The sources of revenues for Maricopa County as identified in the budget are General, Special revenue, Debt Services, Capital projects and Internal services ("Maricopa.gov", 2021).
1. General sources
The general sources of revenues are further divided into sub categories. The sub categories include;
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a) Property Taxes – refers to the taxes that are charged on general properties
b) Tax penalties and interest – refers to the penalties that the county charges on persons that fail to remit their taxes and interests on delayed payments.
c) License and permits – refers to the amounts that are collected when the county authorities issue permits for businesses to set up operations in the county.
d) Intergovernmental state – refers to revenue that emanates from the rendering of services between different arms of the government.
e) State shared sales tax - this is the share of revenues that emanates from the state of Arizona to facilitate the operations of the county.
f) Donations – this are donations that are made directly to the county from different agencies and persons.
2. Special Revenue
The sources of revenues in this category include
a) Interest income – This is income that arises as a result of the county investing in some of the assets e.g., ownership of shares
b) Sale of assets- The county can sale some of the assets on its disposal to gain extra revenues.
c) Patient service revenue- county governments – Counties offer health services and as a result of this they receive revenues from offering these services.
3. Debt Services - This category includes transfers in
4. Internal services
a) Intergovernmental charges for services
b) personal services
c) supplies.
Trend Analysis
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Revenues |
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| General | Special Revenue | Debt Service | Capital Projects | Internal Service | Total | |
| 2020 | 1292099728 | 1142082163 | 25288472 | 1094232474 | 284134043 | 3609361801 |
| 2021 | 1540421411 | 1276001314 | 98331505 | 171054464 | 283189904 | 3368998598 |
| 2022 | 1630168001 | 1453637039 | 107755030 | 450631803 | 310264883 | 3952456756 |
In the year 2020 the main sources of fund for the county were the General sources category that contributed to 34% of the total revenue, Special revenue contributed to 30%, capital projects 28%, internal services at 7% and debt services with 1%.
In the year 2021 the main source of revenue was general sources at 46% followed by the special revenues at 38%, internal services at 8%, capital projects at 5% and finally the Debt services at 3% of the total revenues.
In the year 2022 the mains sources of revenues is expected to be the General sources that are contributing to 41% of the total budget followed by the special revenue sources at 37%, capital projects at 11%, general projects at 8% and finally the debt services at 3%.
Overall trend of revenues for the three years
The budgeted total revenue of Maricopa County was projected to at 3609361801 in the year 2020. The budgeted total revenue dropped from 3609361801 to 3368998598 in the year 2021. In the year 2022 the total revenue improved significantly to 3952456756.
Projected surplus Revenues
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Surplus |
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| General | Special Revenue | Debt Service | Capital Projects | Internal Services | Total | |
| 2021 | 150615221 | 31302798 | 657022361 | 19395367 | 853335747 | |
| 2022 | 161466384 | 38949797 | 808259795 | 49038437 | 1057714413 | |
The revenue surplus for the year 2021 was 853335747. The surplus is projected to increase from the year 2021 to the year 2020 to 1057714413. As the county budget continues to increase it is impossible for the county governments to utilize 100% of these revenues. The net impact of this is that the surplus revenues will continue to increase.
Ethical practices
The Maricopa County has purposed to make ethical behaviour a fundamental principle of its policies and taxation laws ("Maricopa.gov", 2021). All persons and enterprises operating within the county are expected to pay the taxes that are due to them by the law. The laws established also require people to pay taxes according to their potential and ability. The poor will pay low taxes while the rich pay higher taxes. This policy is aimed at ensuring that there is equity and equality in the payment of the taxes.
Some of the laws that have been put in place to ensure that there is no favoritism in the payment of taxes include; employees of the county are not allowed to receive gifts from outside parties (Nicolaus Tideman & Plassmann, 2015). This law is aimed at ensuring that the employees of the county are able to ensure that all the people are able to pay the taxes that are due to them without favors from the county.
All the employees within the county are expected to execute their duties in a a fair and equitable manner. Persons that have been placed in positions of responsibilities are not expected to use power that exceeds their authority that would result in situations where any taxpayers receive special treatments when it comes to the payment of taxes. People should also not be treated special or differently depending on their skin color or race. Generally, the taxation regulations implemented by the county are meant to ensure that all people pay their taxes fairly in the right amounts and that all people receive equity and equality.
References
Maricopa.gov. (2021). Retrieved 1 June 2021, from https://www.maricopa.gov/ArchiveCenter/ViewFile/Item/4784
Nicolaus Tideman, T., & Plassmann, F. (2015). Sources of Public Revenue that Make Nations Richer. Economic Affairs , 35 (2), 197-214. doi: 10.1111/ecaf.12116
