HomeMy WebLinkAbout1999 Financial Statement June 30� (> ;`±� � S 1 s {
s' .
�;
f
. � :
� &
�
.
+�i. �> }, f �t �>,
^,t:
TABLE OF CONTENTS
INTRODUCTORY SECTION
Pa�e
Letter of Transmittal I
......................................................
Town of Marana Officials .............................................................................. VIII
Town of Marana Organizational Chart .......................................................... IX
GFOA Certificate of Achievement •••••••••••••••••••• X
............................................
FINANCIAL SECTION
Opinion of the Certified Public Accountant .
General Puruose Financial Statements
......................................... 1
hibi
Combined Balance Sheet - All Fund Types and
Account Groups ............................................................ 1
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - All Governmental Fund
Types ............................................................................. 2
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual- General
and Special Revenue Funds .......................................... 3
Combined Statement of Revenues, Expenses and
Changes in Equity - All Progrietary Fund Types.......... 4
Combined Statement of Cash Flows - All Proprietary
FundTypes .................................................................... 5
Notes to Combined Financial Statements ........................ -
Required Supplemental Information ................................ -
Year 2000 Issue ............................................................. -
3 Combining� Individual Fund �nd Aecount Groun
�tatements and Schedules
General Fund
Comparative Balance Sheets .........................................A
Statement of Revenues, Expenditures and Changes
in Unreserved Fund Balance - Budget and Actual......A-2
Special Revenue Funds
Combining Balance Sheet .............................................B
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances ..........................................B
1998 Community Development Block Grant - Statement
of Revenues, Expenditures and Changes in Fund
Balance - Budget and Actual �'
......................................B
Kj
:!
��
C7
7
9
35
36
37
38
43
45
47
TABLE OF CONTENTS
Combinin� Individual Fund and Account Grou�
Statements and Schedules (Continued) x i it
Special Revenue Funds (Continued)
HOME Program - Statement of Revenues, Expenditures
and Changes in Fund Balance - Budget and Actual....B-4
COPS Grant - Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual ..........B-5
CJEF Court Fund - Statement of Revenues, Expenditures
and Changes in Fund Balance - Budget and Actual....B-6
RICO - Statement of Revenues, Expenditi�res and
Changes in Fund Balance - Budget and Actual ..........B-7
GITEM - Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual..........B-8
HIDTA - Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual..........B-9
MANTIS - Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Acttzal..........B-10
Auto Theft - Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actt�al ..........B-11
LTAF - Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual ..........B-12
Highway User Revenue - Statement of Revenues,
Expenditures and Changes in Fund Balance -
Budget and Actual .......................................................B-13
�AG 15% Funds - Statement of Revenues, Expenditures
and Changes in Fund Balance - Budget and Actual....B-14
Capital Projects Funds
� Combining Balance Sheet ............................................
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances .........................................
C-1
��
Enterprise Funds
Combining Balance Sheet .............................................D-1
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances ..........................................D-2
Combining Statement of Cash Flows ...........................D-3
Comparative Balance Sheets - Water Fund ..................D-4
Statement of Revenues, Expenses and Changes in Fund
Equity - Water Fund - Budget and Actual ..................D-5
Page
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
TABLE OF CONTENTS
Combining, Individual Fund and Account Grou�
Statements and Schedules (Continued) xh' it
General Fixed Assets Account Group
Comparative Sehedule of General Fixed Assets by
Source .........................................................................E-1
Schedule af General Fixed Assets - By Function
andActivity .................................................................E-2
Schedule of Ghanges in General Fixed Assets -
By Function and Activity ............................................E-3
STATISTICAL SECTION (Unaudited) Table
General Government Expenditures by Function -
Last Ten Fiscal Years ...........................................................I
General Revenues by Source - Last Ten Fiscal Years ...........II
Assessed and Estirnated Value of Ta�able Property -
Last Ten Fiscal Years ...........................................................III
Property T� Rates - Direct and Overlapping Governrrients -
(Per $100 of Assessed Value) - Last Ten Fiscal Years........IV
Computation of Legal Debt Margin General Obligation
Bonds ...................................................................................V
Computation of Direct and Overlapping Debt .......................VI
Lease Revenue Band Coverage - Last Ten Fiscal Years .......VII
Demographics........................................................................VIII
Property �Jalue, Construction, and Bank Deposits -
Last Ten Fiscal Years ...........................................................IX
Miscellaneous Statistical Data ...............................................X
Pa�e
67
68
69
71
72
73
74
75
76
77
78
79
80
�
—
�
� � �,
MARANA
/I�
TOWN OF MARANA
December 30, 1999
The Honorable Mayor and Council
Town of Marana, Arizona
The Comprehensive Annual Financial Report (CAFR) of the Town of Marana for the year ended June 30,
1999 is hereby submitted.
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a
Certificate of Achievement for Excellence in Financial Reporting to the Town of Marana for its
comprehensive annual financial report for the fiscal year ended June 30, 1998. The Certificate of
Achievement is a prestigious national award recognizing conformance with the highest standards for
preparation of state and local government financial reports.
To be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently
organized comprehensive annual financial report, whose contents conform to program standards. The CAFR
must satisfy both generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. The Town of Marana has received a
Certificate of Achievement for the last three consecutive fiscal years ended June 30, 1998, 1997 and i996.
We believe our current report continues to conform to the Certificate of Achievement program requirements,
and we are submitting it to the GFOA.
The CAFR has been prepared under the direction of Mr. Roy Cuaron, Finance Director, in coardination with
the Town's special consultant, Mr. Ron Kovar, CPA and the Town's auditors, Clifton Gunderson L.L.C.
RPsponsibility for the accuracy of the data, and the completeness and fairness of the presentation, including
all disclosures, rests with the Town. To the best of our knowledge and belief, the data contained in the CAFR
is accurate in all material respects, and is reported in a manner designed to present fairly the financial position
and results of operations of the various funds and account groups of the Town. All disclosures necessary to
enable the reader to gain an understanding of the Town's financial activities have been included.
The CAFR is presented in three sections: Introductory, Financial and Statistical. The Introductory Section
includes this transmittal letter, a listing of principal Town officials and staff and the Town's organizational
chart. The Financial section includes the auditor's opinion on the financial statements and schedules, the
general purpose financial statements, footnotes, and required supplemental information and the combining
statements and schedules by fund and account group, which provides additional detailed information. The
Statistical Section includes selected financial and demographic information, generally presented on a multi-
year basis to demonstrate trends.
THE REPORTING ENTITY AND ITS SERVICES
Back�round
Located in northern Pima County, the Town of Marana is one of the fastest growing communities in Arizona.
Nlarana straddles Interstate 1Q and is only 10 miles north of downtown Tucson and 90 miles south of
downtown Phoenix.
I
13251 N. LON ADAMS ROAD � MARANA, ARIZONA 85653 � PHONE: (520) 682-3401 s FAX: 682-2684
Marana's original incorporation covered approximately ten square miles. Today, the Town boundaries
encompass over seventy-five square miles with a population base in excess of ten thousand.
In its infancy, the Town was primarily a rural, agricultural community. However, through annexations and
planned growth, the Town is now home to several residential, commercial and industrial developments.
Legislative authority for the Town of Marana is vested in a seven-member Mayor and Council. Voters of the
Town directly elect the Mayor. Council-members serve four-year staggered terms.
The Council fixes the duties and compensation of Town officials and employees, and enacts ordinances
and resolutions relating to Town services, taxes, appropriating and borrowing moneys, licensing and
regulating businesses and trades and other municipal purposes. The Town Council appoints the Town
Manager who has full responsibility for executing Council polices and administering Town operations. Town
employees are hired under personnel rules approved by the Council. Functions and operations of the Town
government are provided by a staff of approximately 160 employees.
The combined financial statements of the Town include all governmental activities, organizations and
functions for which the Town is financially accountable as defined by the Governmental Accounting
Standards Board. Based upon these criteria, the Town of Marana Municipal Property Corporation is included
in this report.
Services Provided
The Town provides a range of services that include police, water, construction and maintenance of streets and
roads and other infrastructure, flood control, low-income housing, recreational activities and eultural events.
ECONOMIC CONDITION AND OUTLOOK
Current Condition
The fiscal �ondition of the Town of Marana continues to demonstrate significant growth and improvement.
At June 30, 1999, the unreserved, general fund balance was $14.2M, an increase of nearly 40% from the
previous fiscal year. This continues a trend of the past several years that has resulted in an average increase
of approximately 35% in the unrestricted, general fund balance over last four fiscal years.
T!�e primary contributing factors to the fiscal improvement and economic prosperity continue to be a strong
national and local economy, prudent fiscal management, responsive customer service and a philosophy and
attitude that promotes and encourages economic development
Sales tax revenues, which account for 66% of total revenues, increased by 32°Io from fisca197-98. An
expanded tax base that saw the opening of several new business establishments (Home Depot, Super 8 Motel,
Discount Tire, OfficeMax, Office Depot) contributed in excess of $260K, or 10% of the increase. The
balance may be attributed to the growth in the business activity amongst the other taxpayers of the Town.
The strength of the national economy continues to favorably impact the Town's local home-building
industry. With interest rates remaining steady, and an abundant supply of developable land� the Town
continues to experience growth in the residential and commercial markets, as evidenced by the 61% increase
in licenses, fees and permits in FY 99 over FY 98.
The importance of sound, prudent fiscal management practices is paramount to the significant improvement in
the Town's financial position. The budgetary process, which provides the framework which allocates the
Town's fiscal resources in a fiscally prudent manner, and continuing with monthly reporting and monitorin�
of budget variances, ensures that total spending remains within approved budgetary levels and within
available financial resources. To wit, while total general fund expenditures, including full funding of the tirst
year's Capital Improvement Plan, increased by 4% over FY 98, total Qeneral fund revenues increased by
37%. �
II
,
,
� The Marana Town Council, through the establishment of clear and concise polices on growth management,
assures that expansion of the Town boundaries occurs when an economic benefit accrues to the Town and its
residents. Further, a pro-business attitude and emphasis on responsive customer service foster an
environment that encourages economic development. The combination of these two factors has been
� instrumental in the growth and fiscal prosperity of the Town.
,
'
'
,
'
Future Economic Outlook
The economic outlook for the Town of Marana continues to be very positive. With an abundance of
developable land, Marana is expected to have very rapid commercial, industrial and residential growth in the
next ten years. Residential activity continues to be strong in the Continental Ranch area, as on-going
development continues its various phases and new development projects commence. Planned residential
development projects within the Continental Ranch area include Saguaro Springs, Silver Moon and Cortaro
Ranch. Construction activity at Dove Mountain continues at a rapid pace. In addition to the Heritage
Highlands residential community, new developments include Quail Crossing, Villages at Dove Mountain and
Dove Creek and San Mateo at Dove Mountain. Collectively, these communities are planned for over 10,000
homes. Also, with bank protection along the Santa Cruz River nearing completion, significant residential
activity is expected to occur in the northwest quadrant of the township.
From the commercial perspective, FY 99 saw the opening of numerous new business establishments. Among
the more notable were Home Depot, OfficeMax, Off'ice Depot, Super 8 Motel, Discount Tire Company and a
trio of manufactured housing sales offices. These business establishments contributed prominently to the
increase in sales tax.
' New commercial projects under construction at fiscal year end included Day's Inn Express, Ramada Inn
Express, Gallery Golf Course and Country Club, Batteries Plus and Brake Masters. Other commercial
projects scheduled to be completed within FY 2000 include Safeway Grocery, Carl's Jr., Holiday Inn Express
, and La Parilla Suiza restaurant. These business entities will significantly enhance the local ta�c and
employment base of the Town.
� Additional evidence of future economic prosperity includes on-going discussions with a major resort hotel to
be located at Dove Mountain. The economic impact of such a venture will be significant.
NIAJOR IIVITIATIVES
Current Year Pro_jects
The Town's 1998-99 budget of $24.6 miIlion represented a 9% increase from the previous fiscal. Major
components of the budget included $4.1 million for the construction and maintenance of streets and roads,
$2.7M for water system acquisitions and improvements, and $65�K for the acquisition of computers, vehicles
and machinery & equipment, most of which were necessitated by the continued growth of the Town. The
budget also reflected moderate service level increases in police and public works.
The FY 98-99 year yielded the following achievements:
:• Construc[ion of a 5,000 square foot Senior Center facility;
•:• Construction of $521K of park improvements that included lighting for soccer and baseball fields;
❖ Construction of $676K in water system improvements to improve delivery, reliability and storage of
water to customers;
•:• Adoption and implementation of a five year Capital Improvement Plan (CIP);
•: Expansion of the Town's affordab(e housing program throu�h the construction and sale of two new
homes;
•:• Acquisition of 20 acres of land for the construction of a municipal complex;
•:• Desi�n and construction of infrastructure (road) improvements totaling nearly $1.0 million;
❖ Acquisition of the Marana Northwest Regional Airport (formerly the Avra Valley airport);
III
❖ Creation of the Development Services Center to better serve the public;
•:• Construction of bank protection along the Santa Cruz River;
❖ Direct election of the mayor
Future Year Projects
The Town is committed to improving and increasing service levets to its residents and planning for the proper
and orderly growth of the community. To that end, the following activities have commenced or are in the
planning stages for the very near future:
•:• Design and construction of a municipal complex that allows for the consolidatian of services and facilities
to better serve the public;
•3 Issuance of approximately $10 million on revenue bonds through the Municipal Property Corparation
(MPC) to finance the municipal complex, and which resulted in the Town receiving a credit rating
upgrade from Standard & Poor's (A- to A);
•3 Design and construction of infrastructure improvements to increase traffic capacity;
❖ Design and implementation of a plan that ensures equitable funding of development-warranted
infrastructure;
❖ Finalizing the North Marana Plan in anticipation of expected development in the northwest quadrant of
the township;
•3 Infrastructure improvements to the Marana Northwest Regional Airport to facilitate economic
development in the area;
FINANCIAL INFORMATION
Management of the Town is responsible for establishing and maintaining an internal control structure
designed to ensure that the assets of the Town are protected fram loss, theft, or misuse and to ensure that
adequate accounting data is compiled to allow for the preparation of financial statements in confomuty with
generally accepted accounting principles. The internal control structure is designed to provide reasonable, but
not absolute, assurance that these objectives are met. The cancept of reasonable assurance recognizes that:
(1) the cost of control should not exceed the benefits likely to be derived; and (2) the valuation of costs and
benefits requires estimates and judgments by management.
All internal control evaluations occur within the above framework. We believe the Town's internal
accounting controls adequately safeguard assets and provide reasonable assurance of proper recording of
financia] transactions.
The policy of the Town of Marana provides that the Town Council shall adopt the annual budget prepared by
the Town Manager and senior staff. This budget is reviewed by the Town Council and is formally adopted by
the passage of a budget resolution. The Town Manager is auEhorized to transfer budgeted amounts between
departments within any fund; however, any revisions that alter the total expenditures of any fund must be
approved by the Town CounciL
Revenue and expenditure reports that compare budget versus actual results are produced monthly and are
distributed to senior staff and others upon request. �
General Fund
The General Fund is used to account for expenditures of traditional governmental services as well as financial
resources other than those required to be accounted for in other funds.
General Fund revenues totaled $15,757,424 in tiscat 1998-99, an increase of 37% from FY 97-98. General
Fund increases (decreases) over the last year are shown in following tabulation:
IV
�
,
,
Revenue Source
Taxes
Other Agencies
Licenses Fees & Permits
Fines, Forfeitures & Penalties
Interest Income
Other Agencies
Amount
$10,394,566
$1,284,753
$3,069,824
$214,676
$745,036
$48,569
Percent
Increase/ Increase/
Percent (Decrease) (Decrease)
of from from
Total 1998 1998
65.97% $2,543,719 32.40%
8.15% $171,406 15.40%
19.4$% $1,173,852 61.91%
136% $79,595 5892%
4.73°Io $271,462 57.32%
031% $40,000 466.80%
Total $15,757,424 100.00% $4,280,034 37.29%
The increase in tax revenues was the result of an expanded tax base and growth in business activity amongst
the Town's taxpayers.
Other agency revenue grew primarily because of an increase in population due to the Orange Grove/Camino
de la Tierra annexation
Income from licenses, fees and permits increased substantially due to the sustained growth of the residential
and commercial building industries within the Town.
Fines, forfeitures and penalties also increased significantly due to an increased case load and an aggressive
sentence enforcement policy.
The increase in interest income reflects a continuing accumulation of reserves combined with sound cash
management.
General Fund expenditures for general government purposes totaled $9,415,434 in fiscal 1998-99, an increase
of only 4°Io from FY 97-98. Increase (decrease) in levels of expenditures for major functions of the Town
over the preceding year are shown in the following tabulation:
Function
General Government
Development Services
Town Attorney
Police
Fire
Magistrate Court
Public Works
Debt Service/Capital Lease
Percent
of
Amount Total
Percent Percent
Increase/ Increase/
(Decrease) (Decrease)
from from
1998 1998
2,212,611 23.50% 950, ll 9 75.26%
763,460 8.11% (29,�97) (3.72%}
280,132 2.98% (77,336) (21.63%)
2,597,572 27.59°Io 307,941 13.45%
p 0.00% (486,490) (100.00%)
304,6�1 3.2=�°Io 41,833 � 15.92%
3,026,585 32.14% (289,204) (8.72%)
230,423 2.45% � (28,885) (11.14%)
Total 9,415,434 100.00% 388.481 430%
A marginal increase in general fund ex�enditures occurred in FY 98-99 from the previous fiseal year.
V
The increase in General Government is due primarily to the recent acquisition of the Marana Narthwest
Regional Airport.
Expenditures for the Town Attorney decreased due to the resolution of long-standing cases and a more
diligent effort to control outside costs.
The increase in the general fund for Police stems from capital spending for the acquisition of new police
vehicles.
The reduction in Fire expenditures is due to the annexation af properties into a fire district. Previously, the
Town contracted with a fire district to provide service to the affected properties.
The decrease in general fund expenditures for Public Works is primarily the result of a reduction in capital
equipment spending and contractual services. Again, the latter is due to a concentrated effort to control
outside costs.
Despite the overall increase in expenditures, the Town's general fund balance increased by nearly 40%, again
indicating sound fiscal management practices.
Capital Proiects Fund
Proceeds of Series 1997 Revenue Bonds are aceounted for in the Capital Projects funds until improvement
projects are completed. During FY 99, $2.6M was expended for capital projects, including the construction
of the Senior Center, Marana Park lighting improvements, leasehold improvements at the Development
Services Center and Marana Courts and various roadway improvement projects. Capital Project fund
balances on hand at year-end represent primarily cash and cash investments.
Proprietary/Enterprise Water Fund
The Town's water fund showed a modest increase in operating revenues over FY 98. Excluding depreciation,
operating reveriues exceeded operating costs marginally, an indication that the system is closer to becoming a
true enterprise system.
FINANCIAL MANAGEMENT
Tiebt Administration
At June 30, 1999, Marana Municipal PropeRy Corporation had one revenue bond issue outstanding. The issue
is from October 1997 and the outstanding bond indebtedness totaled $7,930,000 at June 30, 1999.
The proceeds of the 1997 Series Bond issue were (are) used to finance capital improvement projecfs, namely
design and construction of major roadways and water system improvements. Further, $300,000 was used to
refund the balance of the 1990 and 1992 Series Bonds.
Through the years, the Town has entered into numerous capita( lease agreements allowing the Town to
acquire assets without a major immediate impact on fund balances. The Town will continue to carefully
evaluate the options available when acquiring assets, and will choose the option which provides the most
long-term benefit to the Town.
Cash Nlana4ement
The Town of Marana uses a system of consolidated cash management where cash from all funds are pooled.
Cash to be used for the payment of current erpenditures is kept in a money market savings account. Excess
and idle cash is kept on deposit with the State of Arizona Treasurer's Local Government Investment Pool
(LGIP). Cash in the LGIP is available upon 24 hour notice and earns a return comparable to U.S. government
securities. Interest earned on cash and investments from at( funds totaled $959,984 in FY 98-99, net of bank
analysis fees and investment expenses.
VI
Risk Management
The Town of Marana participates in the Arizona Municipal Risk Retention Pool. Under the Town's general
insurance liability, the Town is required to pay the first $10, 000 per loss per claim or judgement, with the
Pool covering the balance up to $Z,000,000. The Town also maintains excess umbrella coverage of
$3,000,000. The Town's total general liability insurance is thus $5,000,000.
The Arizona Municipal Workers" Compensation Pool was the Town's insurance carrier far worker's
compensation during FY 98-99.
Various risk control techniques, including employee accident prevention training, are utilized to control the
Town's risk exposure.
OTHER INFORMATION
IndeUendent Audit
The State of Arizona requires a bi-annual audit of the books of aceount, financial records and transactions of
all departments of the Town by independent auditors. The Town has elected to have its audit conducted on an
annual basis. The firm of Clifton Gunderson L.L.C. has been retained to perform the June 30, 1999 audit.
The auditor's report is included in the Financial Section of the report.
Acknowledgments
The preparation of the CAFR was made possible by dedication of Mr. Ron Kovar, CPA, Clifton Gunderson
L.L.C., and the entire staff of the Town's Finance department. Mr. Kovar is the Town's speeial consultant
and Clifton Gunderson L.L.C. are the Town's auditors. Our sincerest appreciation is extended to all
individuals involved in the preparation of the CAFR.
We also extend our appreciation to the Mayar and Council for their interest and support in planning and
conducting the financial operation of the Town in a responsible and progressive manner.
Respectfully submitted,
��� C �� � �
�
Niichael C. Hein
Town Manager
� ���°
J�
Roy Cuaron
Finance Director
VII
a��
� �;
«. _. , .,.�,_ .::�> �
r�
TQWN OF MARANA
TO�VN CUUNCIL
�o�iby ���tQ�, Jr. � Ivl�yQr
Michael Reuwsaat \ Vice Mayor
Jim Blake
Ora Mae Harn
Eddie Honea
Herbert Kai
RQ?�ar_�e �ie�le�
SENIOR STAFF
�Vii��a�l �. �ei� \ TQwt� �VIa��.ge�
�,.oy �uar4� � �iz��nc� �ir��t4�
Ji� �e�QOd \ LJevelQg�ent Services ��i�i�trato�
Brad De�pain � t T�iliti�� Dix��tvr
�uss�ll �illQw \ Town Magi�trat�
Jocelyn ��tz � Town +�l�rk
John Holden � Building Official
Jane Johnson \ Human Resource Director
Ken Lawrence � Parks & Recreation Director
Joel Shapiro \ Planning & Zoning Director
David Smith \ Police Chief
VIII
Town of ylarana
DEPAR � : AL ORG�vIZqTION
(7/l/99)
Arizona Supreme Court Pubiic
Pima Conniy Superior Court
M�yor 3nd Councii
��
,
�
�
�
_ ,
�
�
�
,
�
,
�
Town Attomey '
�
�
�
�
�
�
�
�
; Town l�Ianager
�
ylunicipal Caurt � Town ClerkrTown l�Iarshal
Finance � � Police
Hum�n Resources � tltiiities
1
Par'.cs and Resreation Development Services
Plannin�
Public Woria
Buildin� Services
IX
Cer�ificat� o�
Achi�vement
for Excellen�e
In Financial
�e�orting
Presented to
Town of Marana,
Arizona
�
For its Comprehensive Annuat
Financial Report
for the Fiscal Year Ended
June 30, 1998
A Certificate of Achievement for EYCellence in Financial
Reporting is presented by the Government Finance Officers
Ass�ciation of the United States and Canada to
government units and public employee reiirement
systems wfi�o� comprehensive annual financial
reports (CAFRs) ac}veve the highest
standards in government accounting
and financial reporting.
.M'��'w'
a �� �
� �� s
2 /uraho r.x� �'
w� � w
2 ; f.�N7�Ua �''' �
�. CURPOIUS7IY. S
��� �� �a
L, CAI[}:
C� �.Z � r�`�-� 6�./4✓
� President
7 { I Gi /j { y � ��i'wvG
I�/� V
E�cecu.ive Direttor
X
Cli.�o�
Gunder�on z.z.c
Certified Public Accountants & Cor�sultanls
Honorable Mayor and Town Council
Town of Marana
Marana, Arizona
Independent Auditor's Report
We have audited the accompanying general-purpose financial statements of the Town of Marana,
Arizona as of and for the year ended June 30, 1999. These general-purpose financial statements are the
responsibility of the Town's management. Our responsibility is to express an opinion on these general-
purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards and the standards
applicable to financial audits contained in Government Audrting Standards, issued by the Comptroller
General of the United States. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement presentation. We believe that
our audit provides a reasonable basis for our opinions.
In our opinion, the general-purpose financial statements referred to above present fairly, in all matei•ial
respects, the financial position of the Town of Marana, Arizona as of June 30, 1999, and the results of its
operations and cash flows of its proprietary fund types for the year then ended, in conformity with
generally accepted accounting principles.
Our audit was made for the purpose of forming an opinion on the general-purpose financial statements
taken as a whole. The combining and individual fund and account group �nancial statements and
schedules listed in the table of contents are presented for purposes of additional analysis and are not a
required part of the general-purpose financial statements of the Town of Marana, Arizona. Such
information has been subjected to the auditing procedures applied in the audit of the general-purpose
financial statements and, in our opinion, is presented fairly in all material respects, in relation to the
general-purpose financial statements taken as a whole.
�
I �
I �
I �
I �
The information included in the introductory and statistical sections is presented for purposes of
additional analysis and is not a required part of the general-purpose financial statements of the Town of
Marana, Arizona. Such additional information has not been subjected to the auditing procedures applied
in our audit of the general-purpose financial statements and, accordingly, we express no opinion on such
information.
In accordance with Government Auditing Standards, we have also issued a report dated November 24,
1999 on our consideration of the Town's internal control over financial reporting and our tests of its
compliance with certain provisions of laws, regulations, contracts, and grants.
���s�.. }�u.,�.oP�.t,00�...� L. G. C.
0
Tucson, Arizona
November 24, 1999
ARIZONA COLORADO ILLINOIS INDIANA IOWA MARYIAND MISSOURI OHIO TEXAS VIRGINIA WISCONSIN
Mamber of
�
� International
AMERICAN INSTITUTE
OF CERTIFIED PUBLIC
ACCOUNTANTS
�
�
'
GENE�:AL
PURPOSE
t
�i
II
II
II
�
F I��TAN C IAL
S
TATEl�/IENT S
It
}-
m
_
Ul
i
N
O'L�
C
�
Z Z � �
2Q(g C7
� p Q c
�
O?Z�
Z � Q
3�y
o��
� �
c
z
�
LL
Q .1
I �I
CI ml
�� �I
� � ^ I
O ��
H
OI I
�� �
O�
�..I � I
I
m �„
� �I
� E;
� dl
c
m m �' I
� I C7
0
C y
7 I
QI i� Qi
d
m al
I �
LLI
T � d I
� ��
� r nl
a � N�
6. lLI CI �
W
�I
� `�
o �i�
�
rt 7I
� C I
W d
�
C � � �I
m �
E ~�
y �I
O � �, I
� �� �i
Ni
Ni
I �I
i
p p p ��o in � O' c0 � O C^'J� �n NI QI ��I
� n� O tD � Of 7 Cf m NpII N�7 N NI ��D - O�P C� C c t� I� �I <01 N
� ONtON vl� N � �OII ��QOI [J�1 O�v � c c � O c��]I �I �OI
� � Of Of Q Of (V N� ^ U�7 j �DI t0 (9 N C <O I C c7 n C7 � N I � I �O II
I� � l7 �� N�I � W I � N m ? O� N C �
N m �I ^� ^�� I �I�
�1 �
V!
� c7 O�D I 1�'. tD c0 � �' � � Q N I N NI
�� n� O r m N � VI VI W� m OI �1 � f� r O N 01 t0 V V'I 7)
aD c7 oi �I 7 �� O P O1 N O vI � vI
I� t�- l7 N O c7 � r O � V vI 1� Q Q1 c9 Inl N m 1�!
�D O rD I� v v N m t9 QD f�i W v n t0 m � m�� �� c7 C I N CO�
c7 N O t0 <
� � � ' � m ^ c�71 ^ � ^I ^ I
� �I �I
� �I
� � t0� � O�ii �I
N � �1
N � �� ` Pj� � ��i
n m �� r�
ri I I � 1� n! I I I I I I I 1 I � .
I I 1 I I I 1 1 m � � � �p ml .
� �i
�
�i �
V C�
al vl � n nl
m roi �
n r� �p
I I 1 I 1 1 1 1 t I �I N 1 1 I I I I I� I I I � I � �i
� � �
�l NI
�
�
�I �
rvv �n m vl
p � c7 Pi fD 1� N �OI � N CJI cl
O N � m ?I ?C�N � �
m �' vi m
O m mi i I t I I I �.� p�
� N I� I N 1 I 1 � v �1 N O� cD � �I � v � v7 O�
N NI
(VI NI �
�� � I
�
� n �I ��'.
o � �i �. 8I O j t�p t�0 v�
8 � pi �� � mI N� I I I i I i p I O ��
I I I I I m I � I I I ^I ^ N OI
N � �! (A I � � � m fAI
�
w ��
� � �nI � I � � NI NII
� i I I �i r�
�' i �� � � � i � �� i i i ���I
� i � i i i i � i � i ��I I � m m��
�
' � � I ��
� �I
c0 N O I (a 1 g G I�� I �L11
ep I I t9 n n� r� in ini u�i
� O � � T u� vl 011 � I
�^ �D NI I I I I I P �� O C�I
I 1 . 1^ I� 1 N I 1 . I mil � I NI N � � NI
NI �
I � I �I
� ��
p (D �' f in n � �D'�,. O. Ni cOI i011
� N� O � I - � O Oi N� O � m �I V:
f� 01 °'� m � � � � � � � � �� � B� �� � �'�i
m � � M � n 1 I I i I I $''I �� � NI �� NI NI m:l
c7 O R m ��' ' �: � `fl �I
� ^ I � ~ �� .. � ! I ^ 1 fffll
� �il Q
W
T
U
r
W v N N
� � F- _ '- m `O Y
j � m 0 '� � �� . d r
� .�. - W � 7 W . U �
O . � �� Q d U `� p n � � t Q
- Z �>> � �� v � m y m o G
Q �`o � E'm � � W rn x x u A m�
m ` v o � � Z
i m . d m E u`� � � t- c�� � n°� � d . � LL�
m ��m, Q c p a o�n �.
E N m a y �'> i Q� W � O�� a�i c m � � u�i '.� W
c a � a C � ... v , y :u ` � � W �
v � � � .- � d c c � _ ^ � �n Z �a'� � a� c o � m
� � m o. m. 2 f - Q m�u `� f- U
C m [` � E�0 N J C C N J T i� N �� V C C V O O O�� �� � 1�
� .. N t yl � � p u� � f' � a N C` N � N,a t` C Q TJ � m d� C 7 n. W
m ao��ma-°�dw � ai cn mo`,n =� 3 m z�c °- ' m<
o � E-a5 ^y �n w w
a . m v o o tJ L c c E�@ < r = r= � o�m � � � � E� 9� m L ° ' o �`o'� O
� L a u A L a m m; a o o.v' d m � � � ��' N ~ G� o m y � C � 5 � O �� t Z
W mmm�-Ov>>�V EE�-� � C �; ? U��u_ � C¢
� Uo2 dCSc' ¢< LL � Q G _
rn _ _ -
¢ -
N
C
m
d
m
H
C
�
�
�
�
O �
0
N
v
�
�n
'
TOWN QF MAf?ANA. ARIZONA
COMBINED STATEMENf OF REVENUES, EXPEtVDITURES AND CHANGES
lN Ft1ND 6ALANCES
ALL GOVEfifVMENTAL FUND TYPES - DCHI8IT 2
Year Ended June 30, 1999
Totals
S�ecial Debt Capital (Memorandum Only)
General Revenue Service Projec:s 1999 1998
REVENUES
Taxes �10,394,50"6 � - � - $ - $10,394,566 $ 7,850,847
Other agencies 1,284,753 1,256,041 - - 2,540,794 3,398,701
Licenses, fees and permits 3.069.824 - - - 3,069,824 1,895,972
Fnes, forfeitures and
penalties 214,676 6,484 - - 221,160 143,697
Interest 745,036 1,571 2,453 210,924 959,984 669,912
Other 48,5n9 64,019 - 8Q,000 192,588 82,595
Totairevenues 15J57,424 f,328,115 2,453 29Q924 17,378,916 14,041,724
OTHER FINANCfAL SOURCES
Bond proceeds - - -
Proceeds of refunding bonds - - -
Transfers from other funds - 12,459 771,730
Cornersion of account to note payable - - -
Lease purchase proceeds - - -
Total other financial sources - 12,459 771,730
Total revenues and other financial sources 15,757,424 1,340,574 774,183
EXPEND ITU RES
Current operations
General government 2,212,611 28,280
Develapment and planning services 763,460 -
Town attorney 280,132 -
Police 2,597,572 400,099
Fre - -
Magistrate cour: 304,651 -
Pubiic works 3,026,585 fi49,265
Community development - 226,203
Debt service
Principal retirement 216,g2° -
Interest 13,494 -
Fisca( agent fees/bond issuance costs - -
Lease purchases-capital - -
Capital improvement projects - -
Totai expenditures 9,4i5,434 1,303,847
OTHER FINANCtAL USES
Payment to refunded bond escrow agent - -
Transfers to other funds 2.089,515 49,969
Total other financial uses 2,089.515 49,969
Total expenditures and other financial uses 11,504,949 1,353,816
Excess (deficiency) of revenues and
other financial sources over (under)
- - 7,582,247
- - 592,753
1.35�,292 2,139,481 1.95�,782
- - 665,881
- - 19,350
1.355,292 2,139,481 10,816,013
1,646,216 19,518,397 24,857,737
- - 2,240,891 1,283,257
- - 763,460 792,957
- 280,132 357,468
- - 2,997,671 2,581,562
- - - 486,490
- - 304,651 262,818
- - 3,675,850 3,804,021
- - 226,203 157,674
245.000 - 461,929 219,489
479,362 - 492,856 20,469
- - - . 311,289
- - - 19,350
- 2,652.708 2.652,708 3,824,715
724,362 2,652,708 14,096,351 14,121,559
�
724,362
- - 342,753
- 2,139,484 1,939,713
- 2,139,484 2,282,466
2, 652,7�8 16, 235, 835 16, 404, 025 .
expenditures and other financial uses 4,252,475 (13,242) 49,821 (1,OC6,492) 3,282,562 8,453.712
FUND BALANCES, BEGINNING 10,216.792 73,819 347,404 4,905,752 15,543,767 7,719,511
Residual equity transfers out (222,439) - - (792,613) (1,015,052) (629.450)
FUND BALANCES, ENDING 314,246,828 $ 60,577 3 397,225 $ 3,106,647 $ 17,811,277 $15,�43.767
See notes to combined financial statements.
4
�
�
�
�
�
'
�
��
,
'
❑
� I
�
i�
TOWN OF MARANA. ARIZONA
COMBINED STA7E3UIENT OF REYEiVUES, EXFEND(NRES AND CHANGES
�N FUND BALANCES - BUOGE7 AFiD ACTUAL -
GENEAAL AND SPECIAL REVENUE Ft1NDS - D�H�BR 3
Year Ended June 30. 7999
REVENUES
Taxes
Other agencies
Licenses, fees and permits
Fines, forfeitures and
penalties
Interest
Miscellaneous
Totai revenues
General
A�� Budget (a) Variar,ce
S 10.394,566 $ 9.175.437 $ 1.219.129
i ,284,753 1,19Q,551 94.202
3.069 , 824 1.989 , 859 1.07 9,° 65
214,676 140,000 74,678
745,036 550,000 195,d36
48,569 2,°60,000 2.911,431
1�,757,424 16,OQ5,847 (248.423)
OTHEFi FINANCIAL SOUACES _ �,845,491 (1,645,49t)
Bond proceeds _ _
Transfers from other funds -
Total otfier financiai sources - 1,645,491 (1,645,491)
Totai revenues and other financiai sources 15,757,424 17,651,338 1,893,814
EXPENDITURES
Current operations 3 371,789
General government 2,212.611 5,584,400 ( . )
7ss,aso s� s,sos (��,$�)
Development and planning services 280 � 32 327,000 (46,868}
Town attorney
Police 2,597,572 2,568,950 28,622
304,651 334,842 (30,191)
Magistrate court �45,50
Public works 3,026,585 3,372,092 (� _ �
Community developTent -
Debt service 8g� g��
Principal retirement 216,929 1,108,800 ( )
Interest
13,494 13,494
Capital improvement projects - 3,448.353 3,448,353
9.415.434 17,503,743 (8,148,309)
Total expenditures
j
OTHER FINANCIAL USES 2,089,5t5
Transfers to other funds 2.089,515 �_.
Total expenditures and other financial uses 11,504,949 17,563.743 6,058,794
Eticess (deficiency) of revenues and
other financial sources over (under) 8 7 595 4,16�3,88Q
expenditures and other financial uses 4,252.475
FUND BALANCES, BEGINNING 10,216,792 - 10,216,792
Residual equity transfers out �
222.439) - (222.439)
FUND BALANCES, E�IDING St4.24o,828 S 87,595 314,1�9.233
Special Revenue
Actual Budget (a) Variance
$ - � - � -
1,226,588 2,775,877 (1,54°,289)
6,484 - 6,484
1,571 - 1,571
64,019 - 64,019
1.298,60"2 2,775,877 (1,477,215)
12,459 - 12,459
12,459 - 12,459
1,311.121 2,775,877 (1,464,756)
23,008 - 23,008
376,823 522,000 (145,177)
- 34,000 (34,000)
649,265 1,374,877 (725,612)
225,298 845,000 (619,702)
1,274,394 2,775,877 (1,501,483}
49.969 - 49,969
1,324,363 2,775,877 1,451,514
(13,242)
73,819
(13,242)
73,819
5 60.�77 S - � 60.577
(a} The Town's budget inciuded an additionai 53.180,190 for revenues and S�,267,785 for expenditures for water enterprise activities
that are not included in this statement because these activities are proprietary in nature.
See r.otes to combined financial statements
�
TOWN OF MARANA, ARlZONA
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
FUND EQUtTY — ALL PROPRIETARY FUND TYPES — EXHIBIT 4
Year Ended June 30, 1999
OPERATING REVENUES
Current use charges
Other
Total operating re��enues
OPERATING EXPENSES
Material, supplies, and
other expenses
Depreciation expense
Total operating
expenses
OPERATING LOSS
NONOPERATING REVENUES
(EXPENSES)
Interest income
Bond interest expense
Bond feas
Total nonoperating revenues (expenses)
NET L�3S
Transfers to other funds
DEFICIT, BEGINNING
DEFICIT, ENDING
CONTRIBUTED CAPITAL, BEGINNING
Residual equity transfers in
CONTRIBUTED CAPITAL, END{NG
FUND EQUITY, ENDING
Proprietary Totals
Fund Types (Memorandum Only)
Enterprise 1999 1998
$ 532,447 � 532,447 $ 405,624
22,801 22,801 15,673
555,248 555,248 421,297
5b1,128
103,363
6b4,491
(99,243)
(99,243)
(340, 513)
(439,750)
2, 000, 086
1,015,052
3,015,138
$ 2,575,382
551,128 480,389
103,363 94,336
654,491 574,725
(99,243) (153,428)
206
— (1,121}
— (915)
(99,243) (154,343)
— (16, 069)
(340,513) {170,101)
(43Q,756) (340,513)
2, 000, 086 1, 370, 630
1,015,052 629,456
3,015,138 2,000,086
S 2,575,382 � 1,659 573
See notes to combined financial statements.
6
i�
TOWN OF MARANA. ARIZONA
COMBtNED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES — �CHIBIT 5
Year Ended June 30, 1999
Proprietary
Fund Types
Enterprise
CASH FLOWS FAOM OPERATING ACTIVITIES
Loss from operations
Adjustments to reconcile loss from operations to net
cash provided by {used in) operating activities:
Depreciation
Changes in operating assets and liabilities:
(Increase) decrease in accounts recsivable
(Increase) decrease in inventories
Increase (decrease) in accounts payable and accrued expenses
Net cash provided by (used in) operaiing aciivifies
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
(Increase) in due from other funds
Increase (decrease) in due to other funds
Residuai equity transfers from general fund
Residuai equity transfers from special revenue funds
Residual equity Vansfers from capital project funds
Note payable proceeds received
Deposit for fixed asset acquisition
Principal paid on capital lease
Principal paid on note payable
Purchase of fixed assets
Payments to trustee/fiscal agents for debt service
Net cash provided by (used in) capital and related financing activities
NET DECAEASC iN CASH
CASH, BEGINNING OF YEAR
CASH, END OF YEAR (a)
Totals
(Memcrandum Only)
1999 1998
$ (99, 243) $ (99, 243) $ (153, 428)
103,363
4,715
22,268
12.989
44,092
103,363 94,336
4,715 (29,718)
22,268 (22,268)
12,989 30,700
44.092 (80,378)
(210,102)
172.229
222.439
792.613
(207,090)
(8, 834)
(8,800)
(796,54�
(44,092)
(210,102) —
172.229 (1,094)
222,439 175,830
— 63,350
792,613 140,276
_ 88,000
(207,090) —
(8,834) (8,262)
(8,800) —
{796,547) (362,353)
— (15,369}
(44.092) 80,378
� — $ — � —
_ 1
SUPPLEMEIVTAL SCHEDULE OF NONCASH CAPITAL AND RELATED FINANCING ACT1V1TlES
During fiscal 1998, the Town financed the purchase of fixed assets with the application of a deposit for fixed asset acquisition of $o^CO3000.
During fiscal 1998, the Town charged off 327,268 in unamortized bond issuance costs with the defeasance of the 1990 general obligation
bond series.
During fiscal 1998, the Town defeased revenue bonds with a residual equity transfer from capital projec: funds in the amount of �250,000.
(a)Cash on the balance sheet consists of cash the Town can access and restricted cash/cash on deposit with trustee/fiscal agents. Cash flows
from cash with trustee/fiscal agents are not presented above because these activities represent noncash transactions.
(Continued)
7
i
TOWN OF MARANA, ARIZONA '
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FiJND TYPES — EXHIBIT 5
Year Ended June 30, 1999
Froprietary Totats �
Fund Types (Memorandum Only)
Enterprise 1999 1998
SUPPLEMENTAL SCHEDULE OF NONCASH CAPITAL AND REUITE� FiNANC1NG ACTIYITIES (Continued} �
Cash � — � — $ _ �
Cash with Vustee/fiscal agents — —
Total � — $ — $ —
CASH FLOWS WITH TRUSTEE/FiSCAL AGENTS FAOM INVESTiNG AND �
OTHER ACTiVITIES
Payments from water fund for debt service $ — � — $ 15,369 �
Interest income — — 206
Decrease in investments — — 301
Net cash with trusteeJfiscal agents provided by �
investing and other activities — — 15,876
CASFi FLOWS WITH TRUSTEE/FISCAL AGENTS FAOM NONCAPITAL
FINANClNG ACTIVITiES (16,069) �
Transfers to other funds — —
CASH FLOWS WITH TRUSTEE/FISCAL AGENTS FROM CAPITAL AND
RELATED FINANCING AND OTHER ACTIVITIES �
Interest and other obligations paid — — (11,790)
Redemption of bonds payable — —
(10,000)
Net cash with Vustee/fiscal agents used in � � �
financing and c:her aciivities — — 2 � � 790
NET INCREASE (DECREAS� IN CASH WITH TAUSTEF/FiSCAL AGENTS — — (21,983)
CASH WITH TRUSTEE/FiSCAL AGEi�1TS, BEGiNNING OF YEAR — — 2� .983 �
CASH WI7H TAUSTEE/FISCAL AGENTS, END OF YEAR � — � — `� —
1-< L
,
�
�
�
See notes to combined financial statements. (
8
�
TOWN OF I�IARAi`tA, AR�ZONA
NOTES TO COMBPtED FINANCIAL STATEMENTS
June 30,1999
L_7
I �
LJ
I�
�
�
NOTE 1- SUMMARY OF SIGNIFICANT ACCOITivTING POLICIES:
A. General Statement
The Town of Marana (the Town) was incorporated on March 21, 1977, under the
provisions of the Constitution of Arizona and the Arizona Revised Statutes. The Town
operates under a council-mayor form of government. All funds and entities related to the
Town that are controlled by the 1Vlayor and Council are included in the annual financial
report. Control is determined on the basis of budget adoption, taxing authority, and the
ability to significantly influence operations and accountability for fiscal matters. The
Town provides a full range of services including general government, development and
planning, legal, public safety (police and fire), public works, and parics services. The
accounting policies of the Town conform to generally accepted accounting principles
(GAAP) as applicable to governments. The Governmental Accounting Standards Board
(GASB) is the accepted standard-setting body for establishin� accounting and fmancial
reporting principles. The more siQnificant accounting policies of the Town are described
below.
B. Financial Renortin�Entitv
In accardance with Governmental Accounting Standards Board Statement 14, "The
Finar�cial Reporting Entity", these financial statements present the Town and its only
component unit, the Town of Marana Municipal Property Corporation (MMPC). The
MMPC is blended with the Town in these financial statements because the Mi�IPC was
established by the Town in order to fund the debt incurred to finance the purchase of the
d Town hall, various capital projects, and fiYed assets used by the water fund. In addition,
� MMPC only provides services to the Town. MMPC also issues an annual financial
report, which is available through the Town of N1azana's Finance Department.
C. Basis of Presentation
The accounts of the Town are organized on the basis of funds and account aroups, each of
which is considered a separate accountin� entity. The operations of each fund are
accounted for with a separate set of self-balancin� accounts that comprise its assets,
liabilities, fund equity. revenues, and expenditures. Government resources are allocated
to and accounted for in individual funds based upon the purp�ses for which they are to be
spent and the means by �vhich spendina activities are controlled. The various funds are
�rouped, in the financial statements in this report, into �eneric fund types and broad fiind
cate�,�ories as tollows:
:�
u
TOWN OF 1�IAR.��iA, ARIZONA
NOTES TO COVIBI�(ED FINANCIAL STATEMENTS
June 30,1999
NOTE 1 - SUl�II�IARY OF SIGi�TIF'ICANT ACCOUNTING POLICIES
(Continued):
C. Basis of Presentation (Continued)
Governmental Fund Tvpes
General fund - This fund is the general operating fund of the Town. It is used to
account for all financial resources, eYCept those required to be accounted for in another
fund.
Special revenue funds - These funds are used to account for the proceeds of specific
revenue sources (other than proprietary functions or major capital projects) that are
legally restricted to expenditures for specified purposes.
Debt service fund - This fund is used to account for the accumulation of resources for
the payment of general long-term debt principal, interest and related costs.
Capital project funds - These funds are used to account for the acquisition or
construction of capital facilities beinQ financed from General Obligation Bond proceeds,
grants from other agencies, or transfers from other funds.
1 Pro�rietary Fund Ty.pes
These funds account for operations that are organized to be self-supporting through user
charges. The funds included in this category are the water fund and the airport authority
(a new fund established in fiscal 1999 with actual operations beginninQ in fiscal 2000) as
noted below:
Enterprise funds - These funds are used to account for operations that are tinanced
and operated in a manner similar to private business enterprises. The intent of the
�overnin� body is that the costs (eYpenses, includin; depreciation) of providin` services
to the general public on a continuin�7 basis be financed or recovered primarily throu�h
user charges.
i i)
�
�
�
�1
l
�
j
�
�
I
�
�
,
�
,
�
�
�
TOW�1 OF NIARANA, ARIZONA
NOTES TO COI�IBINED FIN.��CIAL STATEMENTS
June 30,1999
NOTE 1 - SUI�II�iARY OF SIGNIFICANT ACCOL�ITING POLICIES
(Continued):
C. Basis of Presentation (Continued)
�__ • . � • r
Account groups are used to establish accounting control and accountability for the
Town's general fixed assets and general long-term debt obligations. The two account
groups are not "funds". They are concemed only with the measurement of financial
position. They aze not involved with measurement of results of operations. The
following are the two account groups:
General fixed assets account group - This account group is established to account for
all fixed assets of the Town, other than those assets accounted for in the proprietary fund.
Capital outlays in funds other than the proprietary fund are recorded as expenditures of
those funds at the time of purchase and aze subsequently recorded for control purposes in
the general fixed assets account group.
General long-term debt account group - This account group is established to account
for all the Town's long-term debt and governmental fund compensated absences that will
be financed from general governmental resources. Long-term liabilities of the proprietary
fund are accounted for in that fund.
D, ��acnrvmPnt Fncnc/Racic of ACC011II
Measurement focus refers to what is beina measured; basis of accounting refers to when
revenues and eYpenditures are recognized in the accounts and reported in the financial
statements. Basis of accountinQ relates to the timinQ of tne measurement made,
� reQardless of the measurement focus applied.
The Governmental Fund Types (General, Special revenue, Debt service, and Capital
project funds) use a current financial resources measurement focus and are accounted for
using the modified accrual basis of accountina. Under the modified accrual basis of
accountin�, revenues are recoanized when susceptible to accrual; i.e., �vhen they become
both measurable and available. "tileasurable" means the amount of the transaction can be
determined and "available" means collectible within the current period or soon enough
thereafter to be used to pa�• liabilities of the cunent period, which for the Town is
considered to be 60 days afte. year end. Expenditures are recorded when the related fund
liability is incuned. Exceptions to this general rule include principal and interest on
��eneral long-term debt which are recorded as fund liabilities when due, and accnied
vacation which is recorded ���hen payable from current available financial resources.
�
,
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINAi�TCIAL STATEMENTS
June 30,1999
NOTE 1 - SUNIMARY OF SIGNIFICAi�iT ACCOUNTING POLICIES
(Continued):
D. Measurement FocusBasis of Accounting (Continued)
The Town reports deferred revenue on its combined balance sheet. Deferred revenue
arises when a potential revenue does not meet both the "measurable" and "available"
criteria for recognition in the current period. Deferred revenue also arises when resources
are received by the government before it has legal claim to them, as when grant monies
are received priar to the incurrence of qualifying expenditures. In subsequent periods,
when both revenue recognition criteria are met, or when the government has a Iegal claim
to the resource, the liability for deferred revenue is removed from the combined balance
sheet and revenue is recognized.
Grant revenues are susceptible to accrual if they are earned as expenditures occur. TaYes
collected (which include state shared sales taxes, Town sales tax, and county shared auto
lieu taxes) and held by the both the State of Arizona and Pima County, Arizona at year
end on behalf of the Town are also recognized as revenue. All other Governmental Fund
Type revenues are recognized when received.
The Proprietary Fund Types are accounted for on an economic resources measurement
focus usinQ the accrual basis of accounting. Revenues are recorded when earned,
including unbilled water services which are accrued_ E:cpenses are recorded at the time
�� liabilities are incuned. The Town's Proprietary Funds apply all applicable Government
Accounting Standards Board (GASB) Statements, as well as the following
pronouncements issued on or before November 30, 1989, unless those pronouncements
conflict or contradict GASB pronouncements: Financial Accounting Standards Board
Statements and Interpretations, Accounting Principles Board Opinions, and Accounting
Research Bulletins of the Committee on Accounting Procedure.
l?
�
�
�
�
LJ
�
�
�
�
,
�
�
�
�
�
,
i
TO�V�i OF iVIARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATENIENTS
June 30,1999
'
( �
I '
I �
�
NOTE i - SUl�iI�I�RY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued):
E. Budgeta�,v Control
The voters of the State of Arizona, on June 3, 1980, approved an expenditure limitation
that is applicable to all local governments. This limitation, based on eYpenditures of the
1979-80 fiscal year, restricts the growth of expenditures based on a factor of increases in
population and inflation. Certain eYpenditures are held to be excludable. The limitation
is set by the State Economic Estimates Commission prior to April 1 of each year for the
followinQ fiscal yeaz. As allowed, the voters of the Town of Marana, on March 11, 1997,
approved an altemative eYpenditure limitation - home rule option to be applicable to the
Town. This alternative eYpenditure limitation is free from any ties to the state imposed
limitations and is in effect for four consecutive years beginning with the fiscal year ended
June 30, 1998. This limitation provides for the Town to allow the Mayor and Council to
adopt an annual expenditure limitation each year with no eYpenditures held to be
eYCludable. Therefore, the _annual expenditure limitation equals the adopted budget.
The Town establishes its fiscal year as the twelve-month period beginning July 1. The
departments submit to the Town manager a budQet of estimated e:cpenditures for the
ensuing fiscal year. The Town manaQer and each department head meet to discuss
mutually accept�ble chan�es for the estimated expenditures for that department after
which the Town manager subsequently submits a budget of estimated expenditures and
rever.ues to the Town Council.
Upon receipt of the budaet estimates, the Town Council �vill hold a public meeting to
obtain taYpayer comments. Concurrently, a copy of the budQet estimates is published in a
local newspaper. The Town Council is prevented �rom legally enacting the budget
through passage of a resolution until 1� days have passed after the date of the public
meetinQ. Prior to July 1, the budQet is legally enacted.
The Town manager is authorized to transfer budgeted amounts between any departments
or any funds; however, any revisions that reallocate budaeted amounts from the budQet
line items labeled "continQency" must be approved by the To�vn Council.
Budgeted amounts are as ori�inally adopted and all appropriations lapse at year end. All
bud,ets are adopted on a basis consistent �vith generally accepted accountin, principles
except the enterprise!�vater fund, for �vhich depreciation is not bud�eted and the
acquisition of capital assets is bud<yeted as an expenditure and bond proceeds are
budgeted as revenue.
�
r
TOW�1 OF NIARAIVA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEiVIENTS
June 30,1999
NOTE 1 - SUNIMARY OF SIGNIFICANT ACCOITNTING POLICIES
(Continued):
E. Budgetarx Control (Continued)
The Combined Statement of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - General and Special Revenue Funds presents a comparison of
budQetary data to actual results af operations for which annual operating budgets are
legally adopted. However, it was not anticipated that bond proceeds and other revenue
would need to be reflected as a debt service fund and capital project funds; thus, no
appropriated budgets were adopted for the debt service fund and capitai projects funds,
although the bond proceeds were budgeted as revenue and capital improvement projects
within the general fund and the enterprise/water fund. Accordingly, comparison of actual
results of operations to budgetary data for the debt service fund and capital projects funds
is not presented.
A budgetary basis to GAAP basis reconciliation of the speciai revenue funds, of which
the 1997 Community Develapment Block Grant, House Plan Program, LLBDG Grant,
and 402 Grant are not bud�eted, follows:
Budgetary Unbudgeted GAAP
Basis Fund Basis
ctu 1 Actual ctua
Total revenues and other financial sources �1,311,121 $ 29,453 $1,340,574
� 1 Total eYpenditures and other financial uses � 4 � 29,4�; l, �3.816
Excess (deficiency) of revenues and other
financial sources over (under)
eYpenditures and other financial uses ��1;.?�?) �= �' �`��)
F. �ncumbrances
Encumbrance accountina. under which purchase orders, contracts, and other
commitments for the e�cpenditurz af monies are recorded in order to reserve that portion
of the applicable appropriation, is not employed as an e;ctension of formal budgetary
intet,�ration in the general fund and special revenue funds.
�
,
�
�
�
�
�
�
,
,
�
,
LJ
'
�
r
,
LJ
TOWN OF NI�,RANA, ARIZONA
NOTES TO COMBINED FINANCLAL STATEMENTS
June 30,1999
,
I�
I '
�
�
NOTE 1 - SUlVII�IARY OF SIGNIFICANT ACCOUNTiNG POLICIES
(Continued):
G. Reservations and Desianations of Fund Balanc�es
In addition to the reservations of fund balance for prepaid e:cpenditures mentioned below,
the Town has established other reservations of fund baiance as follows:
Reserved for debt service represents amounts required to be maintained under the
provisions of various bond ordinances or amounts reserved for future debt service
requirements.
Reserved for restricted assets represents assets maintained by Pima County for custodial
purposes that are restricted for expenditures that will enhance the Town's ability to
conduct police investigations.
The designation for subsequent years' expenditures represents Capital Projects Fund
Balances specifically identified for capital improvements.
H. ITse of Estimates
The preparation of general purpose financial statements in conformity with generally
accepted accounting principles requires manaaement to make estimates and assumptions.
This will effect the reported amounts of assets and liabilities, disclosure of contingent
assets and liabilities at the date of the financial statements, and the reported amounts of
revenues and eYpenditures durina ti�e reportina period. Actual results could differ from
these estimates.
I. Bond Issuance Costs �
-� For the enterprise/water fund, bond issuance costs are capitalized in the period in which
the bonds are issued and are amortized on a straiaht line basis over 20 years. For all other
funds, bond issuance costs are recognized as eYpenditures in the period in which the
bonds are issued.
J. C��h �n� rach Fm�ivalent�
For the purpose of the statement of cash flows, the Town considers all hijhly liquid
investments (ineluding the funds' participation in the investment pool account, and
appropriate restricted assets) to be cash equivalents. Individual fund investments with a
maturitv of 3 months or less when purchased are considered as cash equivalents.
l�
TOWN OF l�1ARANA, ARIZflNA
NOTES TO COlVIBINED FINANCIAL STATENIENTS
June 30,1999
NOTE 1 -
(Continued):
,
,
SUMMARY OF SIGNIFICAi�iT ACCOUlVTING POLICIES �
K. Restricted Asse#s
The trust indentures executed for ail of the bond series issued require all cash and
investments for each bond series to be held on deposit by the trustee/fiscal agents. These
assets are restricted for payment of interest and trustee fees associated with the bond
issues, retirement of principal balances, and purchasinQ fiYed assets for the water fund
and to finance various cagital projects.
In addition, the State of Arizona required that assets obtained at the completio� of
criminal proceedings by the Town's police department be given to Pima County for
custodial purposes. These assets are restricted for eYpenditures that will eghance the
Town's ability to conduct police investigations.
L. Pre�aid .x�enditures
Prepaid expenditures are for payments made by the Town in the current year fc�r liability
insurance coverages extendina into the subsequent year, and the reserve for prepaid items
has been recognized to signify that a portion of fund balance is not available far other
subsequent expenditures.
M. Interfund Receivables and Pavables
1
During the course of operations, numerous transactions occur between individual funds
for goods provided or services rendered. These receivables and payables are classified as
"due from other funds" and "due to other funds" on the combined balance sheet.
N. Inventories
The Town uses the purchase method of expendinQ inventories. There were na significant
inventories on hand at June 30, 1999 in the aeneral fund. The inventories in the
proprietary/water fund consist of supplies (aka water meters) and are recarded at the
lo�ver of cost or market usin� the first in first out (FIFO) method.
16
�
��
�
�
'
�
�
�J
�
,
�
'
�
�
,
,
TOW�i OF MARANA, A1�ZO�TA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30,1999
�i
�
1
,
,
�
�
�
�
NOTE 1 -
(Continued):
O. Fised Assets
SU1�Il�1ARY OF SIGNIFICANT ACCOUNTING POLICIES
C'T�neral Fixed Assets Account ro ��
FiYed assets used in Governmental Fund Type operations (general fixed assets), including
those purchased with Federal grant monies, are accounted for in the General Fixed Assets
Account Group, rather than in Governmental Funds. Public domain ("infrastructure")
general fixed assets, such as roads, bridaes, curbs and gutters, streets and sidewalks,
drainaQe systems, and li�hting systems, are not capitalized along with other general fiYed
assets for reporting purposes. Donated fixed assets are valued at estimated fair value on
the date donated. All purchased fixed assets are valued at cost. The cost of normal
maintenance and repairs that do not add to the value af the asset or materially eYtend
asset lives are not capitalized. No depreciation has been provided on any of the
remaining assets. Interest has also been capitalized on fiYed assets in the Governmental
Fund Type operations.
Pro�rietarv Fund Tvn_e_
Property, plant, and equipment owned by the enterprise funds are recorded at cost.
Repairs and maintenance are recorded as eYpenses; renewals and betterments are
capitalized.
Depreciation is provided over the estimated useful lives of such assets using the straight-
line method. These estimated useful lives are as follows:
Estimated
Usefui Lives (Yearsl
- Pump stations, distribution systems,
equipment and improvements
Oraanization costs
Machinery, equipment, and assets under capital lease
20
40
5
P. Capitalized Lea�e Obliaations
The amount capitalized under capital leases is the lesser of the present value of the
minimum lease payments or the fair value of the leased properties at the beginning of the
respective lease terms. When a governmental fund acquires a fixed asset through a
capital lease agreement, the acquisition is retlected as an espenditure and other financina
source, and simultaneously the acquired asset and related liability are reeorded in the
General Fi�ced Assets Account Group and in the General Long-Term Debt Account
Group. Capitalized leases of the proprietarv fund are accounted for entirely within the
proprietary fund by capitalizing the asset acquired and recording the lease obligation as a
liability. � � �
17
TOWN OF NIARANA, ARIZONA
NOTES TO COiVIBINED FINANCIAL STATEMENTS
June 30,1999
f
NOTE 1 - SUlVII�i L�RY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued):
Q. C'om�►ensated A sences
In the general long-term debt group of accounts, essentially the entire accumulated
liability for compensated absences is reflected, since the liability at June 30, 1999, will
most likely not be paid within the current accounting cycle. Rather, in fiscal 2000 the
Town will probably pay that year's accrual without utilizing amounts accrued from prior
years.
R. Fund Chan�es and Transactions Between Funds
Transactions that would be treated as revenue, expenditures, or eYpenses if they involved
organizations external to the governmental unit are accounted for as revenue,
expenditures, or expenses in the funds involved. Transactions which constitute
reimbursements of a fund for expenditures or espenses initially made from that fund
which are prope:ly applicable to another fund are recorded as expenditures or expenses in
the reimbursing fund and as reductions of the eYpenditure or expense in the fund that is
reimbursed.
Nonrecurring or non-routine transfers of equity between funds are treated as residual
equity transfers and are reported as additions to or deductions from the fund balance of
governmental funds. Residual equity transfers to the proprietary fund are treated as
contributed capitaL
S. Com�arative Data
Comparative total data for the prior year is presented in the financial statements in order
to provide an understandin� of changes in the Town's financial position and operations.
However, presentation of prior year totals by fund type have not been presented in the
statements, since their inclusion would make the statements unduly complex and difficult
to read.
Total columns on the combined financial statements are captioned "memorandum only"
to indicate that they are presented only to facilitate financial analysis. Data in these
columns do not present financial position, results of operations, or chanaes in cash flo�vs
in conformity with generally accepted accountin� principles. Neither is such data
comparable to a consolidation. Inter�und eliminations have not been made in the
a�gregation of this data. Certain comparative data have been reclassified to present such
amounts in a manner consistent �vith the current year's presentation.
�,
i ��
,
,
�
,
�
l
�
LJ
�
�
'
,
,
�
'
�
�
�
�
TOWN OF 1�IARANA, ARIZONA
NOTES TO COIVIBINED FYNANCI�' STATEMENTS
June 30,1999
NOTE 1 - SUiVIMARY OF SIG1vIFICANT ACCOUNTING POLICIES
(Continued):
T. Sei?ed Prooertv
The Town Police have in their custody certain assets seized in criminal proceedings.
Until formal procedures have been ��nts that such assets not bep eflected
determinable. In addition, legal requirem
the Town's financial records in an aaency capacity until Town ownership has been
determined. Consequently, no such assets are recorded on these financial statements.
NOTE 2- DEPOSITS AND INVESTMENTS
A. e 't
Cash on the combined balance sheet consist of amounts held in petty cash funds, change
funds, and bank demand accounts.
Cash held in uninsured and uncollateralized petty cash and change fiznds totaled $100 at
June 30, 1999.
At year end, the book value of the Town's bank demand account was $(411,781) and the
bank balance was $973,331. The difference of $1,385,162 represents deposits in transit
and outstanding checks at June 30, 1999. $100,000 of the total bank balance was covered
by federal depository insurance and $�00,000 of the total bank balance was covered by
collateral held by the Town's custodial bank in the Town's name; leaving a bank balance
of $373,381 that was uninsured and uncollateralized. The uninsured balance is
considered a Category � deposit in accordance with GASB Statement No. 3. The
negative cash balance per ledger was offset by investments in the Town's pool account.
These investments are liquidated as checks are redeemed.
Restricted assets: cash is uncollateralized by the tnzstee holdin� these balances. At year
Y 1 end, the book value of these balances, which was the same as the bank balances, totaled
$24,980.
B. Investments
Statutes authorize the Town to invest public monies in certificates of deposit, interest
bearing savinas accounts, and repurchase aareements provided eligible depositories meet
interest rate, capital structure, and collateral requirements. Other authorized investments
include obli�ations of the U.S. Government and its agencies, of Arizona utility and
municipal improvement districts, and the Arizona State Treasurer's Local Government
Investment Pool. The To�vn's investments as ot June 30, 1999 are= �,Iar�:et
Value
State Treasurer's Local Government Investment Pool � 13,793,799
a � � l .6�2
Ntoney Nlarket Funds � l�,�� l
Total Investments
' 1 `�
TOW�1 OF MARANA, ARIZONA
NOTES TO COiV�INED FINANCIAL STATEMENTS
June 30,1999
NOTE 2- DEPOSITS AND Ir�ESTlYIENTS (Continued)
B. Inves#ments (Continued)
Amounts invested in the State Treasurer's Local Government Investment Pool and Money
Market Funds are recorded at cost which is also the fair market value. Govemment Pool
investments and money market funds are not categorized, in accordance with GASB No.
3, because they are not evidenced by securities that e;cist in physical or book en�ry form.
A reconciliation of E�iibit 1 to �tote 2 is as follows:
E�ibit 1
Cash/Pooled Investments
Restricted assets: Cash/Investments
Total
Note 2
Cash
Restricted assets: Cash
Investments
Total
$13,387,118
4,276,622
� 17 663,740
$ (411,681)
24,980
�$,OSO
�17 663,740
NOTE 3- FIXED ASSETS, NET OF ACCUMULATED DEPRECIATION
The following is a summary of the chanQes in general fixed assets for fiscal 1999:
�
Land
Buildings
Assets under capital lease
Machinery, equipment, and
other assets
Marana Park
Leasehold improvements
Total
Balance
�y 1 1998 �►dditions
� 63,293 $ 451,101
345,449 826,282
762,373 _
1,817,942 543,617
5�5,090 436,81�
�16.162 ��7 9
�3 760.309 �?,��
Balance
De eti ,Iune 30, 1999
� (5,009) $ 509,385
(61,181) 1,110,550
(48,625) 713,748
(644,540) 1,717,019
- 991,90�
464.157
$(7�9--�'� ��.SOfi.764
? �}
TOWN OF i�IARAl`1A, AKIZONA
NOTES TO COI�INED FINANCIAL STATEMENTS
June 30,1999
NOTE 3- FIYED ASSETS, NET OF ACCUI�IULATED DEPRECIATION
(Continued)
A summary of enterprise fund property, plant, and equipment at June 30, 1999 is as
follows:
Land
Water rights
Improvements, including wells and tanks
�Iachinery, equipment, and other assets
Asset under capital lease
Organization costs
Total
Less accumulated depreciation and amortization
Fised assets, net
NOTE 4 - TNTERFUND TRANSACTIONS
$ 14,720
50,000
2,523,401
45,157
26,541
54,737
2,714,556
� 272 8731
4�4 ''
A. Amounts due to/from other funds at June 3Q,1999 are as follows:
The amount due to the General Fund is due from:
Special Revenue:
.99$ Community Development Block Grant
House Plan Program
COPS Grant
GITEM
HIDTA
MANTIS
Auto Theft
Highway User Revenue
Capital Projects
1997 General Obliaation
Enterprise:
Water
Total
The amount due to Special Revenue Funds is as follo���s:
$ 65,104
4,136
12.169
22,727
8,795
5,972
10,066
18,5�3
537,668
190.374
� 87� 614
The amount due to HON1E Pro,ram is due from the General Fund � 2.294
The amount due to CJEF CouR Fund is due from the General Fund 1�. � l 3
The amount due to P�G l�°'a Funds is due from the General Fund 64.=�70
Total `� 82.077
21
TOtiin1 OF YIARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
.�une 30,1999
NOTE 4 - INTERFUND TRAI�iSACTIONS (Continued}
A. Amounts due to/from other funds at June 30 1999 are as follows: (Continued)
The amount due to Capital Project Funds is as follows:
The amount due to Other Capital Project Funds is due from the
the General Fund
The amount due to Enterprise Funds is as follows:
', . 111
The amount due to the Water Fund is due from the 1997 General
Obligation in the Capital Projects Funds $ 21 Q,102
'
'
C�
,
'
�
,
�
B. RPsidual Ec�uity Transfers In/Out:
The amount transferred to the Enterprise Funds is as follows:
The amount transferred to the Water Fund was transferred from
the 1997 General Obligation in the Capital Projects Funds
The amount transfened to the Airport Authority was transferred
from the General Fund
Total
NOTE 5 - CAPITAL LEASES
$ 792,613
222 439
$I,915�52
� The Town has previously entered into several lon� term capital leases involving the
acquisition of equipment for the Enterprise/Water Fund and General Town purposes;
these commitments are eYpected to be funded by water user fees and the Town's General
and Special Revenue Funds. Below is a schedule by years of future minimum lease
payments under the capital leases as of June 30, 1999:
Fiscal Year
Ending June 30.
2000
2001
Total minimum lease payments
Less amount representina interest
Present value of net minimum lease payments
Water General Long-
Funcl Term
� 7,263 $ 80,043
- 27
7,263 132,311
.� 239) ___(1.� 42.)
�4 �� 4
,
�
C�
'
�
�
l _�
�
�
,
��
'
TOWPi OF MARAi�1A, ARIZONA
NOTES TO CONIBINED FINANCIAL STATEMENTS
June 30,1999
NOTE 6- LONG - TER'�I DEBT
During 1998, the Town's enterprise/water fund was advanced funds under a zero-interest
loan in the amount of �83,000 for the purchase of fixed assets for the water system,
collateralized by two storaae tanks in the water system and requiring monthly payments
of $733 over a ten year term.
During 1998, a capital improvement project in the capital project funds was financed by a
ta�cpayer. Under this unsecured agreement, the Town agreed to repay the taYpayer the
total cost of $66�,881 for this project under a zero-interest repayment plan based on
quarterly payments of 33% of the Town sales ta.x collected by the Town from local
businesses within the general vicinity of the improvements created by this project. Based
on initial payments and calculations, it is estimated annual repayments will be
approximately $85,000 per year.
The following is a schedule by years of the debt service requirements for this note
payable in the water fund and contract payable in the general long-term debt account
group as of June 30, 1999:
Fiscal Year Water General Long-
Endin� June 30, F�u ..� Term Debt
2000
2001
2002
2003
2004
Thereafter
Total
Less amount representinQ interest
Principal
$ 8,800
8,800
8,800
8,800
8,800
� �
79,200
-� - )
7$ 9•200
$ 85,000
85,000
85,000
85,004
85,000
54.565
479,56�
L—)
4 9 ,�
A reconciliation of lonQ-term debt for the Water Fund at June 30, 1999 is as follo�vs:
Note payable
Capital Lease
Total
$ 79,200
7 2�
, � �?� �
,;
TOWN OF VIARANA, ARIZONA
NOTES TO COMBINED FINANCIAI. STATEiY1ENTS
June 30,1999
,,
NOTE 6- LONG - TERM DEBT (Continued)
The following is a summary of changes in general long-term debt activity for fiscal 1999:
Revenue Bonds (A)
Compensated absences (B)
Contract payable
Capital leases
Total
$alances Balances
at July 1, 7une 30,
1 g98 A ditions Reductions 1429_
$8,175,Q00 $ - $(245,000) $7,930,Q00
146,496 35,128 - 181,624
594,413 - (114,848) 479,565
2�4 4 __—_-_— �) � 4
�9 40- 97 � 2 �.(4�?2� ��' 9
A. Revenue Bonds
The 1997 Series Revenue Bonds are callable as follows:
Redem�tion Dates
7-1-2008 and 1-1-2009
7-1-2009 and 1-1-2010
7-1-2010 and thereafter
Redemption Price (As
a Percent of Princi�a�
101.0%
100.5
100.0
Annual �ebt service requirements to maturity for these revenue bonds are as foIlows:
Fiscal Year
F�nding.June 30,
2000
2001
2002
2003
2004
Thereafter
Total �
Less amount representing interest
Principul
B. omnensated Absences
1997 Series
Bonds
$ 785,250
788,450
785,623
791,4�4
790,873
8 14�.440
12,037,090
� 4.I57,090)
� 7_„930.000
This consists of the lon`�-term gortion of accrued vacation and compensatory time, �vith
an increase of $35,12g for tiscat 1999.
�a
Towiv oF �iaxANa, ax�zo�a
NOTES TO COMBINED FINANCIAL STATEMENTS
Jnne 30,1999
NOTE 7- ADVANCED REFUi�1DING/DEFEASANCE OF DEBT
Part of the proceeds ($592,753) from the 1997 Series Revenue Bonds were used to refund
both the 1990 and 1992 Series Revenue Bonds. The two debt issues refunded had
remaining outstanding balances totaling $545,000. The purpose of the refundina was to
take advantage of lower interest rates, as well as to restructure future debt service
payments. This refunding decreased the Town's total debt requirements by $178,QOI and
resulted in an estimated economic gain (the difference between the present value of the
debt service payments on the old and new debt) of $72,934.
The proceeds from this advanced refundin� were deposited in trust with an escrow
agency and invested in U.S. Govemmental Securities which are designed to meet the
requirements of the refunded debt. This trust is administered by a trustee and is restricted
to the retirement of the refunded debt. As a result, the refunded bonds met the
requirements of an in-substance debt defeasance and the debt associated with the
refunded issues, as well as the trust assets, were removed from the Town's fmancial
statements. At June 30, 1999 the amount of outstanding principal relative to the 1992
Series Revenue Bonds was $290,000 with the 1990 Series Revenue Bonds fully
redeemed during fiscal 1999.
NOTE 8- EMPLOYEE RETIREMENT SYSTEMS
A. Arizona Public Safetv Retirement Svstem
All of the Town's full-time police officers are covered by the Marana Marshal's Arizona
Public Safety Personnel Retirement System, which is an aaent /multiple-emgloyer
administered by the fund manaaer of the Arizona Public Safety Personnel Retirement
System, defined benefit public employee retirement system (PERS). Authority to
establish and amend the benefit provisions of this pension plan is established by Arizona
State statute. The State of Arizona Public Safety Personnel Retirement System issues a
publicly available financial report that includes financial statements and required
supplemental information for the Nlarana Nlarshal's plan. This report may be obtained by
writing to the Arizona Public Safety Personnel Retirement System 1020 E_ Ntissouri
Phoenix, Arizona 8�014.
-, �
TOWN OF MARANA, ARIZONA
NOTES TO CO�INED FINANCIAL STATEMENTS
June 30,1999
NOTE 8- ElVIPLOYEE RETIRElV1ENT SYSTEMS (Continued)
A. Ar'�ona Public Safetv Retirement �vstem (Continued)
The pension plan provides pension benefits, defened allowances, death and disability
benefits and limited health insurance benefits. A member is eligible if he is employed in
a covered position prior to attaining age 50 years, for at least 20 hours a week for more
than 6 months a year. A member may retire after reaching the aQe of 62 and completion
of 15 years service, or completion of 20 years service with the Town. Benefits vest after
10 years of credited service. Police officers who retire with 2� or more years of credited
service are entitled to monthly pension payments for the remainder of their lives equal to
50% of average monthly compensation for the first 20 yeazs of credited service with the
Town, plus 2/2% of average monthly compensation for each year of credited service
above 20 years with the Town. Police officers who retire with 20 years of credited
service with the Town, plus 2% of average monthly compensation for each year of
credited service between 20 and 2� years with the Town. Police officers who retire with
less than 20 yeazs of credited service with the Town are entitled to monthly pension
payments for the remainder of their lives equal to the average monthly compensation for
the entire service period reduced at a rate of 4% a year for each service year below 20
years of service. The ma�cimum monthly pension payment cannot exceed 80% of the
averaQe monthly compensation.
Pension provisions include deferred allowances whereby a police officer may terminate
his employment with the Town after accumulating 10 or more years credited service.
Pension benefits are then equal to twice the amount of pension benefits based on the
' police officer's accumulated contributions. If the police officer does not withdraw his
accumulated contributions, the police officer is entitled to these pension benefits upon
reaching the age of 62.
�6
'
'
,
'
'
�
i
IJ
,
i
i
�
,
i
�
�
�
'
'
�
�
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCI� STATEMENTS
June 30,1999
r--,
il �
�
�
,
,
��
,
NOTE 8- EMPLOYEE RETIRElV1ENT SYSTE�I�IS (Continued)
A. Arizona Public Safetv R°*�Y°r"P�,t Svstem (Continued)
Pension provisions include disability and death benefits. Disabled officers are entitled to
monthly payments for life of 50% of their average monthly compensation or normal
pension amount, whichever is greater, if their disability is service connected, regardless
of years of credited service. Average monthly compensation (AMC) is one-thirty-sixth of
total compensation paid a member during the 3 yeazs, out of the last 10 years of credited
service, in which the amount paid was hiDhest. If the police officer's disability was not
service connected, the disabled officer is entitled to monthly payments for life of 2�%
of AMC, if the credited service is less than 7 years, 50% of AMC, if the credited service
is 7 through 13 years, or 75% of AMC, if the credited service is 14 through 19 years. If
the police o�cer is only temporarily disabled, he is entided to monthly payments equal to
one-twelfth of 50% of compensation paid during the year preceding the date the disability
was incurred. The payments terminate after 12 months or prior recovery. Surviving
spouses are entitled to two-thirds of the monthly payments, or 100% if duty related, the
deceased active police officer would have been paid for disability or, in the case of a
retired police officer, two-thirds of the retired o�cer's monthly pension payments. To
qualify as a surviving spouse, the spouse must have been married to the deceased for at
least 2 years. The spouse's benefits terminate upon her death. Each dependent child of a
deceased police officer is entitled to one-ninth of the monthly payments the deceased
active police officer would have been paid for disability or, in the case of a retired police
officer, one-ninth of the retired officer's monthly pension payments. �Vhen the dependent
child reaches the age of 18 or 23, if the dependent is a fizll-time student, the monthly
payments will terminate.
�" Pension provisions include health insurance benefits, whereby the retired police officer or
his surviving spouse can elect to be covered by a health insurance plan provided by the
Town or State of Arizona. The retired P aed mo� per h plu san amount
coverage. However, they cannot be char�
up to $47.50 per month for dependent coverage, if any.
The Town's current year payroll for eliaible police officers amounted to approYimately
$1,590,000.
Police officers of the To�m are required to pay 7.6�% of their gross earnings to the
pension plan. The To�vn makes periodic contributions to the pension plan at actuarially
determined rates that, eYpressed as percentaQes of annual covered payroll, are desianed to
accumulate sufficient assets to pay benetits �vhen due. The normal cost and actuarial
accrued liability are determined using an entry age actuarial funding method. Unfunded
actuarial accrued liabilities are bein�� amortized as a leve! percent of payroll over an open
period of 20 yenrs starting July l, 1999. Durin�7 1999, the To�vn was required to
contribute 6.3�% of its police officers' covered payroll to the plan.
��
TOWN OF lY1ARANA, AR�ZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30,1999
NOTE 8- EVIPLOYEE RETIREMENT SYSTENIS (Continued)
A. Ar'�ona Public Safetv Retirement v tem (Continued)
The contribution requirements of plan members are established and maybe amended by
Arizona State statute. The Arizona Public Safety Personnel Retirement System's funding
policy provides for actuarially determined employer contributions at rates which will
provide assets sufficient to pay benefits when due. This funding policy/objective is stated
in the Arizona State statutes.
Total contributions made durinQ fisca11999 were $222,390, of which $100,783 was made
by the Town and $121,607 was made by police officers. The pension contributions
represent funding for normal cost and the amortization of the unfunded actuarial accrued
liability.
A variety of significant actuarial assumptions are used as of June 30, 1999, to determine
the standardized measure of the entry age actuarial accrued liability and these
assumptions are summarized below:
.
.
1
The present value of future pension payments is computed by usin� a discount rate of
9%. The discount rate is equal to the estimated lon� term rate of return on current
and future investments of the pension plan.
Future pension payments reflect an assumption of 6.�% (compounded annually)
salary increases as a result of inflation.
Future pension payments reflect an assumptian of additional projected salary
increases rangin� from 0.0% to 3.0% per year, depending on a�e, attributable to
seniority/merit.
The actuarial value of the assets was determined using techniques that smooth the effects
of short-term volatility in the market value of investments over a four year period.
The standardized measure of the unfunded actuarial accrued liability as of June 30, 1999
is as follows:
Active members � 2,871,501
Retired members and beneficiaries currently receivina benefits 274,296
Vested terminated members not yet receivin, benefits '�'
Total actuarial accrued liability 3,14�,797
Actuariat value of assets 3 374.g68
Unfunded actuarial accrued liability
�L��9 071)
�
�
'J �
,
'
�� �� �
TOWN OF MARANA, AR�ZONA
NOTES TO COIV�INED FINANCIAL STATEMENTS
June 30,1999
NOTE 8- EMPLOYEE RETIREIVIENT SYSTElVIS (Continued)
A. ArLOna Public Safetv� �ent vstem (Continued)
Re�uired Sunnlemental Information
SC'n DULE OF EMPLOj'F'R CONTRIBU'�IONS
Fiscal Annual
Year Ended Required
�� C'ontribution
`- Valuation
Date
lune 30
1996
1997
1993
1999
Percent
C'nntributed
0
1993 $ 18,629 100.0 0
1994 34,052 100.0%
1995 50,947 100.0%
1996 53,775 100.Q%
1997 62,948 100.0%
1998 66,970 100.0%
1999 100,78� 100.0%
SCHFDITi�F OF FUNDIN(� PROGRF�
(6)
Unfunded
��� AAL as a
(i) Entry Aee �(3) (4) (�) Percentage
Actuarial Actuarial Percent Unfunded Annual of Covered
Value of Accrued Funded AAL Covered Payr 1ll
et i��biii (AAL) l l� (21-(ll P vr 1 4/"
$ 1,462,76� 51,26Q,4�9 116.1% $ (202,�04) $ 96�,119 - %
1,9�6,0�9 1,&62,109 10�.0 (93,9�0) l;?7�,174 -%
2,�27,434 2,133,693 11�.� (338,736) 1,393,167 -°/a
3,374,368 3,14�,797 107.3 (229,071) 1,737,�09 - %
: `>
TOWN OF MARANA, ARIZONA
NOTES TO COI�INED FINANCIAL STATElVIENTS
June 30,1999
NOTE 8- ENIPLOYEE RETIRE�+IENT SYSTEMS (Continued)
A. Ari�ona Public Safet Retirement System (Continued)
Re�uired un�lemental Information (Continued)
Fiscal
Year Ended
June 30,
1996
1997
1998
1999
Four Year Trend Information
Annual
Pension
a t �-1pC)
Percent
Contributed
Net Pension
' ti
$ 58,775
62,948
66,970
100,?83
100.0%
100.0
100.0
100.0
�a
0
0
0
No changes in actuarial assumptions or benefit provisions that would significantly affect
the valuation of the unfunded actuarial accrued liabilities occurred during fiscal 1999.
DurinQ fiscal 1999 and as of June 30, 1999, the Marana Marshal's Arizona PERS held no
securiti�s :ssued by the Town or ather related parties.
B. Town of Marana Retirement Plan
Effective July l, 1995, the Town established a Money Purchase Plan and Trust known as
the Town of Marana Retirement Plan (Plan) in the form of the International City
Management Association Retirement Corporation Prototype Money Purchase Plan and
Trust. The prototype plan is qualified under Section 401 of the Internal Revenue Code.
The Plan is a defined contribution plan that provides pension benefits for all full-time
employees and permanent part-time employees, except for commissioned police
personnel who are covered under the Arizona Public Safety Personnel Retirement
System. In a defined contribution plan, benefits depend solely on amounts contributed to
the plan plus investment earnings. Employees are eligible to participate from the date of
employment. The Plan requires that both the employee and the Town contribute an
amount equal to 4% of the employe�'s biweekly earninQs, �vhich includes overtime and
bonuses. The Town's contributions for each employee (and interest allocated to the
zmployee's account) are fiillv vested after five years of continuous service.
�
C. J
'
'
' I
;�
�
TOWN 4F MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30,1999
�
'
'
'
'
'
NOTE 8- EiI�IPLOYEE RETIRElVIENT SYSTENIS (Continued)
B. Town of Marana Retirement Plan (Continued)
Town contributions for, and interest forfeited by, employees who leave employment
before five years of service are used to reduce the Town's current-period contribution
requirement.
The Town's total payroll in fiscal year 1999 was approximately $4,010,000. The Town's
contributions were calculated using the earnings amount of appro�mately $2,563,000.
For fiscal 1999, the covered employees made the required 4% contribution, amounting to
$102,506, with the Town making a smaller contribution due to the application of
forfeitures, amounting to $94,393 for a total of $196,899.
C. Postem�lovment Benefits
The Town offers no postemployment benefits to employees other than the previausly
discussed retirement plans.
NOTi E 5-_ RISK MANAGEl�1ENT
�
The Town is eYposed to various risks of loss related to torts; theft of, damage to and
destruction of assets; enors and omissions; and natural disasters. The Town's insurance
protection is provided by the Arizona Municipal Risk Retention Pool, of which the Town
is a participating member. The limit for basis coverage is for $2,000,000 per occurrence
on a claims made purpose. EYCess coverage is for an additional $3,000,000 per
occurrence on a follow form, claims made basis.
The Arizona Municipal Risk Retention Pool is structured such that member premiums are
based on an actuarial review that will provide adequate reserves to allow the pool to meet
its expected financial obliaations. The pool has the authority to assess its members
additional premiums should reserves and annual premiums be insufficient to meet the
pool's obliaations. For the fiscal years ended June 30, 1999, 1998, and 1997 there �vere
no settlements throu�h the pool for the To�vn that exceeded insurance covera��e.
Workers' compensation insurance is placed throu<�h the State Compensation Fund.
;l
TOWN OF MAR��1A, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30,1999
NOTE 10 - EXCESS OF EXPENDITURES OVER APPROPRIATIONS IN
INDIVIDUAL FUNDS
For fiscal year 1999, esgenditures exceeded authorized appropriations in the following
individual special revenue funds:
GITEM
MANTIS
LTAF
$ 14,692
8,032
10,336
The eYCess expenditures for all of these funds were covered by grant revenues.
At June 30, 1999, there were no individual funds with a deficit fund balance.
NOTE 11- COMMITMENTS AND CONTINGENCIES
The Town is continuously liable with respect to other claims incidental to the ardinary
course of its operations. At June 30, 1999, it is the opinion of Town management, based
on the advice of the Town Attorney and outside counsel, that any such claims would not
have a material effect on the Town's financial position.
The Town leases office space for its development and planning, police, and magistrate
court departments under noncancelable, lonQ-term operating leases with expirations of
November 1999 through November 200I. Two of these leases requires the Town to pay
� 1 its share of real estate taxes, common area charges, and management fees. These same
leases require annual adjustments for increases in the Town's share of real estate taYes,
common area charQes, and mana�ement fees. However, the increased related to
controllable common area charges and manaQement fees by the landlord cannot increase
more than 4.5% over the prior year. One lease contains two five-year renewal options
and a second lease contains one twa-year renewal option at a monthly base rent of either
the then escalated rental rate or 90% of the prevailing market rental rate at the time of
renewal, and the third lease contains one three-year renewal option at a monthly base rent
of $2,836, plus an adjustment for the increase in the Consumer Price Inde:c (CPI) for the
previous three years at the time of renetival.
;�
C
'
�
�'
�
'
LJ
TOWN OF MARA��IA, AR�ZONA
NOTES TO CONIBINED FPiANCIAL STATEMENTS
June 30,1999
NOTE 11 - CO�I�IMITib1ENTS AND CONTINGENCIES (Continued)
These leases provide for payments of minimum annual rentals as follows, eYCluding real
estate taxes, common area charges, management fees, and sales t�es:
Years Ending
June 30,
2000
2001
2002
Total
$124,167
102,538
2 312
�249.0 lZ
Minimum annual rentals above includes the renewal option eYercised subsequent to year
end but excludes annual rental under the remaining renewal options as of June 30, 1999.
Rent expense under the above leases for fiscal 1999 ag�'egated $156,032.
NOTE 12 - WATER PRODUCTION CONTRACT
The Town has a contract with Cortaro Water Users to produce substantially all of its
water. - Under the contract, the Town pays Cortaro a rate based on water
production/usage. The rates charged are on a tiered-rate structure which provide a
discount for larger volumes of water produced and are subject to annual adjustments.
Water production eYpense under this contract for the year ended June 30, 1999 was
�:
$b9,659.
NOTE 13 - RELATED PARTY TRANSACTIONS
During fiscal 1999, the Town passed throuah $4�,OQ0 of its Community Development
Block Grant Programs to a local non-profit health care aaency. The Town's former
mayor is the eYecutive director of this health care aQencv. Before makina these
e:cpenditures, the Town Council discussed and approved the budget for these
expenditures, which �vere also approved by Pima County (the Town's arantor for
Community Development Block Grants). The former mayor did not participate in the
presentation, discussion. or approval of these e�cpenditures.
;;
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEiVIENTS
June 30,1999
NOTE 14 - SUBSEQUENT EVENT
On October l, 1999, the Town completed the acquisition of the Marana Airport from
Pima County. During fiscal 1999, a deposit for the full purchase price of $207,090 was
made with Pima County for this acquisition. The Town has established the Airport
Authority as an Enterprise Fund to reflect the activities of the Marana Airport.
�
These notes are an inte�ral part of the
accompanyinQ combined �nancial statements.
;1
REQUIRED SUPPLENIENTAL INFOR�riATION
3�
TOWN OF MARANA, ARIZON:�
REQUIRED SUPPLEI�IENTAL IPIFOR1VI�iTION - YEAR 2000 Issue
June 30,1999
The year 2000 issues is the result of shortcomings in many electronic data processinQ
systems and other electronic equipment that may adversely affect the Town's operations
during fiscal yeaz 2000.
The Town has completed an inventory of computer systems and other electronic
equipment that may be afFected by the year 2000 issue and that are necessary to
conductinQ Town operations. Based on this inventory, Town management believes that
its existing hazdware and software are year 2000 compliant. In fact, there has been no
problems esperienced wzth the start of fiscal year 2000 that began July l, 1999. In
addition, the Town implemented a policy during fiscal 1998 that it will only make
purchases of hardwaze and software that are identified as year 2000 comgliant. Town
management does not believe it is necessary to do any further or formai testing and
validations of the systems.
Because of the unprecedented nature of the year 2000 issue, its effects and the success of
any related future remediation efforts will not be fully determinable until the year 2000
and thereafter. Town manaaement cannot assure that the Town is or will be year 2000
ready, that any future Totivn remediation efforts will be successful in whole or in part, or
that parties with whom the Town does business wiil be year 2000 ready.
�;
�1
�
�
; f,
'
'
�
'
CI
'
�
�
1
��
�
1
0
1
1
1
�'
COl��IBINING
�
INDIVIDUAL
F UND AND
AC C OUNT
GROUP
STATEMEl�TS
1
'
'
STATEMENTS A
GENERAL FUND
The General Fund accounts for all revenues and expenditures used to finance the
traditional services associated with a municipal government w�ich are not accounted for
in other funds. In Marana, these services include general government, development and
planning services, town attorney, police, magistrate court, anc� public works.
e
TOWN OF MARANA, ARIZONA
COMPARATIVE BALANCE SHEETS
GENERAL FUND — EXHfBIT A-7
June 30, 1999 and 1998
ASSETS
Cash�Pooled Investments
Receivables:
Taxes
Other
Prepaid expenditures
Due from other funds
TOTAL ASSETS
1999
$ 13.387,118
t ,063,722
437,962
40,000
875,614
g 15 804,416
LIABILITIES AND FUND EL]UITY
LIABILITIES
Accounts payabie and accrued liabilities $ 908,505
Due to other funds 358,077
Deferred revenue 291,006
Total liabilities � �
FUND EGlUITY
Reserved for prepaid expenditures
Unreserved fund balances
Total fund equity
40,000
14,206,828
14,246,828
TOTAL LIABILITIES AND FUND EG�UIIY � 15.804,416
3 s
37
1998
$ 11,298,305
791,778
62, 544
42,000
70, 602
$ 12.265.229
$ 1,595,950
326,207
126,280
2,048,437
42,OQ0
10,174,792
10.216.792
� 12,2s�,22s
TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGcS IN UNRESEAVED
FUND BALANCE - BUDGET AND ACT1tAL
GENEAAL FUND - EXNIBIT A-2
Year Ended June 30, 1999
Variance -
Favorable
Actual 6udget (Unfavorable)
REVENUES
Taxes
Town sales tax
Town sales tax audits
$10,027,913 $ 9.175,437 $ 852,476
366,653 - 366,653
Totaltaxes
Other agencies
Sales taxes - state
State revenue sharing
Auto lieu taxes - state
Total other agencies
Licenses, fees and permits
Building permits
Development fees
Cable television franchise fees
Business licenses
Other
Totai licenses, fees and permits
Fines, farfeitures and penaities;
Town court fines
Interest
Miscellaneous
Other
Airport and ccnti^gent revenue
Balance available from prior years
Total miscellaneous
Total revenues
OTHEA FINANCIAL SOURCES
10,394,566 9,17a,437 1,219,129
488,576 459,704 28,872
610,580 610,847 (287)
185,597 120,000 65,597
1,284,753 1,190,551 94,202
2,368,600 1,921,859 446,741
50"6,442 - 506,442
46,762 36,000 10,762
18,585 t7,000 1,585
69,435 S5,Q00 54,435
3,069, 824 1,969, 859 1, 079,965
214,676 440,000 74,676
745,036 a50,Q00 495,036
48,So9 60,000 (11,431)
- 1,ta0,000 (i,100,000)
- 1,800,000 (1,800,000)
48,569 2,960,000 (2.911,431)
15,757,424 1&,005,847 (248,423)
Bond proceeds - 1,6a5,491 (1,645,491)
Total revenues and other financial
sources 15,757,424 17,651,338 (1,893,914)
EXPENDITURES
General government
Other general government
Contractual services
Commodities
Special programs
Other
Cantingency
Debt service
Total other general government
21 g,g51 242,000 22,349
243 - (243)
657, 52 2 1, 936, 000 1, 278, 478
430,188 1,049,000 618,812
- 5,158,505 1,158,505
230,423 t,i08,800 878,377
1,538,027 5,494,305 3,950",278
38
,
❑
�
,
�
'
��
�
'
�
�
'
L�
�
'
�
'
'
�
TOWN OF MARANA, ARIZONA
STATEMENT OF REYENUES, EXPENDITURES AND CHANGES IN UNRESEAVED
FUND BALANCE - BUDGET AND ACTUAL
GENEAAL FUND - EXHIBIT A-2 (Continued)
Year Ended June 30, 1999
EXPENDITURES (continued)
General government (continued)
Mayor and council
Contractual services
Commodities
Other
Capitai outlay
Total mayor and council
Variance -
Favorable
Actual Budget (Unfavcrable)
$ 703 $ 3.35� $ 2,647
3,404 7,440 4,036
17,035 22,830 5,795
_ 1,000 1, 000
21,142 34,620 13, 478
Human resources
Personal services
Contractual services
Commodities
Speciai programs
Other
Capitai outlay
Total human resources
Accounting and finance
Personal services
Contractual services
Commodities
Other
Total accounting and finance
81,080 78,437 (2,643)
9,360 12,000 2,640
2,685 - (2,685)
_ 19,600 19, 600
71,049 40,748 (30,301)
_ 5,000 5,000
164,174 155.785 (8,389)
106,047 127,527 21,480
30,754 27,450 (3,304)
7,280 9,175 1,895
6,072 9,328 3,256
150,153 173,480 23,327
Town Clerk
Personal services 140,782 142,450 1,668
Contractual services 25,407 36,180 10,773
Gbmmodities 15,395 15,724 329
Other 36,450 46,060 9,610
Total Town C1erk 218,034 240,414 22,380
Town Manager
Personal services
Contractual services
Commodities
Other
Contingency
Capital outlay
Total Town Manager
Total generai government
186,546 233,034 46,488
145,355 217,735 72,380
12,362 8,802 (3,560)
7,241 17,025 9,784
_ 100,000 100,000
_ 18,000 18,000
351,504 594,596 243,092
2,443,034 6,693,200 4,250,160
39
TOWN OF MARANA, AAIZONA
STATEMENT OF REVENUES, EXPENDITURES AND CHANG�S fN UNRESEAVED
FUND BALANCE - BUDG�T AND ACTUAL
GENERAL FUND - EXHIBIT A-2 (Continuedj
Year Ended June 30, 1999
EXPENDITURES (continued)
Development and planning szrvices
Building services
Personal services
Contractual services
Commodities
Other
Capital outfay
Total building services
Planning and zoning
Personal services
Contractuai services
Commodities
Other
Total pianning and zoning
Total development and planning
services
Town attorney
Tax
Water
Prosecuticn -
Annexation
General services
Condemnations and acquisitions
Total town attorney
�,
Police
Personal services
Contractual services
Commodities
Other
Capital outlay
Total police
Magistrate court
Personal services
Contractual services
Commodities
Other
Capital outlay
Total magistrate court
Variance -
Favorable
Actual Budget (Unf�iarabie)
$ 35&,140 $ 348,780 $ (7,360)
7,323 1 g,200 11, 877
t8,899 t2,600 (6,299)
52,614 15,6�0 3,036
- 1,400 _ 1,400
394,976 3�7,630 2,654
283,062 3t3,868 30,806
51,126 73,500 22,374
14,593 40,400 (1,193)
22,703 23,908 1,205
368,484 424,676 53,192
7fi3,460 859,306 55,846
8,139 10, 000 1, 861
23,621 24,Q00 379
113,424 100,000 (13,124)
4,429 1Q,000 5,571
95,389 150,000 �4,611
35,430 33,000 (2,43Q)
280,132 327,000 46,868
1,901,535 1,89Q,050 (11,485)
180,814 n3,300 (87,514)
99, 949 10Q, 950 1, 001
62,487 69,650 7,163
352,787 415,000 62,213
2.5s7,572 2,ssa,sso �za,s22)
218,468 228,292 9,824
49,231 50,200 969
27,774 10,000 (17,774)
9,178 13, 850 4, 672
- 32,500 32,500
304,651 334,842 30,191
ao
'
�
��
�
�
�
�
�
�
�
'
,
'
'
�
�
�
�I
TOWN OF MAfiANA, AAIZONA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN UNRESERVED
FUND BALANCE — BUDGET A1VD ACTUAL
GENERAL FUND — EXHIBIT A-2 (Continued)
Year Ended June 30, 1999
EXPENDITURES (continued)
Pubiic works
Personal services
Contractuai services
Commodities
Other
Capital improveme�t projects
Capital outiay
Total public works
Variance —
Favorable
Actual Budget (Unfavorable)
g 70g,gp7 � 825,980 $ 116,373
1,905,705 2,117,637 211,932
181.772 199, 300 17, 528
90,534 72,025 (18,509)
— 3,448,353 3,448,353
138.967 157,150 18,183
3,026,585 6,820,445 3,793,860
Totai expenditures 9,415,434 17,563,743 8,148,309
OTHER FINANClAL USES
Transfers to otherfunds 2,089.515 — (2,089,515)
Total expenditures and other
financial uses 11,504,949 17,563,743 6,058,794
Excess of revenues and other
financial sources over expend—
itures and otherfinancial uses
OTHEA CHANGES IN FllND EQUITY
Decrease in reserve for prepaid expenditures
Residual equity trarisfers out
UNRESERVED FUND BALANCE,
BEGINNING
UNRESERVED FUND BALANGE,
ENGI�:G
4,252,475 $ 87,595 � 4,164,880
2,000
(222.439)
10,174,792
$14,206,828
41
STATEl�1ENTS B
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for revenues derived from specific taxes or
other earmarked revenue sources. They are usually required by statute or Federal grant
regulation to record particular operating functions of the Town.
Federal Grant Funds - includes the Community Development Block Grants, the HOME
Program, the COPS Grant, GITEM, HIDTA, MANTIS, House Plan Program, LLBDG
Grant, and 402 Grant. The separate funds have been established to account for grant
revenues and to provide compliance with Federal grant regulations.
Other Grant Funds - includes CJEF Court Fund, RICO, Auto Theft, LTAF, Highway
User Revenue, and PAG 15% Funds. These funds are non-federal funds required by
Arizona Statutes to be used for police or public works expenditures.
3
I
�!
F
�I
�
m
F-
O�
N=W
N
aWl�
.0 y o�
Z Z C Q
2
Q m u o
�C7j c
Ozw�
Z m W
� � �
F-UQ
U
W
d
U'� i
I
Oi U
Qi
�
LL � al
� O j'
UU�
N C
m
O�
c
� �
d � N Q
�
o a i
I
W
O �
= ol
d�
y C I
� ��
� j � �I
m � O Y
�d�� a>o
U�mi
I
n �.I n � �I i I ��i
n � ^�� n �I aq
i n
N N;I N I N � NI
N N. N N NI
I I I I� I I I I' I
( �
I �
�� � I �i
O� Oi O OI OI
� m� � �' �I
QI ��
a � N N N
I I N N I I I I I � I
I
i
�I � �i
l7 P7.�� l7i l7� �7i
af e1!� r�i af c�l
^ ��I �nl uii �i
I 1 I I( I f I�
I
I
�
� � � �i
, �I
0 0� o m� �i
T NII � � NI
I 4 ��I I 1 I I I
i
i
I
u, �� y "'j
�o io'I m �n �oi
co ao�.l m m `'i
� � � � � a I ` I I I vl
i
� �� � �i
o a vi �i v! v�
� N N�I NI N� NI
� N ��� NI N NI
� N �, , I I I I I I
I
�
» vr, ds � dfi
i
T p• : i O Oj ^�
i
� � E ��� �� 1� � I I I �I
i I �
» er� «� ! � ��'�
i
W
U
,� 2
m g
W ;a ¢
U � m
2 = �
g a z
y N
Q � �
U H N u'
O � Q V C
a Z � d R � Q
C tL m N U Q � fA
C
'2 � � n C 3 w W m c m W
a� H N Z m� c := V i Il F
m L � � a R `y � � Z ` � C �.1
� o� y m m °' t !� g �> ,� ra
� E a� y w w "o� Q „� � ¢
� >� o o N a F = . F � a � m � > N �
LLj U L d N Q J � U� y H C �� F— Q
� Q� p� U C m � Q � � Z 2� f"
Q Q 7 O
¢ - � � F
�
ai
�
c
O �
U �
�
�
�
c
c
�
U
Z�I
0 W 0]
_
� N m
¢ W—�
_
2 Z � �
<Q�o
Qm y
�C7Z c
LL Z � �
� Z �
ZtG�
� �
Z
O
W
�
J 1
Q
U
w
a
y
NI
��
FI
I
\
0 y
� �
� 7
Q LL
a.
� �
c
t N d
Q� d
_ [L
o �
�
¢F
�
H
2
Q
�
H
�
S
0o n o I u��
d' � � I ��
a0 � N �
r N
N �
O OI
n nl
� CI
� Qi
I m ( m�
� ,
�
� �i
� Q �
uS �tii
� ' ( �.
w �
�o roi
0 oi
o � � oi
w
N �`1�I
� Wi
N �1I I
�
H �
� ��I
r� n.
� �i
1 I
I
� �;,�
�
c l
L �
m y
01 N t
L N W
m o �
� � d y
!/7 � � V L a
a� L '^' ,� � J
� y Q � y U Q
� � o� �
a �
r�i n �� nl
� � �T QI
� V m N
r N
N
n� r
O �
� 1 � m
�
a � ��
m �n c �
� � �
�
�
0 0
�o� o
N NI
� ��
vi �o �
I I
H
� �i
r. n i
� ��
i I
� � I
N
m
W �
U ^+
2 �
5 �
Q 2
m V
C �
Z C
� �
LL � � m N
Q tI C 7 m
Z m � � :=
a� �
Q W 0 > �
� y a m m
W W c m ro
F' H � � p
J -1 V m v I-
m m V 7 m
a a aoo
J -1
��i�;�i
R in Oi 011
N P1 �DI NI
I
� I
OI
n�
Q.
� � � ml
�i
�
�I
vi
��
I I I
w�
m�
oi
I I I °!
� �
i NI
� n.
�F
�
I I i
i
�1
1 �II
i n�
�i
I l I �
i I
i i
�i�
W
U
2
g
a
n
�
a Z
� LL
H N
a V 0
� C Z
d � U a
U n C y
� W
W � a m
U � ~
� �L 'Q J
� � C �
g 3> � <
< > v � .�
� N N � J
m �
C � c Q
Z � � O
� �
v
N
W
U
2
Q
J
Q
m
O
Z
�
LL
Z
N
W
C7
Z N
a I
=m
U F
QZm
pa=�
NyW�
a � � o
7 y 07
Q Z Z �
aWL
a
� W»
O�jW W
z � W �
OW�}
�W
� a.
� y
H
Z
� T -i
W
H
Q
H
y
�
Z
Z
m
�
O
U
O
�'
LL r �
- o �'
UU��
N I
a ml
O �
I
c I
� ��
m
N O
7
=a
W �!
� I
� a,
I
� = c!
'C � RI
Of � � �
r O ; Q
U � 7]
� C C
�C � QI
rn EoY
o >sl
U � m
c�
� � � �I
I I� 1 I I I � I I I Q I� m
v
�
N �N I N�
� m � �i
�O
I o I I I I I I I I I o i p�
� � ^ I
� M � 6 �1
� I � I r I I I I' I� I� r�
N
� � �l
V N � m
t0 �O �
I I I 1 I I I 1 I I
� f
n n �
� � �
I I I 1 I I � I I I i N t�. �
�
N
n N N
N
N � �
I I I I 1 I I I I I I
�
� �I� r�i
N O N N
� v rn �
I I I� I I I i I I � N P N
� I
° ° o u�'ii �
° ci �n
� m ro� � �
I I I � I I I I I I I N
vi
� N �I
� �
I I I I I 1 I I I 1 I
M � �I
1 Q I I� I ��
� I
(V �N � NI
p !CI 07�
� � i bl
I o I I o � � oi
I
�D �D � �O �
r r ��
i� I I� I I �
1 1 I I� t
I I
t� n n
w � �
I� I I N 1 N
N N N
n n n
N N N
iA � itI
1 I I I
m I �n �o
njn n
i I I � � �
i
m alo o�l wl
° o ��� Ai �I
M NI� WI ��
N � � m Ia0 Q; (7
�I� NI
� � C�I O�I
I I I I I
� i
� �
I
�
i
I I� I
ertl
� i
� �i �I
I �
� d�i
I
a �j �I
�n v; rn�
o c! v;
T-i NI
f/N
� ml �1
� �o i �j
t0 N� NI
�
i V�ii
I
I I I
�
I I I
�
�
� c in
c `r
0
� � ��i U
R f� NI
0 0 oi
v � NI
esi
�
� � � I
I
�i
�
�
I I I�',
j
d' I 1 I � I "''J
c
m
�
C N
m N
m > � � N
U O b C d 7
�
� � U � C �tl C7
� - y c y � v
') O y iC a� �- Z
C ..T. N LLJ C . 7 C
p C � O�"' V .- C L N>.0 Z U�
N 7 � Q m �+� a� tA > �� Z Z
N c� p m v� c �'O � r W N p y N �
a c NU m� c OF c a mv v �, �+ C7 G
� N U� K p y �. N � � � � j b �� O CO W
� Q F�- ���� a i° m '^ Q t � c � a�i � Q� a c�i y c N t�
v a> >. T a� a T��.= m m a� U o v �. > " �. " U L � m a c i ��° W W
3 E � W m& 3.` �° o a� " U U
N � m� � rn>?'�^ 3= o c�- � Z n � m � o `� m o E a Z �' a ro � c� a J
j m 3 �.� Y °_ .� � � itl � LL f � C c �.� � E°� � w a � �� c Q Q
O�'-- �n— v—
W L c•' � s s C? ��= � o`w u�i � o W� o� �� C7 a d U o W� :°. � c�'i t x C 0
> �=�amrc��na LL � �� f- — t- �U ~ = t- �` w ° �' > >
LL! — � x F
� C W O LL �
,
y
W
U
2
J
Q
tt7
�
Z
�
�
Z
� 9
W d
� �
Q C
_ �
U �?
Q Z N
Q a � �
N y H �
� W m
Q � � O
� � A
a ~ W d
2 p c
2 Z � �
Q � 0 9
�
LL W � C
Oyt�W
Z W W m
�i = Z }
�W
W�
W
� �
oa
2W
'L �
�
W
H
¢
h-
N
�
Z
Z
m
�
0
U
NI
��
O�
F
I
o I
� VI
� 3�
a �I
I
m 7�I
L y CI
�� m
2
Q
F
J
I
Ci R
N�
OI v
� ..I
m �I
-� v I
J
Q �i
�
Q F
�I
Z
a!
��,
I
� O(O N (O � O Q � ���, r
� N 01 � T t[f � 7� Oi�
tn O v � c7 ���
� c7 O t� T v c7 i0 �O r
O� O Ol in N m �
Vf
O �
M �
� �
1 I I I I 1 1 m I I I�
�
�
� �
oi �
0
� I 1 I I I I I 1 I � Q
�N
� �
� r
C �
� �
� � � � � � � � � �
�
O �
O �
a o
v �
I I I I I I l 1 1 I
�
� �
N N
� �
I I I i I I 1 t I I�
u�
N y
v p
o a
0
I� i I I I I I �� ��
�
N N
(7 �
� O
V �
1 I� I I I I I I I I�
�I
��
NI,
�
I
I
I
I
�
7�
�I
O
7
M�
T �
O� M
�I
�I
�i
�i
oi
vI
I
f0 I
r
�
�
O
O
a
�
NI
OI
7
Oi
o� v
NI �
Oi
NI
O Of tA P7I1�
�p p7 cp O I�
N O N NI�
op O � �IM
C+1 O � NIO
� �O NIT
� �
I I � I �
� �
0 0
I I � I �
� �
� �
� �
� � �
O �
v �+
I � �
N N
� �
I I I �
N
C Q
0 0
I � I 1 �
� �
O �
� � � � IN
�
�.
m�
M�
�I
^I �
p�l
MI
�I
��
rI
�i
u�i I
oi
vI
�
�
ni
C!
�
ol
OI
a
�D
n
N
�
Ni
7
0
o�i
�f
Q�.
�I
�I
I�
I
�
N � i. t�.���.
7 �'
N cO j � II
OII
� r1l �I�,il
/fN�
I � �i
i
I
I I I'
VN
� � �
I I �
I I I
�i
I
I I I
�
v�
I I I
I I ��
I
�i
� N
�
E �
C y
� N
� N 7
V O �C � �a C � �
�C7 U NV� Z
,� � � '" W c � c `w '� 2 C7
C C Y O Q'� U N 'G � tl7 L > O� 2 Z
N Q 7 � v� C � C t E W fn O � N N C� 0
Q C O V U�0 n a Q. Q� O N O � C C � V O Cl7 � W
� N o i° a ovi E y m a E �'" J`� N T�
a Q H d�E �� n_ m N � 6 t '° c � �= a d °� c� m W W
m I I 1 a a � � m C d y U a a " i tA .4 � '^ T.� U� �� v'� m U U
a I I m ��'c � �� Z p c ft �� o'c m Q o c� �y � � Z Z
��V!:_' �v�mo'ar� oo.i Z` >a�i• � oro uE¢ Z � am a�� -� -�
N G� R o' '^ O� �� �; o �.. ,y '^ d li. m �� ~ c c �'� E� LL w ��� u�i � a ca �
�� t� �� c � u " ^ n � 3 m c�i i6 � � c ' � Z � C7 n�. a U o W,�y :°_ � c�i L X C C
2mrn��sU�3�^'omNmo Trt F 111� F i o:� xa� 2 Z
W�=a�m2�da�F � F � Xv t-~' ~ W ��
�ii � u; C � u.
�
m
v
TOWN OF MAAANA, ARIZONA
1998 COMMUNITY DEVELOPMENT BLOCK GRANT — SPECIAL REVENUE FUND
STATEMENT OF REVEIVUES, EXPENDITURES AND CNANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-3
Year Ended June 30, 1999
REVENUES
Other agencies
Block grants — Pima County
Total revenues
OTHEA FINANCIAL SOURCES
Transfers from other funds
Total revenues and other financiai
sources
EXPENDITURES
Current operations
Generai government
Community development
Total expenditures
OTHEA FINANCIAL USES
Transfers to other funds
Total expenditures and other
financial uses
Excess of revenues and other financial
sources over expenditures and
ot��e� financial uses
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
Variancs —
Favorable
Actual @udget (Unfavorable)
$ 126,100 $ 180,000 $ (53,900)
� 2s,100 � 80,00o t�,soo)
12,459 - 12.459
138,5�9 180,000 (41,441)
23,008 - (23,008)
65, 582 180, 00 0 114, 418
88,590 i80,Q00 94,410
49,969 - (49,969)
138,559 180,000 41,441
$ - � - � -
47
TOWN OF MARANA, ARIZONA
HOME PROGRAM — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CNANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-4
Year Ended June 30, 1999
REVENUES
Other agencies
Block grants — Pima County
Miscellaneous
Sales proceeds
Total revenues
EXPE►VDITURES
Current operations
Community development
Total expenditures
Excess (deficiency) of revenues
over (under) expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
„ 1
Variance —
Favorable
Actuai Budget (Unfavorable)
$ 65,215 $ 605,000 $ (599,785)
64,019 — 64,019
129,234 665,000 (535,766)
159,716 665,000 505,284
159,716 665,000 505,284
(30,482) — (30,482)
50,760 — 50,760
$ 20,284 $ — $ 20,284
4V
TOWN OF MARANA, ARIZONA
COPS GftANT — SPECIAL REVEIVUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-5
Year Ended June 30, 1999
REVENUES
Other agencies
Public safety - U.S. Dept of Justice
Total revenues
EXPENDITURES
Current operations
Police
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
�1
Variance —
Favorable
Actuai Budget (Unfavorabie)
$ 123,517 $ 2t8,000 $ (94,483)
123,517 218,Q00 (94,483)
123,517 218,C00 94,483
123,517 218.OQ0 94,483
� _ $ — $ —
49
TOWN OF MARANA, AFiIZONA
CJEF COURT FUND — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-6
Year Ended June 30, 1999
REVENUES
Other agencies
Public justice — Arizona
Fines, forfeitures and penalties
Town courtfines
Interest
Total revenues
EXPENDITURES
Current operations
Police
Magistrate court
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
Variance —
Favorabie
Ac tual Budget (Unfavorabie)
� — s sa,000 � (ea,000)
6,484 — 6,484
213 — 213
6,697 84,000 (77,303)
— 50,000 50,000
— 34,000 34,000
— 84,000 84,000
6,697 — 6,697
8,616 — 8,616
$ 15,313 $ — $ 15,313
50
TOWN OF MARANA, ARIZONA
RICO — SPECIAL REVENUE FUND
STATEMENT OF REi/ENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGcT AND ACTUAL
EXHIBIT B-7
Year Ended June 30, 1999
REVEIVUES
Other agencies
RICO funds — Pima County
Interest
Total revenues
EXPENDITURES
Current operations
Police
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
1
Varianc2 —
Favorable
Actual Budget (Unfavorable)
$ 12,331 $ 20,000 $ (7,669}
t,358 — 1,358
13,689 2Q,000 (6,311)
3,146 20, 000 16, 854
3,146 20,000 16,854
10,543 — 10,543
14,437 — 14,437
$ 24.980 $ — $ 24,980
J�
TOWN OF MAFiANA, ARIZONA
GITEM — SPECIAL REVENUE FUND
STATEMENT OF REYENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-8
Year Ended June 30, 1999
REVENUES
Other agencies
Public safety — Arizona
Total revenues
EXPENDITURES
Current operations
Police
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
�
Variance —
Favorable
Actual Budget (Unfavorabie)
$ 109,692 � 95,000 � 14,692
109,692 95,000 14,692
109,692 95,000 (14,692)
109,692 95,000 (14,692)
$ — $ — � —
52
TOWN OF MARANA, ARIZONA
HIDTA — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAE.
EXHIBIT B-9
Year Ended June 30, �999
REVENUES
Other agencies
Pubiic safety — Tucson
Total revenues
EXPENDITURES
Current operations
Police
Totai expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
.� 1
Varianca —
Favora�le
Actua{ Budget (Unfavorab(e)
$ 46,394 $ 50,000 $ (3,6t16)
46,394 SfJ,000 (3,6Q6)
46,394 5�7,000 3,606
46,394 50,000 3,606
� — � — � —
53
TOWN OF MARANA, ARIZONA
MANTIS — SPECiAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-10
Year Ended June 30, 1999
REVENUES
Other agencies
Public safety — Tucson
Total revenues
EXPENDITURES
Current operations
Police
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
Variance —
Favorable
Actual Budget (Unfavorable)
$ 54,032 $ 46,00� $ 8,032
54,032 46,000 8,032
54,032 46,000 (8,032)
54,032 46,000 (8,032)
g — g — $
54
TOWN OF MARANA, ARIZONA
AUTO THEFT — SPEClAL REVENUE FUND
STATEMENT aF REVENUES, EXPENDITURES AND CHANGES 1N
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-11
Year Ended June 30, i 999
REVENUES
Other agencies
Public safety — Arizona
Total revenues
EXPE�IDITURES
Current operations
Police
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGINNlNG
FUND BALANCE, ENDING
.,
Variance —
Favorabte
Actual Budget (Unfavorable)
� 40,042 $ 43,000 $ (2,958)
40,042 43,000 (2,958)
40,042 43,000 2,958
40,042 43,000 2,958
� — � — $ —
55
TOWN OF MARANA, ARIZONA
LTAF — SPECIAL REVENUE FUND
STATEMENT OF REVEiVUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBtT B-12
Year Ended June 30, 1999
REVENUES
Other agencies
LTAF funds — Arizona
Total revenues
EXPENDITURES
Current operations
Public works
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDING
:,
Variance —
Favorabie
Acival Budget (Unfavorabie)
$ 54,176 $ 43,840 $ 10,336
54,176 43,840 10,336
54,176 43,840 (10,336)
54,176 43,840 (10,336)
$ — � — � —
�
TOWN O� MARANA, ARiZONA
HIGHWAY USER REVENUE — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPEN�ITURES AND CHANGES !M
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-13
Year Ended June 30, 1999
REVENUES
Other agencies
Highway user fees — Arizona
Total revenues
EXPENDITURES
Current operations
Pubiic works
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGlNNING
FUND BALANCE, ENDING
3,
Variance —
Favorable
Actuai Budget (Unfavoraq{e)
$ 405,559 $ 426,037 5 (16,478)
409,559 426,037 (16,478)
409,559 426,037 16,478
409,559 426,037 16,478
$ — � — � —
57
TOWN OF MARANA, ARIZONA
PAG 15% FUNDS — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-14
Year Ended June 30, 1999
REVENUES
Other agencies
Public works — Pima Assoc.
of Governments
Total revenues
EXPENDITURES
Current operations
Pubiic works
Total expenditures
Excess of revenues
over expenditures
FUND BALANCE, BEGINNING
FUND BALANCE, ENDIiVG
.� :
Variance —
Favorable
Actual Budget (Unfavorabie)
$ 185,530 $ 905,Q00 $ (719,470)
185,530 905,000 (719,470)
i85,530 905,000 719,470
185,530 905,000 719,470
$ — � — � —
58
STATEMENTS C
CAPITAL PROJECTS FUNDS
Capital Projects Funds are created to account for ihe purchase or construction of major
capital facilities which are not financed by tlie general, enterprise, or special revenue
funds.
1997 General Obligation C�pital Pro�ect Fund - this fund accounts for the proceeds from
the sale of the 1997 general obligation bonds which are used for authorized capital
improvements.
Other Ca�ital Pro�ect Funds - this fund accounis for the purchase ar construction of major
capital facilities which are not funded by general obligation bonds.
I .1
TOWN OF MARANA, ARIZONA
COMBINING BALANCE SHEET
CAPITAL PROJECTS FUNDS — EXHIBIT C-1
June 30, 1999
ASSETS
Due from other funds
Restricted assets:
Investments
TOTAL ASSETS
LIABILITIES AND FUND EGlUITY
LIABILITIES
Due to other funds
Deferred revenue
Total liabilities
FUND EGIUITY
Unreserved fund balances
Designated for subsequent years' expenditures
Total fund equiry
TOTAL LIABILITIES AND FUND E�U17Y
1
Other
1gg7 Capital
Generai Project
Obligation Funds Totals
� _ $ 276,000 $ 276,000
3,854,417 — 3,854,417
$ 3 854, 417 $ 276, 000 $ 4,130, 417
$ 747,770 $ — $ 747,TI0
_ 276,000 276,000
747,770 276,000 1,023,770
3,106,647 — 3,106,647
3,106,647 — 3,106,647
$ 3 854,417 $ 276,000 $ 4 130,417
�l-•/
TOWN OF MARANA, ARIZONA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGcS IN FUND BALANC�
CAPITAL PROJECTS FUNDS - D(HIBtT C-2
Year Ended June 30, 1999
REVENUES
Interest
Other-Public Donation
Totalrevenues
OTHER FINANClAL SOURCES
Tranfers from other funds
Total other financial sources
Total revenues and other financiai
sources
EXPENDITURES
Capital improvement projects
Tangerine Road Project
Land acquisition for Town Hall Expansion
Development and Planning Services and
Magistrate Court Facilities Improvements
Marana Park Improvements
Development and construction of Senior Center
Price Lane Improvements
Lon Adams Road improvements
Sandario Road Design
Coachline/Silver 8ell Improvements
Siiverbell/Cortaro improvements
Silverbell Pedestrian Improvements
Silverbell Median ImprovemeRts
Safety Light improvements
Moore Road/Sandario Road Improvements
Hartman Lane Improvements
Orange Grove Embankment improvements
Total expenditures
Ercess of expenditures over revenues and other
nna��;;ial sources
FUND BALANCES, BEGINNING
Residuai equity transfers out
FUND BALANCES, ENDING
Other
1gg7 Capitai
Gerteral Froject
Obiigation Funds Totals
$ 210.924 $ - $ 210.924
- 80,000 80,000
210.924 80,000 290.924
- 1.355.292 1, 355.292
- 1.355,292 1,355.292
210,924 1,435,292 1,646,216
- 35,799 35,799
341,031 80,000 421,031
308.213 134,989 443.202
- 521,794 521,794
349,315 400,258 749,573
- 158,500 158,50Q
- 314 314
- 37,325 37,325
- t5,563 15,563
- 413 413
- 3,649 3,649
- 4,740 4,740
- 11,920 11.920
- 25,775 25,775
12,793 (2,676) 10,i17
206.C64 6,929 212.993
1.217.416 1,435,292 2,652.708
(1.00s.as2� - (�.00s.as2�
4.905.752 - 4,905,752
(792.613) - (792.613)
$ 3,106,647 $ - � 3,106,647
60
STATEI�IENTS D
E�iTERPRISE FUNDS
Enterprise Funds aze established to account for operations that are financed and operated
in a manner similar to a private business enterprises and where periodic determination of
net income is desired. EYpenses, includin; depreciation, of providinQ goods or services
to the general public are recovered primarily throujh user charges.
Water Fund - established to account for the financing and operation of the Water Utility.
All activities necessary to provide water services to Town residents are accounted for
within this fund.
A�ort Authoritv - established tQ account for the financin� and operation of the Marana
Airport.
�
TOWN OF MARANA, ARIZONA
COMBINING BALANCE SNEET
ENTERPRISE FUNDS - DCHIBIT D-1
June 30, 1999
Water Airport
Fund Authority
ASSETS
CURREIVT ASSETS
Deposit for fixed asset acquisition
Receivables:
Other
Due from other funds
Total current assets
PROPEATY, PLANT, AND EQUIPMENT
Land
Water rights
Improvements, including welis and tanks
Asset under capital lease
Machinery, equipment, and other assets
Organization costs
Total
Less accumulated depreciation and
amortization
Total property, piant, and equipment
TOTAL ASSETS
LIABIIITIES AND FUND EGZUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities:
Deposits
Accrued payroll
Total
Due to other funds
Current portion of capitat lease
Current portion of note payabfe
Total current liabiiities
�.
LONG- LIABILITIES
Note payable, less current maturities above
Total long-term liabilities
Total liabilities
FUND E�UITY
Contributed capital
Deficit
Total fund equity
TOTAL LIABILITIES AND FUND E�U17Y
Totals
$ - $ 207,090 $ 207,090
51, 572 - 51, 572
210,102 - 210,102
261,674 207,090 468,764
14,720 - 14,720
50,000 - 50,000
2,523,4Q1 - 2,523,401
26,541 - 26,541
45,157 - 45,157
39,388 15,349 54,737
2,699,207 15,349 2,714,556
279.873 - 279.873
2,419,334 15,349 2,434,683
$ 2,681,008 $ 222,439 � 2,903,447
$ 45,625 � - $ 45,625
5,842 - 5,842
51,467 - 51,467
190,374 - 190,374
7,024 - 7,024
8,800 - 8,80Q
257,665 - 257,605
70,4�0 - 70,400
70,400 - 70,400
328,�65 - 328,065
2,792,699 222,439 3,015,138
(439,750) - (439,750)
2,352,943 222,439 2,575,382
3 2,681,008 $ 222,439 $ 2,903,447
�
TOWN OF MARANA, ARIZONA
COMBINING STATEMENT OF REVENUES, DCPENSES AND CHANGES IN
FUND EQUITY — ENTERPRISE FUNDS — EXHIBIT D-2
Year Ended June 30, 1999
OPERATING REVENUES
Current use charges
Other
Total operating revenues
OPERATING EXPENSES
Materiai, suppiies, and
other expenses
Depreciation expense
Total operating
expenses
NET LOSS
DEFICIT, BEGiNNING
DEFiCIT, ENDING
CONTRIBUTED CAPITAL, BEGiNNING
Residual equifij transfers in
COMTRl3UTED CAPITAL, ENDING
FUND EQUITY, ENDING
Water Airport
Fund Authority Totals
$ 532,447 � — $ 532,447
22,801 — 22,801
555,248 — 555,248
551,128 — 551,128
103,363 — 103,363
654,491 — 654,491
(99,243) — (99,243)
(340,513) — (340,513)
{439,756) — (439,756)
2,000,086 — 2,000,086
792,613 222,439 1,015,052
2�7g2,ggg 222,439 3,015,138
� 2,352,943 � 222,439 $ 2,575,382
62
TOWN OF MARANA, ARIZONA
CQMBiNtNG STATEMENT OF CASH FLOWS
ENTERPRISE FUNDS - EXHIBIT D-3
Year Ended June 30, 1999
CASH FLOWS FFiOM OPEAATING ACTiVITIES
Loss from operations
Adjustments to reconcile loss irom op�ations to net
cash provided by operating activities:
Depreciation
Changes in operating assets and liabitities:
Decrease in accounts receivable
Decrease in inventories
Increase in accounts payable and acctued expenses
Net cash provided by operating activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
(Increase) in due from other funds
Increase in due to other funds
Residuai equity transfers from genera! fund
Residual equity transfers from capital project funds
Deposit for fixed asset acquisition
Principal paid on capital lease
Principal paid on note payable
Purchase of fixed assets
Net cash used in capital and related financing activities
NET DECREASE IN CASH
CASH, BEGINNING OF YEAR
CASH, END OF YEAR
1�
Water Rirpert
Fund Authcrity Totais
$ (99.243} $ - $ (99,243)
103,363 - 103,363
4,715 - 4,715
22,268 - 22.268
12.989 - � 12,989
44,092 - 44,092
(210,102)
172,229
792,613
(8��)
(8.800)
(781.198)
(44,092)
$ -
- (210,102)
- 172.229
722.439 222,439
- 792,613
(2a7,090) (207,090)
- (8,834)
- (8,800)
(t5,349) (796,54�
- (44,092)
$ - $ -
63
'
TOWN OF MARANA, ARIZONA
COMPARATiVE BALANCE SHEETS
WATER FUND — EXHIBIT D-4
June 30, 1999 and 1998
1999
ASSETS
CURRENT ASSETS
Receivables:
Other
Due from other funds
Inventories
Totai current assets
PROPERTY, PLANT, AND E�UlPMENT
Land
Water rights
Improvements, including wells and tanks
Asset under capital lease
Machinery, equipment, and other assets
Organization costs
Total
Less accumulated depreciation and
amortization
Totai property, piant, and equipment
TOTAL ASSETS
LIABILITIES AND FUND E�UITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities:
Deposits
Accrued payroll
Total
Due to other funds �
Current portion of capital lease
Current portion of note payable
Total current liabilities
LONG—TERM LIABILITIES
Capitai less current maturities above
Note payabie, less current maturities above
Total long—term liabilities
Total liabilities
FUND EQUITY
Contributed capital
Deficit
Total fund equity
TOTAL LIABILITIES AND FUND EC�UITY
$ 51, 572
210,102
261,674
14.720
5a,000
2,523,401
26,541
45,157
39,388
2,699,207
279,873
2,419,334
$ 2,68i
$ 45,625
5, 642
51,467
190,374
7,024
8, 800
257,605
70,400
7Q.400
328,065
2.792, 699
(439, 750)
2,352,943
$ 2,681,008
1998
$ 56,287
22,268
78, 555
T 4, 720
50,000
1, 743, 869
26,541
43, 491
39, 388
1, 918, 009
176, 510
1,741,499
$ 1,820,054
$ 35,900
2, 578
38, 478
18,145
8,834
8, 800
74,257
7,024
79, 200
86,224
160, 481
2,000,086
(340, 513)
1,659,573
$ t , 820, 054
[�!
TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENSES AND CNANGES IN
FUND E�UITY — BUDGETAND ACTUAL
WATER FUND — EXHIBIT D-5
Year Ended June 30, t999
OPERATiNG REVENUES
Current use charges
Other
Total operating revenues
NONOPERATING REVENUES
Bond proceeds
Totai nonoperating revenues
Total revenues
OPERATING EXPENSES
Material, supplies, and other expenses:
Personai services
Contractual services
Commodities
Other
Depreciation expense
Total operating expenses
NONOPERATING EXPENSES
Capital outlay
Total nonoperating expenses
Totai expenses
NET INCOME (LOSS�
DEFICIT, BEGiNNING
DEFICIT, ENDING
CONTRIBUTED CAPITAL, BEG1N(VING
Residual equity transfers in
CONTRIBUTED CAPITAL, ENDING
FUND EC]UITY, ENDING
Variance —
Favorable
Actua{ Budget (Unfavorabte)
$ 532,447 $ 1,t01,000 $ (508,5�3)
22,801 — 22,801
5�5,248 1,101,000 (545,752)
— 3,079,190 (3,079,190)
— 3,0�9,190 {3,079�,490)
55�,248 4,180,190 (3,624,342)
214,024 192,743 (21,281)
f 19,222 319,874 200,&52
172,644 72,577 (10Q,06�
45,238 72,501 27,263
103,363 — �j�.�
6�4,491 657,695 3,204
— s,sio,oso s,s�o,asa
— 3,610,090 3,61Q,090
6�4,491 4,267,785 3,613,294
(99,243) (87,595) (11,648)
(344,513) — (340,5i 3)
(439,756) (87,595) (352,161)
2,000,086 — 2,OOO,Q86
792,613 — 792.613
2,792,699 — 2,792,699
3 2.352,943 S (87,595) $ 2,440,538
65
,
STATEi�IENTS E
GENERAL FIXED ASSETS ACCOU�IT GROUP
The General Fixed Assets Account Group is comprised of those fixed assets of a
governmental jurisdiction which aze not accounted for in the Enterprise Funds.
�
u
��
�
'
�
, '
Infrastructure assets, which include roads, bridges, streets, and street lighting systems are '
not included in these schedules.
.,
�
'
'
C�
��
i
�
�
i
�
0
1
1I
TOWN OF MARANA, ARIZONA
COMPARATIVE SCHEDULE OF GEiVERAL F1XED ASSETS BY SOURCE
EXHIBIT E-1
June 30, 1999 and 1998
jgg9 1998
GENERAL FIXED ASSETS
Land
Buildings
Assets under capital lease
Machinery, equipment, and other assets
Marana Park
Leasehoid improvements
TOTAL GENERAL F1XED ASSETS
$ 509,385
1.11Q,5b0
753,748
t ,717,019
991,905
464.157
$ 5 �06,764
$ 63,293
345,449
762,373
1.817,942
555,090
216,162
$ 3,760,309
INVESTMENT IN GENERAL FIXED ASSETS BY SOURCE
From Current Revenues $ 4,202,125
From Revenue Bonds 938,340
From Federal Grants ��
TOTALINVESTMENTIN GENERAL
FIXED ASSETS $ 5.506,764
�
$ 3,418,719
341,590
$ 3,760,309
� ln CO O (O (O CO �t V�
� i
� m m r c�o � a�D o r� ��
N' co �ri r� oi o oi cc �07
`� � c r�i � rn � oi �°i
o : �� �
�' T � �I
� �
NI N � �I
� N ln fD
O �j O c0 C ,��
N M m �
N j� � N r � � � � p
� Oi
�' a
�' Ei
— j � d31
� � Y � �� mI
v � a; i i i i i i ��1
¢ �
Z � �'
z � I N �o M � r� �oC rnl
� 47 N� tJf � C�� � N � � fD O�
V � QO NI Q ao v Q co � v r �
QZ ����Q! t� c° r�
O � W � I ��
� �
N �.
� m
¢ � N � � m � r �)
Q Cn I � N N�� � N � � n �
Z F- W ' - N 'a mi I I � °� o I i �i
CCU)p�c� Q�(�JI � N nl
I
�¢= c I E» u�l
o x�
�
� X i p O) tD t0 0�
Z lL �] t�0 V m � �I
� I �
O Q �! o � � � o �n �
N r �
� � �7; �
{� ^1 m+
W � � �
� i p Q c�7�
� �
J � m I i I I � I OI
� J ; v �n
� �
y I � �
U
� �
i W
�
N
�; a' Q
> , c � 0
Q � � c X
� a o ° u.
�' � � � � �� �
`° � c m � a� a
o � °' � ° �' � ° u�i
> � y T
. � � � � O � � W
�; a .� `° 3 � �
� f6 �� a� � � E �, C7
� ; N c� � � � s J
Q
C7 � a � � U � �
r
,
TOWN OF MARANA, ARIZONA
SCHEDULE OF CFIANGES IN GENEAAL FiXED ASSETS - BY FUNCTiON AND ACTIVITY
EXHIBIT E-3
Year Ended June 30, 1999
Generai Fixed Additions Deletions General Fixed
Assets and and Assets
Function and Aciivity Jufy 1, 1998 Transters Transfers June 30, 1999
General govemment $ 424,831 � 420,620 $ (118,616) $ 726,835
Development and pianning
services 354,408 260,061 (178,711) 435,758
Police 1,271,734 352,787 (236,831) 1,387,690
Magistrate court 40,662 134,950 (15,822) 159,796
Public works 977,916 197,218 (2Q4,278) 970,850
Community development 66,190 789,078 (60",190) 789,078
Parks and recreation 624,568 436,814 (24,631) 1,036,751
TOTAL GENERAL FIXED ASSETS � 3,760.309 $ 2,591,534 $ (845,079) $ 5,506,764
v 1
m
'
'
'
'
�J
'
1
�
�
�
�
�
0
�
�
�
�
��
��
STATISTICAL
SECTION
�
rno��rnv�rrn�
NaO�mNONN�U
� �(O�ROt�tOCOt(IM
�0 a70�tOa0C9 !O
0 Q� O�� t0 W N�
� M�iAtOa0VM0 O
�r�rN��0O1V a
� � r
Z
O
F-
U
2
�
m
Z N
� � �
� ~ �'
a o
¢—zQ
d
Q QWti c�a
F Z C
LL W � ?
� � F
3 Z 5
�
O W
i- >
�
�
J
�
W
Z
W
(J ?
� O�f � NN�
U
�> I I I p I I���
Q d N FCS �
�
�
�N I�t00
� N a0 Of � O 1�
'Q� I I I p�m I 1 O��
� 3 Nr NaDtO
V O c�i c�i
�
- o cor�rnoaonm
� �����rn�
coo�r�nro.-
� co v uS ri oi o
Y � � raoaoaoNm I I
n. �
�
oin�noaonrn�vco
� I rncoco�nmovvno
C Q... (OON�NI�NO
� O C
E N � ONOC�NnC1N�N
E �
o p
U
�
o�co�nmvrorno,�o
ON(OQ07r10tONln
U� IA (Of��N(�ROQO
� O<f t'7 I� In (h � V ln
j O ��-MM W NM�O1�
a� NNNN�tI"" W Q0�0
rNNlhC7
�
y GO N I� C7 M N CD
� cO O tn V Ol (V t[f
�s.. naan�nm�nv_r�mco
N � Nc0 �tOaDOM/ON7
��� fOCD0000lO
�
�
�
� � O
N
� I I I I 1 1 p i
LL r � �
�
MNl'7MCOC�1qOftV�
77�(OOOI�OtOI�
� corn�nc�n<o�c?�n�
. �riririinc�ivco�n�r
o vcoorrnmrn�aorn
a ��nco�nrnraor��nrn
r r N N N
�
�Oln�l7a'COCOdDNCON
co�oaonnr�r�cor�
� � cyv_m.-rrnc�nv_r
I�NO� V �c71�0
� � � � � � N (7 N N (7 N
¢
u�
ninvrn rnr�r�no
Q� rn y rococor��ncoov�nco
C N t0 ��� i� � 00 In W V'
���C V N(OI� f0 V OO�DN(7
j C�? cON�AC70fM V 01 ' n W^
p � a c!i
U3
v�o c�rnovan�
� C ���A(Ol7lO��N�
C
N � � �MNNC�7�COmNN
U� � r�i
�
O NM V �cOI�cOOf
� � �m W m0101�0fdI01
y} 1 I I I I 1 I I I I
LL � O N M ��A � 1� [O
CO � df Of m� Of Of � Of
OfOf mOlOIm01�0I�
Y
O
3
U
Q
7
a
v
c
7
�
m
C
9
E
0
U
N
3
c
0
.�
d
U
N
�
�
C
�
N
Y
�
a
�
�
1
rn
rn
ro
U
N
C
.�
C
ai �'
0 r
Z tn
m
c
O
N
Q
tC
C
A
�
�
0
C
3
�
F
N
U
�
O
N
n
l �
W
Q U
Q
Z � N
O O W
N �
Q m }
�
�
a — � Q N
Q J � � �
� c�
Q Q W �
�2 H W W �
O � H
Z Q fl1
� � �
O �
� �
W
�
ln r C� CO CO f� � tf3 � C�
tA � r O I� i� O i� N r
� N a0 � CV fO N C'� ►� � � n
�V T T C'! O N V/ T N T W
� N N r d' � d" CO O d' I�
� NCOet I�COC� �Ar O
T T T T� 1� W T y �
T T T
�
lAtf)NNC�}�tNtf)�00
COd�CO ��ln 1�C4�aD
i. C�MODCOCad'rdD tptn
� (Q a0 aD N lf) �t N� N N
� M(�CO(Ol(?lAl����
O r r
�
N
�
C
� N
N � N
� � � �
LL '� � �
L.L �
E!>
d
W � V T� M�
NI�CW��
'tt' O CO d? �
( I I I I ����p�
r N��D�
�
tf3 N Q� OD s't �� a} I� O
C � / 7 � O � ./ � ,- I�a / � D { � � / � Nr-�
�y �.y T r\ Y W T M W T
CO�Mf�t(StAt�pd'C�r
CO N O tfl t� � O■- �' N
� r r r r N
I �
�( w ptnT rn O T f � � y COOCV�'
(I� � N T 1� T �-/ y� y LLa T� N
��� � N CO f� O�' N[0 � a0
� d'Ot0 M1�Nap(O tA�
� N T T� N 03 CO O(O CO O
V N � - - -
J � T T T l'J
�
�
N �CQ� d �f�r [t
�� � O� � O C�O tn 00 O �
� V CO OD I� �- r N� � a6 O
•�-• � tf7 � CO l0 C� CO !� f� O? �
Q Cfl � Cfl 00 W O T� C7 tA
Q T T T♦ J N
Ef3
NN� r[OC7OT-1�CO
I� d' N r•- M Q3 N�(D
tq CO ('� d' *-- 03 CV C'r3 M OQ tn
� N � f . � } ln � O N ry � r O � / � T �
� � X T V �y T W ry N�\ M "J r ry Y/� V ry l �
�� 1_ V 4/ 4/ l�J W W W \'/
� ^, 1^ ,^ A
' `V � u J W 1_ �
T
�
r N
�... �
O.-NMd�ACOf�DO�
V � � � � � � � � � � �
N � I I I I I f I I I I
�� �O�NC'}�t tA(D I�CO
� O'� � � � � � CA � �
rnrnrnrnrnrnrnrnrnrn
. T T T T T T T T T
� C
� �
H H
N N
.�-� �
� �
� �
N �
U U
7 �
'� '�
C C
U U
� �
� �
c� f6
� �
ai a�'i
� �
� �
O O
�'^• �
W \
T I u ^ /
� W
o cfl
�' M
��
N N
N �
� �
7 �
U U �
� C �
r � N
� � Q
T T
( � t�
�
� T � T �
VI VI �
T T C
Z
� � �H
� � O
'v= '~ >
a .. i
O O Q
N � ~
N �
4,3 F�-. F-�- �
� ^ O
Z �N cn
N
�
TOWN OF MARANA, ARIZONA
TABLE I11
ASSESSED AND ESTIMATED VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
(Unaudited)
Fiscal
Year
1989 —90
1990 — 91
1991 —92
1992 — 93
1993 —94
1994 —95
1995 — 96
1996 — 97
1997 — 98
1998 — 99
Assessed
Property
Value
$17,903,587
20,639,806
21,302,281
20,105,438
21,360,473
46,427,724
49,677,845
59,454,386
72,242,105
81,390,365
Estimated
Praperty
Value
$ 140,991,242
162,765,533
164,744,983
156, 300, 829
160, 582, 056
297, 740, 632
325,467,683
363, 689, 243
485, 315, 813
560,419,914
Ratio of
Total Assessed
Value to Total
Estimated
Value
13%
13%
13%
13%
13%
16%
15%
16%
15%
15%
Note: Inciudes real property only
Source: Pima County Assessor's Office of Pima County, Arizona
3
73
,
N
H
Z
W
�
Z
�
W
O
�
C7
Z W
Z �-J�
� �ow
¢ �wr
N
¢ > � W ¢ d
Z JZfA
Q m � Q LL �
�i-
LL W � � �
Q
Z ��tA
' `� g
�
o W a
Q v
�
Q .2
H
�
W
a
O
¢
a
vroc�ornmor�v
aoor�co�nvaDncom
N 7� C7 O M a C+> c7 �
� Ch V Of aD cp t!J f0 O
� N N N N N N N �� N
HI
I
�
� o000000aoo
0 0000aoa000
oo r��r�r��
� C `m j U �
� N � ,� N OOOOOOOOOO
va� �o
0
U
�
m
� � u�
� N� I I 1 I I i I I 1 �,j
LL. • N
m�
Q
�
� NO V 00�00('}fONCfl
• � W �t lA � M C:J C7 N�
� �� O�OV��O�aO�m(O
�_ f�mm�0r-���r
0000'-
� o •�'
oU�
U
�
O O O O O O O O O N
� O o 0 o O O O o 0
C y O V NNIAr1�OC?M1t�tO
. �n o ao .- v co cv �n �n ao
3 dt ` co r: co r� r� ���o «ico
LL� °no
i �
oo�nor�cninc�m
� �mcocovcornnvo
C p V V T M tA N N IO 1� 1� R
� L « ln N(O CO N(V fA � f0
� V N �m��nnn���n
� � �
� fR
�� �������
T t0 [O I� � N 01 W� V V'
�6 "6 � O �� CD ('� (O 1A IA N N O
� 7 � C 1� �n l� l� V c9 c7 t9 M M
a U I O ��y O O O O O O O O O O
� 69
V' � tn �t a R�'�1' V' V
� O N N N N N N N�. N N
�00�0 (WNNO
� � � NN N(VNN�N.N
� o000000000
ULL�
I �
M t� lD N I� 1� CP � N h
C� O f0 N tA N c9 M tD 00
��'OOOMtOr N
� 7 4Y�OOaDf�O�N�A
0 V V� 1n � R!LS V V ln
a
v>
000000
000000
o � nr�r�r�nn
vvvvvv
� o00000 k I I I
fn Q
�
O � N M R�A tO f� �D �
N � � � 01 � � � � � � �
N} I I I I I I! I i I
LL � O N M V' tf? fD 1� CO
� m�� m W m� m�
�01���0�0)m��
N m
U � �
m N N
N
� ; � U
c O � N
' U
N V U 0
� .- c
� • O L
M � ~� f�
r N N
T � � L N
N t N �
� � � � �
N CS7
O C � � �
� �' � N �
Qt� � ttiii� O
��•� �� LL
o «, o � - o
V�' y � U Rf
� � c ' N -
m� O a U U
� � � N y N
O y N i=p p
t C •�-� N O
N Q 0 � � L
��� d� �
_. �
o« � '�' �
� � c c
y o� d 3 m
� m a�i m � �
oEro �'°'
N Y j,
t C X U �C
° o o N ° o
y >. o. `m � U
d m � � �� m
�
C X�C o m a
O•� H� N
m �
'o; o a E L U
� LL c6 `� ~ � O
Z � N �
'
'
�
,
'
�
'
'
� '
n
'
'
'
'
�
1
'
TOWN OF MARANA, ARIZONA
TABLE V
COMPUTATION OF LEGAL DEBT MARGIN
GENERAL OBLIGATION BONDS
June 30, 1999
(Unaudited)
Net Assessed Valuation
Debt Limit
Amount of debt applicable
to debt limit:
General obligation bonds
outstanding
Less assets in debt service
funds available for
payment of principal
Amount of debt applicable
to debt limt
Legal debt margin available
$ 81,390,365
20%
Bonds (1)
$ 16,278,073
6%
Bonds (2)
$ 4,883,422
Total
$ 21,161,495
$ 16,278,073 $ 4,883,422 $ 21,161,495
N otes:
(1) Under Arizona law, Towns can issue general obligation bonds for purposes of
water, sewer, artificial light, and parks up to an amount not exceeding 20%
of assessed valuation.
(2) Under Arizona law, Towns can issue general obligation bonds for all purposes
other'than those listed in Note (1) above, up to an amount not exceeding 6%
of assessed valuation.
Sources: Town of Marana, Arizona and Pima County Assessor's Office
of Pima County, Arizona
75
TOWN OF MARANA, ARIZONA
TABLE VI
COMPUTATION OF DIREGT AND OVERLAPPtl�tG DEBT
June 30, 1999
(Unaudited)
Jurisdiction
Town of Marana, Arizona
Pima County
Marana School District
Flowing Wells School District
Net
Bonded Debt
Outstanding
$ 7,930,Q00
153,280,000
65,220,000
17,950,000
$ 244,380,000
P ercentage
ApplicabPe
to Tawn
of Ma�ana
100.F7t}�0%
1.7'086%
27.d1 QO%
7.6923%
Amount
Applicable
to Town
of Marana
$ 7,930,000
2,618,909
17,615,922
1,380,769
$ 29,545,601
Notes:
(1) The bonded debt of Town of Marana, Arizona includes revenue bonds issued
by the Marana Municipal Property Corporation.
(2) Percentages and applicable amounts are estimated by the Tovvn of Marana,
Arizona based upon assessed property values and square mileage of
intersected territory.
Sources: Town of Marana, Arizona and Pima County Assessor's O�ice
�
of Pima County, Arizona
�
TOWN OF MARANA, ARIZONA
TABLE VII
LEASE REVENUE BOND COVERAGE
LAST TEN FiSCAL YEARS
(Unaudited)
Fiscal
Year
1989 — 90
1990 — 91
1991 — 92
1992 — 93
1993 — 94
1994 — 95
1995 — 96
1996 — 97
1997 — 98
1998 — 99
Excise
Revenues Principal
$ 768,149 $ —
1, 259,135 —
939,598 —
1,148,229 —
3,902,424 —
6,447,896 5,000
7,516,097 15,000
9,461,127 15,000
10,995,247 560,000
14,963,819 245,000
Interest _
$ 7,619 $
22,858
22,858
49,402
47, 361
47,061
45,993
44,903
479,362
Total
7, 619
22,858
22,858
49,402
47,361
52,061
60,993
59,903
560,000
724, 362
Coverage
100.82
55.09
41.11
23.24
82.40
123.85
123.23
157.94
19.63
20.66
Notes:
(1) Excise revenues include Taxes, Other agencies, Licenses, fees and permits, and Fines,
forfeitures and penalties in General Fund revenues.
(2) Excise revenues of the General Fund are pledged toward payment
of the lease revenue bonds
(3) For fiscal 97-98, 2 bond series were defeased. $545,000 of the $560,000
in principal was defeased. Because of the timing of the defeased debt
and the issuance of the 1997 bond series, there was no interest expense
incurred/recorded for fiscal 97-98.
Source: Town of Marana, Arizona
77
TOWN OF MARANA, ARIZONA
TABLE VIII
DEMOGRAPHICS
June 30, 1999
(Unaudited�
Population by Age Group
Percentage
Age Group Number of Total
Under 5 452 8.51%
5 —14 808 15.22%
15 —19 329 &.20%
20-29 807 i5.20%
30-39 1,i83 22.28%
40-49 757 14.26%
50 — 64 624 i 1.76%
65 and over 349 6.57%
Total 5,309 10Q.00°�
Population by Ethnic Background
Percentage
Age Group Number of �otal
White 3,624 68.26%
Hispanic 1,200 22.60%
Black 189 3.56%
NativeAmerican 133 2.51%
Other 163 3.07%
Total 5,309 100.0�%
Population by Jurisdiction:
Town of Pirna State of
Years Marana Caunty Arizona
1995 Special Census 5,309 758,050 4,�28,900
1990 Census 2,i87 66�,880 3,665,305
1980 Census 1,674 531,443 2,7f8,425
1970 Census 1,154 351,667 1,775,399
Note: Population figures are based on a recount campleted by the
U.S. Census on September 14, 1995
Sources: U.S. Census Bureau and Tawn of Marana, Arizona
Unemployment Averages:
Town of Pima Siate of
Years Marana County Arizona
1997 2.4°!0 3.3% 4.6%
1996 2.7% 3.7% 5.1 %
1995 2.4% 3.3% 5.1 %
1994 3.3% 4.5% 6.3%
1993 3.2% 4.4% 6.2%
1992 4.0% 5.4% 7.4%
Source: Arizona Department of Economic Security, Research Administratior
United
Stat�s
5.0%
5.4%
5.6%
6.1 %
6.8%
7.4%
78
TOWN OF MARANA, ARIZONA
TABLE IX
PROPERTY VALUE, CONSTRUCTION, AND BANK DEPOSITS
LAST TEN FISCAL YEARS
(Unaudited)
Fiscal
Year
1988 —89
1989 — 90
1990 — 91
1991 — 92
1992 — 93
1993 — 94
1994 — 95
1995 — 96
1996 — 97
1997 — 98
1998 —99
Estimated
Property
Value
$ 144,124,821
140, 991, 242
162,765,533
164, 744, 983
156,300,829
160, 582, 056
297,740,632
325,467,683
363,689,243
485, 315, 813
560,419,914
Residential Construction
Number of
Units Value
N.A. $ N.A.
N.A. N.A.
45 3,800,816
18 1,788,250
112 9,417,569
447 40,709,699
320 28,018,383
329 34,083,387
435 68,352,903
713 77,801,401
1,003 108,490,481
Commercial Construction
Number of
Units Value
N.A. $ N.A.
N.A. N.A.
5 318,629
10 1,713,967
1 20,000
5 189, 244
41 5,742,572
40 1, 842,171
36 4,284,366
40 6,675,409
37 15,730,402
Bank
Deposits
(000's)
N.A.
7,509
8,555
9,414
9,189
9,939
10,256
9, 538
11,998
Note: With recent annexations, there are several bank branches doing business in
Marana, Arizona.There is only one bank branch that officially lists its location as
Marana, Arizona. This one branch represents the bank deposits above. This
branch closed its official location in Marana in fiscal 1998, and no other banks
officially list their locations in Marana, Arizona for either fiscal 1999 or 1998.
Sources:� "Operating Banks and Branches" by Federal Deposit Insurance Corporation and Town of Marana
79
TOWN OF MARANA, ARIZONA
TABLE X
MISCELLANEOUS STATISTICAL DATA
June 30, 1999
(Unaudited)
'
'
Date of Incorporation: March 21, 1977
Form of Government: 7 member council/Manager
Largest Employers
Fry's
Marana School District
K — Mart
Tucson Electric Power
Flowing Wells School District
Evergreen Air Center
Payless Cashways
Arizona Army National Guard
Product/
Service
�eEail — Foad� �
School
Retail — Stores
E{ectric Utilitiy
School
Retail — Service
Retail — Stores
Government
Number of
Employees
(1) 1,500
(2) 1,21 i
(1) 1,200
(1) 989
(1) 645
(2) 642
(1) 210
(2) 160
Notes:
1) These totals represent employees in locations throughout Southern Arizona, not
just in the Town of Marana, Arizona
2)These totals are for employers with business �ddresses listed as Marana, Arizona.
Source: "Star 200 (The Major Employers of Southern Arizona)" published by the
Arizona Daily Star on March 14, 1999
Town Employees: June 30, 1999
Full — Time _
Part — Time
Total
133
27
160
'
�
,
�__ �
'
'
,
�
'
�
Police Protection
Number of Stations
Total Full — Time Employees
Commissioned Employees
Parks and Recreation
Acres
Parks
Playgrounds
Swimming Pools
Water Utiliry
Operable Wells
Active Services:
Metered
Unmetered
Water Distributed (Gallons)
2
57
46
40
1
1
1
12
f,130
14
139,525,370
'
'
��
'
'
m
' I