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Home My WebLink AboutAnnual Expenditure Limitation Report June 30, 2003 i 1 1 TOWN OF MARANA, ARIZONA REPORT ON AUDIT OF ANNUAL EXPENDITURE LIMITATION REPORT YEAR ENDED JUNE 30,2003 1 1 1 1 1 1 1 i TOWN OF MARANA, ARIZONA REPORT ON AUDIT OF ANNUAL EXPENDITURE LIMITATION REPORT YEAR ENDED JUNE 30,2003 1 CONTENTS PAGE Independent Auditors'Report 1 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 1 I I I I I I I I I I HEINFELD, MEECH & CO., P.C. CERTIFIED PUBLIC ACCOUNTANTS 6740 N.Oracle Road,Suite 100 Tucson,Arizona 85704 Gary Heinfeld,CPA,CGFM (520)742-2611 Nancy A.Meech,CPA,CGFM Fax(520)742-2718 Jennifer L.Shields,CPA C.Christopher Arvizu,CPA www.heinfeldmeech.com 1 INDEPENDENT AUDITORS' REPORT 1 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 accompanying Annual Expenditure Limitation Report of the Town of Marana, Arizona for the year ended June 30, 2003. This report is the responsibility of the Town of Marana, Arizona's management. Our responsibility is to express an opinion on this report 1 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 1 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, 2003, referred to above presents fairly, in all material respects, the information required by the uniform expenditure reporting system on the basis of accounting Idescribed in Note 1. This report is intended solely for the information and use of management 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. 1 //e.A. AAGA ' HEINFELD,MEECH&CO.,P.C. Certified Public Accountants January 21,2004 1 TOWN OF MARANA,ARIZONA 1 ANNUAL EXPENDITURE LIMITATION REPORT- PART I YEAR ENDED JUNE 30,2003 1. Economic Estimates Commission expenditure limitation $ 5,072,774 2. Voter-approved alternative expenditure limitation (approved May 15, 2001) See Note 1 71,874,260 2. Amount subject to the expenditure limitation (total amount from Part II, Line C) 39,315,760 3. Amount under the expenditure limitation $ 32,558,500 I I hereby certify, to the best of my knowledge and belief, that the information contained in this report 1 is accurate and in accordance with the requirements of the uniform expenditure reporting system. Signature of Chief Fiscal Officer 4(1 Name and Title: Michael Reuwsaat, Town Manager I Telephone Number: (520) 682-3401 Date: January 21, 2004 I 1' I I I See accompanying note to report. Page 2 I I I vo r E-1 M M M M 69 69 N co 00 N 0 i+ N N 0 G"O — — o W I F•y ... M M r-i y Fo 69 69 0. •o 0 a 71 Y E 00 eg 00 Q O NI g �a) 00 1 c`I z M d M en tri en a0 O I N • r' C., a co " O• M 69 69 N N o oi cn QQz o , 0 A 03 • ,� 0 00 a4 N0 Q. IO W ¢▪ '1 o Z t:11 ii 00 o o ? " Io 6) t--14 Q) o Y ed O 'b aso 0.Y U Y of Y 0 0 ° o w a 0 N c� I " ¢ a ¢ w o A ¢ cd U I I M OA al a I I I I I CO N N O ,.0 �O O 001 0000OHO OHO N 0 00 00 00 00 '0 �/-; OTr F'" N N 00 00 M I VS N N O\ M rn 69 Iy Z •� "d N 'damN 00 -0- 00 VDV L, C !t W DD 00 �O V1 oo F +U•' ." M N N 00 0en 000 Q^ 1 W N N M 69 69 U z 0 I cv 00 00 C.) y Q a c °a 00 00 M M 0aOa. 0 M MI 0 N 0 0. "Q o W M LYW U Z 0 0 gopt,C a, 0 W oC FG a) y y 0 G E Lz, X_ W at ❑ y 0 k. U Saw CL, es cl a) • oCA Oa CZ Z o :: on a) -a rtl 3,3 o Q,_ H dE 0.1 O .YN 0c.' E .0 ,L N0 Ri a 5 ►a y d s.Oto as 0 G N 'O C ceOy y .ON `.. CA `•= a) i. ,N fl. ❑ 4.O cat � 3 U .0 O > y O U aCL 1 x N .y bA N U • L tn S', O "OC O y O y U A O - 0 'a + . • N N I. i cZ fG .fl • O • c 0 , � �1 .. =X N 10 i'i I Ga> es C Q. cey � ft b CNq A y Gv L � CC$ .+.+ + am •0 V . y L C ❑ •o 'O E O 6. , LCy 0 0a.) 0 x O .0 O •i � •5 O O w- LW U E-0 Ta Q U o 71 E-0 5 yr 1—, 0N ri V Q ^ , N ri ch -14 O ¢ CTW U D I 00 ca O. I 1 TOWN OF MARANA,ARIZONA NOTE TO ANNUAL EXPENDITURE LIMITATION REPORT YEAR ENDED JUNE 30,2003 I 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 I 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 2003 equaled the budget of$71,874,260. This budget was adopted formally on July 16, 2002. 1 • I 1 1 r 1 1 I I Page 5