Loading...
HomeMy WebLinkAboutAnnual Expenditure Limitation Report June 30, 2002 TOWN OF MARANA Marana, Arizona ANNUAL EXPENDITURE LIMITATION REPORT June 30, 2002 TABLE OF CONTENTS PAGE INDEPENDENT AUDITOR'S REPORT 1 FINANCIAL STATEMENTS Annual Expenditure Limitation Report—Part I 2 Annual Expenditure Limitation Report—Part II 3 Annual Expenditure Limitation Report—Reconciliation 4 Note to Annual Expenditure Limitation Report 5 Clifton Gunderson LLP Certified Public Accountants&Consultants Independent Auditor's Report The Auditor General of the State of Arizona The Honorable Mayor of the Town of Marana Marana Town Council We have audited the general-purpose financial statements of the Town of Marana, Arizona as of and for the year ended June 30, 2002 and have issued our separate report thereon dated December 6, 2002. We have also audited the accompanying Annual Expenditure Limitation Report (report) of the Town of Marana, Arizona for the year ended June 30, 2002. 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 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 the Town of Marana, Arizona for the year ended June 30, 2002, 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 is not intended to be and should not be used for any other purpose. LLA Tucson, Arizona December 6, 2002 1 Member o. Offices in 13 states and Washington,DC HLB International TOWN OF MARANA ANNUAL EXPENDITURE LIMITATION REPORT — PART I YEAR ENDED JUNE 30, 2002 1 Economic Estimates Commission expenditure limitation $ 2 Voter—approved alternative expenditure limitation (Approved May 15, 2001) See Note 1 62,335,470 3. Enter applicable amount from line 1 or line 2 $ 62,335,470 4. Amount subject to the expenditure limitation (total amount from Part II, Line C) 37,712,129 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 37,712,129 9. Board—authorized excess expenditures for the previous fiscal year not approved by the voters (Article IX, §20[2][b j,Arizona Constitution) + 10.Total adjusted amount subject to the expenditure limitation 37,712,129 11.Amount under (in excess of) the expenditure limitation (if excess expenditures are reported, provide an explanation.) $ 24,623,341 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: This Annual Expenditure Limitation Report should be read only in connection with the accompanying note. 2 o N 0 ( I _ §• k kf § k t2 Lu _ I ® I I I I , 7C PI LE ƒ CI CA cell } ? - § Ial X03 j _ 0)2 — f i . 7 e I I _ I { l 0 CV CV 0 jCO CO C s N . - \ \k ~ 0tZ �j 2 _ 07,§ §!2 o=u I ; I I I Ico � Cil \Ill� j §a ) I _ cc ee § \ C�� \ Z 49E < J 14)0 0k . \u. ' Ta . \ < _ ( i _ 2o § . , ] ; is . ] - ;f_ a - | §I! 7 f, % ; ] } 2 ; e / • Z� , _7% , § � _ E [k • | § ■ 8 i°2 § ■ c-.1-", ■ & Oc 7 ®/ • 1 ' To §$k { ! ' ) ' ! ■ 2 . a 2 � ■ i « f ti _ � :9: 8) . ; _ f #— � \ 22 E ) E ® _ ) �C E ` ooE k )] E i|a ti % $ _ $ _ � & § ; ) ] &� 7 gib § )/ } )\ 7 § - E • O. \' ....0 5 ° _ ° [ 7 - ` «$7 o §j \ - ■ E |k k j ] v § „5:.•E' 4, ��E -o . k §} § 2 . a° ■ k . _ . E -- e .° E © E § e ° &I $ 2 , EJ 22 tilt \§ «/ §a #ƒ § J � 1 0: »a I5 12! =e fe f = ■ #$2$ )f 2 \\ } 0 \O. < ) <k\ £ 3 § k §k 1 ) \}\A= �g A$ w w ¥ w 6 § / § - = < 4 a d En Lo 1 0) CD O Ni- V N In N N 0) 0 CO 75 N NI co CO 0 N o N Nlf) N I N. N N- 01 C91 EAI EA a) O) 0)) 0)) O T'SV V cny 0) N N CO 0 CO LI) a ct CV N CO N O CO- N 7 N Co 0) 0 cp 7, N N Ni Ntil CO C uL I N N CO O W li 1 I to, c Eo. c I c a N E Z o O 1- m U as H Q Efl J 69L U 0) I 3 U ,_ � � 8 a W a.as , c 0 � N 0ati v� c U CC N I EAo c Q O U.. D a) W N, Cy v Q Z ~ p EA EA M Z o 0 :3W 1 0 o' c ~ WCC col co .c cc < �oa (n H > - j N N a) o cn� W 1 c z ( o W EA EAI .� X _ E W LI- -/J Q r a) z c = 0 0 a W CD1- 0- 69691 EAEAI W -03 tj � � to 0 Q O c 1 CO CO cn N a) cc) N N N c 1 U C N N `' (A U o N o U C .2Y N (n C '' E U 7 in E c O -(3 Q a 3 a) ro N O 2 7 0 "6 a) N a) O N O al O (S) E_ c U N 0 a) 7 Q L -C7 -0 0 ° C c L O ' aa) a) c O c O a c 1- c a) 'Q •to c a) LI- ca ro O ca O O O 7 O a a) CO m ax X J UI a N UI U -6 a Ca) OQ C aro a) 'ZS ZP C al 0 a O a N a) cn � Fs c N a) 0 t N 0) 77_ 7 to .� w 72 C ro as roro c I rn a� cn13 .- E -Oro cQ c W S) •c O a 7 7 O ro O N a) a) , C O U a) L ro 17 0C 7 w `- (6 c a x O L L U ,,,, N U) O tri 7 (n N Ln N 0- a.O •0 a) 0 (n -p 7 C N O 0 '� > O .s O to O N O N 7 .c O 22 U .O C C U 0 j _C 73 O O D Z 7 p_ c O O U >. �. C -O c O Q) N O 'OO = a) = (n cn C c O N - a) Tr) tIHil _ cn u) cz U LN a) EX'"-' ro c E O J OJ JQCOa) N t. ._, a) a� `u c ‘..L'. 3 �j a� cna a.SU _ c ...79 0..•,- C U � U a IH 7 as C 7 •a o o ° ate) •- Ii CO v ui (o — ciri v ui E cn E- 0 Q Q a) < m U 0 TOWN OF MARANA,ARIZONA NOTE TO ANNUAL EXPENDITURE LIMITATION REPORT Year Ended June 30, 2002 NOTE 1 - BASIS OF PRESENTATION The Annual Expenditure Limitation Report is presented on the basis of accounting prescribed by the Uniform Expenditure Reporting system, as required by Arizona Revised Statutes Section 41- 1279.07, and in accordance with the voter-approved alternative expenditure limitation plan adopted on May 15, 2001, 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 2002 equaled the budget of $62,335,470. This budget was adopted formally on June 19, 2001. This information is an integral part of the accompanying financial statements. 5