HomeMy WebLinkAboutAnnual Expenditure Limitation Report June 30, 2014ANNUAL EXPENDITURE LIMITATION REPORT
Year Ended June 30, 2014
TOWN OF MARANA, ARIZONA
EXPENDITURE LIMITATION REPORT
TABLE OF CONTENTS
ContentsPage
Independent Accountants' Report1
Annual Expenditure Limitation Report - Part I3
Annual Expenditure Limitation Report - Part II4
Annual Expenditure Limitation Report - Reconciliation6
Note to the Annual Expenditure Limitation Report8
INDEPENDENT ACCOUNTANTS’ REPORT
The Auditor General of the State of Arizona and
The Honorable Mayor and Town Council
of the Town of Marana, Arizona
We have examined the accompanying Annual Expenditure Limitation Report of Town of Marana,
Arizona for the year ended June 30, 2014. This report is the responsibility of the Town’s
management. Our responsibility is to express an opinion on this report based on our examination.
Our examination was conducted in accordance with attestation standards established by the
American Institute of Certified Public Accountants and, accordingly, included examining, on a test
basis, evidence supporting the amounts and disclosures in the report and performing such other
procedures as we considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion.
In our opinion, the Annual Expenditure Limitation Report of Town of Marana, Arizona, referred to
above, presents, in all material respects, the information prescribed by the uniform expenditure
reporting system as described in Note 1.
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TOWN OF MARANA, ARIZONA
ANNUAL EXPENDITURE LIMITATION REPORT-PART I
YEAR ENDED JUNE 30, 2014
1. Economic Estimates Commission expenditure limitation 14,962,305$
2. Voter-approved alternative expenditure limitation82,882,224
(Approved June 18, 2013) See Note 1
3. Enter applicable amount from Line 1 or Line 2 82,882,224$
4. Amount subject to the expenditure limitation (total
amount from Part II, Line C)58,211,434
5. Amount under the expenditure limitation24,670,790$
Iherebycertify,tothebestofmyknowledgeandbelief,thattheinformationcontainedinthis
report is accurate and in accordance with the requirements of the uniform expenditure reporting
Signature of Chief Fiscal Officer:
)VMO1SRXEKYI*MRERGI(MVIGXSV
Name and Title:
Telephone Number:Date:
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TOWN OF MARANA, ARIZONA
ANNUAL EXPENDITURE LIMITATION REPORT-PART II
YEAR ENDED JUNE 30, 2014
Governmental
DescriptionFunds
A.Amounts reported on the Reconciliation, Line D52,232,201$
B. Less exclusions claimed:
1.Bond proceeds
Debt service requirements on bonded indebtedness -
Proceeds from other long-term obligations -
Debt service requirements on other long-term -
2.Dividends, interest, and gains on the sale or
redemption of investment securities -
3.Trustee or custodian -
4.Grants and aid from the federal government -
5.Grants, aid, contributions, or gifts from a private
agency, organization, or individual, except amounts
received in lieu of taxes -
6.Amounts received from the State of Arizona -
7.Quasi-external interfund transactions -
8.Amounts accumulated for the purchase of land, and
the purchase or construction of buildings or
improvements -
9.Highway user revenues in excess of those received in
fiscal year 1979-80 -
10Contracts with other political subdivisions -
11Refunds, reimbursements, and other recoveries -
12Voter-approved exclusions not identified above (attach
resolution) -
13Prior years carryforward -
14Total exclusions claimed -
C.Amounts subject to the expenditure limitation$52,232,201
4
EnterpriseInternal Service Fiduciary
FundsFundsFunds Total
$ 5,979,233$ -$ -$58,211,434
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
$ 5,979,233$ -$ -$58,211,434
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TOWN OF MARANA, ARIZONA
ANNUAL EXPENDITURE LIMITATION REPORT-RECONCILIATION
YEAR ENDED JUNE 30, 2014
Governmental
DescriptionFunds
Total expenditures/expenses/deductions and applicable
other financing uses, special items, and extraordinary
A.items reported within the fund financial statements $52,232,201
B. Deductions:
1.Items not requiring use of working capital:
Depreciation -
Loss on disposal of capital assets -
Bad debt expense -
2.Expenditures of separate legal entities established
under Arizona Revised Statutes -
3.Present value of net minimum capital lease and
installment purchase contract payments recorded
as expenditures at inception of the agreements -
4.Involuntary court judgments -
5.Total subtractions -
C. Additions:
1.Principal payments on long-term debt -
2.Acquisition of capital assets -
3.Claims paid in the current year but reported as expenses
incurred but not reported in previous years -
4.Landfill closure and postclosure care costs paid in the
current year but reported as expenses in previous
years -
5.Total additions -
D.Amounts reported on Part II, Line A$52,232,201
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EnterpriseInternal Service Fiduciary
FundsFundsFunds Total
$ -9,197,716$ -$ 61,429,917$
-3,917,441 - 3,917,441
-1,217,540 - 1,217,540
-- - -
-- -
-- - -
-- - -
-5,134,981 - 5,134,981
-222,296 - 222,296
-1,694,202 - 1,694,202
-- - -
-- - -
-1,916,498 - 1,916,498
$ -5,979,233$ -$ 58,211,434$
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TOWN OF MARANA, ARIZONA
ANNUAL EXPENDITURE LIMITATION REPORT
Year Ended June 30, 2014
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The Annual Expenditure Limitation Report (AELR) is presented on the basis of accounting
prescribed by the Uniform Expenditure Reporting System (UERS), as required by Arizona Revised
Statutes Section 41-1279.07, and in accordance with the voter-approved alternative expenditure
limitation plan adopted on May 21, 2013 as authorized by the Arizona Constitution, Article IX,
Section 20(9). This plan provides for the Town to allow the Mayor and Council to adopt an annual
expenditure limitation each year, which for fiscal year 2013-2014 equaled the budget of
$82,882,224. This budget was adopted formally on June 18, 2013.
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