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HomeMy WebLinkAboutAnnual Expenditure Limitation Report June 30, 1998 TOWN OF MARANA Marana,Arizona ANNUAL EXPENDITURE LIMITATION REPORT June 30, 1998 Clifton rArj Gunderson L.L.C. Certified Public Accountants&Consultants The Auditor General of the State of Arizona The Honorable Mayor of the Town of Marana Marana Town Council Independent Auditor's Report We have audited the general-purpose financial statements of the Town of Marana, Arizona as of and for the year ended June 30, 1998 and have issued our separate report thereon dated December 18, 1998. We have also audited the accompanying Annual Expenditure Limitation Report(report) of the Town of Marana, Arizona for the year ended June 30, 1998. This report is the responsibility of the Town's management. Our responsibility is to express an opinion on this report based on our audit. We conducted our audit in accordance with generally accepted auditing standards. 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 generally accepted accounting principles. In our opinion, the Annual Expenditure Limitation Report of the Town of Marana, Arizona for the year ended June 30, 1998, 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 filing with the State of Arizona and should not be used for any other purpose. Z.L.C. Tucson, Arizona December 18, 1998 Members Of INTERNATIONAL 1 AMERICAN INSTITUTE OF CERTIFIED PUBLIC ARIZONA COLORADO ILLINOIS INDIANA IOWA MARYLAND MISSOURI OHIO TEXAS VIRGINIA WISCONSIN ACCOUNTANTS TOWN OF MARANA ANNUAL EXPENDITURE LIMITATION REPORT — PART I YEAR ENDED JUNE 30, 1998 1 Economic Estimates Commission expenditure limitation $ 2 Voter—approved alternative expenditure limitation (Approved March 11, 1997) See Note 1 22,574,018 3. Enter applicable amount from line 1 or line 2 $ 22,574,018 4. Amount subject to the expenditure limitation (total amount from Part II, Line C) 15,326,437 5. Board—authorized expenditures necessitated by a disaster declared by the Governor and (Article IX, §20[2][a], Arizona Constitution) — 6. Board—authorized expenditures necessitated by a disaster not declared by the Governor (Article IX, §20[2][b], Arizona Constitution) — 7. Prior—year voter—approved expenditures to exceed the expenditure limitation for the reporting fiscal year (Article IX, §20[2][c],Arizona Constitution) — 8. Subtotal 15,326,437 9. Board—authorized excess expenditures for the previous fiscal year not approved by the voters (Article IX, §20[2][b], Arizona Constitution) + 10.Total adjusted amount subject to the expenditure limitation _ 15,326,437 11.Amount under (in excess of) the expenditure limitation (if excess expenditures are reported, provide an explanation.) $ 7.247,581 I hereby certify, to the best of my knowledge and belief, that the information contained in this report is accurate and in accordance with the requirements of the Uniform Expenditure Reporting System. Signature of Chief Fiscal Officer: Name and Title: Michael C. Hein, Town Manager � Telephone Number: 520-682-3401 Date: "� a a:2/7? 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This plan provides for the Town to allow the Mayor and Council to adopt an annual expenditure limitation each year, which for fiscal 1998 equaled the budget of$22,574,018. This budget was adopted formally on June 17, 1997. 5