Maricopa County Risk Management
222 North Central Avenue, Suite 1110
Phoenix, Arizona 85004

Phone: 602-506-6041
Fax: 602-506-6290

The Administrative Division is responsible for procuring the insurance policies above the County's self-insured retention, providing certificates of insurance to County departments, preparing the annual user charges for services, preparing the annual budget and financial statements for the Trust, and providing administrative support to the other divisions within the department. Included in this report is a comparison of the assets and liabilities of the Trust over a three-year period, the trend of the current insurance market, a budget summary, and the financial statements through fiscal year ended June 30, 2007.

The Administrative Division has complied injury and claim activity for the fourth quarter measures of FY2006-07 which are used by the Claims and Safety Divisions in assisting departments with injury and claims reduction. Please click on the following link to review these summaries: ACTIVITIES

We have placed 5 years of Annual Reports and 5 years of Audited Financial Statement Reports in our Library. All are in a downloadable PDF format. All the financial statements presented in these documents have been audited by the State of Arizona, Office of the Auditor General, and have been included in the County's Annual Financial Reports (CAFR).

Click here to view the latest Annual Report

Click here to view the latest Audit of Financial Statements

During the FY04-05 through FY06-07 period, the Trust's assets decreased $5,819,287, or 14.92%, from $39,013,788 to $33,194,501. During the same period, the Trust's liabilities increased $7,491,110, or 14.48%, from $51,716,639 to $59,207,749. Net assets (deficits) are a result of a spend down of the self-insured trust fund in a prior period, where user departments were only charged for administrative costs while claims and insurance were still being paid by Risk Management on behalf of these user departments. FY06-07 balance sheet details are provided in the financial section. The Trust began billing user departments for the full costs of claims and insurance in FY99-00.

Risk Management continues to analyze current insurance market trends. It is expected that insurance premiums in all lines of coverage will increase somewhat, but the "hard" market of the last few years may be abating. It is projected that potential increases in annual premium costs will not be as great as in the past years. Risk Management will continue working closely with our insurance broker to aggressively pursue reasonable insurance coverages to protect Maricopa County.

Last updated: 21 July 2008, mdb