Maricopa County June 30, 2003 Report Highlights Financial Audit

Maricopa CountyREPORT Medical CenterHIGHLIGHTSFINANCIAL STATEMENT AUDIT Financial ConditionImprovesSubjectMaricopa County issues a The Medical Center’s financial condition other county funds to represent aComprehensive Annual improved as evidenced by reductions in temporary loan from the County GeneralFinancial Report. Theoperating losses, cash deficits, and Fund.County is responsible forcounty subsidies, as shown in the figurepreparing financialstatements, maintaining below. The Medical Center has The County has subsidized the Medicalstrong internal controls, experienced operating losses over the Center since fiscal year 1994 through theand demonstrating past decade. However, the fiscal year County General Fund and the Maricopaaccountability for its use2003 operating loss is 29 percent less Integrated Health System (MIHS). Theof public monies. As thethan the prior year. The reduced Medical Center is a component of theauditors, our job is todetermine whether the operating loss compared to last year MIHS. Fiscal year 2003 county subsidiesCounty has met its primarily resulted from a 10 percent are 46 percent less than the prior year.responsibilities. patient population growth and a 10 During fiscal year 2003, the Countypercent rate increase for patient services, authorized $36.0 million in transfers toOur Conclusionhome health, and attendant care. cover indigent healthcare costs, $19.4The information in the million of these subsidies originated ...