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HomeMy WebLinkAboutAnnual Expenditure Limitation Report June 30, 2009 ANNUAL EXPENDITURE LMITATION REPORT YEAR ENDED JUNE 30, 2009 TOWN OF MARANA, ARIZONA ABLE OF CONTENTS T ContentsPae g Independent Auditors' Report1 Annual Expenditure Limitation Report - Part I2 Annual Expenditure Limitation Report - Part II3 Annual Expenditure Limitation Report - Reconciliation4 Note to the Annual Expenditure Limitation Report5 Independent Auditors’ Report The Auditor General of the State of Arizona and The Honorable Mayor and City Council of the Town of Marana, Arizona We have audited the financial statements of Town of Marana, Arizona as of and for the year ended June 30, 2009, and have issued our separate report thereon dated January 27, 2010. We have also audited the accompanying Annual Expenditure Limitation Report of Town of Marana, Arizona for the year ended June 30, 2009. This report is the responsibility of the City’s management. Our responsibility is to express an opinion on this report based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the report is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the report. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall report presentation. We believe that our audit provides a reasonable basis for our opinion. The accompanying Annual Expenditure Limitation Report was prepared for the purpose of complying with the uniform expenditure reporting system as discussed in Note 1, and is not intended to be a presentation in conformity with accounting principles generally accepted in the United States of America. In our opinion, the Annual Expenditure Limitation Report of Town of Marana, Arizona, for the year ended June 30, 2009, referred to above, presents fairly, in all material respects, the information required by the uniform expenditure reporting system on the basis of accounting described in Note 1. This report is intended solely for the information and use of the members of the Arizona State Legislature and for filing with the Auditor General of the State of Arizona and is not intended to be and should not be used by anyone other than these specified parties. Casa Grande, Arizona January 27, 2010 ZZZKHQU\DQGKRUQHFRP OWN OF MARANA, ARIZONA T ANNUAL EXPENDITURE LIMITATION REPORT-PART I YEAR ENDED JUNE 30, 2009 1. Economic Estimates Commission expenditure limitation 11,969,783$ 2. Voter-approved alternative expenditure limitation211,500,515 (Approved June 17, 2008) See Note 1 3. Enter applicable amount from Line 1 or Line 2 211,500,515$ 4. Amount subject to the expenditure limitation (total amount from Part II, Line C)83,441,670 5. Amount under the expenditure limitation128,058,845$ Iherebycertify,tothebestofmyknowledgeandbelief,thattheinformationcontainedinthis report is accurate and in accordance with the requirements of the uniform expenditure reporting Sinature of Chief Fiscal Officer: g Name and Title:Erik Montaue, Finance Director g elephone Number:(520) 382-1900Date:June 30, 2009 T 2 OWN OF MARANA, ARIZONA T ANNUAL EXPENDITURE LIMITATION REPORT YEAR ENDED JUNE 30, 2009 Note 1 - Summary of Significant Accounting Policies TheAnnualExpenditureLimitationReport(AELR)ispresentedonthebasisofaccounting prescribedbytheUniformExpenditureReportingSystem(UERS),asrequiredbyArizona RevisedStatutesSection41-1279.07,andinaccordancewiththevoter-approvedalternative expenditurelimitationplanadoptedonMay17,2005asauthorizedbytheArizonaConstitution, ArticleIX,Section20(9).ThisplanprovidesfortheTowntoallowtheMayorandCouncilto adoptanannualexpenditurelimitationeachyear,whichforfiscalyear2008-2009equaledthe budget of $211,500,515. This budget was adopted formally on June 17, 2008. 5