s
buildings being maintained by the Bond program is 29 years. The District has not passed a bond initiative since
November of 2012, and the current bond program has been fully expended or encumbered.
The District continues to evaluate options to address capital renovations, maintenance needs and new facilities
requirements that are related to growth within the District, without a new bond funding source to construct new
elementary or high school campuses.
AWARDS AND ACKNOWLEDGMENTS
Awards. The Association of School Business Officials International (ASBOI) awarded a Certificate of Excellence in
Financial Reporting to the District for its annual comprehensive financial report for the fiscal year ended
June 30, 2021. This was the 32nd consecutive year that the District has received this prestigious award. In addition,
the Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in
Financial Reporting to the District for its annual comprehensive financial report for the fiscal year ended June 30,
2021. In order to be awarded these certificates, the District published an efficiently organized and easy to read
annual comprehensive financial report. This report satisfied both accounting principles generally accepted in the
United States of America and applicable legal requirements.
These certificates are valid for a period of one year only. We believe that our current annual comprehensive
financial report continues to meet the programs' requirements and we are submitting it to ASBOI and GFOA to
determine its eligibility for the fiscal year 2021-22 certificates.
vii
Acknowledgments. The preparation of the annual comprehensive financial report on a timely basis was made
possible by the dedicated service of the entire staff of the Business and Finance department. Each member of the
department has our sincere appreciation for the contributions made in the preparation of this report.
In closing, without the leadership and support of the Governing Board of the District, preparation of this report
would not have been possible.
Sincerely,
Jason Reynolds, EdD Michelle R. Myers, CPA, CGMA
Superintendent Chief Financial Officer
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
ORGANIZATIONAL CHART
YEAR ENDED JUNE 30, 2022
viii
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
LIST OF PRINCIPAL AND ELECTED OFFICIALS
YEAR ENDED JUNE 30, 2022
ix
GOVERNING BOARD
David Sandoval
President
Cory Underhill
Clerk
Rebecca Hill Representative Beverly Pingerelli
Member Member
Dr. William Sorensen
Member
ADMINISTRATIVE STAFF
Jason Reynolds, EdD, Superintendent
Vacant, Chief Academic Support Officer
Danielle Airey, APR, Chief Communications Officer
Michelle R. Myers, CPA, CGMA, Chief Financial Officer
Laura Vesely, Chief Personnel Officer
Carter Davidson, EdD, Chief Student Services Officer
Kevin Molino, CISSP, Chief Technology and Operations Officer
x
xi
FINANCIAL SECTION
1
480-608-1750
www.cwdl.com See what’s possible.
INDEPENDENT AUDITORS’ REPORT
Governing Board
Peoria Unified School District No.11
Glendale, Arizona
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, each major fund, and the aggregate
remaining fund information of Peoria Unified School District No.11 (the “District”), as of and for the year ended
June 30, 2022, and the related notes to the financial statements, which collectively comprise the District’s basic
financial statements as listed in the table of contents.
In our opinion, the accompanying financial statements present fairly, in all material respects, the respective
financial position of the governmental activities, each major fund, and the aggregate remaining fund information
of Peoria Unified School District No.11, as of June 30, 2022, and the respective changes in financial position for
the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America
(GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by
the Comptroller General of the United States. Our responsibilities under those standards are further described in
the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to
be independent of the District 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.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in
accordance with accounting principles generally accepted in the United States of America, 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 District’s ability to continue as a going concern
for twelve months beyond the financial statement date, including any currently known information that may raise
substantial doubt shortly thereafter.
2
Auditor’s 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 an auditor’s 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 GAAS 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 GAAS 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 District’s internal control. Accordingly, no such opinion is expressed.
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 District’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
planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that
we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s
discussion and analysis, other postemployment benefit information, pension schedules, and budgetary
comparison information, as listed within the table of contents, be presented to supplement the basic financial
statements. Such information is the responsibility of management 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 have applied certain limited procedures to the required supplementary information in
accordance with auditing standards generally accepted in the United States of America, 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.
480-608-1750
www.cwdl.com
3
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the District’s basic financial statements. The combining and individual nonmajor fund financial
statements are presented for purposes of additional analysis and are not a required part of the basic financial
statements.
The combining and individual nonmajor fund financial statements and schedules are the responsibility of
management and were derived from and relate directly to the underlying accounting and other records used to
prepare the basic financial statements. Such 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 auditing standards generally accepted in the United States of America. In our opinion, the
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 financial statements and our auditor's
report thereon. Our opinions on the financial statements do not cover the other information, and we do not
express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our
responsibility is to read the other information and consider whether a material inconsistency exists between the
other information and the 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 have also issued our report dated December 19, 2022 on
our consideration of the District’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. 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 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 District’s internal control over financial reporting and compliance.
Scottsdale, Arizona
December 19, 2022
REQUIRED SUPPLEMENTARY INFORMATION
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
MANAGEMENT’S DISCUSSION AND ANALYSIS
YEAR ENDED JUNE 30, 2022
4
As management of the Peoria Unified School District No.11 (District), we offer the readers of the District’s financial
statements this narrative overview and analysis of the financial activities of the District for the fiscal year ended
June 30, 2022.
FINANCIAL HIGHLIGHTS
The assets and deferred outflows of resources of the District exceeded its liabilities and deferred inflows
of resources at the close of the most recent fiscal year by $98,704,614 (net position). The District’s total
net position increased by $57,124,960.
As of the close of the current fiscal year, the District’s governmental funds reported combined ending
fund balances of $153,311,192, an increase of $40,973,576 in comparison with the prior year.
At the end of the current fiscal year, unassigned fund balance for the General Fund was $73,595,204, or
28% of total General Fund expenditures.
The District’s net capital assets decreased $10,780,065 as depreciation expense exceeded new capital
acquisitions during the current year.
The District’s long-term liabilities decreased $92,866,370 or 18% due to current year principal payments
on the District’s bonds and financed purchases, as well as a decrease in the District’s net pension liability.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis are intended to serve as an introduction to the District’s basic financial statements.
The District’s basic financial statements are comprised of three components: 1) government-wide financial
statements, 2) fund financial statements, and 3) notes to basic financial statements. This report also contains other
supplementary information in addition to the basic financial statements themselves.
GOVERNMENT-WIDE FINANCIAL STATEMENTS
The government-wide financial statements are designed to provide readers with a broad overview of the District’s
finances in a manner similar to a private sector business.
The statement of net position presents information on all the District’s assets, deferred outflows of resources,
liabilities, and deferred inflows of resources, with the difference 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 District is
improving or deteriorating.
The statement of activities presents information showing how the District’s net position changed during the most
recent fiscal year. All changes to 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 only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but
unused vacation leave).
The government-wide financial statements distinguish functions of the District that are principally supported by
property taxes and intergovernmental revenues (governmental activities). The governmental activities of the
District include instruction, support services, operation and maintenance of plant services, student transportation
services, operation of non-instructional services, and interest on long-term debt.
The government-wide financial statements can be found immediately following this MD&A.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
MANAGEMENT’S DISCUSSION AND ANALYSIS
YEAR ENDED JUNE 30, 2022
5
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated
for specific activities or objectives. The District, like other state and local governments, uses fund accounting to
ensure and demonstrate compliance with finance-related legal requirements. All of the District’s funds are
governmental funds.
Governmental Funds –Governmental funds are used to account for essentially the same functions as governmental
activities in the government-wide financial statements. However, unlike the government- wide financial
statements, governmental fund financial statements focus on near-term inflows and outflows of spendable
resources, as well as the balances of spendable resources available at the end of the fiscal year. Such information
may be useful in evaluating a government’s near-term financing requirements.
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 doing so, readers may better understand
the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance
sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a
reconciliation to facilitate this comparison between governmental funds and governmental activities.
The District maintains twelve individual governmental funds. Information is presented separately in the
governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes
in fund balances for the General Fund, Classroom Site Fund, Special Projects Funds, and Debt Service Fund, the
four of which are major funds. Data from the other eight governmental funds are combined into a single
aggregated presentation.
An operating budget for expenditures is prepared and adopted by the District each fiscal year for the General,
Special Revenue, Debt Service, and Capital Projects Funds. Budgetary control is ultimately exercised at the fund
level. Budgetary control is maintained through the use of periodic reports that compare actual expenditures
against budgeted amounts. The expenditure budget can be revised annually, per Arizona Revised Statutes. The
District also maintains an encumbrance accounting system as one technique of maintaining budgetary control.
Encumbered amounts lapse at year-end. An annual budget of revenue from all sources is not prepared.
As demonstrated by the statements and schedules included in the financial section of this report, the District
continues to meet its responsibility for sound financial management.
Notes to Basic Financial Statements
The notes to basic 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 to basic financial statements
can be found on pages 18 – 41 of this report.
Required Supplementary Information Other than MD&A
The required supplementary information other than the MD&A found immediately following the notes to the
financial statements include the pension and OPEB schedules, schedule of changes in the District’s Single Employer
OPEB liability and related ratios, and the schedule of revenues, expenditures and changes in fund balance – budget
and actual for the General Fund and major special revenue funds. Notes to the required supplementary information
follow the budgetary comparison schedules.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
MANAGEMENT’S DISCUSSION AND ANALYSIS
YEAR ENDED JUNE 30, 2022
6
Other information
The combining statements in connection with nonmajor governmental funds are presented immediately following
the required supplementary information other than the MD&A. Combining and individual fund statements and
schedules can be found on pages 51 – 62 of this report.
The statistical section includes selected financial and demographic information, generally presented on a multi-
year basis. The statistical section can be found on pages 63 – 94 of this report.
Government-Wide Financial Analysis
As noted earlier, net position may serve over time as useful indicators of a government’s financial position. In the
case of the District, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources
by $98,704,614 at the close of the most recent fiscal year.
A summary of the District’s statement of net position is presented below:
2022 2021 Net Change
ASSETS AND DEFERRED OUTFLOWS
Current and other assets 214,616,606$ 163,425,006$ 51,191,600$
Capital assets 367,026,793 377,806,858 (10,780,065)
Deferred outflows 56,871,964 56,999,181 (127,217)
Total Assets and Deferred Outflows 638,515,363 598,231,045 40,284,318
LIABILITIES AND DEFERRED INFLOWS
Current liabilities 40,781,267 41,243,403 (462,136)
Long-term liabilities 419,477,813 512,344,060 (92,866,247)
Deferred inflows 79,551,669 3,063,928 76,487,741
Total Liabilities and Deferred Inflows 539,810,749 556,651,391 (16,840,642)
NET POSITION
Net investment in capital assets 188,906,733 187,728,585 1,178,148
Restricted 63,705,591 35,588,261 28,117,330
Unrestricted (153,907,710) (181,737,192) 27,829,482
Total Net Position 98,704,614$ 41,579,654$ 57,124,960$
Governmental Activities
Government-Wide Financial Analysis
By far the largest portion of the District’s net position reflects its investment in capital assets (e.g., land, buildings,
improvements, vehicles, equipment and furniture), less any related debt used to acquire those assets that are still
outstanding. The District uses these capital assets to provide services to students; consequently, these assets are
not available for future spending. Although the District’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. An additional portion of the District’s
net position represents resources that are subject to external restrictions on how they may be used. The remaining
balance of unrestricted net position may be used to meet the District’s ongoing obligations to citizens and
creditors.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
MANAGEMENT’S DISCUSSION AND ANALYSIS
YEAR ENDED JUNE 30, 2022
7
Government-Wide Financial Analysis (Continued)
At the end of the current fiscal year, the District was able to report positive balances in the net investment in capital
assets and restricted net position. The District reported a negative balance in unrestricted net position due to the
District’s reporting of its proportionate share of the net pension/OPEB liability(asset) for its cost-sharing pension
plan required under Governmental Accounting Standards Board (GASB) Statement No. 68. Additional information
on the District’s net pension liability can be found in Note 10 of this report.
Overall, net position increased $57,124,960 or 137%. Key elements of this increase are indicated as follows:
2022 2021 Net Change
REVENUES
Program revenues:
Charges for services 8,563,967$ 3,428,025$ 5,135,942$
Operating grants and contributions 113,304,898 76,939,624 36,365,274
Capital grants and contributions 6,660,898 3,953,270 2,707,628
General revenues:
Property taxes 117,149,447 118,255,651 (1,106,204)
State equalization and additional state aid 166,337,323 154,734,385 11,602,938
County equalization 14,907,042 14,548,352 358,690
Interest and other 1,471,235 4,209,224 (2,737,989)
Total Revenues 428,394,810 376,068,531 52,326,279
EXPENSES
Instruction 207,113,160 210,271,484 (3,158,324)
Support Services:
Students and instructional staff 51,282,645 45,355,949 5,926,696
General and school administration 23,515,770 21,922,795 1,592,975
Business and other support services 11,952,906 8,560,214 3,392,692
Operation and maintenance of plant 38,104,364 32,140,328 5,964,036
Operation of noninstructional services 17,896,115 14,419,100 3,477,015
Student transportation 14,463,113 11,985,777 2,477,336
Interest on long-term debt 6,941,777 7,799,085 (857,308)
Total Expenses 371,269,850 352,454,732 18,815,118
Change in net position 57,124,960 23,613,799 33,511,161
Net Position - Beginning 41,579,654 17,965,855 23,613,799
Net Position - Ending 98,704,614$ 41,579,654$ 57,124,960$
Governmental Activities
Program Revenues
Program revenues, which consist of charges for services, operating grants and capital grants and contributions
increased from the prior year by $44,208,844 or 52%. Charges for services increased 150% primarily due increased
student club and auxiliary activity with the decline in COVID-19 restrictions. Operating grants and contributions
increased 47% due to an increase in federal funding passed through the Arizona Department of Education and
other federal agencies. Capital grants and contributions increased $2,707,628 due to increased funding received
from the School Facilities Board for repairs and improvements of District facilities.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
MANAGEMENT’S DISCUSSION AND ANALYSIS
YEAR ENDED JUNE 30, 2022
8
Government-Wide Financial Analysis (Continued)
General Revenues
General revenues increased $8,117,435 (3%) from the prior year, mainly due to an increase in state equalization
and additional state aid. State equalization is based on a state formula allocating budgeted state funds to Arizona
school districts based on each district’s student average daily membership. The funding varies based on the funds
appropriated at the state level. Property tax rates decreased slightly which led to a 1% decline in property tax
revenue. County equalization remained consistent with the prior year.
Interest and other income decreased $2,737,989 or 65% mainly due to litigation recovery monies received in the
prior year as well as additional developer contributions.
The District incurred a 5% increase in expenses in the current year. The District’s mission is to provide an
appropriate and outstanding educational experience for every student served within budget constraints. The
increase was mainly due to increases in salaries and related benefits, technology purchases, purchased professional
services, and student transportation.
FINANCIAL ANALYSIS OF THE GOVERNMENTAL FUNDS
As noted earlier, the District uses fund accounting to ensure and demonstrate compliance with finance- related
legal requirements.
Governmental Funds – The focus of the District’s governmental funds is to provide information on near- term
inflows, outflows, and balances of spendable resources. Such information is useful in assessing the District’s
financing requirements. In particular, unassigned 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 the end of the current fiscal year, the District’s governmental funds reported combined ending fund balances
of $153,311,192, an increase of $40,973,576 in comparison with the prior year. Approximately 48% of this total
amount ($73,595,204) constitutes unassigned fund balance, which is available for spending at the government’s
discretion. The remaining fund balance is nonspendable or restricted to indicate that it is not available for new
spending.
Fund balances as of June 30, 2022, and the changes in fund balances from prior year are summarized below:
Increase
(Decrease)
Balance From 2020-21
GOVERNMENTAL FUND
General Fund 89,248,863$ 17,803,067$
Classroom Site Fund 24,588,437 14,140,946
Special Projects Fund 4,032,189 7,340,468
Debt Service Fund 972,708 (121,730)
Nonmajor Governmental Funds 34,468,995 1,810,825
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
MANAGEMENT’S DISCUSSION AND ANALYSIS
YEAR ENDED JUNE 30, 2022
9
The General Fund continues to experience a positive net change in fund balance. For the fiscal year ended June
30, 2022 the General Fund had an increase in fund balance of $17,803,067. This increase is due to continued
conservative spending practices. Increases in state equalization allowed the District to increase salaries and still
report a positive change in fund balance.
The increase of $14,140,946 in the Classroom Site Fund was mainly due to increased funding from the State as
well as conservative spending practices.
The $7,340,468 increase in the Special Projects Fund was due to current year grant funding that will be used for
subsequent year expenditures.
The Debt Service Fund had a decrease in fund balance of $121,730, which was not considered significant.
The increase of $1,810,825 in the Nonmajor Governmental Funds was mainly due to increases in federal food
service monies, student activity receipts, donation revenue, and community service receipts.
GENERAL FUND BUDGETARY HIGHLIGHTS
Differences between the original budget and the final amended budget totaled $2,020,737. In Arizona, school
districts build their original “adopted” budget based on a projection of the coming fiscal year’s 100th day average
daily attendance. In May, the District is allowed to increase or decrease its budget for differences between expected
and actual student growth. The $2,020,737 increase was allocated among various line items, mostly regular
education – instruction and support services – general administration. Budgetary basis General Fund expenditures
were $22,379,431 less than budget during the fiscal year. Budgetary basis expenditures were within 92% of budget.
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
The District’s investment in capital assets for its governmental activities as of June 30, 2022, amounts to
$367,026,793 (net of accumulated depreciation). This investment in capital assets includes land, construction in
progress, land improvements, buildings and improvements, vehicles, furniture, and equipment. The net decrease
in the District’s investment in capital assets for the current fiscal year was 5%. This decrease was mainly due to
depreciation expense exceeding new capital acquisitions during the current year. Additional information on the
District’s capital assets can be found in Note 5 of this report.
Major capital asset events during the current fiscal year included the following projects:
Buses
Roof renovations
Landscaping improvements – shade structures
Weatherization projects
HVAC repair and replacement
Irrigation projects
Flooring replacement
Athletic field improvements
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
MANAGEMENT’S DISCUSSION AND ANALYSIS
YEAR ENDED JUNE 30, 2022
10
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets (Continued)
Capital asset activity as of June 30, 2022 is summarized below:
2022 2021 Net Change
CAPITAL ASSETS
Land 52,415,620$ 52,415,620$ -$
Construction in progress 8,463,702 1,942,391 6,521,311
Land improvements 34,853,944 37,868,789 (3,014,845)
Buildings & improvements 255,450,073 268,110,902 (12,660,829)
Vehicles, equipment, and furniture 15,843,454 17,469,156 (1,625,702)
Total Capital Assets 367,026,793$ 377,806,858$ (10,780,065)$
Governmental Activities
Additional information on the District’s capital assets can be found in Note 5.
Long-Term Debt
At end of the current fiscal year, the District’s debt included compensated absences, finance purchased, bonds
payable, other postemployment benefits, and the net pension/OPEB liabilities. The District’s bonded debt
decreased by an amount of $19,449,285 during the current fiscal year. The decrease was due to regularly scheduled
principal payments and premium amortization. Compensated absences decreased $366,692 during the current
year. Financed purchases decreased by $1,059,833 due to scheduled principal payments. The net pension liability
and multiple employer OPEB decreased $67,571,471 and $871,831, respectively, due to various factors as explained
in Note 10 of this report. The single employer OPEB decreased by $3,547,258 due to factors discussed in Note 11
of this report.
2022 2021 Net Change
LONG-TERM LIABILITIES
General obligation bonds 167,005,000$ 185,125,000$ (18,120,000)
Unamortized premium 9,762,401 11,091,686 (1,329,285)
Financed purchases 5,391,891 6,451,724 (1,059,833)
Compensated absences 10,051,555 10,418,247 (366,692)
Net pension liability 208,301,381 275,872,852 (67,571,471)
Net OPEB liability - multiple employer 324,006 1,195,837 (871,831)
Net OPEB liability - single employer 18,641,579 22,188,714 (3,547,135)
Total Long-term Liabilities 419,477,813$ 512,344,060$ (92,866,247)$
Governmental Activities
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
MANAGEMENT’S DISCUSSION AND ANALYSIS
YEAR ENDED JUNE 30, 2022
11
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES
K-12 Aggregate Expenditure Limit
Inflation funding and Average Daily Membership
Employee salaries and employee retention
Arizona State Retirement System and health insurance benefit costs
Utility and operation costs
Curriculum resource needs
Impact of current year funding
Impact of Proposition 206 required annual minimum wage increases
District Additional Assistance/capital funding in lieu of a voter approved bond authorization for capital
and construction needs
Federal and State grant funding including ESSER funding and related requirements and timelines
The above factors were considered in preparing the District’s budget for the 2022-23 fiscal year.
REQUEST FOR INFORMATION
This financial report is designed to provide a general overview of the District’s finances for all those with an interest.
Questions concerning any of the information provided in this report or requests for additional financial information
should be addressed to the Business and Finance Department, Peoria Unified School District No. 11, P.O. Box 39,
Peoria, Arizona 85380-0039 or at www.peoriaunified.org.
BASIC FINANCIAL STATEMENTS
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
STATEMENT OF NET POSITION
JUNE 30, 2022
See accompanying Notes to the Basic Financial Statements
12
Governmental
Activities
ASSETS
Cash and investments 100,663,333$
Property taxes receivable 8,838,096
Intergovernmental receivable 75,933,976
Accounts receivable 789,104
Lease receivable 4,533,409
Deposits 251,547
Inventory 1,258,751
Prepaids 14,751,646
Net OPEB asset 7,596,744
Capital assets, not depreciated 60,879,322
Capital assets, net of accumulated depreciation 306,147,471
Total Assets 581,643,399
DEFERRED OUTFLOWS OF RESOURCES
Deferred amount on refunding 1,706,152
Deferred outflows related to pensions 52,861,735
Deferred outflows related to OPEB 1,313,186
Deferred outflows related to single employer OPEB 990,891
Total Deferred Outflows of Resources 56,871,964
LIABILITIES
Accounts payable 10,098,542
Accrued wages and benefits 7,864,900
Due to other governments 3,464
Unearned revenues 940,289
Matured bond principal payable 18,120,000
Interest payable 3,754,072
Long-term liabilities:
Due within one year 21,803,557
Due in more than one year 170,407,290
Net multiple employer OPEB liability 324,006
Net single employer OPEB liability 18,641,579
Net pension liability 208,301,381
Total Liabilities 460,259,080
DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 66,715,682
Deferred inflows related to OPEB 6,437,640
Deferred inflows related to single employer OPEB 1,864,938
Deferred inflows related to leases 4,533,409
Total Deferred Inflows of Resources 79,551,669
NET POSITION
Investment in capital assets 188,906,733
Restricted:
Teacher compensation and other qualified programs (A.R.S 15-977) 24,588,437
Instructional improvement programs 3,161,909
Federal and state instructional programs 4,032,189
Food service 12,022,404
Civic center 2,197,930
Community programs 1,623,505
Vocational educational programs 2,021,268
Extracurricular activities 3,613,436
Other special revenues 442,893
Student activities 1,678,741
Capital projects 7,350,171
Debt service 972,708
Unrestricted (153,907,710)
Total Net Position 98,704,614$
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
ST
A
T
E
M
E
N
T
O
F
A
C
T
I
V
I
T
I
E
S
YE
A
R
E
N
D
E
D
J
U
N
E
3
0
,
2
0
2
2
Se
e
a
c
c
o
m
p
a
n
y
i
n
g
N
o
t
e
s
t
o
t
h
e
B
a
s
i
c
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
13
Ne
t
(
E
x
p
e
n
s
e
)
Re
v
e
n
u
e
a
n
d
C
h
a
n
g
e
s
in
N
e
t
P
o
s
i
t
i
o
n
Ch
a
r
g
e
s
f
o
r
O
p
e
r
a
t
i
n
g
G
r
a
n
t
s
C
a
p
i
t
a
l
G
r
a
n
t
s
G
o
v
e
r
n
m
e
n
t
a
l
Ex
p
e
n
s
e
s
S
e
r
v
i
c
e
s
a
n
d
C
o
n
t
r
i
b
u
t
i
o
n
s
a
n
d
C
o
n
t
r
i
b
u
t
i
o
n
s
A
c
t
i
v
i
t
i
e
s
Pr
i
m
a
r
y
G
o
v
e
r
n
m
e
n
t
:
Go
v
e
r
n
m
e
n
t
a
l
A
c
t
i
v
i
t
i
e
s
:
In
s
t
r
u
c
t
i
o
n
2
0
7
,
1
1
3
,
1
6
0
$
3
,
3
7
1
,
1
6
3
$
7
3
,
8
9
3
,
6
1
6
$
1
1
3
,
1
3
3
$
(
1
2
9
,
7
3
5
,
2
4
8
)
$
Su
p
p
o
r
t
s
e
r
v
i
c
e
s
:
St
u
d
e
n
t
s
3
6
,
4
5
0
,
8
0
7
2
,
4
5
3
,
0
4
4
5
,
0
1
7
,
6
0
8
-
(
2
8
,
9
8
0
,
1
5
5
)
In
s
t
r
u
c
t
i
o
n
a
l
s
t
a
f
f
1
4
,
8
3
1
,
8
3
8
7
1
8
,
9
3
9
6
,
0
1
4
,
8
9
6
-
(
8
,
0
9
8
,
0
0
3
)
Ge
n
e
r
a
l
a
d
m
i
n
i
s
t
r
a
t
i
o
n
6
,
6
3
2
,
9
1
2
7
8
,
5
5
3
2
8
0
,
1
9
8
-
(
6
,
2
7
4
,
1
6
1
)
Sc
h
o
o
l
a
d
m
i
n
i
s
t
r
a
t
i
o
n
1
6
,
8
8
2
,
8
5
8
2
3
5
,
9
3
4
6
2
2
,
2
0
8
-
(
1
6
,
0
2
4
,
7
1
6
)
Bu
s
i
n
e
s
s
a
n
d
o
t
h
e
r
s
u
p
p
o
r
t
s
e
r
v
i
c
e
s
1
1
,
9
5
2
,
9
0
6
1
9
3
,
8
3
7
9
7
9
,
3
3
5
-
(
1
0
,
7
7
9
,
7
3
4
)
Op
e
r
a
t
i
o
n
a
n
d
m
a
i
n
t
e
n
a
n
c
e
o
f
p
l
a
n
t
3
8
,
1
0
4
,
3
6
4
5
5
5
,
1
1
9
1
,
0
2
6
,
7
4
8
6
,
5
4
7
,
7
6
5
(
2
9
,
9
7
4
,
7
3
2
)
St
u
d
e
n
t
t
r
a
n
s
p
o
r
t
a
t
i
o
n
1
4
,
4
6
3
,
1
1
3
1
8
9
,
1
2
8
4
0
0
,
2
6
8
-
(
1
3
,
8
7
3
,
7
1
7
)
Op
e
r
a
t
i
o
n
o
f
n
o
n
i
n
s
t
r
u
c
t
i
o
n
a
l
s
e
r
v
i
c
e
s
1
7
,
8
9
6
,
1
1
5
7
6
8
,
2
5
0
2
5
,
0
7
0
,
0
2
1
-
7
,
9
4
2
,
1
5
6
In
t
e
r
e
s
t
o
n
l
o
n
g
-
t
e
r
m
d
e
b
t
6
,
94
1
,
7
7
7
-
-
-
(
6
,
9
4
1
,
7
7
7
)
To
t
a
l
37
1
,
2
6
9
,
8
5
0
$
8
,
5
6
3
,
9
6
7
$
1
1
3
,
3
0
4
,
8
9
8
$
6
,
6
6
0
,
8
9
8
$
(
2
4
2
,
7
4
0
,
0
8
7
)
$
Ge
n
e
r
a
l
r
e
v
e
n
u
e
s
:
Pr
o
p
e
r
t
y
t
a
x
e
s
11
7
,
1
4
9
,
4
4
7
Gr
a
n
t
s
a
n
d
c
o
n
t
r
i
b
u
t
i
o
n
s
n
o
t
r
e
s
t
r
i
c
t
e
d
t
o
s
p
e
c
i
f
i
c
p
r
o
g
r
a
m
s
:
St
a
t
e
e
q
u
a
l
i
z
a
t
i
o
n
a
n
d
a
d
d
i
t
i
o
n
a
l
s
t
a
t
e
a
i
d
1
6
6
,
3
3
7
,
3
2
3
C
o
u
n
t
y
e
q
u
a
l
i
z
a
t
i
o
n
14
,
9
0
7
,
0
4
2
In
v
e
s
t
m
e
n
t
e
a
r
n
i
n
g
s
82
9
,
7
9
0
Ga
i
n
o
n
d
i
s
p
o
s
a
l
o
f
c
a
p
i
t
a
l
a
s
s
e
t
s
1
2
4
,
0
2
3
Ot
h
e
r
51
7
,
4
2
2
To
t
a
l
g
e
n
e
r
a
l
r
e
v
e
n
u
e
s
29
9
,
8
6
5
,
0
4
7
Ch
a
n
g
e
i
n
n
e
t
p
o
s
i
t
i
o
n
57
,
1
2
4
,
9
6
0
Ne
t
p
o
s
i
t
i
o
n
-
b
e
g
i
n
n
i
n
g
41
,
5
7
9
,
6
5
4
N
e
t
p
o
s
i
t
i
o
n
-
e
n
d
i
n
g
98
,
7
0
4
,
6
1
4
$
Fu
n
c
t
i
o
n
/
P
r
o
g
r
a
m
s
Pr
o
g
r
a
m
R
e
v
e
n
u
e
s
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2022
See accompanying Notes to the Basic Financial Statements
14
General Fund
Classroom Site
Fund
Special Projects
Fund
Debt Service
Fund
Non-Major
Governmental
Funds
Total
Governmental
Funds
ASSETS
Cash and investments 13,590,828$ 30,806,996$ -$ 22,752,541$ 33,512,968$ 100,663,333$
Receivables:
Property taxes 8,520,974 - - 317,122 - 8,838,096
Intergovernmental 43,306,395 678 26,782,391 - 5,844,512 75,933,976
Accounts receivable 133,157 - - - 655,947 789,104
Leases 4,533,409 - - - - 4,533,409
Deposits - - - - 251,547 251,547
Due from other funds 21,316,246 - - - - 21,316,246
Inventory 902,013 - - - 356,738 1,258,751
Prepaids 14,751,646 - - - - 14,751,646
Total Assets 107,054,668$ 30,807,674$ 26,782,391$ 23,069,663$ 40,621,712$ 228,336,108$
LIABILITIES
Accounts payable 4,003,318$ -$ 5,159,279$ -$ 935,945$ 10,098,542$
Intergovenmental payable - - - - 3,464 3,464
Accrued wages 990,473 6,219,237 556,556 - 98,634 7,864,900
Matured principal payable - - - 18,120,000 - 18,120,000
Interest payable - - - 3,754,072 - 3,754,072
Due to other funds - - 17,034,367 - 4,281,879 21,316,246
Unearned revenue 107,494 - - - 832,795 940,289
Total Liabilities 5,101,285 6,219,237 22,750,202 21,874,072 6,152,717 62,097,513
DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to leases 4,533,409 - - - - 4,533,409
Unavailable revenues 8,171,111 - - 222,883 - 8,393,994
Total Deferred Inflows 12,704,520 - - 222,883 - 12,927,403
FUND BALANCES
Nonspendable 15,653,659 - - - 356,738 16,010,397
Restricted - 24,588,437 4,032,189 972,708 34,112,257 63,705,591
Unassigned 73,595,204 - - - - 73,595,204
Total Fund Balances 89,248,863 24,588,437 4,032,189 972,708 34,468,995 153,311,192
Total Liabilities, Deferred Inflows
of Resources, and Fund Balances 107,054,668$ 30,807,674$ 26,782,391$ 23,069,663$ 40,621,712$ 228,336,108$
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL
FUNDS TO THE STATEMENT OF NET POSITION
JUNE 30, 2022
See accompanying Notes to the Basic Financial Statements
15
Total Fund Balance - Governmental Funds 153,311,192$
Amounts reported for assets and liabilities for governmental activities in the statement
of net position are different from amounts reported in governmental funds because:
Capital assets:
In governmental funds, only current assets are reported. In the statement of net
position, all assets are reported, including capital assets and accumulated
depreciation:
Capital assets 793,518,143
Accumulated depreciation (426,491,350) 367,026,793
Property tax revenue not collected within 60 days subsequent to fiscal year end are
reported as deferred inflows of resources in the governmental funds: 8,393,994
OPEB assets held in trust for future benefits are not available for
District operations and, therefore, are not reported in the
governmental funds:7,596,744
Long-term liabilities:
In governmental funds, only current liabilities are reported. In the statement of
net position, all liabilities, including long-term liabilities, are reported. Long-term
liabilities relating to governmental activities consist of:
Financed purchase liability (5,391,891)
General obligation bonds (167,005,000)
Unamortized premiums (9,762,401)
Unamortized deferred amount on refunding 1,706,152
Net pension liability (208,301,381)
Net OPEB liability (324,006)
Net single employer OPEB liability (18,641,579)
Compensated absences (10,051,555) (417,771,661)
Deferred outflows and inflows of resources relating to pensions:
In governmental funds, deferred outflows and inflows of resources relating to
pensions are not reported because they are applicable to future periods. In the
statement of net position, deferred outflows and inflows of resources relating to
pensions are reported:
Deferred outflows of resources relating to pensions: 52,861,735
Deferred inflows of resources relating to pensions: (66,715,682)
Deferred outflows of resources relating to OPEB ASRS: 1,313,186
Deferred inflows of resources relating to OPEB ASRS: (6,437,640)
Deferred outflows of resources relating to single employer OPEB: 990,891
Deferred inflows of resources relating to single employer OPEB: (1,864,938) (19,852,448)
Total Net Position - Governmental Activities 98,704,614$
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
See accompanying Notes to the Basic Financial Statements
16
General Fund
Classroom Site
Fund
Special Projects
Fund
Debt Service
Fund
Non-Major
Governmental
Funds
Total
Governmental
Funds
REVENUES
Property taxes 91,879,020$ -$ -$ 25,326,523$ 8$ 117,205,551$
Intergovernmental 182,862,763 30,854,030 50,566,693 - 35,362,016 299,645,502
Tuition 5,765 - - - 10,707 16,472
Food Services Sales - - - - 283,274 283,274
Auxiliary operations 2,703,492 - - - - 2,703,492
Student activities - - - - 1,875,248 1,875,248
Rental Income 332,866 - - - 448,663 781,529
Contributions and donations 346,963 - - - 1,217,696 1,564,659
Investment earnings 208,286 136,738 65,520 185,266 233,980 829,790
Other 616,013 - 2,075 - 3,086,286 3,704,374
Total Revenues 278,955,168 30,990,768 50,634,288 25,511,789 42,517,878 428,609,891
EXPENDITURES
Current
Instruction 144,369,223 16,849,822 31,750,817 - 4,584,354 197,554,216
Support services:
Students 31,172,162 - 3,822,113 - 2,266,533 37,260,808
Instructional staff 9,408,912 - 4,278,153 - 1,488,018 15,175,083
General administration 6,775,375 - 235,643 - 25,500 7,036,518
School administration 16,725,014 - 481,758 - 91,585 17,298,357
Business and other support services 11,339,832 - 627,315 5,375 276,716 12,249,238
Operations and maintenance of plant 29,605,744 - 383,666 - 676,971 30,666,381
Student transportation 11,836,014 - 306,563 - 918,709 13,061,286
Operations of noninstructional services 1,157,158 - 639,861 - 16,416,868 18,213,887
Debt service:
Principal 1,059,833 - - 18,120,000 - 19,179,833
Interest and fiscal charges 194,167 - - 7,508,144 - 7,702,311
Capital outlay:
Facilities acquisition 242,414 - - - 12,173,375 12,415,789
Total Expenditures 263,885,848 16,849,822 42,525,889 25,633,519 38,918,629 387,813,707
Excess (Deficiency) of Revenues
Over Expenditures 15,069,320 14,140,946 8,108,399 (121,730) 3,599,249 40,796,184
Other Financing Sources (Uses)
Sale of capital assets 123,973 - - - 50 124,023
Transfers in 2,609,774 - - - - 2,609,774
Transfers out - - (767,931) - (1,841,843) (2,609,774)
Net Financing Sources (Uses)2,733,747 - (767,931) - (1,841,793) 124,023
NET CHANGE IN FUND BALANCE 17,803,067 14,140,946 7,340,468 (121,730) 1,757,456 40,920,207
Fund Balance - Beginning 71,445,796 10,447,491 (3,308,279) 1,094,438 32,658,170 112,337,616
Increase/(decrease) in inventories - - - - 53,369 53,369
Fund Balance - Ending 89,248,863$ 24,588,437$ 4,032,189$ 972,708$ 34,468,995$ 153,311,192$
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES TO THE STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
See accompanying Notes to the Basic Financial Statements
17
Net Change in Fund Balances - Governmental Funds 40,920,207$
Amounts r eported for governmental activities in the statement of activities are different from
amounts reported in governmental funds because:
In governmental funds, the costs of capital assets are reported as expenditures in the
period when the assets are acquired. In the statement of activities, costs of capital assets
are allocated over their estimated useful lives as depreciation expense.
Expenditures for capital outlay: 15,182,343$
Depreciation expense: (25,811,066) (10,628,723)
In governmental funds, the entire proceeds from disposal of capital assets are reported as
revenue. In the statement of activities, only the resulting gain or loss is reported. (151,342)
Some revenues reported in the governmental funds that did not provide current financial
resources in prior years have been recognized previously in the statement of activities and
therefore are not reported as revenues in the statement of activities.
Property taxes (56,104)
Grants and other miscellaneous revenue (283,000)
Governmental funds report pension/OPEB contributions as expenditures when made.
However, in the statement of activities, pension/OPEB expense is the cost of benefits earned,
adjusted for member contributions, the recognition of changes in deferred outflows and
inflows of resources related to pensions/OPEB.
Pension contributions 22,457,887
Pension expense (19,022,785)
Single employer OPEB contributions 2,552,745
Single employer OPEB expense (363,351)
OPEB ASRS contributions 734,976
OPEB ASRS expense 604,022
The issuance of long-term debt (e.g. bonds, financed purchases) provides current financial
resources to governmental funds, while the repayment of principal of long-term debt
consumes the current financial resources of governmental funds. Neither transaction,
however, has any effect on net position. The issuance of long-term debt increases long-term
liabilities on the statement of net position and the repayment of principal on long-term debt
reduces long-term debt on the statement of net position.
Principal payment on financed purchases 1,059,833
Principal payment on general obligation bonds 18,120,000
Amortization of deferred bond items 1,329,285
Amortization of the deferred amount on refunding (568,751)
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 the governmental
funds.
Net decrease (increase) in compensated absences 366,692
Change in inventories balances 53,369
Change in Net Position of Governmental Activities 57,124,960$
NOTES TO BASIC FINANCIAL STATEMENTS
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
18
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accompanying financial statements of the Peoria Unified School District No.11 (District) 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). A summary of the
District’s more significant accounting policiesfollows. For the year ended June 30, 2022, the District 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 District’s financial statements have been modified to reflect the recognition of certain lease assets
for leases that were previously classified as operating leases and recognized as inflows of resources based on
the contract payment provisions.
Reporting Entity
The District is a special-purpose government that is governed by a separately elected governing body. It is legally
separate from and fiscally independent of other state and local governments. The financial reporting entity
consists of a primary government and its component units. A component unit is a legally separate entity that must
be included in the reporting entity in conformity with generally accepted accounting principles. The District is a
primary government because it is a special-purpose government that has a separately elected governing body, is
legally separate, and is fiscally independent of other state or local governments. Furthermore, there are no
component units combined with the District for financial statement presentation purposes, and the District is not
included in any other governmental reporting entity. Consequently, the District’s financial statements include only
the funds of those organizational entities for which its elected governing board is financially accountable.
Government-Wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of activities)
report information on all the nonfiduciary activities of the primary government. The effect of interfund activity
has been removed from these statements. Governmental activities, which are normally supported by taxes and
intergovernmental revenues are reported separately from business-type activities, which rely to a significant
extent on fees and charges for support. The District had no business-type activities during the fiscal year.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment
are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or
segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit
from goods, services, or privileges provided by a given function or segment and 2) grants and contributions
that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes
and other items not properly included among program revenues are reported instead as generalrevenues.
Separate financial statements are provided for governmental funds. Major individual governmental funds are
reported as separate columns in the fund financial statements.
Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The government-wide financial statements 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. Property taxes are recognized as revenues in the year
for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility
requirements imposed by the provider have been met.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
19
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued)
Governmental fund financial statements are reported using the current financial resources measurement focus and
the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and
available.
Revenues are considered to be available when they are collectible within the current period or soon enough
thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available
if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded
when a liability is incurred, as under accrual accounting, except expenditures related to compensated absences
and claims and judgments, which are recorded only when payment is due. However, since debt service resources
are provided during the current year for payment of long-term principal and interest due early in the following
year (within one month), the expenditures and related liabilities have been recognized in the Debt ServiceFund.
Property taxes, intergovernmental grants and aid, tuition, and interest associated with the current fiscal period are
all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period.
All other revenue items are considered to be measurable and available only when cash is received by the
government.
The District reports the following major governmental funds:
Major Governmental Funds
The General Fund is the District’s primary operating fund. It accounts for all resources used to finance District
maintenance and operation except those required to be accounted for in other funds. For budget purposes, it is
described as the Maintenance and Operation Fund by Arizona Revised Statutes (A.R.S.) and is budgeted within
four subsections titled regular education programs, special education programs, pupil transportation, and K-3
reading program.
The Special Projects Fund accounts for the revenues and expenditures of state and federally funded projects.
The Classroom Site Fund is a special revenue fund that accounts for the revenues and expenditures of State
apportioned educational sales tax monies.
The Debt Service Fund accounts for the accumulation of resources for, and the payment of long-term principal,
interest, and related costs.
As a general rule the effect of interfund activity has been eliminated from the governmentwide financial
statements and interfund services provided and used are not eliminated in the process of consolidation.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
20
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued)
When both restricted and unrestricted resources are available for use, for governmental activities it is the District’s
policy to use restricted resources first, then unrestricted resources as they are needed.
Amounts reported as program revenues include 1) charges for services, 2) operating grants and contributions, and
3) capital grants and contributions. Internally dedicated resources are reported as general revenues rather than as
program revenues. Likewise, general revenues include all taxes. When both restricted and unrestricted resources
are available for use for governmental activities, it is the District’s policy to use restricted resources first, then
unrestricted resources as they are needed.
Assets, Deferred Outflows of resources, Liabilities, Deferred Inflows of Resources and Net Position or
Equity
Deposits and Investments
Arizona Revised Statutes (A.R.S.) requires the District to deposit certain cash with the County Treasurer. That cash
is pooled for investment purposes, except for cash in the Debt Service and Bond Building Funds, which are invested
separately. As required by statute, interest earned by the Bond Building Fund is recorded in the Debt Service Fund.
A.R.S. authorize the District to invest public monies in the State and County Treasurer’s investment pools; U.S.
Treasury obligations; specified state and local government bonds; and interest-earning investment contracts such
as savings accounts, certificates of deposit, and repurchase agreements in eligible depositories. Statute authorizes
the District to deposit monies of Auxiliary Operations and Student Activities in bank accounts. Monies in these
funds may also be invested. In addition, statute authorizes the District to maintain various bank accounts such as
clearing accounts to temporarily deposit receipts before they are transmitted to the County Treasurer; revolving
accounts to pay minor disbursements; and withholding accounts for taxes, employee insurance programs, and
federal savings bonds. Some of these bank accounts may be interest bearing.
Statute does not include any requirements for credit risk, concentration of credit risk, interest rate risk, or foreign
currency risk. Statute requires collateral for deposits of monies at 102% of all deposits not covered by federal
depository insurance.
The State Board of Investments provides oversight for the State Treasurer’s pools, and the Local Government
Investment Pool Advisory Committee provides consultation and advice to the Treasurer. The fair value of a
participant’s position in the pool approximates the value of that participant’s pool shares. No comparable
oversight is provided for the County Treasurer’s investment pool, and that pool’s structure does not provide for
shares.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
21
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Assets, Deferred Outflows of Resources, liabilities, Deferred Inflows of Resources and Net Position or Equity
(Continued)
Property Taxes Receivables
The Maricopa County Treasurer is responsible for collecting property taxes for all governmental entities within the
County. The County levies real and 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. A lien assessed against real and personal
property attaches on the first day of January preceding assessment and levy.
The District does not report a reserve for uncollectible property taxes as they are considered 100 percent collectible
due to the County attaching a lien against all amounts past due as noted above.
Intergovernmental Receivable
The intergovernmental receivable is comprised of the following:
State Equalization 42,572,042$
Classroom Site Fund 678
State Grants 262,022
Federal Grants 27,508,195
School Facilities Board 4,878,524
West MEC 712,515
Total Intergovernmental Receivable 75,933,976$
Short-Term Interfund Receivables and Payables
During the course of operations, individual funds within the District’s pooled cash accounts may borrow money
from other funds within the pool on a short-term basis. These receivables and payables are classified as “due from
other funds” or “due to other funds” on the balance sheet of the fund financial statements and are eliminated in
the preparation of the government-wide financial statements.
Deposits
Deposits in the amount of $251,547 represents cash deposits with Mohave Educational Services in the food service
cooperative.
Restricted Assets
Bond proceeds that were not spent at the end of the fiscal year are restrict as to use and are reported as
restricted assets.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
22
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Assets, Deferred Outflows of Resources, liabilities, Deferred Inflows of Resources and Net Position or Equity
(Continued)
Inventories and Prepaids
Inventories consist of expendable supplies held for consumption. Inventories are valued at cost using the first-
in/first-out (FIFO) method. Inventories of governmental activities are recorded as expenses when consumed rather
than when purchased and are recorded as expenditures when purchased rather than when consumed in the
governmental funds. Prepaids represent amounts paid by the District for a future benefit. Prepaids are recognized
as an expense/expenditure in the governmental activities/government funds when the benefit is received.
Leases
As a lessor, the District recognizes lease receivables with an initial individual value of $25,000 or more. If there is
no stated rate in the lease contract (or if the stated rate is not the rate the District charges the lessee) and the
implicit rate cannot be determined, the District uses its own estimated incremental borrowing rate as the discount
rate to measure lease receivables. The District's estimated incremental borrowing rate is the rate at which the
District can acquire financing for future spending.
Financed Purchases Payable
The District has acquired energy conservation equipment under the provisions of a contract classified as a
financed purchase payable. In accordance with GASB Statement No. 87,Leases, contracts previously recorded as
capital leases have been reclassified as financed purchases payable in the fiscal year. Revenues from the Energy
and Water Savings Fund, a non-major governmental fund, are used to pay the debt obligation. Revenues from
the General Fund are transferred to the Energy and Water Savings Fund to pay the debt obligations when due.
Capital Assets
Capital assets, which include property, plant, and equipment, are reported in the governmental activities column
in the government-wide financial statements. Capital assets are defined by the District as assets with an initial,
individual cost of more than $5,000 and an estimated useful life in excess of one year.
Property, plant, and equipment purchased or acquired is carried at historical cost or estimated historical cost.
Contributed assets are recorded at acquisition value. Additions, improvements, and other capital outlays that
significantly extend the useful life of an asset are capitalized. Other costs incurred for repairs and maintenance
are expensed as incurred.
Depreciation on all assets is provided on a straight-line basis over the following estimated useful lives:
Asset Class Years
Land improvements 5-20 years
Building and improvements 50-80 years
Vehicles, equipment, furniture 5-30 years
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
23
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Assets, Deferred Outflows of Resources, liabilities, Deferred Inflows of Resources and Net Position or Equity
(Continued)
Deferred Outflows of Resources
The deferred outflows of resources reported in the government-wide financial statements, represent the
reacquisition costs related to the refunding of bonded debt. The reacquisition costs are amortized and expensed
over the lesser of the maturity of the refunded bonds or the refunding bonds. Reported amounts are also related
to the requirements of accounting and financial reporting for pensions/OPEB under GASB 68 and GASB 75.
Compensated Absences
The liability for compensated absences reported in the government-wide financial statements consists of unpaid,
accumulated leave balances. The liability has been calculated using the vesting method, in which leave amounts
for both employees who currently are eligible to receive termination payments and other employees who are
expected to become eligible in the future to receive such payments upon termination are included.
The District’s employee vacation and sick leave policies provide for granting vacation and sick leave with pay.
Permanent employees earn sick leave at the rate of one day per month, up to a maximum of 10 days for
employees who work less than 12 months and 12 days for twelve-month employees. Accrued sick leave is paid
to full time employees with ten or more consecutive years of service, upon retirement, voluntary termination, or
death at the rate of 1% of each year of service multiplied by the percentage of accruable accumulated sick leave,
120 days for twelve-month employees or 90 days for employees who work less than 12 months (up to 120 days)
unused at the time of calculation. All fulltime employees earn vacation at rates depending on length of service;
however, accumulated vacation days beyond 20 are converted to sick leave if not used by July 31 of the fiscal
year following the year earned. The current and long-term liabilities, including related benefits, for accumulated
vacation and sick leave are reported in the governmentwide financial statements. A liability for these amounts
is reported in governmental funds only if they have matured, for example, as a result of employee leave,
resignations, and retirements. Generally, resources from the General Fund are used to pay for compensated
absences.
Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as
liabilities in the governmental activities statement of net position. Bond premiums and discounts are amortized
over the term of the bonds using the straight-line method, which estimates the effective interest rate method.
Bonds payable are reported net of the applicable bond premium or discount.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as
bond issuance costs, during the current period. The face amount of debt issued is reported as an other financing
source. Premiums received on debt issuances are reported as an other financing source while discounts on debt
issuances are reported as an other financing use. Issuance costs, whether withheld from the actual debt proceeds
received, are reported as debt service expenditures.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
24
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Assets, Deferred Outflows of Resources, liabilities, Deferred Inflows of Resources and Net Position or Equity
(Continued)
Pensions Plans and Other Postemployment Benefits (OPEB)
For purposes of measuring the net pension/OPEB (asset) liability, deferred outflows of resources and deferred
inflows of resources related to pensions/OPEB, and pension/OPEB expense, information about the fiduciary net
position of the Arizona State Retirement System (ASRS) and additions to/deductions from ASRS’s fiduciary net
position have been determined on the same basis as they are reported by ASRS or by actuaries for the District
single employer OPEB plan. 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.
Deferred Inflows of Resources
The deferred inflows of resources reported in the governmental fund financial statements represent resources
that are not available to the District as of June 30, 2022 or within 60 days of fiscal year end. The deferred inflows
of resources represent a reconciling item between the governmental fund and the government-wide financial
statements. The District also recognizes the acquisition of net position that is applicable to a future reporting
period as deferred inflows of resources. Reported amounts are related to the requirements of accounting and
financial reporting for pensions/OPEB under GASB 68 and GASB 75.
Net Position
In the government-wide financial statements, net position is reported in three categories: investment in capital
assets; restricted net position; and unrestricted net position. The investment in capital assets is separately
reported because the District’s capital assets make up a significant portion of total net position. Restricted net
position account for the portion of net position restricted by parties outside the District. Unrestricted net position
is the remaining net position not included in the previous two categories.
Fund Balance
Fund balances of the governmental funds are reported separately within classifications based on a hierarchy of
the constraints placed on the use of those resources. 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,
committed, assigned, and unassigned fund balance classifications. It is the District’s policy to utilize restricted
fund balances first, then committed, assigned and unassigned fund balances when resources are available for
the same purpose.
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.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
25
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Assets, Deferred Outflows of Resources, liabilities, Deferred Inflows of Resources and Net Position or Equity
(Continued)
Fund Balance (continued)
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 committed fund balances are self-
imposed limitations approved by the District’s Governing Board, which is the highest level of decision- making
authority within the District. Only the District’s Governing Board can remove or change the constraints placed
on committed fund balances through formal board action at a public meeting. Fund balances must be
committed prior to fiscal year-end. Assigned fund balances are resources constrained by the District’s intent to
be used for specific purposes but are neither restricted nor committed. The Governing Board has authorized the
Chief Financial Officer, through formal action at a board meeting, to make assignments of resources for specific
purposes. 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.
Fund balances at the end of the fiscal year are as follows:
General Fund
Classroom Site
Fund
Special Projects
Fund
Debt Service
Fund
Non-Major
Governmental
Funds
Total
Governmental
Activities
Nonspendable
Prepaids 14,751,646$ -$ -$ -$ -$ 14,751,646$
Inventory 902,013 - - - 356,738 1,258,751
Total nonspendable 15,653,659 - - - 356,738 16,010,397
Restricted
- 24,588,437 - - - 24,588,437
Instructional improvement programs - - - - 3,161,909 3,161,909
Federal and state instructional programs - - 4,032,189 - - 4,032,189
Food service - - - - 12,022,404 12,022,404
Civic center - - - - 2,197,930 2,197,930
Community programs - - - - 1,623,505 1,623,505
Career technical educational programs - - - - 2,021,268 2,021,268
Extracurricular activities - - - - 3,613,436 3,613,436
Other special revenues - - - - 442,893 442,893
Student activities - - - - 1,678,741 1,678,741
Capital projects - - - - 7,350,171 7,350,171
Debt service - - - 972,708 - 972,708
Total restricted - 24,588,437 4,032,189 972,708 34,112,257 63,705,591
Unassigned 73,595,204 - - - - 73,595,204
Total 89,248,863$ 24,588,437$ 4,032,189$ 972,708$ 34,468,995$ 153,311,192$
Teacher compensation and other qualified
programs (A.R.S. 15-977)
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
26
NOTE 2 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
The District adopts an annual operating budget for expenditures for all governmental fund types on essentially
the same modified accrual basis of accounting used to record actual expenditures (See Notes to Required
Supplementary Information for exceptions). The Governing Board presents a proposed budget to the
Superintendent of Public Instruction and County School Superintendent on or by July 5. The Governing Board
legally adopts the final budget by July 15, after a public hearing has been held. Once adopted the budget can be
increased or decreased only for specific reasons set forth in the A.R.S. All appropriations lapse at year-end.
Budgetary control over expenditures is exercised at the fund level. However, the General Fund is budgeted within
four subsections (see preceding description of General Fund), any of which may be over-expended with the prior
approval of the Governing Board at a public meeting, providing the expenditures for all subsections do not exceed
the General Fund’s total budget.
An annual budget of revenue from all sources for the fiscal year is not prepared.
The following funds exceeded the final revised budget:
Budget Actual Excess
Food Service Fund 14,938,000$ 15,840,602$ 902,602$
Student Activities Fund 1,370,000 1,591,877 221,877
Expenditures and Other Uses
Cash balances were available in the Food Service and Student Activities Funds to account for the excess spending
of expenditures over budget and this did not constitute a violation of any legal provision.
NOTE 3 – DEPOSITS AND INVESTMENTS
Deposits and investments at June 30, 2022 consist of the following:
Deposits:
Cash on hand 7,413$
Cash in bank 143,688
Investments:
Cash on deposit with county treasurer 100,512,232
Total deposits and investments 100,663,333$
Deposits
Custodial Credit Risk – This is the risk that, in the event of a failure by a counterparty, the District will not be able
to recover its deposits or collateralized securities that are in the possession of an outside party. The District had
a carrying value of $143,688 for cash on deposit with a local financial institution and a bank balance of $2,965,008
at June 30, 2022. The District does not have a formal policy regarding custodial credit risk. However, of the bank
balance, $500,000 was insured by federal depository insurance and $2,465,008 collateralized by the State of
Arizona Pooled Collateral Program.
Investments
At June 30, 2022, the District’s investments were reported at fair value. The District’s investments consisted of
only cash on deposit with the CountyTreasurer.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
27
NOTE 3 – DEPOSITS AND INVESTMENTS (CONTINUED)
Custodial Credit Risk – The District’s investment in the County Treasurer’s investment pools represents a
proportionate interest in those pools’ portfolios; however, the District’s portion is not identified with any specific
investment and is not subject to custodial credit risk.
Interest Rate Risk – The District does not have a formal investment policy regarding interest rate risk; however,
the District manages its exposure to declines in fair values by limiting the average maturity of its investment
portfolio to one year or less.
Credit Risk – The District does not have a formal investment policy regarding credit risk. However, the District is
prohibited by state law from investing in investments other than State and County Treasurer’s investment pools,
U.S. Treasury obligations, specified state and local government bonds and interest-earning investment contracts
such as savings accounts, certificates of deposit, and repurchase agreements. The District’s investment in the
County Treasurer’s investment pool did not receive a credit quality rating from a national rating agency.
Concentration of Credit Risk – The District does not have a formal investment policy that addresses concentration
of credit risk; all investment are recorded with the County Treasurer or is on deposit with the trustee.
NOTE 4 – RECEIVABLES
Property taxes are recognized as revenues in the fiscal year they are levied in the government-wide financial
statements and represent a reconciling item between the government-wide and fund financial statements. In
the fund financial statements property taxes are recognized as revenues in the fiscal year they are levied and
collected or if they are collected within 60 days subsequent to fiscal year-end. Property taxes not collected within
60 days subsequent to fiscal year-end or collected in advance of the fiscal year for which they are levied are
reported as deferred inflows of resources.
Governmental funds report deferred inflows of resources in connection with receivables for revenues that are
not considered to be available to liquidate liabilities of the current period. Governmental funds also record
unearned revenue in connection with resources that have been received, but not yet earned. The District did not
report any unearned revenue.
At the end of the current fiscal year, the various components of deferred inflows of resources reported in the
governmental funds were as follows:
Unavailable
Delinquent property taxes receivable:
General Fund 8,171,111$
Debt Service Fund 222,883
Total 8,393,994$
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
28
NOTE 5 – CAPITAL ASSETS
The capital assets at June 30, 2022 are as follows:
Balance Balance
July 01, 2021 Additions Deductions June 30, 2022
Capital assets not being depreciated
Land 52,415,620$ -$ -$ 52,415,620$
Construction in progress 1,942,391 9,331,931 (2,810,620) 8,463,702
Total capital assets not being depreciated 54,358,011 9,331,931 (2,810,620) 60,879,322
Capital assets being depreciated
Land improvements 109,182,893 948,920 - 110,131,813
Buildings and improvements 561,343,368 5,301,072 - 566,644,440
Vehicles, equipment, and furniture 57,746,482 2,411,040 (4,294,954) 55,862,568
Total capital assets being depreciated 728,272,743 8,661,032 (4,294,954) 732,638,821
Less accumulated depreciation
Land improvements (71,314,104) (3,963,765) - (75,277,869)
Buildings and improvements (293,232,466) (17,961,901) - (311,194,367)
Vehicles, equipment, and furniture (40,277,326) (3,885,400) 4,143,612 (40,019,114)
Total accumulated depreciation (404,823,896) (25,811,066) 4,143,612 (426,491,350)
Total capital assets, being depreciated, net 323,448,847 (17,150,034) (151,342) 306,147,471
Governmental activities capital assets, net 377,806,858$ (7,818,103)$ (2,961,962)$ 367,026,793$
Depreciation expenses was charged to governmental functions as follows:
Governmental Activities:
Instruction 14,548,137$
Support Services:
Students 29,909
Instructional Staff 14,215
General Administration 24,065
School Administration 46,934
Business and Other Support Services 1,044,570
Operations and Maintenance of Plant 7,565,286
Student Transportation 2,459,782
Operation of Noninstructional Services 78,168
25,811,066$
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
29
NOTE 5 – CAPITAL ASSETS (CONTINUED)
As of June 30, 2022, the District reported the following construction commitments:
Estimated
Project Spent-to-date remaining
Frontier Elementary Weatherproofing 50,290$ 280,631$
Cactus High School Land Improvements 515,835 234,516
Ironwood High School Roofing Project 4,124,347 1,500,000
Centennial High School Roofing Project 2,350,498 3,500,000
Other 1,422,732 -
Total 8,463,702$ 5,515,147$
Governmental activities
NOTE 6 – INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS
As of June 30, 2022, interfund receivables and payables were as follows:
Due to other funds General Fund
Nonmajor Governmental Funds 4,281,879$
Special Projects Fund 17,034,367
Total 21,316,246$
Due from other
funds
The above interfund receivable and payable are due to cash shortfalls at June 30, 2022. Cash will be received
subsequent to June 30, 2022 to repay the short-term borrowings.
Interfund transfers for the year ended June 30, 2022 consisted of the following:
Transfer to
Special Projects
Fund
Nonmajor
Governmental
Funds
Total
General fund 767,931$ 1,841,843$ 2,609,774$
Transfer from
Transfers were made to record indirect costs transferred to the indirect cost pool for various federal grants.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
30
NOTE 7 – LONG-TERM OBLIGATIONS
Compensated Absences
Compensated absences are paid from various funds in the same proportion that those funds pay payroll costs.
During fiscal year ended June 30, 2022, the District paid for compensated absences from the General Fund.
General Obligation Bonds Payable
The District has long-term bonds payable issued to provide funds for the acquisition and construction of major
capital facilities. Bonds payable at year end consisted of the following outstanding general obligation and
refunding bonds. Property taxes from the Debt Service Fund are used to pay bonded debt. The District’s net full
cash assessed value is $3.1 billion, and the legal debt margin is $760 million.
General obligation bonds currently outstanding are as follows:
Interest Rate Maturity Original Issue Balance
Governmental Activities:
Refunding Bonds, Series 2012 (Class A) 2.00 - 5.00% 7/1/22-25 44,065,000$ 4,310,000$
School Improvement Bonds, Series 2013 (Class B) 2.00 - 5.00% 7/1/26-33 44,200,000 30,975,000
School Improvement Bonds, Series 2014 (Class B) 2.00 - 4.50% 7/1/26-34 27,000,000 20,000,000
School Improvement Bonds, Series 2015 (Class B) 3.00 - 5.00% 7/1/26-35 26,000,000 20,000,000
Refunding Bonds, Series 2015 (Class B) 2.00 - 5.00% 7/1/22-25 68,035,000 29,425,000
School Improvement Bonds, Series 2016 (Class B) 2.00 - 5.00% 7/1/22-36 28,000,000 22,000,000
School Improvement Bonds, Series 2017 (Class B) 2.00 - 5.00% 7/1/23-36 17,430,000 16,870,000
School Improvement Bonds, Series 2018 (Class B) 3.00 - 5.00% 7/1/26-36 16,125,000 14,850,000
School Improvement Bonds, Series 2019 (Class B) 2.00 - 5.00% 7/1/26-36 16,115,000 8,575,000
167,005,000$
Purpose
Annual debt service requirement to maturity on general obligation bonds at year end are summarized as follows:
Year ended, June 30, Principal Interest
2023 13,940,000$ 6,901,944$
2024 13,745,000 6,426,694
2025 10,065,000 5,924,694
2026 9,425,000 5,524,594
2027 9,810,000 5,110,094
2028-2032 55,740,000 18,895,394
2033-2036 54,280,000 5,490,200
Total 167,005,000$ 54,273,613$
Governmental Activities
Financed Purchases
The District has acquired various energy and water conservation equipment under the provision of long-term
financing. The total principal value of the financed purchases was $10,260,250 with an interest rate of 3.2%.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
31
NOTE 7 – LONG-TERM OBLIGATIONS (CONTINUED)
The assets acquired through financed purchases that meet the District’s capitalization threshold are as follows:
Governmental
Activities
Asset:
Building improvements 10,260,250$
Less: accumulated depreciation (5,931,448)
Total 4,328,802$
The future minimum obligations and the net present value of these minimum payments at year end were as
follows:
Governmental
Year ending June 30: Activities
2023 1,291,000$
2024 1,330,000
2025 1,373,000
2026 1,440,107
2027 364,702
Total minimum lease payments 5,798,809
Less: amount representing interest (406,918)
Present value of net minimum capital lease payments 5,391,891$
Changes in long-term liabilities for the year ended June 30, 2022 are summarized as follows:
Balance Balance Due Within
July 01, 2021 Additions Deductions June 30, 2022 One Year
General obligation bonds 185,125,000$ -$ (18,120,000)$ 167,005,000$ 13,940,000$
Unamortized premium 11,091,686 - (1,329,285) 9,762,401 -
Financed purchases 6,451,724 - (1,059,833) 5,391,891 1,131,657
Compensated absences 10,418,247 7,251,246 (7,617,938) 10,051,555 4,179,900
Net pension liabiltity 275,872,852 - (67,571,471) 208,301,381 -
Single employer OPEB plan 22,188,714 - (3,547,135) 18,641,579 2,552,000
Multiple employer OPEB plan 1,195,837 - (871,831) 324,006 -
Total 512,344,060$ 7,251,246$ (100,117,493)$ 419,477,813$ 21,803,557$
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
32
NOTE 8 – RISK MANAGEMENT
The District 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 in conjunction with providing medical insurance and
related benefits to employees.
Valley Schools Insurance Trust was initially formed in 1988 by the Peoria Unified School District and two other
school districts to provide property and liability insurance coverage through a self- insurance model. These same
three districts formed the Valley Schools Workers’ Compensation Pool in 1995 to provide mandated insurance
coverage, and the Valley Schools Employee Benefit Trust in 2005 to provide employee health insurance coverage
for employees of participating members. Valley Schools Management Group was formed in 2005 to manage the
daily operations of the three insurance groups to provide administrative and management services pursuant to
A.R.S. 11-952 and 11-952.01. The original Trusts and Management Group incorporated effective July 1, 2017 in
accordance with A.R.S. 29-2203 and the conversion was approved by Peoria USD’s Governing Board on June 8,
2017. Valley Schools Groups are separate legal entities from their affiliated school districts and are operated
independently from related state or local governments. The District pays an annual premium to Valley Schools
Insurance Group (VSIG) for its general insurance coverage. The agreement provides that VSIG will be self-
sustaining through members’ premiums and will reinsure through commercial companies for claims in excess of
specified amounts of each insured event.
The District’s employees have health, dental, life, and accident insurance coverage with the Valley Schools
Employee Benefits Group (VSEBG), a public entity risk pool operating as a common risk management and
insurance program for school districts in the state. The District pays an annual premium to VSEBG for employees’
health and accident insurance coverage. The agreement provides that VSEBG will be self-sustaining through
members’ premiums and will reinsure through commercial companies for claims in excess of specified amount of
each insured event. The District pays annual premiums to Valley Schools Workers’ Compensation Group (VSWCG)
for its employee workers’ compensation coverage. The agreement provides that VSWCG will be self-sustaining
through members’ premiums and will reinsure through commercial companies for claims in excess of specified
amounts for each insured event. Settled claims resulting from insurance risks have not exceeded commercial
insurance coverage in any of the past three fiscal years.
VSIG, VSEBG, and VSWCG are all managed by Valley School’s Management Group (VSMG) and pay an annual fee
for the management services that are provided. The Chief Financial Officer of the District has been appointed by
the District’s Governing Board to serve on the boards for VSMG, VSIG, VSEBG and VSWCG. The Groups are not
considered component units of the District, and during the year ended June 30, 2022, the District paid VSIG,
VSEBG, and VSWCG $2,400,000, $20,840,000, and $1,675,000, respectively for District insurance expenses
(excluding employee voluntary deductions and prepaid insurance). At June 30, 2022, there was no reported
payment amounts due to VSIG, VSEBG or VSWCG.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
33
NOTE 9 – CONTINGENCIES
Compliance – Amounts received or due from grantor agencies are subject to audit and adjustment by grantor
agencies, principally the federal government. Any disallowed claims, including amounts already collected, may
constitute a liability. The amount, if any, of expenditures/expenses that may be disallowed by the grantor cannot
be determined at this time, although the District expects such amounts, if any, to be immaterial.
Arbitrage – Under the tax Reform Act of 1986, interest earned on the debt proceeds in the excess of interest
expense or expenditure prior to the disbursement of the proceeds must be repaid to the Internal Revenue Service.
Management believes there is no tax arbitrage rebate liability at year-end.
Lawsuits – The District is a defendant in various lawsuits and is vigorously defending those claims. In the opinion
of the District’s attorney, neither the outcome of these lawsuits or the estimated liability to the District in the event
of an unfavorable decision for the District is presently determinable.
NOTE 10 – PENSION PLANS
Cost Sharing Pension Plan
At June 30, 2022, the District reported the following related to pension/OPEB to which it contributes:
Net Pension Net OPEB
Liability (Asset) Liability (Asset)
Net assets $ - $ (7,596,744)
Net liability 208,301,381 324,006
Deferred outflows of resources 52,861,735 1,313,186
Deferred inflows of resources 66,715,682 6,437,640
Expense 19,049,749 (638,180)
Contributions 22,457,887 734,976
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
34
NOTE 10 – PENSION PLANS (CONTINUED)
Arizona State Retirement System
Plan Description
District employees 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); 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.
Benefits Provided
The ASRS provides retirement, health insurance premium supplement, long-term 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:
Before July 1, 2011 On or After July 1, 2011
Years of service and Sum of years and age equals 80 30 years, age 55
age required to 10 years, age 62 25 years, age 60
receive benefit 5 years, age 50* 10 years, age 62
Any years, age 65 5 years, age 50*
Any years, age 65
Final average salary
is based on
Highest 36 consecutive months of
last 120 months
Highest 60 consecutive months of
last 120 months
Benefit percent per 2.1% to 2.3% 2.1% to 2.3%
year of service
*With actuarially reduced benefits.
Retirement Initial
Membership Date:
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 earning. 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.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
35
NOTE 10 – PENSION PLANS (CONTINUED)
Arizona State Retirement System (Continued)
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, active ASRS members were required by statute to contribute at the actuarially
determined rate of 12.41% (12.22% for retirement and 0.19% for long-term disability) of the members’ annual
covered payroll, and the District was required by statute to contribute at the actuarially determined rate of 12.41%
(12.01% for retirement, 0.21% for health insurance premium benefit, and 0.19% for long-term disability) of the
active members’ annual covered payroll. In addition, the District was required by statute to contribute at the
actuarially determined rate of 10.22% (10.13 percent for retirement and 0.09 percent for long-term disability) of
annual covered payroll of retired members who worked for the District in positions that an employee who
contributes to the ASRS would typically fill. The District’s contributions to the pension, health insurance premium
benefit, and long-term disability plans for the year ended June 30, 2022, were $22,457,887, $392,686, and $342,290,
respectively.
During the fiscal year ended June 30, 2022, the District paid for ASRS pension as follows: 80% from the General
Fund, 7% from the Classroom Site Fund, 8% from the Special Projects Fund and 5% from nonmajor governmental
funds.
Pension Liability
At June 30, 2022, the District reported the following asset and liabilities for its proportionate share of the ASRS’
net pension/OPEB asset or liability.
Net District Increase
(Assets) Liability % Proportion (Decrease)
Pension 208,301,381$ 1.58530% -0.00690%
Health insurance premium benefit (7,596,744) 1.55924% -0.00982%
Long-term disability 324,006 1.56961% -0.00674%
The net asset and net 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.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
36
NOTE 10 – PENSION PLANS (CONTINUED)
Arizona State Retirement System (Continued)
Pension Liability (Continued)
The District’s proportion of the net asset or net liability was based on the District’s actual contributions to the
plan relative to the total of all participating employers’ contributions for the year ended June 30, 2021, and the
change from its proportions measured as of June 30, 2020, were noted on the previous page.
Expense
For the year ended June 30, 2022 the District recognized the following pension and OPEB expense.
Pension/OPEB
Expense
Pension 19,022,785$
Health insurance premium benefit (849,318)
Long-term disability 245,296
Deferred Outflows/Inflows of Resources
At June 30, 2022, the District reported deferred outflows of resources and deferred inflows of resources related
to pensions from the following sources:
Health Insurance Long-Term
Pension Premium Benefit Disability
Differences between expected and actual experience 3,175,363$ -$ 93,592$
Changes of assumptions or other inputs 27,112,090 376,624 103,622
Changes in proportion and differences between
contributions and proportionate share of contributions 116,395 2,785 1,587
Contributions subsequent to the measurement date 22,457,887 392,686 342,290
Total 52,861,735$ 772,095$ 541,091$
Health Insurance Long-Term
Pension Premium Benefit Disability
Differences between expected and actual experience -$ 2,634,565$ 26,404$
Changes of assumptions or other inputs - 307,140 408,254
Net difference between projected and actual earnings on
pension plan investments 65,997,205 2,818,008 224,395
Changes in proportion and differences between
contributions and proportionate share of contributions 718,477 3,044 15,830
Total 66,715,682$ 5,762,757$ 674,883$
Deferred Outflows of Resources
Deferred Inflows of Resources
The $23,192,863 reported as deferred outflows of resources related to ASRS pensions and OPEB resulting from
District contributions subsequent to the measurement date will be recognized as an increase of the net asset or
a reduction of the net liability in the year ending June 30, 2023. Other amounts reported as deferred outflows
of resources and deferred inflows of resources related to ASRS pensions and OPEB will be recognized in expenses
as noted on the following page.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
37
NOTE 10 – PENSION PLANS (CONTINUED)
Arizona State Retirement System (Continued)
Health Insurance Long-Term
Year Ending June 30: Pension Premium Benefit Disability
2023 572,625$ (1,262,835)$ (65,301)$
2024 407,677 (1,210,235) (61,399)
2025 (14,549,003) (1,326,471) (69,511)
2026 (22,743,133) (1,465,621) (103,461)
2027 - (118,186) (39,389)
Thereafter - - (137,021)
Total (36,311,834)$ (5,383,348)$ (476,082)$
Deferred Outflows (Inflows) of Resources
Actuarial Assumptions
The significant actuarial assumptions used to measure the total pension liability are as follows:
Pensions
Actuarial valuation date June 30, 2020 June 30, 2020 June 30, 2020
Actuarial roll forward date June 30, 2021 June 30, 2021 June 30, 2021
Actuarial cost method Entry age normal Entry age normal Entry age normal
Investment rate of return 7.0% 7.0% 7.0%
Projected salary increases 2.9-8.4% Not applicable Not applicable
Inflation rate 2.3% 2.3% 2.3%
Permanent base increases Included Not applicable Not applicable
Mortality rates 2017 SRA Scale U-MP 2017 SRA Scale U-MP Not applicable
Recovery rates Not applicable Not applicable 2012 GLDT
Health Insurance Premium
Benefit Long-Term Disability
Actuarial assumptions used in the June 30, 2020, valuation were based on the results of an actuarial study for
the 5-year period ended June 30, 2020.
The long-term expected rate of return on ASRS plan investments was determined to be 7.00% 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 arithmetic real rates of return for each major asset class are summarized in the following table:
Target Geometric Real
Asset Class Allocation Rate of Return
Equity 50% 4.90% 2.45%
Fixed income - credit 20% 5.20% 1.04%
Fixed income - interest
rate sensitive 10% 0.70% 0.07%
Real Estate 20% 5.70% 1.14%
Total 100% 4.70%
Long term
Contribution to
Expected Real
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
38
NOTE 10 – PENSION PLANS (CONTINUED)
Arizona State Retirement System (Continued)
Discount Rate –The discount rate used to measure the ASRS total pension/OPEB liability was 7.00%, 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 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 statutes. Based on those assumptions, the pension plan’s fiduciary net position was projected to be
available to make all projected future benefit payments of current plan members. The long-term expected rate of
return on pension plan investments was applied to all periods of projected benefit payments to determine the
total pension/OPEB liability.
Sensitivity of the District’s Proportionate Share of the ASRS Net Pension/OPEB (Asset) Liability to
Changes in the Discount Rate
The following table presents the District’s proportionate share of the net pension/OPEB (asset) liability calculated
using the discount rate of 7.00%, as well as what the District’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 (6.00%) or 1
percentage point higher (8.00%) than the current rate.
Current
1% Decrease Discount Rate 1% Increase
(6.0%) (7.0%) (8.0%)
Pension 327,640,626$ 208,301,381$ 108,805,471$
Health insruance premium benefit (5,029,836) (7,596,744) (9,779,467)
Long-term disability 421,900 324,006 229,291
Proportionate share of the net liability (asset)
Plan Fiduciary Net Position –Detailed information about the plan’s fiduciary net position is available in the
separately issued ASRS financial report.
Contributions payable - The District’s accrued payroll and employee benefits included $924,462 of outstanding
pension and OPEB amounts payable to ASRS for the year ended June 30, 2022.
NOTE 11 – SINGLE EMPLOYER OTHER POSTEMPLOYMENT BENEFIT (OPEB) PLANS
Plan Description
The District provides postretirement insurance (health benefits), for certain retirees, in accordance with the Post
Employment Benefit Plan. The plan is a single employer defined benefit plan administered by the Arizona State
Retirement System (ASRS).
To be eligible for District-paid benefits, a retiree must have attained eligibility for early retirement under the
Arizona State Retirement System (ASRS) and reached the later of age 50 and completion of at least 25 years of
full-time service with the District. The retiree must have not yet reached the age for commencement of Medicare
benefits (age 65) at the time of retirement. In addition, the retiree must participate in one of the ASRS health plans.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
39
NOTE 11 – SINGLE EMPLOYER OTHER POSTEMPLOYMENT BENEFIT (OPEB) PLANS
Plan Description (Continued)
Employees hired before July 1, 2004 and retiring on or after July 1, 2013 with between 25 and 30 years of full-time
service at retirement will be subject to a District cap of $491/month. Employees hired before July 1, 2004 and
retiring on or after July 1, 2013 with at least 30 years of full-time service at retirement will be subject to
a District cap of $591/month.
In all cases the District contribution will be limited to the single employee premium under ASRS, offset by
$150/month, which is assumed to be the amount of the State Retiree Premium Benefit by which the retiree's
premiums are offset on the part of ASRS. Employees who retired prior to July 1, 2013, are not subject to the dollar
caps described above. They have a maximum reimbursement from the District that is equal to the single-employee
premium offset by $150/month. Employees hired on or after July 1, 2004, are not eligible for District-paid retiree
health benefits.
Benefits Provided
The District provides postretirement insurance medical benefits (OPEB), in accordance with the District’s Post
Employment Benefit Plan, to eligible employees. As of the most recent actuarial valuation where census data was
accumulated, 315 retirees meet those eligibility requirements.
Number of
Participants
Retirees receiving benefits 315
Active employees 581
Total 896
Funding Policy
For each eligible retiree, the District pays for postemployment benefits on a pay-as-you-go basis. Generally,
resources from the General Fund are used to pay these benefits. These financial statements assume that pay-as-
you-go funding will continue.
Total OPEB Liability
The District’s total OPEB liability of $18,641,579 had a measurement date through June 30, 2022, and an actuarial
valuation date of July 1, 2021.
Actuarial Methods and Assumptions
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood
by the employer and plan members) and include the types of benefits provided at the time of each valuation and
the historical pattern of sharing of benefit costs between the employer and plan members to that point. The
actuarial methods and assumptions used include techniques that are designed to reduce the effects of short-term
volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective
of the calculations.
Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of
the occurrence of events far into the future. Actuarially determined amounts are subject of continual revision as
actual results are compared to past expectations and new estimates are made about the future.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
40
NOTE 11 – SINGLE EMPLOYER OTHER POSTEMPLOYMENT BENEFIT (OPEB) PLANS
Actuarial Methods and Assumptions (Continued)
The total OPEB liability as of June 30, 2022, was determined using the following actuarial assumptions and other
inputs, applied to all periods included in the measurement, unless otherwise specified.
Valuation date June 30, 2021
Measurement date June 30, 2022
Fiscal year July 1st to June 30th
Actuarial cost methods Entry age
Inflation rate 3.00%
Discount rate 3.69%
Payroll increase 3.00%
Healthcare cost trend rate 5.75%
Pre-retirement mortality rates were based on the RP-2014 Employee Mortality Table for Males or Females, as
appropriate, without projection. Post-retirement mortality rates were based on the RP-2014 Health Annuitant
Mortality Table for Males or Females, as appropriate, without projection.
Changes in Total OPEB Liability
The following table shows the changes in OPEB liability for the year ended June 30, 2022.
Balance July 1, 2021 22,188,714$
Changes for the year:
Service cost 146,199
Interest 411,408
Changes of assumptions (1,896,381)
Difference between expected and actual experience 344,384
Benefit payments (2,552,745)
Net change (3,547,135)
Balance June 30, 2022 18,641,579$
Sensitivity Results
The following presents the total OPEB liability of the District,as well as what the District’s total OPEB liability would
be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher
than the current discount rate:
Discount Rate Current Discount Rate
1% Lower Discount Rate 1% Higher
(2.69%) (3.69%) (4.69%)
Net OPEB liability 19,691,288$ 18,641,579$ 17,671,733$
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2022
41
NOTE 11 – SINGLE EMPLOYER OTHER POSTEMPLOYMENT BENEFIT (OPEB) PLANS
Sensitivity Results (Continued)
The following presents the total OPEB liability of the District, as well as what the District’s total OPEB liability would
be if it were calculated using healthcare cost trend rates that are one percentage point lower or one percentage
point higher than the current healthcare cost trend rates:
1% decrease in Current 1% increase in
healthcare cost healthcare cost healthcare cost
trend ratestrend ratestrend rates
Net OPEB liability 18,582,813$ 18,641,579$ 18,701,458$
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB
For the year ended June 30, 2022, the District recognized OPEB expense of $363,351. At June 30, 2022, the District
reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following
sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and
actual experience 251,307$ 481,094$
Change in assumptions or other inputs 739,584 1,383,846
990,891$ 1,864,940$
Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be
recognized in OPEB expense as follows:
Deferred
Outflows/(Inflows)
Year Ended June 30, of Resources
2023 (290,346)$
2024 (290,080)
2025 (293,623)
(874,049)$
NOTE 12 – SUBSEQUENT EVENTS
On September 30, 2022, the U.S. Department of Education’s Office for Civil Rights (OCR) announced the resolution
of a complaint of racial harassment filed against Peoria Unified School District in Arizona. The OCR determined
that the District failed to address harassment of students on the basis of race, color, and national origin at Vistancia
Elementary School, in violation of Title VI of the Civil Rights Act of 1964 and its implementing regulations. As a
recipient of federal financial assistance from the Department of Education, the District is subject to Title VI and its
regulations. Upon being advised of the violation findings and compliance concerns, the District entered into a
Resolution Agreement to resolve the matters. The OCR will monitor the implementation of the Agreement until
the District is in compliance with its terms and the statutory and regulatory obligations under Title VI that were at
issue in the case. The monitoring of this case will be completed when OCR determines that the District has fulfilled
all terms of the Agreement.
REQUIRED SUPPLEMENTARY INFORMATION OTHER
THAN MD&A
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
SC
H
E
D
U
L
E
O
F
T
H
E
D
I
S
T
R
I
C
T
’
S
P
R
O
P
O
R
T
I
O
N
A
T
E
S
H
A
R
E
O
F
N
E
T
P
E
N
S
I
O
N
L
I
A
B
I
L
I
T
Y
A
N
D
C
O
N
T
R
I
B
U
T
I
O
N
S
CO
S
T
S
H
A
R
I
N
G
P
E
N
S
I
O
N
P
L
A
N
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
Se
e
a
c
c
o
m
p
a
n
y
i
n
g
N
o
t
e
s
t
o
R
e
q
u
i
r
e
d
S
u
p
p
l
e
m
e
n
t
a
r
y
I
n
f
o
r
m
a
t
i
o
n
42
SC
H
E
D
U
L
E
O
F
T
H
E
P
R
O
P
O
R
T
I
O
N
A
T
E
S
H
A
R
E
O
F
T
H
E
N
E
T
P
E
N
S
I
O
N
L
I
A
B
I
L
I
T
Y
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
(2
0
2
1
)
(
2
0
2
0
)
(
2
0
1
9
)
(
2
0
1
8
)
(
2
0
1
7
)
(
2
0
1
6
)
(
2
0
1
5
)
(
2
0
1
4
)
(
2
0
1
3
)
Pr
o
p
o
r
t
i
o
n
o
f
t
h
e
n
e
t
p
e
n
s
i
o
n
l
i
a
b
il
i
t
y
1
.
5
8
5
3
0
%
1
.
5
9
2
2
0
%
1
.
5
8
9
3
9
%
1
.
5
8
4
9
0
%
1
.
6
3
0
9
2
%
1
.
5
4
5
9
6
%
1
.
4
8
8
2
2
%
1
.
4
8
1
5
3
%
1
.
5
7
9
9
1
%
Pr
o
p
o
r
t
i
o
n
a
t
e
s
h
a
r
e
o
f
t
h
e
n
e
t
pe
n
s
i
o
n
l
i
a
b
i
l
i
t
y
2
0
8
,
3
0
1
,
3
8
1
$
2
7
5
,
8
7
2
,
8
5
2
$
2
3
1
,
2
7
4
,
7
3
8
$
2
2
1
,
0
3
7
,
7
7
3
$
2
5
4
,
0
6
5
,
5
4
5
$
2
4
9
,
5
3
3
,
4
7
4
$
2
3
1
,
8
1
2
,
3
5
3
$
2
1
9
,
2
1
6
,
2
1
6
$
2
6
2
,
6
4
9
,
6
3
2
$
Co
v
e
r
e
d
p
a
y
r
o
l
l
1
7
0
,
9
3
8
,
8
9
6
$
1
6
6
,
5
7
2
,
6
3
9
$
1
6
6
,
8
0
6
,
9
5
1
$
1
6
0
,
0
2
1
,
0
5
0
$
1
6
2
,
7
2
8
,
6
6
0
$
1
4
8
,
5
2
4
,
6
1
3
$
1
4
3
,
0
3
2
,
1
1
8
$
1
3
8
,
6
3
8
,
9
0
4
$
1
2
4
,
2
9
4
,
4
9
8
$
Pr
o
p
o
r
t
i
o
n
a
t
e
s
h
a
r
e
o
f
t
h
e
n
e
t
p
e
n
s
i
o
n
li
a
b
i
l
i
t
y
a
s
a
p
e
r
c
e
n
t
a
g
e
o
f
i
t
s
co
v
e
r
e
d
p
a
y
r
o
l
l
1
2
1
.
8
6
%
1
6
5
.
6
2
%
1
3
8
.
6
5
%
1
3
8
.
1
3
%
1
5
6
.
1
3
%
1
6
8
.
0
1
%
1
6
2
.
0
7
%
1
5
8
.
1
2
%
2
1
1
.
3
1
%
Pl
a
n
f
i
d
u
c
i
a
r
y
n
e
t
p
o
s
i
t
i
o
n
a
s
a
p
e
r
c
e
n
t
a
g
e
of
t
h
e
t
o
t
a
l
p
e
n
s
i
o
n
l
i
a
b
i
l
i
t
y
7
8
.
5
8
%
6
9
.
3
3
%
7
3
.
2
4
%
7
3
.
4
0
%
6
9
.
9
2
%
6
7
.
0
6
%
6
8
.
3
5
%
6
9
.
4
9
%
N
/
A
SC
H
E
D
U
L
E
O
F
C
O
N
T
R
I
B
U
T
I
O
N
S
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
Ac
t
u
a
r
i
a
l
l
y
d
e
t
e
r
m
i
n
e
d
c
o
n
t
r
i
b
u
t
i
o
n
2
2
,
4
5
7
,
8
8
7
$
2
0
,
7
3
5
,
1
1
6
$
1
9
,
9
0
1
,
9
3
0
$
1
7
,
9
6
3
,
7
4
5
$
1
7
,
1
6
1
,
2
7
3
$
1
7
,
1
4
8
,
6
2
9
$
1
5
,
7
0
5
,
7
2
3
$
1
5
,
2
0
0
,
3
9
0
$
1
4
,
2
8
9
,
8
0
8
$
Co
n
t
r
i
b
u
t
i
o
n
s
i
n
r
e
l
a
t
i
o
n
t
o
t
h
e
ac
t
u
a
r
i
a
l
l
y
d
e
t
e
r
m
i
n
e
d
c
o
n
t
r
i
b
u
t
i
o
n
2
2
,
4
5
7
,
8
8
7
2
0
,
7
3
5
,
1
1
6
1
9
,
9
0
1
,
9
3
0
1
7
,
9
6
3
,
7
4
5
1
7
,
1
6
1
,
2
7
3
1
7
,
1
4
8
,
6
2
9
1
5
,
7
0
5
,
7
2
3
1
5
,
2
0
0
,
3
9
0
1
4
,
2
8
9
,
8
0
8
Co
n
t
r
i
b
u
t
i
o
n
d
e
f
i
c
i
e
n
c
y
(
e
x
c
e
s
s
)
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
-
$
Di
s
t
r
i
c
t
'
s
c
o
v
e
r
e
d
p
a
y
r
o
l
l
1
9
0
,
0
7
5
,
2
9
7
$
1
7
0
,
9
3
8
,
8
9
6
$
1
6
6
,
5
7
2
,
6
3
9
$
1
6
6
,
8
0
6
,
9
5
1
$
1
6
0
,
0
2
1
,
0
5
0
$
1
6
2
,
7
2
8
,
6
6
0
$
1
4
8
,
5
2
4
,
6
1
3
$
1
4
3
,
0
3
2
,
1
1
8
$
1
3
8
,
6
3
8
,
9
0
4
$
Co
n
t
r
i
b
u
t
i
o
n
s
a
s
a
p
e
r
c
e
n
t
a
g
e
of
c
o
v
e
r
e
d
p
a
y
r
o
l
l
1
1
.
8
2
%
1
2
.
1
3
%
1
1
.
9
5
%
1
0
.
7
7
%
1
0
.
7
2
%
1
0
.
5
4
%
1
0
.
5
7
%
1
0
.
6
3
%
1
0
.
3
1
%
Re
p
o
r
t
i
n
g
F
i
s
c
a
l
Y
e
a
r
(M
e
a
s
u
r
e
m
e
n
t
D
a
t
e
)
Re
p
o
r
t
i
n
g
F
i
s
c
a
l
Y
e
a
r
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
SCHEDULE OF THE DISTRICT’S PROPORTIONATE SHARE OF NET OPEB LIABILITY/(ASSET) AND
CONTRIBUTIONS
COST SHARING OPEB PLAN (HEALTH BENEFIT SUBSIDY)
LAST TEN FISCAL YEARS
See accompanying Notes to Required Supplementary Information
43
SCHEDULE OF THE PROPORTIONATE SHARE OF THE NET OPEB (ASSET)/LIABILITY
2022 2021 2020 2019 2018
(2021) (2020) (2019) (2018) (2017)
Proportion of the net pension asset 1.55924% 1.56906% 1.56336%1.56772% 1.61591%
Proportionate share of the net
pension liability (asset) (7,596,744)$ (1,110,889)$ (432,040)$ (564,521)$ (879,701)$
Covered payroll 170,938,896$ 166,572,639$ 166,806,951$ 160,021,050$ 162,728,660$
Proportionate share of the net pension
asset as a percentage of its
covered payroll -4.44% -0.67% -0.26% -0.35% -0.54%
Plan fiduciary net position as a percentage
of the total pension liability 103.24% 104.33% 101.62% 102.20% 103.57%
SCHEDULE OF CONTRIBUTIONS
2022 2021 2020 2019 2018
Actuarially determined contribution 392,686$ 694,137$ 851,699$ 740,134$ 744,100$
Contributions in relation to the
actuarially determined contribution 392,686 694,137 851,699 740,134 744,100
Contribution deficiency (excess) -$ -$ -$ -$ -$
District's covered payroll 190,075,297$ 170,938,896$ 166,572,639$ 166,806,951$ 160,021,050$
Contributions as a percentage
of covered payroll 0.21% 0.41% 0.51% 0.44% 0.47%
Reporting Fiscal Year
(Measurement Date)
Reporting Fiscal Year
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
SCHEDULE OF THE DISTRICT’S PROPORTIONATE SHARE OF NET OPEB LIABILITY AND
CONTRIBUTIONS
COST SHARING OPEB PLAN (LONG-TERM DISABILITY)
LAST TEN FISCAL YEARS
See accompanying Notes to Required Supplementary Information
44
SCHEDULE OF THE PROPORTIONATE SHARE OF THE NET OPEB (ASSET)/LIABILITY
2022 2021 2020 2019 2018
(2021) (2020) (2019) (2018) (2017)
Proportion of the net pension liability 1.56961% 1.57635% 1.56995% 1.58495% 1.61591%
Proportionate share of the net
pension liability 324,006$ 1,195,837$ 1,022,736$ 903,891$ 587,263$
Covered payroll 170,938,896$ 166,572,639$ 166,806,951$ 160,021,050$ 162,728,660$
Proportionate share of the net pension
liability as a percentage of its
covered payroll 0.19% 0.72% 0.61% 0.56% 0.36%
Plan fiduciary net position as a percentage
of the total pension liability 90.38% 68.01% 72.85% 77.83% 84.44%
SCHEDULE OF CONTRIBUTIONS
2022 2021 2020 2019 2018
Actuarially determined contribution 342,290$ 320,371$ 295,487$ 256,066$ 274,486$
Contributions in relation to the
actuarially determined contribution 342,290 320,371 295,487 256,066 274,486
Contribution deficiency (excess) -$ -$ -$ -$ -$
District's covered payroll 190,075,297$ 170,938,896$ 166,572,639$ 166,806,951$ 160,021,050$
Contributions as a percentage
of covered payroll 0.18% 0.19% 0.18% 0.15% 0.17%
Reporting Fiscal Year
Reporting Fiscal Year
(Measurement Date)
Note: The District implemented GASB Statement No. 75 for the fiscal year ended June 30, 2018. Information prior
the fiscal year 2018 is not available.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
SC
H
E
D
U
L
E
O
F
C
H
A
N
G
E
S
I
N
T
H
E
D
I
S
T
R
I
C
T
’
S
T
O
T
A
L
O
P
E
B
L
I
A
B
I
L
I
T
Y
AN
D
R
E
L
A
T
E
D
R
A
T
I
O
S
S
I
N
G
L
E
E
M
P
L
O
Y
E
R
O
P
E
B
P
L
A
N
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
Se
e
a
c
c
o
m
p
a
n
y
i
n
g
N
o
t
e
s
t
o
R
e
q
u
i
r
e
d
S
u
p
p
l
e
m
e
n
t
a
r
y
I
n
f
o
r
m
a
t
i
o
n
45
Sc
h
e
d
u
l
e
o
f
C
h
a
n
g
s
i
n
t
h
e
D
i
s
t
r
i
c
t
'
s
T
o
t
a
l
O
P
E
B
L
i
a
b
i
l
i
t
y
a
n
d
R
e
l
a
t
e
d
R
a
t
i
o
s
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
To
t
a
l
O
P
E
B
l
i
a
b
i
l
i
t
y
Se
r
v
i
c
e
c
o
s
t
1
4
6
,
1
9
9
$
1
8
2
,
7
4
3
$
1
5
0
,
7
5
0
$
1
7
7
,
3
9
8
$
1
9
2
,
5
3
2
$
In
t
e
r
e
s
t
41
1
,
4
0
8
5
4
4
,
8
2
7
7
1
8
,
4
9
3
9
1
2
,
0
5
7
8
7
6
,
8
3
4
Di
f
f
e
r
e
n
c
e
b
e
t
w
e
e
n
e
x
p
e
c
t
e
d
a
n
d
a
c
t
u
a
l
e
x
p
e
r
i
e
n
c
e
3
4
4
,
3
8
4
-
(
1
,
5
1
2
,
0
0
8
)
-
-
Ch
a
n
g
e
s
o
f
a
s
s
u
m
p
t
i
o
n
s
(
1
,
8
9
6
,
3
8
1
)
6
8
9
,
0
7
4
1
,
0
4
0
,
2
5
5
7
0
4
,
6
6
3
(
7
8
2
,
7
6
3
)
Be
n
e
f
i
t
p
a
y
m
e
n
t
s
(
2
,
5
5
2
,
7
4
5
)
(
2
,
5
5
0
,
6
5
4
)
(
2
,
5
5
5
,
2
0
1
)
(
2
,
9
9
0
,
6
7
3
)
(
3
,
2
2
2
,
1
5
2
)
Ne
t
c
h
a
n
g
e
i
n
t
o
t
a
l
O
P
E
B
l
i
a
b
i
l
i
t
y
(
3
,
5
4
7
,
1
3
5
)
(
1
,
1
3
4
,
0
1
0
)
(
2
,
1
5
7
,
7
1
1
)
(
1
,
1
9
6
,
5
5
5
)
(
2
,
9
3
5
,
5
4
9
)
To
t
a
l
O
P
E
B
l
i
a
b
i
l
i
t
y
,
b
e
g
i
n
n
i
n
g
o
f
y
e
a
r
2
2
,
1
8
8
,
7
1
4
2
3
,
3
2
2
,
7
2
4
2
5
,
4
8
0
,
4
3
5
2
6
,
6
7
6
,
9
9
0
2
9
,
6
1
2
,
5
3
9
To
t
a
l
O
P
E
B
l
i
a
b
i
l
i
t
y
,
e
n
d
o
f
y
e
a
r
(
a
)
1
8
,
6
4
1
,
5
7
9
$
2
2
,
1
8
8
,
7
1
4
$
2
3
,
3
2
2
,
7
2
4
$
2
5
,
4
8
0
,
4
3
5
$
2
6
,
6
7
6
,
9
9
0
$
Co
v
e
r
e
d
-
E
m
p
l
o
y
e
e
p
a
y
r
o
l
l
5
0
,
6
9
0
,
9
5
0
$
3
6
,
7
7
2
,
4
7
4
$
3
5
,
0
7
5
,
3
4
5
$
4
6
,
6
5
9
,
6
8
1
$
5
8
,
4
7
2
,
1
7
8
$
Ne
t
O
P
E
B
l
i
a
b
i
l
i
t
y
(
a
s
s
e
t
)
a
s
a
p
e
r
c
e
n
t
a
g
e
o
f
c
o
v
e
r
e
d
-
e
m
p
l
o
y
e
e
p
a
y
r
o
l
l
3
6
.
7
7
%
6
0
.
3
4
%
6
6
.
4
9
%
5
4
.
6
1
%
4
5
.
6
2
%
N
o
t
e
:
I
n
t
h
e
f
u
t
u
r
e
,
a
s
d
a
t
a
b
e
c
o
m
e
s
a
v
a
i
l
a
b
l
e
,
t
e
n
y
e
a
r
s
o
f
i
n
f
o
r
m
a
t
i
o
n
w
i
l
l
b
e
p
r
e
s
e
n
t
e
d
.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL GENERAL FUND – BUDGETARY BASIS
YEAR ENDED JUNE 30, 2022
See accompanying Notes to Required Supplementary Information
46
Actual Variances -
Original Final (Budgetary Basis) Final to Actual
REVENUES
Property taxes -$ -$ 84,932,607$ 84,932,607$
Intergovernmental - - 167,527,305 167,527,305
Investment earnings - - 218,583 218,583
Other - - 340,702 340,702
Total Revenues - - 253,019,197 253,019,197
EXPENDITURES
Regular education:
Instruction 109,694,976 110,819,824 102,090,363 8,729,461
Support services - students 10,110,188 10,512,575 10,559,017 (46,442)
Support services - instructional staff 7,035,763 7,032,663 6,246,986 785,677
Support services - general administration 5,999,037 8,243,442 7,015,041 1,228,401
Support services - school administration 15,392,895 15,392,895 16,399,882 (1,006,987)
Support services - central services 8,493,231 8,774,220 8,634,850 139,370
Operations and maintenance of plant 33,031,706 30,597,918 28,237,058 2,360,860
Operation of noninstructional services 898,329 898,329 788,577 109,752
School sponsored cocurricular activities 585,410 591,305 474,034 117,271
School sponsored athletics 3,213,095 3,275,095 3,019,608 255,487
Other instructional programs 150,501 158,526 131,457 27,069
Total regular education 194,605,131 196,296,792 183,596,873 12,699,919
Special education:
Instruction 43,320,781 42,987,781 36,891,417 6,096,364
Support services - students 22,177,398 22,427,398 19,518,931 2,908,467
Support services - instructional staff 2,794,239 2,794,239 2,420,020 374,219
Support services - general administration 185,000 185,000 70,774 114,226
Support services - school administration 1,500 47,500 43,645 3,855
Support services - central services 114,724 144,724 75,804 68,920
Operations and maintenance of plant 5,000 12,000 4,892 7,108
Operation of noninstructional services - 35,100 23,500 11,600
Total special education 68,598,642 68,633,742 59,048,983 9,584,759
Pupil transportation:
Student transportation services 11,398,660 11,623,359 11,528,607 94,752
Total pupil transportation 11,398,660 11,623,359 11,528,607 94,752
K-3 reading program:
Instruction 1,444,082 1,513,359 1,513,358 1
Total Expenditures 276,046,515 278,067,252 255,687,821 22,379,431
Excess (Deficiency) of Revenues
Over Expenditures (276,046,515) (278,067,252) (2,668,624) 275,398,628
Other Financing Sources (Uses):
Transfers out - - (1,254,000) (1,254,000)
NET CHANGE IN FUND BALANCE (276,046,515) (278,067,252) (3,922,624) 274,144,628
Fund Balance - Beginning - - 35,407,537 35,407,537
Fund Balance - Ending (276,046,515)$ (278,067,252)$ 31,484,913$ 309,552,165$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL CLASSROOM SITE FUND
YEAR ENDED JUNE 30, 2022
See accompanying Notes to Required Supplementary Information
47
Variances -
Original Final Actual Final to Actual
REVENUES
Intergovernmental -$ -$ 30,854,030$ 30,854,030$
Investment earnings - - 136,738 136,738
Total Revenues - - 30,990,768 30,990,768
EXPENDITURES
Regular education:
Instruction 29,884,822 31,239,053 13,157,999 18,081,054
Special education:
Instruction 7,752,704 8,104,018 3,413,441 4,690,577
K-3 reading program:
Instruction 632,269 660,920 278,382 382,538
Total Expenditures 38,269,795 40,003,991 16,849,822 23,154,169
Excess (Deficiency) of Revenues
Over Expenditures (38,269,795) (40,003,991) 14,140,946 54,144,937
Fund Balance - Beginning - - 10,447,491 10,447,491
Fund Balance - Ending (38,269,795)$ (40,003,991)$ 24,588,437$ 64,592,428$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL SPECIAL PROJECTS FUND
YEAR ENDED JUNE 30, 2022
See accompanying Notes to Required Supplementary Information
48
Variances -
Original Final Actual Final to Actual
REVENUES
Intergovernmental -$ -$ 50,566,693$ 50,566,693$
Investment earnings - - 65,520 65,520
Other - - 2,075 2,075
Total Revenues - - 50,634,288 50,634,288
EXPENDITURES
Regular education:
Instruction 30,022,382 27,827,023 21,612,033 6,214,990
Support services - students 3,615,142 3,350,788 2,602,411 748,377
Support services - instructional staff 4,106,148 3,805,889 2,955,868 850,021
Support services - general administration 323,656 299,989 232,988 67,001
Support services - school administration 612,810 567,999 441,140 126,859
Support services - central services 713,936 661,730 513,937 147,793
Operations and maintenance of plant 532,970 493,997 383,666 110,331
Operation of noninstructional services 140,629 130,346 101,234 29,112
School sponsored cocurricular activities 4,983 4,619 3,587 1,032
School sponsored athletics 10,990 10,186 7,911 2,275
Total regular education 40,083,646 37,152,566 28,854,775 8,297,791
Special education:
Instruction 13,356,927 12,380,213 9,615,171 2,765,042
Support services - students 1,692,882 1,569,092 1,218,645 350,447
Support services - instructional staff 1,836,854 1,702,536 1,322,285 380,251
Support services - general administration 3,688 3,419 2,655 764
Support services - school administration 56,425 52,299 40,618 11,681
Support services - central services 157,499 145,982 113,378 32,604
Operation of noninstructional services 748,234 693,520 538,627 154,893
Total special education 17,852,509 16,547,061 12,851,379 3,695,682
Pupil transportation:
Student transportation services 425,862 394,722 306,563 88,159
K-3 reading program:
Instruction 712,874 660,745 513,172 147,573
Total Expenditures 59,074,891 54,755,094 42,525,889 12,229,205
Excess (Deficiency) of Revenues
Over Expenditures (59,074,891) (54,755,094) 8,108,399 62,863,493
Other Financing Sources (Uses):
Transfers out - - (767,931) (767,931)
NET CHANGE IN FUND BALANCE (59,074,891) (54,755,094) 7,340,468 62,095,562
Fund Balance - Beginning - - (3,308,279) (3,308,279)
Fund Balance - Ending (59,074,891)$ (54,755,094) 4,032,189$ 58,787,283$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO THE REQUIRED
SUPPLEMENTARY INFORMATION
YEAR ENDED JUNE 30, 2022
49
NOTE 1 – AVAILABILITY OF PRIOR YEAR PENSION INFORMATION
Information prior to the measurement date (June 30, 2013, for pensions and June 30, 2017 for OPEB) was not
available. Additional years’ information will be displayed as it becomes available.
NOTE 2 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
The District adopts an annual operating budget for expenditures for all governmental fund types on essentially
the same modified accrual basis of accounting used to record actual expenditures. The Governing Board presents
a proposed budget to the Superintendent of Public Instruction and County School Superintendent on or by July
5. The Governing Board legally adopts the final budget by July 15, after a public hearing has been held. Once
adopted the budget can be increased or decreased only for specific reasons set forth in the Arizona Revised
Statutes. All appropriations lapse at year-end.
Budgetary control over expenditures is exercised at the fund level. However, the General Fund is budgeted within
four subsections (see the notes to the financial statements for a description of General Fund), any of which may
be over-expended with the prior approval of the Governing Board at a public meeting, providing the expenditures
for all subsections do not exceed the General Fund’s total budget.
Although it is not adopted or published, a budget of revenue from all sources for the fiscal year is prepared by the
District; however, the budget is not revised during the fiscal year.
Budgets were amended during the current fiscal year to account for changes in original estimates.
NOTE 3 – PENSION AND OPEB PLAN SCHEDULES
No assets are accumulated in a trust that meets the criteria in paragraph four of GASB Statement 75.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NOTES TO THE REQUIRED
SUPPLEMENTARY INFORMATION
YEAR ENDED JUNE 30, 2022
50
NOTE 4 – BUDGETARY BASIS OF ACCOUNTING
The District’s adopted budget is prepared on a basis consistent with accounting principles generally accepted
in the United States of America, with the following exception:
1) The General Fund as reported in the Statement of Revenues, Expenditures, and Changes in Fund
Balances includes the District’s Maintenance and Operation Fund in addition to several other District
funds as required by GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type
Definitions; however, for budgetary purposes, the District prepares a separate Maintenance and
Operation Fundbudget.
The following adjustments are necessary to present actual revenues, expenditures, other financing sources and
uses, beginning fund balance and ending fund balance on a budgetary basis in order to present only the activity
of the District’s Maintenance and Operation Fund for budgetary purposes.
Other
Financing Fund balance
Total Total Sources and beginning of Fund balance
Revenues Expenditures Uses year end of year
Statement of revenues, expenditures
and changes in fund balance 278,955,168$ 263,885,848$ 2,733,747$ 71,445,796$ 89,248,863$
Non-maintenance and operation activity included (25,935,971) (13,598,027) (3,987,747) (36,038,259) (52,363,950)
in the General Fund
Current year prepaid items - 14,075,000 - - (14,075,000)
Prior year prepaid items - (8,675,000) - - 8,675,000
Schedule of revenues, expenditures, and
changes in fund balance - budget to actual 253,019,197$ 255,687,821$ (1,254,000)$ 35,407,537$ 31,484,913$
General Fund
COMBINING AND INDIVIDUAL FUND
STATEMENTS AND SCHEDULES
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
NONMAJOR GOVERNMENTAL FUNDS
FUND DESCRIPTIONS
JUNE 30, 2022
51
SPECIAL PROJECTS FUNDS
Instructional Improvement Fund - accounts for revenues and expenditures for State apportioned Indian Gaming
monies.
Other Special Revenue Fund - accounts for the revenues and expenditures of the following activities or objectives:
civic center, community school, extracurricular activity fee tax credit, fingerprinting, career technology education,
textbooks, and grants and gifts to teachers.
Food Service Fund - accounts for the financial operations of preparing and serving regular and incidental meals
and snacks in connection with school functions.
Student Activities Fund – accounts for all monies raised with the approval of the governing board by the effort of
students in pursuance of or in connection with all activities of student organizations, clubs, school plays, or other
student entertainment other than Auxiliary Operations Fund monies.
CAPITAL PROJECTS FUNDS
Adjacent Ways Fund - accounts for monies received to finance such improvements as public streets or alleys
adjacent to school property.
Bond Building Fund - accounts for monies received from District bond issues that are used to acquire sites,
construct school buildings, supply school buildings with furniture and apparatus, improve schoolgrounds, and
purchase pupil transportation vehicles.
Gifts and Donations Fund - accounts for gifts and donations to be expended for capital acquisition.
Building Renewal Grant Fund – accounts for building renewal grant monies requested from the School Facilities
Board that are used for infrastructure or for major upgrades, repairs, or renovations to areas, systems, or buildings
that will maintain or extend their useful life.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
CO
M
B
I
N
I
N
G
B
A
L
A
N
C
E
S
H
E
E
T
NO
N
M
A
J
O
R
G
O
V
E
R
N
M
E
N
T
A
L
F
U
N
D
S
JU
N
E
3
0
,
2
0
2
2
52
In
s
t
r
u
c
t
i
o
n
a
l
Im
p
r
o
v
e
m
e
n
t
Fu
n
d
Ot
h
e
r
S
p
e
c
i
a
l
Re
v
e
n
u
e
F
u
n
d
Fo
o
d
S
e
r
v
i
c
e
Fu
n
d
St
u
d
e
n
t
Ac
t
i
v
i
t
i
e
s
F
u
n
d
To
t
a
l
S
p
e
c
i
a
l
Re
v
e
n
u
e
F
u
n
d
s
A
d
j
a
c
e
n
t
W
a
y
s
Bo
n
d
B
u
i
l
d
i
n
g
Fu
n
d
Gi
f
t
s
a
n
d
Do
n
a
t
i
o
n
s
Ca
p
i
t
a
l
Bu
i
l
d
i
n
g
Re
n
e
w
a
l
G
r
a
n
t
Fu
n
d
To
t
a
l
C
a
p
i
t
a
l
Pr
o
j
e
c
t
s
F
u
n
d
s
No
n
-
M
a
j
o
r
Go
v
e
r
n
m
e
n
t
a
l
Fu
n
d
s
AS
S
E
T
S
Ca
s
h
a
n
d
i
n
v
e
s
t
m
e
n
t
s
3
,
1
6
1
,
9
0
9
$
9
,
2
5
8
,
5
9
2
$
1
1
,
8
9
8
,
7
9
0
$
1
,
7
1
8
,
7
7
6
$
2
6
,
0
3
8
,
0
6
7
$
6
3
2
,
9
1
8
$
4
,
1
1
3
,
4
4
1
$
2
,
7
2
3
,
5
0
3
$
5
,
0
3
9
$
7
,
4
7
4
,
9
0
1
$
3
3
,
5
1
2
,
9
6
8
$
Re
c
e
i
v
a
b
l
e
s
:
In
t
e
r
g
o
v
e
r
n
m
e
n
t
a
l
-
7
1
2
,
5
1
5
2
5
3
,
4
7
3
-
9
6
5
,
9
8
8
-
-
-
4
,
8
7
8
,
5
2
4
4
,
8
7
8
,
5
2
4
5
,
8
4
4
,
5
1
2
Ac
c
o
u
n
t
s
r
ec
e
i
v
a
b
l
e
-
1
3
2
,
9
0
2
4
5
-
1
3
2
,
9
4
7
-
-
5
2
3
,
0
0
0
-
5
2
3
,
0
0
0
6
5
5
,
9
4
7
De
p
o
s
i
t
s
-
-
2
5
1
,
5
4
7
-
2
5
1
,
5
4
7
-
-
-
-
-
2
5
1
,
5
4
7
In
v
e
n
t
o
r
y
-
-
3
5
6
,
7
3
8
-
3
5
6
,
7
3
8
-
-
-
-
-
3
5
6
,
7
3
8
To
t
a
l
A
s
s
e
t
s
3,
1
6
1
,
9
0
9
$
1
0
,
1
0
4
,
0
0
9
$
1
2
,
7
6
0
,
5
9
3
$
1
,
7
1
8
,
7
7
6
$
2
7
,
7
4
5
,
2
8
7
$
6
3
2
,
9
1
8
$
4
,
1
1
3
,
4
4
1
$
3
,
2
4
6
,
5
0
3
$
4
,
8
8
3
,
5
6
3
$
1
2
,
8
7
6
,
4
2
5
$
4
0
,
6
2
1
,
7
1
2
$
LI
A
B
I
L
I
T
I
E
S
Ac
c
o
u
n
t
s
p
a
y
a
b
l
e
-
$
8
2
,
4
9
1
$
9
8
,
1
3
5
$
3
9
,
5
5
1
$
2
2
0
,
1
7
7
$
3
7
,
0
4
3
$
7
1
,
9
2
0
$
8
,
4
3
9
$
5
9
8
,
3
6
6
$
7
1
5
,
7
6
8
$
9
3
5
,
9
4
5
$
In
t
e
r
g
o
v
e
n
m
e
n
t
a
l
p
a
y
a
b
l
e
-
-
1
4
6
-
1
4
6
-
-
-
3
,
3
1
8
3
,
3
1
8
3
,
4
6
4
Ac
c
r
u
e
d
w
a
g
e
s
-
4
2
,
0
3
6
5
3
,
8
2
5
4
8
4
9
6
,
3
4
5
-
2
,
2
8
9
-
-
2
,
2
8
9
9
8
,
6
3
4
Du
e
t
o
o
t
h
e
r
f
u
n
d
s
-
-
-
-
-
-
-
-
4
,
2
8
1
,
8
7
9
4
,
2
8
1
,
8
7
9
4
,
2
8
1
,
8
7
9
Un
e
a
r
n
e
d
r
e
v
e
n
u
e
-
8
0
,
4
5
0
2
2
9
,
3
4
5
-
3
0
9
,
7
9
5
-
-
5
2
3
,
0
0
0
-
5
2
3
,
0
0
0
8
3
2
,
7
9
5
To
t
a
l
L
i
a
b
i
l
i
t
i
e
s
-
2
0
4
,
9
7
7
3
8
1
,
4
5
1
4
0
,
0
3
5
6
2
6
,
4
6
3
3
7
,
0
4
3
7
4
,
2
0
9
5
3
1
,
4
3
9
4
,
8
8
3
,
5
6
3
5
,
5
2
6
,
2
5
4
6
,
1
5
2
,
7
1
7
FU
N
D
B
A
L
A
N
C
E
S
No
n
s
p
e
n
d
a
b
l
e
-
-
3
5
6
,
7
3
8
-
3
5
6
,
7
3
8
-
-
-
-
-
3
5
6
,
7
3
8
Re
s
t
r
i
c
t
e
d
3
,
1
6
1
,
9
0
9
9
,
8
9
9
,
0
3
2
1
2
,
0
2
2
,
4
0
4
1
,
6
7
8
,
7
4
1
2
6
,
7
6
2
,
0
8
6
5
9
5
,
8
7
5
4
,
0
3
9
,
2
3
2
2
,
7
1
5
,
0
6
4
-
7
,
3
5
0
,
1
7
1
3
4
,
1
1
2
,
2
5
7
To
t
a
l
F
u
n
d
B
a
l
a
n
c
e
s
3,
1
6
1
,
9
0
9
9
,
8
9
9
,
0
3
2
1
2
,
3
7
9
,
1
4
2
1
,
6
7
8
,
7
4
1
2
7
,
1
1
8
,
8
2
4
5
9
5
,
8
7
5
4
,
0
3
9
,
2
3
2
2
,
7
1
5
,
0
6
4
-
7
,
3
5
0
,
1
7
1
3
4
,
4
6
8
,
9
9
5
To
t
a
l
L
i
a
b
i
l
i
t
i
e
s
a
n
d
Fu
n
d
B
a
l
a
n
c
e
s
3,
1
6
1
,
9
0
9
$
1
0
,
1
0
4
,
0
0
9
$
1
2
,
7
6
0
,
5
9
3
$
1
,
7
1
8
,
7
7
6
$
2
7
,
7
4
5
,
2
8
7
$
6
3
2
,
9
1
8
$
4
,
1
1
3
,
4
4
1
$
3
,
2
4
6
,
5
0
3
$
4
,
8
8
3
,
5
6
3
$
1
2
,
8
7
6
,
4
2
5
$
4
0
,
6
2
1
,
7
1
2
$
Sp
e
c
i
a
l
R
e
v
e
n
u
e
F
u
n
d
s
C
a
p
i
t
a
l
P
r
o
j
e
c
t
s
F
u
n
d
s
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
CO
M
B
I
N
I
N
G
S
T
A
T
E
M
E
N
T
O
F
R
E
V
E
N
U
E
S
,
E
X
P
E
N
D
I
T
U
R
E
S
,
A
N
D
C
H
A
N
G
E
I
N
F
U
N
D
B
A
L
A
N
C
E
S
NO
N
M
A
J
O
R
G
O
V
E
R
N
M
E
N
T
A
L
F
U
N
D
S
FI
S
C
A
L
Y
E
A
R
E
N
D
E
D
J
U
N
E
3
0
,
2
0
2
2
53
In
s
t
r
u
c
t
i
o
n
a
l
Im
p
r
o
v
e
m
e
n
t
Fu
n
d
Ot
h
e
r
S
p
e
c
i
a
l
Re
v
e
n
u
e
F
u
n
d
Fo
o
d
S
e
r
v
i
c
e
Fu
n
d
St
u
d
e
n
t
Ac
t
i
v
i
t
i
e
s
F
u
n
d
To
t
a
l
S
p
e
c
i
a
l
Re
v
e
n
u
e
F
u
n
d
s
A
d
j
a
c
e
n
t
W
a
y
s
Bo
n
d
B
u
i
l
d
i
n
g
Fu
n
d
Gi
f
t
s
a
n
d
Do
n
a
t
i
o
n
s
Ca
p
i
t
a
l
Bu
i
l
d
i
n
g
Re
n
e
w
a
l
G
r
a
n
t
To
t
a
l
C
a
p
i
t
a
l
Pr
o
j
e
c
t
s
F
u
n
d
s
No
n
-
M
a
j
o
r
Go
v
e
r
n
m
e
n
t
a
l
Fu
n
d
s
RE
V
E
N
U
E
S
Pr
o
p
e
r
t
y
t
a
x
e
s
-
$
-
$
-
$
-
$
-
$
8
$
-
$
-
$
-
$
8
$
8
$
In
t
e
r
g
o
v
e
r
n
m
e
n
t
a
l
1
,
3
7
7
,
3
8
2
3
,
1
6
2
,
4
7
7
2
4
,
2
7
4
,
3
9
2
-
2
8
,
8
1
4
,
2
5
1
-
-
-
6
,
5
4
7
,
7
6
5
6
,
5
4
7
,
7
6
5
3
5
,
3
6
2
,
0
1
6
Tu
i
t
i
o
n
-
1
0
,
7
0
7
-
-
1
0
,
7
0
7
-
-
-
-
-
1
0
,
7
0
7
Fo
o
d
S
e
r
v
i
c
e
s
S
a
l
e
s
-
-
2
8
3
,
2
7
4
-
2
8
3
,
2
7
4
-
-
-
-
-
2
8
3
,
2
7
4
St
u
d
e
n
t
a
c
t
i
v
i
t
i
e
s
-
-
-
1
,
8
7
5
,
2
4
8
1
,
8
7
5
,
2
4
8
-
-
-
-
-
1
,
8
7
5
,
2
4
8
Re
n
t
a
l
I
n
c
o
m
e
-
4
4
8
,
6
6
3
-
-
4
4
8
,
6
6
3
-
-
-
-
-
4
4
8
,
6
6
3
Co
n
t
r
i
b
u
t
i
o
n
s
a
n
d
d
o
n
a
t
i
o
n
s
-
1
,
1
0
4
,
5
6
3
-
-
1
,
1
0
4
,
5
6
3
-
-
1
1
3
,
1
3
3
-
1
1
3
,
1
3
3
1
,
2
1
7
,
6
9
6
In
v
e
s
t
m
e
n
t
e
a
r
n
i
n
g
s
-
1
5
,
8
2
8
5
5
,
1
9
4
1
2
,
0
9
5
8
3
,
1
1
7
5
,
4
1
8
-
1
4
5
,
4
4
5
-
1
5
0
,
8
6
3
2
3
3
,
9
8
0
Ot
h
e
r
-
3
,
0
7
4
,
0
9
0
1
0
,
1
4
6
1
,
5
1
2
3
,
0
8
5
,
7
4
8
-
8
3
4
5
5
-
5
3
8
3
,
0
8
6
,
2
8
6
To
t
a
l
R
e
v
e
n
u
e
s
1,
3
7
7
,
3
8
2
7
,
8
1
6
,
3
2
8
2
4
,
6
2
3
,
0
0
6
1
,
8
8
8
,
8
5
5
3
5
,
7
0
5
,
5
7
1
5
,
4
2
6
8
3
2
5
9
,
0
3
3
6
,
5
4
7
,
7
6
5
6
,
8
1
2
,
3
0
7
4
2
,
5
1
7
,
8
7
8
EX
P
E
N
D
I
T
U
R
E
S
Cu
r
r
e
n
t
In
s
t
r
u
c
t
i
o
n
71
5
,
7
2
8
3
,
8
5
2
,
8
1
2
-
1
0
,
6
2
7
4
,
5
7
9
,
1
6
7
-
-
5
,
1
8
7
-
5
,
1
8
7
4
,
5
8
4
,
3
5
4
Su
p
p
o
r
t
s
e
r
v
i
c
e
s
:
St
u
d
e
n
t
s
2
4
,
5
7
5
7
7
9
,
1
1
2
-
1
,
4
6
2
,
8
4
6
2
,
2
6
6
,
5
3
3
-
-
-
-
-
2
,
2
6
6
,
5
3
3
In
s
t
r
u
c
t
i
o
n
a
l
s
t
a
f
f
9
3
,
2
6
4
1
,
3
9
4
,
7
5
4
-
-
1
,
4
8
8
,
0
1
8
-
-
-
-
-
1
,
4
8
8
,
0
1
8
Ge
n
e
r
a
l
a
d
m
i
n
i
s
t
r
a
t
i
o
n
-
-
-
-
-
-
2
5
,
5
0
0
-
-
2
5
,
5
0
0
2
5
,
5
0
0
Sc
h
o
o
l
a
d
m
i
n
i
s
t
r
a
t
i
o
n
-
8
8
,
9
7
8
-
2
,
6
0
7
9
1
,
5
8
5
-
-
-
-
-
9
1
,
5
8
5
Bu
s
i
n
e
s
s
a
n
d
o
t
h
e
r
s
u
p
p
o
r
t
s
e
r
v
i
c
e
s
-
1
3
7
,
0
6
1
1
0
1
,
7
3
9
5
0
0
2
3
9
,
3
0
0
-
3
7
,
4
1
6
-
-
3
7
,
4
1
6
2
7
6
,
7
1
6
Op
e
r
a
t
i
o
n
s
a
n
d
m
a
i
n
t
e
n
a
n
c
e
o
f
p
l
a
n
t
-
2
8
1
,
2
7
3
2
6
7
,
9
7
0
7
0
,
2
1
9
6
1
9
,
4
6
2
-
-
-
5
7
,
5
0
9
5
7
,
5
0
9
6
7
6
,
9
7
1
St
u
d
e
n
t
t
r
a
n
s
p
o
r
t
a
t
i
o
n
-
6
4
,
4
2
7
-
1
9
,
8
2
6
8
4
,
2
5
3
-
8
3
4
,
4
5
6
-
-
8
3
4
,
4
5
6
9
1
8
,
7
0
9
Op
e
r
a
t
i
o
n
s
o
f
n
o
n
i
n
s
t
r
uc
t
i
o
n
a
l
s
e
r
v
i
c
e
s
-
1
,
0
9
3
,
6
0
7
1
5
,
3
2
3
,
2
1
3
4
8
1
6
,
4
1
6
,
8
6
8
-
-
-
-
-
1
6
,
4
1
6
,
8
6
8
Ca
p
i
t
a
l
o
u
t
l
a
y
:
-
Fa
c
i
l
i
t
i
e
s
a
c
q
u
i
s
i
t
i
o
n
-
6
1
,
6
2
6
1
4
7
,
6
8
0
2
5
,
2
0
4
2
3
4
,
5
1
0
3
7
,
0
4
2
5
,
3
7
8
,
7
1
3
3
2
,
8
5
4
6
,
4
9
0
,
2
5
6
1
1
,
9
3
8
,
8
6
5
1
2
,
1
7
3
,
3
7
5
To
t
a
l
E
x
p
e
n
d
i
t
u
r
e
s
83
3
,
5
6
7
7
,
7
5
3
,
6
5
0
1
5
,
8
4
0
,
6
0
2
1
,
5
9
1
,
8
7
7
2
6
,
0
1
9
,
6
9
6
3
7
,
0
4
2
6
,
2
7
6
,
0
8
5
3
8
,
0
4
1
6
,
5
4
7
,
7
6
5
1
2
,
8
9
8
,
9
3
3
3
8
,
9
1
8
,
6
2
9
Ex
c
e
s
s
(
D
e
f
i
c
i
e
n
c
y
)
o
f
R
e
v
e
n
u
e
s
Ov
e
r
E
x
p
e
n
d
i
t
u
r
e
s
54
3
,
8
1
5
6
2
,
6
7
8
8
,
7
8
2
,
4
0
4
2
9
6
,
9
7
8
9
,
6
8
5
,
8
7
5
(
3
1
,
6
1
6
)
(
6
,
2
7
6
,
0
0
2
)
2
2
0
,
9
9
2
-
(
6
,
0
8
6
,
6
2
6
)
3
,
5
9
9
,
2
4
9
Ot
h
e
r
F
i
n
a
n
c
i
n
g
S
o
u
r
c
e
s
(
U
s
e
s
)
Sa
l
e
o
f
c
a
p
i
t
a
l
a
s
s
e
t
s
-
5
0
-
-
5
0
-
-
-
-
-
5
0
Tr
a
n
s
f
e
r
s
o
u
t
-
-
(
1
,
8
4
1
,
8
4
3
)
-
(
1
,
8
4
1
,
8
4
3
)
-
-
-
-
-
(
1
,
8
4
1
,
8
4
3
)
Ne
t
F
i
n
a
n
c
i
n
g
S
o
u
r
c
e
s
(
U
s
e
s
)
-
5
0
(
1
,
8
4
1
,
8
4
3
)
-
(
1
,
8
4
1
,
7
9
3
)
-
-
-
-
-
(
1
,
8
4
1
,
7
9
3
)
NE
T
C
H
A
N
G
E
I
N
F
U
N
D
B
A
L
A
N
C
E
54
3
,
8
1
5
6
2
,
7
2
8
6
,
9
4
0
,
5
6
1
2
9
6
,
9
7
8
7
,
8
4
4
,
0
8
2
(
3
1
,
6
1
6
)
(
6
,
2
7
6
,
0
0
2
)
2
2
0
,
9
9
2
-
(
6
,
0
8
6
,
6
2
6
)
1
,
7
5
7
,
4
5
6
Fu
n
d
B
a
l
a
nc
e
-
B
e
g
i
n
n
i
n
g
2,
6
1
8
,
0
9
4
9
,
8
3
6
,
3
0
4
5
,
3
8
5
,
2
1
2
1
,
3
8
1
,
7
6
3
1
9
,
2
2
1
,
3
7
3
6
2
7
,
4
9
1
1
0
,
3
1
5
,
2
3
4
2
,
4
9
4
,
0
7
2
-
1
3
,
4
3
6
,
7
9
7
3
2
,
6
5
8
,
1
7
0
In
c
r
e
a
s
e
/
(
d
e
c
r
e
a
s
e
)
i
n
i
n
v
e
n
t
o
r
i
e
s
-
-
5
3
,
3
6
9
-
5
3
,
3
6
9
-
-
-
-
-
5
3
,
3
6
9
Fu
n
d
B
a
la
n
c
e
-
E
n
d
i
n
g
3,
1
6
1
,
9
0
9
$
9
,
8
9
9
,
0
3
2
$
1
2
,
3
7
9
,
1
4
2
$
1
,
6
7
8
,
7
4
1
$
2
7
,
1
1
8
,
8
2
4
$
5
9
5
,
8
7
5
$
4
,
0
3
9
,
2
3
2
$
2
,
7
1
5
,
0
6
4
$
-
$
7
,
3
5
0
,
1
7
1
$
3
4
,
4
6
8
,
9
9
5
$
Sp
e
c
i
a
l
R
e
v
e
n
u
e
F
u
n
d
s
C
a
p
i
t
a
l
P
r
o
j
e
c
t
s
F
u
n
d
s
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
INSTRUCTIONAL IMPROVEMENT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2022
54
Actual
Variances - Final
to Actual
REVENUES
Intergovernmental -$ 1,377,382$ 1,377,382$
EXPENDITURES
Regular education:
Instruction 1,144,501 561,187 583,314
Support services - students 31,962 15,672 16,290
Support services - instructional staff 173,321 84,985 88,336
Total regular education 1,349,784 661,844 687,940
Special education:
Instruction 291,573 142,968 148,605
Support services - students 18,157 8,903 9,254
Support services - instructional staff 16,884 8,279 8,605
Total special education 326,614 160,150 166,464
K-3 reading program:
Instruction 23,602 11,573 12,029
Total Expenditures 1,700,000 833,567 866,433
Excess (Deficiency) of Revenues
Over Expenditures (1,700,000) 543,815 2,243,815
Fund Balance - Beginning - 2,618,094 2,618,094
Fund Balance - Ending (1,700,000)$ 3,161,909$ 4,861,909$
Budgeted Amounts
Original and Final
Budget
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
OTHER SPECIAL REVENUE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2022
55
Variances -
Original Final Actual Final to Actual
REVENUES
Intergovernmental -$ -$ 3,162,477$ 3,162,477$
Tuition - - 10,707 10,707
Rentals - - 448,663 448,663
Contributions and donations - - 1,104,563 1,104,563
Investment earnings - - 15,828 15,828
Other - - 3,074,090 3,074,090
Total Revenues - - 7,816,328 7,816,328
EXPENDITURES
Regular education:
Instruction 1,894,658 1,905,109 1,344,916 560,193
Support services - students 42,001 42,232 29,814 12,418
Support services - instructional staff 587,947 591,190 417,352 173,838
Support services - school administration 122,218 122,892 86,756 36,136
Support services - central services 175,524 176,492 124,595 51,897
Operations and maintenance of plant 223,796 225,031 158,861 66,170
Operation of noninstructional services 8,810 8,859 6,254 2,605
School sponsored cocurricular activities 751,869 756,016 533,711 222,305
School sponsored athletics 982,721 988,142 697,581 290,561
Total regular education 4,789,545 4,815,963 3,399,840 1,416,123
Special education:
Instruction 2,776,672 2,791,988 1,971,010 820,978
Support services - students 231,945 233,224 164,645 68,579
Support services - instructional staff 1,333,266 1,340,620 946,414 394,206
Support services - school administration 3,130 3,148 2,222 926
Support services - central services 17,562 17,658 12,466 5,192
Operations and maintenance of plant 92,843 93,355 65,904 27,451
Operation of noninstructional services 1,500,460 1,508,737 1,065,096 443,641
Total special education 5,955,878 5,988,730 4,227,757 1,760,973
Pupil transportation:
Student transportation services 90,762 91,263 64,427 26,836
Capital Outlay:
Facilities acquisition 86,816 87,295 61,626 25,669
Total Expenditures 10,923,000 10,983,251 7,753,650 3,229,601
Excess (Deficiency) of Revenues
Over Expenditures (10,923,000) (10,983,251) 62,678 11,045,929
Other Financing Sources (Uses):
Sale of capital assets - - 50 50
NET CHANGE IN FUND BALANCE (10,923,000) (10,983,251) 62,728 11,045,979
Fund Balance - Beginning - - 9,836,304 9,836,304
Fund Balance - Ending (10,923,000)$ (10,983,251)$ 9,899,032$ 20,882,283$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
FOOD SERVICE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2022
56
Original and Final
Budget Actual
Variances - Final
to Actual
REVENUES
Intergovernmental -$ 24,274,392$ 24,274,392$
Food service sales - 283,274 283,274
Investment earnings - 55,194 55,194
Other - 10,146 10,146
Total Revenues - 24,623,006 24,623,006
EXPENDITURES
Regular education:
Support services - central services 95,942 101,739 (5,797)
Operations and maintenance of plant 252,701 267,970 (15,269)
Operation of noninstructional services 14,450,092 15,323,213 (873,121)
Total regular education 14,798,735 15,692,922 (894,187)
Capital outlay:
Facilities acquisition 139,265 147,680 (8,415)
Total Expenditures 14,938,000 15,840,602 (902,602)
Excess (Deficiency) of Revenues
Over Expenditures (14,938,000) 8,782,404 23,720,404
Other Financing Sources (Uses):
Transfers out - (1,841,843) (1,841,843)
Change in inventory - 53,369 53,369
Net Financing Sources (Uses)- (1,788,474) (1,788,474)
NET CHANGE IN FUND BALANCE (14,938,000) 6,993,930 21,931,930
Fund Balance - Beginning - 5,385,212 5,385,212
Fund Balance - Ending (14,938,000)$ 12,379,142$ 27,317,142$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
STUDENT ACTIVITIES FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2022
57
Original and Final
Budget Actual
Variances - Final
to Actual
REVENUES
Student activities -$ 1,875,248$ 1,875,248$
Investment earnings - 12,095 12,095
Other - 1,512 1,512
Total Revenues - 1,888,855 1,888,855
EXPENDITURES
Regular education:
Instruction 902 1,048 (146)
School sponsored cocurricular activities 1,279,459 1,486,673 (207,214)
School sponsored athletics 50,885 59,126 (8,241)
Total regular education 1,331,246 1,546,847 (215,601)
Pupil transportation:
Student transportation services 17,063 19,826 (2,763)
Capital outlay:
Facilities acquisition 21,691 25,204 (3,513)
Total Expenditures 1,370,000 1,591,877 (221,877)
Excess (Deficiency) of Revenues
Over Expenditures (1,370,000) 296,978 1,666,978
Fund Balance - Beginning - 1,381,763 1,381,763
Fund Balance - Ending (1,370,000)$ 1,678,741$ 3,048,741$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
ADJACENT WAYS FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2022
58
Original and Final
Budget Actual
Variances - Final
to Actual
REVENUES
Property taxes -$ 8$ 8$
Investment earnings - 5,418 5,418
Total Revenues - 5,426 5,426
EXPENDITURES
Capital outlay:
Facilities acquisition 626,000 37,042 588,958
Excess (Deficiency) of Revenues
Over Expenditures (626,000) (31,616) 594,384
Fund Balance - Beginning - 627,491 627,491
Fund Balance - Ending (626,000)$ 595,875$ 1,221,875$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
BOND BUILDING FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2022
59
Variances -
Original Final Actual Final to Actual
REVENUES
Intergovernmental -$ -$ 6,547,765 6,547,765$
EXPENDITURES
Regular education:
Operations and maintenance of plant 2,291 98,128 57,509 40,619
Capital outlay
Facilities acquisition 258,609 11,074,372 6,490,256 4,584,116
Total Expenditures 260,900 11,172,500 6,547,765 4,665,354
Excess (Deficiency) of Revenues
Over Expenditures (260,900) (11,172,500) - 11,213,119
Fund Balance - Beginning - - - -
Fund Balance - Ending (260,900)$ (11,172,500)$ -$ 11,213,119$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
BUILDING RENEWAL GRANT FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2022
60
Variances -
Original Final Actual Final to Actual
REVENUES
Intergovernmental -$ -$ 6,547,765 6,547,765$
EXPENDITURES
Regular education:
Operations and maintenance of plant 2,291 98,128 57,509 40,619
Capital outlay
Facilities acquisition 258,609 11,074,372 6,490,256 4,584,116
Total Expenditures 260,900 11,172,500 6,547,765 4,665,354
Excess (Deficiency) of Revenues
Over Expenditures (260,900) (11,172,500) - 11,213,119
Fund Balance - Beginning - - - -
Fund Balance - Ending (260,900)$ (11,172,500)$ -$ 11,213,119$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
GIFTS AND DONATIONS - CAPITAL
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2022
61
Original and Final
Budget Actual
Variances - Final
to Actual
REVENUES
Contributions and donations -$ 113,133 113,133$
Investment earnings - 145,445 145,445
Other - 455 455
Total Revenues - 259,033 259,033
EXPENDITURES
Regular education:
Instruction 299,295 5,187 294,108
Capital outlay
Facilities acquisition 1,895,705 32,854 1,862,851
Total Expenditures 2,195,000 38,041 2,156,959
Excess (Deficiency) of Revenues
Over Expenditures (2,195,000) 220,992 2,415,992
Fund Balance - Beginning - 2,494,072 2,494,072
Fund Balance - Ending (2,195,000)$ 2,715,064$ 4,910,064$
Budgeted Amounts
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
DEBT SERVICE FUND
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FISCAL YEAR ENDED JUNE 30, 2022
62
Original and Final
Budget Actual
Variances - Final
to Actual
REVENUES
Property taxes -$ 25,326,523 25,326,523$
Investment earnings - 185,266 185,266
Total Revenues - 25,511,789 25,511,789
EXPENDITURES
Debt service
Principal retirement 22,054,873 18,120,000 3,934,873
Interest and fiscal charges 9,145,127 7,513,519 1,631,608
Total debt service 31,200,000 25,633,519 5,566,481
Total Expenditures 31,200,000 25,633,519 5,566,481
Excess (Deficiency) of Revenues
Over Expenditures (31,200,000) (121,730) 31,078,270
Fund Balance - Beginning - 1,094,438 1,094,438
Fund Balance - Ending (31,200,000)$ 972,708$ 32,172,708$
Budgeted Amounts
STATISTICAL SECTION
(UNAUDITED)
63
STATISTICAL SECTION
This section of the Peoria Unified School District No.11‘s annual comprehensive financial report presents detailed
information as a context for understanding what the information in the financial statements, note disclosures, and
required supplementary information says about the government’s overall financial health.
Financial Trends: These schedules contain trend information to help the reader understand how the government’s
financial performance and well-being have changed over time.
Revenue Capacity: These schedules contain information to help the reader assess the government’s most
significant local revenue source, the property tax.
Debt Capacity: These schedules present information to help the reader assess the affordability of the
government’s current levels of outstanding debt and the government’s ability to issue additional debt in the future.
Demographic and Economic Information: These schedules offer demographic and economic indicators to help
the reader understand the environment within which the government’s financial activities take place.
Operating Information: These schedules contain service and infrastructure data to help the reader understand
how the information in the government’s financial report relates to the services the government provides and the
activities it performs.
See the table of contents for page numbers of the schedules that encompass the above sections
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
NE
T
P
O
S
I
T
I
O
N
B
Y
C
O
M
P
O
N
E
N
T
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
AC
C
R
U
A
L
B
A
S
I
S
O
F
A
C
C
O
U
N
T
I
N
G
(U
N
A
U
D
I
T
E
D
)
64
Go
v
e
r
n
m
e
n
t
a
l
A
c
t
i
v
i
t
i
e
s
Ne
t
P
o
s
i
t
i
o
n
:
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
Ne
t
i
n
v
e
s
t
m
e
n
t
i
n
c
a
p
i
t
a
l
a
s
s
e
t
s
1
8
8
,
9
0
6
,
7
3
3
$
1
8
7
,
7
2
8
,
5
8
5
$
1
8
2
,
9
8
4
,
3
0
8
$
1
8
2
,
4
7
3
,
8
9
6
$
1
8
4
,
4
6
6
,
4
6
6
$
Re
s
t
r
i
c
t
e
d
6
3
,
7
0
5
,
5
9
1
3
5
,
5
8
8
,
2
6
1
2
8
,
6
8
1
,
0
6
5
2
4
,
5
2
5
,
2
7
2
1
8
,
7
1
0
,
8
4
1
Un
r
e
s
t
r
i
c
t
e
d
(
1
5
3
,
9
0
7
,
7
1
0
)
(
1
8
1
,
7
3
7
,
1
9
2
)
(
1
9
5
,
1
2
2
,
1
2
3
)
(
2
1
0
,
9
8
1
,
8
7
5
)
(
2
2
8
,
7
3
8
,
2
2
0
)
To
t
a
l
9
8
,
7
0
4
,
6
1
4
$
4
1
,
5
7
9
,
6
5
4
$
1
6
,
5
4
3
,
2
5
0
$
(
3
,
9
8
2
,
7
0
7
)
$
(
2
5
,
5
6
0
,
9
1
3
)
$
Go
v
e
r
n
m
e
n
t
a
l
A
c
t
i
v
i
t
i
e
s
Ne
t
P
o
s
i
t
i
o
n
:
20
1
7
2
0
1
6
2
0
1
5
2
0
1
4
2
0
1
3
Ne
t
i
n
v
e
s
t
m
e
n
t
i
n
c
a
p
i
t
a
l
a
s
s
e
t
s
1
8
7
,
0
4
1
,
6
6
6
$
2
0
1
,
2
6
1
,
7
1
8
$
2
0
8
,
1
4
4
,
6
0
9
$
2
1
3
,
0
8
1
,
8
5
2
$
2
2
0
,
8
8
7
,
1
1
0
$
Re
s
t
r
i
c
t
e
d
1
9
,
4
2
7
,
5
9
6
2
0
,
2
6
0
,
0
6
8
2
6
,
2
2
1
,
2
1
1
2
5
,
9
5
2
,
1
5
9
2
1
,
6
8
9
,
1
2
0
Un
r
e
s
t
r
i
c
t
e
d
(
2
4
2
,
9
2
6
,
2
6
0
)
(
2
4
2
,
6
3
5
,
7
1
4
)
(
2
6
9
,
8
0
9
,
2
9
1
)
(
2
7
3
,
9
2
6
,
6
4
6
)
(
2
2
,
2
9
0
,
9
5
4
)
To
t
a
l
(
3
6
,
4
5
6
,
9
9
8
)
$
(
2
1
,
1
1
3
,
9
2
8
)
$
(
3
5
,
4
4
3
,
4
7
1
)
$
(
3
4
,
8
9
2
,
6
3
5
)
$
2
2
0
,
2
8
5
,
2
7
6
$
S
o
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
.
No
t
e
1
:
T
h
e
D
i
s
t
r
i
c
t
o
n
l
y
r
e
p
o
r
t
s
g
o
v
e
r
n
m
e
n
t
a
l
a
c
t
i
v
i
t
i
e
s
.
No
t
e
2
:
S
t
a
r
t
i
n
g
i
n
f
i
s
c
a
l
y
e
a
r
2
0
1
4
,
T
o
t
a
l
G
o
v
e
r
n
m
e
n
t
a
l
A
c
t
i
v
i
t
i
e
s
N
e
t
P
o
s
i
t
i
o
n
d
e
c
r
e
a
s
e
d
d
u
e
t
o
t
h
e
i
m
p
l
e
m
e
n
t
a
t
i
o
n
o
f
G
A
S
B
St
a
t
e
m
e
n
t
N
o
6
8
t
o
p
o
s
t
t
h
e
n
e
t
p
e
n
s
i
o
n
l
i
a
b
i
l
i
t
y
.
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
EX
P
E
N
S
E
S
,
P
R
O
G
R
A
M
R
E
V
E
N
U
E
S
,
A
N
D
N
E
T
E
X
P
E
N
S
E
–
G
O
V
E
R
N
M
E
N
T
A
L
A
C
T
I
V
I
T
I
E
S
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
AC
C
R
U
A
L
B
A
S
I
S
O
F
A
C
C
O
U
N
T
I
N
G
(U
N
A
U
D
I
T
E
D
)
65
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
2
0
1
3
Ex
p
e
n
s
e
s
:
I
n
s
t
r
u
c
t
i
o
n
2
0
7
,
1
1
3
,
1
6
0
$
2
1
0
,
2
7
1
,
4
8
4
$
1
9
3
,
2
7
8
,
8
4
4
$
1
7
4
,
8
6
3
,
1
6
5
$
1
6
7
,
1
3
7
,
2
2
2
$
1
7
3
,
3
7
0
,
2
6
7
$
1
5
7
,
1
6
2
,
8
2
0
$
1
5
5
,
6
4
1
,
4
6
7
$
1
6
2
,
2
1
8
,
7
6
6
$
1
5
4
,
8
8
7
,
5
9
6
$
S
u
p
p
o
r
t
S
e
r
v
i
c
e
s
-
s
t
u
d
e
n
t
s
a
n
d
s
t
a
f
f
5
1
,
28
2
,
6
4
5
4
5
,
3
5
5
,
9
4
9
4
3
,
7
4
2
,
1
8
4
4
0
,
8
5
6
,
9
4
7
3
8
,
6
8
7
,
1
3
3
4
0
,
7
1
1
,
9
8
1
3
6
,
6
1
4
,
5
2
4
3
4
,
7
4
7
,
9
7
4
3
3
,
9
9
9
,
6
8
6
3
2
,
5
6
3
,
2
0
6
S
u
p
p
o
r
t
S
e
r
v
i
c
e
s
-
a
d
m
i
n
i
s
t
r
a
t
i
o
n
3
5
,
46
8
,
6
7
6
3
0
,
4
8
3
,
0
0
9
3
1
,
0
4
5
,
9
3
1
2
9
,
8
3
4
,
3
7
8
2
8
,
1
1
9
,
4
1
6
2
7
,
5
1
6
,
2
9
3
2
8
,
5
2
8
,
8
3
4
2
6
,
9
1
5
,
8
5
1
2
5
,
3
3
5
,
4
6
4
2
8
,
1
2
9
,
2
0
1
O
p
e
r
a
t
i
o
n
a
n
d
M
a
i
n
t
e
n
a
nc
e
o
f
p
l
a
n
t
s
e
r
v
i
c
e
s
3
8
,
10
4
,
3
6
4
3
2
,
1
4
0
,
3
2
8
3
0
,
2
8
0
,
5
2
1
3
6
,
1
1
3
,
5
6
8
3
4
,
0
7
1
,
7
3
4
3
3
,
2
3
8
,
9
7
2
2
6
,
0
6
5
,
7
9
5
2
3
,
9
6
2
,
5
7
6
2
6
,
0
8
5
,
7
1
7
2
7
,
3
2
8
,
1
6
4
S
t
u
d
e
n
t
t
r
a
n
s
p
o
r
t
a
t
i
o
n
s
e
r
v
i
c
e
s
1
4
,
4
6
3
,
1
1
3
1
1
,
9
8
5
,
7
7
7
1
2
,
5
5
9
,
4
7
4
1
2
,
7
6
9
,
7
7
5
1
1
,
7
1
9
,
6
6
9
1
1
,
8
2
6
,
9
8
3
1
1
,
8
5
8
,
3
2
6
1
0
,
6
2
4
,
6
2
0
9
,
6
8
8
,
1
1
4
9
,
9
0
9
,
3
0
5
O
p
e
r
a
t
i
o
n
o
f
n
o
n
-
i
n
s
t
r
u
c
t
i
o
n
a
l
s
e
r
v
i
c
e
s
1
7
,
89
6
,
1
1
5
1
4
,
4
1
9
,
1
0
0
1
3
,
0
2
2
,
9
0
0
1
2
,
2
2
4
,
1
5
4
1
2
,
2
8
7
,
6
3
3
1
2
,
9
5
4
,
3
1
0
1
2
,
0
4
3
,
3
0
8
1
1
,
3
1
1
,
8
0
9
1
3
,
3
2
6
,
7
1
6
1
4
,
0
6
8
,
2
7
4
I
n
t
e
r
e
s
t
o
n
l
o
n
g
-
t
e
r
m
d
e
b
t
6
,
9
4
1
,
7
7
7
7
,
7
9
9
,
0
8
5
9
,
3
7
3
,
6
0
4
9
,
0
8
9
,
1
0
6
9
,
7
1
9
,
0
2
6
1
1
,
6
7
8
,
6
4
5
9
,
6
9
3
,
9
4
2
8
,
9
7
9
,
8
4
4
1
0
,
4
0
0
,
2
0
2
1
0
,
3
5
6
,
9
7
5
To
t
a
l
e
x
p
e
n
s
e
s
37
1
,
2
6
9
,
8
5
0
3
5
2
,
4
5
4
,
7
3
2
3
3
3
,
3
0
3
,
4
5
8
3
1
5
,
7
5
1
,
0
9
3
3
0
1
,
7
4
1
,
8
3
3
3
1
1
,
2
9
7
,
4
5
1
2
8
1
,
9
6
7
,
5
4
9
2
7
2
,
1
8
4
,
1
4
1
2
8
1
,
0
5
4
,
6
6
5
2
7
7
,
2
4
2
,
7
2
1
Pr
o
g
r
a
m
r
e
v
e
n
u
e
s
:
C
h
a
r
g
e
s
f
o
r
s
e
r
v
i
c
e
s
:
I
n
s
t
r
u
c
t
i
o
n
a
n
d
s
u
pp
o
r
t
s
e
r
v
i
c
e
s
7
,
79
5
,
7
1
7
1
,
7
1
9
,
8
1
8
2
,
2
8
9
,
1
8
1
3
,
0
1
5
,
8
8
4
3
,
6
2
8
,
6
5
0
3
,
4
9
7
,
6
8
3
6
,
8
6
9
,
8
5
2
6
,
7
0
9
,
1
3
8
8
,
1
3
2
,
6
3
6
8
,
0
9
6
,
6
7
3
O
p
e
r
a
t
i
o
n
o
f
n
o
n
i
n
s
t
r
u
c
t
i
o
n
a
l
s
e
r
v
i
c
e
s
76
8
,
2
5
0
1
,
7
0
8
,
2
0
7
6
,
3
8
0
,
7
6
2
7
,
7
3
0
,
8
9
7
7
,
5
8
7
,
7
4
7
7
,
2
8
8
,
6
1
4
6
,
8
0
6
,
7
0
0
6
,
6
1
1
,
8
0
7
6
,
9
4
0
,
0
8
4
6
,
8
2
5
,
5
4
9
O
p
e
r
a
t
i
n
g
g
r
a
n
t
s
a
n
d
c
o
n
t
r
i
b
u
t
i
o
n
s
11
3
,
3
0
4
,
8
9
8
7
6
,
9
3
9
,
6
2
4
5
5
,
5
6
9
,
6
4
3
5
2
,
8
9
4
,
9
2
1
4
6
,
9
5
2
,
8
7
1
4
4
,
9
4
0
,
9
3
4
4
4
,
6
0
7
,
5
4
3
4
3
,
1
5
7
,
8
6
4
4
1
,
6
5
1
,
0
7
9
3
9
,
5
8
5
,
6
5
5
C
a
p
i
t
a
l
g
r
a
n
t
s
a
n
d
c
o
n
t
r
i
b
u
t
i
o
n
s
6
,
6
6
0
,
8
9
8
3
,
9
5
3
,
2
7
0
5
4
,
7
7
5
2
,
0
5
7
,
0
3
9
5
2
5
,
2
5
0
9
6
,
4
2
3
-
-
4
9
6
,
9
2
6
5
5
2
,
8
7
0
To
t
a
l
p
r
o
g
r
a
m
r
e
v
e
n
u
e
s
12
8
,
5
2
9
,
7
6
3
8
4
,
3
2
0
,
9
1
9
6
4
,
2
9
4
,
3
6
1
6
5
,
6
9
8
,
7
4
1
5
8
,
6
9
4
,
5
1
8
5
5
,
8
2
3
,
6
5
4
5
8
,
2
8
4
,
0
9
5
5
6
,
4
7
8
,
8
0
9
5
7
,
2
2
0
,
7
2
5
5
5
,
0
6
0
,
7
4
7
Ne
t
e
x
p
e
n
s
e
(2
4
2
,
7
4
0
,
0
8
7
)
$
(
2
6
8
,
1
3
3
,
8
1
3
)
$
(
2
6
9
,
0
0
9
,
0
9
7
)
$
(
2
5
0
,
0
5
2
,
3
5
2
)
$
(
2
4
3
,
0
4
7
,
3
1
5
)
$
(
2
5
5
,
4
7
3
,
7
9
7
)
$
(
2
2
3
,
6
8
3
,
4
5
4
)
$
(
2
1
5
,
7
0
5
,
3
3
2
)
$
(
2
2
3
,
8
3
3
,
9
4
0
)
$
(
2
2
2
,
1
8
1
,
9
7
4
)
$
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
.
Co
n
t
i
n
u
e
d
o
n
n
e
x
t
p
a
g
e
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
GE
N
E
R
A
L
R
E
V
E
N
U
E
S
A
N
D
T
O
T
A
L
C
H
A
N
G
E
S
I
N
N
E
T
P
O
S
I
T
I
O
N
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
AC
C
R
U
A
L
B
A
S
I
S
O
F
A
C
C
O
U
N
T
I
N
G
(U
N
A
U
D
I
T
E
D
)
66
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
2
0
1
3
Ne
t
E
x
p
e
n
s
e
a
n
d
o
t
h
e
r
c
h
a
n
g
e
s
(2
4
2
,
7
4
0
,
0
8
7
)
$
(
2
6
8
,
1
3
3
,
8
1
3
)
$
(
2
6
9
,
0
0
9
,
0
9
7
)
$
(
2
5
0
,
0
5
2
,
3
5
2
)
$
(
2
4
3
,
0
4
7
,
3
1
5
)
$
(
2
5
5
,
4
7
3
,
7
9
7
)
$
(
2
2
3
,
6
8
3
,
4
5
4
)
$
(
2
1
5
,
7
0
5
,
3
3
2
)
$
(
2
2
3
,
8
3
3
,
9
4
0
)
$
(
2
2
2
,
1
8
1
,
9
7
4
)
$
Ge
n
e
r
a
l
r
e
v
e
n
u
e
s
:
P
r
o
p
e
r
t
y
t
a
x
e
s
:
1
1
7
,
1
4
9
,
4
4
7
1
1
8
,
2
5
5
,
6
5
1
1
1
3
,
1
8
9
,
9
1
2
1
1
0
,
1
0
4
,
8
1
8
1
1
0
,
2
9
4
,
4
4
0
1
1
0
,
5
9
3
,
8
3
5
1
0
2
,
8
6
9
,
0
6
3
8
8
,
4
6
2
,
5
5
5
9
1
,
7
0
9
,
1
9
7
9
3
,
1
6
4
,
8
3
9
S
t
a
t
e
E
q
u
a
l
i
z
a
t
i
o
n
a
n
d
A
d
d
i
t
i
o
n
a
l
S
t
a
t
e
A
i
d
1
6
6
,
3
3
7
,
3
2
3
1
5
4
,
7
3
4
,
3
8
5
1
5
7
,
8
9
8
,
3
9
8
1
4
3
,
1
3
8
,
6
9
1
1
2
6
,
5
8
5
,
6
0
9
1
2
0
,
8
7
5
,
7
2
2
1
2
1
,
9
5
3
,
8
1
3
1
1
3
,
4
3
5
,
2
1
9
1
1
3
,
2
6
0
,
7
1
2
1
1
1
,
7
4
0
,
6
8
8
C
o
u
n
t
y
E
q
u
a
l
i
z
a
t
i
o
n
1
4
,
9
0
7
,
0
4
2
1
4
,
5
4
8
,
3
5
2
1
3
,
5
7
1
,
3
8
5
1
3
,
2
3
3
,
7
7
4
1
2
,
6
9
0
,
0
6
8
1
1
,
9
2
5
,
0
5
7
1
1
,
6
5
8
,
1
7
3
1
1
,
1
6
4
,
0
1
9
1
0
,
9
8
5
,
6
4
6
1
1
,
0
7
3
,
2
4
1
I
n
v
e
s
t
m
e
n
t
E
a
r
n
i
n
g
s
82
9
,
7
9
0
1
,
0
1
7
,
8
5
1
1
,
6
4
8
,
4
6
5
1
,
3
7
7
,
4
6
4
7
9
0
,
4
8
0
4
9
5
,
1
6
9
4
5
5
,
6
9
3
3
4
7
,
1
6
5
4
6
9
,
0
2
0
2
7
5
,
6
8
0
O
t
h
e
r
6
4
1
,
4
4
5
3
,
1
9
1
,
3
7
3
3
,
2
2
6
,
8
9
4
3
,
7
7
5
,
8
1
1
3
,
5
8
2
,
8
0
3
4
,
5
3
7
,
7
5
3
1
,
0
7
6
,
2
5
5
1
,
7
4
5
,
5
3
8
5
9
1
,
2
7
8
4
6
0
,
3
4
8
T
o
t
a
l
g
e
n
e
r
a
l
r
e
v
e
n
u
e
s
29
9
,
8
6
5
,
0
4
7
2
9
1
,
7
4
7
,
6
1
2
2
8
9
,
5
3
5
,
0
5
4
2
7
1
,
6
3
0
,
5
5
8
2
5
3
,
9
4
3
,
4
0
0
2
4
8
,
4
2
7
,
5
3
6
2
3
8
,
0
1
2
,
9
9
7
2
1
5
,
1
5
4
,
4
9
6
2
1
7
,
0
1
5
,
8
5
3
2
1
6
,
7
1
4
,
7
9
6
C
h
a
n
g
e
s
i
n
n
e
t
p
o
s
i
t
i
o
n
57
,
1
2
4
,
9
6
0
$
2
3
,
6
1
3
,
7
9
9
$
2
0
,
5
2
5
,
9
5
7
$
2
1
,
5
7
8
,
2
0
6
$
1
0
,
8
9
6
,
0
8
5
$
(
7
,
0
4
6
,
2
6
1
)
$
1
4
,
3
2
9
,
5
4
3
$
(
5
5
0
,
8
3
6
)
$
(
6
,
8
1
8
,
0
8
7
)
$
(
5
,
4
6
7
,
1
7
8
)
$
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
.
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
FU
N
D
B
A
L
A
N
C
E
S
–
G
O
V
E
R
N
M
E
N
T
A
L
F
U
N
D
S
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
MO
D
I
F
I
E
D
A
C
C
R
U
A
L
B
A
S
I
S
O
F
A
C
C
O
U
N
T
I
N
G
(U
N
A
U
D
I
T
E
D
)
67
Ge
n
e
r
a
l
F
u
n
d
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
2
0
1
3
No
n
s
p
e
n
d
a
b
l
e
1
5
,
6
5
3
,
6
5
9
$
1
2
,
1
8
5
,
1
8
3
$
1
,
3
4
2
,
7
5
2
$
5
2
4
,
5
8
0
$
4
3
0
,
7
0
7
$
5
2
1
,
5
3
3
$
6
7
8
,
8
0
6
$
9
3
9
,
5
4
1
$
6
4
7
,
9
7
6
$
5
8
8
,
3
3
1
$
Re
s
t
r
i
c
t
e
d
-
-
-
-
-
-
1
,
0
3
5
,
5
2
5
-
-
-
Un
a
s
s
i
g
n
e
d
7
3
,
5
9
5
,
2
0
4
5
9
,
2
6
0
,
6
1
3
5
5
,
3
6
1
,
8
3
0
3
1
,
8
6
4
,
8
4
8
2
5
,
5
8
1
,
4
0
8
1
6
,
2
1
5
,
0
3
9
1
5
,
4
9
4
,
1
8
6
(
2
,
1
2
6
,
5
6
1
)
1
,
1
1
2
,
9
9
1
9
4
2
,
0
4
0
To
t
a
l
G
e
n
e
r
a
l
F
u
n
d
89
,
2
4
8
,
8
6
3
7
1
,
4
4
5
,
7
9
6
5
6
,
7
0
4
,
5
8
2
3
2
,
3
8
9
,
4
2
8
2
6
,
0
1
2
,
1
1
5
1
6
,
7
3
6
,
5
7
2
1
7
,
2
0
8
,
5
1
7
(
1
,
1
8
7
,
0
2
0
)
1
,
7
6
0
,
9
6
7
1
,
5
3
0
,
3
7
1
Al
l
o
t
h
e
r
g
o
v
e
r
n
m
e
n
t
a
l
f
u
n
d
s
:
No
n
s
p
e
n
d
a
b
l
e
3
5
6
,
7
3
8
-
-
-
-
-
2
6
4
,
0
6
2
3
4
7
,
2
7
7
3
4
5
,
0
8
0
3
4
0
,
7
2
3
Re
s
t
r
i
c
t
e
d
6
3
,
7
0
5
,
5
9
1
4
4
,
2
0
0
,
0
9
9
4
3
,
2
1
5
,
5
5
9
3
1
,
3
9
5
,
4
2
8
2
2
,
1
4
3
,
4
3
2
2
3
,
4
6
3
,
3
1
9
2
7
,
3
7
8
,
6
5
1
3
2
,
2
9
2
,
3
1
5
3
2
,
4
7
0
,
7
2
6
3
6
,
8
6
7
,
0
4
4
Un
a
s
s
i
g
n
e
d
-
(
3
,
3
0
8
,
2
7
9
)
(
4
,
4
8
9
,
7
1
0
)
-
-
-
-
-
-
-
To
t
a
l
a
l
l
o
t
h
e
r
g
o
v
e
r
n
m
e
n
t
a
l
f
u
n
d
s
64
,
0
6
2
,
3
2
9
4
0
,
8
9
1
,
8
2
0
3
8
,
7
2
5
,
8
4
9
3
1
,
3
9
5
,
4
2
8
2
2
,
1
4
3
,
4
3
2
2
3
,
4
6
3
,
3
1
9
2
7
,
6
4
2
,
7
1
3
3
2
,
6
3
9
,
5
9
2
3
2
,
8
1
5
,
8
0
6
3
7
,
2
0
7
,
7
6
7
To
t
a
l
a
l
l
g
o
v
e
r
n
m
e
n
t
a
l
f
u
n
d
s
15
3
,
3
1
1
,
1
9
2
$
1
1
2
,
3
3
7
,
6
1
6
$
9
5
,
4
3
0
,
4
3
1
$
6
3
,
7
8
4
,
8
5
6
$
4
8
,
1
5
5
,
5
4
7
$
4
0
,
1
9
9
,
8
9
1
$
4
4
,
8
5
1
,
2
3
0
$
3
1
,
4
5
2
,
5
7
2
$
3
4
,
5
7
6
,
7
7
3
$
3
8
,
7
3
8
,
1
3
8
$
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
.
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
RE
V
E
N
U
E
S
–
G
O
V
E
R
N
M
E
N
T
A
L
F
U
N
D
S
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
MO
D
I
F
I
E
D
A
C
C
R
U
A
L
B
A
S
I
S
O
F
A
C
C
O
U
N
T
I
N
G
(U
N
A
U
D
I
T
E
D
)
68
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
2
0
1
3
Re
v
e
n
u
e
s
Pr
o
p
e
r
t
y
T
a
x
e
s
1
1
7
,
2
0
5
,
5
5
1
$
1
1
8
,
1
3
5
,
9
1
2
$
1
1
3
,
4
2
3
,
6
5
1
$
1
1
0
,
0
3
1
,
4
7
7
$
1
1
0
,
4
0
8
,
2
2
4
$
1
1
0
,
6
6
9
,
7
9
5
$
1
0
2
,
8
4
5
,
3
6
0
$
8
8
,
2
6
5
,
7
7
4
$
9
1
,
9
7
1
,
7
0
6
$
9
3
,
7
5
6
,
0
1
5
$
In
t
e
r
g
o
v
e
r
n
m
e
n
t
a
l
2
9
9
,
6
4
5
,
5
0
2
2
4
4
,
1
4
1
,
2
5
2
2
2
4
,
9
9
9
,
5
4
8
2
0
7
,
6
4
6
,
0
9
2
1
8
3
,
6
3
8
,
7
0
0
1
7
4
,
7
6
0
,
5
9
5
1
7
4
,
5
5
9
,
5
2
3
1
6
5
,
0
3
5
,
4
4
1
1
6
3
,
7
3
7
,
9
6
2
1
6
0
,
2
8
2
,
9
5
9
Tu
i
t
i
o
n
1
6
,
4
7
2
1
,
6
1
2
,
2
6
4
1
,
9
5
5
,
0
1
0
2
,
3
6
0
,
0
7
5
2
,
2
3
0
,
1
9
5
2
,
1
2
7
,
2
3
0
3
,
5
6
3
,
8
6
5
2
,
8
6
2
,
2
8
1
3
,
7
7
0
,
1
0
7
4
,
0
6
3
,
8
9
8
Fo
o
d
S
e
r
v
i
c
e
S
a
l
e
s
2
8
3
,
2
7
4
1
3
7
,
7
4
3
3
,
4
3
7
,
0
1
3
4
,
3
5
0
,
0
8
3
4
,
1
8
9
,
8
9
5
4
,
1
2
0
,
9
6
5
3
,
9
8
0
,
6
3
5
3
,
9
5
2
,
3
3
6
4
,
1
6
6
,
1
1
3
4
,
2
4
2
,
1
0
0
Ch
a
r
g
e
s
f
o
r
S
e
r
v
i
c
e
s
5
,
3
6
0
,
2
6
9
4
8
3
,
0
8
2
8
0
7
,
3
3
6
1
,
0
8
2
,
1
1
6
1
,
7
9
9
,
9
5
7
1
,
7
4
0
,
1
7
6
3
,
8
1
3
,
6
0
7
3
,
7
3
3
,
5
0
4
3
,
9
0
5
,
1
8
7
1
,
7
4
1
,
4
9
4
Co
n
t
r
i
b
u
t
i
o
n
s
a
n
d
D
o
n
a
t
i
o
n
s
1
,
5
6
4
,
6
5
9
2
,
3
3
9
,
2
5
9
2
,
2
3
2
,
8
8
1
2
,
3
5
2
,
5
2
7
2
,
7
6
6
,
5
5
3
2
,
9
6
7
,
8
3
8
3
,
0
6
6
,
0
0
3
2
,
7
5
4
,
6
6
1
2
,
6
6
8
,
6
9
2
2
,
7
1
1
,
9
3
1
In
v
e
s
t
m
e
n
t
E
a
r
n
i
n
g
s
8
2
9
,
7
9
0
1
,
0
1
7
,
8
5
1
1
,
6
4
8
,
4
4
7
1
,
3
7
7
,
4
6
5
7
9
0
,
4
8
0
4
9
5
,
3
2
7
4
5
5
,
7
4
1
3
4
7
,
1
6
4
4
6
9
,
0
1
9
2
7
5
,
6
7
9
Ot
h
e
r
3
,
7
0
4
,
3
7
4
4
,
3
8
6
,
3
0
9
5
,
8
4
0
,
4
4
3
7
,
0
0
1
,
1
1
1
6
,
7
1
2
,
1
2
7
7
,
4
3
7
,
8
2
1
3
,
8
1
4
,
0
6
5
4
,
4
0
5
,
0
0
9
3
,
3
6
5
,
2
4
9
5
,
3
3
5
,
0
7
8
To
t
a
l
R
e
v
e
n
u
e
42
8
,
6
0
9
,
8
9
1
3
7
2
,
2
5
3
,
6
7
2
$
3
5
4
,
3
4
4
,
3
2
9
$
3
3
6
,
2
0
0
,
9
4
6
$
3
1
2
,
5
3
6
,
1
3
1
$
3
0
4
,
3
1
9
,
7
4
7
$
2
9
6
,
0
9
8
,
7
9
9
$
2
7
1
,
3
5
6
,
1
7
0
$
2
7
4
,
0
5
4
,
0
3
5
$
2
7
2
,
4
0
9
,
1
5
4
$
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
.
Co
n
t
i
n
u
e
d
o
n
n
e
x
t
p
a
g
e
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
GO
V
E
R
N
M
E
N
T
A
L
F
U
N
D
S
E
X
P
E
N
D
I
T
U
R
E
S
A
N
D
D
E
B
T
S
E
R
V
I
C
E
R
A
T
I
O
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
MO
D
I
F
I
E
D
A
C
C
R
U
A
L
B
A
S
I
S
O
F
A
C
C
O
U
N
T
I
N
G
(U
N
A
U
D
I
T
E
D
)
69
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
2
0
1
3
Ex
p
e
n
d
i
t
u
r
e
s
:
Cu
r
r
e
n
t
:
I
n
s
t
r
u
c
t
i
o
n
1
9
7
,
5
5
4
,
2
1
6
$
1
8
6
,
9
6
0
,
3
6
3
$
1
7
0
,
3
1
1
,
7
3
4
$
1
6
7
,
0
7
4
,
8
9
1
$
1
5
3
,
8
2
7
,
8
2
8
$
1
6
2
,
1
4
3
,
8
0
8
$
1
4
7
,
1
9
5
,
0
8
1
$
1
3
8
,
8
8
0
,
5
4
8
$
1
4
2
,
3
1
6
,
5
6
7
$
1
3
8
,
1
9
5
,
0
2
4
$
S
u
p
p
o
r
t
s
e
r
v
i
c
e
s
-
s
t
u
d
e
n
t
s
a
n
d
s
t
a
f
f
5
2
,
43
5
,
8
9
1
4
4
,
9
8
6
,
9
4
1
4
2
,
8
3
5
,
2
7
4
4
2
,
2
2
6
,
4
4
8
3
9
,
0
4
9
,
9
9
6
4
1
,
6
2
0
,
4
9
3
3
7
,
7
5
6
,
3
0
3
3
5
,
5
4
3
,
4
5
7
3
2
,
4
7
5
,
1
6
6
3
2
,
8
2
4
,
1
5
8
S
u
p
p
o
r
t
s
e
r
v
i
c
e
s
-
a
d
m
i
n
i
s
t
r
a
t
i
o
n
3
6
,
58
4
,
1
1
3
3
0
,
3
2
4
,
7
7
7
2
8
,
8
5
0
,
5
3
2
2
9
,
3
3
2
,
5
4
5
2
8
,
0
2
2
,
5
1
2
2
7
,
3
2
5
,
6
0
0
2
8
,
7
5
0
,
9
7
7
2
7
,
4
0
4
,
7
4
3
2
8
,
3
9
1
,
6
2
2
2
7
,
5
3
1
,
6
5
0
O
p
e
r
a
t
i
o
n
a
n
d
m
a
i
n
t
e
n
a
n
c
e
o
f
p
l
a
n
t
s
e
r
v
i
c
e
s
3
0
,
6
6
6
,
3
8
1
3
1
,
4
8
6
,
6
6
0
2
9
,
6
1
5
,
5
3
9
2
9
,
6
5
6
,
5
8
7
2
8
,
4
1
9
,
7
6
1
2
8
,
9
2
5
,
2
0
3
2
7
,
5
8
6
,
2
2
2
2
7
,
3
4
6
,
5
0
5
2
6
,
5
9
4
,
5
6
1
2
8
,
8
9
5
,
9
6
2
S
t
u
d
e
n
t
t
r
a
n
s
p
o
r
t
a
t
i
o
n
s
e
r
v
i
c
e
s
1
3
,
0
6
1
,
2
8
6
9
,
3
7
2
,
8
5
8
1
0
,
9
7
8
,
6
2
3
1
3
,
2
9
0
,
3
4
6
1
3
,
3
0
0
,
6
3
1
1
3
,
3
0
0
,
4
8
2
1
1
,
0
6
4
,
8
8
6
1
0
,
1
0
7
,
3
5
5
1
0
,
6
4
4
,
0
1
5
9
,
9
8
6
,
4
2
5
O
p
e
r
a
t
i
o
n
o
f
n
o
n
-
i
n
s
t
r
u
c
t
i
o
n
a
l
s
e
r
v
i
c
e
s
1
8
,
2
1
3
,
8
8
7
1
4
,
2
2
5
,
6
7
8
1
4
,
7
0
5
,
2
1
7
1
4
,
6
0
3
,
6
2
6
1
4
,
8
9
2
,
5
9
5
1
4
,
4
6
2
,
0
9
1
1
3
,
9
5
6
,
6
0
2
1
3
,
4
3
0
,
5
4
1
1
3
,
2
3
0
,
6
6
9
1
2
,
2
4
0
,
0
3
5
Ju
d
g
e
m
e
n
t
s
A
g
a
i
n
s
t
t
h
e
D
i
s
t
r
i
c
t
-
-
-
-
-
-
-
-
-
2
5
0
,
0
0
0
De
b
t
S
e
r
v
i
c
e
:
P
r
i
n
c
i
p
a
l
r
e
t
i
re
m
e
n
t
1
9
,
1
7
9
,
8
3
3
2
3
,
6
3
3
,
3
3
0
2
1
,
8
1
2
,
4
9
5
1
9
,
8
7
5
,
1
9
5
2
0
,
4
0
9
,
3
5
3
1
8
,
8
4
6
,
9
0
3
1
8
,
7
2
0
,
0
0
0
1
9
,
3
1
5
,
0
0
0
1
8
,
0
8
5
,
0
0
0
1
8
,
0
2
0
,
0
0
0
I
n
t
e
r
e
s
t
,
p
r
e
m
i
u
m
a
n
d
f
i
s
c
a
l
c
h
a
r
g
e
s
7
,
7
0
2
,
3
1
1
8
,
5
5
4
,
2
4
4
9
,
9
0
8
,
9
4
9
9
,
7
6
6
,
8
7
0
1
0
,
2
9
4
,
5
0
6
1
0
,
3
7
3
,
2
3
3
9
,
5
5
1
,
0
2
6
9
,
7
3
1
,
0
4
5
9
,
3
8
7
,
0
7
6
8
,
0
0
8
,
4
0
7
B
o
n
d
I
s
s
u
a
n
c
e
C
o
s
t
s
-
5
,
3
7
5
2
2
5
,
1
8
9
1
9
3
,
6
5
5
2
1
9
,
6
5
4
3
0
7
,
5
0
0
7
2
9
,
0
4
0
3
2
7
,
6
8
6
3
8
6
,
2
5
0
2
0
5
,
9
4
8
Fa
c
i
l
i
t
i
e
s
A
c
q
u
i
s
i
t
i
o
n
:
1
2
,
41
5
,
7
8
9
7
,
4
1
3
,
5
8
7
1
1
,
3
2
1
,
7
0
7
1
2
,
1
9
3
,
7
7
1
1
6
,
2
1
2
,
0
8
2
2
0
,
9
0
2
,
8
2
1
2
5
,
4
8
4
,
4
0
7
2
0
,
4
3
0
,
9
5
3
4
2
,
3
0
9
,
7
9
7
1
3
,
5
4
3
,
7
1
9
To
t
a
l
e
x
p
e
n
d
i
t
u
r
e
s
38
7
,
8
1
3
,
7
0
7
$
3
5
6
,
9
6
3
,
8
1
3
$
3
4
0
,
5
6
5
,
2
5
9
$
3
3
8
,
2
1
3
,
9
3
4
$
3
2
4
,
6
4
8
,
9
1
8
$
3
3
8
,
2
0
8
,
1
3
4
$
3
2
0
,
7
9
4
,
5
4
4
$
3
0
2
,
5
1
7
,
8
3
3
$
3
2
3
,
8
2
0
,
7
2
3
$
2
8
9
,
7
0
1
,
3
2
8
$
De
b
t
s
e
r
v
i
c
e
a
s
a
p
e
r
c
e
n
t
a
g
e
o
f
n
o
n
c
a
p
i
t
a
l
e
x
p
e
n
d
i
t
u
r
e
s
7
.
2
1
%
9
.
2
2
%
9
.
7
0
%
9
.
2
0
%
1
0
.
1
3
%
9
.
3
5
%
9
.
7
3
%
1
0
.
4
3
%
9
.
9
6
%
9
.
4
5
%
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
.
Co
n
t
i
n
u
e
d
o
n
n
e
x
t
p
a
g
e
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
OT
H
E
R
F
I
N
A
N
C
I
N
G
S
O
U
R
C
E
S
A
N
D
U
S
E
S
A
N
D
N
E
T
C
H
A
N
G
E
S
I
N
F
U
N
D
B
A
L
A
N
C
E
S
–
G
O
V
E
R
N
M
E
N
T
A
L
F
U
N
D
S
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
MO
D
I
F
I
E
D
A
C
C
R
U
A
L
B
A
S
I
S
O
F
A
C
C
O
U
N
T
I
N
G
(U
N
A
U
D
I
T
E
D
)
70
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
2
0
1
3
Ex
c
e
s
s
(
d
e
f
i
c
i
e
n
c
y
)
o
f
r
e
v
e
n
u
e
s
o
v
e
r
e
x
p
e
n
d
i
t
u
r
e
s
40
,
7
9
6
,
1
8
4
$
1
5
,
2
8
9
,
8
5
9
$
1
3
,
7
7
9
,
0
7
0
$
(
2
,
0
1
2
,
9
8
8
)
$
(
1
2
,
1
1
2
,
7
8
7
)
$
(
3
3
,
8
8
8
,
3
8
7
)
$
(
2
4
,
6
9
5
,
7
4
5
)
$
(
3
1
,
1
6
1
,
6
6
3
)
$
(
4
9
,
7
6
6
,
6
8
8
)
$
(
1
7
,
2
9
2
,
1
7
4
)
$
Ov
e
r
f
i
n
a
n
c
i
n
g
s
o
u
r
c
e
s
(
u
s
e
s
)
:
Is
s
u
a
n
c
e
o
f
L
o
n
g
-
T
e
r
m
D
e
b
t
-
-
1
6
,
1
1
5
,
0
0
0
1
6
,
1
2
5
,
0
0
0
1
7
,
4
3
0
,
0
0
0
2
8
,
0
0
0
,
0
0
0
9
4
,
0
3
5
,
0
0
0
2
7
,
0
0
0
,
0
0
0
4
4
,
2
0
0
,
0
0
0
3
2
,
2
3
5
,
0
0
0
Pa
y
m
e
n
t
t
o
R
e
f
u
n
d
B
o
n
d
E
s
c
r
o
w
A
g
e
n
t
-
-
-
-
-
-
(
7
2
,
3
1
4
,
2
8
2
)
-
-
(
3
3
,
8
5
2
,
6
4
0
)
Pr
o
c
e
e
d
s
f
r
o
m
C
a
p
i
t
a
l
L
e
a
s
e
s
-
-
-
-
-
-
1
0
,
2
3
4
,
0
0
0
-
-
-
Sa
l
e
o
f
C
a
p
i
t
a
l
A
s
s
e
t
s
1
2
4
,
0
2
3
-
-
-
-
-
-
-
-
-
Pr
e
m
i
u
m
o
n
S
a
l
e
o
f
B
o
n
d
s
-
-
1
,
4
6
6
,
9
5
2
1
,
4
8
6
,
5
5
1
2
,
7
6
3
,
0
0
2
1
,
3
9
7
,
7
9
5
6
,
1
7
5
,
1
0
2
1
,
0
3
6
,
7
4
4
1
,
3
4
1
,
3
2
1
1
,
8
2
3
,
5
8
8
T
r
a
n
s
f
e
r
s
i
n
2
,
6
0
9
,
7
7
4
2
,
3
3
9
,
9
1
8
1
,
7
5
6
,
0
5
8
1
,
7
8
5
,
7
9
6
1
,
3
3
5
,
1
5
4
1
,
6
7
8
,
0
1
9
1
,
3
3
9
,
6
1
4
7
9
2
,
6
9
7
2
,
0
7
8
,
8
4
6
5
4
9
,
6
2
2
T
r
a
n
s
f
e
r
s
o
u
t
(
2
,
6
0
9
,
7
7
4
)
(
2
,
3
3
9
,
9
1
8
)
(
1
,
7
5
6
,
0
5
8
)
(
1
,
7
8
5
,
7
9
6
)
(
1
,
3
3
5
,
1
5
4
)
(
1
,
6
7
8
,
0
1
9
)
(
1
,
3
3
9
,
6
1
4
)
(
7
9
2
,
6
9
7
)
(
2
,
0
7
8
,
8
4
6
)
(
5
4
9
,
6
2
2
)
To
t
a
l
o
t
h
e
r
f
i
n
a
n
c
i
n
g
s
o
u
r
c
e
s
(
u
s
e
s
)
12
4
,
0
2
3
-
1
7
,
5
8
1
,
9
5
2
1
7
,
6
1
1
,
5
5
1
2
0
,
1
9
3
,
0
0
2
2
9
,
3
9
7
,
7
9
5
3
8
,
1
2
9
,
8
2
0
2
8
,
0
3
6
,
7
4
4
4
5
,
5
4
1
,
3
2
1
2
0
5
,
9
4
8
Ch
a
n
g
e
s
i
n
f
u
n
d
b
a
l
a
n
c
e
s
40
,
9
2
0
,
2
0
7
$
1
5
,
2
8
9
,
8
5
9
$
3
1
,
3
6
1
,
0
2
2
$
1
5
,
5
9
8
,
5
6
3
$
8
,
0
8
0
,
2
1
5
$
(
4
,
4
9
0
,
5
9
2
)
$
1
3
,
4
3
4
,
0
7
5
$
(
3
,
1
2
4
,
9
1
9
)
$
(
4
,
2
2
5
,
3
6
7
)
$
(
1
7
,
0
8
6
,
2
2
6
)
$
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
.
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
AS
S
E
S
S
E
D
V
A
L
U
E
A
N
D
E
S
T
I
M
A
T
E
D
A
C
T
U
A
L
V
A
L
U
E
O
F
T
A
X
A
B
L
E
P
R
O
P
E
R
T
Y
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
71
En
d
e
d
J
u
n
e
3
0
Es
t
i
m
a
t
e
d
A
c
t
u
a
l
V
a
l
u
e
Re
a
l
/
P
e
r
s
o
n
a
l
P
r
o
p
e
r
t
y
Le
s
s
E
x
e
m
p
t
i
o
n
s
Ne
t
S
e
c
o
n
d
a
r
y
As
s
e
s
s
e
d
V
a
l
u
e
To
t
a
l
D
i
r
e
c
t
T
a
x
Ra
t
e
As
s
e
s
s
e
d
v
a
l
u
e
a
s
a
Pe
r
c
e
n
t
a
g
e
o
f
Ac
t
u
a
l
V
a
l
u
e
20
2
2
2
1
,
6
4
4
,
2
5
5
,
9
9
2
$
2
,
1
8
8
,
6
8
7
,
4
2
1
$
6
.
1
6
1
0
.
1
1
%
20
2
1
2
0
,
1
9
1
,
1
1
7
,
1
4
5
2
,
0
4
3
,
5
0
1
,
6
9
0
6
.
6
7
1
0
.
1
2
%
20
2
0
1
8
,
8
8
6
,
8
0
4
,
5
6
2
1
,
9
3
4
,
6
7
7
,
2
5
3
6
.
8
1
0
.
2
4
%
20
1
9
1
7
,
6
2
1
,
4
3
3
,
0
6
2
1
,
7
8
0
,
1
1
8
,
9
4
7
7
.
0
2
1
0
.
1
0
%
20
1
8
1
6
,
4
5
3
,
6
5
2
,
8
4
3
1
,
6
4
9
,
3
5
1
,
5
4
7
7
.
5
4
1
0
.
0
2
%
20
1
7
1
5
,
2
6
4
,
5
8
7
,
0
3
5
1
,
5
5
0
,
3
2
3
,
8
6
7
8
.
0
4
1
0
.
1
6
%
20
1
6
1
4
,
5
2
0
,
5
9
2
,
9
0
7
1
,
4
7
5
,
7
2
1
,
8
0
3
7
.
7
7
1
0
.
1
6
%
20
1
5
1
4
,
2
6
4
,
1
9
5
,
1
4
1
1
,
4
7
1
,
2
1
3
,
3
5
2
7
.
2
7
1
0
.
3
1
%
20
1
4
1
3
,
7
9
3
,
7
5
1
,
3
8
0
1
,
3
5
0
,
3
1
0
,
6
1
5
7
.
5
3
9
.
7
9
%
20
1
3
1
3
,
7
7
0
,
4
9
1
,
1
9
3
1
,
4
6
0
,
4
4
2
,
5
5
1
7
.
0
3
1
0
.
6
1
%
So
u
r
c
e
:
M
a
r
i
c
o
p
a
C
o
u
nt
y
T
r
e
a
s
u
r
e
r
a
n
d
S
t
a
t
e
a
n
d
C
o
u
n
t
y
A
b
s
t
r
a
c
t
o
f
t
h
e
A
s
s
e
s
s
m
e
n
t
R
o
l
l
,
A
r
i
z
o
n
a
De
p
a
r
t
m
e
n
t
o
f
R
e
v
e
n
u
e
.
No
t
e
:
O
n
N
o
v
e
m
b
e
r
6
,
2
0
1
2
,
v
o
t
e
r
s
a
p
p
r
o
v
e
d
P
r
o
p
o
s
i
t
i
o
n
1
1
7
,
a
n
a
m
e
n
d
m
e
n
t
t
o
t
h
e
A
r
i
z
o
n
a
C
o
n
s
t
i
t
u
t
i
o
n
.
Be
g
i
n
n
i
n
g
w
i
t
h
T
a
x
Y
e
a
r
2
0
1
5
(
F
i
s
c
a
l
Y
e
a
r
2
0
1
6
)
b
o
t
h
p
r
i
m
a
r
y
a
n
d
s
e
c
o
n
d
a
r
y
t
a
x
e
s
a
r
e
l
e
v
i
e
d
a
g
a
i
n
s
t
t
h
e
n
e
t
li
m
i
t
e
d
a
s
s
e
s
s
e
d
v
a
l
u
e
.
P
r
i
m
a
r
y
t
a
x
e
s
a
r
e
u
s
e
d
f
o
r
g
e
n
e
r
a
l
D
i
s
t
r
i
c
t
o
p
e
r
a
t
i
o
n
.
S
e
c
o
n
d
a
r
y
t
a
x
e
s
a
r
e
u
s
e
d
t
o
se
r
v
i
c
e
D
i
s
t
r
i
c
t
b
o
n
d
e
d
d
e
b
t
r
e
q
u
i
r
e
m
e
n
t
s
a
n
d
o
t
h
e
r
v
o
t
e
r
-
a
p
p
r
o
v
e
d
o
v
e
r
r
i
d
e
s
.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
CO
M
P
A
R
A
T
I
V
E
A
S
S
E
S
S
E
D
V
A
L
U
A
T
I
O
N
H
I
S
T
O
R
I
E
S
LA
S
T
S
I
X
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
72
Fi
s
c
a
l
Y
e
a
r
Pe
o
r
i
a
U
n
i
f
i
e
d
S
c
h
o
o
l
Di
s
t
r
i
c
t
N
o
.
1
1
Ci
t
y
o
f
G
l
e
n
d
a
l
e
C
i
t
y
o
f
P
e
o
r
i
a
C
i
t
y
o
f
S
u
r
p
r
i
s
e
Ma
r
i
c
o
p
a
Co
u
n
t
y
St
a
t
e
o
f
A
r
i
z
o
n
a
20
2
1
/
2
2
$
2
,
1
8
8
,
6
8
7
,
4
2
1
$
1
,
5
8
2
,
2
3
9
,
4
4
6
$
1
,
7
8
0
,
9
7
4
,
0
5
7
$
1
,
3
1
3
,
9
4
3
,
9
9
7
$
4
8
,
7
2
4
,
1
2
6
,
6
7
2
$
7
4
,
2
0
0
,
2
3
3
,
3
9
7
20
2
0
/
2
1
2
,
0
4
3
,
5
0
1
,
6
9
0
1
,
4
7
8
,
2
8
0
,
1
4
0
1
,
6
5
9
,
1
7
5
,
2
4
4
1
,
2
0
3
,
4
6
0
,
4
4
4
4
5
,
7
0
4
,
9
6
9
,
8
1
3
6
9
,
9
1
4
,
5
0
7
,
6
8
2
20
1
9
/
2
0
1
,
9
3
4
,
6
7
7
,
2
5
3
1
,
4
1
3
,
2
5
3
,
8
3
9
1
,
5
5
6
,
7
2
1
,
0
0
2
1
,
1
2
6
,
4
8
5
,
1
0
7
4
3
,
1
9
4
,
3
2
6
,
3
9
5
6
6
,
1
5
7
,
2
2
3
,
6
3
9
20
1
8
/
1
9
1
,
7
8
0
,
1
1
8
,
9
4
7
1
,
3
0
6
,
9
4
6
,
0
8
9
1
,
4
3
9
,
8
1
2
,
9
8
9
1
,
0
3
8
,
0
7
0
,
5
0
7
4
0
,
4
2
3
,
2
3
2
,
4
2
3
6
2
,
3
2
8
,
4
3
9
,
5
9
2
20
1
7
/
1
8
1
,
6
4
9
,
3
5
1
,
5
4
7
1
,
2
2
7
,
2
2
0
,
7
2
7
1
,
3
4
0
,
0
6
8
,
2
1
7
9
7
8
,
9
8
1
,
3
8
4
3
8
,
2
5
1
,
8
9
1
,
2
4
9
5
9
,
4
0
6
,
2
7
9
,
4
7
3
20
1
6
/
1
7
1
,
5
4
9
,
6
0
7
,
8
8
5
1
,
1
7
3
,
0
9
1
,
0
3
5
1
,
2
4
4
,
6
7
9
,
2
9
5
9
2
8
,
8
9
6
,
8
0
5
3
6
,
1
3
5
,
4
9
4
,
4
7
4
5
6
,
5
8
9
,
5
9
2
,
4
8
1
No
t
e
:
F
i
s
c
a
l
y
e
a
r
s
p
r
i
o
r
t
o
2
0
1
5
/
1
6
r
e
p
r
e
s
e
n
t
n
e
t
f
u
l
l
c
a
s
h
a
s
s
e
s
s
e
d
v
a
l
u
e
s
a
n
d
f
i
s
c
a
l
y
e
a
r
s
a
f
t
e
r
2
0
1
4
/
1
5
r
e
p
r
e
s
e
n
t
n
e
t
l
i
m
i
t
e
d
as
s
e
s
s
e
d
v
a
l
u
e
s
.
So
u
r
c
e
:
P
r
o
p
e
r
t
y
T
a
x
R
a
t
e
s
A
s
s
e
s
s
e
d
V
a
l
u
e
s
,
A
r
i
z
o
n
a
T
a
x
R
e
s
e
a
r
c
h
A
s
s
o
c
i
a
t
i
o
n
,
S
t
a
t
e
a
n
d
C
o
u
nt
y
A
b
s
t
r
a
c
t
o
f
t
h
e
A
s
s
e
s
s
m
e
n
t
R
o
l
l
,
Ar
i
z
o
n
a
D
e
p
a
r
t
m
e
n
t
o
f
R
e
v
e
n
u
e
a
n
d
A
s
s
e
s
s
o
r
o
f
t
h
e
C
o
u
n
t
y
.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
DIRECT AND OVERLAPPING ASSESSED VALUATIONS AND TAX RATES PER $100 ASSESSED
VALUATION
(UNAUDITED)
73
2021/22
2021/22 Total Tax
Net Limited Rate Per $100
Assessed Assessed
Overlapping Jurisdiction Valuation Valuation
State of Arizona $74,200,233,397 None
Maricopa County (a) 48,724,126,672 $1.772
Maricopa County Community College District 48,724,126,672 1.2257
Maricopa County Fire District Assistance Tax (b)48,724,126,672 0.0086
Maricopa County Special Health Care District (b)48,724,126,672 0.2970
Maricopa County Library District (b)48,724,126,672 0.0556
Maricopa County Flood Control District (b)44,882,715,452 0.1792
Central Arizona Water Conservation District (b)48,724,126,672 0.1400
Central Groundwater Replenishment (b)N/A 1.0000 per acre
McMicken Irrigation (b) 18,060.34 1.1366 per acre
Citrus Gardens Irrigation Water Delivery #33 (b)69.93 acres 700.56 per acre
Electrical #7 (b)1,105,637,893 0.0061
City of Glendale 1,582,239,446 1.7257
City of Peoria 1,780,974,057 1.4400
City of Surprise 1,313,943,997 1.1471
North County Fire and Medical District 558,253,070 2.8644
Sun City Fire and Medical District 373,631,747 3.4454
Mystic at Lake Pleasant Heights CFD 2,280,566 2.6500
Vistancia Community Facilities District 205,775,682 2.1000
24,192,481 2.1000
18,085,233,843 0.1579
Peoria Unified School District No. 11 2,188,687,421 6.1634
Source: Property Tax Rates and Assessed Values, Arizona Tax Research Association and
Treasurer of the County.
(b) The assessed valuation of the Flood Control District does not include the personal property
assessed valuation of the County. Does not include irrigation water districts, special districts on an
acreage basis, electric districts, assessment districts or street lighting improvement district levies. All
levies for fire districts, library districts, flood control districts, water conservation districts, irrigation
districts, electrical districts, improvement districts, power districts and joint technology districts are
levied on the net full cash assessed valuation.
Vistancia West Community Facilities District
Western Maricopa Education Center District No. 402
(a) Includes the “State Equalization Assistance Property Tax.” The State Equalization Assistance
Property Tax in fiscal year 2021/22 was set at $0.4263 and is adjusted annually pursuant to Section
41-1276, Arizona Revised Statutes.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
NE
T
S
E
C
O
N
D
A
R
Y
A
S
S
E
S
S
E
D
V
A
L
U
A
T
I
O
N
B
Y
P
R
O
P
E
R
T
Y
C
L
A
S
S
I
F
I
C
A
T
I
O
N
JU
N
E
3
0
,
2
0
2
2
(U
N
A
U
D
I
T
E
D
)
74
Pr
o
p
e
r
t
y
C
l
a
s
s
i
f
i
c
a
t
i
o
n
(
a
)
Ne
t
S
e
c
o
n
d
a
r
y
As
s
e
s
s
e
d
Va
l
u
a
t
i
o
n
As
a
P
e
r
c
e
n
t
o
f
Di
s
t
r
i
c
t
'
s
T
o
t
a
l
N
e
t
Se
c
o
n
d
a
r
y
A
s
s
e
s
s
e
d
Va
l
u
a
t
i
o
n
*C
o
m
m
e
r
c
i
a
l
,
I
n
d
u
s
t
r
i
a
l
,
U
t
i
l
i
t
i
e
s
,
T
e
l
e
c
o
m
m
u
n
i
c
a
t
i
o
n
s
,
a
n
d
M
i
n
i
n
g
5
3
5
,
7
6
0
,
2
1
9
$
2
4
.
4
8
%
Ag
r
i
c
u
l
t
u
r
a
l
a
n
d
V
a
c
a
n
t
5
3
,
4
5
2
,
0
7
5
2
.
4
4
%
Re
s
i
d
e
n
t
i
a
l
(
O
w
n
e
r
O
c
c
u
p
i
e
d
)
1
,
1
8
4
,
0
2
2
,
3
0
8
5
4
.
1
0
%
Re
s
i
d
e
n
t
i
a
l
(
R
e
n
t
a
l
)
4
1
0
,
3
8
9
,
2
0
7
1
8
.
7
5
%
Ra
i
l
r
o
a
d
,
P
r
i
v
a
t
e
C
a
r
s
a
n
d
A
i
r
l
i
n
e
s
1
,
06
5
,
0
6
7
0
.
0
5
%
Hi
s
t
o
r
i
c
P
r
o
p
e
r
t
y
3
,
9
4
2
,
4
2
5
0
.
1
8
%
Ce
r
t
a
i
n
G
o
v
e
r
n
m
e
n
t
P
r
o
p
e
r
t
y
I
m
p
r
o
v
e
m
e
n
t
s
5
6
,
1
2
0
0
.
0
0
%
T
o
t
a
l
2
,
1
8
8
,
6
8
7
,
4
2
1
$
1
0
0
.
0
0
%
*F
e
d
e
r
a
l
,
S
t
a
t
e
,
C
o
u
n
t
y
,
o
r
M
u
n
i
c
i
p
a
l
P
r
o
p
e
r
t
y
S
o
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
r
e
c
o
r
d
s
a
n
d
t
h
e
S
t
a
t
e
a
n
d
C
o
u
n
t
y
A
b
s
t
r
a
c
t
o
f
t
h
e
A
s
s
e
s
s
m
e
n
t
R
o
l
l
f
r
o
m
t
h
e
A
r
i
z
o
n
a
De
p
a
r
t
m
e
n
t
o
f
R
e
v
e
n
u
e
.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
PR
O
P
E
R
T
Y
T
A
X
C
L
A
S
S
I
F
I
C
A
T
I
O
N
H
I
S
T
O
R
I
C
A
L
I
N
F
O
R
M
A
T
I
O
N
A
N
D
P
R
O
P
E
R
T
Y
T
A
X
A
S
S
E
S
S
M
E
N
T
R
A
T
I
O
S
JU
N
E
3
0
,
2
0
2
2
(U
N
A
U
D
I
T
E
D
)
75
P
r
o
p
e
r
t
y
C
l
a
s
s
i
f
i
c
a
t
i
o
n
(
a
)
2
0
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
Mi
n
i
n
g
,
U
t
i
l
i
t
i
e
s
,
C
o
m
m
e
r
c
i
a
l
a
n
d
I
n
d
u
s
t
r
i
a
l
0
.
1
7
5
0
.
1
8
0
.
1
8
0
.
1
8
0
.
1
8
0
.
1
8
0
.
1
8
0
.
1
8
5
Agriculture
a
n
d
V
a
c
a
n
t
L
a
n
d
(
b
)
0
.
1
5
0
.
1
5
0
.
1
5
1
5
1
5
1
5
1
5
1
6
Ow
n
e
r
O
c
c
u
p
i
e
d
R
e
s
i
d
e
n
t
i
a
l
0
.
1
0
.
1
0
.
1
1
0
1
0
1
0
1
0
1
0
Le
a
s
e
d
o
r
R
e
n
t
e
d
R
e
s
i
d
e
n
t
i
a
l
0
.
1
0
.
1
0
.
1
1
0
1
0
1
0
1
0
1
0
Railroad, P
r
i
v
a
t
e
C
a
r
C
o
m
p
a
n
y
a
n
d
A
i
r
l
i
n
e
0
.
1
5
0
.
1
5
0
.
1
5
1
5
1
4
1
5
1
4
1
5
F
l
i
g
h
t
P
r
o
p
e
r
t
y
(
b
)
S
o
u
r
c
e
:
T
h
e
S
t
a
t
e
a
n
d
C
o
u
n
t
y
A
b
s
t
r
a
c
t
o
f
t
h
e
A
s
s
e
s
s
m
e
n
t
R
o
l
l
f
r
o
m
t
h
e
A
r
i
z
o
n
a
D
e
p
a
r
t
m
e
n
t
o
f
R
e
v
e
n
u
e
.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
OU
T
S
T
A
N
D
I
N
G
D
E
B
T
,
P
R
I
M
A
R
Y
/
S
E
C
O
N
D
A
R
Y
A
S
S
E
S
S
E
D
V
A
L
U
A
T
I
O
N
A
N
D
E
S
T
I
M
A
T
E
D
F
U
L
L
C
A
S
H
V
A
L
U
E
JU
N
E
3
0
,
2
0
2
2
(U
N
A
U
D
I
T
E
D
)
76
16
7
,
0
0
5
,
0
0
0
$
2,
1
8
8
,
6
8
7
,
4
2
1
$
3,
0
9
2
,
3
4
3
,
6
2
5
$
26
,
4
7
6
,
8
0
6
,
2
8
2
$
(a
)
SRe
p
r
e
s
e
n
t
s
$
1
8
5
,
1
2
5
,
0
0
0
p
r
i
n
c
i
p
a
l
a
m
o
u
n
t
o
u
t
s
t
a
n
d
i
n
g
0
6
/
3
0
/
2
2
,
r
e
f
l
e
c
t
i
n
g
$
2
2
,
6
4
5
,
0
0
0
p
r
i
n
c
i
p
a
l
a
m
o
u
n
t
r
e
p
a
i
d
7
/
1
/
2
2
f
o
r
w
h
i
c
h
t
h
e
r
e
w
e
r
e
s
u
f
f
i
c
i
e
n
t
f
u
n
d
s
o
n
h
a
n
d
a
s
o
f
6
/
3
0
/
2
2
.
18
5
,
1
2
5
,
0
0
0
$
(1
8
,
1
2
0
,
0
0
0
)
16
7
,
0
0
5
,
0
0
0
$
S
o
u
r
c
e
:
S
t
a
t
e
a
n
d
C
o
u
n
t
y
A
b
s
t
r
a
c
t
o
f
t
h
e
A
s
s
e
s
s
m
e
n
t
R
o
l
l
,
A
r
i
z
o
n
a
D
e
p
a
r
t
m
e
n
t
o
f
R
e
v
e
n
u
e
,
P
r
o
p
e
r
t
y
T
a
x
R
a
t
e
s
a
n
d
As
s
e
s
s
e
d
V
a
l
u
e
s
,
A
r
i
z
o
n
a
T
a
x
R
e
s
e
a
r
c
h
A
s
s
o
c
i
a
t
i
o
n
a
n
d
A
s
s
e
s
s
o
r
o
f
t
h
e
C
o
u
n
t
y
.
T
o
t
a
l
G
e
n
e
r
a
l
O
b
l
i
g
a
t
i
o
n
B
o
n
d
s
O
u
t
s
t
a
n
d
i
n
g
a
n
d
t
o
b
e
O
u
t
s
t
a
n
d
i
n
g
(
a
)
Ne
t
L
i
m
i
t
e
d
A
s
s
e
s
s
e
d
V
a
l
u
a
t
i
o
n
N
e
t
F
u
l
l
C
a
s
h
A
s
s
e
s
s
e
d
V
a
l
u
a
t
i
o
n
Es
t
i
m
a
t
e
d
N
e
t
F
u
l
l
C
a
s
h
V
a
l
u
e
Re
c
e
n
t
c
h
a
n
g
e
s
i
n
A
r
i
z
o
n
a
l
a
w
r
e
l
a
t
i
n
g
t
o
t
h
e
l
e
v
y
o
f
p
r
o
p
e
r
t
y
t
a
x
e
s
h
a
s
r
e
s
u
l
t
e
d
i
n
t
h
e
o
b
s
o
l
e
s
c
e
n
c
e
o
f
t
h
e
te
r
m
i
n
o
l
o
g
y
“
p
r
i
m
a
r
y
a
s
s
e
s
s
e
d
v
a
l
u
a
t
i
o
n
”
a
n
d
“
s
e
c
o
n
d
a
r
y
a
s
s
e
s
s
e
d
v
a
l
u
a
t
i
o
n
.
”
C
o
m
m
e
n
c
i
n
g
w
i
t
h
f
i
s
c
a
l
y
e
a
r
2
0
1
5
/
1
6
th
e
v
a
l
u
e
f
o
r
m
e
r
l
y
t
i
t
l
e
d
P
r
i
m
a
r
y
A
s
s
e
s
s
e
d
V
a
l
u
a
t
i
o
n
i
s
r
e
f
e
rr
e
d
t
o
a
s
N
e
t
L
i
m
i
t
e
d
A
s
s
e
s
s
e
d
V
a
l
u
a
t
i
o
n
a
n
d
i
s
t
h
e
v
a
l
u
e
us
e
d
f
o
r
t
h
e
p
ur
pos
e
s
o
f
l
e
v
yin
g b
o
t
h
p
ri
m
a
r
y a
n
d
s
e
c
o
n
d
a
r
y t
a
x
e
s
.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
DI
R
E
C
T
A
N
D
O
V
E
R
L
A
P
P
I
N
G
P
R
O
P
E
R
T
Y
T
A
X
R
A
T
E
S
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
77
Ce
n
t
r
a
l
A
Z
Fl
o
o
d
W
a
t
e
r
Fi
s
c
a
l
Y
e
a
r
S
t
a
t
e
C
o
n
t
r
o
l
C
o
n
s
e
r
v
a
t
i
o
n
C
i
t
y
o
f
C
i
t
y
o
f
En
d
e
d
J
u
n
e
3
0
P
r
i
m
a
r
y
S
e
c
o
n
d
a
r
y
T
o
t
a
l
E
q
u
a
l
i
z
a
t
i
o
n
C
o
u
n
t
y
D
i
s
t
r
i
c
t
D
i
s
t
r
i
c
t
P
e
o
r
i
a
G
l
e
n
d
a
l
e
20
2
2
3
.
7
2
2
.
4
4
6
.
1
6
0
.
4
3
1
.
3
5
0
.
1
8
0
.
1
4
1
.
4
4
1
.
7
3
20
2
1
3
.
7
5
2
.
9
2
6
.
6
7
0
.
4
4
1
.
4
0
0
.
1
8
0
.
1
4
1
.
4
4
1
.
8
0
20
2
0
3
.
8
6
2
.
9
4
6
.
8
0
0
.
4
6
1
.
4
0
0
.
1
8
0
.
1
4
1
.
4
4
1
.
8
6
20
1
9
4
.
0
0
3
.
0
2
7
.
0
2
0
.
4
7
1
.
4
0
0
.
1
8
0
.
1
4
1
.
4
4
1
.
9
8
20
1
8
4
.
5
1
3
.
0
3
7
.
5
4
0
.
4
9
1
.
4
0
0
.
1
8
0
.
1
4
1
.
4
4
2
.
0
8
20
1
7
4
.
7
8
3
.
2
6
8
.
0
4
0
.
5
0
1
.
4
0
0
.
1
8
0
.
1
4
1
.
4
4
2
.
1
5
20
1
6
4
.
9
3
2
.
8
4
7
.
7
7
0
.
5
1
1
.
3
6
0
.
1
6
0
.
1
4
1
.
4
4
2
.
2
0
20
1
5
4
.
4
3
2
.
8
4
7
.
2
7
0
.
5
1
1
.
3
2
0
.
1
4
0
.
1
4
1
.
4
4
2
.
1
5
20
1
4
4
.
1
8
3
.
3
5
7
.
5
3
0
.
5
1
1
.
2
8
0
.
1
4
0
.
1
4
1
.
4
4
2
.
2
9
20
1
3
4
.
0
1
3
.
0
2
7
.
0
3
0
.
4
7
1
.
2
8
0
.
1
4
0
.
1
4
1
.
4
4
1
.
9
1
So
u
r
c
e
:
T
h
e
s
o
u
r
c
e
o
f
t
h
i
s
i
n
f
o
r
m
a
t
i
o
n
i
s
t
h
e
P
r
o
p
e
r
t
y
T
a
x
R
a
t
e
s
a
n
d
A
s
s
e
s
s
e
d
V
a
l
u
e
s
,
A
r
i
z
o
n
a
T
a
x
R
e
s
e
a
r
c
h
F
o
u
n
d
a
t
i
o
n
.
No
t
e
1
:
E
x
c
l
u
d
e
s
t
h
e
F
Y
2
2
t
a
x
r
a
t
e
s
o
f
t
h
e
f
o
l
l
o
w
i
n
g
:
Ma
r
i
c
o
p
a
C
o
u
n
t
y
F
i
r
e
D
i
s
t
r
i
c
t
A
s
s
i
s
t
a
n
c
e
T
a
x
0
.
0
0
8
6
Ma
r
i
c
o
p
a
C
o
u
n
t
y
S
p
e
c
i
a
l
H
e
a
l
t
h
C
a
r
e
D
i
s
t
r
i
c
t
0
.
2
9
7
Ma
r
i
c
o
p
a
C
o
u
n
t
y
L
i
b
r
a
r
y
D
i
s
t
r
i
c
t
0
.
0
5
5
6
Ma
r
i
c
o
p
a
C
o
u
n
t
y
C
o
m
m
u
n
i
t
y
C
o
l
l
e
g
e
D
i
s
t
r
i
c
t
1
.
2
2
5
7
N
o
t
e
2
:
E
x
c
l
u
d
e
s
t
h
e
f
o
l
l
o
w
i
n
g
t
a
x
r
a
t
e
s
o
f
m
u
n
i
c
i
p
a
l
e
n
t
i
t
i
e
s
w
h
i
c
h
o
v
e
r
l
a
p
a
p
o
r
t
i
o
n
o
f
t
h
e
d
i
s
t
r
i
c
t
.
We
s
t
e
r
n
M
a
r
i
c
o
p
a
E
d
u
c
a
t
i
o
n
C
e
n
t
e
r
0
.
15
7
9
El
e
c
t
r
i
c
a
l
D
i
s
t
r
i
c
t
N
o
.
7
0
.
0
0
6
1
Ci
t
y
o
f
S
u
r
p
r
i
s
e
1
.
1
4
7
1
To
w
n
o
f
Y
o
u
n
g
t
o
w
n
0
.
0
0
0
0
No
r
t
h
C
o
u
n
t
y
F
i
r
e
a
n
d
M
e
d
i
c
a
l
D
i
s
t
r
i
c
t
2
.
8
6
4
4
Su
n
C
i
t
y
F
i
r
e
D
i
s
t
r
i
c
t
3
.
4
4
5
4
My
s
t
i
c
a
t
L
a
k
e
P
l
e
a
s
a
n
t
H
e
i
g
h
t
s
C
F
D
2
.
6
5
0
0
Vi
s
t
a
n
c
i
a
C
F
D
o
f
C
i
t
y
o
f
P
e
o
r
i
a
,
A
Z
2
.
1
0
0
0
Vi
s
t
a
n
c
i
a
W
e
s
t
C
F
D
o
f
C
i
t
y
o
f
P
e
o
r
i
a
,
A
Z
2
.
1
0
0
0
Vi
s
t
a
n
c
i
a
N
o
r
t
h
C
F
D
o
f
C
i
t
y
o
f
P
e
o
r
i
a
,
A
Z
0
.
5
5
0
0
Di
s
t
r
i
c
t
D
i
r
e
c
t
R
a
t
e
s
O
v
e
r
l
a
p
p
i
n
g
R
a
t
e
s
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
TO
T
A
L
T
A
X
R
A
T
E
S
P
E
R
$
1
0
0
A
S
S
E
S
S
E
D
V
A
L
U
A
T
I
O
N
JU
N
E
3
0
,
2
0
2
2
(U
N
A
U
D
I
T
E
D
)
78
So
u
r
c
e
:
P
r
o
p
e
r
t
y
T
a
x
R
a
t
e
s
a
n
d
A
s
s
e
s
s
e
d
V
a
l
u
e
s
,
A
r
i
z
o
n
a
T
a
x
R
e
s
e
a
r
c
h
A
s
s
o
c
i
a
t
i
o
n
a
n
d
F
i
n
a
n
c
e
D
e
p
a
r
t
m
e
n
t
o
f
t
h
e
C
o
u
n
t
y
.
Th
e
t
o
t
a
l
o
v
e
r
l
a
p
p
i
n
g
p
r
o
p
e
r
t
y
t
a
x
r
a
t
e
f
o
r
p
r
o
p
e
r
t
y
o
w
n
e
r
s
w
i
t
h
i
n
t
h
e
D
i
s
t
r
i
c
t
r
a
n
g
e
s
f
r
o
m
$
1
0
.
0
0
0
0
t
o
$
1
3
.
5
3
9
6
pe
r
$
1
0
0
o
f
a
s
s
e
s
s
e
d
v
a
l
u
a
t
i
o
n
,
d
ep
e
n
d
i
n
g
u
p
o
n
t
h
e
s
p
e
c
i
f
i
c
t
a
x
i
n
g
j
u
r
i
s
d
i
c
t
i
o
n
s
w
h
i
c
h
o
v
e
r
l
a
p
t
h
e
p
r
o
p
e
r
t
y
.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
PR
I
N
C
I
P
A
L
P
R
O
P
E
R
T
Y
T
A
X
P
A
Y
E
R
S
FI
S
C
A
L
Y
E
A
R
E
N
D
E
D
J
U
N
E
3
0
,
2
0
2
2
,
A
N
D
2
0
1
3
(U
N
A
U
D
I
T
E
D
)
79
Ta
x
p
a
y
e
r
Ta
x
a
b
l
e
As
s
e
s
s
e
d
Va
l
u
e
R
a
n
k
Pe
r
c
e
n
t
a
g
e
o
f
Ta
x
a
b
l
e
As
s
e
s
s
e
d
Va
l
u
e
Ta
x
a
b
l
e
As
s
e
s
s
e
d
Va
l
u
e
R
a
n
k
Pe
r
c
e
n
t
a
g
e
o
f
Ta
x
a
b
l
e
As
s
e
s
s
e
d
Va
l
u
e
Ar
i
z
o
n
a
P
u
b
l
i
c
S
e
r
v
i
c
e
C
o
m
p
a
n
y
$
4
2
,
7
7
2
,
6
4
3
1
1
.
9
5
%
$
3
5
,
3
7
2
,
0
9
2
1
2
.
4
2
%
Wa
l
M
a
r
t
S
t
o
r
e
s
I
N
C
1
0
,
4
4
4
,
1
2
7
2
0
.
4
8
%
9
,
9
8
1
,
3
0
3
2
0
.
6
8
Ve
s
t
a
r
A
r
i
z
o
n
a
L
P
T
C
L
L
C
9
,
3
5
5
,
4
3
1
3
0
.
4
3
%
9
,
2
1
5
,
7
2
2
3
0
.
6
3
So
u
t
h
w
e
s
t
G
a
s
C
o
r
p
o
r
a
t
i
o
n
(
T
&
D
)
8
,
7
3
9
,
4
8
2
4
0
.
4
0
%
5
,
2
9
6
,
2
6
9
7
0
.
3
6
Pa
r
k
W
e
s
t
R
e
t
a
i
l
I
L
L
C
6
,
5
9
8
,
4
2
8
5
0
.
3
0
%
6
,
6
8
1
,
4
3
5
6
0
.
4
6
Mi
l
l
e
r
F
a
m
i
l
y
R
e
a
l
E
s
t
a
t
e
L
L
C
5
,
3
5
3
,
6
7
2
6
0
.
2
4
%
DD
R
A
A
r
r
o
w
h
e
a
d
C
r
o
s
s
i
n
g
L
L
C
5
,
0
9
8
,
8
4
9
7
0
.
2
3
%
4
,
9
3
9
,
5
3
7
8
0
.
3
4
Ar
i
z
o
n
a
C
h
r
i
s
t
i
a
n
U
n
i
v
e
r
s
i
t
y
4
,
6
7
0
,
6
3
7
8
0
.
2
1
%
BC
C
D
e
v
e
l
o
p
m
e
n
t
I
N
C
4
,
2
7
7
,
2
5
9
9
0
.
2
0
%
Fr
e
e
d
o
m
P
l
a
z
a
L
i
m
i
t
e
d
P
a
r
t
n
e
r
s
h
i
p
L
e
a
s
e
4
,
2
4
3
,
2
0
3
1
0
0
.
1
9
%
Ca
l
i
f
o
r
n
i
a
S
t
a
t
e
A
u
t
o
m
o
b
i
l
e
A
s
s
o
c
I
n
t
e
r
-
I
n
s
7
,
1
1
7
,
8
4
7
4
0
.
4
9
Qw
e
s
t
C
o
r
p
o
r
a
t
i
o
n
6
,
9
7
2
,
8
0
4
5
0
.
4
8
Ta
r
g
e
t
C
o
r
p
o
r
a
t
i
o
n
4
,
7
4
0
,
1
4
3
9
0
.
3
2
Pl
a
z
a
I
I
I
L
i
m
i
t
e
d
P
a
r
t
n
e
r
s
h
i
p
4
,
3
8
5
,
2
9
9
1
0
0
.
3
0
To
t
a
l
s
$
1
0
1
,
5
5
3
,
7
3
1
4.
6
4
%
$
9
4
,
7
0
2
,
4
5
1
6.
4
8
%
20
2
2
2
0
1
3
So
u
r
c
e
:
T
h
e
M
a
r
i
c
o
p
a
C
o
u
n
t
y
A
s
s
e
s
s
o
r
'
s
O
f
f
i
c
e
.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
PR
O
P
E
R
T
Y
T
A
X
L
E
V
I
E
S
A
N
D
C
O
L
L
E
C
T
I
O
N
S
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
80
Pe
r
c
e
n
t
a
g
e
o
f
C
o
l
l
e
c
t
i
o
n
s
O
u
t
s
t
a
n
d
i
n
g
Ta
x
e
s
L
e
v
i
e
d
C
u
r
r
e
n
t
a
s
a
C
o
l
l
e
c
t
i
o
n
s
a
s
a
fo
r
t
h
e
C
u
r
r
e
n
t
T
a
x
T
a
x
e
s
D
e
l
i
n
g
q
u
e
n
t
T
a
x
T
o
t
a
l
P
e
r
c
e
n
t
a
g
e
O
u
t
s
t
a
n
d
i
n
g
P
e
r
c
e
n
t
a
g
e
Fi
s
c
a
l
Y
e
a
r
(
1
)
C
o
l
l
e
c
t
i
o
n
s
(
1
)
C
o
l
l
e
c
t
e
d
C
o
l
l
e
c
t
i
o
n
s
(
1
)
C
o
l
l
e
c
t
i
o
n
s
o
f
t
h
e
L
e
v
y
T
a
x
C
o
l
l
e
c
t
i
o
n
s
o
f
t
h
e
L
e
v
y
20
2
2
1
3
4
,
3
8
4
,
0
0
9
$
1
2
8
,
1
7
4
,
9
6
1
$
9
5
.
3
8
%
-
1
2
8
,
1
7
4
,
9
6
1
9
5
.
3
8
%
6
,
2
0
9
,
0
4
8
4
.
6
2
%
20
2
1
1
3
6
,
0
4
0
,
2
5
3
1
2
9
,
6
4
8
,
9
0
6
9
5
.
3
0
%
6
,
3
6
2
,
1
0
5
1
3
6
,
0
1
1
,
0
1
1
9
9
.
9
8
%
2
9
,
2
4
2
0
.
0
2
%
20
2
0
1
2
9
,
0
4
8
,
7
2
8
1
2
2
,
7
7
9
,
0
4
6
9
5
.
1
4
%
6
,
2
1
3
,
6
0
1
1
2
8
,
9
9
2
,
6
4
7
9
9
.
9
6
%
5
6
,
0
8
1
0
.
0
4
%
20
1
9
1
2
5
,
2
7
3
,
1
4
7
1
2
4
,
0
2
1
,
5
8
9
9
9
.
0
0
%
1
,
2
2
5
,
6
2
1
1
2
5
,
2
4
7
,
2
1
0
9
9
.
9
8
%
2
5
,
9
3
7
0
.
0
2
%
20
1
8
1
2
4
,
2
1
1
,
6
3
0
1
1
8
,
0
5
1
,
2
0
6
9
5
.
0
4
%
6
,
0
8
9
,
4
5
1
1
2
4
,
1
4
0
,
6
5
7
9
9
.
9
4
%
7
0
,
9
7
3
0
.
0
6
%
20
1
7
1
2
4
,
3
6
2
,
8
2
5
1
1
7
,
3
4
0
,
7
6
3
9
4
.
3
5
%
6
,
9
9
9
,
1
8
6
1
2
4
,
3
3
9
,
9
4
9
9
9
.
9
8
%
2
2
,
8
7
6
0
.
0
2
%
20
1
6
1
1
4
,
3
0
8
,
3
2
2
1
1
2
,
6
9
4
,
2
8
9
9
8
.
5
9
%
1
,
5
9
9
,
7
3
1
1
1
4
,
2
9
4
,
0
2
0
9
9
.
9
9
%
1
4
,
3
0
2
0
.
0
1
%
20
1
5
1
0
2
,
5
0
6
,
9
9
9
9
8
,
6
6
0
,
0
4
0
9
6
.
2
5
%
3
,
8
3
2
,
4
5
4
1
0
2
,
4
9
2
,
4
9
4
9
9
.
9
9
%
1
4
,
5
0
5
0
.
0
1
%
20
1
4
1
0
0
,
9
0
0
,
5
3
9
9
5
,
5
9
2
,
5
3
9
9
4
.
7
4
%
5
,
3
0
8
,
0
0
0
1
0
0
,
9
0
0
,
5
3
9
1
0
0
.
0
0
%
-
0
.
0
0
%
20
1
3
1
0
1
,
0
2
3
,
7
1
9
1
0
0
,
3
5
9
,
8
6
4
9
9
.
3
4
%
6
6
3
,
8
5
5
1
0
1
,
0
2
3
,
7
1
9
1
0
0
.
0
0
%
-
0
.
0
0
%
So
u
r
c
e
:
M
a
r
i
c
o
p
a
C
o
u
n
t
y
T
r
e
a
s
u
r
e
r
'
s
r
e
c
o
r
d
s
a
n
d
D
i
s
t
r
i
c
t
r
e
c
o
r
d
s
.
No
t
e
1
:
U
n
s
e
c
u
r
e
d
p
e
r
s
o
n
a
l
p
r
o
p
e
r
t
y
t
a
x
e
s
a
r
e
n
o
t
i
n
c
l
u
d
e
d
i
n
t
h
i
s
s
c
h
e
d
u
l
e
.
(1
)
T
h
e
a
m
o
un
t
l
e
v
i
e
d
a
n
d
c
o
l
l
e
c
t
e
d
i
s
n
e
t
o
f
r
e
s
o
l
u
t
i
o
n
s
.
*
A
s
o
f
J
u
n
e
3
0
,
2
0
2
2
.
Cu
r
r
e
n
t
C
o
l
l
e
c
t
i
o
n
s
Fi
s
c
a
l
Y
e
a
r
En
d
e
d
J
u
n
e
3
0
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
RA
T
I
O
O
F
O
U
T
S
T
A
N
D
I
N
G
D
E
B
T
B
Y
T
Y
P
E
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
81
Pe
r
c
e
n
t
a
g
e
o
f
Fi
s
c
a
l
Y
e
a
r
G
e
n
e
r
a
l
O
b
l
i
g
a
t
i
o
n
F
i
n
a
nc
e
d
T
o
t
a
l
P
r
i
m
a
r
y
D
e
b
t
P
e
r
s
o
n
a
l
En
d
e
d
J
u
n
e
3
0
B
o
n
d
s
P
u
r
c
h
a
s
e
s
G
o
ve
r
n
m
e
n
t
P
e
r
C
a
p
i
t
a
I
n
c
o
m
e
P
o
p
u
l
a
t
i
o
n
20
2
2
1
7
6
,
7
6
7
,
4
0
1
$
5
,
3
9
1
,
8
9
1
$
1
8
2
,
1
5
9
,
2
9
2
$
7
0
0
N
/
A
2
6
0
,
0
6
0
20
2
1
1
9
6
,
2
1
6
,
6
8
6
6
,
4
5
1
,
7
2
4
2
0
2
,
6
6
8
,
4
1
0
7
8
3
N
/
A
2
5
8
,
9
3
3
20
2
0
2
2
0
,
1
9
0
,
9
7
1
7
,
4
4
0
,
0
5
4
2
2
7
,
6
3
1
,
0
2
5
9
3
7
N
/
A
2
4
2
,
8
7
7
20
1
9
2
2
4
,
8
2
8
,
3
0
4
8
,
3
6
2
,
5
4
9
2
3
3
,
1
9
0
,
8
5
3
9
7
6
0
.
1
0
2
3
8
,
8
5
7
20
1
8
2
2
7
,
6
7
1
,
9
2
3
9
,
2
2
2
,
7
4
4
2
3
6
,
8
9
4
,
6
6
7
1
,
0
1
3
0
.
1
1
2
3
3
,
7
8
5
20
1
7
2
2
8
,
6
4
9
,
1
2
6
1
0
,
0
2
2
,
0
9
7
2
3
8
,
6
7
1
,
2
2
3
1
,
0
3
9
0
.
1
2
2
2
9
,
7
3
3
20
1
6
2
1
9
,
5
0
3
,
7
3
6
1
0
,
2
6
0
,
2
5
0
2
2
9
,
7
6
3
,
9
8
6
9
7
9
0
.
1
2
2
3
4
,
7
1
3
20
1
5
2
0
8
,
9
5
5
,
2
6
0
-
2
0
8
,
9
5
5
,
2
6
0
9
0
9
0
.
1
2
2
2
9
,
8
4
2
20
1
4
2
0
1
,
9
8
1
,
7
7
7
-
2
0
1
,
9
8
1
,
7
7
7
9
0
2
0
.
1
2
2
2
4
,
0
3
8
20
1
3
1
7
6
,
2
2
1
,
8
8
0
-
1
7
6
,
2
2
1
,
8
8
0
8
0
6
0
.
1
7
2
1
8
,
7
0
3
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
f
o
r
l
o
n
g
-
t
e
r
m
d
e
b
t
a
n
d
t
h
e
U
.
S
.
C
e
n
s
u
s
B
u
r
e
a
u
.
N/
A
:
N
o
t
a
v
a
i
l
a
b
l
e
.
Go
v
e
r
n
m
e
n
t
a
l
A
c
t
i
v
i
t
i
e
s
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
RA
T
I
O
O
F
G
E
N
E
R
A
L
B
O
N
D
E
D
D
E
B
T
O
U
T
S
T
A
N
D
I
N
G
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
82
Fi
s
c
a
l
Y
e
a
r
G
e
n
e
r
a
l
O
b
l
i
g
a
t
i
o
n
Le
s
s
:
A
m
o
u
n
t
s
Re
s
t
r
i
c
t
e
d
f
o
r
T
o
t
a
l
P
r
i
m
a
r
y
D
e
b
t
P
e
r
En
d
e
d
J
u
n
e
3
0
B
o
n
d
s
*
P
r
i
n
c
i
p
a
l
(
1
)
G
o
v
e
r
n
m
e
n
t
P
o
p
u
l
a
t
i
o
n
C
a
p
i
t
a
20
2
2
1
7
6
,
7
6
7
,
4
0
1
$
(
9
7
2
,
7
0
8
)
$
1
7
5
,
7
9
4
,
6
9
3
$
0
.
8
1
%
2
6
0
,
0
6
0
6
7
6
20
2
1
1
9
6
,
2
1
6
,
6
8
6
(
1
,
0
9
4
,
4
3
8
)
1
9
5
,
1
2
2
,
2
4
8
0
.
9
7
%
2
5
8
,
9
3
3
7
5
4
20
2
0
2
2
0
,
1
9
0
,
9
7
1
(
1
,
2
4
3
,
9
5
3
)
2
1
8
,
9
4
7
,
0
1
8
1
.
1
6
%
2
4
2
,
8
7
7
9
0
1
20
1
9
2
2
4
,
8
2
8
,
3
0
4
(
1
,
5
0
7
,
6
6
3
)
2
2
3
,
3
2
0
,
6
4
1
1
.
2
7
%
2
3
8
,
8
5
7
9
3
5
20
1
8
2
2
7
,
6
7
1
,
9
2
3
(
1
,
1
2
7
,
1
9
9
)
2
2
6
,
5
4
4
,
7
2
4
1
.
3
8
%
2
2
9
,
7
3
3
9
8
6
20
1
7
2
2
8
,
6
4
9
,
1
2
6
(
3
,
0
3
9
,
3
8
8
)
2
2
5
,
6
0
9
,
7
3
8
1
.
4
8
%
2
3
4
,
7
1
3
9
6
1
20
1
6
2
1
9
,
5
0
3
,
7
3
6
(
2
,
3
6
2
,
7
3
1
)
2
1
7
,
1
4
1
,
0
0
5
1
.
5
0
%
2
2
9
,
8
4
2
9
4
5
20
1
5
2
0
8
,
9
5
5
,
2
6
0
(
3
,
9
4
4
,
4
2
4
)
2
0
5
,
0
1
0
,
8
3
6
1
.
4
4
%
2
2
4
,
0
3
8
9
1
5
20
1
4
2
0
1
,
9
8
1
,
7
7
7
(
6
,
6
9
6
,
8
1
7
)
1
9
5
,
2
8
4
,
9
6
0
1
.
4
2
%
2
1
8
,
7
0
3
8
9
3
20
1
3
1
7
6
,
2
2
1
,
8
8
0
(
3
,
5
9
4
,
8
8
5
)
1
7
2
,
6
2
6
,
9
9
5
1
.
2
5
%
2
0
2
,
2
3
8
8
5
4
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
a
n
d
t
h
e
U
.
S
.
C
e
n
s
u
s
B
u
r
e
a
u
.
(1
)
A
m
o
u
n
t
i
s
o
b
a
t
i
n
e
d
f
r
o
m
t
h
e
f
i
s
c
a
l
y
e
a
r
e
n
d
e
d
D
e
b
t
S
e
r
v
i
c
e
F
u
n
d
b
a
l
a
n
c
e
*F
i
s
c
a
l
y
e
a
r
2
0
1
4
a
n
d
s
u
b
s
e
q
u
e
n
t
y
e
a
r
s
i
n
c
l
u
d
e
t
h
e
u
n
a
m
o
r
t
i
z
e
d
p
r
e
m
i
u
m
w
i
t
h
t
h
e
G
e
n
e
r
a
l
O
b
l
i
g
a
t
i
o
n
B
o
n
d
s
a
m
o
u
n
t
Go
v
e
r
n
m
e
n
t
a
l
A
c
t
i
v
i
t
i
e
s
Ra
t
i
o
o
f
N
e
t
B
o
n
d
e
d
De
b
t
t
o
t
h
e
Es
t
i
m
a
t
e
d
A
c
t
u
a
l
Va
l
u
e
o
f
T
a
x
a
b
l
e
Pr
o
p
e
r
t
y
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
DI
R
E
C
T
G
O
B
O
N
D
E
D
D
E
B
T
O
U
T
S
T
A
N
D
I
N
G
A
N
D
T
O
B
E
O
U
T
S
T
A
N
D
I
N
G
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
83
Is
s
u
e
S
e
r
i
e
s
O
r
i
g
i
n
a
l
A
m
o
u
n
t
P
u
r
p
o
s
e
Fi
n
a
l
Ma
t
u
r
i
t
y
Da
t
e
(
J
u
l
y
1
)
Ba
l
a
n
c
e
Ou
t
s
t
a
n
d
i
n
g
20
1
2
4
4
,
0
6
5
,
0
0
0
$
R
e
f
u
n
d
i
n
g
2
0
2
5
4
,
3
1
0
,
0
0
0
$
(
a
)
20
1
3
4
4
,
2
0
0
,
0
0
0
S
c
h
o
o
l
i
m
p
r
o
v
e
m
e
n
t
s
2
0
3
3
3
0
,
9
7
5
,
0
0
0
(
b
)
20
1
4
2
7
,
0
0
0
,
0
0
0
S
c
h
o
o
l
i
m
p
r
o
v
e
m
e
n
t
s
2
0
3
4
2
0
,
0
0
0
,
0
0
0
(
b
)
20
1
5
9
4
,
0
3
5
,
0
0
0
S
c
h
o
o
l
I
m
p
r
o
v
e
m
e
n
t
a
n
d
R
e
f
u
n
d
i
n
g
2
0
3
5
4
9
,
4
2
5
,
0
0
0
(
b
)
20
1
6
2
8
,
0
0
0
,
0
0
0
S
c
h
o
o
l
I
m
p
r
o
v
e
m
e
n
t
2
0
3
6
2
2
,
0
0
0
,
0
0
0
(
b
)
20
1
7
1
7
,
4
3
0
,
0
0
0
S
c
h
o
o
l
I
m
p
r
o
v
e
m
e
n
t
2
0
3
6
1
6
,
8
7
0
,
0
0
0
(
b
)
20
1
8
1
6
,
1
2
5
,
0
0
0
S
c
h
o
o
l
I
m
p
r
o
v
e
m
e
n
t
2
0
3
6
1
4
,
8
5
0
,
0
0
0
(
b
)
20
1
9
1
6
,
1
1
5
,
0
0
0
S
c
h
o
o
l
I
m
p
r
o
v
e
m
e
n
t
2
0
3
6
8
,
5
7
5
,
0
0
0
(
b
)
To
t
a
l
G
e
n
e
r
a
l
O
b
l
i
g
a
t
i
o
n
B
o
n
d
e
d
D
e
b
t
O
u
t
s
t
a
n
d
i
n
g
1
6
7
,
0
0
5
,
0
0
0
$
(a
)
D
e
s
i
g
n
a
t
e
d
a
s
“
C
l
a
s
s
A
”
.
(b
)
D
e
s
i
g
n
a
t
e
d
a
s
“
C
l
a
s
s
B
”
.
Ar
i
z
o
n
a
s
c
h
o
o
l
d
i
s
t
r
i
c
t
g
e
n
e
r
a
l
o
b
l
i
g
a
t
i
o
n
b
o
n
d
s
a
r
e
s
u
b
j
e
c
t
t
o
t
w
o
l
i
m
i
t
s
:
t
h
e
c
o
n
s
t
i
t
u
t
i
o
n
a
l
d
e
b
t
l
i
m
i
t
o
n
a
l
l
g
e
n
e
r
a
l
o
b
l
i
g
a
ti
o
n
b
o
n
d
s
a
n
d
th
e
s
t
a
t
u
t
o
r
y
d
e
b
t
l
i
m
i
t
o
n
C
l
a
s
s
B
b
o
n
d
s
.
“
C
l
a
s
s
B
”
d
e
s
i
g
n
a
t
e
s
fo
r
t
h
e
p
u
r
p
o
s
e
o
f
t
h
i
s
s
t
a
t
u
t
o
r
y
l
i
m
i
t
,
t
h
o
s
e
b
o
n
d
s
a
u
t
h
o
r
i
z
e
d
a
t
e
l
e
c
t
i
o
n
s
he
l
d
a
f
t
e
r
D
e
c
e
m
b
e
r
3
1
,
1
9
9
8
.
T
h
e
s
e
c
u
r
i
t
y
a
n
d
s
o
u
r
c
e
o
f
p
a
y
m
e
n
t
f
o
r
C
l
a
s
s
B
b
o
n
d
s
i
s
t
h
e
s
a
m
e
a
s
C
l
a
s
s
A
b
o
n
d
s
(
t
h
o
s
e
a
u
t
h
o
r
i
z
ed
a
t
el
e
c
t
i
o
n
s
h
e
l
d
p
r
i
o
r
t
o
D
e
c
e
m
b
e
r
3
1
,
1
9
9
8
o
r
b
o
n
d
s
i
s
s
u
e
d
t
o
r
e
f
u
n
d
t
h
o
s
e
b
o
n
d
s
)
.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
DI
R
E
C
T
A
N
D
O
V
E
R
L
A
P
P
I
N
G
G
O
V
E
R
N
M
E
N
T
A
L
A
C
T
I
V
I
T
I
E
S
D
E
B
T
JU
N
E
3
0
,
2
0
2
2
(U
N
A
U
D
I
T
E
D
)
84
Go
v
e
r
n
m
e
n
t
a
l
U
n
i
t
Ou
t
s
t
a
n
d
i
n
g
De
b
t
Es
t
i
m
a
t
e
d
Pe
r
c
e
n
t
a
g
e
Ap
p
l
i
c
a
b
l
e
(1
)
Es
t
i
m
a
t
e
d
S
h
a
r
e
of
O
v
e
r
l
a
p
p
i
n
g
De
b
t
De
b
t
R
e
p
a
i
d
w
i
t
h
P
r
o
p
e
r
t
y
T
a
x
e
s
Ma
r
i
c
o
p
a
C
o
m
m
u
n
i
t
y
C
o
l
l
e
g
e
D
i
s
t
r
i
c
t
$
1
3
5
,
5
8
5
,
0
0
0
4
.
4
9
%
$
6
,
0
8
7
,
7
6
7
M
a
r
i
c
o
p
a
C
o
u
n
t
y
S
p
e
c
i
a
l
H
e
a
l
t
h
C
a
r
e
D
i
s
t
r
i
c
t
6
0
0
,
33
5
,
0
0
0
4
.
4
9
2
6
,
9
5
5
,
0
4
2
Ci
t
y
o
f
G
l
e
n
d
a
l
e
1
2
5
,
3
2
0
,
0
0
0
2
5
.
9
1
3
2
,
4
7
0
,
4
1
2
Ci
t
y
o
f
P
e
o
r
i
a
1
6
6
,
7
7
2
,
0
0
0
8
5
.
8
8
1
4
3
,
2
2
3
,
7
9
4
Ci
t
y
o
f
S
u
r
p
r
i
s
e
4
3
,
2
2
5
,
0
0
0
0
.
5
3
2
2
9
,
0
9
3
Su
n
C
i
t
y
F
i
r
e
D
i
s
t
r
i
c
t
7
,
6
4
5
,
0
0
0
4
.
2
8
3
2
7
,
2
0
6
Vi
s
t
a
n
c
i
a
C
o
m
m
u
n
i
t
y
F
a
c
i
l
i
t
i
e
s
D
i
s
t
r
i
c
t
1
5
,
55
0
,
0
0
0
9
8
.
7
0
1
5
,
3
4
7
,
8
5
0
Vi
s
t
a
n
c
i
a
W
e
s
t
C
o
m
m
u
n
i
t
y
F
a
c
i
l
i
t
i
e
s
D
i
s
t
r
i
c
t
3
,
9
0
0
,
0
0
0
1
0
0
.
0
0
3
,
9
0
0
,
0
0
0
We
s
t
e
r
n
M
a
r
i
c
o
p
a
E
d
u
c
a
t
i
o
n
C
e
n
t
e
r
D
i
s
t
r
i
c
t
N
o
.
4
0
2
1
3
0
,
19
5
,
0
0
0
1
2
.
1
0
1
5
,
7
5
3
,
5
9
5
Su
b
t
o
t
a
l
,
O
v
e
r
l
a
p
p
i
n
g
D
e
b
t
2
4
4
,
2
9
4
,
7
5
7
Pe
o
r
i
a
U
n
i
f
i
e
d
S
c
h
o
o
l
D
i
s
t
r
i
c
t
1
8
2
,
1
5
9
,
2
9
2
1
0
0
.
0
0
1
8
2
,
1
5
9
,
2
9
2
To
t
a
l
D
i
r
e
c
t
a
n
d
O
v
e
r
l
a
p
p
i
n
g
D
e
b
t
$
4
2
6
,
4
5
4
,
0
4
9
1)
P
e
r
c
e
n
t
a
g
e
o
f
o
v
e
r
l
a
p
b
a
s
e
d
o
n
a
s
s
e
s
s
e
d
p
r
o
p
e
r
t
y
v
a
l
u
e
s
So
u
r
c
e
:
M
a
r
i
c
o
p
a
C
o
u
nt
y
T
r
e
a
s
u
r
e
r
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
DI
R
E
C
T
A
N
D
O
V
E
R
L
A
P
P
I
N
G
G
O
B
O
N
D
E
D
D
E
B
T
R
A
T
I
O
S
JU
N
E
3
0
,
2
0
2
2
(U
N
A
U
D
I
T
E
D
)
85
Ge
n
e
r
a
l
Ob
l
i
g
a
t
i
o
n
Bo
n
d
e
d
A
p
p
r
o
x
i
m
a
t
e
N
e
t
D
e
b
t
D
e
b
t
(b
)
Pe
r
c
e
n
t
A
m
o
u
n
t
St
a
t
e
o
f
A
r
i
z
o
n
a
N
o
n
e
2
.
9
5
%
N
o
n
e
Ma
r
i
c
o
p
a
C
o
u
n
t
y
N
o
n
e
4
.
4
9
%
N
o
n
e
Ma
r
i
c
o
p
a
C
o
u
nt
y
C
o
m
m
u
n
i
t
y
C
o
l
l
e
g
e
D
i
s
t
r
i
c
t
$1
3
5
,
5
8
5
,
0
0
0
4
.
4
9
%
$
6
,
0
8
7
,
7
6
7
Ma
r
i
c
o
p
a
C
o
u
nt
y
S
p
e
c
i
a
l
H
e
a
l
t
h
C
a
r
e
D
i
s
t
r
i
c
t
60
0
,
3
3
5
,
0
0
0
4
.
4
9
%
2
6
,
9
5
5
,
0
4
2
Ci
t
y
o
f
G
l
e
n
d
a
l
e
1
2
5
,
3
2
0
,
0
0
0
2
5
.
9
1
%
3
2
,
4
7
0
,
4
1
2
Ci
t
y
o
f
P
e
o
r
i
a
1
6
6
,
7
7
2
,
0
0
0
8
5
.
8
8
%
1
4
3
,
2
2
3
,
7
9
4
Ci
t
y
o
f
S
u
r
p
r
i
s
e
4
3
,
2
2
5
,
0
0
0
0
.
5
3
%
2
2
9
,
0
9
3
Su
n
C
i
t
y
F
i
r
e
a
n
d
M
e
d
i
c
a
l
D
i
s
t
r
i
c
t
7
,
6
4
5
,
0
0
0
4
.
2
8
%
3
2
7
,
2
0
6
Vi
s
t
a
n
c
i
a
C
o
m
m
u
n
i
t
y
F
a
c
i
l
i
t
i
e
s
D
i
s
t
r
i
c
t
1
5
,
55
0
,
0
0
0
9
8
.
7
0
%
1
5
,
3
4
7
,
8
5
0
3,
9
0
0
,
0
0
0
1
0
0
.
0
0
%
3
,
9
0
0
,
0
0
0
13
0
,
1
9
5
,
0
0
0
1
2
.
1
0
%
1
5
,
7
5
3
,
5
9
5
Su
b
t
o
t
a
l
,
O
v
e
r
l
a
p
p
i
n
g
D
e
b
t
$2
4
4
,
2
9
4
,
7
5
7
Pe
o
r
i
a
U
n
i
f
i
e
d
S
c
h
o
o
l
D
i
s
t
r
i
c
t
N
o
.
1
1
1
6
7
,
0
0
5
,
0
0
0
1
0
0
.
0
0
%
1
6
7
,
0
0
5
,
0
0
0
$4
1
1
,
2
9
9
,
7
5
7
(a
)
SS
S
S
S
P
r
o
p
o
r
t
i
o
n
a
p
p
l
i
c
a
b
l
e
t
o
t
h
e
D
i
s
t
r
i
c
t
i
s
c
o
m
p
u
t
e
d
o
n
t
h
e
r
a
t
i
o
o
f
n
e
t
l
i
m
i
t
e
d
a
s
s
e
s
s
e
d
v
a
l
u
a
t
i
o
n
f
o
r
2
0
2
1
/
2
2
.
(b
)
SS
S
S
S
I
n
c
l
u
d
e
s
t
o
t
a
l
s
t
a
t
e
d
p
r
i
n
c
i
p
a
l
a
m
o
u
n
t
o
f
g
e
n
e
r
a
l
o
b
l
i
g
a
t
i
o
n
b
o
n
d
s
o
u
t
s
t
a
n
d
i
n
g
.
D
o
e
s
n
o
t
i
n
c
l
u
d
e
o
u
t
s
t
a
n
d
i
n
g
pr
i
n
c
i
p
a
l
a
m
o
u
n
t
o
f
c
e
r
t
i
f
i
c
a
t
e
s
o
f
p
a
r
t
i
c
i
p
a
t
i
o
n
,
r
e
v
e
n
u
e
o
b
l
i
g
a
t
i
o
n
s
o
r
l
o
a
n
o
b
l
i
g
a
t
i
o
n
s
o
u
t
s
t
a
n
d
i
n
g
f
o
r
t
h
e
j
u
r
i
s
d
i
c
t
i
o
n
s
li
s
t
e
d
a
b
o
v
e
.
D
o
e
s
n
o
t
i
n
c
l
u
d
e
o
u
t
s
t
a
n
d
i
n
g
p
r
i
n
c
i
p
a
l
a
m
o
u
n
t
s
o
f
v
a
r
i
o
u
s
C
o
u
n
t
y
i
m
p
r
o
v
e
m
e
n
t
d
i
s
t
r
i
c
t
s
,
a
s
t
h
e
o
b
l
i
g
a
t
i
o
n
s
of
t
h
e
s
e
d
i
s
t
r
i
c
t
s
a
r
e
b
e
i
n
g
p
a
i
d
f
r
o
m
s
p
e
c
i
a
l
a
s
s
e
s
s
m
e
n
t
s
a
g
a
i
n
s
t
p
r
o
p
e
r
t
y
w
i
t
h
i
n
t
h
e
v
a
r
i
o
u
s
i
m
p
r
o
v
e
m
e
n
t
d
i
s
t
r
i
c
t
s
.
Pr
o
p
o
r
t
i
o
n
A
p
p
l
i
c
a
b
l
e
to
t
h
e
D
i
s
t
r
i
c
t
(a
)
Ov
e
r
l
a
p
p
i
n
g
J
u
r
i
s
d
i
c
t
i
o
n
Vi
s
t
a
n
c
i
a
W
e
s
t
C
o
m
m
u
n
i
t
y
F
a
c
i
l
i
t
i
e
s
D
i
s
t
r
i
c
t
We
s
t
e
r
n
M
a
r
i
c
o
p
a
E
d
u
c
a
t
i
o
n
C
e
n
t
e
r
D
i
s
t
r
i
c
t
N
o
.
4
0
2
Ne
t
D
i
r
e
c
t
a
n
d
O
v
e
r
l
a
p
p
i
n
g
G
e
n
e
r
a
l
O
b
l
i
g
a
t
i
o
n
B
o
n
d
e
d
D
e
b
t
So
u
r
c
e
:
T
h
e
v
a
r
i
o
u
s
e
n
t
i
t
i
e
s
,
P
r
o
p
e
r
t
y
T
a
x
R
a
t
e
s
a
n
d
A
s
s
e
s
s
e
d
Va
l
u
e
s
,
A
r
i
z
o
n
a
T
a
x
R
e
s
e
a
r
c
h
A
s
s
o
c
i
a
t
i
o
n
,
S
t
a
t
e
a
n
d
C
o
u
n
t
y
Ab
s
t
r
a
c
t
o
f
t
h
e
A
s
s
e
s
s
m
e
n
t
R
o
l
l
,
A
r
i
z
o
n
a
D
e
p
a
r
t
m
e
n
t
o
f
R
e
v
e
n
u
e
,
t
h
e
A
s
s
e
s
s
o
r
o
f
t
h
e
C
o
u
n
t
y
a
n
d
t
h
e
F
i
n
a
n
c
e
D
e
p
a
r
t
m
e
n
t
o
f
t
h
e
C
o
u
n
t
y
.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
LEGAL DEBT MARGIN INFORMATION
LAST TEN FISCAL YEARS
(UNAUDITED)
86
Class B Bond Legal Debt Margin Calculation: Legal Debt Margin Calculation:
Net full cash assessed value 3,092,343,625$ Net full cash assessed value 3,092,343,625$
20% 30%
Debt limit (20% of assessed value) 618,468,725 Debt limit (30% of assessed value) 927,703,088
$1,500 per student (ADM) ($1,500 * 34,655) 51,982,500
Less: Net debt applicable to limit 180,780,000 Less: Net debt applicable to limit* 185,125,000
Net: Assets in Debt Service Fund Net: Assets in Debt Service Fund
available for principal payments 18,085,000 available for principal payments 18,120,000
Legal debt margin 455,773,725$ Legal debt margin 760,698,088$
Class A and B Bonded Debt 2022 2021 2020 2019 2018
Debt Limit 927,703,088$ 849,890,044$ 779,559,598$ 704,288,720$ 637,920,814$
Less: Net debt applicable to limit 167,005,000 185,125,000 207,770,000 212,545,000 215,435,000
Legal debt margin 760,698,088$ 664,765,044$ 571,789,598$ 491,743,720$ 422,485,814$
Total debt applicable to the limit
as percentage of debt limit 18% 22% 27% 30% 34%
Class B Bonded Debt 2022 2021 2020 2019 2018
Debt Limit 618,468,725$ 566,593,362$ 519,706,398$ 469,525,813$ 425,280,542$
Less: Net debt applicable to limit 162,695,000 180,780,000 198,695,000 198,995,000 197,610,000
Legal debt margin 455,773,725$ 385,813,362$ 321,011,398$ 270,530,813$ 227,670,542$
Total debt applicable to the limit
as percentage of debt limit 26% 32% 38% 42% 46%
Class A and B Bonded Debt 2017 2016 2015 2014 2013
Debt Limit 584,170,452$ 537,932,302$ 441,364,006$ 405,093,185$ 438,132,765$
Less: Net debt applicable to limit 217,615,000 208,250,000 201,510,000 187,128,183 164,115,115
Legal debt margin 366,555,452$ 329,682,302$ 239,854,006$ 217,965,002$ 274,017,650$
Total debt applicable to the limit
as percentage of debt limit 37% 39% 46% 46% 37%
Class B Bonded Debt 2017 2016 2015 2014 2013
Debt Limit 389,446,968$ 358,621,534$ 294,242,670$ 270,062,123$ 146,044,255$
Less: Net debt applicable to limit 184,260,612 174,435,000 164,300,000 135,153,183 126,105,000
Legal debt margin 205,186,356$ 184,186,534$ 129,942,670$ 134,908,940$ 19,939,255$
Total debt applicable to the limit
as percentage of debt limit 47% 49% 56% 50% 86%
Source: District records and the State and County Abstract of the Assessment Roll from the Arizona Department of Revenue.
* Note: Excludes $4,345,381 premium counting against debt capacity per A.R.S. 15-1024.d.
Fiscal Year Ended June 30
Fiscal Year Ended June 30
Fiscal Year Ended June 30
Fiscal Year Ended June 30
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
CO
N
S
T
I
T
U
T
I
O
N
A
L
D
E
B
T
L
I
M
I
T
/
U
N
U
S
E
D
B
O
R
R
O
W
I
N
G
C
A
P
A
C
I
T
Y
JU
N
E
3
0
,
2
0
2
2
(U
N
A
U
D
I
T
E
D
)
87
20
2
1
/
2
2
A
r
i
z
o
n
a
C
o
n
s
ti
t
u
t
i
o
n
a
l
D
e
b
t
L
i
m
i
t
a
t
i
o
n
(3
0
%
o
f
N
e
t
F
u
l
l
C
a
s
h
A
s
s
e
s
s
e
d
V
a
l
u
a
t
i
o
n
)
9
2
7
,
7
0
3
,
0
8
8
$
Le
s
s
:
C
l
a
s
s
A
B
o
n
d
s
O
u
t
s
t
a
n
d
i
n
g
(
4
,
3
1
0
,
0
0
0
)
Le
s
s
:
C
l
a
s
s
B
B
o
n
d
s
O
u
t
s
t
a
n
d
i
n
g
(
1
6
2
,
6
9
5
,
0
0
0
)
Le
s
s
:
O
r
i
g
i
n
a
l
I
s
s
u
e
P
r
e
m
i
u
m
(
a
)
(
4
,
3
4
5
,
3
8
1
)
Un
u
s
e
d
C
o
n
s
t
i
t
u
t
i
o
n
a
l
B
o
r
r
o
w
i
n
g
C
a
p
a
c
i
t
y
75
6
,
3
5
2
,
7
0
7
$
S
o
u
r
c
e
:
D
i
s
t
r
i
c
t
r
e
c
o
r
d
s
a
n
d
t
h
e
S
t
a
t
e
a
n
d
C
o
u
n
t
y
A
b
s
t
r
a
c
t
o
f
t
h
e
A
s
s
e
s
s
m
e
n
t
R
o
l
l
f
r
o
m
t
h
e
A
r
i
z
o
n
a
D
e
p
a
r
t
m
e
n
t
o
f
R
e
v
e
n
u
e
.
(a
)
SS
S
S
S
A
r
i
z
o
n
a
R
e
v
i
s
e
d
S
t
a
t
u
t
e
s
r
e
q
u
i
r
e
s
c
e
r
t
a
i
n
p
o
r
t
i
o
n
s
o
f
b
o
n
d
p
r
e
m
i
u
m
t
o
c
o
u
n
t
a
g
a
i
n
s
t
d
e
b
t
a
u
t
h
o
r
i
t
y
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
ST
A
T
U
T
O
R
Y
D
E
B
T
L
I
M
I
T
/
U
N
U
S
E
D
B
O
R
R
O
W
I
N
G
C
A
P
A
C
I
T
Y
A
F
T
E
R
B
O
N
D
I
S
S
U
A
N
C
E
JU
N
E
3
0
,
2
0
2
2
(U
N
A
U
D
I
T
E
D
)
88
20
2
1
/
2
2
S
t
a
t
u
t
o
r
y
D
e
b
t
L
i
m
i
t
a
t
i
o
n
o
r
$
1
,
5
0
0
p
e
r
s
t
u
d
e
n
t
(
$
5
1
,
9
8
3
,
4
7
5
]
6
1
8
,
4
6
8
,
7
2
5
$
Le
s
s
:
C
l
a
s
s
B
B
o
n
d
s
O
u
t
s
t
a
n
d
i
n
g
(
a
)
1
6
2
,
6
9
5
,
0
0
0
Le
s
s
:
B
o
n
d
P
r
e
m
i
u
m
O
u
t
s
t
a
n
d
i
n
g
a
n
d
C
o
u
n
t
i
n
g
A
g
a
i
n
s
t
D
e
b
t
C
a
p
a
c
i
t
y
(
b
)
(
4
,
3
4
5
,
3
8
1
)
Un
u
s
e
d
S
t
a
t
u
t
o
r
y
B
o
r
r
o
w
i
n
g
C
a
p
a
c
i
t
y
7
7
6
,
8
1
8
,
3
4
4
$
a)
O
n
l
y
C
l
a
s
s
B
B
o
n
d
s
a
r
e
s
u
b
j
e
c
t
t
o
t
h
i
s
s
t
a
t
u
t
o
r
y
d
e
b
t
l
i
m
i
t
.
b)
SAr
i
z
o
n
a
R
e
v
i
s
e
d
S
t
a
t
u
t
e
s
r
e
q
u
i
r
e
s
c
e
r
t
a
i
n
p
o
r
t
i
o
n
s
o
f
b
o
n
d
pr
e
m
i
u
m
t
o
c
o
u
n
t
a
g
a
i
n
s
t
d
e
b
t
a
u
t
h
o
r
i
t
y
.
S
o
u
r
c
e
:
D
i
s
t
r
i
c
t
r
e
c
o
r
d
s
a
n
d
t
h
e
S
t
a
t
e
a
n
d
C
o
u
n
t
y
A
b
s
t
r
a
c
t
o
f
th
e
A
s
s
e
s
s
m
e
n
t
R
o
l
l
f
r
o
m
t
h
e
A
r
i
z
o
n
a
D
e
p
a
r
t
m
e
n
t
o
f
R
e
v
e
n
u
e
.
[
G
r
e
a
t
e
r
o
f
2
0
%
o
f
N
e
t
F
u
l
l
C
a
s
h
A
s
s
e
s
s
e
d
V
a
l
u
a
t
i
o
n
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
DI
R
E
C
T
A
N
D
O
V
E
R
L
A
P
P
I
N
G
G
E
N
E
R
A
L
O
B
L
I
G
A
T
I
O
N
B
O
N
D
E
D
D
E
B
T
R
A
T
I
O
S
JU
N
E
3
0
,
2
0
2
2
(U
N
A
U
D
I
T
E
D
)
89
As
%
o
f
A
s
%
o
f
Pe
r
C
a
p
i
t
a
D
i
s
t
r
i
c
t
'
s
T
o
t
a
l
D
i
s
t
r
i
c
t
'
s
T
o
t
a
l
Bo
n
d
e
d
D
e
b
t
2
0
2
1
/
2
2
2
0
2
1
/
2
2
Po
p
u
l
a
t
i
o
n
N
e
t
L
i
m
i
t
e
d
E
s
t
i
m
a
t
e
d
Es
t
i
m
a
t
e
d
A
s
s
e
s
s
e
d
N
e
t
F
u
l
l
24
9
,
6
9
3
V
a
l
u
a
t
i
o
n
C
a
s
h
V
a
l
u
e
Ne
t
D
i
r
e
c
t
G
e
n
e
r
a
l
O
b
l
i
g
a
t
i
o
n
B
o
n
d
e
d
D
e
b
t
6
6
8
.
8
4
$
7
.
6
3
%
0
.
6
3
%
Ne
t
D
i
r
e
c
t
a
n
d
O
v
e
r
l
a
p
p
i
n
g
G
e
n
e
r
a
l
O
b
l
i
g
a
t
i
o
n
B
o
n
d
e
d
D
e
b
t
1
,
6
4
7
.
2
2
$
1
8
.
7
9
%
1
.
5
5
%
So
u
r
c
e
:
D
i
s
t
r
i
c
t
R
e
c
o
r
d
s
,
S
t
a
t
e
a
n
d
C
o
u
nt
y
A
b
s
t
r
a
c
t
o
f
t
h
e
A
s
s
e
s
s
m
e
n
t
R
o
l
l
,
A
r
i
z
o
n
a
D
e
p
a
r
t
m
e
n
t
o
f
R
e
v
e
n
u
e
,
P
r
op
e
r
t
y
T
a
x
Ra
t
e
s
a
n
d
A
s
s
e
s
s
e
d
V
a
l
u
e
s
,
A
r
i
z
o
n
a
T
a
x
R
e
s
e
a
r
c
h
A
s
s
o
c
i
a
t
i
o
n
a
n
d
U
.
S
.
C
e
n
s
u
s
B
u
r
e
a
u
,
S
m
a
l
l
A
r
e
a
I
n
c
o
m
e
a
n
d
P
o
v
e
r
t
y
Es
t
i
m
a
t
e
s
(
S
A
I
P
E
)
P
r
o
g
r
a
m
,
D
e
c
e
m
b
e
r
2
0
2
1
.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
CO
U
N
T
Y
-
W
I
D
E
D
E
M
O
G
R
A
P
H
I
C
A
N
D
E
C
O
N
O
M
I
C
S
T
A
T
I
S
T
I
C
S
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
90
Es
t
i
m
a
t
e
d
P
e
r
s
o
n
a
l
I
n
c
o
m
e
P
e
r
C
a
p
i
t
a
U
n
e
m
p
l
o
y
m
e
n
t
C
o
u
n
t
y
Ye
a
r
D
i
s
t
r
i
c
t
P
o
p
u
l
a
t
i
o
n
(
t
h
o
u
s
a
n
d
s
)
P
e
r
s
o
n
a
l
I
n
c
o
m
e
R
a
t
e
P
o
p
u
l
a
t
i
o
n
20
2
2
2
6
0
,
0
6
0
(
1
)
(
1
)
3
.
3
%
(
1
)
20
2
1
2
5
8
,
9
3
3
(
1
)
5
9
,
7
5
9
3
.
2
%
4
,
4
9
6
,
5
8
8
20
2
0
2
4
2
,
8
7
7
2
4
5
,
0
7
7
,
7
5
3
5
6
,
2
5
5
8
.
9
%
4
,
4
2
0
,
5
6
8
20
1
9
2
3
8
,
8
5
7
2
2
2
,
9
4
3
,
0
7
2
5
2
,
0
3
2
3
.
7
%
4
,
4
8
5
,
4
1
4
20
1
8
2
3
3
,
7
8
5
2
1
1
,
8
1
2
,
6
8
5
4
8
,
1
1
3
4
.
1
%
4
,
4
0
2
,
4
0
3
20
1
7
2
2
9
,
7
3
3
1
9
8
,
0
3
5
,
3
4
9
4
5
,
7
6
5
4
.
5
%
4
,
3
2
7
,
1
8
4
20
1
6
2
3
4
,
7
1
3
1
8
7
,
2
3
8
,
5
6
7
4
3
,
9
3
3
5
.
2
%
4
,
2
5
6
,
1
4
3
20
1
5
2
2
9
,
8
4
2
1
7
8
,
8
6
1
,
0
7
6
4
2
,
8
6
2
5
.
9
%
4
,
1
7
2
,
9
0
5
20
1
4
2
2
4
,
0
6
8
1
6
8
,
7
0
4
,
5
0
1
4
1
,
2
1
1
4
.
5
%
4
,
0
9
3
,
6
4
8
20
1
3
2
1
8
,
7
0
3
1
0
4
,
0
9
6
,
9
1
5
3
9
,
3
4
1
5
.
5
%
3
,
9
4
2
,
1
6
9
So
u
r
c
e
s
:
E
s
t
i
m
a
t
e
d
i
n
f
o
r
m
a
t
i
o
n
h
a
s
b
e
e
n
o
b
t
a
i
n
e
d
f
r
o
m
P
e
r
s
o
n
al
I
n
c
o
m
e
a
n
d
P
e
r
C
a
p
i
t
a
i
n
f
o
r
m
a
t
i
o
n
i
s
f
r
o
m
t
h
e
B
u
r
e
a
u
o
f
E
c
o
n
o
m
i
c
A
n
a
l
y
s
i
s
,
U
n
i
v
e
r
s
i
t
y
o
f
A
r
i
z
o
n
a
,
a
z
e
c
o
n
o
m
y
.
o
r
g
,
t
h
e
B
u
r
e
a
u
o
f
L
a
b
o
r
S
t
a
t
i
s
t
i
c
s
a
n
d
t
h
e
F
e
d
e
r
a
l
R
e
s
e
r
v
e
B
a
n
k
o
f
S
t
.
L
o
u
i
s
.
T
h
e
s
o
u
r
c
e
o
f
t
h
e
P
o
p
u
l
a
t
i
o
n
a
n
d
U
n
e
m
p
l
o
y
m
e
n
t
r
a
t
e
i
s
t
h
e
S
t
a
t
e
o
f
A
r
i
z
o
n
a
,
D
e
p
a
r
t
m
e
n
t
o
f
E
c
o
n
o
m
i
c
S
e
c
u
r
i
t
y
a
n
d
t
h
e
M
a
r
i
c
o
p
a
A
s
s
o
c
i
a
t
i
o
n
o
f
G
o
v
e
r
n
m
e
n
t
s
.
T
h
e
s
o
u
r
c
e
o
f
t
h
e
e
s
t
i
m
a
t
e
d
d
i
s
t
r
i
c
t
p
o
p
u
l
a
t
i
o
n
i
s
t
h
e
U
.
S
.
C
e
n
s
u
s
B
u
r
e
a
u
,
S
c
h
o
o
l
D
i
s
t
r
i
c
t
D
e
m
o
g
r
a
p
h
i
c
S
y
s
t
e
m
a
n
d
D
i
s
t
r
i
c
t
E
s
t
i
m
a
t
e
s
a
n
d
N
a
t
i
o
n
a
l
C
e
n
t
e
r
f
o
r
E
d
u
c
a
t
i
o
n
S
t
a
t
i
s
t
i
c
s
.
(1
)
I
n
f
o
r
m
a
t
i
o
n
n
o
t
a
v
a
i
l
a
b
l
e
a
t
d
a
t
e
o
f
r
e
p
o
r
t
.
F
u
t
u
r
e
d
a
t
a
w
i
l
l
b
e
a
dd
e
d
a
s
i
t
b
e
c
o
m
e
s
a
v
a
i
l
a
b
l
e
.
PEORIA UNIFIED SCHOOL DISTRICT NO. 11
PRINCIPAL EMPLOYERS
FISCAL YEAR ENDING JUNE 30, 2022, AND NINE YEARS PRIOR
(UNAUDITED)
91
Employer Employees*
Percentage
of Total
Employment Employees
Percentage of
Total
Employment
Banner Health Systems 41,435 1.62% 28,011 7.49%
Amazon.Com, Inc. 40,000 1.57%
State of Arizona 39,172 1.53%
Wal-Mart Stores, Inc. 38,309 1.50% 31,837 8.52%
Arizona State University 34,421 1.35%
Fry's Food and Drug Stores (Kroger Co.) 21,012 0.82%
University of Arizona 19,823 0.78%
Dignity Health Arizona 16,525 0.65% 7,744 2.07%
City of Phoenix 15,645 0.61%
Wells Fargo & Company 15,500 0.61% 14,965 4.00%
HonorHealth 13,347 0.52%
Maricopa County 13,149 0.51%
Intel Corp. 12,000 0.47% 11,000 2.94%
American Express Co. 11,484 0.45% 7,531 2.01%
Maricopa Community College District 11,309 0.44%
US Postal Service 11,000 0.43%
Grand Canyon University 9,798 0.38%
JP Morgan Chase & Co. 9,500 0.37% 11,375 3.04%
Mayo Clinic 9,300 0.36%
Freeport-McMoRan, Inc. 9,140 0.36% 8,200 2.19%
Bank of America 9,000 0.35% 11,500 3.08%
Honeywell Aerospace 8,255 0.32% 10,000 2.68%
Bashas' Family of Stores 7,766 0.30% 8,533 2.28%
United Healthcare of Arizona 7,478 0.29%
Boeing Co. 4,428 0.17% 5,000 1.34%
McDonald's Crop.12,770 3.42%
Raytheon Co.11,500 3.08%
Safeway, Inc.11,250 3.01%
Apollo Group Inc.11,000 2.94%
U.S. Airways 9,147 2.45%
Target Corp.8,500 2.27%
Home Depot Co.7,400 1.98%
Circle K 7,235 1.94%
Walgreen Co.7,053 1.89%
Scottsdale Healthcare 6,700 1.79%
Pinnacle West Capital Corp.6,700 1.79%
University of Arizona Health network 6,118 1.64%
Marriott International 5,000 1.34%
CVS Caremark Corp.5,000 1.34%
Total 303,168 16.78% 271,069 72.51%
Source: The Arizona Republic, City of Glendale, the Arizona Department of Economic Security, Elliot D. Pollack & Co.,
factfinder.census.gov, American Community Survey and the Phoenix Business Journal.
Note 1: Information was not available at the District level and therefore is presented for the Phoenix Metro Area. 2,555,000 as of June 30, 2022
* Updated for 2022 employer information. May include prior year data when 2022 information was not available.
2022 2013
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
FU
L
L
-
T
I
M
E
E
Q
U
I
V
A
L
E
N
T
D
I
S
T
R
I
C
T
E
M
P
L
O
Y
E
E
B
Y
T
Y
P
E
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
92
20
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
2
0
1
3
Fu
n
c
t
i
o
n
In
s
t
r
u
c
t
i
o
n
2,
4
7
7
2,
5
0
5
2
,
5
0
4
2
,
4
4
4
2
,
4
2
1
2
,
3
7
0
2
,
3
3
3
2
,
3
0
5
2
,
3
3
1
2
,
1
7
4
Su
p
p
o
r
t
S
e
r
v
i
c
e
s
-
S
t
u
d
e
n
t
s
a
n
d
S
t
a
f
f
62
1
58
9
5
6
9
5
5
6
5
5
0
5
5
4
5
4
9
5
3
9
5
4
2
4
2
1
Su
p
p
o
r
t
S
e
r
v
i
c
e
s
-
A
d
m
i
n
i
s
t
r
a
t
i
o
n
30
6
30
0
2
9
8
2
9
5
2
8
9
2
8
3
2
8
1
2
8
3
2
8
3
2
9
1
Op
e
r
a
t
i
o
n
a
n
d
M
a
i
n
t
e
n
a
n
c
e
o
f
P
l
a
n
t
S
e
r
v
i
c
e
s
22
6
22
4
2
2
4
2
2
4
2
1
9
2
1
6
2
1
8
2
7
0
3
6
9
3
5
7
St
u
d
e
n
t
T
r
a
n
s
p
o
r
t
a
t
i
o
n
S
e
r
v
i
c
e
s
22
8
21
3
2
0
8
2
0
3
1
9
8
2
0
1
2
0
2
2
0
2
2
2
8
1
9
4
Op
e
r
a
t
i
o
n
o
f
N
o
n
i
n
s
t
r
u
c
t
i
o
n
a
l
S
e
r
v
i
c
e
s
24
6
24
4
2
4
1
2
4
1
2
3
9
2
2
8
2
2
8
2
1
6
2
2
1
2
0
4
T
o
t
a
l
4,
1
0
4
4,
0
7
5
4
,
0
4
4
3
,
9
6
3
3
,
9
1
6
3
,
8
5
2
3
,
8
1
1
3
,
8
1
5
3
,
9
7
4
3
,
6
4
1
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
p
e
r
s
o
n
n
e
l
r
e
c
o
r
d
s
.
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
OP
E
R
A
T
I
N
G
S
T
A
T
I
S
T
I
C
S
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
(U
N
A
U
D
I
T
E
D
)
93
Ma
i
n
t
e
n
a
n
c
e
a
n
d
Op
e
r
a
t
i
n
g
%
C
h
a
n
g
e
T
e
a
c
h
i
n
g
P
u
p
i
l
-
T
e
a
c
h
e
r
%
o
f
F
r
e
e
&
Fi
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0
E
n
r
o
l
l
m
e
n
t
E
x
p
e
n
di
t
u
r
e
s
C
o
s
t
p
e
r
P
u
p
i
l
C
o
s
t
p
e
r
P
u
p
i
l
S
t
a
f
f
R
a
t
i
o
R
e
d
u
c
e
d
S
t
u
d
e
n
t
s
20
2
2
3
4
,
6
5
5
3
4
8
,
5
1
5
,
7
7
4
1
0
,
0
5
7
5
.
6
9
%
2
,
4
7
7
1
4
.
0
3
4
.
3
%
20
2
1
3
4
,
1
3
2
3
2
4
,
7
7
0
,
8
6
4
9
,
5
1
5
1
0
.
5
0
%
2
,
5
0
5
1
3
.
6
3
6
.
0
%
20
2
0
3
5
,
8
4
1
3
0
8
,
6
1
8
,
6
2
6
8
,
6
1
1
-
0
.
3
6
%
2
,
5
0
4
1
4
.
3
4
0
.
0
%
20
1
9
3
5
,
6
8
4
3
0
8
,
3
7
8
,
2
1
4
8
,
6
4
2
-
2
.
4
5
%
2
,
4
4
4
1
4
.
6
4
2
.
0
%
20
1
8
3
5
,
5
5
8
2
9
6
,
7
9
9
,
3
7
7
8
,
8
5
9
6
.
3
1
%
2
,
4
2
1
1
4
.
7
4
2
.
0
%
20
1
7
3
5
,
0
7
1
3
1
0
,
6
9
4
,
4
9
1
8
,
3
3
3
6
.
0
6
%
2
,
3
7
0
1
4
.
8
4
2
.
0
%
20
1
6
3
5
,
1
8
1
2
9
3
,
1
5
0
,
6
2
3
7
,
8
5
7
3
.
1
2
%
2
,
3
2
5
1
5
.
1
4
3
.
0
%
20
1
5
3
5
,
1
0
8
2
7
5
,
8
5
8
,
7
5
2
7
,
6
1
9
2
.
5
6
%
2
,
3
0
5
1
5
.
2
4
3
.
0
%
20
1
4
3
5
,
1
8
9
2
6
8
,
1
1
8
,
0
8
8
7
,
4
2
9
2
.
1
7
%
2
,
3
3
1
1
5
.
1
4
4
.
0
%
20
1
3
3
5
,
1
2
1
2
6
0
,
8
9
9
,
5
2
3
7
,
2
7
1
0
.
0
0
%
1
,
9
9
1
1
7
.
6
4
0
.
0
%
So
u
r
c
e
:
T
h
e
D
i
s
t
r
i
c
t
'
s
f
i
n
a
n
c
i
a
l
r
e
c
o
r
d
s
.
No
t
e
1
:
O
p
e
r
a
t
i
n
g
e
x
p
e
n
d
i
t
u
r
e
s
a
r
e
t
o
t
a
l
e
x
p
e
n
d
i
t
u
r
e
s
l
e
s
s
d
e
b
t
s
e
r
v
i
c
e
a
n
d
c
a
p
i
t
a
l
o
u
t
l
a
y
.
PE
O
R
I
A
U
N
I
F
I
E
D
S
C
H
O
O
L
D
I
S
T
R
I
C
T
N
O
.
1
1
CA
P
I
T
A
L
A
S
S
E
T
I
N
F
O
R
M
A
T
I
O
N
LA
S
T
T
E
N
F
I
S
C
A
L
Y
E
A
R
S
94
2
0
2
2
2
0
2
1
2
0
2
0
2
0
1
9
2
0
1
8
2
0
1
7
2
0
1
6
2
0
1
5
2
0
1
4
2
0
1
3
S
c
h
o
o
l
s
:
E
l
e
m
e
n
t
a
r
y
/
M
i
d
d
l
e
:
B
u
i
l
d
i
n
g
s
2
9
4
2
9
4
2
9
4
2
9
4
2
9
4
2
9
4
2
9
4
2
9
4
2
8
9
2
8
9
S
q
u
a
r
e
f
e
e
t
2
,
8
3
1
,
7
1
8
2
,
8
3
1
,
7
1
8
2
,
8
3
1
,
7
1
8
2
,
8
3
1
,
7
1
8
2
,
8
3
1
,
7
1
8
2
,
8
3
1
,
7
1
8
2
,
8
3
1
,
7
1
8
2
,
8
3
1
,
7
1
8
2
,
7
3
4
,
2
2
7
2
,
7
3
4
,
2
2
7
C
a
p
a
c
i
t
y
2
8
,
8
3
2
2
8
,
8
3
2
2
8
,
8
3
2
2
8
,
8
3
2
2
8
,
8
3
2
2
8
,
8
3
2
2
8
,
8
3
2
2
8
,
8
3
2
2
7
,
8
3
2
2
7
,
8
3
2
E
n
r
o
l
l
m
e
n
t
2
1
,
2
3
9
2
1
,
2
3
9
2
4
,
7
3
4
2
4
,
7
3
4
2
4
,
5
0
9
2
4
,
1
1
8
2
4
,
1
7
3
2
4
,
2
5
8
2
4
,
2
2
3
2
3
,
6
1
1
H
i
g
h
:
B
u
i
l
d
i
n
g
s
1
0
5
1
0
5
1
0
5
1
0
5
1
0
5
1
0
5
1
0
5
1
0
5
1
0
5
1
0
5
S
q
u
a
r
e
f
e
e
t
1
,
7
6
0
,
8
2
6
1
,
7
6
0
,
8
2
6
1
,
7
6
0
,
8
2
6
1
,
7
6
0
,
8
2
6
1
,
7
6
0
,
8
2
6
1
,
7
6
0
,
8
2
6
1
,
7
6
0
,
8
2
6
1
,
7
6
0
,
8
2
6
1
,
7
6
0
,
8
2
6
1
,
7
6
0
,
8
2
6
C
a
p
a
c
i
t
y
1
4
,
3
0
5
1
4
,
3
0
5
1
4
,
3
0
5
1
4
,
3
0
5
1
4
,
3
0
5
1
4
,
3
0
5
1
4
,
3
0
5
1
4
,
3
0
5
1
4
,
3
0
5
1
4
,
3
0
5
E
n
r
o
l
l
m
e
n
t
1
2
,
8
9
3
1
2
,
8
9
3
1
2
,
8
1
1
1
2
,
8
1
1
1
2
,
5
1
9
1
2
,
5
1
2
1
2
,
3
1
0
1
2
,
2
2
8
1
2
,
2
3
0
1
2
,
6
9
7
A
d
m
i
n
i
s
t
r
a
t
i
v
e
:
B
u
i
l
d
i
n
g
s
1
4
1
4
1
4
1
4
1
4
1
4
1
4
1
4
1
4
1
4
S
q
u
a
r
e
f
e
e
t
1
6
5
,
6
1
1
1
6
5
,
6
1
1
1
6
5
,
6
1
1
1
6
5
,
6
1
1
1
6
5
,
6
1
1
1
6
5
,
6
1
1
1
6
5
,
6
1
1
1
6
5
,
6
1
1
1
6
5
,
6
1
1
1
6
5
,
6
1
1
T
r
a
n
s
p
o
r
t
a
t
i
o
n
:
G
a
r
a
g
e
s
6
B
u
s
/
1
C
a
r
6
B
u
s
/
1
C
a
r
6
B
u
s
/
1
C
a
r
6
B
u
s
/
1
C
a
r
6
B
u
s
/
1
C
a
r
6
B
u
s
/
1
C
a
r
6
B
u
s
/
1
C
a
r
6
B
u
s
/
1
C
a
r
6
B
u
s
/
1
C
a
r
6
B
u
s
/
1
C
a
B
u
s
e
s
2
1
2
2
1
2
2
1
2
2
0
2
1
9
3
1
8
2
1
6
5
1
5
6
1
9
1
1
9
1
A
t
h
l
e
t
i
c
s
:
M
u
l
t
i
-
P
u
r
p
o
s
e
F
i
e
l
d
s
6
2
6
2
6
2
6
2
6
2
6
2
6
2
6
2
6
0
6
0
F
o
o
t
b
a
l
l
F
i
e
l
d
s
7
7
7
7
7
7
7
7
7
7
R
u
n
n
i
n
g
T
r
a
c
k
s
7
7
7
7
7
7
7
7
7
7
B
a
s
e
b
a
l
l
/
S
o
f
t
b
a
l
l
F
i
e
l
d
s
1
6
1
6
1
6
1
6
1
6
1
6
1
6
1
6
1
6
1
6
S
w
i
m
m
i
n
g
P
o
o
l
s
5
5
5
5
5
5
5
5
5
5
F
i
s
c
a
l
Y
e
a
r
E
n
d
e
d
J
u
n
e
3
0