HomeMy WebLinkAboutAnnual Expenditure Limitation Report June 30, 1993 TOWN OP MARANA
Martina, Arizona
ANNUAL EXPENDITURE LIMITATION REPORT
Year Ended June 30, 1993
•
• Clifton,
ff Gunderson & Co.
Certified Public Accountants & Consultants
The Auditor General of the State of Arizona
and the Honorable Mayor and
Marana Town Council
Independent Auditor's Report
We have audited the general purpose financial statements of the
Town of Marana, Arizona, as of and for the year ended June 30,
1993, and have issued our separate report thereon dated October 8,
1993. We have also audited the accompanying Annual Expenditure
Limitation Report of the Town of Marana, Arizona, for the year
ended June 30, 1993. This Report is the responsibility of the
Town's management. Our responsibility is to express an opinion on
this Report based on our audit.
We conducted our audit in accordance with generally accepted au-
diting standards, Government Auditing Standards, issued by the
Comptroller General of the United States, and the provisions of
Office of Management and Budget (OMB) Circular A -128, Audits of
State and Local Governments. Those standards and OMB Circular A-
128 require that we plan and perform the audit to obtain reasonable
assurance about whether the Report is free of material
misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the Report. An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the
overall Report presentation. We believe that our audit provides a
reasonable basis for our opinion.
The aforementioned Annual Expenditure Limitation Report is pre-
sented on the basis of accounting prescribed by the Uniform
Expenditure Reporting System required by Arizona Revised Statutes
Section 41- 1279.07, which excludes certain expenditures specified
in the Arizona Constitution, Article IX, Section 20 from the total
expenditures reported in the general purpose financial statements.
Accordingly, the Report is not intended to be presented in
conformity with generally accepted accounting principles. This
Report is intended solely for filing with the State of Arizona and
should not be used for any other purpose.
In our opinion, the Annual Expenditure Limitation Report of the
Town of Marana, Arizona, for the year ended June 30, 1993, referred
to above presents fairly, in all material respects, the information
required by the Uniform Expenditure Reporting System prescribed by
Arizona Revised Statutes Section 41- 1279.07 on the basis of
accounting described in the third paragraph.
e , , 1-••• .- 6).
Tucson, Arizona
October 8, 1993 Members Of
i�l� ►:CIA\
1 INTERNATIONAL
AMERICAN INSTITUTE
OF CERTIFIED PUBUC
ACCOUNTANTS
ARIZONA COLORADO ILLINOIS INDIANA IOWA MARYLAND MISSOURI NEW MEXICO OHIO WISCONSIN
CITY /TOWN OF MARANA
Annual Expenditure Limitation Report - Part I
Year Ended June 30, 1913
1. Economic Estimates Commission expenditure
limitation $
2. Voter - approved alternative expenditure
limitation (Approved SEE NOTE 1 ) 3,151,426
3. Enter applicable amount from line 1 or line 2 $ 3,151,426
4. Amount subject to the expenditure limitation
(total amount from Part II, Line C)
1,148,857
5. Board- authorized expenditures necessitated
by a disaster declared by the Governor and
not approved by the voters (Article IX,
§20[2](a), Arizona Constitution)
6. Board- authorized expenditures necessitated
by a disaster not declared by the Governor
and approved by the voters (Article IX,
§20[2][b], Arizona Constitution)
7. Prior -year voter - approved expenditures to
exceed the expenditure limitation for the
reporting fiscal year (Article IX,
§20[2][c], Arizona Constitution)
8. Subtotal
1.1'8.857
9. Board - authorized excess expenditures for the
previous fiscal year not approved by the
voters (Article IX, §20[2][b], Arizona
Constitution) +
10. Total adjusted amount subject to the
expenditure limitation 1.148.857
11. Amount under (in excess of) the expenditure
limitation (If excess expenditures are
reported, provide an explanation.) $2,002,569
I hereby certify, to the best of my knowledge and belief, that the
information contained in this report is accurate and in accordance with
the requirements of the uniform expenditure reporting system.
Signature of Chief Fiscal Officer:
Name and Title: HTTRVTR E. DAVIS, Town Manager
Telephone Number: (602) 682 -3401 Date:
This Annual Expenditure Limitation Report should be read only in
connection with the accompanying notes.
2
.T Q 0 L( C1 O M o In S
4p N. -0 N 0 v
01 ('�1 . n ..,
w
..i �' h
N 00 1- CNI
C� e'
N ".
".
1 ' . .•-I t 4A-
44
✓ 4, u
N 10 ..-I
6 00
a
N 1r, C4
W
G
or
41r1
W
b
03
d
.r N $a
An -12 F- W Eft an d
'0 O
... r 0
au 0 00
r v N .0 L.
i u o. 4} I 4> 4. j 0
C GS,6
1 v 0) O
W
•• r M N Ri U
e� U CV 6 0 0 w o 0 Cd
v N Y. 4T ' d
G
C c 0
cn
0 o RS
r a % n 0) . iJ
'► w C u d .. �O 1� Oft L
►n a coo -.1. CV 0 Vi
� N at e.. .t
C W 0
N
O ....L Cr, Q « ri U
E.1 .- a i . .. '1y tU
r G> C c CO CO l* 0
r. W CO u . ? N • p. O
v W -a• W U
4-
0
o v r a s W c v 0 'r 1
E or E� o > Z
cE 4 v 0'0 N 0 v 0 'O C •.• 0 r-1
N E L .- v .r. M N .. 0 r' r+ t
N C �> x O C O .7 ate. �. O • 0 v L 1 N 0 .c > - . ..
= v Nor C 0.- r W a v 0
d 6 r- > W .. _ 0 A 0 •. W .0 6 C r C v . '0 v c s. o 0 +r r 7 0 Z v v E N« x
C .0 0 D 0/a. 0 u 6 Sor in r .0 -
O r u r 0 v a 4. ... Np r or O E-1
1 a
.0 EE 0 N v a L v r N Z. co 610 r 0 ... r 4.'
N C C•1 C C N 4. 0 •- A C C. C a+ r a1 0
c + v Cr or a 0 u a a '0 0 4 * or
O v O a.. 'O •0 tel 4. 0 u 1C P.• M 6 C 6 0 v
W W r 0C 02 • N.- C r .0 00I r a r E C
H «E-I a -. E E.' cw t 'o ..o 0 o r - cc 12 '0 '0
0 C0 C C Cr 0 v » ft -co r C 4. C ...4. O an 00. 4. v C al ...4
0 Z vZ 0 v a*Z r r...v o 0vv a 0. r a E a) 0.
E r E N v r .. C. > E. w W M E N O. C N .. _ -- C. & 0CC W
> C .0 a .r V a yr i al 07 4. a xra.
C ' W 6 W 6 6 0 r C a .r o.v '. 0 1Z .0 > > a c r v E
. E W W e .. N ... - 0 6. u u .. ., 0 u a c r -
fA fn S ..... v v}0 V r 0 v c r 4. 4. v a r N x N >. a. 0 a
.. v ET v *' 0 ' a >..r v0 5. 0 4. '0 a O. > u 0 4. v v L. N .c 0 ...
C
O C r v o v 0 0 r 0 v - v r
. C E . o L Jr C r•- ' u
r. 6 or or N '0 u 9. N > r L .- .0 .0 '0 a 0
0 u N [. W .7 0 .• r a 0 M. r E 6.0 {d •- O 4... 4... N
'0 v
C v.. p p 0 - � u a 0 0 al 0 r. .5.0 L V > 0 N or a C
i. 4)
.+ a C v N L N u 0 .- '00Z u L Wore W C = v 0 a N Z ..5 0
VM O v •- 6 ..4... C .r 4. 0O v v u. - N .- 6 N b ... r '0...
Or . - V > C 0 >6 N ¢ 0 C a s E L r a'0 N Z N W . a ++ a CO u .- N
a "" Z .. 0 L'0 NY L '*E a a x c0+ ' .+ •- 0.a of x d >>
v 'a .r vv c • -v N v Na0 201 u N 1.. a.r >. v ...tor or
r C. to or v a M.• v'* v M Nr r 1 r .6 a> a 1? v 1 ._S u
6 C or .0 0 0) 1 '0 • r r .. 0 0. C .- C '0 3+ 4. C> '. 0 4. r Z C x
0 X .0 . u'- r01 .r•4. N C C >v 3 N 0'O. .c v r 00 v> 0 a N ... v
p c .0 . 0 0 r .0 c > Z • a..« » alu u 0 a 0 c c •
u .. 0 i o
r v v '
0 v0 6 .d v0 L 6 L V e x . A9 0 00 0.0
C e p m a • - o. o o . - a o c> ca a v . Cr <- 0 S v 6 4.) cc 6 > a o. 0- C a
NI �+ us *Co 1. eo 0% . a
• IC • c.-) •
3
I
n M M
1--1 Lry N m
N 00 C
w
a cr. N N en v-4
O Ch
...1
N}
•
L N
a
v] In
C CO CO
^ ' 1
R
C 7-t
au i
•
W CO
.0 �
1.. 1► o 00
4 M 4.r 0
✓ 0.0 0• O
C O) O
0 41. W.. IY+ U
1 0 0
,i W
0 • 42 y a.+
a
O 7 0 o M a 3
... ,� r--
1. " • � 4 • C at 0 •r1
0 I 0 d> C at 1.1 A.7
Z� W G 0) 1+ 4,3- 0 0
3 C L N C
« y 4 CO 0 0
4 '.O P1 a
�' r - M U
15 w W
�+c 1.- re) 0
4 r-1 •1i
n 0 0
..1 .69- q t"".+
4 V} N <0 0
7
C 4 .. m M < CO
C N C u 4 •r1
< .� 4 4 .• N x 10 4 .
N .0.0 E44404 N NCN C E -
4 1► y w•... C ••• .a 4'0
N O 4 ...CN M
4 .0 C 4 O.0 ...J .
4 ..• M C M 4 ' 7 4 N 4.r
0. Z _• E N C C 0" 1 C 4 1. .=
4 M u....... ....... 0. -0104 O 0 0C4
Of r .. 4 4 Y 4 I, • 7 Y ••'1 4 O.0 ••
'0 C • 4 M 0...•'0 C •0 .. C .1. ... M X 1► ..1 1.
C ...•• N0CM64 M
4 M 1 r. O N 4 ....0 .i. 4 4 C. L 1. 1. M C •r 4 0 0.
.r • .• 4 C a 4 CO*. N 3 O 1. Y w 4 4 a C 4 .. Y 0 N
•C C D 0 M x 0.►. 4.• 4 •CN 0 0 E.06. Vo. .• C C
M.. 4 0'.^ - ..'p 4 '0 v 4 0 0 Y. AO Y S1. 0> O O
4 E 4 0..6"0 4 M C 0. 0 15 0 0.. .. •'0 1. 'O
1.0 4 L •4 14.11.104.1... .0444 4 >. N 0. C0 4 .+
5M VM 0..0 r. C 1e• C 0 C L 3 E ON 01 4
...0 4 w V 0 Y.4.94.• > 4 1.• 154 ... 1. + ••
.... 0014 .' EO r•M51 ... 44.• as 4•.. .- • 1:1 1.
'O »N C C4 N NC +• 4 • •D .•M ... oft 0 0,..wr a 0
C 2 •• • 0.0 0 '0'0 M .. C 0 ..0 � C, C C? ... 1 N C a. 0.
, 4 m 150th[ 40 4044 +4...41 0401..4 •• il. 4
O.'O4 C E m 4 NL N0.I. V4L 0. 0 4 MCC 4.0. 4 1..
*Si. • CO .
4 6 0 0.« r4•54C4•r X > « C »Ob ..o .•
4..Y .- .. s : • .... ah . 000C 0 0 i.. 61 C C 0 N
C ..^ W s w ... .r0. <.. .. ..
0 • 61 .• C
• O. C O 0
.. • •.• .0 • ' • 0
0 4. .• 4 ea. N f•1 4' 1!1 '0 N el Q 0
- p < <
< m V O
4
TOWN OF MARANA, ARIZONA
NOTES TO ANNUAL EXPENDITURE LIMITATION REPORT
Year Ended June 30, 1993
NOTE 1 - VOTER - APPROVED ALTERNATIVE EXPENDITURE LIMITATION
On March 26, 1985, as extended, the voters approved an alternative
expenditure limitation process for the Town of Marana that would
allow the Mayor and Council to adopt an annual expenditure limita-
tion each year For fiscal 1993, this alternative expenditure
limitation equaled the budget of $3,151,426, which was formally
adopted on June 30, 1992. It should be pointed out that the
alternative expenditure limitation approved by the Town allows the
Constitutional exclusions to be taken.
NOTE 2 - BOND PROCEEDS
During fiscal 1993, the Town of Marana Municipal Property
Corporation, a component unit of the Town of Marana, issued revenue
bonds in the face amount of $315,000. During fiscal 1993, these
bond proceeds were used to purchase $255,750 in fixed assets and to
expend $28,620 in bond issuance costs for total bond proceed
related expenditures of $284,370.
NOTE 3 - DEBT SERVICE REQUIREMENTS ON BONDED INDEBTEDNESS
This exclusion claimed in the General Fund and Enterprise Funds
consists of interest expense.
NOTE 4 - INTEREST
This exclusion claimed in the General Fund is for interest income
earned for investments held by trustee /fiscal agents for the 1992
bonds issues, which were recorded as other income.
NOTE 5 - HIGHWAY USER REVENUES IN EXCESS OF FISCAL 1979 - 1980
Highway user revenues received in
fiscal 1992 -1993 164.173
Highway user revenues expended in
fiscal 1992 -1993 $ 164,173
Fiscal 1979 -1980 base ( 28.724)
135,449
Less amount excluded as debt service ( 8.546)
Total $ 126.903
This information is an integral part of the accompanying
Annual Expenditure Limitation Report.
5