State of Arizona June 30, 2007 Report Highlights - Single Audit

State of ArizonaSingle Audit Report REPORTHIGHLIGHTS Expenditures of Federal MoniesSINGLE AUDITIncreased by $365 MillionSubjectThe State of Arizona spent $9.7billion of federal monies forfederal programs During fiscal year 2007, the Stateadministered, by 46 state State Agencies that Administer Federal Awardsspent $9.7 billion of federal monies.agencies. The largest awards (In Millions)As shown in the chart to the right,were for welfare, education,seven entities administered 97student financial aid, highwaypercent of these monies.construction, research and Health Servicesdevelopment, and health $325 Water Infrastructure Other Agenciesservices. The State must be Overall, expenditures increased Finance Authority $337 accountable for its use of both$245 $365 million, or 4 percent, from thefederal and state monies, Transportation$9.4 billion expended in fiscal yearmaintaining strong internal $407 2006. The largest increasecontrols, and compliance withEducationfederal program requirements. occurred in programs for indigent$898 AHCCCSmedical care, child nutrition andOur Conclusion $4,727unemployment insurance.UniversitiesCombined expenditures for theseDuring the compliance audit, $993programs increased by $359 million27 federal programs weretested. The State maintained from the prior year. This increaseEconomic Securityadequate internal controls over, was attributable to inflationary $1,800 and complied with, the federal increases in healthcare and ...