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Home My WebLink About1978 Financial Statement June 30 � � � TOWN OF MARANA, ARIZONA � REPORT ON EXAMINATION OF ACCOUNTS JUNE 30, 1978 . RIORDON, CROUSE & SCHIEVER ' ` '' CERTIFIED PUBLIC ACCOUNTANTS VALLEY NATIONAL BUILDING TUCS.ON� ARIZONA n_..:�. � : - _ � ., - �.._..�._,... < w —: r � i i r . �� h �' �` - 1 ��. ' Y , � ; 6b � � c c �: H �r �, � t.: , � ` ' i _ r' TOWN OF h1ARANA, 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 RIORDON� CROUSE & SCH[EVER CERTIFIED PUBLiC ACCOUNTANTS 705 VALLEY NATIONAL BUILDING (602) 622 TUCSON AR120NA 8570! Honorable Mayor And Town Council Town Of Marana, Arizona ROBERT B.RioROON,C.P.A. CASPER A.CROUSE�C.P.A, LAWRENCE SGHIEVER�C.P.A. 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 d 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 f or the year then ended., in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. �-�L.11-�Ct� ��.�LQ.. �`'��i�.4'.t,L{iV October 9, 1978 � � -I TOWN �F MARANA, ARIZONA COI��IB INED BALANCE SHEET JUNE 30, 1978 Exhibit A Special Revenue Funds Antirecession Highway Fiscal General General User Assistance Fixed Fund Fund Fund As= ASSETS $ 9,430 $ 1,740 $ 1,046 ash 68 ccounts Receivable $24,371 :achinery And Equipment Total $ 9,498 $ 1� $ 1,046 2� LIABILITIES AND FUNL� BALANCES �iabilities: Accounts payable Payroll taxes payable I , :nvestment In Fixed . Assets (Exhibit C) $11,61? $ 1,554 1,305 109 'und Balance (Deficit) (Exhibit B) Total 0 $24,371 (3 , 424 )?? $ 1, 046 -- � ��740 � 1,_046 $24�, 3 71 �ee Notes To Financial Statements TOWN OF �ARANA, ARIZONA CONIBINED STATE�ENT OF CHANGES IN FtTND BAL�NCES JUNE 30, 1978 Exhibit B 'und Balance (Deficit) July 1, 1977 Special Revenue Funds Antirecession Hiahway Fiscal Other General User Assistance Federal Fund Fund Fund Grants $ (4,719 4,504 $ - $ - ,dd : 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) � June 30, 1978 I / (3 424 )� 77 $ 1, 046 � See Notes To Financial Statements 1 � _ __ � TOjY`N OF MARANA, ARiZON�� i STATEM�NT OF REVENITE - ESTI�LATED AND ACTUAL FOR THE FISCAL YEAR ENDED JU1vE 30, 1978 Exhibit D A�tual Estimated Actual Over (Under) Revenue Revenue Estimated - Zeral Fund �ines, forfeitures and penalties: Town court fines �ther agencies : Auto lieu taxes - state Sales taxes - state State revenue sharing Justice planning Federal revenue sharing Total other agencies �a Total general fund �hway User Revenue F�und Jasoline tax Interest Total highway user fund tirecession Fiscal Assistance Fund Federal grants her Federal Grants Fund Grants and contributions on �ederal programs - tal e Notes To Financial Statements $ 5,550 $ 20,883 $ 15,333 $ 13,040 $ 11,140 $ (1,900) 84,260 54,002 (30,258)I 23,420 27,796 4,376 - 10,760 10,760 5 730 - (5,730 � $ 126,450 $103,698 $ (22,752 $ 132,000 $124,581 � (7,419) 29 700 Q 25 064 $ (4,636) I � 7 Y' . 7 - 167 167 !- $ 29,700 $ 25,231 $ (4,469 � $ - $ 1,855 $ 1,855 $ - $ 64;069 $ 64,069 ' $ 161,700 $215,736 $ 54,036 TOWN OF MARANA, ARIZQNA STATEMENT OF EXPENDITURES CONIPARED WITH AUTHORIZATIONS FOR THE FISCAL YEAR ENDED JUNE 30, 1978 Exhibit E Over (Under) Fund/Function/Activity Appropriations Expenditures Appropriations xeneral Fund General government administration: Mayor and council Town clerk (Exhibit F) Public safety : Town court Police (Exhibit F) Legal Street and engineering Elections Contingencies iighway User Revenue Fund Street expendi.tures 7 $ 470 $ 445 $ (25) 17,830 17,394 (436) ' 1,860 964 (896)'' 102,940 80,638 (22,302)', 3, 720 3, 683 (3 7) 220 16,672 16,452 930 520 (410) 4,030 2,970 (1,060)' $ 132,000 $ 123,286 $ (8,714) (Exhibit F) $ 29,700 $ 29,658 $ (42)' �ntirecession 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 Cotal $ - $ 64,069 $ 64,069 ' $ 161,700 $ 217._8�22 $ 56�122 ' iee Notes To Financial Statements TOjYN OF M.ARANA, ARIZONA SCHEDULE OF EXPENDITURES GENERAL FLiVD AND HIGHTNAY US�R REV�Eiv"LTE Fti�iD FOR THE FISCAL YEAR ENDED JUNE 30, 1978 ieral Fund Co��n clerk : Salaries Payroll taxes and insurance Office supplies and printing Rent Utilities Telephone Vehicles Publications Insurance Total Police : Salaries ` Payroll taxes and insurance Small equipment � Supplies Fuel services and tires Maintenance and repairs: Communications Vehicles Equipment rental Insurance Uniforms C�.pital out lay Miscellaneous Total ;hway User Revenue Fund 3alaries :�eneral administration �onstruction 5treet maintenance ias, oil, repairs, shop expenses 1ew equipment Craffic services Total I � Notes To Financial Statements Exhibit F $ 7,200 834 4,551 1, 073 54 7 1, 069 442 786 892 ' $17,394 . $44`, 218 5, 733 2,514 4 , 302 ; 5, 516 64 8 1, 684 ' 605 ' 964 1, 510 9 ,184 ' 3,760 $80,638 $ 578 : 95 4,433 ' 2 , 418 i 7,902 13, 583 , 649 $29,658 � '�`��F. � w.�r �' ' � � "�','�,-� �; ,.1.^'�� _.;� �'` - - . �';; � i•� � � I � TOWN OF h�RAN9, ARIZONA NOTES TO THE FINaNCIAL STATEI4IENTS JLiTTE 30, 1978 ) SUMh1ARY 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 accouated 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. GENERAL COMM�NT The town of Marana did not levy a general propertp tax. No expenditures were made f or any municipal utilitp undertaking. �