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Home My WebLink AboutReport on examination of accounts June 30, 1978 TOWN OF MARANA, ARIZONA REPORT ON EXAMINATION OF ACCOUNTS JUNE 30, 1978 RIORDON, CROUSE & SCHIEVER CERTIFIED PUBLIC ACCOUNTANTS VALLEY NATIONAL BUILDING TUCSON, ARIZONA h g 4. BC TOWN OF MARANA, ARIZONA TABLE OF CONTENTS Auditors' Report Exhibit A - Combined Balance Sheet Exhibit B - Combined Statement Of Changes In Fund Balances Exhibit C - Statement Of Changes In General Fixed Assets Exhibit D - Statement Of Revenue - Estimated And Actual Exhibit E - Statement Of Expenditures Compared With Authorizations Exhibit F - Analysis Of Expenditures - General Fund And Highway User Revenue Fund Notes To Financial Statements 1 1 1 RIORDON, CROUSE & SCHIEVER CERTIFIED PUBLIC ACCOUNTANTS ROBERT B.RIORDON,C.P.A. CASPER A. CROUSE, C.P.A. 705 VALLEY NATIONAL BUILDING (602) 622 -6471 LAWRENCE SCHIEVER, C.P.A. TUCSON, ARIZONA 85701 Honorable Mayor And Town Council Town Of Marana, Arizona We have examined the financial statements of the various funds and account groups of the Town Of Marana, Arizona, for the year ended June 30, 1978, listed in the foregoing table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the aforementioned financial statements present fairly the financial position of the various funds and account groups of the Town Of Marana, Arizona, at June 30, 1978, and the results of operations of such funds for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. October 9, 1978 TOWN OF MARANA, ARIZONA COMBINED BALANCE SHEET JUNE 30, 1978 Exhibit A Special Revenue Funds Antirecession Highway Fiscal General General User Assistance. Fixed Fund Fund Fund Assets ASSETS ash $ 9,430 $ 1,740 $ 1,046 accounts Receivable 68 `achinery And Equipment $24,371 Total $ 9,498 $ 1 ,740 $ 1 ,046 ,$24 371 i r LIABILITIES AND FUND BALANCES iabilities: Accounts payable $11,617 $ 1,554 Payroll taxes payable 1,305 109 ,Investment In Fixed Assets (Exhibit C) $24,371 'und Balance (Deficit) (Exhibit B) (3,424) 77 $; 1,046 - Total $ 9,498 $ 1,740 $ 1,046 $24,371 gee Notes To Financial Statements TOWN OF MARANA, ARIZONA COMBINED STATEMENT OF CHANGES IN FUND BALANCES JUNE 30, 1978 Exhibit B Special Revenue Funds Antirecession Highway Fiscal Other General. User Assistance Federal ' Fund Fund Fund Grants 'und Balance (Deficit) July 1, 1977 $ (4,719)$ 4,504 $ - $ - ,dd : f Excess of Revenue over Expenditures: Revenue (Exhibit D) $124,581 $25,231 $ 1,855 $64,069 Expenditures (Exhibit E) 123,286 29,658 809 64,069 $ 1,295 $(4,427)$ 1,046 $ - 'und .Balance (Deficit) I June 30, 1978 $ (3,424)$ 77 1,046, $ - r See Notes To Financial Statements TOWN OF MARANA, ARIZONA STATEMENT OF REVENUE - ESTIMATED AND ACTUAL FOR THE FISCAL YEAR ENDED JUNE 30, 1978 Exhibit D Actual Estimated Actual Over (Under) Revenue Revenue Estimated feral Fund Fines, forfeitures and penalties: Town court fines $ 5,550 $ 20,883 $ 15,333 ether agencies: Auto lieu taxes - state $ 13,040 $ 11,140 $ (1,900) Sales taxes state 84,260 54,002 (30,258) State revenue sharing 23,420 27,796 4,376 Justice planning - 10,760 10,760 Federal revenue sharing 5,730 - (5,730) Total other agencies $ 126,450 $103,698 $ (22,752) a Total general fund $ 132,000 $124,581 $ (7,419) ghway User Revenue Fund Gasoline tax $ 29,700 $ 25,064 $ (4,636) Interest - 167 167 Total highway user fund $ 29,700 $ 25,231 $ (4,469) tirecession Fiscal Assistance Fund Federal grants $ - $ 1,855 $ 1,855 her Federal Grants Fund Grants and contributions on federal programs $ - $ 64,069 $ 64,069 ta1 . $ 161,700 $215,736 $ 54,036 e Notes To Financial Statements TOWN OF MARANA, ARIZONA STATEMENT OF EXPENDITURES COMPARED WITH AUTHORIZATIONS FOR THE FISCAL YEAR ENDED JUNE 30, 1978 Exhibit E Over (Under) Fund /Function /Activity Appropriations Expenditures Appropriations general Fund General government administration: Mayor and council $ 470 $ 445 $ (25) Town clerk (Exhibit F) 17,830 17,394 (436) Public safety: Town court 1,860 964 (896) Police (Exhibit F) 102,940 80,638 (22,302) Legal 3 3 , 683 (3 7) Street and engineering 220 16,672 16,452 Elections 930 520 (410) r Contingencies 4,030 2,970 (1,060) $ 132,000 $ 123,286 $ (8,714) Iighway User Revenue Fund Street expenditures } (Exhibit F) $ 29,700 $ 29,658 $ (42) intirecession Fiscal Assistance Fund Public safety: Supplies $ - $ 809 $ 809 )ther Federal Grants Fund General government: Public safety: Salaries and supplies $ - $ 42,304 $ 42,304 Highways and streets: Salaries and supplies $ - $ 21,765 21,765 $ - $ 64,069 $ 64,069 rotal $ 161,700 $ 217.822 $ 56,122 3ee- _Notes To Financial Statements TOWN OF MARANA, ARIZONA SCHEDULE OF EXPENDITURES GENERAL FUND AND HIGHWAY USER REVENUE FUND FOR THE FISCAL YEAR ENDED JUNE 30, 1978 Exhibit F feral Fund Cown clerk: Salaries $ 7, 200 Payroll taxes and insurance 834 Office supplies and printing 4,551 Rent Utilities 1,073 Telephone 547 Vehicles 1,069 Publications 442 Insurance 786 892 Total $17,3 Police: Salaries 4 Payroll taxes and insurance $45,7 Small equipment 5,7333 3 Supplies 2,514 Fuel services and tires 4,302 Maintenance and repairs: 5,516 Communications Vehicles 648 Equipment rental 1,684 Insurance 605 Uniforms 964 Capital outlay 9 Miscellaneous 9 ,184 3760 Total :81:::56511-3;08'; 5 ghway User Revenue Fund Salaries' General administration Construction Street maintenance Gas, oil, repairs, shop expenses New equipment 7,902 Traffic services 13,583 649 Total $29,658 A. e Notes To Financial Statements' x , -,, F� ,s "' ` `fie#,, , , + s^ "'''''''',17 ` 't #E ' '�9 .jt TOWN OF MARANA, ARIZONA NOTES TO THE FINANCIAL STATEMENTS JUNE 30, 1978 ) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Method Of Accounting The Town of Marana, Arizona, maintains its books and records on the modified accrual basis of accounting. The modified accrual basis of accounting recognizes expenditures on an accrual basis, but revenue are recognized when received, except for material revenue determined to be both measurable and available. Grant Receivable Grant expenditures are generally recorded in special revenue funds. The Town of Marana, Arizona, follows the policy that, if expenditure of funds is the prime factor for determining eligi- bility for the grant funds, revenue is recognized at the time of making the expenditure. Fixed Assets General fixed assets are recorded as expenditures in the fund purchasing such assets. Such assets are accounted for and controlled in the general fixed asset group of accounts at cost, and contributed property is recorded at the fair market value at the time received. In accordance with accepted principles of municipal governmental accounting, no provision for depreciation is made for general fixed assets. 2) GENERAL COMMENT The town of Marana did not levy a general property tax. No expenditures were made for any municipal utility undertaking. gym..