Pima County June 30, 2005 Report Highlights-Financial Audit

Pima CountyREPORTHIGHLIGHTS County’s CondensedFINANCIAL STATEMENT AUDIT Financial InformationSubjectPima County issues aThe County’s government-wide financialComprehensive Annual Statement of Net Assets Financial Report. The statements are designed to provide June 30, 2005 County is responsible for readers with a broad overview of the (In millions) preparing financial County’s finances in a manner similar tostatements, maintaining Total private-sector businesses. Thesestrong internal controls, Governmental statements report the financial activities ofand demonstrating and the overall government, except foraccountability for its use Business-type Activities of public monies. As the fiduciary activities.Assets: auditors, we determineCurrent and other assets $ 469 whether the County has The tables to the right present a Capital assets 1,655 met its responsibilities.summarized version of the County’s Total assets 2,124 Liabilities: government-wide Statement of NetOur ConclusionCurrent liabilities 123 Assets and Statement of Activities for its Noncurrent liabilities 630 The information in the governmental and business-type activities Total liabilities 753 financial statements is reported in the current year financial Net assets: fairly stated in all Invested in capital assets, statements.material respects and net of related debt 1,199 the financial statements Restricted net assets 118 can be relied on. Also, The Statement of Net ...