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TABLE OF CONTENTS
INTRODUCTORY SECTION
.
Letter of Transmittal ................................................................................
Town of Marana Officials ........................................................................
Town of Marana Organizational Chart ....................................................
GFOA Certificate of Achievement ..........................................................
FINANCIAL SECTION
Pa�e
. I
. IX
. X
. XI
Opinion of the Certified Public Accountant .................................................. 1
C'leneral Pur�ose Financial Statements Ex i i
Combined Balance Sheet - All Fund Types and
Account Groups .........................................................
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - All Governmental Fund
Types..........................................................................
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual - All
Governmental Fund Types .......................................
Combined Statement of Revenues, Expenses and
Changes in Equity - All Proprietary Fund Types.......
Combined Statement of Cash Flows - All Proprietary
FundTypes .................................................................
Notes to Combined Financial Statements .....................
1
2
3
4
5
2
3
5
7
8
9
Combinin�. Individual Fund and Account Grou�
Statements and Schedules
General Fund
Comparative Balance Sheets .........................................A-1
Statement of Revenues, Expenditures and Changes
in Unreserved Fund Balance - Budget and Actual......A-2
Special Revenue Funds
Combining Balance Sheet .............................................B-1
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances ..........................................B-2
1999 Community Development Block Grant - Statement
of Revenues, Expenditures and Changes in Fund
Balance - Budget and Actual ......................................B-3
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TABLE OF CONTENTS
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"11 "1 ell 1'� ._" � -� . J 1 � , � .
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, Expenditures 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 Actual ..........B-10
Auto Theft - Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual ..........B-11
Highway User Revenue - Statement of Revenues,
Expenditures and Changes in Fund Balance -
Budgetand Actual .......................................................B-12
LTAF - Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual..........B-13
LLEBG - Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual..........B-14
Debt Service Funds
Combining Balance Sheet .............................................C-1
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances ..........................................C-2
2000 General Obligation - Statement of Revenues,
Expenditures and Changes in Fund Balance -
Budget Actual .......................................................C-3
1997 General Obligation - Statement of Revenues,
Expenditures and Changes in Fund Balance -
Budget and Actual .......................................................C-4
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TABLE OF CONTENTS
Combining, Individual Fund and Account Grou�
Statements and Schedules (Continued) E i it a e
Capital Projects Funds
Combining Balance Sheet .............................................D-1
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances ..........................................D-2
2000 General Obligation - Statement
of Revenues, Expenditures and Changes in Fund
Balance - Budget and Actual ......................................D-3
1997 General Obligation - Statement
of Revenues, Expenditures and Changes in Fund
Balance - Budget and Actual ......................................D-4
Other Capital Project Funds - Statement
of Revenues, Expenditures and Changes in Fund
Balance - Budget and Actual ......................................D-5
Enterprise Funds
Combining Balance Sheet .............................................E-1
Combining Statement of Revenues, Expenditures and
Changes in Fund Equity ..............................................E-2
Combining Statement of Cash Flows ...........................E-3
Comparative Balance Sheets - Water Fund ..................E-4
Comparative Balance Sheets - Airport Authority .........E-5
Statement of Revenues, Expenses and Changes in Fund
Equity - Water Fund - Budget and Actual ..................E-6
Statement of Revenues, Expenses and Changes in Fund
Equity - Airport Authority - Budget and Actual.........E-7
General Fixed Assets Account Group
Comparative Schedule of General Fixed Assets by
Source.........................................................................F-1
Schedule of General Fixed Assets - By Function
and Activity .................................................................F-2
Schedule of Changes in General Fixed Assets -
By Function and Activity ............................................F-3
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TABLE OF CONTENTS
STATISTICAL SECTION (Unaudited)
a 1 Page
General Government Expenditures by Function -
Last Ten Fiscal Years ...........................................................I
General Revenues by Source - Last Ten Fiscal Yeaxs ...........II
Assessed and Estimated Value of Taxable Property -
Last Ten Fiscal Years ...........................................................III
Property T� Rates - Direct and Overlapping Governments -
(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 Bond Coverage - Last Ten Fiscal Years .......VII
Demographics ........................................................................VIII
Property Value and Construction -
Last Ten Fiscal Years ...........................................................IX
Top Ten Sales Taxpayers .......................................................X
Miscellaneous Statistical Data ...............................................XI
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MARANA
/i\
TOWN OF MARANA
December 31, 2001
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,
2001 is hereby submitted.
The Government Finance Officers Association of the United States and Canada (GFOA) most recently
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, 2000. The Certificate of
Achievement is a prestigious national award recognizing conformance with the highest standaxds 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 five consecutive fiscal years ended June 30, 2000, 1999, 1998, 1997
and 1996. 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 coordination with
the Town's special consultant, Mr. Ron Kovar, CPA and the Town's auditors, Clifton Gunderson LLP.
Responsibility 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 lrnowledge 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
Background
Located in northern Pima County, the Town of Marana is one of the fastest growing communities in Arizona.
The recently conducted 2000 census listed Marana as the fast growing city in Arizona. Over the ten year
I
13251 NORTH LON ADAMS ROAD ! MARANA, AZ 85653-9723 o TELEPHONE: (520) 682-3401 � FAX: 682-2654
period from 1990 to 2000, Marana's population increased from 2,162 to over 13,000, an increase in excess of
500%.
Straddling Interstate 10, Marana is only 10 miles north of downtown Tucson and 90 miles south of downtown
Phoenix. Marana's original incorporation covered approximately ten square miles. Today, the Town
boundaries encompass over seventy-five square miles.
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,
including Continental Ranch, Sunflower, Heritage Highlands and Continental Ranch Business Park.
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
regularing 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. A staff of approximately 175 employees
is responsible for the functions and operations of the Town government.
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 cultural events.
ECONOMIC CONDITION AND OUTLOOK
Current Condition
The Town of Marana continues to demonstrate significant fiscal growth and improvement. At June 30, 2001,
the unreserved, general fund balance was $20.1M, an increase of 9% from the previous fiscal year. Since
fiscal 1996, the unrestricted general fund balance has increased from $6.6M to $20.1M at fisca12001 year
end, an increase of over 200%.
The Town's economic prosperity and fiscal improvement continue to be fueled by a strong, albeit, slowing
local economy, prudent fiscal management and a management philosophy that fosters economic development
opportunities.
As expected, sales tax revenues continue to comprise a majority (68%) of general fund revenues. Retail trade
and the construction industry accounted for over $9.OM, or 73%, of total tax revenues. Retail trade grew by
3% ($178K), while the construction industry fell by 18% from the prior year. The decrease in construction
tax revenues is consistent with the decline in single family residential (SFR) permits issued for the year. SFR
pernuts decreased by 16% from the previous year.
The growth in retail trade was spurred by the manufactured housing segment of the industry. The Town has
benefited from the recent opening of six retail manufactured housing outlets in Southern Marana due to the
tax liability accruing at the origin of sale, rather than the site placement of the manufactured home. In FY O l,
the Town received in excess of $200K from the sale of manufactured homes, which partially offsets a
reduction in ta�c receipts from the top five retailers.
II
The moderate growth in retail sales, combined with the reduction in construction tax receipts, compelled staff
to prepare a more conservative budget for FY 02.
Sound fiscal management practices are key to the continuing success of the Town. Commencing with the
budgetary process and continuing with monthly management reports that monitor and report budget
variances, the fiscal processes ensure that total spending remains within approved budgetary levels and within
available financial resources
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 growth continues to occur predominately in two distinct areas of the Town. Continental Ranch,
while nearing build-out, is still home to several significant developments, including Continental Reserve,
Sunflower, Silverbell West and Silverbell Place.
Similarly, the Dove Mountain area continues to experience growth in Heritage Highlands, Quail Crossing,
Canyon Pass and Villages at Dove Mountain and Dove Creek.
Collectively, the two development areas are planned for over 10,000 homes.
With the adoption of the Northwest Marana Regional Plan and completion of bank protection along the Santa
Cruz River, significant residential activity is expected to occur in the northwest quadrant of the township.
Imminent projects include Rancho Santa Cruz, San Lucas and La Mirage.
From the commercial perspective, several new business establishments commenced operations in FY O1,
including Holiday and Ramada Inn Express, Wendy's, and Luke's Italian Beef.
New commercial projects under construction at fiscal year end included Inn Suites, Jack in the Box and La
Parrilla Suiza restaurant.
Collectively, these new business entities will significantly enhance the local tax and employment base of the
Town.
While construction has yet to begin, the Hyatt Regency Resort Project and Wal-Mart are expected to have a
huge economic impact on the community. Annual ta�c revenues of two million dollars are expected to accrue
to the Town from these two establishments. Construction is expected to commence in the first quarter of
2002 for both projects.
In summary, the economic outlook continues to be positive despite a slowing of the local economy,
particularly the retail trade and construction industry sectors. The FY 02 budget reflects a reduction in tax
revenues and, therefore, spending levels have been adjusted accordingly. In short, the Town is well
positioned to absorb the affects a downturn in the economy.
III
MAJOR INITIATIVES
Current Year Proiects
Fisca101 yielded several accomplishments that were consistent with the policy direction set forth by Mayor
and Council during the budget process.
Among the notable achievements were the following:
❖ Acquisition of the Trico facility ($3.OM) to serve as the operations center for the Town of Marana;
❖ Construction of approximately $3.8M in road improvements to increase transportation capacity in
congested areas, primarily on Cortaro Road between Silverbell and I-10;
°:• Expenditures of approximately $979K for enhancement to the Town's municipal water system, including
acquisition of water rights that will enable the Town to serve its growing population;
❖ Expenditures of approximately $270K for capital improvements to the Marana Northwest Regional
Airport, primarily for the design and construction of a fire protection/suppression system that should spur
economic development activities within the area;
•:° Commencement of design activities for park and recreation amenities, including the Continental Ranch
Neighborhood Park and the Santa Cruz River Park; FY O 1 expenditures totaled approximately $100K;
°:° Acquisition of vehicles, equipment and machinery totaling approximately $677K, including $200K for
seven new police vehicles; all expenditures are designed to replace aging equipment and enhance staff's
ability to respond efficiently and effectively to service demands;
❖ Implementation of a funding plan that ensures equitable financing of development-warranted
infrastructure;
Future Year Proiects �
The Town is committed to improving and increasing service levels 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:
❖ On-going design and construction of a municipal complex that will provide for the consolidation of
services and facilities to better serve the public;
❖ On-going design and construction of roadway improvements to increase traffic capacity; $12.OM
programmed in FY 02 for such improvements,
❖ Implementation of the recently adopted Northwest Marana Regional Plan in anticipation of expected
development in the northwest quadrant of the township;
•:° On-going design and construction of infrastructure improvements to the Marana Northwest Regional
Airport to facilitate economic development in the area;
•�m Master planning, design and construction of Parks and Recreation amenities, to include 40 miles of multi-
use trails system, including 21 miles of the Juan Batista Historic De Anza Trail, and a 48 acre district park
that will feature a public library and a multi-sports complex9
❖ Implementation of a fully integrated digital dispatch and communications system for the police
depariment, to include automated vehicle locator and remote, in-vehicle report writing capabilities;
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 from loss, theft, or misuse and to ensure that
adequate accounting data is compiled to allow for the preparation of financial statements in conformity with
generally accepted accounting principles. The internal control structure is designed to provide reasonable, but
not absolute, assurance that these objectives are met. The concept 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.
N
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
financial 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 staf£ This budget is reviewed by the Town Council and is formally adopted by
the passage of a budget resolution. The Town Manager is authorized 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 $18,586,046 in fisca12000-2001, an increase of 2.01% from FY 99-00.
General Fund increases (decreases) over the last year are shown in following tabulation:
Revenue Source
Taxes
Other Agencies
Licenses, Fees & Pernuts
Fines, Forfeitures & Penalties
Interest Income
Other
Amount
$12,613,851
$1,596,725
$2,429,073
$359,444
$1,306,134
$280,819
Total $18,586,046
Percent
of
Total
67.87%
8.59%
13.07%
1.93%
7.03%
1.51%
100.00%
Increase/
(Decrease)
from
2000
($343,426)
$175,554
($154,734)
$54,634
$386,671
$246,974
$365,673
Percent
Increase/
(Decrease)
from
2000
-2.65%
12.35%
-5.99%
17.92%
42.05%
729.72%
2.01 %
The decrease in tax revenues is attributable to a slowing local economy, particularly the construction industry.
Construction tax receipts were down by 18% (�700K), following the lead of new housing permits, which
were down 16%. Retail sales grew by a modest 3%, which partially mitigated the reduction in construction
sales tax.
Other agency revenue grew primarily because of an increase in the per capita distribution from the State of
Arizona.
Income from licenses, fees and permits decreased marginally due to a reduction in the number of single
family residential (SFR) housing permits issued. Perrriits dropped off by 16% from the prior year..
Fines, forfeitures and penalties increased modestly due to a continuing increase the volume of cases and an
aggressive sentence enforcement policy, which includes the employment of a collection agency to pursue
delinquent accounts.
The increase in interest income is a continuing reflection of the accumulation of reserves combined with
sound cash management.
V
The increase in Other Income stems from the adjudication of a long-standing case, of which the outcome was
favorable to the Town of Marana.
General Fund expenditures for general government purposes totaled $13,045,439 in fisca12000-2001, an
increase of only 10.15% from FY 99-00. 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
Magistrate Court
Public Works
Parks & Recreation
Debt Service/Capital Lease
Amount
$2,472,388
$2,642,826
$362,106
$3,202,162
$304,082
$2,871,481
$982,723
$207,671
Total $13,045,439
Percent
of
Total
18.95%
20.26%
2.78%
24.55%
2.33%
22.01 %
7.53%
1.59%
100.00%
Percent
Increase/
(Decrease)
From
2000
$47,799
$1,397,055
($-14,668)
$128,937
($24,085)
$12,372
($335,094)
($10,511)
$1,201,805
Percent
Increase/
(Decrease)
from
2000
1.97%
112.14%
-3.89%
4.20%
-734%
.43 %
-25.43%
-4.82%
10.15%
A marginal increase in General Government expenditures occurred in FY O1 from the previous fiscal year.
Modest increases in personnel costs were offset by lower operating expenditures amongst most general
government departments.
The increase in Development Services expenditures is due primarily to the centralization of operating asset
purchases, namely, vehicles and equipment and related services, e.g., repairs and maintenance. In FY O1,
approximately $860K was expended for vehicles and equipment, which previously were reflected in the using
deparhnent's budget. Personnel costs (additional) related to the expansion of the GIS division also
contributed to the increase.
Cost control measures implemented during the year account for the decrease in Town Attorney expenditures.
The increase in the general fund for Police stems primarily from adjustments in the compensation plan. The
changes to the salary plan were driven by local market conditions and were designed to attract and retain
qualified staff. This, again, demonstrates the Council's commitment to offer competitive wages and benefits
to its employees. The increase in personnel costs was partially offset by the aforementioned centralization of
asset purchases.
General fund expenditures for the Magistrate Court decreased due to lower operating expenditures.
The removal of capital equipment purchases, in conjunction with lower operating expenditures, leads to the
statistical anomaly for Parks and Recreation.
Despite the overall increase in expenditures, the Town's general fund balance increased by nearly 9%, again
indicating sound fiscal management practices.
Capital Proiects Fund
Proceeds of the Series 1997 and 2000 Revenue Bonds are accounted for in the Capital Projects funds until
improvement projects are completed. During FY O1, $7.6M was expended for capital projects, with the
lijl
majority dedicated to roadway improvement projects and the municipal complex (Trico facility). Capital
Project fund balances on hand at year-end represent primarily cash and cash investments.
Proprietarv/Enterprise Water Fund
The Town's enterprise funds, consisting of the water and airport fund, showed a net loss, collectively, of
approximately $373K, due primarily to fees paid to consultants for various studies, e.g., rate analysis, water
master plan, etc.
FINANCIAL MANAGEMENT
Debt Administration
At June 30, 2001, Marana Municipal Property Corporation had two revenue bond issues outstanding. The
Series 1997 bonds were issued in October 1997 and the Series 2000 were issued in February 2000. At June
30, 2001, the outstanding bond indebtedness for the Series 1997 bonds totaled $7,080,000, while the total
bond indebtedness for the Series 2000 bonds was $9,250,000.
The proceeds of the 1997 Series Bond issue were (are) used to finance capital improvement projects, namely
design and construction of major roadways and water system improvements. The Series 2000 bond proceeds
are being used to design and construct a municipal complex.
Through the years, the Town has entered into numerous capital 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 Mana�ement
The Town of Marana uses a system of consolidated cash mariagement where cash from all funds are pooled.
Cash to be used for the payment of current expenditures 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 all funds totaled $2,021,145 in FY 00-01, net of
bank analysis fees and investment expenses.
Risk Mana�ement
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 $2,000,000. 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 camer for worker's
compensation during FY 00-0 L
Various risk control techniques, including employee accident prevention training, are utilized to control the
Town's risk exposure.
OTHER INFORMATION
Independent Audit
The State of Arizona requires a bi-annual audit of the books of account, 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 LLP has been retained to perform the June 30, 2001 audit. The
auditor's report is included in the Financial Section of the report.
VII
Acknowled�ments
The preparation of the CAFR was made possible by dedication of Mr. Ron Kovar, CPA, Clifton Gunderson
LLP, and the entire staff of the Town's Finance department. Mr. Kovar is the Town's special consultant and
Clifton Gunderson LLP 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 Mayor and Council for their interest and support in planning and
conducting the financial operation of the Town in a responsible and progressive manner.
r ,, 7 l�espectfully submitted,
���� � � A ��
Michael C. Hein
Town Manager
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Roy Cuaron
Finance Directar
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TC?M,tN t�� MARANA
TOWN COUNCIL
Bobby Sutton, Jr., Mayor
Herbert Kai, Vice Mayor
Jim Blake
Patti Comerford
Tim Escobedo
Eddie Honea
Carol McGorray
SENIOR STAFF
Michael C. Hein \ Town Manager
Michael Reuwsaat \ Assistant Town Manager
Roy Cuaron \ Finance Director
Jim DeGrood \ Development Services Administrator
Brad DeSpain \ Utilities Director
Jocelyn Entz \ Town Clerk
Daniel J. Hochuli \ Town Attorney
Jack Holden \ Building Official
Jane Howell \ Human Resources Director
Farhad Moghimi \ Town Engineer/Public Works Director
Joel Shapiro � Planning & Zoning Director
Dave Smith \ Police Chief
Ron Smith \ Parks & Recreation Director
Joseph Teta \ Court Administrator
Ix
r _ Town of Marana
� DEPARTMENTAL ORGANIZATION
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Certif icate of
Achievement
for Excellence
in Financial
Ae ortin
� g
Presented to
Town of Marana,
Arizona
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 2000
A Certificate of Achievement for F�ccellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financia] reporting.
�.X
Pr sident
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Fxecutive Director
XI
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Clift�on
� Gunderson zLP
Certified Public Accountants & Consultants
Independent Auditor's Report
Honorable Mayor and Town Council
Town of Marana
Marana, Arizona
We have audited the accompanying general-purpose financial statements of the Town of Marana,
Arizona as of and for the year ended June 30, 2001. 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 auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government
Auditing 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
material respects, the financial position of the Town of Marana, Arizona as of June 30, 2001, and
the results of its operations and cash flows of its proprietary fund types for the year then ended,
in conformity with auditing standards generally accepted in the United States of America.
, In accordance with Government Auditing Standards, we have also issued a report dated
December 11, 2001 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.
That report is an integral part of an audit performed in accordance with Government Auditing
' Standards and should be read in conjunction with this report in considering the results of our
audit.
Our audit was performed 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 financial
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. Such
information has been subjected to the auditing procedures applied in the audit of the general-
purpose financial statements and, in our opinion, is fairly stated, in all material respects, in
relation to the general-purpose financial statements taken as a whole.
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.
� � ., _ �
i
Tucson, Arizona
December 11, 2001
Offices in 13 states and Washington, DC
�
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TOWN OF MARANA, ARIZONA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES - EXHIBIT 2
Year Ended June 30, 2001
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Totals
Special Debt Capital (Memorandum Only) ,
General Revenue Service Projects 2001 2000
REVENUES
Taxes $12,613,851 $ - $ - $ - $12,613,851 $12,957,277
Other agencies 1,596,725 1,390,077 - 2,277,704 5,264,506 2,965,901
Licenses, fees and permits 2,429,073 - - 108,355 2,537,428 2,583,807
Fines, forfeitures and
penalties 359,444 - - - 359,444 314,300
Interest 1,306,134 1,343 1,000 712,668 2,021,145 1,236,692
Other 280,819 100,286 - - 381,105 170,531
Total revenues 18,586,046 1,491,706 1,000 3,098,727 23,177,479 20,228,508
OTHER FINANCIAL SOURCES
Bond proceeds - - - - - 9,999,625
Transfers from other funds - - 109,023 2,047,003 2,339,923 4,495,949 2,151,419
Total other financial sources - 109,023 2,047,003 2,339,923 4,495,949 12,151,044
Total revenues and other financial sources 18,586,046 1,600,729 2,048,003 5,438,650 27,673,428 32,379,552
EXPENDITURES
Current operations
General government 2,472,388 30,530 - - 2,502,918 2,444,083
Development and planning services 2,642,826 - - - 2,642,826 1,245,771
Town attorney 362,106 - - - 362,106 376,774
Police 3,202,162 519,727 - - 3,721,889 3,544,326
Magistrate court 304,082 - - - 304,082 328,167
Publicworks 2,871,481 - - - 2,871,481 3,484,673
Parks and recreation 982,723 - - - 982,723 1,317,817
Community development - 404,839 - - 404,839 260,559
Debt service
Principal retirement 205,288 - 1,185,000 - 1,390,288 626,913
Interest 2,383 - 811,549 - 813,932 376,519
Fiscal agent fees/bond issuance costs - - 3,500 - 3,500 279,411
Capital improvement projects - - - 7,612,744 7,612,744 1,149,605
Total expenditures 13,045,439 955,096 2,000,049 7,612,744 23,613,328 15,434,618
OTHER FINANCIAL USES
Transfers to other funds 3,866,951 628,998 - - 4,495,949 2,151,419
Total other financial uses 3,866,951 628,998 - - 4,495,949 2,151,419
Total expenditures and other financial uses 16,912,390 1,584,094 2,000,049 7,612,744 28,109,277 17,586,037
Excess (deficiency) of revenues and
other financial sources over (under)
expenditures and other financial uses 1,673,656 16,635 47,954 (2,174,094) (435,849) 14,793,515
FUND BALANCES, BEGINNING 18,472,148 108,549 985,225 12,003,293 31,569,215 17,811,277
Residualequitytransfersout - - - (979,474) (979,474) (1,035,57�
FUND BALANCES, ENDING $20,145,804 $ 125,184 $1,033,179 $ 8,849,725 $30,153,892 �31,569,215
See notes to combined financial statements.
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TOWN OF MARANA, ARIZONA
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES - BUDGET AND ACTUAL -
ALL GOVERNMENTAL FUND TYPES - EXHIBIT 3
Year Ended June 30, 2001
Generai Special Revenue
Actual Budget (a) Variance Actual Budget (a) Variance
REVENUES
Taxes $12,613,851 $14,800,000 $ (2,186,149)
Other agencies 1,596,725 1,484,425 112,300
Licenses, fees and permits 2,429,073 2,443,000 (13,92�
Fines, forfeitures and
penalties 359,444 350,000 9,444
Interest 1,306,134 770,000 536,134
Miscellaneous 280,819 2,415,000 (2,134,181)
Total revenues 18,586,046 22,262,425 (3,676,379)
OTHER FINANCIAL SOURCES
Bond proceeds - - -
Transfe�s from other funds - - -
Total other financial sources - - -
Totai revenues and other financial sources 18,586,046 22,262,425 (3,676,379)
EXPENDITURES
Current o erations
$ - � $ - $ -
1,357,158 1,495,240 (138,082)
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1,343 _ _ - . 1,343
100,286 - 100,286
1,458,787 1,495,240 (36,453) '
.103,383 103,383 ,
103,383 - 103,383
1,562,170 1,495,240 66,930 '
p
General government 2,472,388 3,032,888 (560,500)
Development and planning services 2,642,826 2,766,350 (123,524)
Town attorney 362,106 350,000 12,106
Police 3,202,162 3,185,965 16,197
Magistrate court 304,082 344,598 (40,516)
Public works 2,871,481 2,489,183 382,298
Parks and recreation 982,723 982,336 387
Community development - - -
Debt service
Principal retirement 205,288 160,570 44,718
Interest 2,383 - 2,383
Fiscal agent fees/bond issuance costs - - -
Capital improvement projects - - -
Total expenditures 13,045,439 13,311,890 (266,451)
OTHER FINANCIAL USES
Transfers to other funds 3,866,951 8,950,535 (5,083,584)
Total expenditures and other financial uses 16,912,390 22,262,425 (5,350,035)
Excess (deficiency) of revenues and
other financial sources over (under)
expenditures and other financial uses 1,673,656 - 1,673,656
FUND BALANCES, BEGINNING 18,472,148 - 18,472,148
Residuai equity transfers out - - -
FUND BALANCES, ENDING $ 20,145,804 $ - $ 20,145,804
17,052
519,727
381,976
918,755
15,000
490,000
15,000
610,820
364,420
1,495,240
2,052
29,727
(15,000)
(610, 820)
17,556
(576, 485)
628,998 - 628,998
1,547,753 1,495,240 52,513
14,417 - 14,417
108,549 - 108,549
$ 122,966 $ - $ 122,966
(a) The Town's budget included an additional $737,250 for revenues and �841 ,797 for expenditures for water enterprise and airport
authority activities that are not included in this statement because these activities are proprietary in nature.
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' Debt Service Capital Project
Actual Budget (a) Variance Actual Budget (a) Variance
' _ _ - _ _ _ _ _
$ — $ — $ — $ — $ — $ — •
— — — 2,277,704 7,895,780 (5,618,076)
' _ _ = 108,355 375,000 (266,645)
1,000 — 1,000 712,668 _ 712,668
t 1,000 — 1,000 3,098,727 8,270,780 (5,172,053)
_ __ 5,000,000 �s,000,000� _
, 2,047,003 2,049,493 : — (2,490) 2,339,923 6,796,495 (4,456,572)
2,047,003 2,049,493 (2,490) 2,339,923 11,796,495 (9,456,572)
' 2,048,003 2,049,493 (1,490) 5,438,650 20,067,275 (14,628,625)
' _ _ _ . _ _ _ -__ .- __
, — — — — — _
, 185 000 1 185 000 — — — —
1,
811,549 809,242 2,307 — — —
, 3,500 55,251 (51,751) — — —
7,612,744 28,967,275 (21,354,531)
2,000,049 2,049,493 (49,444) 7,612,744 28,967,275 (21,354,531)
' — — — — — —
2,000,049 2,049,493 (49,444) 7,612,744 28,967,275 (21,354,531)
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47,954 — 47,954 (2,174,094) (8,900,000) 6,725,906
� 985,225 — 985,225 12,003,293 8,900,000 3,103,293
— — — (979,474) — (979,474)
' $ 1,033,179 $ — $ 1,033,179 $ 8,849,725 � — $ 8,849,725
'
' See notes to combined financial statements.
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TOWN OF MARANA, ARIZONA '
COMBINED STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
FUND EQUITY — ALL PROPRIETARY FUND TYPES — EXHIBIT 4 ,
Year Ended June 30, 2001
Proprietary Totals '
Fund Types (Memorandum Only)
_ - - : Enterprise 2001 2000 t
OPERATING REVENUES
Current use charges $ 676,955 $ 676,955 $ 624,482 ,
Other 79,373 79, 373 18,112
Total operating revenues 756,328 756,328 642,594 '
OPERATING EXPENSES
Material, supplies, and . _ . _ _ _ _ _ . .
- other expenses 923,922 923,922 917,515
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Depreciation expense 205,144 205,144 152,787
Total operating '
expenses 1,129,066 1,129,066 1,070,302
NET LOSS _ - _ (372,738) {372,738) (427,708) '
DEFICIT, BEGINNING (867,464) (867,464) (439,756)
DEFICIT, ENDING (1,240,202) (1,240,202) (867,464) '
CONTRIBUTED CAPITAL, BEGINNING 4,050,715 4,050,715 3,015,138 '
Residual equity transfers in 979,474 979,474 1,035,577
CONTRIBUTED CAPfTAL, ENDING 5,030,189 5,030,189 4,050,715 '
FUND EQUITY, ENDING $ 3,789,987 $ 3,789,987 $ 3,183,251 '
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TOWN OF MARANA, ARIZONA
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES — EXHIBIT 5
Year Ended June 30, 2001
Proprietary Totals
Fund Types (Memorandum Only)
Enterprise 2001 2000
__ : _ _
CASH FLOWS FROM OPERATING ACTIVITIES �
' Loss from operations $ (372,738) $ (372,738) $ (427,708)
Adjustments to reconcile loss from operations to net
cash used in operating activities :
, Depreciation 205,144 205,144 152,787
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable 2,476 2,476 (31,026)
Increase (decrease) in accounts payable
, and accrued expenses (166,942) (166,942) 263,224
Net cash used in operating activities (332,060) (332,060) (42,723)
' CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
' (Increase) decrease in due from other funds 98,616 98,616 (66,336)
Decrease in due to other funds (26,964) (26,964) (163,410)
Net cash provided by (used in)
' noncapital financing activities 71,652 71,652 (229,746)
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES
' Residual equity transfers from special revenue funds — — 185,580
Residual equity transfers from capital project funds 979,474 979,474 849,997
Principal paid on capital lease — — (7,024)
, Principal paid on note payable (8,800) (8,800} (8,800)
Purchase of fixed assets (713,266) (713,266) (747,284)
Net cash provided by capital
and related financing activities
NET INCREASE W CASH
CASH, BEGINNING OF YEAR
CASH, END OF YEAR
257,408
$ —
257,408 272,469
$ — � —
SUPPLEMENTAL SCHEDULE OF NONCASH CAPITAL AND RELATED FINANCING ACTIVITIES
During fiscal 2000, the Town financed the purchase of fixed assets with the application of a deposit
for fixed asset acquisition of $207,090.
See notes to combined financial statements.
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TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
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report. Control is determined on the basis of budget adoption, taxmg authonty, and the '
ability to significantly influence operations and accountability for fiscal matters. The
A. �eneral 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 Mayor and Council are included in the annual financial
Town provides a full range of services including general government, development and
planning, legal, public safety, public works, and parks and recreation 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 establishing accounting and financial
reporting principles. The more significant accounting policies of the Town are described
below.
B. Financial Re�orting Entitv
_ _
In accordance with Governmental Accounting Standards Board Statement 14, "The
Financial Reporting Entity", these financial statements present the Town and its only
component unit, the Tow�n of Marana Municipal Property Corporation (MMPC). The
MMPC is blended with the Town in these financial statements because the MMPC was
established by the Town in order to fund the debt incurred to finance the purchase of the
Town hall, various capital projects, and fixed 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 Marana's Finance Department.
C. Basis of Presentation
The accounts of the Town are organized on the basis of funds and account groups, each of
which is considered a separate accounting entity. The operations of each fund are
accounted for with a separate set of self-balancing 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 purposes for which they are to be
spent and the means by which spending activities are controlled. The various funds are
grouped, in the financial statements in this report, into generic fund types and broad fund
categories as follows:
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, TOWN OF MARANA, ARIZONA
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NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
_ i
' NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued):
' _ C. Basis of Presentation (Continued) - '
' . Governmental Fund Ty�es
_ _ __ . _ _
General fund - This fund is the general operating fund of the Town. It is used to
'' account for all financial resources, except those required to be accounted for in another
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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.
_ I
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__ __ - - _
- - - -
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.
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___
Capital project funds - These funds are used to account for the acquisition or
' construction of capital facilities being financed from General Obligation Bond proceeds,
grants from other agencies, or transfers from other funds.
■ -
Pro�riet Fund T.Xpes
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 beginning in fiscal 2000) as
noted below:
Enterprise funds - These funds are used to account for operations that are financed
and operated in a manner similar to private business enterprises. The intent of the
governing body is that the costs (expenses, including depreciation) of providing services
to the general public on a continuing basis be financed or recovered primarily through
user charges.
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TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued):
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C. Basis of Presentation (Continued) - - - '
Account Grouns
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 concerned only with the measurement of financial
, position. They are 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 far
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 are 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. 1V�easurement FocusBasic of Accounting
Measurement focus refers to what is being measured; basis of accounting refers to when
revenues and expenditures are recognized in the accounts and reported in the financial
statements. Basis of accounting relates to the timing of the measurement made,
regardless 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 accounting. Under the modified accrual basis of
accounting, revenues are recognized when susceptible to accrual; i.e., when they become
both measurable and available. "Measurable" 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 pay liabilities of the current period, which for the Town is
considered to be 60 days after year end. Expenditures are recorded when the related fund
liability is incurred. Exceptions to this general rule include principal and interest on
general long-term debt which are recorded as fund liabilities when due, and accrued
vacation which is recorded when payable from current available financial resources.
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' TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
' June 30, 2001
,
NOTE 1 - SUMMARY OF SIGNIFICANT 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 prior; to the incurrence of qualifying expenditures. In subsequent periods,
' when both revenue recognition criteria are met, or when the government has a legal claim
to the resource, the liability for deferred revenue is removed from the combined balance
' sheet and revenue is recognized.
Grant revenues are susce}�tible to accrual if they are earned as expenditures occur. Taxes
collected (which include state shared sales t�es, Town sales tax, and county shared auto
lieu taxes) and held by 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 using the accrual basis of accounting. Revenues are recorded when earned,
including unbilled water services which are accrued. Expenses are recorded at the time
liabilities are incurred. 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.
12
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued):
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E. �udgetary 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 expenditures of the
1979-80 fiscal year, restricts the growth of expenditures based on a factor of increases in ,
population and inflation. Certain expenditures are held to be excludable. The limitation
- is set by the State Economic Estimates Commission prior to April 1 of each year for the -
following fiscal year. As allowed, the voters of the Town of Marana, on March 1 l, 1997,
: approved an alternative expenditure limitation - home rule option to be applicable to the `_
. - Town. This alternative expenditure limitation is -free from-any ties to the state irriposed -
- - 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 expenditures held to be
excludable. Therefore, the annual expenditure limitation equals the adopted budget.
The Town establishes its fiscal year as the twelve-month period beginning July_ l. The __
. departments submit to the Town manager a budget of estimated expenditures for the -
ensuing fiscal year. The Town manager and each department head meet to discuss
mutually acceptable changes for the estimated expenditures for that department after
whicli the Town manager subsequently submits a budget of estimated expenditures and
revenues to the Town Council. _ _
Upon receipt of the budget estimates, the Town Council will hold a public meeting to
obtain t�payer comments. Concurrently, a copy of the budget estimates is published in a
local newspaper. The Town Council is prevented from legally enacting the budget
through passage of a resolution until 15 days have passed after the date of the public
meeting. Prior to July 1, the budget is legally enacted.
The Town manager is authorized to transfer budgeted amounts between any departments
or any funds; however, any revisions that reallocate budgeted amounts from the budget
line items labeled "contingency" must be approved by the Town Council.
Budgeted amounts are as originally adopted and all appropriations lapse at year end. All
budgets are adopted on a basis consistent with generally accepted accounting principles
except the enterprise funds, for which depreciation is not budgeted and the acquisition of
capital assets are budgeted as expenditures.
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TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued):
' E. Budgetary Control (Continued) _.
The Combined Statement of Revenues, Expenditures and Changes in Fund Balances -
'_ Budget and Actual - All Governmental Fund Types presents a comparison of budgetary
data to actual results � of operations #�or which annual operating budgets are legally
adopted. _ _ _ _ . _- _ :
_
' -
' ?' ' � A budge�ary�bas�s to'G�A� basis reconciliation of the special revenue funds, of which
the 2000 Community Development Block Grant and Fill T'he Gap - Courts Funds were
not budgeted, follows: -
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Budgetary Unbudgeted GAAP
__ _ __ _ __ _ _ Basis - _ Fund Basis
_ . __
Actual Actual A ua
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Total revenues and other financial sources $1,562,170
_ _ _ _
Total expenditures and other financial uses 1�547,753
Excess of revenues and other
financial sources over
expenditures and other financial uses
F. Encumbrances
$ 38,559 $1,600,729
36,341 1,584,094
$ 14,417 � 2,218 � 16�35
Encumbrance accounting, under which purchase orders, contracts, and other
commitments for the expenditure of monies are recorded in order to reserve that portion
of the applicable appropriation, is not employed as an extension of formal budgetary
integration in the general fund and special revenue funds.
I ' . 14
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued);
G. Reservations and besignations of Fund Balances
In addition to the reservations of fund balance for prepaid expenditures mentioned below,
the Town has established other reservations of fund balance 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 far 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. Use of Estimates
The preparation of general purpose financial statements in conformity with generally
accepted accounting principles requires management 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 eapenditures during the reporting period. Actual results could differ from
these estimates.
L �ond 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 straight line basis over 20 years. For all other
funds, bond issuance costs are recognized as expenditures in the period in which the
bonds are issued.
J. Cash and Cash E�uivalents
For the purpose of the statement of cash flows, the Town considers all highly liquid
investments (including the funds' participation in the investment pool account, and
appropriate restricted assets) to be cash equivalents. Individual fund investments with a
maturity of 3 months or less when purchased are considered as cash equivalents.
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(Continued):
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
' _ K.Investments
GASB Statement No. 31 provides that governmental entities may report all investments
' at fair value or they may elect to report certain money market investments and
=- _. participating _ interest-earning _ investment contracts_ at amortized cost. The Town has._
elected to report all investments at fair value. Statutes authorize the Town to invest
' public monies in certificates of deposit, interest bearing savings accounts, and repurchase
agreements provided eligible depositories meet interest rate, capital structure, and
' collateral requirements. - Other authorized in��est�nents include obligations 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 ("LGIP"). The LGIP is
' overseen by the State of Arizona. The fair value of each share in the LGIP is $1.
L. Restricted Assets
, _ __ _ :-. .- .. _, _
The trust indentures executed for all 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 purchasing fixed assets for the water fund, to
' finance various capital projects, and to construct a new facility for the Town's operations.
'
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In addition, the State of Arizona required that assets obtained at the completion of
criminal proceedings by the Town's police department be given to Pima County for
custodial purposes. These assets are restricted for expenditures that will enhance the
Town's ability to conduct police investigations.
M. Prepaid Exnenditures
' Prepaid expenditures are for payments made by the Town in the current year for liability
insurance coverages extending into the subsequent year, and the reserve for prepaid items
has been recognized to signify that a portion of fund balance is not available for other
' subsequent expenditures.
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N. Interfund Recei��ables and Pa3�ables
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.
16
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TOWN OF MARANA, ARIZONA '
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001 '
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ,
(Continued):
_ O. Inventories ,
The Town uses the purchase method of expending inventories. There were no significant
inventories on hand at June 30, 2001 in the general fund� - '
. P. Fixed Assets . :. . . .
'
,, General Fixed Assets Account Grou� -
Fixed 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, bridges, curbs and gutters, streets and sidewalks, '
drainage systems; and lighting systems, are not capitalized along with other general fixed
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 nortnal ,
maintenance and repairs that do not add to the value of the asset or materially extend
�' asset lives are not capitalized. No depreciation has been provided on any of the
remaining assets. '
Pronrietarv Fund T.y�e . _
Properly, plant, and equipment owned by the enterprise funds are recorded at cost. '
Repairs and maintenance are recorded as expenses; 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
Useful Lives (Years�
Pump stations, distribution systems,
equipment and improvements 20
Organization costs 5-40
Machinery, equipment, and assets under capital lease 5
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I TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
' June 30, 2001 .
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
' ed .
(Contmu )•
_ _.
- __ _ __
Q. ��italized Lease Obligations
_ 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 reflected as an expenditure and other financing
' source, and simultaneously the acquired asset and related liability are recorded in the
-= General Fixed Assets Account Group and in the General Long-Term Debt Account
- Group. Capitalized leases of the proprietary fund are accounted for entirely within the
' proprietary fund by capitalizing the asset acquired and recording the lease obligation as a
liability.
' _ :_ _
R. Com�ensated Absences
' - •=-In the ger�eral -long-terrn debt group of `accounts, essentially the entire accumulated
liability for compensated absences is reflected, since the liability at June 30, 2001, will
most likely not be paid within the current accounting cycle. Rather, in fiscal 2002 the
j' Town will probably pay that year's accrual without utilizing amounts accrued from prior
_ years.
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' S. Fund Changec and Transactions Between Funds
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Transactions that would be treated as revenue, expenditures, or expenses if they involved
organizations external to the governmental unit are accounted for as revenue,
expenditures, ar expenses in the funds involved. Transactions which constitute
reimbursements of a fund for expenditures or expenses initially made from that fund
which are properly applicable to another fund are recorded as expenditures or expenses in
the reimbursing fund and as reductions of the expenditure 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
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I ' 18
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued):
T. Comparative Data - _ _ .
Comparative total data for the prior year is presented in the financial statements in order
to provide an understanding 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 m�ke the statements unduly complex and difficult
to read.
Tota1 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 changes in cash flows
in conformity with generally accepted accounting principles. Neither is such data
comparable to . a consolidation. Interfund eliminations have not been made in the
aggregation of this data.
- - -U. Seized PronertX _
The Town Police have in their custody certain assets seized in criminal proceedings.
Until formal procedures have been finalized, the ownership of this property is not
determinable. In addition, legal requirements dictate that such assets not be reflected on
the Town's financial records in an agency capacity until Town ownership has been
determined. Consequently, no such assets are recorded on these financial statements.
NOTE 2- DEPOSITS AND INVESTMENTS
A. De�osits
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 funds totaled $100 at
June 30, 2001.
At year end, the book value of the Town's banl: demand accounts were $20,672 and the
bank balances were $618,836. The difference of $598,164 represents deposits in transit
and outstanding checks at June 30, 2001. $100,000 of the total bank balance was covered
by federal depository insurance and the remaining balance of $518,836 of the total bank
balance was covered by collateral held by the Town's custodial bank in the Town's name.
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TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
NOTE 2- DEPOSITS AND INVESTMENTS (Continued)
A. De i (Continued)
, ._ - , _ -- _ _. . .
At year end, the Town owned a nonnegotiable certificate of deposit vvith an original
maturity of more than 3 months. This certificate of deposit has a bank balance of
' $508,502 at June 30, 2001, which is the same as its fair value. This certificate of deposit
is covered by collateral held by the Town's custodial bank in the Town's name.
' . __ _ _ _ _ : _ _
Restricted assets: cash is uncollateralized by the trustee holding these balances. At year
end, the book value: of these balances, which was the same as the bank balances, tofaled :
, ` $24,940. _
B. Investments _ __ .
'_ . .
The Town's investments as of June 30, 2001 are:
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State Treasurer's Local Government Investment Pool _
Money Market Funds
Total Investments
Fair
Value - _
$27,966,202
2,313.116
$30,272�318
-- - __
Amounts invested in the State Treasurer's Local Government Investment Pool and Money
' Market Funds are recorded at fair value. Government Pool investments and money
market funds are not categorized, in accordance with GASB No. 3, because they are not
, evidenced by securities that exist in physical or book entry form.
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A reconciliation of E�ibit 1 to Note 2 is as follows:
E ' it
Cash/Pooled Investments
Investment
Restricted assets: Cash/Pooled Investments
Restricted assets: Cash/Investments
Total
No� 2:
Cash
Certificate of Deposit
Restricted assets: Cash
Investments
Total
$17,593,554
508,502
10,393,420
2�338.056
�30.833.532 .
$ 20,772
508,�02
24,940
30,279�� 18
. 30,833,532
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TOWN OF MARANA, ARIZONA '
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001 '
NOTE 3- FIXED ASSETS, NET OF ACCUMULATED DEPRECIATION '
�_ ._ - The following is a summary of the changes in general fixed assets for fisca12001: : '
Balance Balance '
: July 1; 2000 Additions Deletions -: - June30, 2001
_ . __
Land $ 540,386 $1,759,757 $ (20,321) _ $ 2,279,822 '
- Buildings -1,160,114 1,563,458 -(114,425) 2,609,14Z_
` : Assets under capital lease 221,522 - (221,522) -
_ '
Machinery, equipment, and
other assets 3,177,088 901,262 (139,009) 3,939,341
Marana Park 1,111,614 _ : - 1,111,614 '
Leasehold improvements 464,157 = - 464,157
__ Total : 6 674 1 ==$4�224 �(495,2771 �10�404,081-- _
A summary of enterprise fund property, plant, and equipment at June 30, 2001 is as '
_ follows: _ _
. __ _
Land $ 221,810 '
Water rights 433,696
Improvements, including wells and tanks 3,574,173 '
Machinery, equipment, and other assets 97,780
Organization costs 54,,737
Total 4 382 196 ,
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Less accumulated depreciation and amortization ( 637�804�
Fixed assets, net � 744 � 2 '
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' TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
' June 30, 2001
' NOTE 4 - INTERFUND TRANSACTIONS
A. Amounts due to/from other funds at June 30�2001, are as follows:
t . - - _
-_ _ ,
The amount due to the General Fund is due from: •
Special Revenue:
, 1999 Community Development Block Grant $ 51,412
, _ _ 2000 Community Development Block Grant . 1,806 `
GITEM _ 12,061 ���
' - - _ 44161 �
HIDTA ' ' ,��'�'��
_ __ MANTIS ' : : :29,210 :
Auto Theft _. ,
' . 11 579
Capital Projects: _
--
_ _- _ - _ 19 836
1997 General Obligation �
t 2000 General Obligation 3,Q21.918 7 7�� �'
Total $3,191,983
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The amount due-to Special Revenue Funds is as follows: _
The amount due to HOME Program is due from the General Fund $ 74 864
The amount due to CJEF Court Fund is due from the General Fund 23,714 E�,,,� �°(�
The amount due to Fill The Gap - Courts �
is due from the General Fund 2 21 g "'�`'� `
Total $ l OQ,796 �;� ��,� � �
The amount due to Capital Project Funds is as follows:
The amount due to Other Capital Project Funds is due from
the General Fund
. from Special Revenue:
Highway User Revenue
Local Transportation Assistance
- Total
The amount due to Enterprise Funds is as follows:
. The amount due to the Water Fund is due from
the General Fund
the Special Revenue Fund HOME program
Total due to the Water Fund
The amount due to the Airport Authority is due from
the General Fund
Total -
22
$ 672,821 `�.
89,309 �y��� /
9,656 S � r^ / 1'
7 78
$ 167,752 �
552
168,304 ,
�,51g
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TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
,
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NOTE 4 - INTERFUND TRANSACTIONS (Continued) '
B. Residual 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 � 979,474
_ _ , , _ __ '
_ - NOTE 5 "- LONG = TERM DEBT - ` _ _
- , i _ _ , . '
.- _ During 1998, the Town s enterprise/water fund was advanced funds under a zero-mterest
�. �loan in the amount of $88,000 for the purchase of fixed assets for the water system,
collateralized by two storage 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
taxpayer. Under this unsecured agreement, the Town agreed to repay the taxpayer 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 tax collected by the Town from local
businesses within the general vicinity of the improvements created by this project. Based
on payments made during fiscal 2001, it is estimated annual repayments will be ,
approximately $155,000 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, 2001:
Fiscal Year Water General Long-
Endin� June 30, und Term Debt
2002 `
2003
2004
2005
2006
Thereafter
Total
Less amount representing interest
_ _ _ PrincipaT _ _ _ _ _ .
$ 8,800 $155,000
8,800 29,771
_ . 8,800 -
8,800 -
8,800 -
17,600 -
61,600 184,771
�=) �=)
1 � $���ZZ�
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� TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
, June 30, 2001
NOTE 5- LONG - TERM DEBT (Continued)
' _
� The following is a suminary of changes in general long-term debt activity for fisca12001:
Balances Balances
i at July 1� June 30,
_ _ _ _ _ _ _: 2000 " i i Reductions 2001
_ _
1 _ _
Revenue Bonds (A) $17,�15,000 $ - $(1,185,000) $16,330,000
Compensated absences (B) 238,139 46,983 - 285,122
: Capitalleases _ . , 50,386 - _ (50,386) __
' _ .
Contract payable 339�673 - (154.902) 184,771
Total �18.143�198 �46,983 �(1.390�288) �16,799
' : _ _
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
' The 2000 Series Revenue Bonds are not callable.
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Redemption Price (As
a Percent of Princi�all
101.0%
100.5
100.0
Annual debt service requirements to maturity for these revenue bonds are as follows:
Fiscal Year 1997 Series 2000 Series
Ending June 30, Bonds BQds Total
2002
2003
2004
200�
2006
Thereafter
Total
Less amount representing interest
Principal
$ 785,623 $ 1,265,700 $ 2,051,323
791,454 1,249,100 2,040,554
790,873 1,255,550 2,046,423
799,105 1,236,313 2,035,418
785,380 1,240,800 2,026,180
6,5609�6 � 560,081 12,121.037
10,513,391 11,807,544 22,320,935
� 3�433,391) ( 2 ( 5.990,935)
� 7,080,000 � 9,250�000 16,330,000
24
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
NOTE 5- LONG - TERM DEBT (Continued)
_ _
B. Com�ensated Absences
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This consists of the long-term portion of accrued vacation and compensatory time, with
an increase of $46,983 for fisca12001: '
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NOTE 6- ADVANCED REFUNDING/DEFEASANCE OF DEBT : ,
: Part of the proceeds ($592,753) from the 1997 Series Revenue Bonds were used to refund <-
_ . '
botlr the 1990 - and 1992 Series Revenue Bonds. The two debt issues refunded had . -
remaining outstanding balances totaling $545,000. The purpose of the refunding was to
- take advantage of Iower interest rates, as well as to restructure future debt service ,
payments. This refunding decreased the Town's total debt requirements by $178,001 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 refunding were deposited in trust with an escrow `
agency and invested in U.S. Governmental 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 financial
statements. At June 30, 2001 the amount of outstanding principal relative to the 1992
Series Revenue Bonds was $280,000 with the 1990 Series Revenue Bonds fully
redeemed during fiscal 1999.
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TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
NOTE 7- EMPLOYEE RETIREMENT SYSTEMS
A. Arizona Public Safety Retirement System
, _ _ :
All of the Town's full-time police officers are covered by the Marana Iv'Iarshal's Arizona
' Public Safety Personnel Retirement System, which is an agent /multiple-employer
administered by the fund manager 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 -�eport that- includes financiai statements and required
'` �_ supplemental informa�ion for the Marana Marshal's plan. This report may be obtained by
writing to the Arizona Public Safety Personnel Retirement System 1020 E. Missouri
Phoenix, Arizona 85014.
. _ _, _. _
' The ension lan provides pension benefits, deferred allowances, death and disability
P P
benefits and limited health insurance benefits. A member is eligible if he is employed in
' a eovered position prior to atfaining. age 50 years, for at least 20 hours a week for more
than 6 months a year. A member may retire after reaching the age 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 25 or more years of credited
service are entitled to monthly pension payments for the remainder of their lives equal to
, �0% of average monthly compensation for the first 20 years of credited service with the
Town, plus 2 1/2% 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 25 years with the Town. Police officers who retire with
less than 20 years 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 maximum monthly pension payment cannot exceed 80% of the
' average 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.
' 26
_ _. : _ _
_ - _
TOWN OF MARANA, ARIZONA ,
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001 '
NOTE 7- EMPLOYEE RETIREMENT SYSTEMS (Continued)
_ _ _ _ _ _ .
A. Arizona Public Safety Retirement System (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 years, out of the last 10 years of credited
: service, in which the amount paid was highest. If the police officer's disability was not
service connected, the <disabled officer is entitled to monthly payments for life of 25%
_�-. �_; 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 officer is only temporarily disabled, he is entitled 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 75% of the monthly payments, or 100% if duty related, the
__
deceased active police officer would have been paid far disability or, in the case of a
retired police officer, 75% of the retired officer'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. When the dependent
child reaches the age of 18 or 23, if the dependent is a full-time student, the monthly
payments v�Till 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 police officer or his surviving spouse pay for this
coverage. However, they cannot be charged more than $150 per month plus an amount
up to $110 per month for dependent coverage, if any.
Available as a pilot program from July l, 2001 through June 30, 2006, officers with at
least 20 years of credited service may elect to enter the Deferred Retirement Option Plan
(DROP), for up to 60 months. During the DROP period, the frozen accrued pension is
credited to the officer's DROP account. The account is paid at time of actual retirement.
The Town's current year payroll for eligible police officers amounted to approximately
_ . __ _ __-
$2,298,000. _ _ __ _ _ __ _ __ _
'
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_ _,
��
27
,
� _
' _ : - - _ _ _ _ _ _ -
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
� _ June 30, 2001
' NOTE 7- EMPLOYEE RETIREMENT SYSTEMS (Continued)
A. Arizona Public Safety Retirement �ystem (Continued)
- -- _ .
�-- - - __,_ - - --- _
----- _ _-- - __ _
Police officers of the Town are required to pay 7.65% of their gross earnings to the
pension plan. The Town makes periodic contributions to the pension plan at actuarially
, determined rates that, expressed as percentages of annual covered payroll, are designed to
_accumulate sufficient- assets to pay benefits when due. The normal cost and actuarial
accrued liability are determined using an entry age actuarial funding method. Unfunded
' actuarial accrued liabilities are being amortized as a level percent of payroll over an open
: period of 20 years. starting July 1 2001: During 2001, the Town was required to
_._. contribute 9.22% of its police officers' covered payroll to the plan.
� . _
The contribution requirements of plan meinbers 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.
'
,
'
�1
Total contributions made during fiscal 2000 were $387,737, of which $211,911 was made
by the Town and $175,826 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, 2001, to determine
the standardized measure of the entry age actuarial accrued liability and these
assumptions are summarized below:
.
'
.
'
.
'
�_ _
'
The present value of future pension payments is computed by using a discount rate of
9%. The discount rate is equal to the estimated long-term rate of return on current
and future investments of the pension plan.
Future pension payments reflect an assumption of 5.�% (compounded annually)
salary increases as a result of inflation.
Future pension payments reflect an assumption of additional projected salary
increases ranging from 1.0% to 4.0% per year, depending on age, 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.
� ' 28
_ . ,_ _
TOWN OF MARANA, ARIZONA '
NOTES TO COMBINED FINANCIAL STATEMENTS
. June 30, 2001 . _ '
_ NOTE 7- EMPLOYEE RETIREMENT SYSTEMS (Continued) '
A. Arizona Public Safety Retirement System (Continued)
-_ '
The standardized measure of the unfunded actuarial accrued liability as of June 30, 2001
_ . is as follows: _ _ - _ . _'
Active members _ - $ 2,373;42L _ �
:' _ -: Retired members and survivors 736,055 _
- Former members with vested benefits ,._ ` 70�162 `
Total actuarial accrued liabilit 3,179,638 �
Y
Actuarial value of assets 5,140.522
__ _ . - _ - - '
Unfunded actuarial accrued liability $(1.960.884)-
- . _ '
R�e uired Su��lemental Information
1
: SCHEDULE OF EMPLOYER CONTRIBUTIONS
_ _
Fiscal Annual '
Year Ended Required Percent
_ June 30�: Contribution Contributed _ '
1996 $ 58,775 100.0%
1997 62,948 100.0% ,
1998 66,970 100.0%
1999 100,783 100.0%
2000 106,6�� 100.0% ,
2001 211,911 100.0%
.
'
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_ _ . _ _
_ _ _ _ _ _ . __ '
'
29 '
� _ __ .
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I TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
, June 30, 2001
' _ __ NOTE 7- EMPLOYEE RETIREMENT SYSTEMS (Continued)
I
A. A�-i�ona Public Safe� Retirement �ystem (Continued)
_ _ -- - - - -- _- _ _ _ _ _ __ _ - _ _ _ _ _ _
�2ec�uired unnlemental Information (Continued) '
, _ _ . .
_ . � SCHEDULE OF FUNDING PROGRESS . . - _ _ _ _
_
' -
_; ,
_ _. ,_ __ . -- : _ _. __ (6) _ . _
' -- - - -- — _
-
- — Unfunded .
_ _ �2� AAL as a
(1) Entry Age (3) (4) (5) Percentage
' _ .
Valuation Actuarial Actuarial Percent Unfunded Annual of Covered
Date Value of Accrued Funded AAL Covered Payroll
June 30 Assets Liabilit�(AAL) 1/ 2 2- 1 roll 4 5
- __
- _ _ _ _ _- _ -- - —
1996 $ 1,462,763 $1,260,459 116.1% $ (202,�04) $ 965,119 -%
1997 1,956,059 1,862,109 lOSA ( 93,950) 1,275,174 -%
1998 2,527,484 2,188,698 115.5 (338,786) 1,398,167 -%
, 1999 3,374,868 3,145,797 107.3 (229,071) 1,737,509 -%
2000 4,265,537 4,249,197 100.4 (16,340) 2,014,412 -%
2001 -- 5,140,522 3,179,638 16I.7 (1,960,884) 2,225,156 -%
,
��
'
Fiscal
Year Ended
June 30,
Trend Information
Annual
Pension
Cost �APCI
Percent Net Pension
Contributed bli t' n
' 1996 - $ 58,775 100.0% $0
1997 62,948 100.0 0
1998 _ 66,970 100.0 0
1999 100,783 100.0 0
' 2000 106,665 100.0 0
2001 211,911 100.0 0
' No changes in actuarial assumptions or benefit provisions that would significantly affect
the valuation of the unfunded actuarial accrued liabilities occurred during fisca12001.
- _ :
M h 1' Ar' a PERS held no
�J
�
During fisca12001 and as of June 30, 2001, the Marana ars a s izon
securities issued by the Town or other related parties.
30
TOWN OF MARAl�'A, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
_ June 30, 2001 -
NOTE 7- EMPLOYEE RETIREMENT SYSTEMS (Continued)
_ _ _
B. TQwn of Marana Retirement Plan
.-- -- --_ ___- -- -
Effective July 1, 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
IVlanagement 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 pravides pension benefits for all full-time
� '_ -- employees ` and permanent part-time emplo��ees, 'except .' for commissioned police
personnel who are covered under the Arizona Public Safety Personnel Retirement
---� -�ystem: _ In a defined contribution plan, benefits depend solely on amounts contributed to
_
the plan plus .irivestment 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 employee's biweekly earnings, which includes overtime and
bonuses. The Town's contributions for each employee (and interest allocated to the
employee's account) are fully vested after five �-ears of continuous service.
_ __ __ .
Town contributions for, and interest forfeited by, employees who leave employment
befare five years of service are used to reduce the Town's current-period contribution
requirement.
The Town's total payroll in fiscal year 2001 was approximately $6,166,000. The Town's
contributions were calculated using the earnin�s amount of approximately $3,818,000.
For fisca12001, the covered employees made the required 4% contribution, amounting to
$152,737, with the Town making a smaller contribution due to the application of
forfeitures, amounting to $132,470 for a total of $285,207.
C. Postemployment Benefits
The Town offers no postemployment benefits to employees other than the previously
discussed retirement plans.
NOTE 8 - RISK MANAGEMENT
The Town is exposed to various risks of loss related to torts; theft of, damage to and
destruction of assets; errors 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. Excess coveraQe is for an additional $3,000,000 per
occurrence on a follow form, claims made basis.�
�
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,
'
'
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i
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I �
'
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L�
'
�
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_ 31 '
_
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_ __ : _ _ I
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001 -
NOTE 8 - RISK MANAGEMENT (Continued)
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 obligations. The pool has the authority to ass�ess its members
. _ additional premiums should reserves and annual premiums be insufficient to meet the
' pool's obligations. For the fiscal years ended June 30, 2001, 2000, and 1999 there were
no settlements through the pool for the Town that exceeded insurance coverage.
' Workers' compensation insurance is placed through the Arizona Municipal Workers'
_. Compensation Fund. - -_ :
' _ . : . _ . : :
NOTE 9- EXCESS OF EXPENDITURES OVER APPROPRIATIONS IN
INDIVIDUAL FUNDS
' For fiscal ear 2001 ex enditures exceeded authorized appropriations in the following
Y � P
individual special revenue funds:
1 _ -_ - : - - - -- :
'
,
,
'
'
I'
I'
�J
I'
1999 Community Development Block Grant
COPS Grant
GITEM
_ MANTIS
LTAF
$ 99,442
50,846
6,347
3,394
38,517
The excess expenditures for all of these funds were covered by grant revenues.
At June 30, 2001, there were no individual funds with a deficit fund balance.
NOTE 10 - COMMITMENTS AND CONTINGENCIES
At June 30, 2001, the Town had entered into contracts ��ith general contractors for three
capital improvement projects in Other Capital Projects Funds, a Capital Project Fund.
These projects involved the commitment of $�,408,429 with $2,85�,553 recognized as
expenditures during June 30, 2001, leaving a remaining commitment of $2,552,876 at
June 30, 2001.
The Town is continuously liable with respect to other claims incidental to the ordinary
course of its operations. At June 30, 2001, it is the opinion of Town management, based
on the ad��ice of the Town Attorney and outside counsel, that any such claims would not
have a material effect on the Town's financial position.
I ' . 32
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001
'
�
NOTE 10 - COMMITMENTS AND CONTINGENCIES (Continued) '
The Town leases office space for its development and planning, police, and magistrate
_ court_ departments_ under noncancelable; long-term operating leases: with expirations of ` '
September 2001 through September 2004. Two of these leases requires .the Town to pay
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 taxes, ,
. _. common area _ charges, and management fees:= However, - the - increased "related to
controllable common area and management 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 two-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 a# a monthly base rent
of $3,715, plus an annual adjustment of 3%. . .
_ _ _ ,_
These leases provide for payments of minimum annual rentals as follows, excludin real '
g
estate taxes, common area charges, management fees, and sales taxes:
_ — - . '
Years Ending
June 30,
2002 .
_ _ _ _ .
-_ 2003 _ _ _
2004
2005
$ 90 667 '
�
70,405 .
46,511 '
7,171
Total 2 4 4
I
Minimum annual rentals above includes the renewal option exercised subsequent to year
end but excludes annual rental under the remaining renewal options as of June 30, 2001.
Rent expense under the above leases for fisca12001 aggregated $252,121.
NOTE 11- WATER CONTRACTS
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 expense under this contract for the year ended June 30, 2001 was
$74,806 and is reflected in the Water Fund, an Enterprise Fund.
,
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'
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. 33 , I
.. _ .
_ _ . _ _ _.- _ _ _ .
_ _ _. .
I TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
_ _ _ _ - June 30, 2001 _ _ _
'
' NOTE 11- WATER CONTRACTS (Continued)
_�
The Town has a contract with the Central Arizona Project (CAP) to pay CAP the Town's
'_ _ share of costs associated with the CAP making available recharge water to the Town.
Under this agreement, the Town is charged its share of costs regardless of whether the
,` Town has accessed recharge water from CAP. The recharge expense under this contract
for the year ended June 3 0, 2001 was $106,110 and is reflected in the VJater Fund, an
_- - — Enterprise Fund. _ . . _
, .
_ NOTE 12 - SEGIVIENT bISCLOSURE - . .
`_ -
' The Towri maintains two Enterprise Funds. The Water Fund provides water service to
the Town. The Airport Authority operates the Marana Airport.
'_ _ , _ . _ _ _ : .
Key financial information as of and for the year ended June 30, 2001 for these funds are
as follows:
1 - . _: - __ . .. . - -.- = - - _
Water Airport
. . Fund th rit Total
, Operating revenues $ 678,178 $ 78,156 $ 756,328
Operating expenses e�cluding depreciation 767,948 155,974 923,922
' Depreciation 19$,658 6,486 205,144
, Net loss �(288�,434) 4 04) $ (372,738)
.
Residual equity transfers in
Fixed asset additions
Net working capital
Total assets
Total equity
I'
I'
I'
I '
� 979,474 $ - -- � 979.474
� 713,266 � - -- � 71 �,266
� 88,631 764 � 98�395
$3,745•547 �253,789 �,22,336
$3,552,056 2 7 1 �3 8�7
NOTE 13 - LEASING ARRANGEMENTS
The Airport Authority, an Enterprise Fund, leases part of the airport to local Marana
businesses under noncancelable operating leases requiring fixed and contingent rentals
based on a��iation fuel dispensed on the premises. The following is a schedule of future
minimum rentals receivable under these leases at June 30, 2001, not including renewal
. _ .
options:
I ' 34
TOWN OF MARANA, ARIZONA
NOTES TO COMBINED FINANCIAL STATEMENTS
June 30, 2001 _ _ _
'
'
NOTE 13 - LEASING ARRANGEMENTS (Continued)
t
Years Ending
_ __ _ June 30._ _ '
__ _- -_:_
2002 -- - _ _ - $ - -67,520
2003 69,041
2004 _ . _. _ _ , , 85,770 '
. 2005 _ _ _ 87,291 _
2006 ; . _ 90,820 _ .
=Thereafter ` 1:792:158 '
` Total _ _ �2,192 600
- _
NOTE 14 - SUBSEQUENT EVENTS ,
Subsequent to June 30, 2001, the Town entered a contract with a general contractor for a '
capital improvement project known as Cortaro Road Improvements in Other Capital
Projects Funds, a Capital Project Fund. This contract involved the commitment of
. .. - $6,600,000 by..the Town
. - ,
Subsequent to June 30, 2001, the Town signed a 99 year lease with the State of Arizona
for the lease of 2,400 acres of land. This requires annual rental payments of $432,000 per '
year for the first five years and a 10% increase in the annual rent payments for each
� succeeding five year period for the remainder of the lease term. A developer also signed
an agreement with the Town to reimburse the Town the annual rental payment for the '
first twenty years of this lease.
_ :
NOTE 15 - FUTURE CHANGE IN ACCOUNTING PRINCIPLES
'
In June 1999, the Governmental Accounting Standards Board issued Statement No. 34,
"Basic Financial Statements - and Management's discussion and Analysis - far State and
Local Governments." This statement establishes new financial reporting requirements for
all state and local governments. It creates new information and restructures much of the
information that is cunently presented in the financial statements. The Town of Marana
will adopt this new standard beginning with its 2003 fiscal year, the year in which
adoption is first required for the Town of Marana. Adjustments to governmental,
proprietary, and fiduciary funds resulting from the change to compl5� with this Statement
will be treated as adjustments of prior periods, and financial statements presented for the
periods affected will be restated unless restatement is not practical. The impact of
adopting this statement has not yet been determined.
These notes are an integral part of the
accompanying combined financial statements.
35
'
,
,
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C OMBINING
�
IND IVID UAL
FUND AND
AC C OUNT
GROUP
STATEMENTS
STATEMENTS A
GENERAL FUND
The General Fund accounts for all revenues and expenditures used to finance the
traditional services associated with a municipal government which are not accounted for
in other funds. In Marana, these services include general government, development and
planning services, town attorney, police, magistrate court, public works, and parks and
recreation.
�
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,
,
TOWN OF MARANA, ARIZONA
COMPARATIVE BALANCE SHEETS
GENERAL FUND — EXHIBIT A-1
June 30, 2001 and 2000
2001
ASSETS
� Cash/Pooled Investments
Investment
Receivables:
Taxes
, Other
Prepaid expenditures
Due from other funds
, TOTALASSETS
$ 17,593,554
508,502
1,021 ,245
148,881
70, 000
3,191,983
$ 22,534,165
, LIABILITIES AND FUND EQUITY
LIABILITIES
' Accounts payable and accrued liabilities $ 1,268,096
Due to other funds 950,887
Deferred revenue 169,378
� Totalliabilities 2,388,361
, FUND EDUITY
Reserved for prepaid expenditures 70,000
Unreserved fund balances 20,075,804
' Total fund equity 20,145,804
, TOTAL LIABILITIES AND FUND EGlUITY $ 22,534,165
r��•
$ 18,868,554
1,277,989
75, 936
47,000
170, 919
$ 20,440,398
$ 1,425,222
445,969
97,059
1,968,250
47, 000
18,425,148
18, 472 ,148
$ 20,440,398
�
TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN UNRESERVED
FUND BALANCE - BUDGET AND ACTUAL
GENERAL FUND - EXHIBIT A-2
Year Ended June 30, 2001
Variance -
Favorable
Actual Budget (Unfavorable)
REVENUES
Taxes
Town sales tax
Town sales tax audits
Total taxes
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
Total licenses, fees and permits
Fines, forfeitures and penalties;
Town courtfines
Interest
Misceilaneous
Other
Contingent Revenue
Lease income
Total miscellaneous
Total revenues
$12,428,895 $14,800,000 $ (2,371,105)•
184,956 - 184,956
12,613,851 14,800,000 (2,186,149)
602,511 556,000 46,511
727,135 728,425 (1,290)
267,079 200,000 67,079
1,596,725 1,484,425 112,300
1,922,904 2,300,000 (377,096)
358,009 - 358,009
55,431 65,000 (9,569)
25,379 18,000 7,379
67,350 60,000 7,350
2,429,073 2,443,000 (13,927)
359,444 350,000 9,444
1,306,134 770,000 536,134
280,819 65,000 215,819
- 2,oso,000 (2,oso,000�
- 300,000 (300,000)
280,819 2,415,000 (2,134,181)
18,586,046 22,262,425 (3,676,379)
EXPENDITURES
General government
Other general government
Contractual services
Com modities
Special programs
Other
Debt service
Total other general government
332,725 785,000 452,275
388 - (388)
71,930 61,000 (10,930)
613,976 727,817 113,841
207,671 160,570 (47,101)
1,226,690 1,734,387 507,697
37
: __ . _ :
' TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN UNRESERVED
' FUND BALANCE - BUDGET AND ACTUAL
GENERAL FUND - EXHIBIT A-2 (Continued)
Year Ended June 30, 2001
'
EXPENDITURES (continued)
, General govemment (continued)
Mayor and council
' Contractual services
Commodities
Other
' Total mayor and council
Human resources
Variance -
Favorable
Actual Budget (Unfavorable)
$ 476 $ 800 $ 324
2,221 7,000 4,779
63,047 20,900 (42,147)
65,744 28,700 (37,044)
' Personal services 115,712 117,730 _ 2,018
Contractual services 24,807 9,000 (15,807)
Commodities 3,773 - (3,773)
Special programs - 128,000 t 28,000
' Other 203,777 41,001 (162,776)
Total human resources 348,069 295,731 (52,338)
, : _ _ _ _ _ _._ _
Accounting and finance
Personal services 205,543 206,060 517
' Contractual services 35,971 40,500 4,529
Commodities 6,074 5,920 (154)
Other 11,358 15,185 3,827
, Total accounting and finance 258,946 267,665 8,719
Town Clerk
Personal services 128,922 142,530 13,608
' Contractual services 54,543 33,645 (20,898)
Commodities 9,957 12,000 2,043
Other 37,905 32,393 (5,512)
' Total Town Clerk 231,327 220,568 (10,759)
Town Manager
' Personal services 322,594 349,410 26,816
Contractual services 168,71 1 170,650 1,939
Commodities 8,909 8,500 (409)
Other 49,069 11,400 (37,669)
' Contingency = 103,947 103,947
Capital outlay 2,500 2,500
1 Total Town Manager 549,283 646,407 97,124
Total general government 2,680,059 3,193,458 513,399
'
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38
'
TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN UNRESERVED
FUND BALANCE - BUDGET AND ACTUAL
GENERAL FUND - EXHIBIT A-2 (Continued)
Year Ended June 30, 2001
Variance -
Favorable
Actual Budget (Unfavorable)
EXPENDITURES (continued)
Development and planning services �
Building services
Personal services $ 541,936 $ 597,940 $ 56,004
Contractual services_ 5,869 14,400 8,531
Commodities _ 10,015 12,000 1,985
Other 22,007 19,656 (2,351)
Total building services 579,827 643,996 64,169
Planning and zoning
Personal services 251,981 248,760 (3,221)
Contractual services 46,822 53,000 6,178
Commodities 7,571 13,000 5,429
Oth er 20, 461 21, 352 891
Total planning and zoning 326,835 336,112 9,277
Development services administration
Personal services 406,440 433,420 26,980
Contractual services 165,242 193,400 28,158
Commodities 249,780 150,280 (99,500)
Special programs 39,524 - (39,524)
Other 16,926 48,642 31,716
Capital outiay 858,252 960,500 102,248
Total development services
administration 1,736,164 1,786,242 50,078
Total development and planning
services 2,642,826 2,766,350 123,524
Town attorney
Tax
Water
Prosecution
Annexation
General services
Condemnations and acquisitions
Total town attorney
Police
Personal services
Contractual services
Commodities
Other
Total police
81,465 6,000 (75,465)
15,997 46,000 30,003
112,543 109,200 (3,343)
3,509 8,000 4,491
114,162 160,800 46,638
34,430 20,000 (14,430)
362,106 350,000 (12,106)
2,949,580 2,939,094 (10,486)
160,750 85,300 (75,450)
34,554 104,500 69,946
57,278 57,071 (207)
3,202,162 3,185,965 (16,197)
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' TOWN OF MARANA, ARIZONA
,
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STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN UNRESERVED
FUND BALANCE - BUDGET AND ACTUAL
GENERAL FUND - EXHIBIT A-2 (Continued)
Year Ended June 30, 2001
Variance -
Favorable
Actual Budget (Unfavorable)
EXPENDITURES (continued)
, Magistrate court _ ____ _ _ _ .
Personal services $ 224,213 $ 245,445 $ 21,232 •
Contractual services 47,279 68,950 21,671
, Commodities 19,980 15,000 (4,980)
Other 12,610 15,203 2,593
_ _ _ . _ _ _ _.
Total magistrate court 304,082 344,598 40,516
, Public works
Personal services 1,062,094 1,136,744 74,650
' Contractual services - 1,597,657 1,136,194 = (461,463)
Commodities 128,712 103,200 (25,512)
Other 59,358 60,945 1,587
Capital outlay 23,660 52,100 28,440
' Total public works 2,871,481 2,489,183 (382,298)
' Parks and recreation
Personal services 607,072 601,425 (5,647)
Contractual services 180,273 180,380 107
Commodities 121,720 124,800 3,080
' Other 73,658 33,731 (39,927)
Capital outlay 42,000 42,000
Total parks and recreation 982,723 982,336 (387)
' Total expenditures 13,045,439 13,311 ,890 266,451
' OTHER FINANCIAL USES
Transfers to other funds 3,866,951 8,950,535 5,083,584
Total expenditures and other
' financial uses 16,912,390 22,262,425 5,350,035
Excess of revenues over expend-
itures and other financial uses 1,673,656 $ - $ 1,673,656
' OTHER CHANGES IN FUND EQUITY
increase in reservefor prepaid expenditures (23,000)
' UNRESERVED FUND BALANCE,
BEGINNING 18,425,148
' UNRESERVED FUND BALANCE,
ENDING $ 20,075,804
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STATEMENTS B
SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for revenues derived from specific taYes 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, and LLEBG 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 Fill The Gap - Courts Funds. These funds are non-federal funds
required by Arizona Statutes to be used for police, public works, or magistrate court
expenditures.
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' TOWN OF MARANA, ARIZONA
1999 COMMUNITY DEVELOPMENT BLOCK GRANT — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
' FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-3
Year Ended June 30, 2001
' Variance —
Favorabie
' Actual Budget (Unfavorable)
REVENUES �
' Other agencies
Block grants — Pima County $ 178,862 $ 79,420 $ 99,442
' Total revenues 178,862 79,420 99,442
EXPENDITURES .
' :
Current operations _
General government 17,052 15,000 (2,052)
j' Community development 161,810 64,420 (97,390)
Total expenditures 178,862 79,420 (99,442)
' . . _ _ _ _ _ _
Excess of revenues over expenditures — — —
, FUND BALANCE, BEGINNING — — —
FUND BALANCE, ENDING $ — $ — $ —
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TOWN OF MARANA, ARIZONA
HOME PROGRAM — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-4
Year Ended June 30, 2001
Variance —
Favorable
Actual Budget (Unfavorable)
REVENUES •
Other agencies
Block grants — Pima County $ 29,154 $ 300,000 $ (270,846)
Misceilaneous
Sales proceeds 100,286 — 100,286
Total revenues 129,440 300,000 (170,560)
OTHER FINANCIAL SOURCES
Transfers from other funds 102,425 — 102,425
Total revenues and other financial
sources 231,865 300,000 (68,135)
- -- -- EXPENDITURES
Current operations
Community development 220,166 300,000 79,834
Total expenditures 220,166 300,000 79,834
Excess of revenues over expenditures 11,699 — 11,699
FUND BALANCE, BEGINNING 62,613 — 62,613
FUND BALANCE, ENDING $ 74,312 $ — $ 74,312
47
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' TOWN OF MARANA, ARIZONA
COPS GRANT — SPECIAL REVENUE FUND
' STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-5
Year Ended June 30, 2001
' Variance —
Favorable
' _ - _ Actual . _ Budget (Unfavorable)
REVENUES '
' Other agencies
Public safety - U.S. Dept of Justice $ 170,846 $ 120,000 $ 50,846
Total revenues 170,846 ' 120,000 50,846
' _ _ _ - :
EXPENDITURES
Current operations
' -
Police 170,846 120,000 (50,846)
Total expenditures 170,846 120,000 (50,846)
'
Excess of revenues
' over expenditures _ _
FUND BALANCE, BEGINNING — — —
, FUND BALANCE, ENDING $ — $ — $ —
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TOWN OF MARANA, ARIZONA
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, 2001
Variance —
Favorable
Actual Budget (Unfavorable)
REVENUES �
Other agencies
- - Public justice — Arizona $ — $ 15,000 $ . (15,000)
Total revenues — 15,000 (15,000)
EXPENDITURES
Current operations
Magistrate court — 15,000 15,000
Total expenditures — 15,000 15,000
Excess of expenditures over revenues — — 0
FUND BALAN�E, BEGINNING 23,714 -- 23,714
FUND BALANCE, ENDING $ 23,714 $ — $ 23,714
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, TOWN OF MARANA, ARIZONA
RICO — SPECIAL REVENUE FUND
' STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B 7
Year Ended June 30, 2001
' Variance —
Favorable
' Actual Budget (Unfavorable)
REVENUES �
' Other agencies
RICO funds — Pima County $ 20,856 $ 25,000 $ (4,144)
_ _
- Interest 1,343 — 1,343
!_ Total revenues . _ . 22,199 25,000 (2,801)
_- _ EXPENDITURES - _ _ _ .
� '- : _
Current operations
Police 17,796 25,000 7,204
' . _ . ..
Total expenditures 17,796 25,000 7,204
� Excess of expenditures over revenues 4,403 — 4,403
FUND BALANCE, BEGINNING 20,537 — 20,537
' FUND BALANCE, ENDING $ 24,940 $ — $ 24,940
_ . _
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TOWN OF MARANA, ARIZONA
GITEM — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-8
Year Ended June 30, 2001
Variance —
Favorable
Actual Budget (Unfavorable)
- _ _
REVENUES �
Other agencies
Public safety — Arizona $ 166,347 $ 160,000 $ 6,347
Total revenues 166,347 160,000 6,347
EXPENDITURES
- -- . _
Current operations -. -- . ._ -
Police 166,347 160,000 (6,347)
_ __
- Total expenditures 166,347 160,000 (6,347)
Excess of revenues
over expenditures — — —
_ __ __
FUND BALANCE, BEGINNING — — —
FUND BALANCE, ENDING $ — $ — $ —
51
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' TOWN OF MARANA, ARIZONA
HIDTA — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
, FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-9
Year Ended June 30, 2001
, Variance —
Favorable
, Actual Budget (Unfavorable)
REVENUES �
' Other agencies
Public safety — Tucson $ 43,757 $ 54,000 $ (10,243)
Total revenues 43,757 54,000 (10,243)
' ` . _. . _ _ :
EXPENDITURES
- - _ _ _ ;_
� Current operations . -
Police _ 43,757 54,000 10,243
Total expenditures 43,757 54,000 10,243
'
Excess of revenues
, _ over expenditures —
FUND BALANCE, BEGINNING — — —
�' FUND BALANCE, ENDING $ — $ — $ —
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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, 2001
Variance — '
Favorable
Actual Budget (Unfavorable) '
REVENUES �
Other agencies '
_ Pubiic safety — Tucson $ 56,394 $ 53,000 $ 3,394
Total revenues 56,394 53,000 3,394 '
EXPENDITURES
-_ - _ _ . - -- .
Current operations �
Police 56,394 53,000 . (3,394)
Total expenditures 56,394 53,000 (3,394)
_ _ '
Excess of revenues
over expenditures — — — -
_ _ '
FUND BALANCE, BEGINNING — — —
FUND BALANCE, ENDING $ — $ — $ — '
_ : _. _ . '
_ ,
'
r
�
��
_ �
��
�
53
,
__ ___ . _
' TOWN OF MARANA, ARIZONA
AUTO THEFT - SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
' FUND BALANCE - BUDGET AND ACTUAL
EXHIBIT B-11
Year Ended June 30, 2001
, Variance -
Favorable
, Actual Budget (Unfavorabie)
REVENUES �
' Other agencies
- Public safety - Arizona $ 38,300 $ 53,000 $ (14,700)
Total revenues 38,300 53,000 (14,700)
' , .. -
EXPENDITURES
� Current operations . _
Police 38,300 53,000 14,700
_
, Total expenditures 38,300 53,000 14,700
Excess of revenues
, over expenditures . _ - -
FUND BALANCE, BEGINNING - - -
, FUND BALANCE, ENDING $ - $ - $ -
__ _ . _
- _ _ _ _ _
_ __ _ _ __
_. . _ _
' _
'
'
'
'
'
'
'
54
I '
I
III�
TOWN OF MARANA, ARIZONA
HIGHWAY USER REVENUE — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT B-12
Year Ended June 30, 2001
'
�
Variance — '
Favorable
_ Actual Budget (Unfavorable)
: _ _ _ '
REVENUES •
Other agencies ,
_ Highway user fees — Arizona $ 517,356 $ 537,695 $ (20,339)
_ __ _ _ . _ .
Totai revenues 517,356 537,695 (20,339)
, , , _ _ '
EXPENDITURES
_ _ _ _ _ _
Current operations . -
Public works — 537,695 537,695 '
_ _ . _ _
Total expenditures — 537,695 537,695
OTHER FINANCIAL SOURCES '
Transfers to other fund __ 517,356 — (517,356)
_ --_ _ , - - - _ '
Total expenditures and other
financial uses 517,356 537,695 20,339
Excess of revenues over expenditures '
and other financial souces — — —
, FUND BALANCE, BEGINNING — — — '
FUND BALANCE, ENDING $ — $ — $ —
,
55
'
'
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'
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`_ �
,
_ _. .
_
I I,' TOWN OF MARANA, ARIZONA
LTAF — SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL
' EXHIBIT B-13
Year Ended June 30, 2001
' Variance —
Favorable
_ . Actual Budget (Unfavorable)
' : _ _ : -
REVENUES �
' Other agencies
LTAF funds — Arizona $ 73,019 $ 73,125 $ (106)
LTAF — Pima Assoa _ _ _ _ _ _ _ : _
of Governments . 38,623 — 38,623
, __ < -_
Total revenues 111,642 73,125 38,517
EXPENDITURES -
' __ .
Current operations _ _
' Public works — 73,125 73,125
Total expenditures — 73,125 73,125
' OTHER FINANCIAL SOURCES -
Transfers to other fund 111,642 — (111,642)
' Total expenditures and other
financial uses 111,642 73,125 (38,517)
' Excess of revenues over expenditures _ _ _
and other financial souces
' FUND BALANCE, BEGINNING = _ _
FUND BALANCE, ENDING $ $ $
'
'
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, I�
' I !
'
56
'
TOWN OF MARANA, ARIZONA
LLEBG - SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCE - BUDGET AND ACTUAL
EXHIBIT B-14
Year Ended June 30, 2001
Variance -
Favorable
Actual Budget (Unfavorable)
REVENUES .
Other agencies
Public safety - U.S. Dept of Justice _ $ 23,644 $ 25,000 $ (1,356)
___ T t � ___. __ , 25 000 1 356
'
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'
_ '
o a revenues 23,644 , ( , ) ,
OTHER FINANCIAL SOURCES
Transfers from other funds ` � 958 - 958
,
Total revenues and other
financial sources 24,602 25,000 (398)
'
EXPENDITURES
: - . . - -- - _: _ _ _ '
Current operations
Police 26,287 25,000 (1,287)
Total expenditures 26,287 25,000 (1,287) '
- _ _ ._ _
Excess (deficiency) of revenues '
and other financial sources
over (under) expenditures (1,685) - (1,685)
FUND BALANCE, BEGINNING 1,685 - 1,685 ,,
FUND BALANCE, ENDING $ - $ - $ -
'
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57
' I
• STATEMENTS C
DEBT SERVICE FUNDS
Debt Service Funds are created to account for the accumulation of resources for, and the
payment of, general-long term debt principal and interest.
2000 General Oblig�tion Debt Service Fund - this fund accounts for the accumulation of
resources and payment of principal and interest on the series 2000 revenue bonds. The
Town has pledged Town sales t� revenue, state shared revenues, licenses, fees and
permits revenue, and fines, forfeitures and penalties revenue to make the required
payments for this series.
1997 General Obligation Debt Service Fund - this fund accounts for the accumulation of
resources and payment of principal and interest on the series 1997 revenue bonds. The
Town has pledged Town sales tax revenue, state shared revenues, licenses, fees and
permits revenue, and fines, forfeitures and penalties revenue to make the required
payments for this series.
TOWN OF MARANA, ARIZONA
COMBINING BALANCE SHEET
DEBT SERVICE FUNDS — EXHIBIT C-1
June 30, 2001
ASSETS
Restricted assets:
Cash/Investments
TOTALASSETS
LIABILITIES AND FUND EQUITY
FUND EQUITY
Reserved fund balances
Reserved for debt service
Total fund equity
TOTAL LIABILITIES AND FUND EQUITY
2000 1997
General General •
Obligation Obligation
Totals
$ 638,059 $ 395,120 $ 1,033,179
$ 638,059 $ 395,120 $ 1,033,179
$ 638,059 $ 395,120 $ 1,033,179
638,059 395,120 1,033,179
$ 638,059 $ 395,120 $ 1,033,179
58
TOWN OF MARANA, ARIZONA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
DEBT SERVICE FUNDS — EXHIBIT C-2
Year Ended June 30, 2001
REVENUES
Interest
Total revenues
OTHER FINANCIAL SOURCES
Tranfers from other funds
Total other financial sources
Total revenues and other financial
sources
EXPENDITURES
Debt service
Principal retirement
I nterest
Fiscal agent fees
Total expenditures
Excess of revenues and other financial
sources over expenditures
FUND BALANCES, BEGINNING
FUND BALANCES, ENDING
2000 1997
General General
Obligation Obligation Totals
$ 618 $ 382. $ 1,000
618 382 1,000
1,260,740 786,263 2,047,003
1,260,740 786,263 2,047,003
1,261,358 786,645 2,048,003
750,000 435,000 1,185,000
458,099 353,450 811,549
1,500 2,000 3,500
1,209,599 790,450 2,000,049
51,759 (3,805) 47,954
586,300 398,925 985,225
$ 638,059 $ 395,120 $ 1,033,179
59
' TOWN
2000 GENERAL O
STATEMENT OF REVEN
' FUND BALA
Year
'
1
REVENUES
' Interest
Total revenues
, OTHER FINANCIAL SOURCES
Tranfers from other funds
, Totai other financial sources
Total revenues and other financial
' sources
EXPENDITURES
' Debt service
Principal retirement
Interest
Fiscal agent fees
' Total expenditures
' Excess of revenues and other financial
sources over expenditures
FUND BALANCES, BEGINNING
, FUND BALANCES, ENDING
'
'
'
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'
OF MARANA, ARIZONA
BLIGATION — DEBT SERVICE FUND
UES, EXPENDITURES, AND CHANGES IN
NCE — BUDGET AND ACTUAL
EXHIBIT C-3
Ended June 30, 2001
Variance—
Favorable
Actual Budget (Unfavorable)
$ 618 $ — $ 618
618 — 618
1,260,740 1,263,350 (2,610)
1,260,740 1,263,350 (2,610)
1,261,358 1,263,350 (1,992)
_ _ __ - __
750,000 750,000 —
458,099 458,099 —
1,500 55,251 53,751
1,209,599 1,263,350 53,751
51,759 — 51,759
586,300 — 586,300
$ 638,059 $ — $ 638,059
.�
TOWN OF MARANA, ARIZONA '
1997 GENERAL OBLIGATION — DEBT SERVICE FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL '
EXHIBIT C-4
Year Ended June 30, 2001
Variance— '
Favorable
- Actual Budget (Unfavorable) '
REVENUES
Interest $ 382 $ — $ 382 '
Totalrevenues 382 — 382
OTHER FINANCIAL SOURCES '
Tranfers from other funds 786,263 786,143 120
Total other financial sources 786,263 786,143 120
_ _ '
Total revenues and other financial
sources 786,645 786,143 502
- -_ __ , _ __ . _ 1
EXPENDITURES
Debt service
Principal retirement 435,000 435,000 — '
Interest 353,450 351,143 (2,307)
Fiscal agent fees 2,000 — (2,000)
I � Total expenditures 790,450 786,143 (4,307) '
Excess (deficiency) of revenues and other financial
sources over (under) expenditures (3,805) — (3,805) '
FUND BALANCES, BEGINNING 398,925 — 398,925
FUND BALANCES, ENDING $ 395,120 $ — $ 395,120 '
,
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'
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STATEMENTS D
CAPITAL PROJECTS FUNDS
, °
Capital Projects Funds are created to account for the purchase or construction of major
' capital facilities which are not financed by the general, enterprise, or special revenue
funds.
' 2000 General Obligation Ca�ital Pro�ect Fund - this fiznd accounts for the proceeds from
the sale of the 2000 general obligation bonds which are used for authorized capital
improvements.
' 1997 General Obligation Ca itan 1 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 accounts for the purchase or construction of major
, capital facilities which are not funded by general obligation bonds.
'
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TOWN OF MARANA, ARIZONA
COMBINING BALANCE SHEET
CAPITAL PROJECTS FUNDS — EXHIBIT D-1
June 30, 2001
�SETS
Due from other funds
Deposit for equipment
Receivables:
Other
Restricted assets:
Cash/Pooled Investments
Investments
1TAL ASSETS
�BILITIES AND FUND EQUITY
�BILITIES
Accounts payable
Due to other funds
Deferred revenue
Total liabilities
' FUND EQUITY
Unreserved fund balances
Designated for subsequent years' expenditures
' Total fund equity
' TOTAL LIABILITIES AND FUND EQUITY
'
'
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'
I'
Other
2000 1997 Capital
General General , Project
Obligation Obligation Funds Totals
$ — $ — $ 771,786 $ 771,786
121,000 — — 121,000
— — 193,366 193,366
10,393,420 — — 10,393,420
14,236 1,265,701 — 1,279,937
$ 10,528,656 $ 1,265,701 $ 965,152 $12,759,509
$ 11,2gg $ — $ 596,726 $ 608,014
3,021,918 19,836 — 3,041,754
— — 260,016 260,016
3,033,206 19,836 856,742 3,909,784
7,495,450 1,245,865 108,410 8,849,725
7,495,450 1,245,865 108,410 8,849,725
$ 10,528,656 $ 1,265,701 $ 965,152 $12,759,509
C•�
TOWN OF MARANA, ARIZONA
COMBINING STATEMENT OF RE,/ENUES, EXPENDITURES, AND CHANGES IN FUND BAIANCES
CAPITAL PROJECTS FUNDS - EXHIBIT D-2
Year Ended June 30, 2001
REVENUES
Other agencies
Public works - Pima Assoc. of Governments
Airport - State of Arizona
Public works - State of Arizona
Licenses, fees and permits
I m pact fees
Interest
Total revenues
OTHER FINANCIAL SOURCES
Tranfers from other funds
Total revenues and other financial
sources
EXPENDITURES
Capital improvement projects
Hartrnan Lane Improvements
Tangerine Road Project
Levee Development Drain Study
Handicap Ramp Replacement
Park Maintenance Building
Orange Grove Drainage Outlet
Holiday Banner and Light Project
Santa Cruz River Study
Fire Protection/Suppression System
Pavement Rehabilitation/Runway Preservation
Aerial Photography
Cortaro Road Improvements
Transportation Plan Update
Silverbell Road Improvements
Emigh Road
Traffic Signal Back-up
Traffic Signal Controller Upgrade
Stre2t Lighting
Twin Peaks Interchange Scoping
Continental Neighborhood Park
Web Page Design
Work at Home Stations
Perimeter/Security Fence
Alternative Fuel Vehicle Fueling Depot
Municipal Complex
Total expenditures
F�ccess (deficiency) of revenues and other financial
sources over (under) expenditures
FUND BALANCES, BEGINNING
Residual squity transfers out
FUND BALANCES, ENDING
2000 1997
General General
Obligation Obligation
Other
Capital
Project
Funds Totals
$ - $
610,131 102,483
610,131 102,483
$ 2,055,588 $ 2,055,588
193,366 193,366
28,750 28,750
108,355 108,355
54 712,668
2,386,113 3,098,727
2,339,923 2,339,923
610,131 102,483 4,726,036 5,438,650
2,995,118
2,995,1 18
598,897 598,897
17,771 17,771
35,280 35,280
7,903 7,903
430 430
196 196
68,786 68,786
43,897 43,897
234,445 234,445
4,670 4,670
65,400 65,400
2,687,352 2,687,352
196,983 196,983
191,118 191,118
80,731 80,731
35,000 35,000
105,921 105,921
10,566 10,566
4,641 4,641
58,391 58,391
41,152 41,152
51,438 51,438
30,493 30,493
40,565 40,565
5,600 3,000,718
4,617,626 7,612,744
(2,384,987) 102,483 108,410 (2,174,094)
9,880,437 2,122,856 - 12,003,293
- (979,474) - (979,474)
$ 7,495,450 $ 1,245,865 $ 108,410 $ 8,849,725
63
_ __ _ _ _ _ _
, TOWN OF MARANA, ARIZONA
2000 GENERAL OBLIGATION — CAPITAL PROJECT FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
, FUND BALANCE — BUDGET AND ACTUAL
EXHIBIT D-3
Year Ended June 30, 2001
'
Variance—
' _ _ Favorable
Actual Budget (Unfavorable)
REVENUES
' Interest $ 610,131 $ — $ 610,131
Total revenues 610,131 — 610,131
, OTHER FINANCIAL SOURCES
Bond proceeds — 5,000,000 (5,000,000)
- : .
Total revenues and other financial
' sources 610,131 5,000,000 (4,389,869)
' EXPENDITURES
Capital improvement projects
Twin Peaks Interchange Scoping — 1,275,000 1,275,000
' Continental Ranch Water Storage _
and Booster Plant ' 5,000,000 5,000,000
Municipal Complex 2,995,118 725,000 (2,270,118)
' Total expenditures 2,995,118 7,000,000 4,004,882
Excess (deficiency) of revenues and other financial
, sources over (under) expenditures (2,384,987) (2,000,000) (384,987)
FUND BALANCES, BEGINNING 9,880,437 2,000,000 7,880,437
' FUND BALANCES, ENDING $ 7,495,450 $ — $ 7,495,450
'
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64
, '
TOWN OF MARANA, ARIZONA '
1997 GENERAL OBLIGATION — CAPITAL PROJECT FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
FUND BALANCE — BUDGET AND ACTUAL '
EXHIBIT D-4
Year Ended June 30, 2001
'
Variance—
Favorable '
Actual Budget (Unfavorable)
REVENUES
Interest $ 102,483 $ — $ 102,483 '
Total revenues 102,483 — 102,483
_ '
EXPENDITURES
i, Capital improvement projects _ _
' Water System Improvements/Acquistion — 900,000 900,000 ,
Total expenditures — 900,000 900,000
Excess (deficiency) of revenues - - - - - '
over (under) expenditures 102,483 (900,000) 1,002,483
FUND BALANCES, BEGINNING 2,122,856 900,000 1,222,856
'
Residual equity transfers out (979,474) — (979,474)
_ FUND BALANCES, ENDING $ 1,245,865 $ — $ 1,245,865 '
'
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65
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___ ___- : _ _ _ _ _.
' TOWN OF MARANA, ARIZONA
OTHER CAPITAL PROJECT FUNDS - CAPITAL PROJECT FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN
, FUND BALANCE - BUDGET AND ACTUAL
EXHIBIT D-5
Year Ended June 30, 2001
,
' REVENUES
Other agencies
Public works - Pima Assoc. of Governments $ 2,055,588
Airport - State of Arizona 193,366
Public Works - State of Arizona 28,750
Licenses, fees and permits - -
Impact fees 108,355
I nterest 54
Total revenues 2,386,113
OTHER FINANCIAL SOURCES
Tranfers from otfie�_funds ` 2,339;923
Total revenues and other financial
sources 4,726,036
EXPENDJTURES _
__ _
Capital improvement projects
Hartman Lane Improvements 598,897
- Tangerine Road Project_ __ _ _ 17,771
Levee Development Drain Study 35,280
Handicap Ramp Replacement 7,903
Park Maintenance Building 430
Orange Grove Drainage Outlet 196
Holiday Banner and Light Project 68,786
Santa Cruz River Study 43,897
Fire Protection/Suppression System 234,445
Pavement Rehabilitation/Runway Preservation 4,670
Aerial Photography 65,400
Cortaro Road Improvements 2,687,352
Transportation Plan Update 196,983
Silverbell Road Improvements 191,118
Emigh Road 80,731
Traffic Signal Back-up 35,000
Traffic Signal Controller Update 105,921
Street Lighting 10,566
Twin Peaks Interchange Scoping 4,641
Continental Neighborhood Park 58,391
Web Page Design 41,152
Work at Home Stations 51,438
Perimeter/Security Fence 30,493
Alternative Fuel Vehicle Fueling Depot 40,565
Municipal Complex 5,600
Other Projects not started -
Total expenditures 4,617,626
Excess (deficiency) of revenues and other financial
sources over (under) expenditures 108,410
FUND BALANCES, BEGINNING -
Variance-
Favorable
Actual Budget (Unfavorable)
$ 5,200,000 $ (3,144,412)
2,695,780 (2,502,414)
- 28,750
375,000 - (266,645)
- 54
8,270,780 (5,884,667)
6,796,495 (4,456,572)
15,067,275 (10,341,239)
451,500
200,000
40,000
40,000
75, 000
50, 000
100,000
60, 000
1,941,775
100,000
120,000
5,500,000
200, 000
4,200,000
250,000
30, 000
120,000
80, 000
3,750,000
60,000
72, 000
375,000
22,000
3,230,000
21,067,275
(147,397)
182,229
4,720
32,097
74, 570
49,804
31, 214
16,103
1, 707, 330
95,330
54,600
2,812,648
3,017
4, 008, 882
169,269
(5, 000)
14,079
69,434
(4, 641)
3,691,609
18, 848
20, 562
344,507
(18,565)
(5,600)
3,230,000
16,449,649
(6,000,000) 6,108,410
s,000,000 (s,000,000�
' FUND BALANCES, ENDING
' __
$ 108,410 $ - $ 108,410
..
STATEMENTS E
ENTERPRISE FUNDS
Enterprise Funds are 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. Expenses, including depreciation, of providing goods or services
to the general public are recovered primarily through 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.
Air�ort Authoritv - established to account for the financing and operation of the Marana
Airport.
'
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TOWN OF MARANA, ARIZONA
COMBINING BALANCE SHEET
ENTERPRISE FUNDS - EXHIBIT E-1
June 30, 2001
Water Airport
Fun Authority
ASSETS
CURRENT ASSETS
Receivables:
Other
Due from other funds
Total current assets
PROPERTY, PLANT, AND EQUIPMENT
Land
Water rights
Improvements, including wells and tanks
Machinery, equipment, and other assets
Organization costs -
Total
Less accumulated depreciation and
amortization
Total property, plant, and equipment
TOTAL ASSETS
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities:
Accounts payable
Deposits
Accrued payroll
Other
Total
Current portion of note payable
Total current liabilities
LONG-TERM LIABILITIES
Note payable, less current maturities above
Total long-term liabilities
Total liabilities
FUND EQUITY
Contributed capital
Deficit
Total fund equity
TOTAL LIABILITIES AND FUND EQUIN
68
Totals
$ 61,018 $ 16,104 $ 77,122
168,304 9,518 177,822
229,322 25,622 254,944
14,720 207,090 221,810
433,696 - 433,696
3, 574,173 - 3, 574,173
80,702 17,078 97,780
39,388 15,349 54,737
4,142,679 239,517 4,382,196
626,454 11,350 637,804
3,516,225 228,167 3,744,392
$ 3,745,547 $ 253,789 $ 3,999,336
$ 55,383 $ 13,818 $ 69,201
61,662 - 61,662
7,516 2,040 9,556
7,330 - 7,330
131,891 15,858 147,749
8,800 - 8,800
140, 691 15, 858 156, 549
52,800 - 52,800
52,800 - 52,800
193,491 15,858 209,349
4,622,170 408,019 5,030,189
(1,070,114) (170,088) (1,240,202)
3,552,056 237,931 3,789,987
$ 3,745,547 $ 253,789 $ 3,999,336
�
TOWN OF MARANA, ARIZONA
COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
FUND EQUITY - ENTERPRISE FUNDS - EXHIBIT E-2
Year Ended June 30, 2001
Water Airport
Fund Authority Totals
OPERATING REVENUES
Current use charges
Other
Total operating revenues
OPERATING EXPENSES
Material, supplies, and other expenses:
Personal services
Contractual services
Commodities
Other
Depreciation expense
Total operating
expenses
NET LOSS
DEFICIT, BEGINNING
DEFICIT, ENDING
CONTRIBUTED CAPITAL, BEGINNING
Residual equity transfers in
CONTRIBUTED CAPITAL, ENDING
FUND EQUITY, ENDING
$ 616,448 $ 60,507 $ 676,955
61,724 17,649 79,373
678,172 78,156 756,328
231,292 63,119 294,411
345,040 42,463 387,503
151,410 8,075 159,485
40,206 42,317 82,523
198,658 6,486 205,144
966,606 162,460 1,129,066
(288,434) (84,304) (372,738)
(781,680) (85,784) (867,464)
(1,070,114) (170,088) (1,240,202)
3,642,696
979,474
4,622,170
$ 3,552,056
408,019 4,050,715
- 979,474
408,019 5,030,189
$ 237,931 $ 3,789,987
.•
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_
_ __ __
I
TOWN OF MARANA, ARIZONA
COMBINING STATEMENT OF CASH FLOWS
ENTERPRISE FUNDS — EXHIBIT E-3
Year Ended June 30, 2001
CASH FLOWS FROM OPERATING ACTIVITIES
, Loss from operations
Adjustments to reconcile loss from operations to net
cash used by operating activities:
' Depreciation
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable
Decrease in accounts payable
, and accrued expenses
Net cash used by operating activities
, CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
' Decrease in due from other funds
Decrease in due to other funds
Net cash provided (used) by
' noncapital financing activities
CASH FLOWS FROM CAPITAL AND RELATED
, FINANCING ACTIVITIES
Residual equity transfers from capital project funds
Principal paid on note payable
' Purchase of fixed assets
Net cash provided by capital and
, related financing activities
NET INCREASE IN CASH
' CASH, BEGINNING OF YEAR
CASH, END OF YEAR
'
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70
Water Airport
Fund Authority Totals
$ (288,434) $ (84,304) $ (372,738)
198,658 6,486 205,144
7,552 (2,076) 5,476
(151,347) (15,595) (166,942)
(233,571) (95,489) (329,060)
3,127 95,489
(26,964) —
98,616
{26,964)
(23,837) 95,489
979,474
�s,soo�
(713,266)
257,408
71,652
979,474
(s,soo)
(713,266)
257,408
$ — $ — � —
TOWN OF MARANA, ARIZONA
COMPARATIVE BALANCE SHEETS
WATER FUND — EXHIBIT E-4
June 30, 2001 and 2000
2001
ASSETS
CURRENT ASSETS
Receivables:
Other $ 61,018
Due from other funds 168,304
Total current assets 229,322
PROPERTY, PLANT, AND EQUIPMENT
_ Land _ _ _ 14,720
Water rights 433,696
Improvements, including wells and tanks 3,574,173
Machinery, equipment, and other assets 80,702
�, Organization costs 39,388
Total 4,142,679
Less accumulated depreciation and
am ortizatio n 626,454
Total property, plant, and equipment 3,516,225
TOTAL ASSETS $ 3,745,547
LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities:
Accounts payable $ 55,383
Deposits 61,662
Accrued payroll 7,516
Other 7,330
Total 131, 891
Due to other funds —
Current portion of note payable 8,800
Total current liabilities 140,691
LONG—TERM LIABILITIES
Note payable, less current maturities above 52,800
Total long—term liabilities 52,800
Total liabilities 193,491
FUND EQUITY
Contributed capital 4,622,170
Deficit (1,070,114)
Total fund equity 3,552,056
TOTAL LIABILITIES AND FUND EQUITY $ 3,745,547
2000
$ 68, 570
171,431
240, 001
14,720
386,288
2,913,513
75, 504
39, 388
3,429,413
427,796
3, 001, 617
$ 3,241,618
$ 215,724
54, 408
6, 818
6,288
283,238
26, 964
8, 800
319,002
61,600
61, 600
380,602
3,642,696
(781, 680)
2,861,016
$ 3,241,618
71
� _. ,._ . _ _ .
' TOWN OF MARANA, ARIZONA
COMPARATIVE BALANCE SHEETS
, AIRPORT AUTHORITY — EXHIBIT E-5
June 30, 2001 and 2000
2001
I � ASSETS
CURRENT ASSETS
' Receivables:
' . Other
Due from other funds
Total current assets
I, '
PROPERTI(, PLANT, AND EQUIPMENT
__ _ _ _
Land
' Machinery, equipment, and other assets
Organization costs
- _ __ , Total - ,:_ :
' Less accumulated depreciation and
amortization
Total properry, plant, and equipment
,_ _ - - _ _ _ -- _
TOTAL ASSETS
' LIABILITIES AND FUND EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities:
' Accounts payable
Accrued payroll
Total current liabilities
' FUND EQUITY
Contributed capital
, Deficit
Total fund equity
TOTAL LIABILITIES AND FUND EQUITY
'
'
'
'
�
'
72
'
$ 16,104
9, 518
25, 622
2000
$ 14,028
105,007
119,035
207,090 207,090
17,078 17,078
15, 349 15, 349
239, 517 239, 517 _
11, 350 4, 864
228,167 234,653
$ 253,789 $ 353,688
$ 13,818
2,040
15, 858
408,019
(170,088)
237,931
$ 253,789
$ 31,453
31,453
408, 019
(85, 784)
322,235
$ 353,688
TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
FUND EQUfTY - BUDGET AND ACTUAL
WATER FUND - EXHIBIT E-6
Year Ended June 30, 2001
Variance -
Favorable
Actual Budget (Unfavorable)
OPERATING REVENUES
Current use charges $ 616,448 $ 655,000 $ (38,552)
Other 61,724 - �61,724
Total operating revenues 678,172 655,000 23,172
OPERATING EXPENSES
Material, supplies, and other expenses:
Personal services . 231,292 __ 251,240 : 19,948 _
Contractual services 345,040 342,014 (3,026)
Commodities 151,410 12,361 (139,049)
- - Other 40,206 57,992 17,786
Depreciation expense 198,658 - (198,658)
Total operating expenses 966,606 663,607 (302,999)
NONOPERATING EXPENSES
Capital outlay - 5,000 5,000
_ Total nonoperating expenses - 5,000 5,000
Total expenses 966,606 668,607 (297,999)
NET INCOME (LOSS) (288,434) (13,607) (274,827)
DEFICIT, BEGINNING
DEFICIT, ENDING
CONTRIBUTED CAPITAL, BEGINNING
Residual equity transfers in
CONTRIBUTED CAPITAL, ENDING
FUND EQUITY, ENDING
(781,680) - (781,680)
(1,070,114) (13,607) (1,056,507)
3,642,696 - 3,642,696
979,474 13,607 965,867
4,622,170 13,607 4,608,563
$ 3,552,056 $ - $ 3,552,056
73
r � : , _ .
, TOWN OF MARANA, ARIZONA
( ,
STATEMENT OF REVENUES, EXPENSES AND CHANGES IN
FUND EQUITY - BUDGET AND ACTUAL
AIRPORT AUTHORITY - EXHIBIT E-7
Year Ended June 30, 2001
� Variance -
Favorable
Actual Budget (Unfavorable)
' OPERATING REVENUES
Current use charges $ 60,507 $ 82,250 $ (21,743)
Other agencies 17,649 - 17,649
' Total operating revenues 78,156 82,250 (4,094)
OPERATING EXPENSES
, . .
Material, supplies, and other expenses:
Personal services 63,119 61,590 (1,529)
' Contractual services ` 42,463 41,600 ' (863)
Commodities 8,075 6,150 (1,925)
Other 42,317 38,850 (3,467)
' Depreciation expense 6,486 - (6,486)
_ _ __ _
Total operating expenses 162,460 148,190 (14,270)
' NONOPERATING EXPENSES
Capital outlay - 25,000 25,000
' Total nonoperating expenses - 25,000 25,000
, Total expenses 162,460 173,190 10,730
NET INCOME (LOSS) (84,304) (90,940) 6,636
DEFICIT, BEGINNING (85,784) - (85,784)
DEFICIT, ENDING (170,088) (90,940) (79,148)
CONTRIBUTED CAPITAL, BEGINNWG 408,019 - 408,019
Residual equity transfers in - 90,940 (90,940)
CONTRIBUTED CAPITAL, ENDING 408,019 90,940 317,079
FUND EQUITY, ENDING $ 237,931 $ - $ 237,931
74
,
'
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_ _ . _ _ '
_ _._ - ,
. _ _
_ _ '
_ _ _ -,
- _ ,
_ _ _ _ ._
_ _ _ _
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75
� ,
STATEMENTS F
GENERAL FIXED ASSETS ACCOUNT GROUP
The General Fixed Assets Account Group is comprised of those fixed assets of a
governmental jurisdiction which are not accounted for in the Enterprise Funds.
Infrastructure assets, which include roads, bridges, streets, and street lighting systems are
not included in these schedules.
TOWN OF MARANA, ARIZONA
COMPARATIVE SCHEDULE OF GENERAL FIXED ASSETS BY SOURCE
EXHIBIT F-1
June 30, 2001 and 2000
2001 2000
GENERAL FIXED ASSETS
Land
Buildings
Assets under capital lease
Machinery, equipment, and other assets
Marana Park
Leasehold improvements
TOTAL GENERAL FIXED ASSETS
$ 2,279,821
2,609,147
3,939,342
1,111,614
464,157
$10,404,081
$ 540,386
1,160,114
221, 522
3,177,088
1,111,614
464,157
$ 6,674,881
INVESTMENT IN GENERAL FIXED ASSETS BY SOURCE
From Current Revenues $ 6,037,953
From Revenue Bonds 3,839,258
From Federal Grants 526,870
TOTALINVESTMENTIN GENERAL
FIXED ASSETS $10,404,081
$ 5,289,677
938,340
446, 864
$ 6,674,881
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' TOWN OF MARANA, ARIZONA
SCHEDULE OF CHANGES IN GENERAL FIXED ASSETS — BY FUNCTION AND ACTIVITY
' EXHIBIT F-3
Year Ended June 30, 2001
' General Fixed Additions Deletions General Fixed
Assets and and Assets
Function and Activity July 1, 2000 Transfers Transfers June 30, 2001
, General government $ 912,491 $ $ (17,681) $ 894,810
Development and planning �
services 453,160 (37,621) 415,539
, Police 1,692,304 (31,250) 1,661,054
Magistrate court 159,796 — (5,490) 154,306
, Publicworks 1,296,365 23,660 (46,967) 1,273,058
' Community development 869,643 179,559 (134,746) 914,456
Development services
administration — 3,799,736 — 3,799,736
' Parks and recreation 1,291,122 — — 1,291,122
TOTAL GENERAL FIXED ASSETS $ 6,674,881 $ 4,002,955 $ (273,755) $ 10,404,081
, _ . _ _
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' TOWN OF MARANA, ARIZONA
TABLE III
ASSESSED AND ESTIMATED VALUE OF TAXABLE PROPERTY
� LAST TEN FISCAL YEARS
{Unaudited)
�
, Assessed
Fiscal Property
Year Value
' 1991 -92 $ 21,302,281
1992 - 93 20,105,438
1993 -94 21,360,473
' 1994-95 46,427,724
1995 - 96 49, 677 , 845
1996 -97 59,454,386
' 1997-98 72,242,105
1998 -99 81,390, 365
1999 -00 98,250, 095
2000 -01 310,432,295
, _
Estimated
Property
Value
$ 164,744,983
156,300,829
160,582,056
297, 740, 632
325,467,683
363,689,243
485, 315, 813
560,419,914
693,931,626
2,761,526,707
Ratio of
Total Assessed
Value to Total
Estimated
Value
13%
13%
13%
16%
15%
16%
15%
15%
14%
11 %
' _. -__ _ _ = - -, _- _ _ _
,_ Note: Includes real property oniy
, Source: Pima County Assessor's Office of Pima County, Arizona
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' TOWN OF MARANA, ARIZONA
TABLE V
' COMPUTATION OF LEGAL DEBT MARGIN
GENERAL OBLIGATION BONDS
June 30, 2001
(Unaudited)
,
Net Assessed Valuation $ 310,432,295
� 20%
Bonds (1)
, Debt Limit $ 62,086,459
. _
� 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 $ 62,086,459
'
6% �
Bonds (2) Total
$ 18,625,938 $ 80,712,397
$ 18,625,938 $ 80,712,397
Notes:
' (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
'.
'
,
'
84
'
_ _ _ _
TOWN OF MARANA, ARIZONA
TABLE VI
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
June 30, 2001
(Unaudited)
- ._ _
Percentage � Amount
Net Applicable Applicable
Bonded Debt to to
- - Jurisdiction Outstanding Town of Marana Town of Marana
'' Town of Marana, Arizona $ 16,330,000 100.0000% $ 16,330,000
Pima County 192,625,000 7.1176% 13,710,218
Marana School District 58,830,000 27.0100% - = 15,889,983
Flowing Wells School District 16,470,000 7.6923% 1,266,923
__ _ Total $ 284,255,000 $ 47,197,124
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 Town of Marana, Arizona based upon assessed
property values and square mileage of intersected territory.
Sources: Town of Marana, Arizona and Pima County Assessor's Oftice of Pima County, Arizona
85
' TOWN OF MARANA, ARIZONA
TABLE VII
, LEASE REVENUE BOND COVERAGE
LAST TEN FISCAL YEARS
(Unaudited)
'
, _ : _ _ _
Fiscal Excise �
Year Revenues Principal Interest Total Coverage
, 1991 —92 $ 939,598 $ — $ 22,858 $ 22,858 41.11
1992-93 1,148,229 — - 49,402 49,402 23.24 .
' 1993-94 3,902,424 — 47,361 47,361 82.40
1994-95 6,447,896 - 5,000 47,061 52,061 123.85
1995-96 7,516,097 15,000 45,993 60,993 123.23
1996-97 9,461,127 15,000 44,903 59,903 157.94
_ 1997-98 - 10,995,24� 560,000 —. 560,000 . 19.63
1998-99 14,963,819 245,000 479,362 724,362 20.66
1999-00 17,267,065 415,000 370,250 785,250 21.99
' 2000-01 16,999,093 1,185,000 811,549 1,996,549 8.51
-_ _ _ _ _
' - __ _. _ __ _ _ _ _ . _ _ _ _
' . 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
'
,
,
'
86
,
._ . t
TOWN OF MARANA '
TABLE VIII
DEMOGRAPHICS
June 30, 2001 '
(Unaudited)
Population by Age Group '
Percentage
Age Group Number of Total
Under 5 1,170 8.60% '
5-14 1,985 14J0%
15-19 740 5.50% �
20-34 3,026 22.20%
35-44 2,351 17.30% '
_ _ 45-54 _ 1,650 12.20% - - -
_ 55-64 1,340 9.90%
: 65 and over 1,294 9.60% t
Total 13,556 100.00%
_ _ _ _ _. _
Population by Ethnic Background . '
Percentage _
Background group Number of Total
White - 9,718 71.69% '
Hispanic 2,663 19.64%
Biack 392 2.89%
Native American _ _ _ 286 2.11 % . _ '
Other 497 3.07%
Totai 13,556 100.00%
-_ _ _ _ _ _ _ _ __ ,
Population by Jurisdiction:
Town of Pima State of '
Years Marana County Arizona
2000 Census 13,556 843,746 5,130,632
1998 Estimate 9,965 823,900 4,764,025
1995 Special Census 5,309 758,050 4,228,900
,
1990 Census 2 187 80 3 665 305
, 666,8 , ,
1980 Census 1,674 531,443 2,718,425
N t :P
'
o e opulation figures are based on 2000 Census of Population and Housing
issued May 2001.
Source: U.S. Census Bureau �
'
'
'
'
87
_ ,
_
' TOWN OF MARANA
TABLE IX
' PROPERTY VALUE AND CONSTRUCTION
LAST TEN FISCAL YEARS
(Unaudited)
�
- - _ _ - - -- _.._ —_. _ _
Estimated Residential Construction Commercial Construction
Fiscal Property Number of Number of
� Year Value Units Value Units Value
1991-92 $ 164,744,983 18 $ 1,788,250 10 $ 1,713,967
. : 1992-93 _- 156,300,829 112 9,417,569 1 20,000
_ _
_ 1993-94 ,160,582,056 447 40,709,699 5 . 189,244
'_, 1994-95 297,740,632 320 28,018,383 . 41 5,742,572
1995-96 325,467,983 329 34,083,387 40 1,842,171
1996-97 363,689,243 435 68,352,903 36 4,284,366
' ,189�-98_ 485315,813 - 713 - - -77,801,401 40 6,675,409
1998-99 � 560,419,914 1,003 - 108,490,481 37 15,730,402
- 1999-00 693,931,626 786 93,628,161 22 9,471,305
2000-01 2,761,526,707 690 85,603,244 32 7,548,471
' _ _ _ _ _ __ _ ___ _ _ -- _ -- _ __
' __ - - - _ __ _ _
_ _ _
, Source: Town of Marana
. __
' _
'
'
'
'
'
,
,
88
1 _
TOWN OF MARANA ,
TABLE X
TOP TEN TAXPAYERS-SELECTED INDUSTRIAL GROUPS
June 30, 2001 '
(Unaudited)
�
Retail Restaurants Construction
Costco - Cracker Barrei Del Webb Homes
K- Mart McDonald's Pulte Homes .'
Home Depot Taco Bell U S Homes
Target Wendy's Richmond American Homes
Driver's Mart Lil Abner's KE&G Homes �
Sam tevifz Furniture . Hooters D R Horton Construction
- Fry's Food and Drug - Eegee's __ Lloyd Construction
: Petsmart . Denny's Ashton Construction '
Tucson Cycle and Ski Timber Lodge AZ Underground
Payless/Cashways Domino's - G R Walton Construction
_ - _ .
. _ _. __ _ __ - '
_
� _ _
__
. _ _
_ _ _
_ - _ _ _ , _
_ _ . _ _ '
Source: Town of Marana
�' __ _ _ _ , _ _ _ _ _ _ '
Note: Since the Town does not levy rroperty taxes, the tor ten sales tax�ayers are based on Town sales
tax collections.
, __ _ _ _ _ ,
_ '
�
,
,
'
'
'
'
89
_ '
__ _ _ -
' _
TOWN OF MARANA
' TABLE X
TOP TEN TAXPAYERS
SELECTEDINDUSTRY GROUPS
' June 30, 2001
(Unaudited)
,--_ _. _: _ _ _ _ __ _. _ _ __ . _ .
Retail Restaurant & Bars Construction
Costco Cracker Barrel Del Webb Homes
' K-Mart McDonald's Pulte Homes
Home Depot Taco Bell U S Homes
Target . Wendy's . Richmond American Homes
Driver's Mart LiFAbner's KE&G Homes
' Sam Levitz Furniture Hooters _ D R Horton Construction
Fry's Food and Drug Eegee's Lloyd Construction
Petsmart Denny's Ashton Construction -
': Tucsorr-Cycle and Ski Timber Lodge AZ Underground
Payless Cashways_ Domino's Pizza G R Walton Construction
_ _ _ _
_ _ _ _ _ _ _
_ _ _ ,
'_ . _ _
' - _ _ :_ _ . _
Source: Town of Marana
' Note: Since the Town does not levy property taxes, the top ten sales taxpayers are based on Town sales
_ ax co ections. _
_
'
'
'
'
,
t
'
1
89
'
__ . .
- TOWN OF MARANA
. TABLE XI '
MISCELLANEOUS STATISTICAL DATA
June 30, 2001 '
(Unaudited)
,
Date of incorporation: March 21, 1977
Form of govemment: 7 member Council/Manager
- _ '
Town Employees
Full-Time 163 '
Part-Time_. _ _ : 12 _ . - - - _
. __ Totai 175 . _ _
. : ' Police Protection
Number of Stations- 2
-_ _ -
Totai Fuii-Time Employees : _ ` 67 ,
Commissioned Employees 50
_ _
_ _ _ __ _ - - _
Parks and Recreation '
Acres _ 40
Parks _ . 1
Piaygrounds 1
_ _SwimmingPools _ _ . 1 : _ ._ - - __ ,
Water Utility _ .
Operable Wells 16 ,
Active Services: _ _ .
Metered 1,246
Unmetered 58 ,
Water Distributed (Gallons) 168,738,189
_ '
Source: Town of Marana '
'
,
'
'
�
90
'