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HomeMy WebLinkAbout2015 Financial Statement June 30TOWN OF MARANA, ARIZONA COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2015 This page intentionally left blank TOWN OF MARANA, ARIZONA TABLE OF CONTENTS INTRODUCTORY SECTIONPage FINANCIAL SECTION TOWN OF MARANA, ARIZONA TABLE OF CONTENTS(Cont’d) FINANCIAL SECTION(Cont’d)Page TOWN OF MARANA, ARIZONA TABLE OF CONTENTS(Cont’d) FINANCIAL SECTION(Concl’d)Page STATISTICAL SECTION TOWN OF MARANA, ARIZONA TABLE OF CONTENTS(Cont’d) STATISTICAL SECTION(Cont’d) TOWN OF MARANA, ARIZONA TABLE OF CONTENTS(Concl’d) STATISTICAL SECTION(Concl’d) INTRODUCTORY SECTION This page intentionally left blank Profile of the Town Economic Condition and Outlook Current Condition Future Economic Outlook Accomplishments and Initiatives Expenditure Limitation Single Audit Certificate of Achievement Acknowledgements TOWN OF MARANA, ARIZONA PRINCIPAL OFFICIALS OF THE TOWN OF MARANA FISCAL YEAR 2015 MAYOR AND COUNCIL MANAGEMENT STAFF DEPARTMENT HEADS INDEPENDENT AUDITORS' REPORT The Honorable Mayor and Council Town of Marana, Arizona Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Town of Marana, Arizona, as of and for the year ended June 30, 2015, and the related notes to the financial statements, which collectively comprise the Town’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express opinions on these 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 from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 8IQTI7GSXXWHEPI'EWE+VERHI );EVRIV6SEH)'SGLMWI6SEH)'SXXSR[SSH0ERI 7YMXI7YMXI7YMXI 8IQTI%>7GSXXWHEPI%>'EWE+VERHI%>       *E\  *E\  *E\   [[[LIRV]ERHLSVRIGSQ Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Town of Marana, Arizona, as of June 30, 2015, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter - Change in Accounting Principle As discussed in Note 1 to the financial statements, the Governmental Accounting Standards Board (GASB) issued Statement No. 68, Accounting and Financial Reporting for Pensions, as amended by GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date that could have a material impact on the financial statements. For the Town of Marana, GASB Statements No. 68 and No. 71 have impacted the presentation of the financial statements by establishing standards for measuring and recognizing net pension liabilities, deferred outflows of resources, deferred inflows of resources, and expenses related to pension benefits provided through defined benefit pension plans. In addition, Statement No. 68 requires disclosure of information related to pension benefits. The implementation of GASB Statements 68 and 71 resulted in the restatement of beginning net position for governmental activities, business-type activities and the related enterprise funds net position. Our opinion is not modified with respect to these matters. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and required supplementary information as listed in the table of contents be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Town of Marana, Arizona’s basic financial statements. The introductory section, combining and individual fund financial statements and schedules, and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual fund financial statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements are fairly stated in all material respects in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on them. Compliance Over the Use of Highway User Revenue Fund and Other Dedicated State Transportation Revenue Monies In connection with our audit, nothing came to our attention that caused us to believe that the Town of Marana, Arizona failed to use highway user revenue fund monies received by the Town pursuant to Arizona Revised Statutes Title 28, Chapter 18, Article 2, and any other dedicated state transportation revenues received by the Town of Marana solely for the authorized transportation purposes, insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the Town of Marana’s noncompliance with the use of highway user revenue fund monies and other dedicated state transportation revenues, insofar as they relate to accounting matters. The communication related to compliance over the use of highway user revenue fund and other dedicated state transportation revenue monies in the preceding paragraph is intended solely for the information and use of the members of the Arizona State Legislature, the Board of Supervisors, management, and other responsible parties with the Town and is not intended to be and should not be used by anyone other than these specified parties. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 11, 2015, 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 grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Town of Marana, Arizona’s, internal control over financial reporting and compliance. Casa Grande, Arizona December 11, 2015 This page intentionally left blank MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) (Required Supplementary Information) TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 FINANCIAL HIGHLIGHTS TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 OVERVIEW OF FINANCIAL STATEMENTS Government-wide financial statements. TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 Fund financial statements. Governmental funds. TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 Proprietary funds. Notes to the financial statements. Required supplementary information other than MD&A. GOVERNMENT-WIDE FINANCIAL ANALYSIS Net position. TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 Total assets, net Total deferred outflows of resources Total liabilities Total deferred inflows of resources Net position: Total net position TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 Changes in net position. TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 Governmental Activities. TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 Governmental Activities Total Business-Type Activities Total TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 Business-type Activities TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 FINANCIAL ANALYSIS OF THETOWN’S FUNDS Governmental Funds. TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 Proprietary funds. BUDGETARY HIGHLIGHTS CAPITAL ASSETS AND DEBT ADMINISTRATION Capital Assets TOWN OF MARANA, ARIZONA MANAGEMENT’SDISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2015 Total Debt Administration. ECONOMIC FACTORS ANDNEXT YEAR’S BUDGET AND RATES CONTACTING THE TOWN’S FINANCIAL MANAGEMENT BASIC FINANCIAL STATEMENTS This page intentionally left blank GOVERNMENT-WIDE FINANCIAL STATEMENTS This page intentionally left blank TOWN OF MARANA, ARIZONA STATEMENT OF NET POSITION JUNE 30, 2015 ASSETS Total assets DEFERRED OUTFLOWS OF RESOURCES Total deferred outflows of resources LIABILITIES Total liabilities DEFERRED INFLOWS OF RESOURCES Total deferred inflows of resources NET POSITION Total net position The notes to the financial statements are an integral part of this statement. TOWN OF MARANA, ARIZONA STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2015 Functions/Programs Primary Government Total primary government General revenues: Total general revenues and transfers Changes in net position Net position, beginning of year, as restated Net position, end of year The notes to the financial statements are an integral part of this statement. This page intentionally left blank FUND FINANCIAL STATEMENTS TOWN OF MARANA, ARIZONA BALANCE SHEET - GOVERNMENTAL FUNDS JUNE 30, 2015 ASSETS Total assets LIABILITIES Total liabilities DEFERRED INFLOWS OF RESOURCES Total deferred inflows of resources FUND BALANCES (DEFICITS) Total fund balances (deficits) Total liabilities, deferred inflow of resources, and fund balances (deficits) The notes to the financial statements are an integral part of this statement. This page intentionally left blank TOWN OF MARANA, ARIZONA RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION YEAR ENDED JUNE 30, 2015 Total governmental fund balances$64,498,975 Internal Service Funds are used by management to charge the costs of Service Fund are included in governmental activities in the Statement of Net Position. Net position of governmental activities$ 222,431,275 The notes to the financial statements are an integral part of this statement. TOWN OF MARANA, ARIZONA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Changes in fund balances Fund balances (deficits), beginning of year Fund balances (deficits), end of year The notes to the financial statements are an integral part of this statement. This page intentionally left blank TOWN OF MARANA, ARIZONA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2015 Net changes in fund balances - total governmental funds$501,109 Town pension contributions are reported as expenditures in the governmental funds when made. However, they are reported as deferred outflows of resources in the Statement of Net Position because the reported net pension liability is measured a year before the Town's report date. Pension expense, which is the change in the net pension liability adjusted for changes in deferred outflows and inflows of resources related to pensions, is reported in the Statement of Activities. Town pension contributions Pension expense Internal service funds are used by the Town to charge the costs of health and dental services. The net revenue (expense) is reported with governmental activities in the Statement of Activities. Change in net position in governmental activities$2,528,842 The notes to the financial statements are an integral part of this statement. TOWN OF MARANA, ARIZONA STATEMENT OF NET POSITION PROPRIETARY FUNDS JUNE 30, 2015 ASSETS Total assets DEFERRED OUTFLOWS OF RESOURCES Total deferred outflows of resources LIABILITIES Total liabilities DEFERRED INFLOWS OF RESOURCES Total deferred inflows of resources NET POSITION Total net position The notes to the financial statements are an integral part of this statement. TOWN OF MARANA, ARIZONA STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS YEAR ENDED JUNE 30, 2015 Operating revenues: Total operating revenues Operating expenses: Total operating expenses Operating gain (loss) Nonoperating revenues (expenses): Total nonoperating revenues (expenses) Net gain (loss) before contributions, special items, and transfers Development fees Capital contributions Transfers in Changes in net position Net position, beginning of year restated Net position, end of year The notes to the financial statements are an integral part of this statement. TOWN OF MARANA, ARIZONA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2015 Cash flows from operating activities: Cash flows from non-capital activities: Cash flows from capital activities and related financing activities: Cash flows from investing activities: Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year Reconciliation of operating income (loss) to net cash provided by (used for) operating activities: Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities: Noncash investing, capital and financing activities: The notes to the financial statements are an integral part of this statement. TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A.Reporting Entity TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont’d) B.Basis of Presentation Government-wide Financial Statements TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont’d) Fund Financial Statements C.Measurement Focus and Basis of Accounting TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont’d) D.Cash and Cash Equivalents TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIES (Cont’d) E.Investments F.Pensions G.Restricted Assets H.Prepaid Items TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont’d) I.Receivables and Payables J.Interfund Activity K.Capital Assets TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont’d) L.Long-term Obligations M.Compensated Absences N.Transactions Between Funds TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont’d) O.Use of Estimates P.Seized Property Q.Deferred Outflows/Inflows of Resources R.Flow Assumption TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Cont’d) NOTE 2 – CHANGE IN ACCOUNTING PRINCIPLE AND CORRECTION OF AN ERROR NOTE 3 – FUND BALANCE CLASSIFICATIONS TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 3 – FUND BALANCE CLASSIFICATIONS, (Cont’d) Fund Balances: Nonspendable: Restricted: Unassigned: TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 4 - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY Individual Deficit Fund Balance NOTE 5 - BUDGETARY CONTROL Excess Expenditures Over Budget TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 5 - BUDGETARY CONTROL (Cont’d) NOTE 6 - CASH AND INVESTMENTS TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 6 - CASH AND INVESTMENTS (Cont’d) Investment Type TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 7 - CAPITAL ASSETS TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 7 – CAPITAL ASSETS (Cont’d) Business-type Activities NOTE 8 – LONG-TERM DEBT A.NotesPayable TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 8 – LONG-TERM DEBT (Cont’d) B.Community Facilities District (CFD) General Obligation Bonds TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 8 – LONG-TERM DEBT (Cont’d) C.Tangerine Farms Road Improvement District Improvement Bonds TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 8 – LONG-TERM DEBT (Cont’d) D.RevenueBonds TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 8 – LONG-TERM DEBT (Cont’d) GovernmentalActivities Business-type Activities E.Pledged Revenues TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 8 – LONG-TERM DEBT (Cont’d) F.Changes in Long-term Debt Governmental activities: Total Business-type activities: Total NOTE 9 – DEFERRED AMOUNTS TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 10 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS Due to/from other funds: Interfund transfers: NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) A. Public Safety Personnel Retirement Systemand Corrections Officer Retirement Plan TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) Survivor Benefit  TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENTSYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) B. Arizona State Retirement System TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) C. Elected Officials’ Retirement Plan TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 11 - EMPLOYEE RETIREMENT SYSTEMS(Cont’d) TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 12 - RISK MANAGEMENT NOTE 13 - COMMITMENTS AND CONTINGENCIES Significant Contractual Commitments NOTE 14 - LEASING ARRANGEMENTS Land – State of Arizona TOWN OF MARANA, ARIZONA NOTES TO FINANCIAL STATEMENTS JUNE 30, 2015 NOTE 14 - LEASING ARRANGEMENTS (Cont’d) This page intentionally left blank SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL (REQUIRED SUPPLEMENTARY INFORMATION) TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Changes in fund balances Fund balances, beginning of year-- Fund balances, end of year See accompanying notes to this schedule. TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - HIGHWAY USER REVENUE FUND YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balances, beginning of year-- Fund balances, end of year TOWN OF MARANA, ARIZONA REQUIRED SUPPLEMENTARY INFORMATION NOTE TOBUDGETARY COMPARISON SCHEDULES JUNE 30, 2015 NOTE 1 - BUDGETARY BASIS OF ACCOUNTING TOWN OF MARANA, ARIZONA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF THE TOWN’S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY COST-SHARING PENSION PLANS JUNE 30, 2015 TOWN OF MARANA, ARIZONA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES INTHE TOWN’S NET PENSION LIABILITY (ASSET) AND RELATED RATIOS AGENT PENSION PLANS JUNE 30, 2015 TOWN OF MARANA, ARIZONA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES INTHE TOWN’S NET PENSION LIABILITY (ASSET) AND RELATED RATIOS AGENT PENSION PLANS JUNE 30, 2015 TOWN OF MARANA, ARIZONA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE TOWN PENSION CONTRIBUTIONS JUNE 30, 2015 TOWN OF MARANA, ARIZONA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE TOWN PENSION CONTRIBUTIONS JUNE 30, 2015 TOWN OF MARANA, ARIZONA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE TOWN PENSION CONTRIBUTIONS JUNE 30, 2015 TOWN OF MARANA, ARIZONA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF AGENT OPEB PLANS’ FUNDING PROGRESS JUNE 30, 2015 TOWN OF MARANA, ARIZONA REQUIRED SUPPLEMENTARY INFORMATION NOTES TO SCHEDULE OF AGENT OPEB PLANS’ FUNDING PROGRESS JUNE 30, 2015 COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES This page intentionally left blank OTHER MAJOR GOVERNMENTAL FUNDS SCHEDULES OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL This page intentionally left blank TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - TANGERINE FARMS IMPROVEMENT DISTRICT DEBT SERVICE YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balances, beginning of year -- Fund balances, end of year This page intentionally left blank NON-MAJOR GOVERNMENTAL FUNDS TOWN OF MARANA, ARIZONA COMBINING BALANCE SHEET - ALL NON-MAJOR GOVERNMENTAL FUNDS - BY FUND TYPE JUNE 30, 2015 ASSETS Total assets LIABILITIES Total liabilities DEFERRED INFLOWS OF RESOURCES Total deferred inflows of resources FUND BALANCES (DEFICITS) Total fund balances Total liabilities, deferred inflows of resources, and fund balances TOWN OF MARANA, ARIZONA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - ALL NON-MAJOR GOVERNMENTAL FUNDS - BY FUND TYPE YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances, beginning of year Fund balances, end of year This page intentionally left blank NON-MAJOR SPECIAL REVENUE FUNDS Community Development Grant Fund (CDBG) – Affordable Housing Fund – Bed Tax Fund – Judicial Collection Enhancement Fund – Fill-the-Gap Fund – Local Transportation Assistance Fund – Local Technology Fund – Other Special Revenue Fund – TOWN OF MARANA, ARIZONA COMBINING BALANCE SHEET - NON-MAJOR SPECIAL REVENUE FUNDS JUNE 30, 2015 ASSETS Total assets LIABILITIES Total liabilities DEFERRED INFLOWS OF RESOURCES Total deferred inflows of resources FUND BALANCES (DEFICITS) Total fund balances Total liabilities, deferred inflows of resources, and fund balances TOWN OF MARANA, ARIZONA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - NON-MAJOR SPECIAL REVENUE FUNDS YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), beginning of year Fund balances (deficits), end of year TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR SPECIAL REVENUE FUNDS COMMUNITY DEVELOPMENT BLOCK GRANT FUND YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balance, July 1, 2014 Fund balance, June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR SPECIAL REVENUE FUNDS AFFORDABLE HOUSING REVOLVING FUND YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balance (deficits), July 1, 2014 Fund balance (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR SPECIAL REVENUE FUNDS BED TAX FUND YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balance (deficits), July 1, 2014 Fund balance (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR SPECIAL REVENUE FUNDS JUDICIAL COLLECTION ENHANCEMENT FUND YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balance (deficits), July 1, 2014 Fund balance (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR SPECIAL REVENUE FUNDS FILL-THE-GAP FUND YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balance (deficits), July 1, 2014 Fund balance (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR SPECIAL REVENUE FUNDS LOCAL TRANSPORTATION ASSISTANCE FUND YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources: Total other financing sources Change in fund balance Fund balance (deficits), July 1, 2014 Fund balance (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR SPECIAL REVENUE FUNDS LOCAL TECHNOLOGY YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Change in fund balance Fund balance (deficits), July 1, 2014 Fund balance (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR SPECIAL REVENUE FUNDS OTHER SPECIAL REVENUE FUND YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources: Total other financing sources Change in fund balance -- Fund balance (deficits), July 1, 2014 Fund balance (deficits), June 30, 2015 This page intentionally left blank NON-MAJOR CAPITAL PROJECTS FUND Northwest (Benefit Area) Transportation Impact Fees Northeast (Benefit Area) Transportation Impact Fees South (Benefit Area) Transportation Impact Fees Transportation Park Impact Fees Fund PAG Capital Fund Pima County Bond Capital Fund Sales Tax CapitalFund Downtown Reinvestment Fund Other Capital Projects Fund Gladden Farms Capital Fund Vanderbilt FarmsCapital Fund Saguaro Springs Capital Fund TOWN OF MARANA, ARIZONA COMBINING BALANCE SHEET - NON-MAJOR CAPITAL PROJECTS FUNDS (Cont'd) YEAR ENDED JUNE 30, 2015 ASSETS Total assets LIABILITIES Total liabilities DEFERRED INFLOWS OF RESOURCES Total deferred inflows of resources FUND BALANCES (DEFICITS) Total fund balances (deficits) Total liabilities, deferred inflows of resources, and fund balances TOWN OF MARANA, ARIZONA COMBINING BALANCE SHEET - NON-MAJOR CAPITAL PROJECTS FUNDS (Concl'd) YEAR ENDED JUNE 30, 2015 This page intentionally left blank TOWN OF MARANA, ARIZONA COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - NON-MAJOR CAPITAL PROJECT FUNDS (Cont'd) YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), beginning of year Fund balances (deficits), end of year TOWN OF MARANA, ARIZONA COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - NON-MAJOR CAPITAL PROJECT FUNDS (Concl'd) YEAR ENDED JUNE 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS NORTHWEST TRANSPORTATION IMPACT FEES YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Change in fund balances Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS NORTHEAST TRANSPORTATION IMPACT FEES YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances -- Fund balances (deficits), July 1, 2014 Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS SOUTH TRANSPORTATION IMPACT FEES YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS TRANSPORTATION CAPITAL YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Changes in fund balances Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS PARK IMPACT FEES YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - PAG CAPITAL YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS PIMA COUNTY BOND CAPITAL YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS SALES TAX CAPITAL YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS DOWNTOWN REINVESTMENT YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - OTHER CAPITAL PROJECTS YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Changes in fund balances Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS GLADDEN FARMS COMMUNITY FACILITIES DISTRICT CAPITAL YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS VANDERBILT FARMS COMMUNITY FACILITIES DISTRICT CAPITAL YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR CAPITAL PROJECTS FUNDS SAGUARO SPRINGS COMMUNITY FACILITIES DISTRICT CAPITAL YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), July 1, 2014-- Fund balances (deficits), June 30, 2015 This page intentionally left blank NON-MAJOR DEBT SERVICE FUNDS 1997 Bond Debt Service Fund 2004 Bond Debt Service Fund 2008 Bond Debt Service Fund 2013 Bond Debt Service Fund 2014 Bond Debt Service Fund Gladden Farms Debt Service Fund TOWN OF MARANA, ARIZONA COMBINING BALANCE SHEET - NON-MAJOR DEBT SERVICE FUNDS JUNE 30, 2015 ASSETS Total assets LIABILITIES AND FUND BALANCES Total liabilities Total fund balances Total liabilities and fund balances TOWN OF MARANA, ARIZONA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - NON-MAJOR DEBT SERVICE FUNDS YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances, beginning of year Fund balances, end of year TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR DEBT SERVICE FUNDS 1997 BOND DEBT SERVICE YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), July 1, 2014 Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR DEBT SERVICE FUNDS 2004 BOND DEBT SERVICE YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), July 1, 2014 Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR DEBT SERVICE FUNDS 2008 BOND DEBT SERVICE YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources: Total other financing sources Change in fund balances Fund balances, beginning of year Fund balances, end of year TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR DEBT SERVICE FUNDS 2013 BOND DEBT SERVICE YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), July 1, 2014 Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR DEBT SERVICE FUNDS 2014 BOND DEBT SERVICE YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), July 1, 2014 Fund balances (deficits), June 30, 2015 TOWN OF MARANA, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR DEBT SERVICE FUNDS GLADDEN FARMS DEBT SERVICE YEAR ENDED JUNE 30, 2015 Revenues: Total revenues Expenditures: Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses): Total other financing sources (uses) Change in fund balances Fund balances (deficits), July 1, 2014 Fund balances (deficits), June 30, 2015 This page intentionally left blank STATISTICAL INFORMATION This page intentionally left blank TOWN OF MARANA, ARIZONA STATISTICAL SECTION JUNE 30, 2015 Statistical Section Financial presentations included in the Statistical Section provide data and information on the financial, physical, a and economic characteristics of the Town of Marana. The following schedules cover multiple fiscal years and provide users with a broader and more complete understanding of the Town and its financial affairs and economic condition. They also present detailed information as a context for understanding this year's financial statements, note disclosures, and required supplementary information. SchedulePage Financial Trends These schedules contain trend information to help users understand and assess how the Town's financial position has changed over time. Net Position by Component - Last Ten Fiscal Years1162 Changes in Net Position - Last Ten Fiscal Years2164 Governmental Activities Tax Revenues by Source - Last Ten Years3168 Fund Balances of Governmental Funds - Last Ten Fiscal Years4169 Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years5170 Revenue Capacity These schedules contain information to help users understand and assess the Town's local revenue source, the property tax. Assessed Value, Estimated Actual Value and Assessment Ratios of Taxable Property - 6172 Last Ten Years Property Tax Rates - Direct and Overlapping Governments - Last Ten Years7173 Principal Property Taxpayers - Current Year and Eight Years Ago8174 Property Tax Levies and Collections - Last Ten Fiscal Years9175 Debt Capacity These schedules present information to help users understand and assess the Town's debt burden and its ability to service current debt and to issue additional debt in the future. Ratios of Outstanding Debt by Type - Last Ten Fiscal Years10176 Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years11177 Direct and Overlapping Governmental Activities Debt12178 Legal Debt Margin Information13179 Pledged-Revenue Coverage - Last Ten Fiscal Years14180 Demographic and Economic Information These schedules present economic and demographic indicators to help users understand the environment within which the Town's financial activities take place. Demographic and Economic Statistics - Last Ten Fiscal Years15181 Principal Employers - Current Year and Eight Years Ago16182 Operating Information These schedules present information to help users understand the Town's operations and resources as well as to provide a context for understanding and assessing the Town's economic condition. Full-time Equivalent City Government Employees by Function - Last Ten Fiscal Years17183 Other Information These schedules present information to help users understand potential for growth and economic opportunities within the town. Sales Tax by Industry - Last Ten Years18184 Excise Tax Collections - Last Ten Years19185 Principal Retail and Contracting Sales Taxpayers - Current Year and Nine Years Ago20186 Single Family Residential Permits Issued - Last Ten Years21187 Capital Assets Statistics by Function 22188 161 TOWN OF MARANA Schedule 1 NET POSITION BY COMPONENT LAST TEN FISCAL YEARS (Accrual basis of accounting) (Amounts expressed in thousands) Schedule 1 TOWN OF MARANA Schedule 2 CHANGES IN NET POSITION LAST TEN FISCAL YEARS (Accrual basis of accounting) (Amounts expressed in thousands) Expenses Program Revenues Schedule 2 TOWN OF MARANA Schedule 2 CHANGES IN NET POSITION LAST TEN FISCAL YEARS (Accrual basis of accounting) (Amounts expressed in thousands) General Revenues and Other Changes in Net Position Change in Net Position Schedule 2 TOWN OF MARANA Schedule 3 GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE LAST TEN FISCAL YEARS (Accrual basis of accounting) (Amounts expressed in thousands) Schedule 6 TOWN OF MARANA ASSESSED VALUE AND ESTIMATED ACTUAL OF TAXABLE PROPERTY LAST TEN FISCAL YEARS (Amounts expressed in thousands) Schedule 8 TOWN OF MARANA PRINCIPAL PROPERTY TAXPAYERS CURRENT YEAR AND EIGHT YEARS AGO (Amounts expressed in thousands) TOWN OF MARANA Schedule 9 PROPERTY TAX LEVIES AND COLLECTIONS LAST TEN FISCAL YEARS (Amounts expressed in thousands) TOWN OF MARANA Schedule 10 RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS (Amounts expressed in thousands, except per capita amount) TOWN OF MARANA Schedule 11 RATIOS OF GENERAL BONDED DEBT OUTSTANDING LAST TEN FISCAL YEARS (Amounts expressed in thousands, except per capita amount) TOWN OF MARANA Schedule 12 DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT AS OF JUNE 30, 2015 (Amounts expressed in thousands) TOWN OF MARANA Schedule 16 PRINCIPAL EMPLOYERS CURRENT YEAR AND EIGHT YEARS AGO Employer Schedule 17 TOWN OF MARANA FULL-TIME EQUIVALENT TOWN GOVERNMENT EMPLOYEES BY FUNCTION LAST TEN FISCAL YEARS Function Schedule 20 TOWN OF MARANA PRINCIPAL RETAIL AND CONTRACTING SALES TAXPAYERS CURRENT YEAR AND NINE YEARS AGO RETAIL CONTRACTING Schedule 21 TOWN OF MARANA SINGLE FAMILY RESIDENTIAL PERMITS LAST TEN FISCAL YEARS Month TOWN OF MARANA Schedule 22 CAPITAL ASSET STATISTICS BY FUNCTION AS OF JUNE 30, 2015 Fiscal Year Function201020112012201320142015 Public Safety Police: Stations 1 1 1 1 1 1 Substations 1 1 1 1 1 1 Police Vehicles 113 113 113 99 118 129 Highways and Streets Street (miles) 300 300 300 494 494 511 Culture and Recreation Parks 7 7 7 8 8 8 Parks Acreage 84 84 84 139 139 139 Trails in Miles - Hiking 11 28 28 37 37 37 Trails in Miles - Paved 16 16 16 16 16 18 Swimming Pools 1 1 1 1 1 1 Tennis Courts 5 5 5 6 6 6 Senior Center 1 1 1 1 1 1 Water Systems Miles of Water Mains 70 70 70 128 132 135 Number of Meters 4,755 5,556 5,734 6,002 6,272 6,542 Wastewater Number of Manholes N/A N/A841863863891 Sewer Mains (miles)N/AN/A46.447.547.548.33 Avg Daily Sewage Treated (MGD) N/A N/A0.1920.1980.2870.348 Source: This information is provided from the Town's facility records. Notes: reported each year until the complete ten years of data is presented. **Due to the waste water plant transfer from Pima County on January 3, 2012 infromation is reflected from that point forward. Prior years are not available however will be accumulated and reported each year until the ten years of data is presented.