HomeMy WebLinkAboutCouncil Presentation 02/01/2022 Marana ACFR FY21TOWN OF MARANA, ARIZONA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2021
_____________________________
11555 W. Civic Center Dr., A3
Marana, Arizona 85653
Issued by:
Town of Marana Finance Department
TOWN OF MARANA, ARIZONA
TABLE OF CONTENTS
INTRODUCTORY SECTION Page
Letter of Transmittal i
Certificate of Achievement for Excellence in Financial Reporting vi
Principal Officials vii
Senior Staff vii
Organizational Chart viii
FINANCIAL SECTION
INDEPENDENT AUDITORS' REPORT 1
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
(Required Supplementary Information) 7
BASIC FINANCIAL STATEMENTS
Government-wide Financial Statements:
Statement of Net Position 27
Statement of Activities 28
Fund Financial Statements:
Balance Sheet – Governmental Funds 32
Reconciliation of the Balance Sheet –
Governmental Funds to the Statement of Net Position 35
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds 36
Reconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances - Governmental Funds to the
Statement of Activities 39
TOWN OF MARANA, ARIZONA
TABLE OF CONTENTS (Cont’d)
FINANCIAL SECTION (Cont’d) Page
BASIC FINANCIAL STATEMENTS (Concl’d)
Statement of Revenues, Expenditures, and Changes in Fund Balances –
Budget and Actual – General Fund 40
Statement of Revenues, Expenditures, and Changes in Fund Balances –
Budget and Actual – Highway User Revenue Fund 41
Statement of Revenues, Expenditures, and Changes in Fund Balances –
Budget and Actual – Other Special Revenue Fund 42
Statement of Net Position – Proprietary Funds 43
Statement of Revenues, Expenses and Changes in Fund Net Position –
Proprietary Funds 44
Statement of Cash Flows – Proprietary Funds 45
Notes to Financial Statements 47
REQUIRED SUPPLEMENTARY INFORMATION
Schedule of the Town’s Proportionate Share of the Net Pension Liability -
Cost-Sharing Pension Plans 86
Schedule of Changes in the Town’s Net Pension Liability (Asset) and –
Related Ratios Agent Pension Plans 88
Schedule of Town Pension Contributions 92
Notes to Pension Plan Schedules 96
COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND
SCHEDULES
Other Major Governmental Funds Schedules of Revenues, Expenditures and
Changes in Fund Balances – Budget and Actual:
Tangerine Farms Road Improvement District Debt Fund 103
Transportation Capital Fund 104
TOWN OF MARANA, ARIZONA
TABLE OF CONTENTS (Cont’d)
FINANCIAL SECTION (Cont’d) Page
COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND
SCHEDULES (Cont’d)
Non-Major Governmental Funds:
Combining Balance Sheet – All Non-Major Governmental Funds –
By Fund Type 106
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances – All Non-Major Governmental Funds – By Fund Type 107
Non-Major Special Revenue Funds:
Combining Balance Sheet 110
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances 112
Combining Schedule of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual 114
Non-Major Capital Projects Funds:
Combining Balance Sheet 122
Combining Statement of Revenues, Expenditures and Changes in
Fund Balances 124
Combining Schedule of Revenues, Expenditures and Changes in
Fund Balances - Budget and Actual 126
Non-Major Debt Service Fund:
Combining Balance Sheet 136
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances 138
Combining Schedule of Revenues, Expenditures and Changes in
Fund Balances – Budget and Actual 140
TOWN OF MARANA, ARIZONA
TABLE OF CONTENTS (Cont’d)
STATISTICAL SECTION
FINANCIAL TRENDS
Net Position by Component – Last Ten Fiscal Years 147
Changes in Net Position – Last Ten Fiscal Years 149
Fund Balances of Governmental Funds – Last Ten Fiscal Years 153
Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years 154
REVENUE CAPACITY
Governmental Activities Tax Revenues by Source – Last Ten Years 158
Assessed Value, Estimated Actual Value and Assessment Ratios of Taxable 159
Property – Last Ten Years
Property Tax Rates – Direct and Overlapping Governments – Last Ten Years 160
Principal Property Taxpayers – Current Year and Nine Years Ago 162
Property Tax Levies and Collections – Last Ten Fiscal Years 163
Tangerine Farms Road Improvement District Assessments 164
Sales Tax by Industry – Last Ten Years 175
Excise Tax Collections – Last Ten Years 177
DEBT CAPACITY
Ratios of Outstanding Debt by Type – Last Ten Fiscal Years 179
Ratios of General Bonded Debt Outstanding – Last Ten Fiscal Years 180
Direct and Overlapping Governmental Activities Debt 181
Legal Debt Margin Information 182
Pledged-Revenue Coverage – Last Ten Fiscal Years 183
TOWN OF MARANA, ARIZONA
TABLE OF CONTENTS (Cont’d)
STATISTICAL SECTION (Concl’d) Page
DEMOGRAPHIC AND ECONOMIC INFORMATION
Demographic and Economic Statistics – Last Ten Fiscal Years 185
Principal Employers – Current Year and Nine Years Ago 186
Principal Retail and Contracting Sales Taxpayers – Current
and Nine Years Ago 187
OPERATING INFORMATION
Full-time Equivalent Town Government Employees by Function – Last 188
Ten Fiscal Years
Single Family Residential Permits Issued – Last Ten Years 189
Capital Assets Statistics by Function 190
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INTRODUCTORY SECTION
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January 4, 2022
The Honorable Mayor and Town Council, and Citizens of the Town of Marana, Arizona:
State statutes require that cities and towns publish a complete set of financial statements presented
in conformity with accounting principles generally accepted in the United States of America and
audited in accordance with auditing standards generally accepted in the United States by a certified
public accounting firm licensed in the State of Arizona. Pursuant to that requirement, we hereby
issue the annual financial report of the Town of Marana, Arizona (Town) for the fiscal year ended
June 30, 2021.
This report consists of senior management’s representations concerning the finances of the Town.
Consequently, senior management assumes full responsibility for the completeness and reliability of
all of the information presented in this report. To provide a reasonable basis for making these
representations, management of the Town has established a comprehensive internal control
framework that is designed to protect both the Town’s assets from loss, theft, or misuse and to
compile sufficient reliable information for the preparation of the Town’s financial statements in
conformity with accounting principles generally accepted in the United States of America. Because
the cost of internal controls should not outweigh their benefits, the Town’s comprehensive
framework of internal controls has been designed to provide reasonable rather than absolute
assurance that the financial statements will be free from material misstatement. As management,
we assert that, to the best of our knowledge and belief, this financial report is complete and reliable
in all material respects.
The Town’s financial statements have been audited by Henry & Horne, LLP, a certified public
accounting firm. The goal of the independent audit was to provide reasonable assurance that the
financial statements of the Town for the fiscal year ended June 30, 2021, are free of material
misstatement. The independent audit involved examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements; assessing the accounting principles used and
significant estimates made by management; and evaluating the overall financial statement
presentation. The independent auditor concluded, based upon the audit, that there was a
reasonable basis for rendering an unmodified opinion that the Town’s financial statements for the
fiscal year ended June 30, 2021, are fairly presented in conformity with accounting principles
generally accepted in the United States of America. The independent auditors’ report is presented
as the first component of the financial section of this report.
The independent audit of the financial statements of the Town was part of a broader, federally
mandated Single Audit as required by the provisions of the Single Audit Act Amendments of 1996
and the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance) to meet the special needs of federal grantor agencies. The standards governing Single
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Audit engagements require the independent auditor to report not only on the fair presentation of the
financial statements, but also on the audited Town’s internal controls and compliance with legal
requirements, with special emphasis on internal controls and legal requirements involving the
administration of federal awards. These reports are available in a separately issued Single Audit
Reporting Package.
Accounting principles generally accepted in the United States of America require that management
provide a narrative introduction, overview, and analysis to accompany the basic financial statements
in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed
to complement the MD&A and should be read in conjunction with it. The Town’s MD&A can be
found immediately following the report of the independent auditors.
Profile of the Town
The Town of Marana, incorporated in 1977, is located in northwestern part of the Tucson
metropolitan area of Pima County and has historically been one of the fastest growing communities
in Arizona. Straddling Interstate 10, Marana is only 10 miles north of downtown Tucson and 88
miles southeast of downtown Phoenix. Marana’s original incorporation covered approximately ten
square miles. Today, the Town’s boundaries encompass 121.8 square miles and serves a population
of 51,908 according to the 2020 US Census Bureau survey.
In its infancy, the Town was primarily a rural, agricultural community. However, through
annexations and planned growth, the Town is now home to several residential, commercial and
industrial developments, including Continental Ranch, Continental Reserve, Gladden Farms, Gladden
Farms II, Sunflower, Heritage Highlands, Dove Mountain, Lazy K, Saguaro Ranch, Sky Ranch,
Saguaro Bloom, Continental Ranch Business Park, Arizona Pavilions, and the Marana Center.
Legislative authority for the Town of Marana is vested in a seven-member Mayor and Council.
Voters of the Town directly elect the Mayor. Council-members serve four-year staggered terms.
The Council fixes the duties and compensation of Town officials and employees, and enacts
ordinances and resolutions relating to Town services, taxes, appropriating and borrowing monies,
licensing and regulating businesses and trades and other municipal purposes. The Town Council
appoints the Town Manager who has full responsibility for executing Council polices and
administering Town operations. Town employees are hired under personnel rules approved by the
Council. A staff of approximately 402 full-time equivalent positions is responsible for the functions
and operations of the Town government.
Economic Condition and Outlook
Current Condition
As we are all aware, 2021 was an unprecedented year for the Town of Marana, and indeed, for the
entire world. As the COVID-19 pandemic gripped our nation and took hold globally, the world
scrambled to implement changes that would protect public health at all costs. As a result of this
pandemic, as well as these policy changes at the federal, state, county, and local levels, the
economy has exhibited symptoms that are reminiscent of the 2007/2008 financial crisis. However,
due to sound budgeting practices, receiving $5.6M from the CARES Act, individual stimulus checks to
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citizens, accelerated housing development, the lifting of restrictions on local businesses, and
stronger-than-anticipated retail sales, the Town’s economy grew robustly through much of the fiscal
year, although, not fully recovering from the devastating economic impacts of the pandemic.
In fiscal year 2021, the Town has not only seen higher than anticipated projections and collections
for key revenue streams that fund essential services, but also, significant wins in commercial
development around the community. Revenues in the General Fund grew by approximately 26.9%
overall with growth in transaction privilege taxes of $3.5 million or 11.5% overall, which
demonstrates continued growth and improvement in the economy. The Town was able to provide
team based merit increases to employees while maintaining costs in commodities and services
received in order to stay within budget. The General Fund expenditures were $14 million under
budget.
The Town established and maintains an investment plan as a way to guide decisions made during
future year’s budgetary processes. Even, as revenues grow in future years, the investment plan will
serve as a guide in the allocation of resources as they become available. Both the current and
future programs are measured for alignment with the Strategic Plan as well as the investment plan.
Those programs that are more precisely aligned with those plans and those that are sustainable are
more likely to receive funding. The financial performance of the Town as a whole is reflected in its
governmental funds.
As of June 30, 2021, the Town’s governmental funds reported a combined fund balance of $113.5
million, of which $67.4 million is unassigned and available for spending at the Town’s discretion.
The Town, like most municipalities, is significantly dependent upon transaction privilege tax
revenues, which are subject to economic fluctuations. Transaction privilege tax revenues comprised
50.7% of general fund revenues. Of those revenues, retail comprised 56.6% and restaurants and
bars, construction, and utilities comprised 29.2% of total transaction privilege tax revenues. Sales
taxes and revenues continued to improve during the fiscal year with the exception of hotels and
lodging taxes and contracting taxes.
Future Economic Outlook
The Town’s goal in managing budgets is to structurally balance on-going revenues matched with on-
going expenses and one-time revenues aligned with one-time expenses. In addition to our sound
budgeting practices developed over the years, Town has used the following assumptions to develop
the fiscal year 2021-2022 budget.
• Upward economic trend assuming the COVID-19 outbreak continues to dissipate.
• Inflation rate holding at 1.5%.
• Population growth rate of 4% with 940 new residential home permits.
Accomplishments and Initiatives
During fiscal year 2021, the Town had several significant accomplishments and initiatives.
Marana Parks and Recreation 10 Year Master Plan
The Ten Year Marana Parks and Recreation Department’s Master Plan 2020-2030 was completed
and adopted by Mayor and Council on February 2, 2021. This comprehensive planning document will
be a road map for the Town’s parks and recreation development for the next decade.
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COVID-19 Pandemic Management
The Town successfully transitioned the majority of Town staff to work from home to protect staff’s
health, with no service interruption and no loss of productivity during the COVID-19 pandemic. An
emergency communication of local and state action was administered through manager messages to
the community, website management, Newsroom articles, and social media monitoring. The Legal
Department provided administrative directives and emergency proclamations to address COVID-19.
Human Resources facilitated the Town wide COVID-19 vaccination process. Facilities assisted and
implemented safety protocols such as windows at customer facing locations, hand sanitizing
stations, distancing markings, and sanitizing work stations and public amenities.
Marana Visitors Center
The Town remodeled the Parks Administration Building to create a Visitors Center Facility that will
house the Marana Chamber of Commerce.
Expenditure Limitation
On June 30, 1980 Arizona voters approved general propositions amending the Arizona Constitution
to establish expenditure and revenue limitations for local governments. The purpose of the
expenditure limitation is to control expenditures and to limit future increases in spending to
adjustments for inflation, deflation and population growth of the Town.
On August 4, 2020, the voters of the Town approved an alternative expenditure limitation, the effect
of which is that the total budgeted expenditures of each yearly budget becomes the expenditure
limitation for that year on a total budget basis. This alternative expenditure limitation is effective for
four years beginning with the fiscal year ended June 30, 2021.
Single Audit
As a recipient of Federal, State and County financial assistance, the Town is responsible for ensuring
that adequate internal controls are in place to ensure compliance with applicable laws, regulations,
contracts and grants related to those programs. Internal control is subject to periodic evaluation by
management.
As part of the Town’s single audit described earlier, tests are made to determine the adequacy of
the internal controls, including that portion related to Federal financial assistance programs, as well
as to determine that the Town has complied with applicable laws and regulations.
Certificate of Achievement
The Government Finance Officers Association of the United States (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the Town of Marana for its Annual
Comprehensive Financial Report (ACFR) for the year ended June 30, 2020. This was the 13th
consecutive year that the Town has achieved this prestigious award. In order to be awarded the
Certificate of Achievement, a governmental unit must publish an easily readable and efficiently
organized ACFR, whose contents conform to program standards. Such reports must satisfy both
generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a one-year period only. We believe our current report
conforms to the Certificate of Achievement program requirements, and we are submitting it to GFOA
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for consideration.
Acknowledgements
The preparation of this report would not have been possible without the efficient, effective and
dedicated services of the entire staff of the Finance Department and the assistance of personnel in
the various departments. We would like to express our appreciation to all members who assisted
and contributed to the preparation of this report.
We would also wish to express our sincere appreciation to the Mayor and Council for unfailing
support in maintaining the highest standards of professionalism in the management of the Town of
Marana’s finances.
Respectfully submitted,
Terry Rozema Yiannis Kalaitzidis
Interim Town Manager Finance Director
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Government Finance Officers Association
Certificate of
Achievement for
Excellence in Financial
Reporting
Presented to
Town of Marana Arizona
For its Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2020
Executive Director/CEO
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TOWN OF MARANA, ARIZONA
PRINCIPAL OFFICIALS OF THE TOWN OF MARANA
FISCAL YEAR 2021
MAYOR AND COUNCIL
Ed Honea, Mayor
Jon Post, Vice Mayor Herb Kai, Councilmember
John Officer, Councilmember Roxanne Ziegler, Councilmember
Jackie Craig, Councilmember Patti Comerford, Councilmember
MANAGEMENT STAFF
Terry Rozema, Town Manager
Erik Montague, Deputy Town Manager
DEPARTMENT HEADS
Jason Angell, Development Services Director Curry C. Hale, Human Resources Director
Cherry Lawson, Town Clerk Jane Fairall, Town Attorney
Keith Brann, Town Engineer Yiannis Kalaitzidis, Finance Director
Mohammad El-Ali, Public Works Director
Heath Vescovi-Chiordi, Interim Airport Manager
Reuben Nunez, Police Chief Laine McDonald, Town Magistrate
Lisa Shafer, Community and Neighborhood
Services Director
Isaac Abbs, Technology Services Director
Jim Conroy, Parks and Recreation Director
Jing Luo, Utilities Director
Curt Woody, Director of Economic Development
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TOWN OF MARANA, ARIZONA
ORGANIZATIONAL CHART
FISCAL YEAR 2021
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FINANCIAL SECTION
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INDEPENDENT AUDITORS’ REPORT
The Honorable Mayor and Town Council
Town of Marana, Arizona
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
Town of Marana, Arizona, as of and for the year ended June 30, 2021, 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.
Tempe • Scottsdale • Casa Grande www.hhcpa.com
1
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinions.
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, 2021, and the respective changes in financial position and, where applicable, cash
flows thereof and the respective budgetary comparison for the General Fund, Highway User
Revenue Fund, and the Other Special Revenue Fund for the year then ended in accordance
with accounting principles generally accepted in the United States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
management’s discussion and analysis and pension 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, the 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 and schedules are fairly stated, in all
material respects, in relation to the basic financial statements as a whole.
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Other Information (Continued)
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
January 4, 2022 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.
Tempe, Arizona
January 4, 2022
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4
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
(Required Supplementary Information)
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TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
As management of the Town of Marana, Arizona, (Town) we offer readers of the Town’s financial statements this
narrative overview and analysis of the financial activities of the Town for the fiscal year ended June 30, 2021. We
encourage readers to consider the information presented here in conjunction with additional information that we
have furnished in our letter of transmittal, which can be found in the introductory section of this report.
FINANCIAL HIGHLIGHTS
• The Town’s total net position increased by $28.3 million or 7.1 percent from the previous fiscal year 2019-
20. The increase is primarily due to an increase in cash, receivables due from other governments, deferred
outflows, and a decrease in deferred inflows. The increase in cash is due to revenue collections in excess of
projections and reductions to expenses. This was a result of cautious budgeting for fiscal year 2020-21 with
the onset of the pandemic. The increase in receivable due from other governments is from the allocation
from the American Rescue Plan Act (ARPA) for lost revenues of $8.2 million. The increase in deferred
outflows and the decrease in deferred inflows related to pensions occurred primarily due to an increase in
the difference between projected and actual investment earnings and a reduction in the changes in
assumptions for the Arizona State Retirement System, respectively.
• General revenues from governmental activities, excluding transfers, accounted for $61.7 million in revenue,
or 61.9 percent of all revenues from governmental activities. Program specific revenues in the form of
charges for services and grants and contributions accounted for $38 million or 38.1 percent of total
revenues from governmental activities. The Town had $23.6 million of program revenues related to
business-type activities. Overall revenues have increased by 6.8 percent, with increases in all categories
except capital grants and contributions, investment income, and miscellaneous revenues. The largest
increases in revenue in fiscal year 2020-21 was $6 million in operating grants and contributions, $3.3 million
in charges for services, $2.1 in sales taxes and $2.3 million in state shared revenues.
• The General Fund had $67.1 million in fiscal year 2020-21 revenues, which primarily consisted of sales
taxes, intergovernmental revenue and licenses, fees and permits. This was an increase of $14.2 million
contrary to the anticipated decrease due to the pandemic. The increase was a result of the ARPA funds and
unprecedented growth in residential development and a 19% growth in retail trade sales tax. The General
fund had $40.1 million of expenditures and $4.3 million in required transfers out during the year. The
decrease of $2.3 million in expenditures is due to the reduced budget with the anticipation of lower revenue
collections. The $25.2 million fund balance increase is attributed to higher than anticipated revenues in
sales taxes, intergovernmental revenue, and licenses, fees and permits, as well as cautious use of Town
funds for departmental expenditures.
• Highway User Revenue Fund revenues remained consistent with the prior year in fiscal year 2020-21 at $4.2
million. Expenditures were slightly less than the previous year due to projected declines in revenue
collections related to the pandemic. The decrease in expenditures was 9.3%.
• Tangerine Farms Road Improvement District Debt Service Fund, which accounts for special assessments,
had a $519,241 fund balance attributable to the accumulation of prepaid assessments and resources
required for debt service payment.
• The Transportation Fund had a decrease in revenue of 17.6 percent in fiscal year 2020-21 due to decreased
construction tax revenues. There was an increase of 88.2 percent in expenditures due several planned
projects. Specifically the Adonis Road Extension and the Adonis Drainage projects.
• The Other Special Revenue Fund, which accounts for grant related programs and projects, became a major
fund in fiscal year 2019-20 due to funds from the CARES funds. In fiscal year 2020-21 the remainder of the
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TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
CARES funds were recognized. Overall revenues decreased by 31.3% and expenditures decreased by 40.5%
in fiscal year 2020-21.
OVERVIEW OF FINANCIAL STATEMENTS
This discussion and analysis are intended to serve as an introduction to the Town’s basic financial statements. The
Town’s basic financial statements comprise three components: 1) government-wide financial statements, 2) fund
financial statements, and 3) notes to the financial statements. This report also contains other supplementary
information in addition to the basic financial statements themselves.
Government-wide financial statements. The government-wide financial statements are designed to provide
readers with a broad overview of the Town’s finances, in a manner similar to a private-sector business. All of the
activities of the Town, except those of a fiduciary nature, are included in these statements.
The Town’s activities are presented in two columns on these statements; governmental activities and business-type
activities. A total column for these activities is also provided.
• The governmental activities include basic services of the Town including general government (administration),
public safety (police and building safety), highways and streets, health and welfare, economic and community
development, and culture and recreation. These activities are primarily supported by general taxes and
revenues.
• The business-type activities include the private sector-type activities such as water utility, wastewater utility,
and airport operations. These activities are supported primarily through user charges and fees.
The statement of net position presents information on all of the Town’s assets, deferred outflows of resources,
liabilities, and deferred inflows of resources with the difference reported as net position. The focus on net position
is important because increases and decreases in net position may serve as a useful indicator of how the financial
position of the Town may be changing. Increases may indicate an improved financial position. However, decreases
in net position may not necessarily indicate the Town’s financial position is deteriorating. Instead, it may reflect a
situation where the Town may have used previously accumulated funds (i.e., cash collected over time to fund
capital projects). As a result, other financial and non-financial indicators must also be considered to effectively
assess the Town’s overall financial health.
The statement of activities presents information showing how the Town’s net position changed during the most
recent fiscal year. Since economic resources measurement focus and accrual basis of accounting are used for the
government-wide financial statements, all changes in net position are reported as soon as the underlying event
giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are
reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected
taxes and long-term debt that has not matured). This statement also focuses on both the gross and net costs of
various Town functions, based only on direct functional revenues and expenses. This is designed to show the
extent to which the various functions are dependent on general taxes and revenues for support.
In addition to the Town itself (primary government), the government-wide financial statements also the Gladden
Farms Community Facilities District, Gladden Farms Community Facilities District II, and Saguaro Springs
Community Facilities District are blended component units.
The government-wide financial statements can be found on pages 27-29 of this report.
8
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Fund financial statements. Also presented are the financial statements for governmental funds and proprietary
funds. A fund is a grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. The Town uses fund accounting to ensure and demonstrate
compliance with finance-related legal requirements. All of the funds of the Town can be divided into two
categories: governmental funds and proprietary funds.
Governmental funds. Governmental funds are used to account for essentially the same functions reported as
governmental activities in the government-wide financial statements. However, unlike the government-wide
financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable
resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information
may be useful in evaluating the Town’s near-term financing requirements and determining what financial resources
are available in the near future to fund Town programs.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it may
be useful to compare the information presented for governmental funds with similar information presented for
governmental activities in the government-wide financial statements. By doing so, readers may better understand
the long-term impact of the Town’s near-term financing decision. To facilitate this comparison, reconciliations of
the differences between the governmental fund balance sheet and statement of revenues, expenditures and
changes in fund balances and government-wide statement of net position and statement of activities are provided
immediately following the respective governmental fund statements.
Information is presented separately in the governmental fund balance sheet and in the governmental fund
statement of revenues, expenditures and changes in fund balances for the General Fund, Highway User Revenue,
Tangerine Farms Road Improvement District Debt Service, Transportation Capital Fund, and Other Special Revenue
Fund all of which are considered to be major funds. Data from the other governmental funds are combined into a
single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided
in the form of combining statements and schedules. These statements are included as supplementary information
after the basic financial statements starting on page 106.
The Town adopts an annual budget and legally allocates (or appropriates) available monies for the General,
Highway User Revenue, Other Special Revenue, Tangerine Farms Road Improvement District Debt Service,
Transportation Capital, and other non-major governmental funds. Budgetary comparison statements are provided
for the General Fund, Highway User Revenue Fund, and Other Special Revenue Fund within the basic financial
statements on pages 40-42. Budgetary comparison schedules have been presented for the Town’s major debt and
capital funds on pages 103-104, and budgetary comparison schedules have been presented for the Town’s non-
major funds to demonstrate compliance with the annual budget.
The basic governmental fund financial statements can be found on pages 32-42 of this report.
Proprietary funds. The Town maintains two different types of proprietary funds. Enterprise funds are used to
report the same functions presented as business-type activities in the government-wide financial statements. The
Town uses enterprise funds to account for its water, wastewater and airport services, which are primarily supported
by user charges and fees. Internal service funds are an accounting device used to accumulate and allocate costs
internally among the Town’s various functions. The Town uses an internal service fund to account for the employee
health and dental benefits. Because the services of internal service funds predominantly benefits governmental
rather than business-type functions, they have been included within governmental activities in the government-wide
financial statements. Proprietary funds provide the same type of information as the government-wide financial
statements, only in more detail.
9
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Notes to the financial statements. The notes provide additional information that is essential to a full
understanding of the data provided in the government-wide and fund financial statements. The notes to the
financial statements can be found immediately following the basic financial statements.
Required supplementary information other than MD&A. In addition to the basic financial statements and
accompanying notes, this report also presents certain required supplementary information concerning the Town’s
progress in funding its obligation to provide pension benefits to its employees. Governments are required to
disclose certain information about employee pension funds. These disclosures are included within Note 9 Employee
Retirement Systems beginning on page 67 in addition to the information on pages 86-97 reported as required
supplementary information.
GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the
case of the Town, assets and deferred outflows of resources exceeded liabilities and deferred inflows by $428.5
million as of June 30, 2021. Noncurrent assets increased by $3.4 million or 1 percent due to the addition of capital
assets and increased restricted cash for debt service purposes. The current assets increased by $31.7 million or
31.5 percent primarily due to an increase in cash and receivables due from other governments. The increase in cash
is primarily due to a planned reduction in spending due to unknown effects of the pandemic and higher than
expected revenue collections during the pandemic. The increase to receivables due from other governments is due
to the funding from ARPA. The current liabilities remained fairly consistent at $22.5 million. Long-term liabilities
increased by $11.8 million or 8.4 percent due to an increase in net pension liability, general obligation bonds
payable, and loans payable. The increase in long-term liabilities was offset by decreases in revenue bonds payable
and special assessment bonds due to regularly scheduled principal payments.
Net position. The majority of the Town’s net position reflects its investment in capital assets (land, building and
improvements, infrastructure, vehicles and equipment and construction in progress) net of accumulated
depreciation and any related outstanding debt used to acquire or construct those assets. The Town uses these
capital assets to provide services to its citizens; consequently, these assets are not available for future spending.
Although the Town’s investment in its capital assets is reported net of related debt, it should be noted that the
resources needed to repay this debt must be provided from other sources, since the capital assets themselves
cannot be used to liquidate these liabilities. In addition, a portion of the Town’s net position represents resources
that are subject to external restrictions on how they may be used.
The Town’s financial position is the product of several financial transactions including the net results of activities,
the acquisition and payment of debt, the acquisition and disposal of capital assets, and the depreciation of capital
assets.
The following table presents a summary of the Town’s net position for the fiscal years ended June 30, 2021 and
June 30, 2020.
10
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Governmental Activities Business-type Activities Total
2021 2020 2021 2020 2021 2020
Current and other
assets
$131,599,536
$109,227,186 $ 14,023,513 $ 9,358,849
$145,623,049
$118,586,035
Capital assets, net 301,486,932 303,776,864 144,117,321 133,807,290 445,604,253 437,584,154
Total assets, net 433,086,468 413,004,050 158,140,834 143,166,139 591,227,302 556,170,189
Deferred outflows
related to pensions 10,931,378 7,360,900 567,075 242,121 11,498,453 7,603,021
Deferred charge on
refunding 1,307,614 1,455,510 - - 1,307,614 1,455,510
Total deferred
outflows of
resources 12,238,992 8,816,410 567,075 242,121 12,806,067 9,058,531
Current and other
liabilities 17,749,513 16,213,675 4,768,257 6,019,925 22,517,770 22,239,075
Long-term liabilities 113,621,944 109,533,832 38,972,319 31,246,634 152,594,263 140,780,466
Total liabilities 131,371,457 125,747,507 43,740,576 37,266,559 175,112,033 163,019,541
Deferred inflows
related to pensions 467,204 1,916,755 - 128,975 467,204 2,045,730
Total deferred
inflows of
resources 467,204 1,916,755 -
128,975
467,204
2,045,730
Net position:
Net investment in
capital assets
243,691,969
244,996,219
106,165,559
102,911,048
349,857,528
347,907,267
Restricted 21,674,530 21,837,395 1,128,549 770,019 22,803,079 22,607,414
Unrestricted 48,120,299 27,322,584 7,673,224 2,331,659 55,793,523 29,654,243
Total net
position
$313,486,798
$294,156,198
$114,967,332
$106,012,726
$428,454,130
$400,168,924
Net investment in capital assets, which reflects the Town’s investment in capital assets net of accumulated
depreciation and any related outstanding debt issued to acquire or construct those assets, was $349.9 million or
81.7 percent, which represents the largest portion of net position. This portion of net position increased by $2
million as of June 30, 2021. The increase is due to a net increase in capital assets and offset by an increase in debt
related to the acquisition of capital assets, primarily in the business-type activities.
The second portion of net position of $22.8 million or 5.3 percent represents resources that are subject to external
restrictions on how they may be utilized. This category remained consistent with the prior year.
The third portion consists of unrestricted net position of $55.8 million or 13 percent. The unrestricted balance has
increased by $26.1 million. The increase in governmental activities accounts for $20.8 million of the overall
increase, which is primarily attributable to an increase in the General Fund unrestricted balance. As mentioned
earlier, this is related to additional revenues and reduced expenditures. The business-type activities increase in
unrestricted net position was $5.3 million. The increase in business-type activities was due to an overall increase in
cash as a result of increased charges for services and development fees.
11
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Changes in net position. The Town’s total revenues for the fiscal year ended June 30, 2021, were $123.4
million, which was an overall increase of $7.9 million or 6.8 percent. Although we collected more revenues than the
previous year, the growth rate has declined significantly due to the pandemic. We projected a decline in revenue
projections, which were greater than the outcome. This year we have seen record highs in residential building over
the last decade. The number of single family residential permits issued increased by 24.8 percent.
The total cost of all programs and services was $95.1 million. The increase of $3.6 million or 3.9 percent is primarily
attributable to increased spending in General Government, Highways and Street, Water, Wastewater, and Airport.
The increase in spending in the General Government function is due to increased pension expense. The increase in
spending in the Highways and Street function is due to an increase in compensated absences and depreciation
expense. The enterprise funds had increases in all categories of operating expenses. Primarily the contractual
services increased due to costs related to implementing the Adonis sewer connection, the Airport runway safety
study, and a Water study to review the Town’s existing water resources portfolio.
12
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Governmental Activities Business-type Activities Total
2021 2020 2021 2020 2021 2020
Revenues:
Program revenues:
Charges for services $12,667,676 $11,045,881 $ 10,157,583 $ 8,505,655 $22,825,259 $19,551,536
Operating grants and
contributions 14,465,174 8,469,543
-
-
14,465,174
8,469,543
Capital grants and
contributions 10,839,877 15,046,692 13,461,844 13,603,706
24,301,721
28,650,398
General revenues:
Sales taxes 42,846,634 40,704,792 - - 42,846,634 40,704,792
Property taxes 1,420,127 1,161,124 - - 1,420,127 1,161,124
Franchise taxes 584,762 548,703 - - 584,762 548,703
State shared
revenues 15,371,517 13,098,547 - - 15,371,517 13,098,547
Investment income 484,181 1,964,946 4,158 56,796 488,339 2,021,742
Miscellaneous
revenues 1,002,901 1,001,722 122,960 364,473 1,125,861 1,366,195
Total revenues 99,682,849 93,041,950 23,746,545 22,530,630 123,429,394 115,572,580
Expenses:
General government 22,578,082 21,040,161 - - 22,578,082 21,040,161
Public safety 19,223,164 19,980,753 - - 19,223,164 19,980,753
Highways and streets 25,728,785 25,003,972 - - 25,728,785 25,003,972
Health and welfare 460,865 442,266 - - 460,865 442,266
Economic and
community
development 4,158,387 4,173,881 - - 4,158,387 4,173,881
Culture and
recreation 5,861,170 6,121,683 - -
5,861,170 6,121,683
Interest on long-term
debt 2,346,385 2,484,808 - -
2,346,385 2,484,808
Water - - 7,795,647 6,750,034 7,795,647 6,750,034
Wastewater - - 5,345,902 4,135,927 5,345,902 4,135,927
Airport - - 1,645,801 1,392,850 1,645,801 1,392,850
Total expenses 80,356,838 79,247,524 14,787,350 12,278,811 95,144,188 91,526,335
Increase/(decrease)
in net position before
transfers 19,326,011
13,794,426
8,959,195
10,251,819 28,285,206
24,046,245
Transfers 4,589
(135,953)
(4,589)
135,953 -
-
Increase/(decrease)
in net position
19,330,600
13,658,473
8,954,606
10,387,772 28,285,206
24,046,245
Net position,
beginning of year
294,156,198
280,497,725
106,012,726
95,624,954 400,168,924
376,122,679
Net position, end of
year
$313,486,798
$294,156,198
$114,967,332
$106,012,726 $428,454,130 $400,168,924
13
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Governmental Activities. Governmental activities increased net position by $19.3 million for fiscal year ended
June 30, 2021. This increase is attributable to holding the line on spending and increased collections of revenues
greater than projected. Also, as previously mentioned, the economic resources measurement focus is used for
reporting government-wide financial information, as such, there were contributions of infrastructure assets of $5.5
million, which contributed to the increase in governmental net position.
The following table presents the cost of the nine major Town functional activities. The table also shows each
function’s net cost (total cost less charges for services generated by the activities and intergovernmental aid
provided for specific programs). The net cost shows the financial burden that was placed on the State and Town’s
taxpayers by each of these functions.
Year Ended June 30, 2021
Year Ended June 30, 2020
Total
Net (Expense)/
Total
Net (Expense)/
Expenses
Revenue
Expenses
Revenue
Governmental Activities
General government $ 22,578,082
$ (8,189,953)
$ 21,040,161
$(15,250,919)
Public safety 19,223,164
(15,247,020)
19,980,753
(14,157,799)
Highways and streets 25,728,785
(15,967,280)
25,003,972
(10,788,675)
Health and welfare 460,865
(373,570)
442,266
(334,967)
Economic and community
development 4,158,387
4,928,238
4,173,881
3,390,396
Culture and recreation 5,861,170
(5,188,141)
6,121,683
(5,058,636)
Interest on long-term debt 2,346,385
(2,346,385)
2,484,808
(2,484,808)
Total $ 80,356,838
$ (42,384,111)
$ 79,247,524
$(44,685,408)
Business-Type Activities
Water 7,795,647
$ 7,287,051
6,750,034
$ 6,038,049
Wastewater 5,345,902
2,524,629
4,135,927
2,701,558
Airport 1,645,801
(979,603)
1,392,850
1,090,943
Total $ 14,787,350
$ 8,833,324
$ 12,278,811
$ 9,830,550
• The cost of all governmental activities this year was $80.4 million. There was only a 1.4 percent increase in
governmental activities expenses, which as previously mentioned is due to a conservative budget related to
unknown effects of the pandemic.
• Net cost of governmental activities of $42.3 million was largely financed by general revenues, which are
made up of primarily sales taxes totaling $442.8 million and state shared revenues of $15.4 million.
• The Water fund expenses increased $1 million or 15.4 percent. This is primarily due to increased costs
overall for operating expenses. Specifically mid-year salary increases were provided, a new water resource
study is being conducted by consultants, and additional costs were incurred for system repairs.
• The Wastewater fund expenses increased $1.2 million or 29.3 percent. Wastewater had an overall increase
in all categories of operating expenses. Specifically mid-year salary increases were provided, costs to
connect residents to the new Adonis sewer connection were incurred, and an expense was recognized for
an agreement to defer electric costs related to hydropower.
14
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
• The Airport fund expenses increase $0.3 million or 18.1 percent. The increases were primarily due to the
runway study and increased depreciation expense.
The following graph shows the functional revenues and expenses of the governmental activities in order to
demonstrate the extent to which the governmental functions produce direct revenues to offset related program
costs. It should be noted that this graph is not intended to represent a full allocation to these functions. As
described above, expenses not covered by direct program revenues are covered by the Town’s general revenues
which consist primarily of taxes and unrestricted State shared revenues. In governmental activities, the functional
revenues of $38 million are 47.3 percent of expenses for fiscal year 2021, up from 43.6 percent a year earlier. As
described earlier, this increase is attributable to higher collections for charges for services and operating grants and
contributions.
As seen on the following graphs, the largest revenue source for the Town’s governmental activities is sales tax
revenues at 43 percent, followed by State shared revenues at 15.4 percent, operating grants and contributions at
14.5 percent, and charges for services at 12.7 percent. The Town’s largest expense category is highways and
streets at 32 percent, followed by general government at 28.1 percent, and public safety at 23.9 percent. This is
consistent with the allocation of expenses in the previous year.
15
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
16
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Business-type Activities
Business-type activities’ net position increased by $8.9 million for fiscal year ended June 30, 2021. This increase is
largely related to higher than projected revenue collections and conservative spending.
Charges for services continued to increase due to continued growth. This correlates with the increases mentioned
previously for single family permits.
Business-type activity expenses increased by $2.5 million or 20.4 percent primarily. All operating expenses were
higher than the prior fiscal year.
The Town’s largest overall business-type activity is the Water Utility with $7.8 million in expenses and $15.1 million
in program revenues during the year. The second largest activity is the Wastewater Utility with $5.3 million in
expenses and $7.9 million in program revenues, followed by the Airport with $1.6 million in expenses and $0.7
million in program revenues.
As seen on the following graph, the largest revenue source for the Town’s business-type activities is capital grants
and contributions at 56.7 percent followed by charges for services revenues at 42.8 percent.
17
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
FINANCIAL ANALYSIS OF THE TOWN’S FUNDS
As noted earlier, the Town uses fund accounting to ensure and demonstrate compliance with finance-related legal
requirements.
Governmental Funds. The focus of the Town’s governmental funds is to provide information on near-term
inflows, outflows, and balances of spendable resources. Such information is useful in assessing the Town’s
financing requirements. In particular, unrestricted fund balance may serve as a useful measure of the Town’s net
resources available for spending at the end of the fiscal year.
The financial performance of the Town as a whole is reflected in its governmental funds. As of June 30, 2021, the
Town’s governmental funds reported a combined fund balance of $113.5 million, of which $67.4 million is
unassigned and undesignated and therefore available for spending at the Town’s discretion.
The General Fund, which is the principal operating fund of the Town, had a fund balance of $71.4 million. Revenues
increased by 26.9 percent and expenditures decreased slightly from the previous year. The primary increases in
revenues were related to sales taxes and intergovernmental revenue. The decrease in expenditures relates to
conservative budgeting in response to the pandemic.
The Transportation Fund had a fund balance of $12.8 million which reflected a decrease of $4.1 million from a year
earlier. Sales tax revenues decreased slightly due to reduced commercial construction activity. Expenditures
increased significantly, as previously mentioned, for planned construction road and drainage projects.
18
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Proprietary funds. The proprietary funds in the financial statements are prepared on the same measurement
focus and accounting basis as the government-wide financial statements, but they provide more detail since each
major enterprise fund is presented discretely. Of the total business-type activities proprietary funds net position of
$115 million, $106.2 million comprised the funds’ net investment in capital assets. $1.1 million is restricted for
capital projects and debt service, and unrestricted net position of $7.7 million. The factors concerning the finances
of these funds, as well as the changes in net position, have been addressed previously in the discussion of the
Town’s business-type activities.
The governmental activities net position increased by $0.7 million with a total net position of $2 million. This
balance is unrestricted for dental and medical benefits.
BUDGETARY HIGHLIGHTS
The Town’s annual adopted budget established the legal level of expenditure control. Budgetary comparison
statements are required for the General Fund and all major special revenue funds. These statements compare the
original budget, the budget as amended throughout the year, and the actual revenues and expenditures.
Budgetary schedules for other governmental funds are also presented in this report as other supplementary
information.
Every year we examine closely our goals and accomplishments during the budget development process. We do this
to make sure that allocations are aligned with need, and that strategies are resulting in the appropriate outcomes.
In fiscal year 2020-2021, the Town took extra care in the preparation of the budget due to COVID 19. All budgets
were adjusted in accordance with known limitations in the wake of the pandemic. Due to projected shortfalls in
sales tax and other revenues, the Town was in a holding pattern on hiring for vacant positions and worked with
Department Heads on reducing their budgets by approximately 5%, while still maintaining focus on providing high
levels of service.
General Fund revenues exceeded conservative budget projections in several key revenue sources like sales taxes,
intergovernmental, and licenses, permits and fees. Departments maintained their conservative use of available
resources. As mentioned previously, the CARES funds, ARPA funds, and conservative budgeting resulted in higher
than budgeted revenue collections. The prudent use of funds as well as higher than expected revenues resulted in
an increase in fund balance of $25.2 million. The General Fund budget and actual variances are shown on page 40.
Amendments to the adopted budget may occur throughout the year between departments within the General Fund
and between funds in all other funds in a legally permissible manner (see Note 3 – Budgetary Control). Budget
adjustments between departments in the General Fund did occur. However, none of the amendments were
significant.
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets. As of June 30, 2021 the Town had invested $445.6 million in governmental and business-type
capital assets (net of accumulated depreciation). Total depreciation expense for the year was $26.3 million, with
$21.3 million attributed to governmental activities and $5 million to business-type activities.
The following schedule presents capital asset balances for the fiscal years ended June 30, 2021 and June 30, 2020.
Additional information on the Town’s capital assets can be found in Note 5.
19
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Governmental Activities
Business-type Activities
Total
As of As of
As of As of
As of As of
June 30, 2021 June 30, 2020
June 30,
2021
June 30,
2020
June 30, 2020 June 30, 2020
Land $ 9,478,747 $ 8,277,460
$ 4,167,618 $ 4,626,609
$ 13,646,365 $ 12,904,069
Water rights
-
-
4,262,697 4,155,666
4,262,697
4,155,666
Construction in
progress
6,153,645
14,963,310
19,290,665
10,112,355
25,444,310
25,075,665
Buildings and
improvements
65,945,662
65,557,261
153,410,834
147,233,893
219,356,496
212,791,154
Machinery and
equipment
26,199,233
25,621,255
3,920,889
3,628,280
30,120,122
29,249,535
Infrastructure
455,182,556
430,158,240
-
-
455,182,556
430,158,240
Less:
Accumulated
depreciation
(261,472,912)
(240,800,662)
(40,935,382)
(35,949,513)
(302,408,294)
(276,750,175)
Total
$301,486,931
$303,776,864
$144,117,321
$133,807,290
$445,604,252
$437,584,154
Major capital asset events during the current fiscal year included the following:
• Completion of the reconstruction of Avra Valley Road for $2.7 million.
• Completion of the construction of the Adonis Subdivision Drainage Improvement for $1.7 million.
• Construction of the extension of Adonis Road completed for $5.2 million.
• Restoration of the Camino de Oeste Road for $1.5 million.
• Design and construction of the Airline/Lambert water treatment campus (construction in progress as of
the close of the fiscal year had reached $7.9 million).
• Design and construction of the Picture Rocks water treatment campus (construction in progress as of
the close of the fiscal year had reached $7.9 million).
• Design and construction of the Tangerine X-Zone Booster & PRV Station (construction in progress as of
the close of the fiscal year had reached $1.3 million).
• Completion of the Adonis Sewer Connection for $1.3 million.
Debt Administration. At year-end, the Town had $112.7 million in long-term debt obligations outstanding with
$7.3 million due within one year.
The Town had new debt adding $12.4 million. The Town also had reductions of $7.9 million during the current fiscal
year due to regularly scheduled principal payments and premium amortizations. This resulted in an overall increase
to debt of $4.5 million.
The following table presents a summary of the Town’s outstanding debt for the fiscal years ended June 30, 2021
and June 30, 2020. Additional information on the Town’s long-term obligations can be found in Note 6.
20
TOWN OF MARANA, ARIZONA
MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A)
YEAR ENDED JUNE 30, 2021
Governmental Activities Business-type Activities Total
2021 2020 2021 2020 2021 2020
General
obligation bonds $17,800,000 $14,215,000 $ -$-$ 17,800,000 $ 14,215,000
Revenue bonds 41,970,000 45,000,000 19,780,000 19,780,000 61,750,000 64,780,000
Revenue bonds
–Direct
Placements 3,331,000 4,027,000 390,000 576,000 3,721,000 4,603,000
Special
assessment
bonds 7,529,000 9,552,000 - - 7,529,000 9,552,000
Loan payable - - 16,776,531 9,560,823 16,776,531 9,560,823
Deferred bond
premium 4,766,981 5,116,387 311,494 331,182 5,078,475 5,447,569
Total $75,396,981 $77,910,387 $37,258,025 $30,248,005 $112,655,006 $108,158,392
ECONOMIC FACTORS AND NEXT YEAR’S BUDGET
While the effects of the pandemic still linger, we are now slowly emerging from the initial disruption caused by the
pandemic. Due to multiple factors, including sound budgeting practices, receiving $5.6 million from the CARES Act,
as well as an additional $16.4 million from the American Rescue Plan, individual stimulus checks to citizens,
accelerated housing development, the lifting of restrictions on local businesses, and stronger-than-anticipated retail
sales projections, the Town is optimistic in its fiscal and financial position as we enter fiscal year 2021-22.
The 2021-22 budget increased by $9.6 million or 6.4%. Revenues and other financing sources for the fiscal year
2021-2022 budget are $127.8 million. The financial plan assumes that $31.1 million in fund balance/equity will be
used to complete previously funded projects and other onetime expenditures approved by council. The budget is
structurally balanced with ongoing revenues supporting ongoing program expenditures. The budget document is
the comprehensive decision making tool resulting from the annual budget process. The budget is a long-range plan
by which financial policy is implemented and controlled.
CONTACTING THE TOWN’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, taxpayers, and investors and creditors with a general
overview of the Town’s finances and to demonstrate the Town’s accountability for the resources it receives. If you
have questions about this report or need additional information, contact the Finance Department, Town of Marana,
Arizona at 11555 West Civic Center Drive, Marana, Arizona 85653, or visit www.MaranaAZ.gov.
21
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22
BASIC FINANCIAL STATEMENTS
23
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24
GOVERNMENT-WIDE FINANCIAL STATEMENTS
25
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26
The notes to the financial statements are an integral part of this statement.
TOWN OF MARANA, ARIZONA
STATEMENT OF NET POSITION
JUNE 30, 2021
Governmental
Activities
Business-type
Activities Total
ASSETS
Current assets:
Cash and cash equivalents 97,461,362$ 16,651,013$ 114,112,375$
Property taxes receivable 15,016 - 15,016
Accounts receivable 1,701,401 1,821,620 3,523,021
Interest receivable 106,570 - 106,570
Due from other governments 14,046,580 147,957 14,194,537
Internal balances 658,665 (658,665) -
Inventories 65,724 - 65,724
Prepaid items 260,045 49,532 309,577
Total current assets 114,315,363 18,011,457 132,326,820
Noncurrent assets:
Accounts receivable 5,868,000 - 5,868,000
Restricted cash and investments 6,299,679 1,128,549 7,428,228
Advances 5,116,494 (5,116,494) -
Capital assets not depreciated 15,632,392 27,720,980 43,353,372
Capital assets (net of depreciation)285,854,539 116,396,341 402,250,880
Total noncurrent assets 318,771,104 140,129,376 458,900,480
Total assets 433,086,467 158,140,833 591,227,300
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to pensions 10,931,378 567,075 11,498,453
Deferred charge on refunding 1,307,614 - 1,307,614
Total deferred outflows of resources 12,238,992 567,075 12,806,067
LIABILITIES
Current liabilities:
Accounts payable 5,655,253 884,414 6,539,667
Retainage payable 945,595 693,737 1,639,332
Accrued payroll and employee benefits 1,237,811 105,010 1,342,821
Unearned revenue 380,978 - 380,978
Deposits held for others 302,453 1,011,164 1,313,617
Due to other government 75,701 236,076 311,777
Claims payable 286,362 - 286,362
Accrued interest payable 1,437,692 588,116 2,025,808
Compensated absences 1,301,668 121,803 1,423,471
Loan payable - 934,937 934,937
General obligation bonds - CFD 600,000 - 600,000
Special assessment bonds - TFRID 1,661,000 - 1,661,000
Revenue bonds 3,865,000 193,000 4,058,000
Total current liabilities 17,749,513 4,768,257 22,517,770
Noncurrent liabilities:
Compensated absences 144,629 13,532 158,161
Net pension liablity 44,206,334 2,596,199 46,802,533
Due to other government - 232,500 232,500
Loan payable - 15,841,594 15,841,594
General obligation bonds - CFD 18,155,652 - 18,155,652
Special assessment bonds - TFRID 5,868,000 - 5,868,000
Revenue bonds 45,247,329 20,288,494 65,535,823
Total non-current liabilities 113,621,944 38,972,319 152,594,263
Total liabilities 131,371,457 43,740,576 175,112,033
DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 467,204 - 467,204
Total deferred inflows of resources 467,204 - 467,204
NET POSITION
Net investment in capital assets 243,691,969 106,165,559 349,857,528
Restricted for:
Capital projects 13,073,371 160,596 13,233,967
Debt service - 967,953 967,953
General government 3,609,557 - 3,609,557
Public safety 1,023,762 - 1,023,762
Highways and streets 3,866,688 - 3,866,688
Economic and community development 101,152 - 101,152
Unrestricted 48,120,299 7,673,224 55,793,523 Total net position 313,486,798$ 114,967,332$ 428,454,130$
27
Program Revenues
Functions/Programs Expenses
Charges for
Services
Operating
Grants and
Contributions
Capital Grants
and
Contributions
Primary Government
Governmental activities:
General government 22,578,082$ 5,651,193$ 8,693,427$ 43,509$
Public safety 19,223,164 91,019 3,885,125 -
Highways and streets 25,728,785 33,922 1,827,337 7,900,246
Health and welfare 460,865 86,169 1,126 -
Economic and community
development 4,158,387 6,626,421 56,084 2,404,120
Culture and recreation 5,861,170 178,952 2,075 492,002
Interest on long-term debt 2,346,385 - - -
Total governmental activities 80,356,838 12,667,676 14,465,174 10,839,877
Business-type activities:
Water 7,795,647 7,372,659 - 7,710,039
Wastewater 5,345,902 2,364,535 - 5,505,996
Airport 1,645,801 420,389 - 245,809
Total business-type activities 14,787,350 10,157,583 - 13,461,844 Total primary government 95,144,188$ 22,825,259$ 14,465,174$ 24,301,721$
General revenues:
Taxes:
Sales taxes
Property taxes
Franchise taxes
State shared revenues, unrestricted
Investment income
Miscellaneous
Transfers
Total general revenues and transfers
Changes in net position
Net position, beginning of year
Net position, end of year
The notes to the financial statements are an integral part of this statement.
TOWN OF MARANA, ARIZONA
STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2021
28
Net (Expense) Revenue and Changes in Net Position
Governmental
Activities
Business-type
Activities Totals
(8,189,953)$ -$ (8,189,953)$
(15,247,020) - (15,247,020)
(15,967,280) - (15,967,280)
(373,570) - (373,570)
4,928,238 - 4,928,238
(5,188,141) - (5,188,141)
(2,346,385) - (2,346,385)
(42,384,111) - (42,384,111)
- 7,287,051 7,287,051
- 2,524,629 2,524,629
- (979,603) (979,603)
- 8,832,077 8,832,077
(42,384,111) 8,832,077 (33,552,034)
42,846,634 - 42,846,634
1,420,127 - 1,420,127
584,762 - 584,762
15,371,517 - 15,371,517
484,181 4,158 488,339
1,002,901 122,960 1,125,861
4,589 (4,589) -
61,714,711 122,529 61,837,240
19,330,600 8,954,606 28,285,206
294,156,198 106,012,726 400,168,924
313,486,798$ 114,967,332$ 428,454,130$
29
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30
FUND FINANCIAL STATEMENTS
31
General Fund
Highway User
Revenue
Other Special
Revenue Fund
ASSETS
Cash and cash equivalents 56,757,159$ 4,703,627$ 910,318$
Property taxes receivable - - -
Accounts receivable 288,862 - -
Special assessments receivable - - -
Interest receivable 29,819 - -
Development agreement receivable - - -
Due from other funds 1,639,375 - -
Due from other governments 12,458,770 364,397 285,978
Inventories 65,724 - -
Prepaid items 247,244 - 6,127
Advances 2,716,494 - -
Restricted cash and investments - - -
Total assets 74,203,447$ 5,068,024$ 1,202,423$
LIABILITIES
Accounts payable 970,031$ 1,201,336$ 138,415$
Retainage payable - 113,036 -
Accrued payroll and employee benefits 1,182,794 - 37,342
Due to other funds - - -
Due to other governments 75,701 - -
Deposits held for others 240,053 - -
Unearned revenue 378,074 - 2,904
Total liabilities 2,846,653 1,314,372 178,661
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - 34,759
Total deferred inflows of resources - - 34,759
FUND BALANCES (DEFICITS)
Nonspendable 3,029,462 - 6,127
Restricted - 3,753,652 982,876
Committed - - -
Unassigned 68,327,332 - -
Total fund balances (deficits)71,356,794 3,753,652 989,003
Total liabilities, deferred inflows of
resources, and fund balances (deficits) 74,203,447$ 5,068,024$ 1,202,423$
TOWN OF MARANA, ARIZONA
BALANCE SHEET - GOVERNMENTAL FUNDS
JUNE 30, 2021
The notes to the financial statements are an integral part of this statement.
32
Tangerine Farms
Improvement
District Debt
Service Transportation
Non-Major
Governmental
Funds
Total
Governmental
Funds
519,241$ 12,535,630$ 19,500,511$ 94,926,486$
- - 15,016 15,016
- - 1,467 290,329
7,217,240 - - 7,217,240
- 67,067 9,684 106,570
- - 61,832 61,832
- - - 1,639,375
- 699,224 238,211 14,046,580
- - - 65,724
- - 6,674 260,045
- 2,400,000 - 5,116,494
- 330,740 5,968,939 6,299,679
7,736,481$ 16,032,661$ 25,802,334$ 130,045,370$
-$ 2,518,765$ 563,225$ 5,391,772$
- 737,131 95,428 945,595
- - 4,404 1,224,540
- - 980,710 980,710
- - - 75,701
- - 62,400 302,453
- - - 380,978
- 3,255,896 1,706,167 9,301,749
7,217,240 - 12,298 7,264,297
7,217,240 - 12,298 7,264,297
- - 6,674 3,042,263
519,241 330,740 23,521,052 29,107,561
- 12,446,025 1,524,534 13,970,559
- - (968,391) 67,358,941
519,241 12,776,765 24,083,869 113,479,324
7,736,481$ 16,032,661$ 25,802,334$ 130,045,370$
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34
Total governmental fund balances 113,479,324$
Amounts reported for governmental activities in the Statement of Net
Position are different because:
Capital assets used in governmental activities are not financial resources
and, therefore, are not reported in the governmental funds:
Governmental capital assets 562,959,843$
Less accumulated depreciation (261,472,912) 301,486,931
Long-term liabilities, such as net pension liabilities and bonds payable, are
not due and payable in the current period and, therefore, are not reported
in the governmental funds:
Compensated absences (1,446,297)
Revenue bonds payable (45,301,000)
General obligation bonds payable (17,800,000)
Special assessment bonds (7,529,000)
Net pension liability (44,206,334)
Accrued interest payable (1,437,692) (117,720,323)
Internal Service Funds are used by management to charge the costs of
health and dental services. The assets and liabilities of the Internal
Service Fund are included in governmental activities in the Statement of
Net Position.1,971,762
Deferred items related to the issuance of bonds and resources related to
pensions are applicable to future reporting periods and, therefore, are not
reported in the funds.
Bond premium (4,766,981)
Deferred charge on refunding 1,307,614
Deferred inflows related to pensions (467,204)
Deferred outflows related to pensions 10,931,378 7,004,807
Other long-term assets are not available to pay for current period
expenditures and, therefore, are reported as unavailable revenue in the funds.
Intergovernmental revenue 47,057
Special assessments revenue 7,217,240 7,264,297
Net position of governmental activities 313,486,798$
The notes to the financial statements are an integral part of this statement.
TOWN OF MARANA, ARIZONA
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION
JUNE 30, 2021
35
General Fund
Highway User
Revenue
Other Special
Revenue Fund
Revenues:
Sales taxes 34,001,109$ -$ -$
Property taxes - - -
Intergovernmental 23,559,040 3,956,482 3,930,857
Licenses, fees & permits 7,248,433 324,246 -
Fines, forfeitures & penalties 436,491 - 16,200
Charges for services 541,107 - -
Lease income 158,998 - -
Special assessments - - -
Contributions 12,636 - -
Investment income 476,106 603 5,468
Miscellaneous 641,286 - -
Total revenues 67,075,206 4,281,331 3,952,525
Expenditures:
Current -
General government 12,238,056 - 8,211
Public safety 15,375,855 - 1,591,019
Highways and streets 2,685,862 3,471,325 -
Health and welfare 350,436 - -
Economic and community development 4,205,306 - -
Culture and recreation 4,182,708 - -
Capital outlay 1,096,887 231,274 -
Debt service -
Principal retirement - - -
Interest and fiscal charges - - -
Bond issuance costs - - -
Total expenditures 40,135,110 3,702,599 1,599,230
Excess (deficiency) of revenues over
expenditures 26,940,096 578,732 2,353,295
Other financing sources (uses):
Issuance of debt - - -
Premium on bonds issued - - -
Proceeds from sale of capital assets 131,810 - -
Transfers in 2,480,555 - 378
Transfers out (4,306,521) - (2,480,555)
Total other financing sources (uses)(1,694,156) - (2,480,177)
Changes in fund balances 25,245,940 578,732 (126,882)
Fund balances (deficits), beginning of year 46,110,854 3,174,920 1,115,885
Fund balances (deficits), end of year 71,356,794$ 3,753,652$ 989,003$
TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2021
The notes to the financial statements are an integral part of this statement.
36
Tangerine Farms
Improvement
District Debt
Service Transportation
Non-Major
Governmental
Funds
Total
Governmental
Funds
-$ 7,378,783$ 1,466,742$ 42,846,634$
- - 1,420,127 1,420,127
- - 80,248 31,526,627
- - 3,176,790 10,749,469
- - 42,969 495,660
- - - 541,107
- - - 158,998
2,297,832 - - 2,297,832
- 6,257 47,372 66,265
- - 2,004 484,181
- - 1,928 643,214
2,297,832 7,385,040 6,238,180 91,230,114
- 1,325,700 844,073 14,416,040
- - - 16,966,874
- - 64,885 6,222,072
- - - 350,436
- - 334,523 4,539,829
- - 42,570 4,225,278
- 9,439,498 6,328,922 17,096,581
2,023,000 - 4,296,000 6,319,000
184,838 - 2,725,219 2,910,057
- - 216,360 216,360
2,207,838 10,765,198 14,852,552 73,262,527
89,994 (3,380,158) (8,614,372) 17,967,587
- - 4,155,000 4,155,000
- - 114,985 114,985
- - - 131,810
- - 5,990,918 8,471,851
- (693,655) (986,531) (8,467,262)
- (693,655) 9,274,372 4,406,384
89,994 (4,073,813) 660,000 22,373,971
429,247 16,850,578 23,423,869 91,105,353
519,241$ 12,776,765$ 24,083,869$ 113,479,324$
37
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38
Net changes in fund balances - total governmental funds 22,373,971$
Amounts reported for governmental activities in the Statement of Activities
are different because
Governmental funds report the portion of capital outlay for capitalized assets
as expenditures. However, in the Statement of Activities, the costs of those
assets are allocated over their estimated useful lives depreciation
expense.
Expenditures for capitalized assets 13,592,638$
Less current year depreciation (21,340,820) (7,748,182)
Debt proceeds provide current financial resources to governmental funds, but
issuing debt increases long-term liabilities in the Statement of Net Position.
Repayment of debt principal is an expenditure in the governmental funds, but
the repayment reduces long-term liabilities in the Statement of Net Position.
Debt issued (4,155,000)
Premium on bonds (114,985)
Special assessment bond retirement 2,023,000
General obligation bond retirement 570,000
Revenue bond principal retirement 3,726,000 2,049,015
Contributions of infrastructure assets are not recorded as revenues
in the governmental funds.5,467,986
Some revenues and expenses reported in the Statement of Activities do not
require the use of current financial resources and therefore are not reported
as revenues or expenditures in governmental funds.
Accrued interest 40,152
Intergovernmental revenue (64,226)
Special assessments (2,129,145)
Compensated absences (877)
Asset transfer from enterprise fund (1,247)
Gain on sale of assets (8,490)
Amortization of bond premium 464,391
Amortization of deferred charges (147,896) (1,847,338)
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 3,997,622
Pension revenue 27,043
Pension expense (5,715,066) (1,690,401)
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.725,549
Change in net position in governmental activities 19,330,600$
The notes to the financial statements are an integral part of this statement.
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, 2021
39
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 - BUDGET AND ACTUAL - GENERAL FUND
YEAR ENDED JUNE 30, 2021
Budgeted Amounts
Original Final Actual
Revenues:
Sales taxes 24,389,464$ 24,389,464$ 34,001,109$ 9,611,645$
Intergovernmental 13,435,743 13,435,743 23,559,040 10,123,297
Licenses, fees & permits 4,453,112 4,453,112 7,248,433 2,795,321
Fines, forfeitures & penalties 408,500 408,500 436,491 27,991
Charges for services 545,000 545,000 541,107 (3,893)
Lease income 145,000 145,000 158,998 13,998
Contributions 37,100 37,100 12,636 (24,464)
Investment income 610,000 610,000 476,106 (133,894)
Miscellaneous 512,471 512,471 641,286 128,815
Total revenues 44,536,390 44,536,390 67,075,206 22,538,816
Expenditures:
General government:
General government 13,621,843 13,328,843 1,965,613 11,363,230
Town council 350,244 350,244 317,314 32,930
Town clerk 497,112 497,112 452,184 44,928
Town manager 1,466,235 1,494,235 1,493,673 562
Human resources 850,605 850,605 768,253 82,352
Facilities 1,232,912 1,232,912 1,201,197 31,715
Finance 1,486,885 1,486,885 1,375,345 111,540
Legal 994,826 994,826 917,581 77,245
Technology services 3,040,575 3,040,575 2,658,240 382,335
Municipal courts 1,102,740 1,102,740 1,088,656 14,084
Total general government 24,643,977 24,378,977 12,238,056 12,140,921
Public Safety:
Police 14,123,519 14,373,519 14,372,579 940
Building safety 1,011,172 1,010,633 990,492 20,141
Code Enforcement 24,400 24,400 12,784 11,616
Total public safety 15,159,091 15,408,552 15,375,855 32,697
Highways and streets 2,826,984 2,827,200 2,685,862 141,338
Health and welfare 382,925 362,425 350,436 11,989
Economic and community development:
Development services 3,189,318 3,228,754 3,228,311 443
Economic development and tourism 238,458 240,458 199,894 40,564
Community development 756,673 777,173 777,101 72
Total economic and community development 4,184,449 4,246,385 4,205,306 41,079
Culture and recreation 4,723,832 4,723,832 4,182,708 541,124
Capital outlay 2,195,191 2,169,078 1,096,887 1,072,191
Total expenditures 54,116,449 54,116,449 40,135,110 13,981,339
Excess (deficiency) of revenues over
expenditures (9,580,059) (9,580,059) 26,940,096 36,520,155
Other financing sources (uses):
Proceeds from the sale of capital assets 100,000 100,000 131,810 31,810
Transfers in 5,628,966 5,628,966 2,480,555 (3,148,411)
Transfers out (4,514,884) (4,514,884) (4,306,521) 208,363
Total other financing sources (uses)1,214,082 1,214,082 (1,694,156) (2,908,238)
Changes in fund balances (8,365,977) (8,365,977) 25,245,940 33,611,917
Fund balances, beginning of year - - 46,110,854 46,110,854
Fund balances, end of year (8,365,977)$ (8,365,977)$ 71,356,794$ 79,722,771$
Variance -
Positive
(Negative)
40
The notes to the financial statements are an integral part of this statement.
Budgeted Amounts
Original Final Actual
Variance -
Positive
(Negative)
Revenues:
Intergovernmental 3,276,296$ 3,276,296$ 3,956,482$ 680,186$
Licenses, fees & permits - - 324,246 324,246
Investment income 5,000 5,000 603 (4,397)
Total revenues 3,281,296 3,281,296 4,281,331 1,000,035
Expenditures:
Current -
Highways and streets 3,868,500 3,895,824 3,471,325 424,499
Capital outlay 298,155 270,831 231,274 39,557
Total expenditures 4,166,655 4,166,655 3,702,599 464,056
Change in fund balance (885,359) (885,359) 578,732 1,464,091
Fund balances, beginning of year - - 3,174,920 3,174,920
Fund balances, end of year (885,359)$ (885,359)$ 3,753,652$ 4,639,011$
TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - HIGHWAY USER REVENUE FUND
YEAR ENDED JUNE 30, 2021
41
Budgeted Amounts
Original Final Actual
Variance -
Positive
(Negative)
Revenues:
Intergovernmental 8,457,612$ 8,457,612$ 3,930,857$ (4,526,755)$
Fines, forfeitures & penalties 10,000 10,000 16,200 6,200
Investment income 7,500 7,500 5,468 (2,032)
Miscellaneous 10,000 10,000 - (10,000)
Total revenues 8,485,112 8,485,112 3,952,525 (4,532,587)
Expenditures:
Current -
General government 7,390,000 7,352,939 8,211 7,344,728
Public safety 1,567,726 1,604,787 1,591,019 13,768
Total expenditures 8,957,726 8,957,726 1,599,230 7,358,496
Excess (deficiency) of revenues over
expenditures (472,614) (472,614) 2,353,295 2,825,909
Other financing sources (uses):
Transfer in 100,000 100,000 378 (99,622)
Transfer out (5,628,966) (5,628,966) (2,480,555) 3,148,411
Total other financing sources
(uses)(5,528,966) (5,528,966) (2,480,177) 3,048,789
Change in fund balance (6,001,580) (6,001,580) (126,882) 5,874,698
Fund balances, beginning of year - - 1,115,885 1,115,885
Fund balances, end of year (6,001,580)$ (6,001,580)$ 989,003$ 6,990,583$
TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - OTHER SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2021
42
TOWN OF MARANA, ARIZONA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
JUNE 30, 2021
Business-type Activities
Governmental
Activities
Water Wastewater Airport
Total Enterprise
Funds
Internal
Service Funds
ASSETS
Current assets:
Cash and cash equivalents 9,981,957$ 6,578,956$ 90,100$ 16,651,013$ 2,534,876$
Accounts receivable 1,323,308 424,086 74,226 1,821,620 -
Due from governments 94,798 - 53,159 147,957 -
Prepaid items 49,532 - - 49,532 -
Total current assets 11,449,595 7,003,042 217,485 18,670,122 2,534,876
Noncurrent assets:
Restricted cash 724,015 404,534 - 1,128,549 -
Capital assets not depreciated 23,551,420 2,928,207 1,241,353 27,720,980 -
Capital assets (net of depreciation)36,137,595 62,775,715 17,483,031 116,396,341 -
Total noncurrent assets 60,413,030 66,108,456 18,724,384 145,245,870 -
Total assets 71,862,625 73,111,498 18,941,869 163,915,992 2,534,876
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to pensions 424,347 90,842 51,886 567,075 -
Total deferred outflows of resources 424,347 90,842 51,886 567,075 -
LIABILITIES
Current liabilities:
Accounts payable 824,613 50,146 9,655 884,414 263,481
Retainage payable 693,737 - - 693,737 -
Accrued payroll and employee benefits 77,628 18,448 8,934 105,010 13,271
Claims payable - - - - 286,362
Compensated absences 92,182 22,888 6,733 121,803 -
Due to other funds - 250,000 408,665 658,665 -
Deposits held for others 1,011,164 - - 1,011,164 -
Due to other governments 236,076 - - 236,076 -
Bonds payable - current 193,000 - - 193,000 -
Loan payable - current 890,612 44,325 - 934,937 -
Interest payable 174,427 413,689 - 588,116 -
Total current liabilities 4,193,439 799,496 433,987 5,426,922 563,114
Noncurrent liabilities:
Advances - 5,116,494 - 5,116,494 -
Compensated absences 10,242 2,542 748 13,532 -
Due to other governments - 232,500 - 232,500
Bonds payable 197,000 20,091,494 - 20,288,494 -
Loan payable 15,012,168 829,426 - 15,841,594 -
Net pension liability 2,020,603 325,336 250,260 2,596,199 -
Total non-current liabilities 17,240,013 26,597,792 251,008 44,088,813 -
Total liabilities 21,433,452 27,397,288 684,995 49,515,735 563,114
NET POSITION
Net investment in capital assets 42,702,498 44,738,677 18,724,384 106,165,559 -
Restricted for capital projects 160,596 - - 160,596 -
Restricted for debt service 563,419 404,534 - 967,953 -
Unrestricted 7,427,007 661,841 (415,624) 7,673,224 1,971,762
Total net position 50,853,520$ 45,805,052$ 18,308,760$ 114,967,332$ 1,971,762$
The notes to the financial statements are an integral part of this statement.
43
TOWN OF MARANA, ARIZONA
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2021
Business-type Activities
Governmental
Activities
Water Wastewater Airport
Total Enterprise
Funds
Internal Service
Funds
Operating revenues:
Licenses, fees & permits 371,224$ 152,263$ -$ 523,487$ -$
Charges for services 7,001,435 2,212,272 420,389 9,634,096 5,041,997
Miscellaneous 120,309 - 2,651 122,960 -
Total operating revenues 7,492,968 2,364,535 423,040 10,280,543 5,041,997
Operating expenses:
Personnel costs 2,270,989 577,130 305,322 3,153,441 -
Contractual services 450,188 920,321 116,083 1,486,592 896,607
Commodities 1,861,709 679,802 19,646 2,561,157 -
Other 1,428,182 135,939 46,671 1,610,792 3,419,841
Depreciation expense 1,563,813 2,231,327 1,156,832 4,951,972 -
Total operating expenses 7,574,881 4,544,519 1,644,554 13,763,954 4,316,448
Operating income (loss)(81,913) (2,179,984) (1,221,514) (3,483,411) 725,549
Nonoperating revenues (expenses):
Contributions 147,054 158,500 - 305,554 -
Investment income 3,296 862 - 4,158 -
Interest expense (126,672) (801,383) - (928,055) -
Gain (loss) on disposal of capital assets (94,094) - (1,247) (95,341) -
Total nonoperating revenues (expenses)(70,416) (642,021) (1,247) (713,684) -
Net income (loss) before contributions
and transfers (152,329) (2,822,005) (1,222,761) (4,197,095) 725,549
Development fees 4,260,112 3,011,986 - 7,272,098 -
Capital contributions 3,302,873 2,335,510 245,809 5,884,192 -
Transfers in 1,476,231 404,504 325,145 2,205,880 -
Transfers out (1,307,486) (902,983) - (2,210,469) -
Changes in net position 7,579,401 2,027,012 (651,807) 8,954,606 725,549
Net position, beginning of year 43,274,119 43,778,040 18,960,567 106,012,726 1,246,213
Net position, end of year 50,853,520$ 45,805,052$ 18,308,760$ 114,967,332$ 1,971,762$
The notes to the financial statements are an integral part of this statement.
44
Business-type Activities
Governmental
Activities
Water Wastewater Airport
Total Enterprise
Funds
Internal Service
Funds
Cash flows from operating activities:
Received from customers 7,082,138$ 2,186,373$ 521,910$ 9,790,421$ 5,041,997$
Payments to suppliers for goods and services (5,267,000) (1,619,257) (234,755) (7,121,012) (4,207,036)
Payments to employees for services (2,200,512) (541,246) (300,229) (3,041,987) -
Other receipts/payments 120,309 152,263 463,916 736,488 817
Net cash provided by (used for) operating activities (265,065) 178,133 450,842 363,910 835,778
Cash flows from non-capital activities:
Interfund borrowing - (145,450) (1,231,724) (1,377,174) -
Contributions 147,054 158,500 - 305,554 -
Transfers in 1,476,231 404,504 325,145 2,205,880 -
Transfers out (1,307,486) (902,983) - (2,210,469) -
Net cash provided by (used for) non-capital activities 315,799 (485,429) (906,579) (1,076,209) -
Cash flows from capital activities and related financing
activities:
Capital grants received 3,219,972 606,214 245,809 4,071,995 -
Development fees received 4,260,112 2,853,486 - 7,113,598 -
Loan proceeds 7,261,963 828,246 - 8,090,209 -
Principal payments (1,030,790) (29,711) - (1,060,501) -
Interest paid on debt (18,147) (811,916) - (830,063) -
Proceeds from sale of capital assets - - 458,991 458,991 -
Acquisition and construction of capital assets (10,231,335) (505,154) (158,963) (10,895,452) -
Net cash provided by (used for) capital activities 3,461,775 2,941,165 545,837 6,948,777 -
Cash flows from investing activities:
Interest on investments 3,296 862 - 4,158 -
Net cash provided by investing activities 3,296 862 - 4,158 -
Net increase (decrease) in cash and cash equivalents 3,515,805 2,634,731 90,100 6,240,636 835,778
Cash and cash equivalents, beginning of year 7,190,167 4,348,759 - 11,538,926 1,699,098
Cash and cash equivalents, end of year 10,705,972$ 6,983,490$ 90,100$ 17,779,562$ 2,534,876$
Reconciliation of operating income (loss) to net cash provided
by (used for) operating activities:
Operating (loss)(81,913)$ (2,179,984)$ (1,221,514)$ (3,483,411)$ 725,549$
Adjustments to reconcile operating income (loss) to net cash
provided by (used for) operating activities:
Depreciation 1,563,813 2,231,327 1,156,832 4,951,972 -
Changes in assets and liabilities:
(Increase) decrease in accounts receivable (531,869) (25,899) 103,699 (454,069) -
Decrease in due from other governments - - 461,265 461,265 -
Decrease in prepaid items 41,263 - - 41,263 -
(Increase) in deferred outflows of resources related to pensions (241,310) (54,393) (29,250) (324,953)
Increase (decrease) in accounts payable (1,526,921) (115,695) (52,355) (1,694,971) 68,799
Increase in claims payable - - - - 40,613
Increase in accrued payroll 16,451 3,641 1,011 21,103 817
Increase (decrease) in compensated absences payable 465 3,728 (11,219) (7,026) -
(Decrease) in accrued liabilities - - (2,178) (2,178) -
Increase in deposits held for others 209,220 - - 209,220 -
Increase (decrease) in due to other governments (9,135) 232,500 - 223,365 -
Increase in net pension liability 405,560 88,290 57,455 551,305 -
(Decrease) in deferred inflows of resources related to pensions (110,689) (5,382) (12,904) (128,975) -
Net cash provided (used) by operating activities (265,065)$ 178,133$ 450,842$ 363,910$ 835,778$
Noncash investing, capital and financing activities:
Capital contributions 2,864,305 2,098,010 - 4,962,315 -
Transfer out to governmental capital asset - - (1,247) (1,247)
Amortization of bond premium - (19,688) - (19,688) -
Loss on disposal of capital assets (94,094) - (1,247) (95,341) -
Reconciliation of cash and cash equivalents to the statement
of net position:
Cash and cash equivalents 9,981,957$ 6,578,956$ 90,100$ 16,651,013$ 2,534,876$
Restricted cash 724,015 404,534 - 1,128,549 -
Total cash and cash equivalents 10,705,972$ 6,983,490$ 90,100$ 17,779,562$ 2,534,876$
TOWN OF MARANA, ARIZONA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2021
The notes to the financial statements are an integral part of this statement.
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46
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the Town have been prepared in conformity with accounting principles
generally accepted in the United States of America as applied to governments. The Governmental
Accounting Standards Board (GASB) is the accepted standard-setting body for establishing government
accounting and financial reporting principles.
A. Reporting Entity
The Town of Marana, Arizona (the Town) was incorporated on March 21, 1977, under the provisions of the
Constitution of Arizona and the Arizona Revised Statutes. The Town operates under a separately elected
council-mayor form of government. All funds and entities related to the Town that are controlled by the
Mayor and Council are included in the annual financial report. Control is determined on the basis of
budget adoption, taxing authority, and the ability to significantly influence operations and accountability for
fiscal matters. The Town provides a full range of services including general government, development and
planning services, legal, public safety, public works, and parks and recreation services.
In accordance with generally accepted accounting principles, these financial statements present the Town
and its component units, the Gladden Farms Community Facilities District (GFCFD), Gladden Farms
Community Facilities District II (GFCFD II), the Saguaro Springs Community Facilities District (SSCFD) and
the Tangerine Farms Road Improvement District (TFRID). The GFCFD, GFCFD II, SSCFD and TFRID are
blended component units with the Town in these financial statements as all four were established by the
Town in order to fund the debt incurred to finance the purchase of various public infrastructure within the
districts.
The GFCFD, GFCFD II, SSCFD and TFRID component units each have a June 30 year-end and are included
in the Gladden Farms Capital Projects and Debt Service Funds, the Saguaro Springs Capital Projects and
Debt Service Funds, the Tangerine Farms Improvement District Debt Service Fund, and the Other Capital
Projects Funds, respectively. Separate financial statements are prepared for the community facilities
districts. Separate financial statements of the TFRID are not prepared on a stand-alone basis.
B. Basis of Presentation
The basic financial statements include both government-wide statements and fund-based financial
statements. The government-wide statements focus on the Town as a whole, while the fund-based
statements focus on major funds. Each presentation provides valuable information that can be analyzed
and compared between years and between governments to enhance the usefulness of the information.
Government-wide Financial Statements
The government-wide financial statements (i.e. the statement of net position and the statement of
activities) present financial information about the Town as a whole. The reported information includes all
of the activities of the Town and its component units. For the most part, the effect of internal activity
has been removed from these statements.
These statements are to distinguish between the governmental and business-type activities of the Town.
Governmental activities normally are supported by taxes and intergovernmental revenues, and are
reported separately from business-type activities, which are financed in whole or part by fees charged to
external parties.
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TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
The statement of activities demonstrates the degree to which the direct expenses of a given function of
the Town’s governmental activities or segment of its business-type activities are offset by program
revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. The
Town does not currently have an indirect cost allocation system. However, the General Fund does allocate
administrative charges to the Enterprise funds to support general services used by those funds (like
purchasing, accounting, administration, etc.) These fees are included in the expense column on the
Statement of Activities. Program revenues include 1) charges to customers or applicants who purchase,
use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2)
grants and contributions that are restricted to meeting the operational or capital requirements of a
particular function or segment. Taxes, investment income, and other items not included among program
revenues are reported instead as general revenues.
Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating
revenues and expenses result from providing services and producing and delivering goods in connection
with a proprietary fund’s principal ongoing operations. The principal operating revenues of the Water
Utility, Wastewater Utility, and Airport funds are charges to customers for sales and services. Operating
expenses for enterprise funds include the cost of sales and services, administrative expenses, and
depreciation of capital assets. All revenues and expenses not meeting this definition are reported as non-
operating revenues and expenses.
Generally, the effect of interfund activity has been eliminated from the government-wide financial
statements to minimize the double counting of internal activities. However, charges for interfund services
provided and used are not eliminated if doing so would distort the direct costs and program revenues
reported by the departments concerned.
Fund Financial Statements
Fund statements provide information about the Town’s funds, including blended component units.
Separate statements are presented for the governmental and proprietary fund categories. The emphasis
of fund financial statements is on major governmental and enterprise funds, each displayed in a separate
column. All remaining governmental funds are aggregated and reported as non-major funds.
The Town reports the following major governmental funds:
General Fund – This fund is the general operating fund of the Town. It is used to account for all
financial resources, except those required to be accounted for in another fund.
Highway User Revenue Fund – This fund accounts for excise fuel taxes which are distributed to cities
and towns based on a formula. A constitutional restriction requires that these funds be used solely for
street and highway purposes.
Other Special Revenue Fund – This fund includes all other grant related programs and projects.
Tangerine Farms Improvement District Debt Service Fund – This fund accounts for the accumulation of
resources and payment of principal and interest on the Tangerine Farms Road Improvement District
Special Assessment Bonds.
Transportation Fund – This fund accounts for the financing and construction of transportation capacity
improvement projects.
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TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
The Town reports the following major proprietary funds:
Water Fund – This fund is used to account for the financing and operation of the Water Utility.
Wastewater Fund – This fund is used to account for the financing and operation of the Wastewater
Utility.
Airport Fund – This fund is used to account for the financing and operation of the Marana Airport.
Additionally, the Town reports the following fund types:
Internal service fund – This fund is used to account for the operating revenues and charges for health
and dental benefits.
C. Measurement Focus and Basis of Accounting
The government-wide and proprietary fund financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting. Revenues are recorded when earned, including
unbilled water services which are accrued, and expenses are recorded when a liability is incurred,
regardless of the timing of related cash flows. Grants and similar items are recognized as revenue as soon
all eligibility requirements imposed by the grantor or provider have been met.
Governmental fund financial statements are reported using the current financial resources measurement
focus and the modified accrual basis of accounting.
Revenues are recognized as soon as they are both measurable and available. Revenues are considered to
be available when they are collectible within the current period or soon thereafter to pay liabilities of the
current period. For this purpose, the Town considers revenues to be available if they are collected within
60 days of the end of the current fiscal period.
Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Debt service
resources are provided during the current year for payment of long-term debt principal and interest due
early in the following year. Compensated absences are recorded only when payment is due. General
capital asset acquisitions are reported as expenditures in governmental funds. Issuances of general long-
term debt and acquisitions under capital lease agreements are reported as other financing sources.
Sales taxes, licenses and permits, charges for services, and investment income associated with the current
fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of
the current fiscal period. Grants and similar awards are recognized as revenue as soon as all eligibility
requirements imposed by the grantor or provider have been met. Miscellaneous revenue is not susceptible
to accrual because generally they are not measurable until received in cash.
Property taxes are levied by community facility districts, which are component units of the Town and
collected by the Pima County Treasurer and special assessment property taxes are levied and collected by
the Town. All property taxes are levied no later than the third Monday in August and are payable in two
installments due October 1 of the current year and March 1 of the subsequent year. Taxes become
delinquent after the first business day of November and May, respectively. Interest attaches on
installments after the delinquent date. Pursuant to ARS, a lien against assessed real and personal property
attaches on the first day of January preceding assessment and levy; however according to case law, an
49
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
enforceable legal claim to the asset does not arise.
Tangerine Farms Road Improvement District (a component unit) issued special assessment bonds for
infrastructure improvements. These bonds will be paid through assessments made to the property owners
within the Tangerine Farms Road Improvement District. The Town is responsible for the collection of the
assessments and the disbursement of funds to retire the bonds. If a delinquency on an assessment
occurs, the Town is required to cover the delinquency with other resources until foreclosure proceeds are
received.
D. Cash and Cash Equivalents
For the purposes of the statement of cash flows, the Town considers all highly liquid investments
(including the funds' participation in the investment pool account, and appropriate restricted assets) to be
cash equivalents. Individual fund investments with a maturity of three months or less when purchased are
considered as cash equivalents.
E. Investments
Arizona Revised Statutes authorize the Town to invest public monies in the State Treasurer’s Local
Government Investment Pool, interest-bearing savings accounts, certificates of deposit, and repurchase
agreements in eligible depositories; bonds or other obligations of the U.S. government that are guaranteed
as to principal and interest by the U.S. government; and bonds of the State of Arizona counties, cities,
towns, school districts, and special districts as specified by statue.
The State Board of Investment provides oversight for the State Treasurer’s pools. The fair value of a
participant’s position in the pool approximates the value of that participant’s pool shares
Nonparticipating interest-earning investment contracts are stated at cost. Money market investments and
participating interest contracts with a remaining maturity of one year or less at time of purchase are stated
at amortized cost. All investments are stated at fair value.
F. Postemployment Benefits
For purposes of measuring the net pension (asset and) liability, deferred outflows of resources and
deferred inflows of resources related to pensions, and pension expense, information about the pension
plans’ fiduciary net position and additions to/deductions from the plans’ fiduciary net position have been
determined on the same basis as they are reported by the plans. For this purpose, benefit payments
(including refunds of employee contributions) are recognized when due and payable in accordance with
the benefit terms. Investments are reported at fair value. ASRS, EORP, CORP, and PSPRS net OPEB
assets/liabilities or related deferrals have not been recorded, or further disclosed, at June 30, 2021 in
accordance with GASB 75, due to the relative insignificance to the Town’s financial statements.
G. Restricted Assets
The trust indentures executed for the entire bond series issued require all cash and investments for each
bond series to be held on deposit by the trustee/fiscal agents. These assets are restricted for payment of
interest and trustee fees associated with the bond issues, retirement of principal balances, and to finance
various capital projects.
50
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
In addition, the State of Arizona required that assets obtained at the completion of criminal proceedings by
the Town's police department be given to Pima County for custodial purposes. These assets are restricted
for expenses that will enhance the Town's ability to conduct police investigations.
H. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as
prepaid items in both the government-wide and fund financial statements. Prepaid items are recorded as
expenses when consumed in the government-wide financial statements. Prepaid items are recorded as
expenditures when purchased in the fund financial statements and are offset by a reserve of fund balance.
I. Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end
of the fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund
loans) or “advances to/from other funds” (i.e., the non-current portion of interfund loans). All trade and
other receivables are shown net of an allowance for uncollectible amounts.
J. Interfund Activity
Flows of cash from one fund to another without a requirement for repayment are reported as interfund
transfers. Interfund transfers between governmental funds are eliminated in the Statement of Activities.
Interfund transfers in the fund statements are reported as other financing sources/uses in governmental
funds and after non-operating revenues/expenses in proprietary funds.
K. Capital Assets
Capital assets, including public domain infrastructure such as roads, bridges, curbs and sidewalks, lighting
system, water distribution system and other assets that are immovable and of value to the Town, are
defined as assets with an initial individual cost of $5,000 or more and an estimated useful life of more than
one year. Such assets are recorded at actual cost or historical cost (or estimated historical cost if historical
records are not available). Donated capital assets are reported at acquisition value. Capital assets are
reported in the applicable governmental or business-type activities columns in the government-wide
financial statements. No long-term assets or depreciation are shown in the governmental funds financial
statements.
The Town has chosen not to apply the modified approach to any network, system, or subsystem of
infrastructure assets.
The cost of normal maintenance and repairs that do not significantly add to the value of the asset or
materially extend the life of the asset are not capitalized. Major improvements are capitalized and
depreciated over the remaining useful life of the related capital assets.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Depreciation is provided over the estimated useful lives of such assets using the straight-line method.
These estimated useful lives are as follows:
51
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Years
Buildings 15-40
Building improvements 10-15
Pump stations, distribution systems,
equipment and improvements 20-75
Public domain infrastructure 20-50
Machinery, equipment, and assets
under capital lease 5-10
L. Long-term Obligations
In the government-wide financial statements and proprietary fund types in the fund financial statements,
long-term debt and other long-term obligations are reported as liabilities in the applicable business-type
activities and proprietary fund type statement of net position. Bond related charges and credits, such as
premium discounts and issuance costs, are deferred and amortized over the life of the bonds using the
straight-line method.
In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well
as bond issuance costs, during the current period. The face amount of debt issued is reported as other
financing sources. Premiums received on debt issuances are reported as other financing sources while
discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld
from the actual debt proceeds received, are reported as debt service expenditures in the period incurred.
M. Compensated Absences
The Town's employee vacation, managed time off, and sick leave policies generally provide for granting
vacation and sick leave with pay.
Vacation leave vests with the employee as it is earned. Employees may accumulate up to 240 hours of
vacation depending on years of service. The current and long-term liabilities for accumulated vacation,
including related benefits, are reported on the government-wide financial statements. A liability for these
amounts is reported in governmental funds only if they have matured, for example, as a result of
employee leave, resignations, and retirements.
Managed time off and sick leave benefits provided for necessary rest and relaxation, attendance at
commitments outside of work, and ordinary sick pay are not vested with the employees. Generally,
resources from the General Fund are used to pay for compensated absences.
N. Transactions Between Funds
Transactions that would be treated as revenue or expenses if they involved organizations external to the
governmental unit are accounted for as revenue or expenses in the funds involved. Transactions which
constitute reimbursements of a fund for expenses initially made from that fund which are properly
applicable to another fund are recorded as expenses in the reimbursing fund and as reductions of the
expense in the fund that is reimbursed.
Interfund transfers between governmental funds are eliminated in the Statement of Activities. Interfund
transfers in the fund statements are reported as other financing sources/uses in governmental funds and
after non-operating revenues/expenses in proprietary funds.
52
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
O. Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles
accepted in the United States of America requires management to make estimates and assumptions. This
will affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the
date of the financial statements, and the reported amounts of revenues and expenses during the reporting
period. Actual results could differ from these estimates.
P. Seized Property
The Town Police have in their custody certain assets seized in criminal proceedings. Until formal
procedures have been finalized, the ownership of this property is not determinable. In addition, legal
requirements dictate that such assets not be reflected on the Town's financial records in an agency
capacity until Town ownership has been determined. Consequently, no such assets are recorded on these
financial statements.
Q. Deferred Outflows/Inflows of Resources
The statement of net position and balance sheet include separate sections for deferred outflows of
resources and deferred inflows of resources. Deferred outflows of resources represent a consumption of
net position that applies to future periods that will be recognized as an expense or expenditure in future
periods. Deferred inflows of resources represent an acquisition of net position or fund balance that applies
to future periods and will be recognized as revenue in future periods.
R. Flow Assumption
Sometimes the government will fund outlays for a particular purpose from both restricted and unrestricted
resources (the total of committed, assigned, and unassigned fund balance).
In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund
balance in the governmental fund financial statements a flow assumption must be made about the order in
which the resources are considered to be applied. When both restricted and unrestricted resources are
available for use, it is the Town's policy to use restricted resources first, then unrestricted resources as
they are needed. Additionally, the Town funds certain programs by a combination of grants and general
revenues. The Town applies grant resources to such programs before using general revenues.
NOTE 2 – FUND BALANCE CLASSIFICATIONS
In the fund financial statements, fund balance is reported in classifications that comprise a hierarchy based
on the extent to which the Town is bound to honor constraints on the specific purposes for which amounts
in those funds can be spent. The classifications of fund balance are Nonspendable, Restricted, Committed,
Assigned, and Unassigned. Nonspendable and Restricted fund balances represent the restricted
classifications and Committed, Assigned, and Unassigned represent the unrestricted classifications.
Committed fund balance can be used only for specific purposes determined by formal action of Town
Council. Town Council is the highest level of decision-making authority for the town. Commitments may be
established, modified, or rescinded only through resolutions approved by Town Council.
53
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Nonspendable Fund Balance consists of funds that are not in a spendable form, such as inventories and
prepaids, or can be legally or contractually required to be maintained intact.
Restricted Fund Balance consists of funds that are externally imposed by creditors, grantors, contributors,
law or regulations of other governments, or by law imposed through constitutional provisions or enabling
legislation. Committed Fund Balance consists of funds that can only be used for specific purposes
pursuant to constraints imposed by formal action of the Town’s highest level of decision-making authority.
Assigned Fund Balance consists of funds constrained by the Town’s intent to be used for specific purposes,
but are neither restricted nor committed, should be reported as assigned fund balance. This classification
of fund balance must be designated by the Town’s highest level of decision making authority or a Town
official that has been delegated the authority to assign funds. Unassigned Fund Balance consists of the
residual classification for the general fund. This classification represents fund balance that has not been
assigned to other funds and that has not been restricted, committed, or assigned to specific purposes
within the general fund. The General Fund is the only fund that can report a positive unassigned fund
balance and any other governmental fund can report a negative fund balance. When both restricted and
unrestricted resources are available for specific expenditures, restricted resources are considered spent
before unrestricted resources.
As of June 30, 2021, the fund balance details by classification are listed below:
General
Fund
Highway
User
Revenue
Other
Special
Revenue
Fund
Tangerine
Farms
Improvement
District Debt
Service
Transportation
Fund
Non-Major
Governmental
Funds
Fund Balances:
Nonspendable:
Inventories $ 65,724 $ - $ - $ - $ - $ -
Prepaid
expenditures 247,244 - 6,127 - - 6,674
Long-term due
from other funds 2,716,494 - - - - -
Restricted:
Courts - - - - - 894,969
Tourism
promotion - - - - - 2,693,282
Police - - 982,876 - - -
Highways and
streets - 3,753,652 - - - -
Housing
programs - - - - - 101,152
Capital projects - - - - 330,740 13,849,293
Debt service - - - 519,241 - 5,982,356
Committed:
Capital projects - - - - 12,446,025 1,524,534
Unassigned: 68,327,332 - - - - (968,391)
Total fund
balances: $71,326,794 $3,753,652 $989,003 $ 519,241 $12,776,765 $ 24,083,869
54
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
NOTE 3 - BUDGETARY CONTROL
Excess Expenditures Over Budget – At June 30, 2021, the Town had expenditures in funds that
exceeded the budget; however, this does not constitute a violation of any legal provisions.
The voters of the State of Arizona, on June 30, 1980, approved an expenditure limitation that is applicable
to all local governments. This limitation, based on expenditures of the 1979-80 fiscal year, restricts the
growth of expenditures based on a factor of increases in population and inflation. Certain expenditures are
held to be excludable. The limitation is set by the State Economic Estimates Commission prior to April 1 of
each year for the following fiscal year. As allowed, the voters of the Town of Marana, on August 4, 2020,
approved an alternative expenditure limitation - home rule option to be applicable to the Town. This
alternative expenditure limitation is free from any ties to the state imposed limitations and is in effect for
four consecutive years beginning with the fiscal year ended June 30, 2021. This limitation provides for the
Town to allow the Mayor and Council to adopt an annual expenditure limitation each year with no
expenditures held to be excludable. Therefore, the annual expenditure limitation equals the adopted
budget.
The Town establishes its fiscal year as the twelve-month period beginning July 1. The departments submit
to the Town manager a budget of estimated expenditures for the ensuing fiscal year. The Town manager
and each department head meet to discuss mutually acceptable changes for the estimated expenditures
for that department after which the Town manager subsequently submits a budget of estimated
expenditures and revenues to the Town Council.
Upon receipt of the budget estimates, the Town Council will hold a public meeting to obtain taxpayer
comments. Concurrently, a copy of the budget estimates is published in a local newspaper. The Town
Council is prevented from legally enacting the budget through passage of a resolution until 15 days have
passed after the date of the public meeting. Prior to July 1, the budget is legally enacted.
The Town Council formally adopts the budget and legally allocates the available monies for the General
Fund, the Highway User Revenue Fund, the Community Development Block Grant Fund, the Affordable
Housing Revolving Fund, the Local JCEF Fund, the Local Technology Enhancement Fund, the Fill the Gap
Fund, the Bed Tax Fund, the RICO Fund, the Impound Fund, the Other Grants and Contributions Fund, the
Series 2013 Debt Fund, the Series 2014 Debt Fund, the 2017 Debt Fund, the Gladden Farms CFD Debt
Fund, the Gladden Farms II CFD Debt Fund, the Saguaro Springs CFD Debt Fund, the Tangerine Farms
Improvement District Debt Fund, the Transportation Fund, the Downtown Reinvestment Fund, the Impact
Fee Funds, the Other Capital Projects Funds, the Regional Transportation Authority Fund, the Pima
Association of Governments Fund, the Gladden Farms CFD Capital Fund, the Gladden Farms II CFD Capital
Fund, and the Saguaro Springs CFD Capital Fund. The enterprise funds, Water Utility, Wastewater Utility
and Airport, are subject to flexible budgets.
The Town manager is authorized to transfer budgeted amounts within any department in the General Fund
or between funds for any other fund; however, any revisions that reallocate budgeted amounts between
departments within the General Fund or from the budget line items labeled "contingency" must be
approved by the Town Council.
NOTE 4 - CASH AND INVESTMENTS
A.R.S and the Town’s investment policy authorize investments in the State Treasurer’s local government
investment pools, the County Treasurer’s investment pool, interest-bearing savings accounts, certificates of
55
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
deposit, and repurchase agreements in eligible depositories; commercial paper rated in the highest tier by
a NRSRO; and bonds or other obligations of the U.S. government that are guaranteed as to principal and
interest by the U.S. government. The statutes do not include any requirements for credit risk, custodial
credit risk, concentration of credit risk, interest rate risk, or foreign currency risk for the Town’s
investments. The State Board of Investment provides oversight for the State Treasurer’s pools.
At June 30, 2021, the carrying amount of the Town’s deposits was $57,640,963 and the bank balance was
$57,754,042. The differences between the book and bank balances are due to timing of certain
transactions like deposits in transit and outstanding checks.
Of the bank balance, $2,089,663 was covered by Federal depository insurance and $56,777,667 was
covered by collateral held by the pledging financial institution’s trust department but not in the Town’s
name; no portion of the balance was uninsured and uncollateralized. The Town had $4,475 in petty cash
funds, change drawers and other related items at year end. Additionally, the Town’s share of RICO funds
were held in a fiduciary capacity by Pima County with deposits of $635,595. The Town’s Police Department
may only use these funds for specific law enforcement activity.
At June 30, 2021, the Town’s investments, categorized within the fair value hierarchy established by
generally accepted accounting principles, were as follows:
Fair value measurement using
Investment by fair value level Amount
Quoted prices in
active markets for
identical assets
(Level 1)
Significant other
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
Federal Home Loan Mortgage Corp $ 6,701,830 $ -$ 6,701,830 $ -
Federal National Mortgage Assoc 4,225,940 -4,225,940 -
Federal Home Loan Banks 4,817,192 -4,817,192 -
Corporate Bonds 2,063,769 2,063,769
U.S. Treasuries 11,790,722 11,790,722 - -
Total investments by fair value level $ 11,790,722 $ 17,808,731 $ -
External investment pools measured at fair value
State Treasurer’s investment pool 5 13,662,287
State Treasurer’s investment pool 7 1,944,134
Total investments measured at fair value 45,205,874
Investments measured at amortized costs
Money market investments 18,053,696
Total investments measured at amortized
costs 18,053,696
Total investments $63,259,570
Investments categorized as Level 1 are valued using prices quoted in active markets for those investments.
Investments categorized as Level 2 are valued using market-corroborated inputs by evaluating issues with
its best-known market maker. Investments in the State Treasurer’s investment pools are valued at the
pool’s share price multiplied by the number of shares the Town held. The fair value of a participant’s
position in the pools approximates the value of that participant’s pool shares. The State Board of
Investment provides oversight for the State Treasurer’s investment pools.
56
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Interest Rate Risk. Statutes require that public monies invested in securities and deposits have a
maximum maturity of 5 years. The maximum maturity for investments in repurchase agreements is 180
days. In order to limit interest and market rate risk, the Town’s investment policy sets a maximum maturity
on any investment of 3 years. The weighted average maturity (WAM) at June 30, 2021 for Town
investments was 461 days. The State Treasurer’s investment policy sets a maximum WAM for pools 5 and
7 not to exceed 90 days.
Credit Risk. As of June 30, 2021, the Town’s investment in the State Treasurer’s investment pool 5 and
pool 7 are specifically limited to those securities that carry the full faith and credit of the United States
Government. The net asset value per share of both pools at June 30, 2021 was $1.00. Pool 5 has
continued to maintain the highest credit rating of AAA f/S1+ by Standard & Poor’s. Pool 7 invests in
securities backed by the U.S. Government and has an AAA weighted average rating. The Town’s
investments in U.S. Agencies were rated AA+ by Standard & Poor’s and Aaa by Moodys. The Arizona State
Treasurer has a publicly available financial report that includes financial statements and required
supplementary information. Copies may be obtained by contacting the Arizona State Treasurer, 1700 West
Washington, Phoenix, AZ 85007 or at www.aztreasury.gov. Corporate bonds were rated as follows:
Standard & Poor’s Rating
AA- AA AA+ Total
Corporate Bonds $ 1,027,308 $ 517,587 $ 518,874 $ 2,063,769
Custodial Credit Risk. To control custodial credit risk, State law and the Town’s investment policy requires
all securities and collateral to be held by an independent third party custodian in the Town’s name. The
custodian provides the Town with monthly safekeeping statements. Statutes require collateral for deposits
at 102 percent of all deposits federal depository insurance does not cover.
The Town’s investment in the State Treasurer’s investment pool represents a proportionate interest in the
pool’s portfolio; however, the Town’s portion is not identified with specific investments and is not subject
to custodial credit risk.
Concentration of Credit Risk. The Town places no limit on the amount it may invest in any one issuer.
More than 5% of the Town’s investments are in U.S. Agencies. These investments are 18.6% of the
Town’s total investments.
At June 30, 2021, the Town had the following investment in debt securities:
Investment maturities
Investment Type Amount
Less than 1
Year
1-5 Years
Money market investments $ 18,053,696 $ 18,053,696 $ -
State Treasurer’s Investment Pool 5 13,662,287 13,662,287
State Treasurer’s Investment Pool 7 1,944,134 1,944,134
Federal Home Loan Mortgage Corp 6,701,830 -6,701,830
Federal National Mortgage Assoc 4,225,940 2,193,003 2,032,937
Federal Home Loan Banks 4,817,192 2,320,054 2,497,138
Corporate Bonds 2,063,769 -2,063,769
U.S. Treasuries 11,790,722 2,279,258 9,511,464
Total investments $ 63,259,570 $ 40,452,432 $ 22,807,138
57
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
NOTE 5 - CAPITAL ASSETS
The following is a summary of the changes in capital assets for fiscal year ended June 30, 2021:
Governmental Activities
Beginning
Balance Additions Deletions
Ending
Balance
Capital assets, not being depreciated:
Land $ 8,277,460 $ 1,201,287 $ - $ 9,478,747
Construction in progress 14,963,310 11,870,971 (20,680,636) 6,153,645
Total capital assets, not being depreciated 23,240,770 13,072,258 (20,680,636) 15,632,392
Capital assets, being depreciated:
Buildings and improvements 65,557,261 388,401 - 65,945,662
Machinery, equipment, and other assets 25,621,255 1,182,018 (604,040) 26,199,233
Infrastructure 430,158,240 25,024,316 - 455,182,556
Total capital assets being depreciated 521,336,756 26,594,735 (604,040) 547,327,451
Less accumulated depreciation for:
Buildings and improvements (22,034,517) (1,922,892) - (23,957,409)
Machinery, equipment, and other assets (16,599,335) (1,592,975) 594,308 (17,598,002)
Infrastructure (202,166,810) (17,750,691) - (219,917,501)
Total accumulated depreciation (240,800,662) (21,266,558) 594,308 (261,472,912)
Total capital assets, being depreciated, net 280,536,094 5,328,177 (9,732) 285,854,539
Governmental activities capital assets, net $303,776,864 $18,400,435 $(20,690,368) $301,486,931
Governmental activities depreciation expense was charged to function/programs as follows:
Governmental Activities:
General government $ 912,233
Public safety 1,004,070
Highways and streets 17,275,360
Economic and community development 164,415
Health and Welfare 12,514
Culture and recreation 1,972,228
Total depreciation expense – governmental activities $ 21,340,820
The difference of $74,262 between total increases to accumulated depreciation and total depreciation
expense is due to the inclusion of transfers of capital assets from the business-type activities.
58
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
A summary of changes in capital assets for business-type activities is as follows:
Business-type depreciation expense was charged to functions/programs as follows:
Business-type Activities:
Airport $ 1,156,832
Water 1,563,813
Wastewater 2,231,327
Total depreciation expense – business-type activities $ 4,951,972
The difference of $74,262 between total increases to accumulated depreciation and total depreciation expense
is due to the inclusion of transfers of capital assets from the government-type activities.
NOTE 6 – LONG-TERM LIABILITIES
A. Notes Payable
Business-type activities loans payable consists of five loans from the Water Infrastructure Finance Authority
(WIFA), the proceeds of which were used to acquire and construct various water and wastewater related
infrastructure. The loans are to be repaid in annual principal payments, plus semiannual interest payments,
and a semiannual servicing fee.
During 2010, the Town obtained $5,250,000 in financing from WIFA for the acquisition and construction of
a new water infrastructure. As of year-end, the Town had drawn on $4,690,128 of the loan and returned
$559,872. The interest rate at June 30, 2021 on the outstanding balance is 1.468 percent.
Business-type Activities
Beginning
Balance
Additions Deletions
Ending
Balance
Capital assets, not being depreciated:
Land $ 4,626,609 $ - $ (458,991) $ 4,167,618
Water rights 4,155,666 173,864 (66,833) 4,262,697
Construction in progress 10,112,355 10,550,919 (1,372,609) 19,290,665
Total capital assets, not being depreciated 18,894,630 10,724,783 (1,898,433) 27,720,980
Capital assets, being depreciated:
Buildings, improvements and infrastructure 147,233,893 6,220,405 (43,464) 153,410,834
Machinery, equipment, and other assets 3,628,280 316,772 (24,163) 3,920,889
Total capital assets being depreciated 150,862,173 6,537,177 (67,627) 157,331,723
Less accumulated depreciation for:
Buildings, improvements and infrastructure (34,652,871) (4,524,427) 21,610 (39,155,688)
Machinery, equipment, and other assets (1,296,642) (501,807) 18,755 (1,779,694)
Total accumulated depreciation (35,949,513) (5,026,234) 40,365 (40,935,382)
Total capital assets, being depreciated, net 114,912,660 1,510,943 (27,262) 116,396,341
Business-type activities capital assets, net $133,807,290 $12,235,726 $(1,925,695) $144,117,321
59
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
During 2019, the Town obtained $15,000,000 in financing from WIFA for the design and construction of
two water treatment campuses. As of year-end, the Town has drawn on $14,402,499 of the loan, leaving
$597,501 available for drawdown. The interest rate at June 30, 2021 on the outstanding balance is 2.440
percent.
During 2019, the Town also obtained $1,481,990 in financing from WIFA for the design and construction of
new wastewater infrastructure for the Adonis Mobile Home Park Neighborhood. Fifty percent of the
principal amount is forgivable as the Town applied on behalf of Adonis, a qualified disadvantaged
community. As of year-end, the Town had drawn the entire forgivable portion plus $711,230 of the loan
and returned $29,764. The interest rate at June 30, 2021 on the outstanding balance is 2.508 percent.
During 2020, the Town obtained $1,100,000 in additional financing from WIFA for the two water treatment
campuses. $525,500 of the principal amount is forgivable. As of year-end, the Town has drawn the entire
forgivable portion plus $192,969 of the loan, leaving $381,531 available for drawdown.
During 2020, the Town obtained $475,000 in additional financing from WIFA for the Adonis Mobile Home
Park wastewater infrastructure. Fifty percent of the principal amount is forgivable. As of year-end, the
Town has drawn the entire forgivable portion plus $221,216 of the loan and returned $16,283.
Outstanding
June 30, 2021
$4,690,128 Water Infrastructure Finance Authority loan, due in annual installments of
$201,000 to $312,000; through July 1, 2029; at a 2.968% interest rate.
$ 2,503,250
$15,000,000 Water Infrastructure Finance Authority loan, 2019 Series, due in annual
installments of $590,762 to $933,973; through July 1, 2038; at a 2.440% interest rate.
13,206,561
$711,231 Water Infrastructure Finance Authority loan, Adonis, due in annual
installments of $28,985 to $46,405; through July 1, 2038; at a 2.508% interest rate.
652,535
$574,500 Water Infrastructure Finance Authority loan, 2020 Series, due in annual
installments of $19,187 to $79,662; through July 1, 2040; at a 3.4% interest rate.
192,969
$221,216 Water Infrastructure Finance Authority loan, Adonis 2020, due in annual
installments of $7,932 to $30,452; through July 1, 2040; at a 3.4% interest rate.
221,216
Total $ 16,776,531
The following is a schedule by years of the debt service requirements for the loan as of June 30, 2021.
Fiscal Year
Principal
Interest
Total
2022
$ 934,937
$ 176,292
$ 1,111,229
2023
952,911
200,586
1,153,497
2024
977,332
187,635
1,164,967
2025
1,002,386
174,351
1,176,737
2026 1,028,090 160,725 1,188,815
2027 – 2031
5,161,219
590,591
5,751,810
2032 – 2036 4,396,766 289,110 4,685,876
2037 – 2041 2,322,890 36,865 2,359,755
Totals
$ 16,776,531
$ 1,816,155
$ 18,592,686
60
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
B. Community Facilities District (CFD) General Obligation Bonds
Gladden Farms Community Facilities District (a component unit) issued general obligation bonds for
infrastructure improvements and to refund prior issuances. The refunding issuance resulted in the 2004,
2006, 2007, and 2010 general obligation bond series to be considered defeased and the liability has been
removed from the statement of net position.
During 2019, Saguaro Springs Community Facilities District (a component unit) issued $3,845,000 of Series
2018 general obligation bonds for infrastructure improvements.
During 2020, Saguaro Springs Community Facilities District (a component unit) issued $1,950,000 of Series
2019 general obligation bonds for infrastructure improvements.
Gladden Farms Phase II Community Facilities District (a component unit) issued $1,245,000 of Series 2019
general obligation bonds for infrastructure improvements.
During 2021, Gladden Farms Community Facilities District (a component unit) issued $4,155,000 of Series
2020 general obligation bonds for infrastructure improvements.
These bonds are payable from the property tax collected by each District. The CFD general obligation
bonds outstanding as reported in governmental activities as of June 30, 2021, were as follows:
Outstanding
June 30, 2021
$7,955,000 Gladden Farms CFD General Obligation Bonds, 2016 Series, due in
annual installments of $20,000 to $640,000; through July 15, 2041; at a 2.0% to
4.0% interest rate.
$ 6,865,000
$3,845,000 Saguaro Springs CFD General Obligation Bonds, 2018 Series, due in
annual installments of $100,000 to $235,000; through July 15, 2043; at a 2.0%
to 4.0% interest rate.
3,640,000
$1,245,000 Gladden Farms Phase II CFD General Obligation Bonds, 2019 Series,
due in annual installments of $30,000 to $80,000; through July 15, 2044; at a
3.75% to 4.125% interest rate.
1,245,000
$1,950,000 Saguaro Springs CFD General Obligation Bonds, 2019 Series, due in
annual installments of $55,000 to $340,000; through July 15, 2044; at a 3.0% to
4.0% interest rate.
1,895,000
$4,155,000 Gladden Farms CFD General Obligation Bonds, 2020 Series, due in
annual installments of $100,000 to $405,000; through July 15, 2041; at a
2.375% to 3.0% interest rate. 4,155,000
Total $ 17,800,000
61
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Annual debt service requirements to maturity on the CFD general obligation bonds at June 30, 2021, are
summarized as follows:
Year ending
June 30
Principal
Interest
Total
2022
$ 600,000
$ 605,350
$ 1,205,350
2023
620,000
589,350
1,209,350
2024
635,000
570,175
1,205,175
2025
755,000
548,975
1,303,975
2026
780,000
523,225
1,303,225
2027 – 2031
4,335,000
2,143,631
6,478,631
2032 – 2036
4,375,000
1,260,506
5,635,506
2037 – 2041
3,685,000
630,744
4,315,744
2042 – 2045 2,015,000 121,794 2,136,794
Totals
$ 17,800,000
$ 6,993,750
$ 24,793,750
C. Tangerine Farms Road Improvement District Improvement Bonds
Tangerine Farms Road Improvement District (a component unit) issued special assessment bonds for
infrastructure improvements and to refund prior issuances. These bonds are paid through assessments
made to the property owners within the Tangerine Farms Road Improvement District. The Town is
responsible for the collection of the assessments and the disbursement of funds to retire the bonds. If a
delinquency on an assessment occurs, the Town is required to cover the delinquency with other resources
until foreclosure proceeds are received. The TFRID special assessment bonds outstanding as reported in
governmental activities as of June 30, 2021, were as follows:
Outstanding
June 30, 2021
$14,245,132 TFRID Refunding Bonds, Series 2017, due in annual
installments of $1,618,132 to $1,907,000; through January 1, 2026;
at an interest rate of 1.96%. $ 7,529,000
Annual debt service requirements to maturity on the TFRID special assessment bonds at June 30, 2021,
are summarized as follows:
Year ending
June 30
Principal
Interest
Total
2022
$ 1,661,000
$ 145,000
$ 1,806,000
2023
1,426,000
115,013
1,541,013
2024
1,453,000
87,063
1,540,063
2025
1,481,000
58,584
1,539,584
2026
1,508,000
29,557
1,537,557
Totals
$ 7,529,000
$ 435,217
$ 7,964,217
62
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
D. Revenue Bonds – Public Placement
The Town issued pledged excise tax-revenue and refunding obligation bonds to finance the expansion of
the Marana Wastewater Reclamation Facility and construction of the groundwater Recharge Facility, for
acquiring water systems, wastewater systems, infrastructure upgrades, the design and construction of the
new municipal complex and to refund prior issuances.
These bonds are payable from the excise taxes collected by the Town. The revenue bonds outstanding as
of June 30, 2021, were as follows:
Outstanding June 30, 2021
Governmental
Business-
type
$34,780,000 Pledged Excise Tax Revenue and Revenue Refunding
Obligations, 2013 Series, due in annual installments of $315,000
to $2,570,000; through July 1, 2033; at a 2.0% to 5.0% interest
rate.
$ 25,380,000
$17,215,000 Pledged Excise Tax Revenue Bonds, 2017 Series A,
due in annual installments of $1,920,000 to $2,420,000; through
July 1, 2042; at a 2.0% to 5.0% interest rate.
$ 17,215,000
$19,865,000 Pledged Excise Tax Revenue and Revenue Refunding
Obligations, 2017 Series B, due in annual installments of
$840,000 to $2,580,000; through July 1, 2028; at a 2.0% to
5.0% interest rate.
16,590,000
$2,565,000 Pledged Excise Tax Revenue Bonds, 2017 Series C, due
in annual installments of $30,000 to $1,980,000; through July 1,
2034; at a 2.0% to 5.0% interest rate.
2,565,000
Total $ 41,970,000 $ 19,780,000
Annual debt service requirements to maturity on revenue bonds at June 30, 2021, are summarized as
follows:
Governmental Activities Business-type Activities
Year ending
June 30
Principal Interest Principal Interest
2022
$ 3,150,000 $ 1,961,550 $ - $ 809,069
2023
3,800,000 1,806,800 - 809,069
2024
3,970,000 1,622,250 - 809,069
2025
4,170,000 1,418,750 - 809,069
2026
4,395,000 1,204,625 - 809,069
2027-2031
17,565,000 2,826,075 100,000 4,041,344
2032-2036
4,920,000 377,000 4,540,000 3,747,469
2037-2041 - - 10,390,000 2,001,347
2042-2043
- - 4,750,000 191,800
Totals
$ 41,970,000 $ 11,217,050 $ 19,780,000 $14,027,305
63
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
E. Revenue Bonds – Direct Placement
The Town issued pledged excise tax-revenue and refunding obligation bonds via direct placement to
acquire additional water systems, wastewater systems, infrastructure upgrades, the design and
construction of the new municipal complex and to refund prior issuances.
These bonds are payable from the excise taxes collected by the Town and water utility revenue. The direct
placement revenue bonds outstanding as of June 30, 2021 were as follows:
Outstanding June 30, 2021
Governmental
Business-
type
$6,493,000 Pledged Excise Tax Revenue and Revenue Refunding
Obligations, 2014 Series, due in annual installments of $353,000 to
$735,000; through July 1, 2025; at a 2.55% interest rate.
$ 3,331,000
$1,343,000 Water Utility Revenue Refunding Obligations, 2014 Series, due
in annual installments of $129,000 to $197,000; through July 1, 2022; at
a 2.53% interest rate.
$ 390,000
Total $ 3,331,000 $ 390,000
Annual debt service requirements to maturity on direct placement revenue bonds at June 30, 2021, are
summarized as follows:
Governmental Activities Business-type Activities
Year ending
June 30
Principal Interest Principal Interest
2022
$ 715,000 $ 75,825 $ 193,000 $ 7,426
2023
735,000 57,337 197,000 2,492
2024
609,000 40,201 - -
2025
629,000 24,416 - -
2026
643,000 8,198 - -
Totals
$ 3,331,000 $ 205,977 $ 390,000 $ 9,918
F. Pledged Revenues
The Town has pledged future excise tax revenues to repay $80.9 million in Excise Tax Revenue Bonds
issued in 2013, 2014, and 2017. The various bonds were issued for the expansion of the Marana
Wastewater Reclamation Facility, construction of the groundwater Recharge Facility, construction of the
municipal complex, the acquisition of certain water systems, acquisition of the Marana Wastewater
Reclamation Facility, infrastructure upgrades and to refund prior debt issuances. The Town has also
pledged future excise tax revenues to repay $16.5 million in Water Infrastructure Financing Authority loans
issued in 2019 and 2020. The loans were issued for wastewater improvements in the Adonis neighborhood
and water quality treatment campuses. At year end, $65.1 million in bonds remain outstanding and $14.3
million in loans remain outstanding to be repaid by future excise tax revenues. The net revenues available
for service of this debt were $63.4 million. The debt principal and interest paid on this debt during fiscal
year 2021 was $6.7 million (10.6% of available net pledged revenues).
64
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
In addition, the Town has pledged future water utility revenues to repay $4.7 million in Water
Infrastructure Financing Authority loans and a $1.3 million Revenue Refunding Bond. The loan was issued
for the acquisition of well sites and the construction of certain infrastructure. The bond was issued in 2014
to refund prior debt issuances. At year end, $2.9 million remains outstanding to be repaid by future water
revenues. For the fiscal year ended June 30, 2021, the net revenues available for service of this debt were
$5.7 million. The debt principal and interest paid, including fees, on this debt during fiscal year 2021 was
$515,687.
Under Arizona law, the Town is subject to a debt limit when issuing general obligation bonds for general
municipal purposes not to exceed 6 percent of the full valuation of taxable real property. Also, under
Arizona law, the Town can issue additional general obligation bonds for supplying specific services, such as
water, sewer, lighting, parks and recreational facilities, and transportation, up to an amount not exceeding
20 percent of the full valuation of taxable real property. At June 30, 2021, the total legal debt limit was
$174,478,734. As of June 30, 2021, the total outstanding debt applicable to the limit was zero.
G. Changes in Long-term Liabilities
The following is a summary of changes in long-term liability activity for fiscal year ended June 30, 2021.
Governmental
activities:
Beginning
Balance Additions Reductions
Ending
Balance
Due Within
One Year
General obligation bonds $ 14,215,000 $4,155,000 $ (570,000) $ 17,800,000 $ 600,000
Revenue bonds – Public
Placements 45,000,000 - (3,030,000) 41,970,000 3,150,000
Revenue bonds – Direct
Placements 4,027,000 - (696,000) 3,331,000 715,000
Compensated absences 1,445,420 1,176,763 (1,175,886) 1,446,297 1,301,668
Net pension liability 37,495,904 6,710,430 - 44,206,334 -
Special assessment bonds 9,552,000 - (2,023,000) 7,529,000 1,661,000
Bond premium 5,116,387 114,985 (464,391) 4,766,981 -
Total $116,851,711 $12,157,178 $(7,959,277) $121,049,612 $7,427,668
Business-type
activities:
Loan payable $ 9,560,823 $8,090,210 $ (874,502) $ 16,776,531 $ 934,937
Net pension liability 2,044,894 551,305 - 2,596,199 -
Revenue bonds – Public
Placement 19,780,000 - - 19,780,000 -
Revenue bonds – Direct
Placement 576,000 (186,000) 390,000 193,000
Compensated absences 142,362 106,878 (113,905) 135,335 121,803
Bond premium 331,182 - (19,688) 311,494 -
Total $ 32,435,261 $8,748,393 $(1,194,095) $ 39,989,559 $1,249,740
65
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
NOTE 7 – UNAVAILABLE AND UNEARNED AMOUNTS
Governmental funds report deferred inflows of resources for revenue due and receivable but not
considered to be available to liquidate liabilities of the current period. Governmental funds also defer
revenue recognition in connection with resources that have been received, but not yet earned. At the end
of the current fiscal year, the various components of deferred amounts reported in the governmental funds
were as follows:
Deferred revenue Unavailable Unearned
Program revenues (General Fund) $ - $ 378,074
Intergovernmental (Other Special Revenue Fund) 34,759 2,904
Intergovernmental (Non-Major Governmental Funds) 12,298 -
Special assessments (Tangerine Farms Improvement District
Debt Service Fund)
7,217,240
-
Total deferred amounts for governmental funds $ 7,264,297 $ 380,978
NOTE 8 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS
Due to/from other funds:
At June 30, 2021, several funds were involved in interfund borrowing arrangements with the General Fund
due to insufficient resources available in the funds to cover expenditures. Through the fiscal year 2020-
2021, these interfund borrowing will be eliminated as sufficient resources become available. A portion of
the amount due from the Wastewater Fund, $2,400,000 to the Transportation Fund and $2,716,494 to the
General Fund, is considered long term. Listed below is a summary of the interfund borrowing transactions.
Due From
Enterprise Funds
Due To Non-Major
Governmental
Funds
Wastewater
Fund
Airport Fund
Total
General Fund $ 980,710 $ 2,966,494 $ 408,665 $ 4,355,869
Transportation Fund - 2,400,000 - 2,400,000
Total $ 980,710 $ 5,366,494 $ 408,665 $ 6,755,869
Interfund transfers:
Interfund transfers were made by the Town during the fiscal year to ensure that sufficient resources were
available to cover expenditures in the applicable funds. These were direct transfers between funds and
will not be eliminated as sufficient resources become available in the receiving funds. Specifically, the
General Fund and select Non-Major Governmental funds transferred funds to provide the resources for
debt service payments. The Other Special Revenue Funds transferred funds to the General Fund for the AZ
CARES allocation, which provided resources for public safety purposes. Listed below is a summary of
transfers between funds.
66
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Transfers In
Enterprise Funds
Transfers Out
General
Fund
Other
Special
Revenue
Fund
Non-Major
Governmental
Funds Water Wastewater Airport Total
General Fund $- $378 $2,504,767 $1,476,231 $ - $325,145 $4,306,521
Transportation 693,655 693,655
Other Special
Revenue
Funds 2,480,555 2,480,555
Non-Major
Governmental
Funds 986,531 986,531
Water 902,982 404,504 1,307,486
Wastewater 902,983 902,983
Total $2,480,555 $378 $5,990,918 $1,476,231 $404,504 $325,145 $10,677,731
NOTE 9 - EMPLOYEE RETIREMENT SYSTEMS
All full-time and permanent part-time employees participate in one of four different retirement plans. With
the exception of public safety personnel, police dispatchers and elected officials, all other employees
participate in the Arizona State Retirement System (ASRS). Certified public safety personnel participate in
the Public Safety Retirement Systems (PSPRS). Police dispatch and communication staff participate in the
Corrections Officer Retirement Plan (CORP). The Town’s Mayor and Council Members participate in the
Elected Officials’ Retirement Plan (EORP).
At June 30, 2021, the Town reported the following aggregate amounts related to pensions for all plans to
which it contributes:
Statement of Net Position and
Statement of Activities
Governmental
Activities
Business-Type
Activities
Total
Net pension liability $ 44,206,334 $ 2,596,199 $ 46,802,533
Deferred outflows of resources 10,931,378 567,075 11,498,453
Deferred inflows of resources 467,204 - 467,204
Pension expense 5,715,066 294,242 6,009,308
The Town reported $3,997,622 of pension contributions as expenditures in the governmental funds related
to all pension plans to which it contributes.
67
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
A. Arizona State Retirement System
All full-time and permanent part-time employees not in the Public Safety Retirement System, Corrections
Officers Retirement System or Elected Officials Retirement System are eligible to participate in the Arizona
State Retirement System (ASRS). The ASRS administers a cost sharing multiple-employer defined benefit
plan. The Arizona State Retirement System Board governs the ASRS according to the provisions of A.R.S.
Title 38, Chapter 5, Article 2 and 2.1. ASRS net OPEB liabilities have not been recorded, or further
disclosed at June 30, 2021 in accordance with GASB Statement 75, due to the relative insignificance to the
Town’s financial statements. ASRS issues a publicly available financial report that includes financial
statements and required supplementary information. The report may be obtained on its website at
www.azasrs.gov.
Benefits provided - The ASRS provides retirement, health insurance premium supplement, long-term
disability, and survivor benefits. State statute establishes benefit terms. Retirement benefits are calculated
on the basis of age, average monthly compensation, and service credit as follows:
ASRS Retirement
Initial membership date:
Before July 1, 2011 On or after July 1, 2011
Years of service
and age required
to receive benefit
Sum of years and age equals 80
10 years, age 62
5 years, age 50*
any years, age 65
30 years, age 55
25 years, age 60
10 years, age 62
5 years, age 50*
any years, age 65
Final average
salary is based on
Highest 36 consecutive months
of last 120 months
Highest 60 consecutive
months
of last 120 months
Benefit percent
per year of service
2.1% to 2.3% 2.1% to 2.3%
*With actuarially reduced benefits.
Retirement benefits for members who joined the ASRS prior to September 13, 2013, are subject to
automatic cost-of-living adjustments based on excess investment earning. Members with a membership
date on or after September 13, 2013, are not eligible for cost-of-living adjustments. Survivor benefits are
payable upon a member’s death. For retired members, the retirement benefit option chosen determines
the survivor benefit. For all other members, the beneficiary is entitled to the member’s account balance
that includes the member’s contributions and employer’s contributions, plus interest earned.
Contributions—In accordance with state statutes, annual actuarial valuations determine active member and
employer contribution requirements. The combined active member and employer contribution rates are
expected to finance the costs of benefits employees earn during the year, with an additional amount to
finance any unfunded accrued liability. For the year ended June 30, 2021, statute required active ASRS
members to contribute at the actuarially determined rate of 12.22 percent (12.04 percent for retirement
and 0.18 percent for long-term disability) of the members’ annual covered payroll, and statute required the
Town to contribute at the actuarially determined rate of 12.22 percent (11.65 percent for retirement, 0.39
percent for health insurance premium benefit, and 0.18 percent for long-term disability) of the active
members’ annual covered payroll. In addition, the Town was required by statute to contribute at the
actuarially determined rate of 10.21 percent (10.14 percent for retirement and 0.07 percent for long-term
68
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
disability) of annual covered payroll of retired members who worked for the Town in positions that would
typically be filled by an employee who contributes to the ASRS. The Town’s contributions to the pension
plan for the year ended June 30, 2021, were $1,856,449.
During fiscal year 2021, the Town paid for ASRS pension contributions as follows: 86.66% percent from
the General Fund and 13.34% from enterprise funds.
Pension liability—At June 30, 2021, the Town reported a liability of $24,730,142 for its proportionate share
of the ASRS’ net pension liability. The net pension liability was measured as of June 30, 2020. The total
pension liability used to calculate the net pension liability was determined using update procedures to roll
forward the total pension liability from an actuarial valuation as of June 30, 2019, to the measurement
date of June 30, 2020.
The Town’s proportion of the net pension liability was based on the Town’s actual contributions to the plan
relative to the total of all participating employers’ contributions for the year ended June 30, 2020. The
Town’s proportion measured as of June 30, 2020, was 0.14273 percent, which was an increase of 0.00269
percent from its proportion measured as of June 30, 2019.
Pension expense and deferred outflows/inflows of resources—For the year ended June 30, 2021, the Town
recognized pension expense for ASRS of $2,323,117. At June 30, 2021, the Town reported deferred
outflows of resources and deferred inflows of resources related to pensions from the following sources:
ASRS Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences between expected and actual experience $ 223,727 $ -
Changes of assumptions or other inputs - -
Net difference between projected and actual
earnings on pension plan investments 2,385,251 -
Changes in proportion and differences between
contributions and proportionate share of
contributions 263,805 100,760
Town contributions subsequent to the measurement
date 1,856,449 -
Total $ 4,729,232 $ 100,760
The $1,856,449 reported as deferred outflows of resources related to ASRS pensions resulting from
contributions subsequent to the measurement date will be recognized as a reduction of the net pension
liability in the year ending June 30, 2022. Other amounts reported as deferred outflows of resources and
deferred inflows of resources related to ASRS pensions will be recognized in pension expense as follows:
Year ending June 30,
2022 $ 315,135
2023 856,371
2024 862,771
2025 737,746
Thereafter -
69
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Actuarial Assumptions—The significant actuarial assumptions used to measure the total pension liability are
as follows:
ASRS
Actuarial valuation date June 30, 2019
Actuarial roll forward date June 30, 2020
Actuarial cost method Entry age normal
Investment rate of return 7.5%
Projected salary increases 2.7–7.2%
Inflation 2.3%
Permanent benefit increase Included
Mortality rates 2017 SRA Scale U-MP
Recovery rates 2012 GLDT for long-term disability
Healthcare cost trend rate Not applicable
Actuarial assumptions used in the June 30, 2019, valuation were based on the results of an actuarial
experience study for the 5-year period ended June 30, 2016.
The long-term expected rate of return on ASRS pension plan investments was determined to be 7.5
percent using a building-block method in which best-estimate ranges of expected future real rates of
return (expected returns, net of pension plan investment expense and inflation) are developed for each
major asset class. These ranges are combined to produce the long-term expected rate of return by
weighting the expected future real rates of return by the target asset allocation percentage and by adding
expected inflation. The target allocation and best estimates of geometric real rates of return for each major
asset class are summarized in the following table:
ASRS
Asset Class
Target
Allocation
Long-Term Expected
Geometric Real Rate
of Return
Equity 50% 6.39%
Fixed income - credit 20% 5.44%
Fixed income – interest rate sensitive 10% 0.22%
Real estate 20% 5.85%
Total 100%
Discount Rate—The discount rate used to measure the ASRS total pension liability was 7.5 percent. The
projection of cash flows used to determine the discount rate assumed that contributions from participating
employers will be made based on the actuarially determined rates based on the ASRS Board’s funding
policy, which establishes the contractually required rate under Arizona statute.
Based on those assumptions, the pension plan’s fiduciary net position was projected to be available to
make all projected future benefit payments of current plan members. Therefore, the long-term expected
rate of return on pension plan investments was applied to all periods of projected benefit payments to
determine the total pension liability.
Sensitivity of the Town’s proportionate share of the ASRS net pension liability to changes in the discount
rate—The following table presents the Town’s proportionate share of the net pension liability calculated
using the discount rate of 7.5 percent, as well as what the Town’s proportionate share of the net pension
70
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
liability would be if it were calculated using a discount rate that is 1 percentage point lower (6.5 percent)
or 1 percentage point higher (8.5 percent) than the current rate:
ASRS 1% Decrease
(6.5%)
Current Discount
Rate (7.5%)
1% Increase
(8.5%)
Proportionate share of the net pension liability $33,818,134 $24,730,142 $17,133,048
Pension plan fiduciary net position—Detailed information about the pension plan’s fiduciary net position is
available in the separately issued ASRS financial report.
B. Public Safety Personnel Retirement System and Corrections Officer Retirement Plan
All of the Town's full-time police officers are covered by the Arizona Public Safety Personnel Retirement
System (PSPRS), which is an agent multiple-employer defined benefit plan. PSPRS was established by Title
38, Chapter 5, Article 4 of the Arizona Revised Statutes to provide pension benefits for public safety
personnel who are regularly assigned hazardous duty as employees of the State of Arizona or one of its
political subdivisions. The PSPRS is jointly administered by the Board of Trustees (formerly fund manager)
and participating local boards. The Board of Trustees is a nine-member board appointed by the Governor
and the State Legislature. The Board of Trustees is responsible for establishing contribution rates in
accordance with an actuarial study. Employees who were PSPRS members before July 1, 2017, participate
in the agent plans, and those who became PSPRS members on or after July 1, 2017, participate in the
cost-sharing plans (PSPRS Tier 3 Risk Pool) which are not further disclosed because of their relative
insignificance to the Town’s financial statements.
All full-time and permanent part-time employees employed as police dispatchers or communications
operators are eligible to participate in the Corrections Officers Retirement Plan (CORP), an agent multiple-
employer defined benefit pension plan and an agent multiple-employer defined benefit health insurance
premium benefit (OPEB) plan. The CORP is governed by the PSPRS Board of Trustees and the local
participating local boards according to the provisions of A.R.S. Title 38, Chapter 5, Article 6. PSPRS and
CORP net OPEB liabilities have not been recorded, or further disclosed at June 30, 2021 in accordance with
GASB Statement 75, due to the relative insignificance to the Town’s financial statements.
PSPRS and CORP issue publicly available financial reports that include financial statements and required
supplemental information. This report may be obtained on the PSPRS website at www.psprs.com or by
writing to 3010 E Camelback Rd, Ste 200, Phoenix, AZ 85016 or by calling (602) 255-5575.
Benefits provided—The PSPRS and CORP provide retirement, health insurance premium supplement,
disability, and survivor benefits. State statute establishes benefit terms. Retirement, disability, and survivor
benefits are calculated on the basis of age, average monthly compensation, and service credit as follows:
71
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
PSPRS Initial membership date:
Before January 1, 2012 On or after January 1, 2012 and
before July 1, 2017
Retirement and
Disability
Years of service and
age required to
receive benefit
20 years of service, any age
15 years of service, age 62
25 years of service or 15 years of
credited service, age 52.5
Final average salary
is based on
Highest 36 consecutive
months of last 20 years
Highest 60 consecutive
months of last 20 years
Benefit percent
Normal Retirement 50% less 2.0% for each year of credited
service less than 20 years OR plus 2.0% to
2.5% for each year of credited service
over 20 years, not to exceed 80%
1.5% to 2.5% per year of credited
service, not to exceed 80%
Accidental Disability
Retirement
50% or normal retirement, whichever is greater
Catastrophic
Disability Retirement
90% for the first 60 months then reduced to either 62.5%
or normal retirement, whichever is greater
Ordinary Disability
Retirement
Normal retirement calculated with actual years of credited service or 20 years of
credited service, whichever is greater, multiplied by years of credited service (not
to exceed 20 years) divided by 20
Survivor Benefit
Retired Members 80% to 100% of retired member’s pension benefit
Active Members 80% to 100% of accidental disability retirement benefit or 100% of average
monthly compensation if death was the result of injuries received on the job
*With actuarially reduced benefits
72
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
CORP Initial membership date:
Before January 1, 2012 On or after January 1, 2012 and
before July 1, 2018
Retirement and
Disability
Years of service
and age required
to receive benefit
Sum of years and age equals 80
25 years, any age (dispatchers)
20 years, any age (all others)
10 years, age 62
25 years, age 52.5
10 years, age 62
Final average
salary is based on
Highest 36 consecutive
months of last 10 years
Highest 60 consecutive
months of last 10 years
Benefit percent
Normal
Retirement
2.0% to 2.5% per year of credited
service, not to exceed 80%
2.5% per year of credited service, not to
exceed 80%
Accidental
Disability
Retirement
50% or normal retirement if more
than 20 years of credited service
50% or normal retirement if more than 25
years of credited service
Total and
Permanent
Disability
Retirement
50% or normal retirement if more than 25 years of credited service
Ordinary
Disability
Retirement
2.5% per year of credited service
Survivor Benefit
Retired Members 80% of retired member’s pension benefit
Active Members 40% of average monthly compensation or 100% of average monthly compensation
if death was the result of injuries received on the job. If there is no surviving spouse
or eligible children, the beneficiary is entitled to 2 times the member’s contributions.
Retirement and survivor benefits are subject to automatic cost-of-living adjustments based on inflation.
PSPRS also provides temporary disability benefits of 50 percent of the member’s compensation for up to 12
months.
Health insurance premium benefits are available to retired or disabled members with 5 years of credited
service. The benefits are payable only with respect to allowable health insurance premiums for which the
member is responsible. Benefits range from $100 per month to $260 per month depending on the age of
the member and dependents.
Employees covered by benefit terms—At June 30, 2021, the following employees were covered by the
agent pension plans’ benefit terms:
73
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
PSPRS
CORP
Dispatchers
Inactive employees or beneficiaries currently receiving benefits 34 1
Inactive employees entitled to but not yet receiving benefits 19 2
Active employees 70 6
Total 123 9
Contributions—State statutes establish the pension contribution requirements for active PSPRS and CORP
employees. In accordance with state statutes, annual actuarial valuations determine employer contribution
requirements for PSPRS and CORP pension and health insurance premium benefits. The combined active
member and employer contribution rates are expected to finance the costs of benefits employees earn
during the year, with an additional amount to finance any unfunded accrued liability. Contributions rates
for the year ended June 30, 2021, are indicated below. Rates are a percentage of active members’ annual
covered payroll.
PSPRS
Tier 1
PSPRS
Tier 2
PSPRS
Tier 3
Defined
Contribution
CORP
Dispatchers
Active members—Pension 7.65% 11.65% 9.94% 7.96%
Town
Pension 35.24% 35.24% 9.21% 24.98%
Health insurance premium benefit .25% .25% .14% .46%
Also, the PSPRS Board of Trustees required an additional employer contribution of 21.45 percent for legacy
costs of Tier 1 and 2 amortization of unfunded liabilities on Tier 3 contributions. In addition, statute
required the Town to contribute at the actuarially determined rate of 21.45 percent for the PSPRS of
annual covered payroll of retired members who worked for the Town in positions that an employee who
contributes to the PSPRS would typically fill.
The Town’s contributions to the pension plan and contributions for the health insurance premium benefit
for the year ended June 30, 2021, were:
PSPRS CORP Dispatchers
Pension Contributions $ 2,228,298 $ 91,436
Health Insurance Premium Benefit 17,953 1,684
Total Contributions $ 2,246,251 $ 93,120
During fiscal year 2021, the Town paid for PSPRS and CORP pension contributions as follows: 93%
percent from the General Fund and 7% percent from other funds.
Pension liability—At June 30, 2021, the Town reported the following net pension liabilities:
Net Pension Liability
PSPRS 19,858,620
CORP Dispatchers 1,179,533
Total 21,038,153
74
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
The net pension liabilities were measured as of June 30, 2020, and the total pension liability used to
calculate the net pension liability was determined by an actuarial valuation as of that date.
Pension actuarial assumptions – The significant actuarial assumptions used to measure the total pension
liability are as follows:
PSPRS and CORP—Pension
Actuarial valuation date June 30, 2020
Actuarial cost method Individual entry age normal
Investment rate of return 7.30%
Wage inflation 3.5%
Price Inflation 2.5%
Cost-of-living adjustment 1.75%
Mortality rates PubS-2010 tables
Healthcare cost trend rate Not applicable
Actuarial assumptions used in the June 30, 2020 valuation were based on the results of an actuarial
experience study for the 5-year period ended June 30, 2017.
The long-term expected rate of return on PSPRS and CORP pension plan investments was determined to
be 7.3 percent using a building-block method in which best-estimate ranges of expected future real rates
of return (expected returns, net of pension plan investment expenses and inflation) are developed for each
major asset class.
The target allocation and best estimates of geometric real rates of return for each major asset class are
summarized in the following table:
PSPRS and CORP
Asset Class
Target
Allocation
Long-Term Expected
Geometric Real Rate
of Return
U.S. public equity 23% 4.93%
International public equity 15% 6.09%
Global private equity 18% 8.42%
Other assets (capital appreciation) 7% 5.61%
Core bonds 2% 0.22%
Private credit 22% 5.31%
Diversifying strategies 12% 3.22%
Cash – Mellon 1% -0.60%
Total 100%
Pension discount rates—At June 30, 2020, the discount rate used to measure the PSPRS and CORP total
pension liabilities was 7.3 percent. The projection of cash flows used to determine the PSPRS and CORP
discount rates assumed that plan member contributions will be made at the current contribution rate and
that employer contributions will be made at rates equal to the difference between the actuarially
determined contribution rate and the member rate. Based on those assumptions, the pension plans’
fiduciary net position was projected to be available to make all projected future benefit payments of
current plan members. Therefore, the long-term expected rate of return on pension plan investments was
applied to all periods of projected benefit payments to determine the total pension liability.
75
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Changes in the Net Pension Liability (Asset)
PSPRS Increase (Decrease)
Total
Pension
Liability
(a)
Plan
Fiduciary
Net Position
(b)
Net Pension
Liability
(Asset)
(a) – (b)
Balances at June 30, 2020 $39,756,179 $22,557,297 $17,198,882
Changes for the year:
Service cost 1,130,556 - 1,130,556
Interest on the total pension liability 2,922,105 - 2,922,105
Differences between expected and actual
experience in the measurement of the pension
liability
1,261,412 - 1,261,412
Contributions—employer - 2,024,395 (2,024,395)
Contributions—employee - 467,180 (467,180)
Net investment income - 305,606 (305,606)
Benefit payments, including refunds of employee
contributions
(1,715,812) (1,715,812) -
Pension plan administrative expense - (24,918) 24,918
Net changes 3,598,261 1,056,451 2,541,810
Adjustment to Beginning of Year - (117,928) 117,928
Balances at June 30, 2021 $43,354,440 $23,495,820 $19,858,620
CORP Increase (Decrease)
Total
Pension
Liability
(a)
Plan
Fiduciary
Net
Position
(b)
Net Pension
Liability
(Asset)
(a) – (b)
Balances at June 30, 2020 $2,561,234 $1,580,698 $980,536
Changes for the year:
Service cost 41,671 - 41,671
Interest on the total pension liability 189,052 - 189,052
Changes of benefit terms - -
Differences between expected and actual experience
in the measurement of the pension liability
108,881 - 108,881
Benefit payments, including refunds of employee
contributions
(26,303) (26,303) -
Contributions—employer - 70,986 (70,986)
Contributions—employee - 29,446 (29,446)
Net investment income - 41,793 (41,793)
Pension plan administrative expense - (1,618) 1,618
Net changes 313,301 114,304 198,997
Balances at June 30, 2021 $2,874,535 $1,695,002 $1,179,533
76
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Sensitivity of the Town’s net pension liability to changes in the discount rate—The following table presents
the Town’s net pension liabilities calculated using the discount rates noted above, as well as what the
Town’s net pension liability would be if it were calculated using a discount rate that is 1 percentage point
lower or 1 percentage point higher than the current rate:
Pension plan fiduciary net position—Detailed information about the pension plans’ fiduciary net position is
available in the separately issued PSPRS and CORP financial reports.
Pension expense/(income)—For the year ended June 30, 2021, the Town recognized the following pension
expense/(income):
Pension
Expense/(Income)
PSPRS 3,256,929
CORP Dispatchers 190,298
Pension deferred outflows/inflows of resources—At June 30, 2021, the Town reported deferred outflows of
resources and deferred inflows of resources related to pensions from the following sources:
PSPRS
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences between expected and actual
experience
$ 1,544,207 $ 333,362
Changes of assumptions or other inputs 1,346,750 -
Net difference between projected and
actual earnings on pension plan
investments 1,160,873
-
Town contributions subsequent to the
measurement date 2,228,298
-
Total $ 6,280,128 $ 333,362
1%
Decrease
Current Discount
Rate
1%
Increase
PSPRS
Rate 6.30% 7.30% 8.30%
Net pension liability $26,472,720 $19,858,620 $14,528,998
CORP Dispatchers
Rate 6.30% 7.30% 8.30%
Net pension liability $1,553,986 $1,179,533 $866,863
77
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
CORP
Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences between expected and actual
experience $ 193,924 $ 30,899
Changes of assumptions or other inputs 28,759 1,334
Net difference between projected and
actual earnings on pension plan
investments 69,769 -
Town contributions subsequent to the
measurement date 91,436 -
Total $ 383,888 $ 32,233
The amounts reported as deferred outflows of resources related to pensions resulting from town
contributions subsequent to the measurement date will be recognized as a reduction of the net pension
liability (or an increase in the net pension asset) in the year ending June 30, 2022. Other amounts
reported as deferred outflows of resources and deferred inflows of resources related to pensions will be
recognized in pension expense as follows:
PSPRS
CORP
Dispatchers
Year ending June 30
2022 $958,164 $91,225
2023 938,990 109,327
2024 703,316 44,418
2025 577,489 15,249
2026 360,307 -
Thereafter 180,202 -
C. Elected Officials’ Retirement Plan
The Town’s Mayor and Council Members are eligible to participate in the Elected Officials’ Retirement Plan
(EORP), a multiple employer cost-sharing defined benefit plan. The EORP pension plan was closed to new
members as of January 1, 2014. The EORP is governed by the Public Safety Retirement System Board of
Trustees according to the provisions of A.R.S. Title 38, Chapter 5, Article 3. EORP issues a publicly
available financial report that includes financial statements and required supplementary information. At
the time of issuance, the most recent report for EORP was unavailable. The report may be obtained on
PSPRS’s website at www.psprs.com or by writing to EORP, 3010 E Camelback Rd, Ste 200, Phoenix, AZ
85016 or by calling (602) 255-5575.
Benefits provided—The EORP provides retirement, health insurance premium supplement, disability, and
survivor benefits. State statute establishes benefit terms. Retirement, disability, and survivor benefits are
calculated on the basis of age, average yearly compensation, and service credit as follows:
78
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
EORP Initial membership date:
Before January 1, 2012 On or after January 1, 2012
Retirement and
Disability
Years of service and age
required to receive
benefit
20 years, any age
10 years, age 62
5 years, age 65
5 years, any age*
any years and age if disabled
10 years, age 62
5 years, age 65
any years and age if disabled
Final average salary is
based on
Highest 36 consecutive
months of last 10 years
Highest 60 consecutive
months of last 10 years
Benefit percent
Normal Retirement 4% per year of service,
not to exceed 80%
3% per year of service,
not to exceed 75%
Disability Retirement 80% with 10 or more years of
service
40% with 5 to 10 years of service
20% with less than 5 years of
service
75% with 10 or more years of service
37.5% with 5 to 10 years of service
18.75% with less than 5 years of service
Survivor Benefit
Retired Members 75% of retired member’s benefit 50% of retired member’s benefit
Active Members and
Other Inactive Members
75% of disability retirement benefit 50% of disability retirement benefit
* With reduced benefits of 0.25% for each month early retirement precedes the member’s
normal retirement age, with a maximum reduction of 30%.
Retirement and survivor benefits are subject to automatic cost-of-living adjustments based on inflation. In
addition, the Legislature may enact permanent one-time benefit increases after a Joint Legislative Budget
Committee analysis of the increase’s effects on the plan.
Health insurance premium benefits are available to retired or disabled members with 5 years of credited
service. The benefits are payable only with respect to allowable health insurance premiums for which the
member is responsible. For members with 8 or more years of service, benefits range from $100 per month
to $260 per month depending on the age of the member and dependents. For members with 5 to 7 years
of service, the benefits are the same dollar amounts as above multiplied by a vesting fraction based on
completed years of service.
Contributions—State statutes establish active member and employer contribution requirements. Statute
also appropriates $5 million annually through fiscal year 2043 for the EORP from the State of Arizona to
supplement the normal cost plus an amount to amortize the unfunded accrued liability. For the year ended
June 30, 2021, statute required active EORP members to contribute 7 or 13 percent of the members’
annual covered payroll and the Town to contribute at the actuarially determined rate of 61.43 percent of
all active EORP members’ annual covered payroll. In addition, statue required the Town to contribute
39.72 percent of annual covered payroll of retired members who worked for the Town in positions that an
79
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
employee who contributes to the EORP would typically fill. The Town’s contributions to the pension plan
for the year ended June 30, 2021, was $69,196.
During fiscal year 2021, the Town paid for EORP pension contributions 100 percent from the General Fund.
Pension liability—At June 30, 2021, Town reported a liability for its proportionate share of the EORP’s net
pension liability that reflected a reduction for the Town’s proportionate share of the State’s appropriation
for EORP. The amount the Town recognized as its proportionate share of the net pension liability, the
related state support, and the total portion of the net pension liability that was associated with the Town
were as follows:
Town’s proportionate share of the EORP
net pension liability $ 1,034,238
State’s proportionate share of the EORP net
pension liability associated with the Town 89,765
Total $ 1,124,003
The net pension liability was measured as of June 30, 2020, and the total pension liability used to calculate
the net pension liability was determined by an actuarial valuation as of that date.
The Town’s proportion of the net pension liability was based on the Town’s required contributions to the
pension plan relative to the total of all participating employers’ required contributions for the year ended
June 30, 2020. The Town’s proportion measured as of June 30, 2020, was .1532 percent, which was an
increase of .0049 percent from its proportion measured as of June 30, 2019.
Pension expense/income and deferred outflows/inflows of resources—For the year ended June 30, 2021,
the Town recognized pension income of $27,043 and pension expense of $85,367.
At June 30, 2021, the Town reported deferred outflows of resources and deferred inflows of resources
related to pensions from the following sources:
EORP Deferred Outflows
of Resources
Deferred Inflows
of Resources
Differences between expected and actual experience $ - $ 849
Changes of assumptions or other inputs - -
Net difference between projected and actual earnings on
pension plan investments 19,931 -
Changes in proportion and differences between employer
contributions and proportionate share of contributions 16,079 -
Town contributions subsequent to the measurement date 69,196
Total $ 105,206 $ 849
The $69,196 reported as deferred outflows of resources related to EORP pensions resulting from Town
contributions subsequent to the measurement date will be recognized as a reduction of the net pension
liability in the year ending June 30, 2022. Other amounts reported as deferred outflows of resources and
deferred inflows of resources related to EORP pensions will be recognized in pension expense as follows:
80
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Year ending June 30,
2022 $ 17,960
2023 6,423
2024 6,284
2025 4,494
Thereafter -
Actuarial assumptions—The significant actuarial assumptions used to measure the total pension liability are
as follows:
EORP
Actuarial valuation date June 30, 2020
Actuarial cost method Entry age normal
Investment rate of return 7.3%
Wage inflation 3.75%
Price inflation 2.5%
Cost-of-living adjustment 1.75%
Mortality rates PubG-2010 tables
Healthcare cost trend rate Not applicable
Actuarial assumptions used in the June 30, 2020, valuation were based on the results of an actuarial
experience study for the 5-year period ended June 30, 2017.
The long-term expected rate of return on EORP pension plan investments was determined to be 7.3
percent using a building-block method in which best-estimate ranges of expected future real rates of
return (expected returns, net of pension plan investment expenses and inflation) are developed for each
major asset class. The target allocation and best estimates of geometric real rates of return for each major
asset class are summarized in the following table:
EORP
Asset Class
Target
Allocation
Long-Term Expected Geometric
Real Rate of Return
U.S. public equity 23% 4.93%
International public equity 15% 6.09%
Global private equity 18% 8.42%
Other assets (capital appreciation) 7% 5.61%
Core bonds 2% 0.22%
Private credit 22% 5.31%
Diversifying strategies 12% 3.22%
Cash – Mellon 1% -0.60%
Total 100%
Discount rate—At June 30, 2020, the discount rate used to measure the EORP total pension liability was
7.3 percent. The projection of cash flows used to determine the discount rate assumed that plan member
contributions will be made at the current contribution rate, employer contributions will be made at the
actuarially determined rates, and State contributions will be made as currently required by statute. Based
on those assumptions, the pension plan’s fiduciary net position was projected to be available to make all
projected future benefit payments of current plan members. Therefore, the long-term expected rate of
81
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
return on pension plan investments was applied to all periods of projected benefit payments to determine
the total pension liability.
Sensitivity of the Town’s proportionate share of the EORP net pension liability to changes in the discount
rate—The following table presents the Town’s proportionate share of the net pension liability calculated
using the discount rate of 7.3 percent, as well as what the Town’s proportionate share of the net pension
liability would be if it were calculated using a discount rate that is 1 percentage point lower or 1
percentage point higher than the current rate:
EORP
1% Decrease
(6.3%)
Current
Discount Rate
(7.3%)
1% Increase
(8.3%)
Town’s proportionate share of the
net pension liability $909,735 $1,034,238 $1,179,850
Pension Plan Fiduciary Net Position—Detailed information about the pension plan’s fiduciary net position is
available in the separately issued EORP financial report.
NOTE 10 - RISK MANAGEMENT
The Town is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets;
errors and omissions; and natural disasters.
The Town's insurance protection is provided by the Arizona Municipal Risk Retention Pool, of which the
Town is a participating member. The limit for basic coverage is for $2,000,000 per occurrence on a claims-
made purpose. Excess coverage is for an additional $12,000,000 per occurrence on a follow form, claims-
made basis. The Arizona Municipal Risk Retention Pool is structured such that member premiums are
based on an actuarial review that will provide adequate reserves to allow the pool to meet its expected
financial obligations. The pool has the authority to assess its member’s additional premiums should
reserves and annual premiums be insufficient to meet the pool's obligations.
The Town continues to carry commercial insurance for all other risks of loss, including workers’
compensation and employee health and accident insurance. Settled claims resulting from these risks have
not exceeded commercial insurance coverage in any of the past three fiscal years.
NOTE 11 - COMMITMENTS AND CONTINGENCIES
The Town is subject to a number of lawsuits, investigations, and other claims (some of which involve
substantial amounts) that are incidental to the ordinary course of its operations, including those related to
wrongful death and personal injury matters. Although the Town Attorney does not currently possess
sufficient information to reasonably estimate the amounts of the liabilities to be recorded upon the
settlement of such claims and lawsuits, some claims could be significant to the Town’s operations. While
the ultimate resolution of such lawsuits, investigations, and claims cannot be determined at this time, in
the opinion of Town management, based on the advice of the Town Attorney, the resolution of these
matters will not have a material adverse effect on the Town’s financial position.
Significant Contractual Commitments
At the end of fiscal year 2021, the Town was obligated to $2.9 million in significant contractual
commitments for vehicles and airport, transportation, park, and water facility related construction projects.
82
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Various street projects accounted for $1.5 million, new vehicles accounted for $582,340 and the Northwest
Recharge and Recovery Delivery system accounted for $192,275. The remaining commitments were for
other water projects of $273,950, facility related projects accounted for $189,351, park related projects
accounted for $156,867, and airport related projects accounted for $54,215.
NOTE 12 - LEASING ARRANGEMENTS
Land – State of Arizona
The Town has assigned and assumed a non-cancelable long-term operating lease for 2,400 acres of land
with the State of Arizona with an expiration of October 2099. This lease had an initial annual rent of
$432,000 that requires 10% increases in the annual rent payments for each succeeding five year period.
In conjunction with the Town assuming the long-term operating lease, a developer signed a non-
cancelable agreement to reimburse the Town the annual rental payment for either a minimum of twenty
years or until the first twelve consecutive months the developer generates more than $1,000,000 in resort
sales tax to the Town from the development project known as "Dove Mountain". This threshold was
reached on June 30, 2011, and therefore the developer ceased reimbursing the Town for the annual rent
payment. These leases provide for payments of minimum annual rentals as follows, excluding real estate
taxes, common area charges, management fees, and sales taxes:
Years
Ending June
30,
2022 632,491
2023 632,491
2024 632,491
2025 632,491
2026 695,740
2027 - 2031 3,548,274
2032 - 2036 3,903,101
2037 - 2041 4,293,410
2042 - 2046 4,722,753
2047 - 2051 5,195,028
2052 - 2056 5,714,530
2057 - 2061 6,285,985
2062 - 2066 6,914,585
2067 - 2071 7,606,043
2072 - 2076 8,366,647
2077 - 2081 9,203,312
2082 - 2086 10,123,643
2087 - 2091 11,136,008
2092 - 2096 12,249,608
2097 - 2099 7,926,216
Total $ 110,414,847
83
TOWN OF MARANA, ARIZONA
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2021
Minimum annual rentals above excludes annual rental under the remaining renewal options as of June 30,
2021. Rent expense under the above leases for fiscal 2020-21 aggregated $632,491.
NOTE 13 – SUBSEQUENT EVENTS
Gladden Farms Community Phase II Facilities District – Debt Issuance
In September 2021, the District issued the Series 2021 General Obligation Bonds (Bonds) in the amount of
$4,080,000, maturing in 2046, with an interest rate of 3.0% to 4.0%. The Bonds were issued to finance
the costs to acquire and construct certain public infrastructure benefiting the District and to pay costs of
issuance related to the Bonds.
Saguaro Springs Facilities District – Debt Issuance
In September 2021, the District issued the Series 2021 General Obligation Bonds (Bonds) in the amount of
$2,720,000, maturing in 2046, with an interest rate of 3.0%. The Bonds were issued to finance the costs
to acquire and construct certain public infrastructure benefiting the District and to pay costs of issuance
related to the Bonds.
84
REQUIRED SUPPLEMENTARY INFORMATION
85
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF THE TOWN’S
PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET)
COST-SHARING PLANS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
Arizona State
Retirement System
Reporting Fiscal Year
(Measurement Date)
2021
(2020)
2020
(2019)
2019
(2018)
2018
(2017)
2017
(2016)
Town’s proportion of the
net pension liability
0.14273% 0.14004% 0.14221% 0.14286% 0.140584%
Town’s proportionate
share of the net
pension liability
$ 24,730,142 $ 20,377,449 $ 19,833,290 $ 22,254,803 $ 22,691,024
Town’s covered payroll $ 15,605,818 $ 14,773,437 $ 14,143,225 $ 13,881,636 $ 13,150,962
Town’s proportionate
share of the net
pension liability as a
percentage of its
covered payroll
158.47% 137.93% 140.23% 160.32% 172.54%
Plan fiduciary net
position as a
percentage of the total
pension liability
69.33% 73.24% 73.40% 69.92% 67.06%
2016
(2015)
2015
(2014)
2014 through
2012
Town’s proportion of the
net pension liability
0.136510% 0.129998% Information
not available
10 years of
information
will be
reported as it
becomes
available
Town’s proportionate
share of the net
pension liability
$ 21,263,376 $ 19,235,271
Town’s covered payroll $ 12,565,464 $ 11,714,615
Town’s proportionate
share of the net
pension liability as a
percentage of its
covered payroll
169.22% 164.20%
Plan fiduciary net
position as a
percentage of the total
pension liability
68.35% 69.49%
86
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF THE TOWN’S
PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET)
COST-SHARING PLANS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
Elected Officials
Retirement Plan
Reporting Fiscal Year
(Measurement Date)
2021
(2020)
2020
(2019)
2019
(2018)
2018
(2017)
2017
(2016)
Town’s proportion of the net
pension liability
.153230% .148366% .155545% .150480%
.148768%
Town’s proportionate share of
the net pension liability
$1,034,238 $983,931 $980,148 $1,833,747 $1,405,489
State’s proportionate share of the
net pension liability associated
with the Town
89,765 88,985 167,942 380,586 290,197
Total $1,124,003 $1,072,916 $1,148,090 $2,214,333 $1,695,686
Town’s covered payroll $119,423 $119,423 $116,021 $119,424 $119,424
Town’s proportionate share of
the net pension liability as a
percentage of its covered payroll
866.03% 823.90% 844.80% 1,535.49% 1,176.89%
Plan fiduciary net position as a
percentage of the total pension
liability
29.80% 30.14% 30.36% 19.66% 23.42%
2016
(2015)
2015
(2014)
2014
through
2012
Town’s proportion of the net
pension liability
.133401% .1658860% Information
not available
10 years of
information
will be
reported as
it becomes
available
Town’s proportionate share of
the net pension liability
$1,042,465 $ 1,112,385
State’s proportionate share of the
net pension liability associated
with the Town
324,997 341,068
Total $1,367,462 $ 1,453,453
Town’s covered payroll $119,424 $ 119,423
Town’s proportionate share of
the net pension liability as a
percentage of its covered payroll
872.91% 931.15%
Plan fiduciary net position as a
percentage of the total pension
liability
28.32% 31.91%
87
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF THE TOWN’S
PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET)
AGENT PENSION PLANS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
PSPRS Reporting Fiscal Year
(Measurement Date)
2021
(2020)
2020
(2019)
2019
(2018)
2018
(2017)
2017
(2016)
Total pension liability
Service cost $1,130,556 $1,116,409 $1,100,133 $ 1,213,757 $ 994,058
Interest on the total pension liability 2,922,105 2,689,703 2,538,335 2,322,987 2,005,255
Changes of benefit terms - - - 367,673 1,837,430
Differences between expected and actual
experience in the measurement of the
pension liability 1,261,412 284,100 (566,255) 340,373 536,692
Changes of assumptions or other inputs - 1,136,498 - 725,862 1,226,081
Benefit payments, including refunds of
employee contributions (1,715,812) (1,402,911) (1,783,172) (1,387,192) (1,174,525)
Net change in total pension liability
3,598,261 3,823,799 1,289,041 3,583,460 5,424,991
Total pension liability—beginning 39,756,179 35,932,380 34,643,339 31,059,879 25,634,888
Total pension liability—ending (a) $43,354,440 $39,756,179 $35,932,380 $34,643,339 $31,059,879
Plan fiduciary net position
Contributions—employer $2,024,395 $2,011,933 $1,904,911 $1,384,924 $1,323,677
Contributions—employee 467,180 406,546 488,777 621,583 672,181
Net investment income 305,606 1,190,198 1,355,793 2,081,790 95,438
Benefit payments, including refunds of
employee contributions (1,715,812) (1,402,911) (1,783,172) (1,387,192) (1,174,525)
Hall/Parker Settlement - - (780,563) - -
Pension plan administrative expense (24,918) (21,675) (21,335) (18,820) (14,134)
Other changes - - 227 2,417 223,597
Net change in plan fiduciary net position 1,056,451 2,184,091 1,164,638 2,684,702 1,126,234
Plan fiduciary net position—beginning 22,557,297 20,384,543 19,219,905 16,535,203 15,408,969
Adjustment to Beginning of Year (117,928) (11,337)
Plan fiduciary net position—ending (b) $23,495,820 $22,557,297 $20,384,543 $19,219,905 $16,535,203
Town’s net pension liability (asset)—ending (a)
– (b) $19,858,620 $17,198,882 $15,547,837 $15,423,434 $14,524,676
Plan fiduciary net position as a percentage of
the total pension liability 54.19% 56.74% 56.73% 55.48% 53.24%
Covered payroll $5,207,363 $5,272,202 $5,121,661 $5,318,831 $5,182,784
Town’s net pension liability (asset) as a
percentage of covered payroll 381.36% 326.22% 303.57% 289.98% 280.25%
88
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF THE TOWN’S
PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET)
AGENT PENSION PLANS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
PSPRS Reporting Fiscal Year
(Measurement Date)
2016
(2015)
2015
(2014)
2014
through
2012
Total pension liability
Information
not
available
10 years of
information
will be
reported as
it becomes
available
Service cost $ 891,324 $ 876,619
Interest on the total pension liability 1,844,654 1,551,602
Changes of benefit terms - 308,515
Differences between expected and actual
experience in the measurement of the
pension liability 333,269 148,583
Changes of assumptions or other inputs - 1,933,583
Benefit payments, including refunds of
employee contributions (974,950) (1,211,258)
Net change in total pension liability 2,094,297 3,607,644
Total pension liability—beginning 23,540,591 19,932,947
Total pension liability—ending (a) $25,634,888 $ 23,540,591
Plan fiduciary net position
Contributions—employer $1,006,859 $ 797,871
Contributions—employee 579,390 578,596
Net investment income 533,938 1,698,902
Benefit payments, including refunds of
employee contributions (974,950) (1,211,258)
Hall/Parker Settlement - -
Pension plan administrative expense (13,410) -
Other changes 46,032 (543,969)
Net change in plan fiduciary net position 1,177,859 1,320,142
Plan fiduciary net position—beginning 14,231,110 12,910,968
Plan fiduciary net position—ending (b) $15,408,969 $ 14,231,110
Town’s net pension liability (asset)—ending (a)
– (b) $10,225,919 $ 9,309,481
Plan fiduciary net position as a percentage of
the total pension liability 60.11% 60.45%
Covered payroll $4,900,569 $ 4,638.415
Town’s net pension liability (asset) as a
percentage of covered payroll 208.67% 200.70%
89
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF THE TOWN’S
PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET)
AGENT PENSION PLANS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
CORP – Dispatchers Reporting Fiscal Year
(Measurement Date)
2021
(2020)
2020
(2019)
2019
(2018)
2018
(2017)
2017
(2016)
Total pension liability
Service cost $41,671 $60,952 $ 62,894 $ 59,139 $ 57,866
Interest on the total pension liability 189,052 157,366 150,833 118,108 113,075
Changes of benefit terms - - (111,265) 312,169 15,002
Differences between expected and actual
experience in the measurement of the
pension liability 108,881 224,526 (40,404)
(18,913)
(25,358)
Changes of assumptions or other inputs - 56,044 - (5,967) (136)
Benefit payments, including refunds of
employee contributions
(26,303) (6,543) - (5,825) (47,673)
Net change in total pension liability 313,301 492,345 62,058 458,711 112,776
Total pension liability—beginning 2,561,234 2,068,889 2,006,831 1,548,120 1,435,344
Total pension liability—ending (a) $2,874,535 $2,561,234 $2,068,889 $ 2,006,831 $ 1,548,120
Plan fiduciary net position
Contributions—employer $70,986 $83,517 $ 57,269 $ 51,162 $ 48,648
Contributions—employee 29,446 31,930 32,445 32,199 32,623
Net investment income 41,793 79,174 90,441 124,809 6,034
Benefit payments, including refunds of
employee contributions (26,303) (6,543) - (5,825) (47,673)
Pension plan administrative expense (1,618) (2,113) (2,068) (1,491) (1,253)
Other changes - - (22) (6) (5)
Net change in plan fiduciary net position 114,304 185,965 178,065 200,848 38,374
Plan fiduciary net position—beginning 1,580,698 1,394,733 1,216,668 1,015,820 977,446
Plan fiduciary net position—ending (b) $1,695,002 $1,580,698 $1,394,733 $ 1,216,668 $ 1,015,820
Town’s net pension liability (asset)—ending (a) –
(b) $1,179,533 $980,536 $ 674,156 $ 790,163 $ 532,300
Plan fiduciary net position as a percentage of the
total pension liability 58.97% 61.72% 67.41% 60.63% 65.62%
Covered payroll 369,922 401,139 $ 407,607 $ 404,506 $ 397,428
Town’s net pension liability (asset) as a
percentage of covered payroll 318.86% 274.56% 165.39% 195.34% 133.94%
90
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF THE TOWN’S
PROPORTIONATE SHARE OF THE NET PENSION LIABILITY (ASSET)
AGENT PENSION PLANS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
CORP – Dispatchers Reporting Fiscal Year
(Measurement Date)
2016
(2015)
2015
(2014)
2014
through
2012
Total pension liability
Information
not
available
10 years of
information
will be
reported as
it becomes
available
Service cost $ 64,307 $ 63,474
Interest on the total pension liability 105,144 94,360
Changes of benefit terms - -
Differences between expected and actual
experience in the measurement of the pension
liability
(18,303)
(16,512)
Changes of assumptions or other inputs - 18,699
Benefit payments, including refunds of
employee contributions (46,131) -
Net change in total pension liability 105,017 160,021
Total pension liability—beginning 1,330,327 1,170,306
Total pension liability—ending (a) $ 1,435,344 $ 1,330,327
Plan fiduciary net position
Contributions—employer $ 49,045 $ 48,667
Contributions—employee 35,981 36,306
Net investment income 34,230 102,910
Benefit payments, including refunds of employee
contributions (46,131) -
Pension plan administrative expense (1,233) -
Other changes (635) (24,446)
Net change in plan fiduciary net position 71,257 163,437
Plan fiduciary net position—beginning 906,189 742,752
Plan fiduciary net position—ending (b) $ 977,446 $ 906,189
Town’s net pension liability (asset)—ending (a) –
(b) $ 457,898 $ 424,138
Town’s net pension liability (asset)—ending (a) –
(b) 68.10% 68.12%
Covered payroll $ 430,892 $ 456,107
Town’s net pension liability (asset) as a
percentage of covered payroll 106.27% 92.99%
91
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF TOWN PENSION CONTRIBUTIONS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
Arizona State
Retirement System
Reporting Fiscal Year
2021 2020 2019 2018 2017
Statutorily required
contribution
$1,856,449 $1,786,018 $1,645,597 $1,536,196 $1,496,440
Town’s contributions
in relation to the
statutorily required
contribution
1,856,449 1,786,018 1,645,597 1,536,196 1,496,440
Town’s contribution
deficiency (excess)
$ - $ - $ - $ - $ -
Town’s covered
payroll
$15,548,339 $15,605,818 $14,773,437 $14,143,225 $13,881,636
Town’s contributions
as a percentage of
covered payroll
11.94% 11.44% 11.14% 10.86% 10.78%
2016 2015 2014 2013 2012
Statutorily required
contribution
$1,426,879 $ 1,367,122 $ 1,253,464 $1,172,006 $1,095,471
Town’s contributions
in relation to the
statutorily required
contribution
1,426,879 1,367,122 1,253,464 1,172,006 1,095,471
Town’s contribution
deficiency (excess)
$ - $ - $ - $ - $ -
Town’s covered
payroll
$13,150,962 $12,565,464 $11,714,615 $11,434,201 $11,098,998
Town’s contributions
as a percentage of
covered payroll
10.85% 10.88% 10.70% 10.25% 9.87%
92
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF TOWN PENSION CONTRIBUTIONS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
Elected Officials
Retirement Plan
Reporting Fiscal Year
2021 2020 2019 2018 2017
Statutorily required
contribution
$69,196 $69,800 $63,358 $27,266 $28,065
Town’s contributions
in relation to the
statutorily required
contribution
69,196 69,800 63,358 27,266 28,065
Town’s contribution
deficiency (excess)
$ - $ - $ - $ - $ -
Town’s covered
payroll
$119,423 $119,423 $119,423 $116,021 $119,424
Town’s contributions
as a percentage of
covered payroll
57.94% 58.45% 53.05% 23.50% 23.50%
2016 2015 2014 2013 2012
Statutorily required
contribution
$28,065 $28,065 $38,431 $43,518 $40,861
Town’s contributions
in relation to the
statutorily required
contribution
28,065 28,065 38,431 43,518 40,861
Town’s contribution
deficiency (excess)
$ - $ - $ - $ - $ -
Town’s covered
payroll
$119,424 $119,424 $119,423 $119,423 $119,423
Town’s contributions
as a percentage of
covered payroll
23.50% 23.50% 32.18% 36.44% 34.22%
93
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF TOWN PENSION CONTRIBUTIONS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
PSPRS Reporting Fiscal Year
2021 2020 2019 2018 2017
Actuarially determined
contribution
$2,228,298 $2,110,954 $2,003,419 $1,782,576 $1,381,861
Town’s contributions
in relation to the
actuarially
determined
contribution
$2,228,298 $2,110,954 2,003,419 1,782,576 1,381,861
Town’s contribution
deficiency (excess)
$ - $ - $ - $ - $ -
Town’s covered
payroll
$6,748,154 $6,402,828 $6,270,642 $5,542,238 $5,614,773
Town’s contributions
as a percentage of
covered payroll
33.02% 32.97% 31.95% 32.16% 24.61%
2016 2015 2014 2013 2012
Actuarially determined
contribution
$1,322,941 $1,006,859 $ 797,871 $ 831,677 $778,039
Town’s contributions
in relation to the
actuarially
determined
contribution
1,322,941 1,006,859 797,871 831,677 778,039
Town’s contribution
deficiency (excess)
$ - $ - $ - $ - $ -
Town’s covered
payroll
$5,315,870 $4,900,569 $4,638,415 $4,498,048 $4,512,699
Town’s contributions
as a percentage of
covered payroll
24.89% 20.55% 17.20% 18.49% 17.24%
94
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF TOWN PENSION CONTRIBUTIONS
JUNE 30, 2021
See accompanying notes to pension plan schedules.
CORP - Dispatchers Reporting Fiscal Year
2021 2020 2019 2018 2017
Actuarially determined
contribution
$91,436 $70,988 $83,517 $57,269 $51,210
Town’s contributions
in relation to the
actuarially
determined
contribution
91,436 70,988 83,517 57,269 51,210
Town’s contribution
deficiency (excess)
$ - $ - $ - $ - $ -
Town’s covered
payroll
$366,036 $369,921 $401,139 $ 407,607 $ 404,507
Town’s contributions
as a percentage of
covered payroll
24.98% 19.19% 20.82% 14.05% 12.66%
2016 2015 2014 2013 2012
Actuarially determined
contribution
$48,648 $49,045 $ 48,667 $ 32,506 $ 25,550
Town’s contributions
in relation to the
actuarially
determined
contribution
48,648 49,045 48,667 32,506 25,550
Town’s contribution
deficiency (excess)
$ - $ - $ - $ - $ -
Town’s covered
payroll
$ 409,843 $ 430,892 $ 456,106 $ 443,980 $ 530,695
Town’s contributions
as a percentage of
covered payroll
11.87% 11.38% 10.67% 7.32% 4.25%
95
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
NOTES TO PENSION PLAN SCHEDULES
JUNE 30, 2021
NOTE 1 – ACTUARIALLY DETERMINED CONTRIBUTION RATES
Actuarial determined contribution rates for PSPRS and CORP are calculated as of June 30 two years prior
to the end of the fiscal year in which contributions are made. The actuarial methods and assumptions used
to establish the contribution requirements are as follows:
Actuarial cost method Entry age normal
Amortization method Level percent-of-pay, closed
Remaining amortization period
as of the 2019 actuarial
valuation
17 years
Asset valuation method 7-year smoothed market value; 80%/120% market corridor
Actuarial assumptions:
Investment rate of return In the 2017 actuarial valuation, the investment rate of return was
decreased from 7.5% to 7.4%. In the 2016 actuarial valuation, the
investment rate of return was decreased from 7.85% to 7.5%. In the
2013 actuarial valuation, the investment rate of return was decreased
from 8.0% to 7.85%.
Projected salary increases In the 2017 actuarial valuation, projected salary increases were
decreased from 4.0%-8.0% to 3.5%-7.5% for PSPRS and from 4.0%-
7.25% to 3.5%-6.5% for CORP. In the 2014 actuarial valuation,
projected salary increases were decreased from 4.5%-8.5% to 4.0%-
8.0% for PSPRS and from 4.5%-7.75% to 4.0%-7.25% for CORP. In the
2013 actuarial valuation, projected salary increases were decreased
from 5.0%-9.0% to 4.5%-8.5% for PSPRS and from 5.0%-8.25% to
4.5%-7.75% for CORP.
Wage growth In the 2017 actuarial valuation, wage growth was decreased from 4% to
3.5% for PSPRS and CORP. In the 2014 actuarial valuation, wage
growth was decreased from 4.5% to 4.0% for PSPRS and CORP. In the
2013 actuarial valuation, wage growth was decreased from 5.0% to
4.5% for PSPRS and CORP.
Retirement age Experience-based table of rates that is specific to the type of eligibility
condition. Last updated for the 2012 valuation pursuant to an
experience study of the period July 1, 2006 - June 30, 2011.
Mortality In the 2017 actuarial valuation, changed to RP-2014 tables, with 75% of
MP-2016 fully generational projection scales. RP-2000 mortality table
(adjusted by 105% for both males and females)
NOTE 2 – FACTORS THAT AFFECT TRENDS
Arizona courts have ruled that provisions of a 2011 law that changed the mechanism for funding
permanent pension benefit increases and increased employee pension contribution rates were
unconstitutional or a breach of contract because those provisions apply to individuals who were members
as of the law’s effective date. As a result, the PSPRS, CORP, and EORP changed benefit terms to reflect the
prior mechanism for funding permanent benefit increases for those members and revised actuarial
assumptions to explicitly value future permanent benefit increases. PSPRS and EORP also reduced those
96
TOWN OF MARANA, ARIZONA
REQUIRED SUPPLEMENTARY INFORMATION
NOTES TO PENSION PLAN SCHEDULES
JUNE 30, 2021
members’ employee contribution rates. These changes are reflected in the plans’ pension liabilities for
fiscal year 2015 (measurement date 2014) for members who were retired as of the law’s effective date
and fiscal year 2018 (measurement date 2017) for members who retired or will retire after the law’s
effective date. These changes also increased the PSPRS and CORP required pension contributions
beginning in fiscal year 2016 for members who were retired as of the law’s effective date. These changes
increased the PSPRS and CORP required contributions beginning in fiscal year 2019 for members who
retired or will retire after the law’s effective date. EORP required contributions are not based on actuarial
valuations, and therefore, these changes did not affect them.
The fiscal year 2019 (measurement date 2018) pension liabilities for EORP and CORP reflect the
replacement of the permanent benefit increase (PBI) for retirees based on investment returns with a cost
of living adjustment based on inflation. Also, the EORP liability and required pension contributions for fiscal
year 2019 reflect a statutory change that requires the employer contribution rate to be actuarially
determined. This change increased the discount rate used to calculate the liability thereby reducing the
total pension liability.
97
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98
COMBINING AND INDIVIDUAL
FUND FINANCIAL STATEMENTS
AND SCHEDULES
99
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100
OTHER MAJOR GOVERNMENTAL FUNDS
SCHEDULES OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES – BUDGET AND ACTUAL
101
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102
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, 2021
Budgeted Amounts
Original Final Actual
Variance -
Positive
(Negative)
Revenues:
Special assessments 2,208,220$ 2,208,220$ 2,297,832$ 89,612$
Total revenues 2,208,220 2,208,220 2,297,832 89,612
Expenditures:
Debt service -
Principal retirement 2,018,000 2,018,000 2,023,000 (5,000)
Interest and fiscal charges 190,220 190,220 184,838 5,382
Total expenditures 2,208,220 2,208,220 2,207,838 382
Excess (deficiency) of revenues
over expenditures - - 89,994 89,994
Fund balances, beginning of year - - 429,247 429,247
Fund balances, end of year -$ -$ 519,241$ 519,241$
103
Budgeted Amounts
Original Final Actual
Variance -
Positive
(Negative)
Revenues:
Sales taxes 5,750,000$ 5,750,000$ 7,378,783$ 1,628,783$
Contributions - - 6,257 6,257
Investment income 50,000 50,000 - (50,000)
Total revenues 5,800,000 5,800,000 7,385,040 1,585,040
Expenditures:
Current -
General government 996,200 996,200 1,325,700 (329,500)
Capital outlay 19,407,698 19,957,698 9,439,498 10,518,200
Total expenditures 20,403,898 20,953,898 10,765,198 10,188,700
Excess (deficiency) of revenues over
expenditures (14,603,898) (15,153,898) (3,380,158) 11,773,740
Other financing sources (uses):
Transfers out (693,731) (693,731) (693,655) 76
Total other financing sources
(uses)(693,731) (693,731) (693,655) 76
Changes in fund balances (15,297,629) (15,847,629) (4,073,813) 11,773,816
Fund balances, beginning of year - - 16,850,578 16,850,578
Fund balances, end of year (15,297,629)$ (15,847,629)$ 12,776,765$ 28,624,394$
TOWN OF MARANA, ARIZONA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - TRANSPORTATION CAPITAL
YEAR ENDED JUNE 30, 2021
104
NON-MAJOR GOVERNMENTAL FUNDS
105
Special
Revenue Capital Projects Debt Service
Total
Non-Major
Governmental
Funds
ASSETS
Cash and cash equivalents 3,728,626$ 15,771,885$ -$ 19,500,511$
Taxes receivable - 1,608 13,408 15,016
Accounts receivable 1,467 - - 1,467
Interest receivable - 9,675 9 9,684
Development agreement receivable - 61,832 - 61,832
Due from governments 190,881 47,330 - 238,211
Prepaid items 2,674 - 4,000 6,674
Restricted cash and investments - - 5,968,939 5,968,939
Total assets 3,923,648$ 15,892,330$ 5,986,356$ 25,802,334$
LIABILITIES
Accounts payable 171,213$ 392,012$ -$ 563,225$
Retainage payable 18,632 76,796 - 95,428
Accrued payroll and employee benefits 4,404 - - 4,404
Advances 37,322 943,388 - 980,710
Deposits held for others - 62,400 - 62,400
Total liabilities 231,571 1,474,596 - 1,706,167
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 12,298 - - 12,298
Total deferred inflows of resources 12,298 - - 12,298
FUND BALANCES (DEFICITS)
Fund balances:
Nonspendable 2,674 - 4,000 6,674
Restricted 3,689,403 13,849,293 5,982,356 23,521,052
Committed - 1,524,534 - 1,524,534
Unassigned (12,298) (956,093) - (968,391)
Total fund balances 3,679,779 14,417,734 5,986,356 24,083,869
Total liabilities, deferred inflows of
resources, and fund balances 3,923,648$ 15,892,330$ 5,986,356$ 25,802,334$
TOWN OF MARANA, ARIZONA
COMBINING BALANCE SHEET - ALL NON-MAJOR GOVERNMENTAL FUNDS -
BY FUND TYPE
JUNE 30, 2021
106
Special
Revenue Capital Projects Debt Service
Total
Non-Major
Governmental
Funds
Revenues:
Sales tax 1,246,249$ 220,493$ -$ 1,466,742$
Property tax - 152,138 1,267,989 1,420,127
Intergovernmental 49,819 30,429 - 80,248
Licenses, fees & permits - 3,176,790 - 3,176,790
Fines, forfeitures & penalties 42,969 - - 42,969
Contributions - 30,784 16,588 47,372
Investment income - 1,954 50 2,004
Miscellaneous 1,928 - - 1,928
Total revenues 1,340,965 3,612,588 1,284,627 6,238,180
Expenditures:
Current -
General government 839,930 4,143 - 844,073
Highways and streets - 64,885 - 64,885
Economic and community development 334,523 - - 334,523
Culture and recreation - 42,570 - 42,570
Capital outlay - 2,277,305 4,051,617 6,328,922
Debt service -
Principal retirement - - 4,296,000 4,296,000
Interest and fiscal charges - - 2,725,219 2,725,219
Bond issuance costs - - 216,360 216,360
Total expenditures 1,174,453 2,388,903 11,289,196 14,852,552
Excess (deficiency) of revenues over
expenditures 166,512 1,223,685 (10,004,569) (8,614,372)
Other financing sources (uses):
Issuance of debt - - 4,155,000 4,155,000
Premium on bonds issued - - 114,985 114,985
Transfers in - - 5,990,918 5,990,918
Transfers out - (986,531) - (986,531)
Total other financing sources (uses)- (986,531) 10,260,903 9,274,372
Change in fund balances 166,512 237,154 256,334 660,000
Fund balances, beginning of year 3,513,267 14,180,580 5,730,022 23,423,869
Fund balances, end of year 3,679,779$ 14,417,734$ 5,986,356$ 24,083,869$
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, 2021
107
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108
NON-MAJOR SPECIAL REVENUE FUNDS
Community Development Grant Fund (CDBG) – This fund accounts for the CDBG program
which provides resources to address community development needs
Affordable Housing Fund – This revolving fund accounts for resources utilized on affordable
housing projects and programs.
Bed Tax Fund – This fund accounts for the collection of the discriminatory portion of bed tax
revenues which funds economic development and tourism initiatives.
Judicial Collection Enhancement Fund – This fund accounts for resources required to
improve, maintain and enhance the ability to collect and manage monies assessed or received
by the courts including restitution, child support, fines and civil penalties; and to improve court
automation projects likely to improve case processing or the administration of justice.
Fill-the-Gap Fund – This fund accounts for local Fill-the-Gap resources which shall be used to
improve, maintain and enhance the ability to collect and manage monies assessed or received
by the courts, to improve court automation and to improve case processing or the
administration of justice.
Local Technology Fund – This fund accounts for resources required to fund local or
collaborative technology improvement projects and programs.
109
Community
Development
Block Grant
Affordable
Housing Bed Tax
ASSETS
Cash and cash equivalents -$ 101,152$ 2,547,641$
Accounts receivable - - -
Due from governments 37,786 - 153,095
Prepaid - - 2,674
Total assets 37,786$ 101,152$ 2,703,410$
LIABILITIES
Accounts payable 464$ -$ 3,050$
Retainage payable - - -
Accrued payroll and employee benefits - - 4,404
Advances 37,322 - -
Total liabilities 37,786 - 7,454
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 12,298 - -
Total deferred inflows of resources 12,298 - -
FUND BALANCES (DEFICITS)
Nonspendable - - 2,674
Restricted - 101,152 2,693,282
Unassigned (12,298) - -
Total fund balances (12,298) 101,152 2,695,956
Total liabilities, deferred inflows of
resources, and fund balances 37,786$ 101,152$ 2,703,410$
TOWN OF MARANA, ARIZONA
COMBINING BALANCE SHEET - NON-MAJOR SPECIAL REVENUE FUNDS
JUNE 30, 2021
110
Judicial
Collection
Enhancement Fill-the-Gap
Local
Technology Totals
123,533$ 103,763$ 852,537$ 3,728,626$
- 1,467 - 1,467
- - - 190,881
- - - 2,674
123,533$ 105,230$ 852,537$ 3,923,648$
-$ -$ 167,699$ 171,213$
- - 18,632 18,632
- - - 4,404
- - - 37,322
- - 186,331 231,571
- - - 12,298
- - - 12,298
- - - 2,674
123,533 105,230 666,206 3,689,403
- - - (12,298)
123,533 105,230 666,206 3,679,779
123,533$ 105,230$ 852,537$ 3,923,648$
111
Community
Development
Block Grant
Affordable
Housing Bed Tax
Judicial
Collection
Enhancement
Revenues:
Sales taxes -$ -$ 1,246,249$ -$
Intergovernmental 49,819 - - -
Fines, forfeitures & penalties - - - 7,048
Miscellaneous - 1,928 - -
Total revenues 49,819 1,928 1,246,249 7,048
Expenditures:
Current -
General government - - 632,491 320
Economic and community development 53,057 26,261 255,205 -
Total expenditures 53,057 26,261 887,696 320
Excess (deficiency) of revenues over
expenditures (3,238) (24,333) 358,553 6,728
Change in fund balances (3,238) (24,333) 358,553 6,728
Fund balances (deficits), beginning of year (9,060) 125,485 2,337,403 116,805
Fund balances (deficits), end of year (12,298)$ 101,152$ 2,695,956$ 123,533$
TOWN OF MARANA, ARIZONA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES -
NON-MAJOR SPECIAL REVENUE FUNDS
YEAR ENDED JUNE 30, 2021
112
Fill-the-Gap
Local
Technology Totals
-$ -$ 1,246,249$
- - 49,819
4,353 31,568 42,969
- - 1,928
4,353 31,568 1,340,965
- 207,119 839,930
- - 334,523
- 207,119 1,174,453
4,353 (175,551) 166,512
4,353 (175,551) 166,512
100,877 841,757 3,513,267
105,230$ 666,206$ 3,679,779$
113
Community Development Block Grant Fund
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Intergovernmental 180,000$ 180,000$ 49,819$ (130,181)$
Total revenues 180,000 180,000 49,819 (130,181)
Expenditures:
Current -
Economic and community development 180,000 180,000 53,057 126,943
Capital outlay - - - -
Total expenditures 180,000 180,000 53,057 126,943
Change in fund balance - - (3,238) (3,238)
Fund balance, July 1, 2020 - - (9,060) (9,060)
Fund balance (deficits), June 30, 2021 -$ -$ (12,298)$ (12,298)$
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, 2021
114
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Miscellaneous 10,000$ 10,000$ 1,928$ (8,072)$
Total revenues 10,000 10,000 1,928 (8,072)
Expenditures:
Current -
Economic and community development 124,657 124,657 26,261 98,396
Capital outlay - - - -
Total expenditures 124,657 124,657 26,261 98,396
Change in fund balance (114,657) (114,657) (24,333) 90,324
Fund balance, July 1, 2020 - - 125,485 125,485
Fund balance (deficits), June 30, 2021 (114,657)$ (114,657)$ 101,152$ 215,809$
Affordable Housing Revolving Fund
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, 2021
115
Bed Tax Fund
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Sales taxes 1,104,840$ 1,104,840$ 1,246,249$ 141,409$
Miscellaneous - - - -
Total revenues 1,104,840 1,104,840 1,246,249 141,409
Expenditures:
Current -
General government 755,496 755,496 632,491 123,005
Economic and community development 349,344 349,344 255,205 94,139
Total expenditures 1,104,840 1,104,840 887,696 217,144
Change in fund balance - - 358,553 358,553
Fund balance, July 1, 2020 - - 2,337,403 2,337,403
Fund balance (deficits), June 30, 2021 -$ -$ 2,695,956$ 2,695,956$
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, 2021
116
Judicial Collection Enhancement Fund
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Fines, forfeitures & penalties 8,000$ 8,000$ 7,048$ (952)$
Total revenues 8,000 8,000 7,048 (952)
Expenditures:
Current -
General government 90,000 90,000 320 89,680
Total expenditures 90,000 90,000 320 89,680
Change in fund balance (82,000) (82,000) 6,728 88,728
Fund balance, July 1, 2020 - - 116,805 116,805
Fund balance (deficits), June 30, 2021 (82,000)$ (82,000)$ 123,533$ 205,533$
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, 2021
117
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Fines, forfeitures & penalties 4,500$ 4,500$ 4,353$ (147)$
Total revenues 4,500 4,500 4,353 (147)
Expenditures:
Current -
General government 34,500 34,500 - 34,500
Total expenditures 34,500 34,500 - 34,500
Change in fund balance (30,000) (30,000) 4,353 34,353
Fund balance, July 1, 2020 - - 100,877 100,877
Fund balance (deficits), June 30, 2021 (30,000)$ (30,000)$ 105,230$ 135,230$
Fill-the-Gap
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, 2021
118
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Fines, forfeitures & penalties 45,000$ 45,000$ 31,568$ (13,432)$
Total revenues 45,000 45,000 31,568 (13,432)
Expenditures:
Current -
General government 488,000 488,000 207,119 280,881
Total expenditures 488,000 488,000 207,119 280,881
Change in fund balance (443,000) (443,000) (175,551) 267,449
Fund balance, July 1, 2020 - - 841,757 841,757
Fund balance (deficits), June 30, 2021 (443,000)$ (443,000)$ 666,206$ 1,109,206$
Local Technology Fund
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, 2021
119
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120
NON-MAJOR CAPITAL PROJECTS FUND
Capital Projects Funds are created to account for the purchase or construction of major capital
facilities which are not financed by the general, enterprise, or special revenue funds.
Northwest (Benefit Area) Transportation Impact Fees – This fund accounts for the
financing and construction of transportation projects that are defined within the northwest
benefit area.
Northeast (Benefit Area) Transportation Impact Fees – This fund accounts for the
financing and construction of transportation projects that are defined within the northeast
benefit area.
South (Benefit Area) Transportation Impact Fees – This fund accounts for the financing
and construction of transportation projects that are defined within the south benefit area.
Park Impact Fees Fund – This fund accounts for park impact fees collected by the Town and
utilized for authorized capital improvements.
PAG/RTA Capital Fund – This fund accounts for proceeds from Pima Association of
Governments and Regional Transportation Authority which are used for road improvement
projects.
Downtown Reinvestment Fund – This fund accounts for sales tax proceeds which are used
for authorized capital improvements in the Downtown area.
Other Capital Projects Fund – Includes all other capital related funding and projects.
Gladden Farms Capital Fund – This fund accounts for the proceeds from the sale of general
obligation bonds which are used for authorized capital improvements.
Saguaro Springs Capital Fund – This fund accounts for the financing and construction of
authorized capital improvements.
121
Northwest
Transportation
Impact Fees
Northeast
Transportation
Impact Fees
South
Transportation
Impact Fees
Park Impact
Fees
ASSETS
Cash and cash equivalents 649,497$ -$ 8,039,597$ 3,172,044$
Taxes receivable - - - -
Interest receivable - - 8,614 -
Development agreement receivable - - - -
Due from governments - - - -
Total assets 649,497$ -$ 8,048,211$ 3,172,044$
LIABILITIES
Accounts payable -$ 21,455$ 4,695$ 42,354$
Retainage payable - - - -
Advances - 932,138 - -
Deposits held for others - - - -
Total liabilities - 953,593 4,695 42,354
FUND BALANCES (DEFICITS)
Restricted 649,497 - 8,043,516 3,129,690
Committed - - - -
Unassigned - (953,593) - -
Total fund balances (deficits) 649,497 (953,593) 8,043,516 3,129,690
Total liabilities, deferred inflows of
resources, and fund balances 649,497$ -$ 8,048,211$ 3,172,044$
TOWN OF MARANA, ARIZONA
COMBINING BALANCE SHEET - NON-MAJOR CAPITAL PROJECTS FUNDS
JUNE 30, 2021
122
PAG/RTA
Capital
Downtown
Reinvestment
Other Capital
Projects
Gladden
Farms
Capital
Saguaro
Springs
Capital Totals
-$ 1,488,454$ 1,361,807$ 839,603$ 220,883$ 15,771,885$
- - - 1,052 556 1,608
- - 1,061 - - 9,675
- - 61,832 - - 61,832
11,250 36,080 - - - 47,330
11,250$ 1,524,534$ 1,424,700$ 840,655$ 221,439$ 15,892,330$
-$ -$ 323,508$ -$ -$ 392,012$
2,500 - 74,296 - - 76,796
11,250 - - - - 943,388
- - 62,400 - - 62,400
13,750 - 460,204 - - 1,474,596
- - 964,496 840,655 221,439 13,849,293
- 1,524,534 - - - 1,524,534
(2,500) - - - - (956,093)
(2,500) 1,524,534 964,496 840,655 221,439 14,417,734
11,250$ 1,524,534$ 1,424,700$ 840,655$ 221,439$ 15,892,330$
123
Northwest
Transportation
Impact Fees
Northeast
Transportation
Impact Fees
South
Transportation
Impact Fees
Park Impact
Fees
Revenues:
Sales tax -$ -$ -$ -$
Property tax - - - -
Intergovernmental - - - -
Licenses, fees & permits 208,903 441,098 1,776,198 490,276
Contributions - - - -
Investment income 87 11 - 1,856
Total revenues 208,990 441,109 1,776,198 492,132
Expenditures:
Current -
General government - - - -
Highways and streets - 42,910 - -
Culture and recreation - - - 42,570
Capital outlay 3,118 3,118 20,705 192,501
Total expenditures 3,118 46,028 20,705 235,071
Excess (deficiency) of revenues over
expenditures 205,872 395,081 1,755,493 257,061
Other financing sources (uses):
Transfers out - (485,558) (500,973) -
Total other financing sources (uses) - (485,558) (500,973) -
Change in fund balances 205,872 (90,477) 1,254,520 257,061
Fund balances (deficits), beginning of year 443,625 (863,116) 6,788,996 2,872,629
Fund balances (deficits), end of year 649,497$ (953,593)$ 8,043,516$ 3,129,690$
TOWN OF MARANA, ARIZONA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES -
NON-MAJOR CAPITAL PROJECT FUNDS
YEAR ENDED JUNE 30, 2021
124
PAG/RTA
Capital
Downtown
Reinvestment
Other Capital
Projects
Gladden
Farms
Capital
Saguaro
Springs
Capital Totals
-$ 220,493$ -$ -$ -$ 220,493$
- - - 95,686 56,452 152,138
28,703 - 1,726 - - 30,429
- - 260,315 - - 3,176,790
- - 30,784 - - 30,784
- - - - - 1,954
28,703 220,493 292,825 95,686 56,452 3,612,588
- - - 2,738 1,405 4,143
- - 21,975 - - 64,885
- - - - - 42,570
30,578 10,040 2,017,245 - - 2,277,305
30,578 10,040 2,039,220 2,738 1,405 2,388,903
(1,875) 210,453 (1,746,395) 92,948 55,047 1,223,685
- - - - - (986,531)
- - - - - (986,531)
(1,875) 210,453 (1,746,395) 92,948 55,047 237,154
(625) 1,314,081 2,710,891 747,707 166,392 14,180,580
(2,500)$ 1,524,534$ 964,496$ 840,655$ 221,439$ 14,417,734$
125
Northwest Transportation Impact Fees
Original Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Licenses, fees & permits 119,723$ 119,723$ 208,903$ 89,180$
Investment income - - 87 87
Total revenues 119,723 119,723 208,990 89,267
Expenditures:
Current -
Highways and streets - - - -
Capital outlay 35,000 35,000 3,118 31,882
Total expenditures 35,000 35,000 3,118 31,882
Excess (deficiency) of revenues over
expenditures 84,723 84,723 205,872 121,149
Other financing sources (uses):
Transfers out - - - -
Total other financing sources (uses)- - - -
Change in fund balances 84,723 84,723 205,872 121,149
Fund balances (deficits), July 1, 2020 - - 443,625 443,625
Fund balances (deficits), June 30, 2021 84,723$ 84,723$ 649,497$ 564,774$
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, 2021
126
Original Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Licenses, fees & permits 270,333$ 270,333$ 441,098$ 170,765$
Investment income - - 11 11
Total revenues 270,333 270,333 441,109 170,776
Expenditures:
Current -
Highways and streets 8,582 8,582 42,910 (34,328)
Capital outlay 35,000 35,000 3,118 31,882
Total expenditures 43,582 43,582 46,028 (2,446)
Excess (deficiency) of revenues over
expenditures 226,751 226,751 395,081 168,330
Other financing sources (uses):
Transfers out (485,824) (485,824) (485,558) 266
Total other financing sources (uses)(485,824) (485,824) (485,558) 266
Change in fund balances (259,073) (259,073) (90,477) 168,596
Fund balances (deficits), July 1, 2020 - - (863,116) (863,116)
Fund balances (deficits), June 30, 2021 (259,073)$ (259,073)$ (953,593)$ (694,520)$
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, 2021
Northeast Transportation Impact Fees
127
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Licenses, fees & permits 856,746$ 856,746$ 1,776,198$ 919,452$
Investment income - - - -
Total revenues 856,746 856,746 1,776,198 919,452
Expenditures:
Current -
Highways and streets - - - -
Capital outlay 535,000 535,000 20,705 514,295
Total expenditures 535,000 535,000 20,705 514,295
Excess (deficiency) of revenues over
expenditures 321,746 321,746 1,755,493 1,433,747
Other financing sources (uses):
Transfers out (500,674) (500,674) (500,973) (299)
Total other financing sources (uses)(500,674) (500,674) (500,973) (299)
Change in fund balances (178,928) (178,928) 1,254,520 1,433,448
Fund balances (deficits), July 1, 2020 - - 6,788,996 6,788,996
Fund balances (deficits), June 30, 2021 (178,928)$ (178,928)$ 8,043,516$ 8,222,444$
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, 2021
South Transportation Impact Fees
128
Original Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Intergovernmental -$ -$ -$ -$
Licenses, fees & permits 520,502 520,502 490,276 (30,226)
Investment income - - 1,856 1,856
Total revenues 520,502 520,502 492,132 (28,370)
Expenditures:
Current -
Culture and recreation 25,800 165,171 42,570 122,601
Capital outlay 2,430,189 2,290,818 192,501 2,098,317
Total expenditures 2,455,989 2,455,989 235,071 2,220,918
Excess (deficiency) of revenues over
expenditures (1,935,487) (1,935,487) 257,061 2,192,548
Other financing sources:
Transfers in - - - -
Total other financing sources - - - -
Change in fund balances (1,935,487) (1,935,487) 257,061 2,192,548
Fund balances (deficits), July 1, 2020 - - 2,872,629 2,872,629
Fund balances (deficits), June 30, 2021 (1,935,487)$ (1,935,487)$ 3,129,690$ 5,065,177$
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, 2021
Park Impact Fees
129
PAG Capital
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Licenses, fees & permits 48,112$ 48,112$ 28,703$ (19,409)$
Contributions - - - -
Total revenues 48,112 48,112 28,703 (19,409)
Expenditures:
Current -
Highways and streets
Capital outlay 48,112 48,112 30,578 17,534
Total expenditures 48,112 48,112 30,578 17,534
Excess (deficiency) of revenues over
expenditures - - (1,875) (1,875)
Other financing sources (uses):
Transfers out - - - -
Total other financing sources (uses)- - - -
Change in fund balances - - (1,875) (1,875)
Fund balances (deficits), July 1, 2020 - - (625) (625)
Fund balances (deficits), June 30, 2021 -$ -$ (2,500)$ (2,500)$
TOWN OF MARANA, ARIZONA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - PAG CAPITAL
YEAR ENDED JUNE 30, 2021
130
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Sales tax 228,500$ 228,500$ 220,493 (8,007)$
Total revenues 228,500 228,500 220,493 (8,007)
Expenditures:
Current -
Economic and community development 450,000 450,000 - 450,000
Capital outlay 343,595 343,595 10,040 333,555
Total expenditures 793,595 793,595 10,040 783,555
Excess (deficiency) of revenues over
expenditures (565,095) (565,095) 210,453 775,548
Other financing sources (uses):
Transfers in - - - -
Total other financing sources (uses)- - - -
Change in fund balances (565,095) (565,095) 210,453 775,548
Fund balances (deficits), July 1, 2020 - - 1,314,081 (1,314,081)
Fund balances (deficits), June 30, 2021 (565,095)$ (565,095)$ 1,524,534$ (538,533)$
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, 2021
Downtown Reinvestment
131
Other Captial Projects
Original Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Intergovernmental 2,010,000$ 2,010,000$ 1,726$ (2,008,274)$
Licenses, fees & permits 228,312 228,312 260,315 32,003
Contributions 35,000 35,000 30,784 (4,216)
Investment income - - - -
Total revenues 2,273,312 2,273,312 292,825 (1,980,487)
Expenditures:
Highways and streets 35,000 35,000 21,975 13,025
Culture and recreation - - - -
Capital outlay 4,578,767 4,028,767 2,017,245 2,011,522
Total expenditures 4,613,767 4,063,767 2,039,220 2,024,547
Excess (deficiency) of revenues over (2,340,455) (1,790,455) (1,746,395) 44,060
expenditures
Other financing sources (uses):
Transfers in - - - -
Transfers out - - - -
Total other financing sources (uses) - - - -
Changes in fund balances (2,340,455) (1,790,455) (1,746,395) 44,060
Fund balances (deficits), July 1, 2020 - - 2,710,891 2,710,891
Fund balances (deficits), June 30, 2021 (2,340,455)$ (1,790,455)$ 964,496$ 2,754,951$
TOWN OF MARANA, ARIZONA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - OTHER CAPITAL PROJECTS
YEAR ENDED JUNE 30, 2021
132
Original Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Property tax 96,106$ 96,106$ 95,686$ (420)$
Total revenues 96,106 96,106 95,686 (420)
Expenditures:
Current -
General government 684,402 684,402 2,738 681,664
Capital outlay - - - -
Total expenditures 684,402 684,402 2,738 681,664
Excess (deficiency) of revenues over
expenditures (588,296) (588,296) 92,948 681,244
Other financing sources (uses):
Transfers out - - - -
Total other financing sources (uses)- - - -
Change in fund balances (588,296) (588,296) 92,948 681,244
Fund balances (deficits), July 1, 2020 - - 747,707 747,707
Fund balances (deficits), June 30, 2021 (588,296)$ (588,296)$ 840,655$ 1,428,951$
Gladden Farms Community Facilities District Capital
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, 2021
133
Original Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Property tax 56,621$ 56,621$ 56,452$ (169)$
Contributions - - - -
Total revenues 56,621 56,621 56,452 (169)
Expenditures:
Current -
General government 219,500 219,500 1,405 218,095
Capital outlay - - - -
Debt service -
Bond issuance costs - - - -
Total expenditures 219,500 219,500 1,405 218,095
Excess (deficiency) of revenues over
expenditures (162,879) (162,879) 55,047 217,926
Other financing sources (uses):
Bond proceeds - - - -
Total other financing sources (uses)- - - -
Change in fund balances (162,879) (162,879) 55,047 217,926
Fund balances (deficits), July 1, 2020 - - 166,392 166,392
Fund balances (deficits), June 30, 2021 (162,879)$ (162,879)$ 221,439$ 384,318$
Saguaro Springs Capital
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, 2021
134
NON-MAJOR DEBT SERVICE FUNDS
Debt Service Funds are created to account for the accumulation of resources for, and the
payment of, general long-term debt principal and interest.
2013 Bond Debt Service Fund – This fund accounts for the accumulation of resources and
payment of principal and interest on the series 2013 revenue bonds. The Town has pledged
Town sales tax revenue and state shared revenues to make the required payments for this
series.
2014 Bond Debt Service Fund – This fund accounts for the accumulation of resources and
payment of principal and interest on the series 2014 revenue bonds. The Town has pledged
Town sales tax revenue and state shared revenues to make the required payments for this
series.
2017 Bond Debt Service Fund – This fund accounts for the accumulation of resources and
payment of principal and interest on the series 2017 revenue bonds. The Town has pledged
Town sales tax revenue and state shared revenues to make the required payments for this
series.
Gladden Farms Debt Service Fund – This fund accounts for the accumulation of resources
and payment of principal and interest on the Gladden Farms general obligation bonds.
Saguaro Springs Debt Service Fund – This fund accounts for the accumulation of resources
and payment of principal and interest on the Saguaro Springs general obligation bonds.
135
2013 Bond
Debt Service
2014 Bond
Debt Service
2017 Bond
Debt Service
ASSETS
Property taxes receivable -$ -$ -$
Interest receviable 9 - -
Prepaid items 2,000 - 2,000
Restricted cash and investments 2,460,750 757,470 1,704,750
Total assets 2,462,759$ 757,470$ 1,706,750$
LIABILITIES AND FUND BALANCES
Liabilities:
Total liabilities - - -
FUND BALANCES
Nonspendable 2,000 - 2,000
Restricted 2,460,759 757,470 1,704,750
Total fund balances 2,462,759 757,470 1,706,750
Total liabilities and fund balances 2,462,759$ 757,470$ 1,706,750$
TOWN OF MARANA, ARIZONA
COMBINING BALANCE SHEET - NON-MAJOR DEBT SERVICE FUNDS
JUNE 30, 2021
136
Gladden Farms
Debt Service
Saguaro Springs
Debt Service Totals
8,771$ 4,637$ 13,408$
- - 9
- - 4,000
655,601 390,368 5,968,939
664,372$ 395,005$ 5,986,356$
- - -
- - 4,000
664,372 395,005 5,982,356
664,372 395,005 5,986,356
664,372$ 395,005$ 5,986,356$
137
2013 Bond
Debt Service
2014 Bond
Debt Service
2017 Bond Debt
Service
Revenues:
Property Taxes -$ -$ -$
Contributions - - -
Investment income 12 9 -
Total revenues 12 9 -
Expenditures:
Capital Outlay - - -
Debt service -
Principal retirement 1,795,000 696,000 1,235,000
Interest and fiscal charges 1,239,400 95,814 856,200
Bond Issuance Costs - - -
Total expenditures 3,034,400 791,814 2,091,200
Excess (deficiency) of revenues over
expenditures (3,034,388) (791,805) (2,091,200)
Other financing sources (uses):
Issuance of debt - - -
Premium on bonds issued - - -
Transfers in 3,065,489 801,929 2,123,500
Total other financing sources (uses)3,065,489 801,929 2,123,500
Change in fund balances 31,101 10,124 32,300
Fund balances, beginning of year 2,431,658 747,346 1,674,450
Fund balances, end of year 2,462,759$ 757,470$ 1,706,750$
TOWN OF MARANA, ARIZONA
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES -
NON-MAJOR DEBT SERVICE FUNDS
YEAR ENDED JUNE 30, 2021
138
Gladden Farms
Debt Service
Saguaro
Springs Debt
Service Totals
797,698$ 470,291$ 1,267,989$
16,588 - 16,588
29 - 50
814,315 470,291 1,284,627
4,051,617 - 4,051,617
410,000 160,000 4,296,000
330,780 203,025 2,725,219
216,360 - 216,360
5,008,757 363,025 11,289,196
(4,194,442) 107,266 (10,004,569)
4,155,000 - 4,155,000
114,985 - 114,985
- - 5,990,918
4,269,985 - 10,260,903
75,543 107,266 256,334
588,829 287,739 5,730,022
664,372$ 395,005$ 5,986,356$
139
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Property Taxes -$ -$ -$ -$
Contributions - - - -
Investment income - - 12 12
Total revenues - - 12 12
Expenditures:
Debt service -
Principal retirement 1,795,000 1,795,000 1,795,000 -
Interest and fiscal charges 1,239,400 1,239,400 1,239,400 -
Total expenditures 3,034,400 3,034,400 3,034,400 -
Excess (deficiency) of revenues over
expenditures (3,034,400) (3,034,400) (3,034,388) 12
Other financing sources (uses):
Transfers in 3,063,500 3,063,500 3,065,489 (1,989)
Transfers out - - - -
Total other financing sources (uses)3,063,500 3,063,500 3,065,489 (1,989)
Change in fund balances 29,100 29,100 31,101 2,001
Fund balances (deficits), July 1, 2020 - - 2,431,658 2,431,658
Fund balances (deficits), June 30, 2021 29,100$ 29,100$ 2,462,759$ 2,433,659$
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, 2021
2013 Bond Debt Service
140
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Property Taxes -$ -$ -$ -$
Contributions - - - -
Investment income - - 9 9
Total revenues - - 9 9
Expenditures:
Debt service -
Principal retirement 696,000 696,000 696,000 -
Interest and fiscal charges 95,815 95,815 95,814 1
Total expenditures 791,815 791,815 791,814 1
Excess (deficiency) of revenues over
expenditures (791,815) (791,815) (791,805) 10
Other financing sources (uses):
Transfers in 801,941 801,941 801,929 12
Transfers out - - - -
Total other financing sources (uses)801,941 801,941 801,929 12
Change in fund balances 10,126 10,126 10,124 (2)
Fund balances (deficits), July 1, 2020 - - 747,346 747,346
Fund balances (deficits), June 30, 2021 10,126$ 10,126$ 757,470$ 747,344$
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, 2021
2014 Bond Debt Service
141
Original
Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Property Taxes -$ -$ -$ -$
Contributions - - - -
Investment income - - - -
Total revenues - - - -
Expenditures:
Debt service -
Principal retirement 1,235,000 1,235,000 1,235,000 -
Interest and fiscal charges 856,200 856,200 856,200 -
Total expenditures 2,091,200 2,091,200 2,091,200 -
Excess (deficiency) of revenues over
expenditures (2,091,200) (2,091,200) (2,091,200) -
Other financing sources (uses):
Transfers in 2,121,500 2,121,500 2,123,500 (2,000)
Transfers out - - - -
Total other financing sources (uses)2,121,500 2,121,500 2,123,500 (2,000)
Change in fund balances 30,300 30,300 32,300 2,000
Fund balances (deficits), July 1, 2020 - - 1,674,450 1,674,450
Fund balances (deficits), June 30, 2021 30,300$ 30,300$ 1,706,750$ 1,676,450$
TOWN OF MARANA, ARIZONA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR DEBT SERVICE FUNDS
2017 BOND DEBT SERVICE
YEAR ENDED JUNE 30, 2021
2017 Bond Debt Service
142
Original Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Property Taxes 800,885$ 800,885$ 797,698$ (3,187)$
Contributions 217,360 217,360 16,589 (200,771)
Investment income - - 29 29
Total revenues 1,018,245 1,018,245 814,316 (203,929)
Expenditures:
Capital Outlay 4,055,000 4,055,000 4,051,617 3,383
Debt service -
Principal retirement 500,000 500,000 410,000 90,000
Interest and fiscal charges 517,744 517,744 330,780 186,964
Bond Issuance Costs 245,000 245,000 216,360 28,640
Total expenditures 5,317,744 5,317,744 5,008,757 308,987
Excess (deficiency) of revenues over
expenditures (4,299,499) (4,299,499) (4,194,441) 105,058
Other financing sources (uses):
Issuance of debt 4,300,000 4,300,000 4,155,000 145,000
Premium on bonds issued - - 114,984 (114,984)
Total other financing sources (uses)4,300,000 4,300,000 4,269,984 30,016
Change in fund balances 501 501 75,543 75,042
Fund balances (deficits), July 1, 2020 - - 588,829 588,829
Fund balances (deficits), June 30, 2021 501$ 501$ 664,372$ 663,871$
Gladden Farms Debt Service
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, 2021
143
Original Budget Final Budget Actual
Variance -
Positive
(Negative)
Revenues:
Property Taxes 471,845$ 471,845$ 470,291$ (1,554)$
Contributions 877 877 - (877)
Investment income - - - -
Total revenues 472,722 472,722 470,291 (2,431)
Expenditures:
Capital Outlay 1,515,000 1,515,000 - 1,515,000
Debt service -
Principal retirement 190,000 190,000 160,000 30,000
Interest and fiscal charges 282,722 282,722 203,025 79,697
Bond Issuance Costs 235,000 235,000 - 235,000
Total expenditures 2,222,722 2,222,722 363,025 1,859,697
Excess (deficiency) of revenues over
expenditures (1,750,000) (1,750,000) 107,266 1,857,266
Other financing sources (uses):
Issuance of debt 1,750,000 1,750,000 - 1,750,000
Premium on bonds issued - - - -
Total other financing sources (uses)1,750,000 1,750,000 - 1,750,000
Change in fund balances - - 107,266 107,266
Fund balances (deficits), July 1, 2020 - - 287,739 287,739
Fund balances (deficits), June 30, 2021 -$ -$ 395,005$ 395,005$
TOWN OF MARANA, ARIZONA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN
FUND BALANCES - BUDGET AND ACTUAL - NON-MAJOR DEBT SERVICE FUNDS
SAGUARO SPRINGS DEBT SERVICE
YEAR ENDED JUNE 30, 2021
Saguaro Springs Debt Service
144
STATISTICAL INFORMATION
145
TOWN OF MARANA, ARIZONA
STATISTICAL SECTION
JUNE 30, 2021
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.
Schedule Page
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 Years 1 152
Changes in Net Position - Last Ten Fiscal Years 2 154
Fund Balances of Governmental Funds - Last Ten Fiscal Years 3 158
Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years 4 160
Revenue Capacity
These schedules contain information to help users understand and assess the Town's local revenue
source, the property tax.
Governmental Activities Tax Revenues by Source - Last Ten Years 5 164
Assessed Value, Estimated Actual Value and Assessment Ratios of Taxable Property - 6 165
Last Ten Years
Property Tax Rates - Direct and Overlapping Governments - Last Ten Years 7 166
Principal Property Taxpayers - Current Year and Nine Years Ago 8 168
Property Tax Levies and Collections - Last Ten Fiscal Years 9 169
Tangerine Farms Road Improvement District Active Assessments 10 170
Sales Tax by Industry - Last Ten Years 11 182
Excise Tax Collections - Last Ten Years 12 184
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 Years 13 186
Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years 14 187
Direct and Overlapping Governmental Activities Debt 15 188
Legal Debt Margin Information 16 189
Pledged-Revenue Coverage - Last Ten Fiscal Years 17 190
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 Years 18 192
Principal Employers - Current Year and Nine Years Ago 19 193
Principal Retail and Contracting Sales Taxpayers - Current Year and Nine Years Ago 20 194
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 Years 21 195
Single Family Residential Permits Issued - Last Ten Years 22 196
Capital Assets Statistics by Function 23 197
146
Schedule 1
2012 2013 2014 2015
(as restated)
Governmental activities
Net investment in capital assets 194,287$ 184,949$ 189,171$ 190,297$
Restricted 29,004 62,437 58,820 36,418
Unrestricted 39,911 1,384 (283) (4,283)
Total governmental activities net position 263,202 248,770 247,708 222,432
Business-type activities
Net investment in capital assets 112,528 111,045 109,111 109,649
Restricted 146 219 293 365
Unrestricted (17,519) (2,677) (208) 984
Total business-type activities net position 95,155 108,587 109,196 110,998
Primary government
Net investment in capital assets 306,815 295,994 298,282 299,946
Restricted 29,150 62,656 59,113 36,783
Unrestricted 22,392 (1,293) (491) (3,299)
Total primary government net position 358,357$ 357,357$ 356,904$ 333,430$
Source: Statement of Net Position
(Amounts expressed in thousands)
TOWN OF MARANA
NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS
(Accrual basis of accounting)
147
Schedule 1
2016 2017 2018 2019 2020 2021
(as restated)(as restated)
193,845$ 210,137$ 236,208$ 243,685$ 244,996$ 243,692$
43,127 31,163 17,242 19,985 21,837 21,675
(6,492) 5,119 16,272 16,827 27,323 48,120
230,480 246,419 269,722 280,497 294,156 313,487
112,357 101,524 95,777 97,435 102,911 106,166
365 365 365 366 770 1,128
1,313 16,319 (4,285) (2,176) 2,332 7,673
114,035 118,208 91,857 95,625 106,013 114,967
306,202 311,661 331,985 341,120 347,907 349,858
43,492 31,528 17,607 20,351 22,607 22,803
(5,179) 21,439 11,987 14,651 29,655 55,793
344,515$ 364,628$ 361,579$ 376,122$ 400,169$ 428,454$
148
Schedule 2
2012 2013 2014 2015
Expenses
Governmental activities:
General government 10,833$ 9,532$ 10,662$ 14,707$
Public safety 10,206 11,777 12,134 14,324
Highways and streets 17,233 18,327 19,053 18,522
Health & Welfare 23 23 23 -
Culture & recreation 2,173 3,831 3,131 4,433
Economic & community development 4,258 4,123 4,691 4,796
Interest on long-term debt 4,721 4,312 4,543 4,106
Total governmental activities expenses 49,447 51,925 54,237 60,888
Business-type activities:
Airport 1,112 1,179 1,197 1,289
Wastewater 3,831 2,599 2,756 3,431
Water 3,074 3,779 5,244 4,150
Total business-type activities expenses 8,017 7,557 9,197 8,870
Total primary government expenses 57,464$ 59,482$ 63,434$ 69,758$
Program Revenues
Governmental activities:
Charges for services:
General government 881$ 975$ 941$ 4,490$
Culture and recreation 134 216 200 305
Economic & community development 2,513 3,906 3,386 4,585
Operating grants and contributions 3,202 3,747 4,442 4,360
Capital grants and contributions 9,017 12,373 10,268 11,281
Total government activities program revenues 15,747 21,217 19,237 25,021
Business-type activities:
Charges for services:
Airport 233 239 248 239
Wastewater 241 730 834 933
Water 3,281 3,455 3,766 4,146
Capital grants and contributions 60,207 1,958 2,534 4,015
Total business-type activity program revenues 63,962 6,382 7,382 9,333
Total primary government program revenues 79,709 27,599 26,619 34,354
Net (expense)/revenue
Governmental activities (33,700) (33,699) (35,000) (35,867)
Business-type activities 55,945 55,944 (1,815) 463
Total primary government net expense 22,245$ 22,245$ (36,815)$ (35,404)$
TOWN OF MARANA
CHANGES IN NET POSITION
LAST TEN FISCAL YEARS
(Accrual basis of accounting)
(Amounts expressed in thousands)
149
Schedule 2
2016 2017 2018 2019 2020 2021
17,531$ 19,393$ 18,492$ 23,846$ 21,040$ 22,578$
14,423 16,736 16,114 16,059 19,981 19,223
22,659 40,172 27,893 21,629 25,004 25,729
- 278 236 453 442 461
3,422 6,006 5,147 5,294 6,122 5,861
4,779 4,902 4,328 4,076 4,174 4,159
3,962 2,335 3,077 1,858 2,485 2,346
66,776 89,822 75,287 73,215 79,248 80,357
1,829 1,772 1,816 1,395 1,393 1,645
3,662 3,983 4,598 5,276 4,136 5,346
4,405 5,368 5,979 6,178 6,750 7,796
9,896 11,123 12,393 12,849 12,279 14,787
76,672$ 100,945$ 87,680$ 86,064$ 91,527$ 95,144$
4,787$ 4,909$ 5,073$ 5,007$ 5,453$ 5,863$
265 287 324 317 197 179
4,027 4,355 4,993 5,260 5,396 6,626
4,507 4,619 4,665 2,259 8,470 14,465
17,157 44,371 25,856 13,679 15,047 10,839
30,743 58,541 40,911 26,522 34,563 37,972
247 251 294 329 373 420
1,016 1,065 1,502 1,626 1,873 2,365
4,243 5,064 5,609 5,750 6,260 7,373
5,214 5,941 9,890 8,977 13,604 13,462
10,720 12,321 17,295 16,682 22,110 23,620
41,463 70,862 58,206 43,204 56,673 61,592
(36,033) (31,281) (34,376) (46,693) (44,685) (42,385)
824 1,198 4,902 3,833 9,831 8,833
(35,209)$ (30,083)$ (29,474)$ (42,860)$ (34,854)$ (33,552)$
150
Schedule 2
2012 2013 2014 2015
General Revenues and Other Changes in
Net Position
Governmental activities:
General revenues
City sales taxes 24,539$ 24,768$ 26,226$ 28,059$
Property taxes 506 447 421 442
Franchise fees 333 349 377 401
State shared revenues 6,943 7,714 8,273 8,820
Investment income (loss)97 152 171 149
Miscellaneous 803 737 854 813
Gain on sale of assets - 36 - 116
Transfers 329 (15,912) (2,384) (404)
Total governmental activities 33,550 18,291 33,938 38,396
Business-type activities:
General revenues
Investment income 1 2 1 9
Miscellaneous 1 19 39 19
Transfers (329) 15,911 2,384 404
Special item - (1,326) - -
Total business-type activities (327) 14,606 2,424 432
Total primary government 33,223 32,897 36,362 38,828
Change in Net Position
Governmental activities (150) (15,408) (1,062) 2,529
Business-type activities 55,618 70,550 609 895
Total primary government 55,468$ 55,142$ (453)$ 3,424$
Source: Statement of Activities
(Amounts expressed in thousands)
TOWN OF MARANA
CHANGES IN NET POSITION
LAST TEN FISCAL YEARS
(Accrual basis of accounting)
151
Schedule 2
2016 2017 2018 2019 2020 2021
35,442$ 37,500$ 41,689$ 41,680$ 40,705$ 42,847$
482 509 553 834 1,161 1,420
447 488 507 513 549 585
9,039 10,619 11,506 12,013 13,098 15,372
173 238 663 1,954 1,965 484
676 744 885 1,163 1,001 1,002
- - - - - -
(2,177) (2,878) 1,875 (688) (136) 5
44,082 47,220 57,678 57,469 58,343 61,715
16 43 187 77 57 4
19 54 30 21 364 123
2,177 2,878 (1,875) 688 136 (5)
- - - - - -
2,212 2,975 (1,658) 786 557 122
46,294 50,195 56,020 58,255 58,900 61,837
8,049 15,939 23,302 10,776 13,658 19,330
3,036 4,173 3,244 4,619 10,388 8,955
11,085$ 20,112$ 26,546$ 15,395$ 24,046$ 28,285$
152
Schedule 3
2012 2013 2014 2015 2016
General Fund
Nonspendable 293$ 2,803$ 2,540$ 2,282$ 2,418$
Unassigned 18,004 18,115 21,123 22,309 20,425
Total general fund 18,297 20,918 23,663 24,591 22,843
All other governmental funds
Nonspendable -$ -$ 33$ -$ 3$
Restricted 29,821 47,616 40,774 40,771 48,486
Committed - - - - -
Unassigned (816) (444) (472) (863) (525)
Total all other governmental funds 29,005$ 47,172$ 40,335$ 39,908$ 47,964$
Total fund balance of governmental funds 47,302$ 68,090$ 63,998$ 64,499$ 70,807$
2017 2018 2019 2020 2021
General Fund
Nonspendable 2,367$ 4,853$ 4,513$ 4,103$ 3,029$
Unassigned 22,640 24,735 32,043 42,008 68,327
Total general fund 25,007 29,588 36,556 46,111 71,356
All other governmental funds
Nonspendable 1$ 261$ 1$ 4$ 13$
Restricted 49,960 44,989 42,068 31,001 29,108
Committed - - - 14,862 13,970
Unassigned (1,908) (2,405) (562) (873) (968)
Total all other governmental funds 48,053$ 42,845$ 41,507$ 44,994$ 42,123$
Total fund balance of governmental funds 73,060$ 72,433$ 78,063$ 91,105$ 113,479$
Source: Governmental Fund Statements
TOWN OF MARANA
FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(Modified accrual basis of accounting)
(Amounts expressed in thousands)
153
Schedule 4
2012 2013 2014 2015
Revenues
Sales taxes 24,539$ 24,768$ 26,226$ 28,058$
Property taxes 506 497 424 447
Intergovernmental revenues 14,960 18,000 12,732 14,927
Licenses, fees and permits 4,906 8,586 6,549 7,048
Fines, forfeitures and penalties 752 871 831 889
Charges for services 456 379 509 692
Lease Income 92 105 99 96
Special assessments 2,302 2,337 2,176 2,050
Contributions 537 589 1,098 583
Investment earnings 97 152 171 149
Miscellaneous 636 804 927 853
Total revenues 49,783 57,088 51,742 55,792
Expenditures
General government 8,481 7,860 8,953 9,652
Public safety 10,590 12,067 11,952 13,886
Highways and streets 3,657 4,026 4,214 5,441
Health and welfare - - - -
Economic and community development 4,259 4,479 4,508 4,351
Culture and recreation 2,604 2,859 3,195 3,598
Capital outlay 7,040 3,700 4,453 9,885
Debt service
Principal 6,059 4,177 10,338 3,412
Interest 4,635 4,408 4,522 4,491
Other charges - 521 97 -
Total expenditures 47,325 44,097 52,232 54,716
Excess of revenues
over (under) expenditures 2,458 12,991 (490) 1,076
Fiscal Year
TOWN OF MARANA
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(Modified accrual basis of accounting)
(Amounts expressed in thousands)
154
Schedule 4
2016 2017 2018 2019 2020 2021
35,442$ 37,500$ 41,689$ 41,680$ 40,705$ 42,847$
489 521 572 834 1,161 1,420
20,537 43,261 30,919 20,040 22,967 31,527
6,243 7,078 8,617 10,034 9,092 10,749
750 728 750 637 591 496
500 563 684 718 535 541
90 113 136 148 157 159
2,129 2,340 989 2,869 2,091 2,298
1,216 214 87 49 65 66
173 238 663 1,954 1,965 484
376 460 512 757 667 643
67,945 93,016 85,618 79,720 79,996 91,230
12,017 13,347 12,949 14,021 14,927 14,416
14,068 14,477 14,774 15,502 18,352 16,967
5,796 6,037 4,893 5,031 6,821 6,222
- 365 229 290 284 350
4,146 4,642 4,452 4,744 4,605 4,540
3,710 4,266 4,903 4,613 4,207 4,225
11,840 34,275 40,960 24,478 11,094 17,097
-
3,992 5,083 2,260 5,463 6,563 6,319
4,212 3,882 2,745 3,105 2,984 2,910
-1,023 - 314 385 216
59,781 87,397 88,165 77,561 70,222 73,262
8,164 5,619 (2,547) 2,159 9,774 17,968
155
Schedule 4
2012 2013 2014 2015
Other financing sources (uses)
Transfers in 5,998 19,700 14,155 6,380
Transfers out (5,669) (35,611) (16,540) (6,955)
Proceeds from sale of capital assets - 57 - -
Capitalized interest - - - -
Issuance of debt - 34,780 6,493 -
Premium on bonds issued - 3,031 - -
Payments to refunded bond escrow agent - (14,160) (14,160) -
Total other financing sources (uses) 329 7,797 (10,052) (575)
Net change in fund balance 3,767$ 13,320$ 7,307$ (8,976)$
Debt service as a percentage of
noncapital expenditures 36.1%28.4%36.8%15.6%
Source: Governmental Fund Statements
Fiscal Year
TOWN OF MARANA
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(Modified accrual basis of accounting)
(Amounts expressed in thousands)
156
Schedule 4
2016 2017 2018 2019 2020 2021
6,498 7,680 12,607 6,082 11,401 8,471
(8,675) (10,558) (10,732) (6,770) (11,532) (8,467)
321 45 46 226 135 132
- 178 - - - -
- 42,065 - 3,845 3,195 4,155
- 4,089 - 88 69 115
- (46,865) - - - -
(1,856) (3,366) 1,921 3,471 3,268 4,406
(575)$ 2,253$ (626)$ 5,630$ 13,042$ 22,374$
14.9%11.7%6.4%13.9%15.7%15.5%
157
Schedule 5
Fiscal
Year Sales Tax
Highway User
Revenue taxes Total
2021 42,846$ 3,956$ 46,802$
2020 40,705 3,826 44,531
2019 41,681 3,608 45,289
2018 41,672 3,316 45,005
2017 37,418 3,099 40,599
2016 35,374 2,623 38,065
2015 27,974 2,484 30,458
2014 25,958 2,286 28,244
2013 24,618 2,257 26,875
2012 24,300 2,061 26,361
Source: Statement of Revenues, Expenditures and Changes in Fund Balances
(Amounts expressed in thousands)
TOWN OF MARANA
GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE
LAST TEN FISCAL YEARS
(Accrual basis of accounting)
158
Schedule 6TOWN OF MARANA
ASSESSED VALUE AND ESTIMATED ACTUAL OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
(Amounts expressed in thousands)
Fiscal
Year
Ended
June 30 Tax Year
Residential
Property
Commercial
Property
Less: Tax
Exempt Real
Property
Net
Assessed
Value
Total
Direct Tax
Rate
Limited Full
Cash Value
Ratio of
Net
Assessed
to Full Cash
Value
2022 2021 480,657$ 233,235$ 42,820$ 671,072 8.4000 6,187,303 10.8%
2021 2020 438,390 224,390 42,530 620,250 8.4000 5,715,806 10.9%
2020 2019 399,814 222,348 42,749 579,413 8.7000 5,319,890 10.9%
2019 2018 362,265 214,295 41,518 535,042 5.8400 4,898,582 10.9%
2018 2017 333,217 217,618 45,746 505,089 3.7000 4,641,025 10.9%
2017 2016 310,243 210,060 46,818 473,485 3.7000 4,360,394 10.9%
2016 2015 238,994 251,902 45,889 445,007 3.7000 4,036,488 11.0%
2015 2014 259,179 210,256 43,910 425,525 3.7000 3,787,907 11.2%
2014 2013 239,380 197,401 40,974 395,807 3.7000 3,499,549 11.3%
2013 2012 247,654 216,410 34,642 429,422 3.7000 3,676,365 11.7%
Source: Pima County Assessor's Office Abstract of the Assessment Roll
159
Schedule 7
Fiscal
Year
Tax
Year
Pima County
(General
Fund)
Road Tax County Library
District
Debt
Service
Flood
Control
District
State
Education
Equalization
Assistance
Tax
2021/22 2021 3.8764 - 0.5353 0.4500 0.3335 0.4263
2020/21 2020 3.9220 - 0.5353 0.5200 0.3335 0.4426
2019/20 2019 3.9996 - 0.5353 0.6900 0.3335 0.4566
2018/19 2018 4.0696 - 0.5153 0.6900 0.3335 0.4741
2017/18 2017 4.2096 0.2500 0.5053 0.7000 0.3135 0.4875
2016/17 2016 4.2896 - 0.5153 0.7000 0.3335 0.5010
2015/16 2015 4.3877 - 0.5153 0.7000 0.3135 0.5054
2014/15 2014 4.2779 - 0.4353 0.7000 0.3035 0.5089
2013/14 2013 3.6665 - 0.3753 0.7800 0.2635 0.5123
2012/13 2012 3.4178 - 0.3460 0.7800 0.2635 0.4717
Fiscal
Year
Tax
Year
Central
Arizona Water
Conservation
District
Marana
School District
Total
Overlapping
Rates
Town of
Marana
Gladden
Farms
Community
Facilities
District
Gladden
Farms II
Community
Facilities
District
2021/22 2021 0.1400 5.9491 22.5583 - 2.8000 2.8000
2020/21 2020 0.1400 5.7594 22.7137 - 2.8000 2.8000
2019/20 2019 0.1400 5.8650 23.2976 - 2.8000 2.8000
2018/19 2018 0.1400 6.0840 23.6850 - 2.4400 0.3000
2017/18 2017 0.1400 6.2334 24.1015 - 2.8000 0.3000
2016/17 2016 0.1400 6.3871 24.1757 - 2.8000 0.3000
2015/16 2015 0.1400 6.3370 23.8575 - 2.8000 0.3000
2014/15 2014 0.1400 6.2288 23.5167 - 2.8000 0.3000
2013/14 2013 0.1400 6.0085 22.8209 - 2.8000 0.3000
2012/13 2012 0.1000 5.5863 20.9958 - 2.8000 0.3000
Notes:
1) The Flowing Wells School District (a school district of approximately
13 miles) intersects approximately one mile of the Town's boundaries.
Marana School District covers the remaining approximate 69 miles of
the Town's boundaries.
2) The Town intersects several fire districts. Prior to fiscal year 1999,
the Town contracted for fire service for the Town until fire districts
could be established.
3) The Pima County Flood Control District tax levy applies only to real
property.
4) Primary and secondary tax rates are assessed per $100 of the net
assessed value and are set by the County Board of Supervisors
or governing board of taxing jurisdiction.
Source: Pima County
TOWN OF MARANA
PROPERTY TAX RATES
DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
160
Schedule 7
Flowing
Wells School
District
Community
College
District
Northwest
Fire District
Fire District
Assistance
6.4855 1.2733 3.0495 0.0394
6.6839 1.3359 2.9995 0.0416
6.8539 1.3758 3.0049 0.0430
6.8860 1.3983 3.0501 0.0441
6.7539 1.389 3.0734 0.0459
6.8971 1.3733 2.9920 0.0468
6.6292 1.3689 2.9138 0.0467
6.6135 1.3344 2.9272 0.0472
6.7146 1.2933 3.0213 0.0456
5.9778 1.1741 2.8339 0.0447
Vanderbilt
Farms
Community
Facilities
District
Saguaro
Springs
Community
Facilities
District
Total
Direct
Rates
Total Direct
&
Overlapping
Rates
- 2.8000 8.4000 30.9583
- 2.8000 8.4000 31.1137
0.3000 2.8000 8.7000 31.9976
0.3000 2.8000 5.8400 29.5250
0.3000 0.3000 3.7000 27.8015
0.3000 0.3000 3.7000 27.8757
0.3000 0.3000 3.7000 27.5575
0.3000 0.3000 3.7000 27.2167
0.3000 0.3000 3.7000 26.5209
0.3000 0.3000 3.7000 24.6958
161
Schedule 8
Taxpayer Full Cash Value Rank
Percentage
of Total
Taxable
Assessed
Value
Full Cash
Value Rank
Percentage
of Total
Taxable
Assessed
Value
UNISOURCE ENERGY CORPORATION 12,981 1 26.9%- --
HSL COTTONWOOD RC HOTEL LLC 6,910 2 14.3%- --
TUCSON PREMIUM OUTLETS LLC 6,711 3 13.9%- --
MARANA HEALTH CENTER INC 3,956 4 8.2%- --
FRYS FOOD STORE OF ARIZONA 3,885 5 8.1%- --
TRICO ELECTRIC COOP INC 3,554 6 7.4%- --
HSL ENCANTADA CONTINENTAL RESERVE 3,093 7 6.4%- --
SOUTHWEST GAS CORPORATION 2,819 8 5.8%- --
UNION PACIFIC RAILROAD 2,752 9 5.7%- --
WAL-MART STORES INC 1,582 10 3.3%- --
FIDELITY NATIONAL TITLE TR 30212 3,222 1 25.2%
SMITH FOOD & DRUG CENTERS 1,907 2 14.9%
PULTE HOME CORPORATION 1,415 3 11.1%
GLADDEN 25 LLC 1,388 4 10.9%
WEINGARTEN NEWQUIST LLC 1,113 5 8.7%
FREEDBER BARRY & FREEDBRG BELLA 871 6 6.8%
WALGREEN ARIZONA DRUG CO 795 7 6.2%
FIDELITY NATIONAL TITLE TR 60360 765 8 6.0%
FEDERAL NATIONAL MORTGAGE ASSN 719 9 5.6%
OS REALITY LLC 595 10 4.7%
Totals 48,242$ 12,790$
Notes:
1) The Town of Marana does not impose a property tax.
Source: Pima County Assessor's Office - IS Dept
(Information System's Coordinator)
20122021
TOWN OF MARANA
PRINCIPAL PROPERTY TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
(Amounts expressed in thousands)
162
Schedule 9TOWN OF MARANA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
(Amounts expressed in thousands)
Collected within the Fiscal Year
of the Levy Total Collections to Date
Fiscal Year
Ended June
30
Total Tax Levy for
Fiscal Year Amount
Percentage
of Levy Amount
Percentage
of Levy
2021 1,426$ 1,420 99.58%1,420 99.58%
2020 1,163 1,158 99.57%1,163 100.00%
2019 834 830 99.52%832 99.76%
2018 571 569 99.65%570 99.82%
2017 521 517 99.23%521 100.00%
2016 489 485 99.18%488 99.80%
2015 448 444 99.11%448 100.00%
2014 423 419 99.05%422 99.76%
2013 471 463 98.30%469 99.58%
2012 514 499 97.08%502 97.67%
Notes:
1) The Town does not impose a property tax; levies .
directly related to the Gladden Farms Community Facilities District I and II, and Saguaro
Springs.
Source: Pima County Treasurer's Office
163
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
242-B3-1 215-01-003S INTERNATIONAL CENTER
TUCSON LLC &
SECUNDUS TUCSON LLC
$52,594.14 $33,919.12 $3,778,800.00 78,565 Commercial
242-B3-2 215-01-003W INTERNATIONAL CENTER
TUCSON LLC &
SECUNDUS TUCSON LLC
49,379.55 31,845.96 296,239.00 73,738 Commercial
237 217-53-040A TOWN OF MARANA 71,959.10 46,408.02 34,000.00 1,019,739 Park
238/239-2 217-53-8090 GLADDEN 25 LLC 20,407.15 13,161.02 100,585.00 57,477 Residential and
Commercial
238/239-3 217-53-8100 GLADDEN 25 LLC 21,784.14 14,049.07 107,366.00 61,352 Residential and
Commercial
238/239-4 217-53-8110 GLADDEN 25 LLC 20,979.61 13,530.21 103,336.00 59,049 Residential and
Commercial
238/239-5 217-53-8120 GLADDEN 25 LLC 18,999.25 12,253.03 93,630.00 53,503 Residential and
Commercial
238/239-6 217-53-8130 GLADDEN 25 LLC 20,144.14 12,991.40 99,255.00 56,717 Residential and
Commercial
238/239-7 217-53-8140 GLADDEN 25 LLC 15,456.22 9,968.06 76,167.00 43,524 Residential and
Commercial
238/239-8 217-53-8150 GLADDEN 25 LLC 35,461.12 22,869.66 174,757.00 99,861 Residential and
Commercial
238/239-9 217-53-8160 GLADDEN 25 LLC 32,830.94 21,173.40 161,761.00 92,435 Residential and
Commercial
238/239-10 217-53-8170 GLADDEN 25 LLC 30,974.33 19,976.04 152,591.00 87,195 Residential and
Commercial
230-3 217-54-0130 Gladden Phase II, LLC 330,322.98 213,032.58 15,066.00 1,215,324 Residential and
Commercial
230-4 217-54-0140 Northwest Medical Center 684,379.91 441,371.70 31,212.00 2,517,768 Hospital
230-6 217-54-0160 Gladden Phase II, LLC 375,574.12 242,216.03 11,961.00 964,854 Residential and
Commercial
230-7 217-54-0180 Gladden Phase II, LLC 429,227.55 276,818.31 14,742.00 1,189,188 Residential and
Commercial
230-8 217-54-0190 Gladden Phase II, LLC 358,566.94 231,247.72 16,351.00 1,318,997 Residential and
Commercial
230-11 217-54-0220 Gladden Phase II, LLC 708,991.95 457,244.54 21,902.00 1,766,794 Residential and
Commercial
446 217-54-026A Gladden Phase II, LLC 268,326.10 173,049.41 8,375.00 675,615 Residential and
Commercial
230-16 217-54-0270 Gladden Phase II, LLC 536,534.45 346,022.89 17,809.00 1,436,609 Residential and
Commercial
347 217-54-0570 Richmond American
Homes
3,770.07 2,431.41 242,171.00 - Residential
402 217-54-1120 Richmond American
Homes
3,770.08 2,431.41 31,677.00 - Residential
404 217-54-1140 Richmond American
Homes
3,770.08 2,431.41 31,677.00 - Residential
441 217-54-2330 Richmond American
Homes
3,770.08 2,431.41 31,677.00 - Residential
553 217-54-2380 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
554 217-54-2390 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
555 217-54-2400 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
556 217-54-2410 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
557 217-54-2420 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
558 217-54-2430 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
559 217-54-2440 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
560 217-54-2450 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
561 217-54-2460 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
562 217-54-2470 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
563 217-54-2480 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
164
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
564 217-54-2490 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
565 217-54-2500 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
566 217-54-2510 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
567 217-54-2520 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
568 217-54-2530 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
569 217-54-2540 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
570 217-54-2550 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
571 217-54-2560 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
572 217-54-2570 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
573 217-54-2580 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
574 217-54-2590 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
575 217-54-2600 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
576 217-54-2610 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
577 217-54-2620 Pulte Home Company,
LLC
3,193.65 2,059.65 8,001.00 - Residential
578 217-54-2630 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
579 217-54-2640 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
580 217-54-2650 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
581 217-54-2660 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
582 217-54-2670 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
583 217-54-2680 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
584 217-54-2690 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
585 217-54-2700 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
586 217-54-2710 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
587 217-54-2720 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
588 217-54-2730 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
589 217-54-2740 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
590 217-54-2750 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
591 217-54-2760 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
592 217-54-2770 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
593 217-54-2780 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
594 217-54-2790 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
595 217-54-2800 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
596 217-54-2810 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
597 217-54-2820 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
598 217-54-2830 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
599 217-54-2840 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
165
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
600 217-54-2850 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
601 217-54-2860 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
602 217-54-2870 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
603 217-54-2880 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
604 217-54-2890 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
605 217-54-2900 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
606 217-54-2910 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
607 217-54-2920 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
608 217-54-2930 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
609 217-54-2940 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
610 217-54-2950 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
611 217-54-2960 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
612 217-54-2970 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
613 217-54-2980 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
614 217-54-2990 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
615 217-54-3000 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
616 217-54-3010 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
617 217-54-3020 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
618 217-54-3030 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
619 217-54-3040 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
620 217-54-3050 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
621 217-54-3060 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
622 217-54-3070 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
623 217-54-3080 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
624 217-54-3090 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
625 217-54-3100 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
626 217-54-3110 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
627 217-54-3120 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
628 217-54-3130 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
629 217-54-3140 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
630 217-54-3150 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
631 217-54-3160 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
632 217-54-3170 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
633 217-54-3180 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
634 217-54-3190 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
635 217-54-3200 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
166
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
636 217-54-3210 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
637 217-54-3220 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
638 217-54-3230 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
639 217-54-3240 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
640 217-54-3250 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
641 217-54-3260 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
642 217-54-3270 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
643 217-54-3280 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
644 217-54-3290 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
645 217-54-3300 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
646 217-54-3310 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
647 217-54-3320 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
648 217-54-3330 Pulte Home Company,
LLC
3,193.66 2,059.66 8,001.00 - Residential
826 217-54-342A Gladden Phase II, LLC 205,307.14 132,407.10 7,522.00 606,790 Residential and
Commercial
825 217-54-342B Marana Unified School
District
190,574.93 122,905.97 8,105.00 653,835 Residential and
Commercial
442 217-54-3440 Gladden Phase II, LLC 342,327.13 220,774.31 15,606.00 1,258,884 Residential and
Commercial
448 217-54-3450 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
449 217-54-3460 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
450 217-54-3470 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
452 217-54-3490 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
453 217-54-3500 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
455 217-54-3520 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
456 217-54-3530 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
457 217-54-3540 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
473 217-54-3700 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
480 217-54-3770 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
481 217-54-3780 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
489 217-54-3860 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
490 217-54-3870 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
491 217-54-3880 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
492 217-54-3890 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
493 217-54-3900 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
494 217-54-3910 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
495 217-54-3920 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
496 217-54-3930 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
497 217-54-3940 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
167
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
510 217-54-4070 Richmond American
Homes
3,029.41 1,953.73 215,641.00 - Residential
519 217-54-4160 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
520 217-54-4170 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
521 217-54-4180 Richmond American
Homes
3,029.41 1,953.73 31,046.00 - Residential
538 217-54-4350 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
541 217-54-4380 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
542 217-54-4390 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
543 217-54-4400 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
544 217-54-4410 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
545 217-54-4420 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
546 217-54-4430 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
547 217-54-4440 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
548 217-54-4450 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
549 217-54-4460 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
550 217-54-4470 Richmond American
Homes
3,029.42 1,953.74 249,846.00 - Residential
551 217-54-4480 Richmond American
Homes
3,029.42 1,953.74 215,896.00 - Residential
552 217-54-4490 Richmond American
Homes
3,029.42 1,953.74 31,046.00 - Residential
827 217-54-5730 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
828 217-54-5740 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
829 217-54-5750 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
830 217-54-5760 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
831 217-54-5770 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
832 217-54-5780 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
833 217-54-5790 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
834 217-54-5800 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
835 217-54-5810 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
836 217-54-5820 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
837 217-54-5830 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
838 217-54-5840 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
839 217-54-5850 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
840 217-54-5860 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
841 217-54-5870 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
842 217-54-5880 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
843 217-54-5890 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
844 217-54-5900 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
845 217-54-5910 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
168
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
846 217-54-5920 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
847 217-54-5930 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
848 217-54-5940 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
849 217-54-5950 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
850 217-54-5960 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
851 217-54-5970 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
852 217-54-5980 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
853 217-54-5990 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
854 217-54-6000 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
855 217-54-6010 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
856 217-54-6020 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
857 217-54-6030 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
858 217-54-6040 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
859 217-54-6050 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
860 217-54-6060 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
861 217-54-6070 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
862 217-54-6080 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
863 217-54-6090 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
864 217-54-6100 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
865 217-54-6110 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
866 217-54-6120 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
867 217-54-6130 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
868 217-54-6140 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
869 217-54-6150 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
870 217-54-6160 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
871 217-54-6170 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
872 217-54-6180 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
873 217-54-6190 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
874 217-54-6200 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
875 217-54-6210 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
876 217-54-6220 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
877 217-54-6230 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
878 217-54-6240 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
879 217-54-6250 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
880 217-54-6260 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
881 217-54-6270 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
882 217-54-6280 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
883 217-54-6290 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
884 217-54-6300 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
885 217-54-6310 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
169
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
886 217-54-6320 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
887 217-54-6330 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
888 217-54-6340 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
889 217-54-6350 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
890 217-54-6360 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
891 217-54-6370 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
892 217-54-6380 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
893 217-54-6390 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
894 217-54-6400 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
895 217-54-6410 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
896 217-54-6420 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
897 217-54-6430 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
898 217-54-6440 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
899 217-54-6450 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
900 217-54-6460 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
901 217-54-6470 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
902 217-54-6480 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
903 217-54-6490 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
904 217-54-6500 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
905 217-54-6510 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
906 217-54-6520 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
907 217-54-6530 Richmond American
Homes
3,381.52 2,180.82 31,046.00 - Residential
908 217-54-6540 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
909 217-54-6550 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
910 217-54-6560 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
911 217-54-6570 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
912 217-54-6580 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
913 217-54-6590 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
914 217-54-6600 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
915 217-54-6610 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
916 217-54-6620 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
917 217-54-6630 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
918 217-54-6640 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
919 217-54-6650 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
920 217-54-6660 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
921 217-54-6670 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
922 217-54-6680 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
923 217-54-6690 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
924 217-54-6700 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
925 217-54-6710 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
926 217-54-6720 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
927 217-54-6730 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
928 217-54-6740 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
929 217-54-6750 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
930 217-54-6760 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
931 217-54-6770 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
932 217-54-6780 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
933 217-54-6790 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
934 217-54-6800 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
935 217-54-6810 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
936 217-54-6820 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
937 217-54-6830 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
938 217-54-6840 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
939 217-54-6850 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
940 217-54-6860 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
170
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
941 217-54-6870 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
942 217-54-6880 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
943 217-54-6890 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
944 217-54-6900 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
945 217-54-6910 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
946 217-54-6920 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
947 217-54-6930 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
948 217-54-6940 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
949 217-54-6950 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
950 217-54-6960 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
951 217-54-6970 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
952 217-54-6980 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
953 217-54-6990 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
954 217-54-7000 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
955 217-54-7010 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
956 217-54-7020 Lennar Homes 3,381.52 2,180.82 31,046.00 - Residential
957 217-54-7030 Lennar Homes 3,381.51 2,180.81 31,046.00 - Residential
958 217-54-7040 Lennar Homes 3,381.51 2,180.81 31,046.00 - Residential
959 217-54-7050 Lennar Homes 3,381.51 2,180.81 31,046.00 - Residential
960 217-54-7060 Lennar Homes 3,381.51 2,180.81 31,046.00 - Residential
961 217-54-7070 Lennar Homes 3,381.51 2,180.81 31,046.00 - Residential
962 217-54-7080 Lennar Homes 3,381.51 2,180.81 31,046.00 - Residential
231 217-55-012A WESTCOR MARANA LLC 1,586,588.33 1,023,225.80 32,195.00 2,597,047 Commercial
218 217-57-3660 NP Investments LLC 18,332.46 11,823.00 265,674.00 52,093 Gladden Farms
Commercial
Center - Bank
219 217-57-3670 Weingarten Realty 12,423.76 8,012.35 67,076.00 35,303 Gladden Farms
Commercial
Center - Fast Food
Restaurant220217-57-3680 Weingarten Realty 14,501.49 9,352.33 78,293.00 41,207 Gladden Farms
Commercial
Center - Fast Food
Restaurant221217-57-3690 Weingarten Realty 11,477.10 7,401.83 61,965.00 32,613 Gladden Farms
Commercial
Center222217-57-3700 Weingarten Realty 27,082.56 17,466.14 146,218.00 76,957 Gladden Farms
Commercial
Center
224 217-57-3720 Weingarten Realty 41,637.17 26,852.73 189,304.00 118,315 Gladden Farms
Commercial
Center - Grocery225217-57-3730 Weingarten Realty 9,539.79 6,152.42 43,373.00 27,108 Gladden Farms
Commercial
Center
226 217-57-3740 Weingarten Realty 18,357.45 11,839.13 99,112.00 52,164 Gladden Farms
Commercial
Center
227 217-57-3750 Weingarten Realty 12,894.96 8,316.25 69,620.00 36,642 Gladden Farms
Commercial
Center
649 217-58-0010 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
650 217-58-0020 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
651 217-58-0030 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
652 217-58-0040 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
653 217-58-0050 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
654 217-58-0060 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
655 217-58-0070 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
656 217-58-0080 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
657 217-58-0090 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
658 217-58-0100 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
659 217-58-0110 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
660 217-58-0120 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
661 217-58-0130 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
662 217-58-0140 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
663 217-58-0150 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
664 217-58-0160 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
665 217-58-0170 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
666 217-58-0180 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
667 217-58-0190 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
668 217-58-0200 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
669 217-58-0210 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
171
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
670 217-58-0220 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
686 217-58-0380 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
687 217-58-0390 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
688 217-58-0400 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
689 217-58-0410 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
690 217-58-0420 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
691 217-58-0430 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
692 217-58-0440 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
693 217-58-0450 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
694 217-58-0460 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
695 217-58-0470 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
696 217-58-0480 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
697 217-58-0490 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
698 217-58-0500 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
699 217-58-0510 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
700 217-58-0520 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
701 217-58-0530 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
702 217-58-0540 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
703 217-58-0550 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
704 217-58-0560 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
705 217-58-0570 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
706 217-58-0580 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
707 217-58-0590 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
708 217-58-0600 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
709 217-58-0610 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
710 217-58-0620 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
711 217-58-0630 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
712 217-58-0640 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
713 217-58-0650 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
714 217-58-0660 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
715 217-58-0670 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
716 217-58-0680 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
717 217-58-0690 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
718 217-58-0700 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
719 217-58-0710 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
720 217-58-0720 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
721 217-58-0730 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
722 217-58-0740 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
723 217-58-0750 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
724 217-58-0760 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
725 217-58-0770 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
726 217-58-0780 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
803 217-58-1550 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
804 217-58-1560 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
805 217-58-1570 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
806 217-58-1580 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
807 217-58-1590 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
808 217-58-1600 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
809 217-58-1610 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
810 217-58-1620 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
811 217-58-1630 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
812 217-58-1640 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
813 217-58-1650 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
814 217-58-1660 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
815 217-58-1670 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
816 217-58-1680 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
817 217-58-1690 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
818 217-58-1700 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
819 217-58-1710 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
820 217-58-1720 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
821 217-58-1730 KB Home Tucson Inc.3,281.65 2,116.41 185,536.00 - Residential
822 217-58-1740 KB Home Tucson Inc.3,281.65 2,116.41 167,422.00 - Residential
823 217-58-1750 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
824 217-58-1760 KB Home Tucson Inc.3,281.65 2,116.41 31,046.00 - Residential
1045 217-59-0010 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1046 217-59-0020 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1047 217-59-0030 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1048 217-59-0040 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1049 217-59-0050 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1050 217-59-0060 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1051 217-59-0070 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1052 217-59-0080 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1053 217-59-0090 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
172
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
1054 217-59-0100 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1055 217-59-0110 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1056 217-59-0120 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1057 217-59-0130 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1058 217-59-0140 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1059 217-59-0150 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1060 217-59-0160 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1061 217-59-0170 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1062 217-59-0180 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1063 217-59-0190 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1064 217-59-0200 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1065 217-59-0210 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1066 217-59-0220 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1067 217-59-0230 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1068 217-59-0240 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1069 217-59-0250 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1070 217-59-0260 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1071 217-59-0270 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1072 217-59-0280 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1073 217-59-0290 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1074 217-59-0300 KB Home Tucson Inc.2,120.36 1,367.47 0.00 - Residential
1075 217-59-0310 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1076 217-59-0320 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1077 217-59-0330 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1078 217-59-0340 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1079 217-59-0350 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1080 217-59-0360 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1081 217-59-0370 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1082 217-59-0380 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1083 217-59-0390 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1084 217-59-0400 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1085 217-59-0410 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1086 217-59-0420 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1087 217-59-0430 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1088 217-59-0440 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1089 217-59-0450 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1090 217-59-0460 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1091 217-59-0470 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1092 217-59-0480 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1093 217-59-0490 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1094 217-59-0500 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1095 217-59-0510 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1096 217-59-0520 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1097 217-59-0530 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1098 217-59-0540 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1099 217-59-0550 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1100 217-59-0560 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1101 217-59-0570 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1102 217-59-0580 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1103 217-59-0590 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1104 217-59-0600 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1105 217-59-0610 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1106 217-59-0620 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1107 217-59-0630 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1108 217-59-0640 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1109 217-59-0650 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1110 217-59-0660 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1111 217-59-0670 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1112 217-59-0680 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1113 217-59-0690 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1114 217-59-0700 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1115 217-59-0710 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1116 217-59-0720 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1117 217-59-0730 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1118 217-59-0740 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1119 217-59-0750 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1120 217-59-0760 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1121 217-59-0770 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1122 217-59-0780 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1123 217-59-0790 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1124 217-59-0800 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1125 217-59-0810 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1126 217-59-0820 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
173
Schedule 10
District
Assessment
Number (1)
Tax
Assessor's
Parcel
Number Owner
Original
Assessment
Amount (2)
Remaining
Assessment
Amount (3)
2020
Full Cash
Value (4)
Non-Residential
Square
Footage (5)
Expected
Future Use
Town of Marana, Arizona
Tangerine Farms Road Improvement District
All Active Assessments As of 6/30/2021
1127 217-59-0830 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1128 217-59-0840 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1129 217-59-0850 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1130 217-59-0860 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1131 217-59-0870 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1132 217-59-0880 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1133 217-59-0890 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1134 217-59-0900 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1135 217-59-0910 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
1136 217-59-0920 KB Home Tucson Inc.2,120.35 1,367.46 0.00 - Residential
242-01 242-01-ASMT Tangerine/I-10, LLC 134,077.64 86,469.63 0.00 - Commercial
242-02 242-02-ASMT Southwest Gas
Corporation
727,102.17 468,924.22 0.00 - Commercial
242-03 242-03-ASMT Tangerine/I-10, LLC 215,513.08 138,989.14 0.00 - Commercial
242-04 242-04-ASMT Tangerine/I-10, LLC 227,728.40 146,867.07 0.00 - Commercial
242-05 242-05-ASMT Tangerine/I-10, LLC 567,430.53 365,948.46 0.00 - Commercial
242-06 242-06-ASMT Tangerine/I-10, LLC 341,156.34 220,019.25 0.00 - Commercial
242-07 242-07-ASMT Tangerine/I-10, LLC 344,646.43 222,270.08 0.00 - Commercial
242-08 242-08-ASMT Tangerine/I-10, LLC 378,674.81 244,215.74 0.00 - Commercial
242-09 242-09-ASMT Tangerine/I-10, LLC 80,562.92 51,956.80 0.00 - Commercial
242-10 242-10-ASMT Tangerine/I-10, LLC 28,793.25 18,569.40 0.00 - Commercial
242-11 242-11-ASMT Tangerine/I-10, LLC 164,906.77 106,352.01 0.00 - Commercial
242-12 242-12-ASMT Tangerine/I-10, LLC 38,681.84 24,946.77 0.00 - Commercial
Residential Totals:450 Active Assessments $1,367,659.13 $882,033.82 $9,994,277.00 0
Non-Residential Totals:45 Active Assessments $9,823,212.14 $6,335,206.10 $6,399,968.00 18,457,261
Totals:495 Active Assessments $11,190,871.27 $7,217,239.92 $16,394,245.00 18,457,261 (5)
(1) During Fiscal Year 2020/21, District Assessment Numbers 1045 through 1136 and 242-01 through 242-12 were created via apportionments.
(2) Includes capitalized interest on the Bonds as sold.
(3) Amount remaining after billing for the 6/1/2021 assessment installment.
(5) The Pima County Assessor does not provide the square footage for most residential properties.
(4) As current Full Cash Value data is not available from Pima County for certain parcels that have changed during Fiscal Year 2020/21, prior year Full Cash Value data
has been supplemented where applicable.
Due to the timing of the apportionments, the 2021 Full Cash Value information and Non-Residential Square Footage information is unavailable from Pima County
associated with the newly created parcels that are now in existence.
174
Schedule 11
Industry Group FY 2012 %FY 2013 %FY 2014 %
Construction 5,782,644$ 23.57%5,260,345$ 21.33%6,411,509$ 24.45%
Manufacturing 128,089 0.52%127,214 0.52%97,014 0.37%
Transportation, Communications,
& Utilities 2,985,979 12.17%3,038,071 12.32%3,182,854 12.14%
Wholesale Trade 233,850 0.95%296,077 1.20%213,657 0.81%
Retail Trade 8,804,206 35.88%9,380,544 38.03%9,593,163 36.58%
Restaurant & Bars 1,789,232 7.29%1,819,588 7.38%1,865,602 7.11%
Fire, Insurance & Real Estate 1,350,977 5.51%1,234,426 5.00%1,256,418 4.79%
Hotels & Other Lodging 1,991,767 8.12%2,140,493 8.68%2,064,986 7.87%
Services 1,026,443 4.18%1,003,377 4.07%1,031,325 3.93%
All Others 445,774 1.82%363,807 1.48%509,351 1.94%
24,538,961$ 100.00%24,663,942$ 100.00%26,225,881$ 100.00%
Industry Group 2017 %2018 %2019 %
Construction 7,557,292$ 20.15%9,825,265$ 23.57%10,817,479$ 25.95%
Transportation, Communications,
& Utilities 3,809,315 10.16%4,234,220 10.16%3,987,389 9.57%
Retail Trade 17,120,561 45.65%17,757,284 42.59%16,403,992 39.36%
Restaurant & Bars 3,295,734 8.79%3,616,110 8.67%3,514,494 8.43%
Fire, Insurance & Real Estate 1,540,358 4.11%1,661,010 3.98%1,648,738 3.96%
Hotels & Other Lodging 2,558,312 6.82%2,827,338 6.78%2,913,545 6.99%
All Others 1,618,648 4.32%1,768,256 4.24%2,394,706 5.75%
37,500,220$ 100.00%41,689,483$ 100.00%41,680,343$ 100.00%
Note:
*In fiscal year 2016, the Arizona Department of Revenue began using a new form and
payment journal, which affected the classification of certain tax revenues within
the industry groups
Source: Town of Marana Finance Department, Arizona Department of Revenue
TOWN OF MARANA
SALES TAX BY INDUSTRY
LAST TEN FISCAL YEARS
175
Schedule 11
2015 %2016*%
6,838,195$ 24.37%6,883,116$ 19.42%
100,329 0.36%- 0.00%
3,318,976 11.83%3,919,633 11.06%
305,012 1.09%- 0.00%
10,133,523 36.12%16,305,878 46.01%
2,038,788 7.27%3,076,737 8.68%
1,240,196 4.42%1,339,496 3.78%
2,481,304 8.84%2,292,705 6.47%
1,046,669 3.73%- 0.00%
555,522 1.98%1,624,023 4.58%
28,058,514$ 100.00%35,441,588$ 100.00%
2020 %2021 %
11,599,116 28.50%9,869,708 23.03%
3,835,802 9.42%4,071,000 9.50%
16,210,073 39.82%19,308,702 45.06%
3,146,078 7.73%3,489,065 8.14%
1,436,817 3.53%1,515,124 3.54%
2,566,127 6.30%2,496,865 5.83%
1,910,780 4.69%2,096,172 4.89%
40,704,792$ 100.00%42,846,635$ 100.00%
176
Schedule 12
Industry Classification 2011/12 2012/13 2013/14 2014/2015
Town Sales Tax 24,538,961$ 24,768,104$ 26,225,881$ 28,058,823$
State-shared Sales Taxes 2,731,863 2,861,622 3,043,102 3,195,042
State-shared Income Taxes 2,950,734 3,571,191 3,896,487 4,232,245
Licenses and permits 2,720,872 4,323,155 3,932,108 4,813,378
Fines and forfeitures and penalties 558,393 661,341 635,869 664,955
TOTAL 33,500,823$ 36,185,413$ 37,733,447$ 40,964,443$
Industry Classification 2016/2017 2017/2018 2018/2019 2019/2020
Town Sales Tax 37,500,219$ 41,689,483$ 41,680,343$ 41,629,398$
State-shared Sales Taxes 3,798,503 4,186,856 4,524,009 4,872,825
State-shared Income Taxes 5,054,592 5,384,669 5,424,305 6,078,686
Licenses and permits 4,848,237 5,573,620 5,774,930 6,021,017
Fines and forfeitures and penalties 574,884 612,638 527,447 515,514
TOTAL 51,776,435$ 57,447,266$ 57,931,034$ 59,117,440$
Source: Statement of Revenues, Expenditures and changes in Fund Balances
TOWN OF MARANA
EXCISE TAX COLLECTIONS
LAST TEN FISCAL YEARS
177
Schedule 12
2015/2016
35,441,585$
3,344,679
4,209,300
4,468,910
579,369
48,043,843$
Budgeted
2020/2021 2021/2022
42,846,635$ 39,922,682$
5,816,852 5,756,874
7,007,072 6,397,237
7,248,432 5,865,300
436,491 391,500
63,355,482$ 58,333,593$
178
Schedule 13TOWN OF MARANA
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
(Amounts expressed in thousands, except per capita amount)
Fiscal
Year
Revenue
Bonds (1)
General
Obligation
Bonds (2)
Special
Assessment
Bonds (3)
Revenue
Bonds
Loans
Payable
Total
Primary
Government
Percentage
of Personal
Income (4)Per Capita
2021 49,112$ 18,756$ 7,529$ 20,481$ 16,777$ 112,655 200.6%2,170
2020 53,258 15,100 9,552 20,687 9,561 108,159 216.5%2,193
2019 57,301 12,242 12,126 20,891 3,504 106,064 220.1%2,256
2018 60,842 8,551 14,200 21,090 3,202 107,885 276.2%2,409
2017 63,254 8,794 14,245 21,248 3,421 110,962 292.6%2,552
2016 66,715 7,835 15,927 1,214 3,634 95,325 258.9%2,307
2015 69,299 8,085 17,246 1,343 3,841 99,814 279.2%2,475
2014 71,659 8,325 18,488 1,343 4,042 103,857 274.8%2,712
2013 81,720 8,550 19,926 - 4,265 114,461 315.0%3,114
2012 60,699 8,765 21,288 - 4,480 95,232 272.5%2,656
Notes:
(1) Presented net of original issuance discounts and premiums
(2) Bonds issued for Gladden Farms Facilities District, Gladden Farms Facilities District II, and Saguaro Springs
Community Facilities District , component units of the Town.
(3) Bonds issued for Tangerine Farms Road Improvement District FY 2008, a component unit of the Town.
(4) Individual statistics not available for Marana, included in figures for Pima County and Tucson
Metropolitan area.
Source: US Census Bureau, Economic and Business Research Center, The University of Arizona
Governmental Activities Business-Type Activities
179
Schedule 14
Fiscal Year
General
Obligation
Bonds (1)
Less: Amounts
Available in
Debt Service
Fund (2)
Net Bonded
Debt
Percentage of
Estimated Actual
Taxable Value of
property (3)
Net
Bonded
Debt Per
Capita
2021 18,756$ 876$ 17,880$ 0.29%36.3%
2020 15,100 872 14,228 0.25%30.3%
2019 12,242 584 11,658 0.22%26.0%
2018 8,551 393 8,158 0.17%18.8%
2017 8,794 387 8,407 0.18%20.3%
2016 7,835 392 7,443 0.17%18.5%
2015 8,085 254 7,831 0.19%20.5%
2014 8,325 247 8,078 0.21%22.0%
2013 8,550 244 8,306 0.24%23.2%
2012 8,765 240 8,525 0.23%24.3%
Notes:
(1) Represents face value of general obligation debt outstanding plus deferred bond premiums.
(2) Fund balance of GO Bond Debt Service Fund per the fund financial statements. Cash and
investments in Debt Service Funds are restricted as to usage. These assets are restricted
for payment of interest and trustee fees, retirement of principal, and to finance various
capital projects.
(3) The Town of Marana does not impose a property tax; any property taxes presented in this report
are directly related to the Gladden Farms Community Facilities District (formed in fiscal year 2005),
Gladden Farms Community Facilities District II (formed in fiscal year 2007), and the
Saguaro Springs Community Facilities District (formed in fiscal year 2007).
Source: General Obligation Bonds
TOWN OF MARANA
RATIOS OF GENERAL BONDED DEBT OUTSTANDING
LAST TEN FISCAL YEARS
(Amounts expressed in thousands, except per capita amount)
180
Schedule 15
Governmental Unit Debt
Outstanding (1)
Estimated
Percentage
Applicable (2)
Estimated Share
of Overlapping Debt
Pima County *138,191$ 6.92%9,564$
Pima County Community College District 2,205 6.92%153
Northwest Fire District 32,810 48.87%16,035
Flowing Wells Unified School District No. 8 29,755 100.00%29,755
Marana Unified School District No. 6 143,070 64.92%92,880
Total overlapping debt 148,386
Gladden Farms Community Facilities District 11,835 100.00%11,835
Saguaro Springs Community Facilities District 5,658 100.00%5,658
Gladden Farms Phase II Community Facilities District 1,263 100.00%1,263
Tangerine Farms Road Improvement District 7,529 100.00%7,529
Town of Marana 49,112 100.00%49,112
Total direct debt 75,397$
Total direct and overlapping debt 223,784$
Notes:
(1) Presented net of original issuance discounts and premiums
(2) The estimated percentage of debt applicable to the Town is calculated based on the Town's secondary
assessed valuation as a percentatge of the secondary assessed valuation of the overlapping jurisdiction.
* Excludes improvement districts
Sources: The various entities
TOWN OF MARANA
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF JUNE 30, 2021
(Amounts expressed in thousands)
181
Schedule 16
Legal Debt Margin Calculation for Fiscal Year 2021
Limited Assessed Value 671,072,055$
Debt Limit:-
6% of assessed value 40,264,323
20% of assessed value 134,214,411
Total debt limit:174,478,734
Debt applicable to limit:
General obligation bonds -
Less: Amount set aside for the repayment
of general obligation debt -
Total net debt applicable to limit -
Legal Debt Margin 174,478,734$
2012 2013 2014 2015 2016
25,992,985$ 24,745,839$ 28,630,929$ 29,446,070$ 31,218,157$
86,643,283 82,486,130 95,436,430 98,153,568 104,060,525
- - - - -
112,636,268$ 107,231,969$ 124,067,359$ 127,599,639$ 135,278,682$
0%0%0%0%0%
2017 2018 2019 2020 2021
32,138,944$ 34,553,958$ 34,749,542$ 37,383,083$ 40,264,323$
107,129,981 115,179,860 115,831,808 124,610,278.20 134,214,411.00
- -
- - - - -
139,268,925$ 149,733,818$ 150,581,351$ 161,993,362$ 174,478,734$
0%0%0%0%0%
Notes:
* The Gladden Farms Community Facilities District and Saguaro Springs Community Facilities District, legally separate
entities, are special taxing districts whose debt was approved by voters of the District. The District's general
obligation debt does not count towards the Town's legal debt limit.
Sources:Financial Statements; Pima County
Total net debt
applicable to the limit
as a percentage of
debt limit
Total net debt
applicable to the limit
as a percentage of
debt limit
TOWN OF MARANA
LEGAL DEBT MARGIN INFORMATION
AS OF JUNE 30, 2021
Fiscal Year
Fiscal Year
Debt limit equal to
6% of assessed
Debt limit equal to
20% of assessed
Total net debt
applicable to limit
Legal debt margin
Debt limit equal to
6% of assessed
Debt limit equal to
20% of assessed
Total net debt
applicable to limit
Legal debt margin
182
Schedule 17
Fiscal Year
Property Tax
Collections Coverage
Principal Interest
2021 798$ 410$ 328$ 108.1%
2020 667 265 282 121.9%
2019 479 210 271 99.6%
2018 492 210 271 102.3%
2017 452 265 295 80.7%
2016 427 250 445 61.4%
2015 393 240 458 56.3%
2014 373 225 470 53.7%
2013 397 215 481 57.0%
2012 449 200 490 65.1%
Fiscal Year
Property Tax
Collections Coverage
Principal Interest
2021 470$ 160$ 203$ 129.5%
2020 364 100 161 139.5%
2019 254 - 73 347.9%
2018 N/A - - N/A
2017 N/A - - N/A
2016 N/A - - N/A
2015 N/A - - N/A
2014 N/A - - N/A
2013 N/A - - N/A
2012 N/A - - N/A
Saguaro Springs Community Facilities District General
Obligation Bonds **
Debt Service
Debt Service
TOWN OF MARANA
PLEDGED-REVENUE COVERAGE
LAST TEN FISCAL YEARS
(Amounts expressed in thousands)
Gladden Farms Community Facilities District General
Obligation Bonds*
183
Schedule 17TOWN OF MARANA
PLEDGED-REVENUE COVERAGE
LAST TEN FISCAL YEARS
(Amounts expressed in thousands)
Tangerine Road Farms Improvement District Special
Assessment Bonds ***
Fiscal Year
Special
Assessment
Collections Debt Service Coverage
Principal Interest
2021 2,298$ 2,023$ 185$ 104.1%
2020 2,091 2,574 228 74.6%
2019 2,869 2,074 357 118.0%
2018 989 45 254 330.8%
2017 2,351 1,328 732 114.1%
2016 2,141 1,319 792 101.4%
2015 2,065 1,242 849 98.8%
2014 2,210 1,438 913 94.0%
2013 2,337 1,362 976 100.0%
2012 2,302 1,204 1,035 102.8%
Notes:
* Bonds issued for Gladden Farms Community Facilities District and Gladden Farms II Community
Facilities District, component units of the Town.
** Bonds issued for Sagauro Springs Community Faciltites District, a component unit of the Town.
Principal Debt Payoff begins FY 2020.
***Special assessment amounts issued for Tangerine Road Farms Improvement District,
a governmental fund of the Town. Principal debt payoff begins fiscal year 2009.
Collection fees related to special assessment to begin fiscal year 2009.
Source: Finanacial statements and Notes to the Financial Statements
184
Schedule 18
Fiscal Year Population
Personal
Income
Per Capita
Personal
Income Median Age
School
Enrollment
Unemployment
Rate
2021 51,908 56,168,200$ 36,182$ 39.4 11,064 4.9%
2020 49,323 49,961,000 36,282 39.0 12,536 7.7%
2019 47,007 48,185,000 33,488 37.6 12,782 2.8%
2018 44,792 39,063,898 33,111 37.9 12,470 2.8%
2017 43,474 37,926,114 32,646 48.1 12,050 4.3%
2016 41,315 36,821,470 37,107 29.7 12,350 4.7%
2015 40,324 35,749,000 34,026 39.6 12,326 5.9%
2014 38,290 37,796,193 33,196 39.4 12,476 6.9%
2013 36,756 36,342,493 29,626 37.7 12,361 6.1%
2012 35,858 34,944,705 31,085 37.6 12,576 9.7%
Sources: U.S. Census Bureau, Population Division; Arizona Department of Commerce; Pima Association
of Governments; Arizona's Economy; The University of Arizona; and Marana Unified School District.
TOWN OF MARANA
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN FISCAL YEARS
185
Schedule 19
Employees
Percentage of
Total City
Employment Employees
Percentage of
Total City
Employment
Employer
Marana Unified School District 1,447 5.7%1,800 11.8%
Town of Marana 377 1.5%300 2.0%
Wal-Mart 357 1.4%450 2.9%
Ascent Aviation 329 1.3%
The Ritz-Carlton Dove Mountain 320 1.3%
Tucson Hauling & Transfer 300 1.2%
Sargeant Aerospace & Defense 279 1.1%255 1.7%
Costco 275 1.1%130 1.9%
Northwest Fire District 272 1.1%
Marana Main Health Center 250 1.0%195 1.3%
FLSmidth Krebs 250 1.6%
Fry's Food & Drug 240 1.6%
Coca-Cola Bottling 170 1.1%
Comcast of Arizona 150 1.0%
Target 100 0.7%
2021 2012
TOWN OF MARANA
PRINCIPAL EMPLOYERS
CURRENT YEAR AND NINE YEARS AGO
Source: AZCommerce.com, MUSD, Northwest Fire District, Ascent Aviation, Wal-Mart, Sargeant Aerospace,
Costco
186
Schedule 20TOWN OF MARANA
PRINCIPAL RETAIL AND CONTRACTING SALES TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
Sales Tax
Payments Rank
Percentage of
Total Sales
Tax Payments
Sales Tax
Payments Rank
Percentage of
Total Sales
Tax Payments
RETAIL
Taxpayer A 2,331,681$ 1 5.8%1,452,825$ 1 6.3%
Taxpayer B 1,258,573 2 3.1%0.0%
Taxpayer C 1,223,205 3 3.1%1,102,778 2 4.8%
Taxpayer D 1,204,770 4 3.0%603,057 3 2.6%
Taxpayer E 845,104 5 2.1%515,221 4 2.2%
Taxpayer F 725,615 6 1.8%487,841 5 2.1%
Taxpayer G 579,185 7 1.4%482,432 6 2.1%
Taxpayer H 558,466 8 1.4%411,958 7 1.8%
Taxpayer I 416,883 9 1.0%287,964 8 1.3%
Taxpayer J 311,592 10 0.8%0.0%
Taxpayer K 0.0%286,500 9 1.2%
Taxpayer L 0.0%235,947 10 1.0%
9,455,074$ 23.5%5,866,523$ 25.4%
CONTRACTING
Taxpayer A 1,911,979$ 1 4.8%135,992$ 9 0.6%
Taxpayer B 1,086,930 2 2.7%237,672 5 1.0%
Taxpayer C 1,029,600 3 2.6%373,378 3 1.6%
Taxpayer D 836,277 4 2.1%0.0%
Taxpayer E 730,553 5 1.8%0.0%
Taxpayer F 374,005 6 0.9%0.0%
Taxpayer G 281,472 7 0.7%0.0%
Taxpayer H 259,573 8 0.6%0.0%
Taxpayer I 256,760 9 0.6%116,226 10 0.5%
Taxpayer J 232,492 10 0.6%0.0%
Taxpayer K 0.00%2,422,792 1 10.6%
Taxpayer L 0.00%393,078 2 1.7%
Taxpayer M 0.00%270,449 4 1.2%
Taxpayer N 0.00%165,944 6 0.7%
Taxpayer O 0.00%155,732 7 0.7%
Taxpayer P 0.00%140,949 8 0.6%
6,999,641$ 17.4%4,412,212$ 19.2%
Source: Town of Marana Finance Department, Arizona Department of Revenue
Fiscal Year 2021 Fiscal Year 2012
187
Schedule 21
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Function
General Government 62.5 62.5 62.5 67.5 70.9 72.9 73.3 73.3 75.3 75.3
Public Safety
Police
Officers 79.0 80.0 80.0 81.0 83.0 85.0 87.0 87.0 90.0 90.0
Civilians 28.5 26.0 26.0 28.0 28.0 28.0 28.0 31.0 31.0 31.0
Building Safety 6.0 9.0 9.0 13.0 13.0 12.0 12.0 13.0 13.0 13.0
Highways and streets 32.0 36.0 36.0 35.0 35.0 34.0 36.0 39.0 44.0 44.0
Health and Safety - - - - - - 2.0 3.0 3.0 3.0
Culture and recreation 41.7 33.3 33.3 36.5 38.5 41.8 41.0 40.0 42.0 42.0
Community Development 3.0 - - - - - - - - -
Economic & Community Development 53.4 48.5 48.5 40.4 39.4 43.0 44.5 42.5 39.5 39.5
Water Utilities 20.1 19.1 19.1 22.0 23.0 23.0 24.0 25.2 27.6 29.6
Wastewater Utilities - 4.0 4.0 4.0 4.0 4.0 5.0 7.0 7.0 7.0
Municipal Airport - 1.0 1.0 1.0 3.0 3.0 3.0 3.0 3.0 3.0
Total 335.3 326.1 319.3 319.3 328.3 346.7 355.8 364.0 375.4 377.4
Source: Town of Marana; Annual Budget; Authorized position schedule.
TOWN OF MARANA
FULL-TIME EQUIVALENT TOWN GOVERNMENT EMPLOYEES BY FUNCTION
LAST TEN FISCAL YEARS
188
Schedule 22
Month 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
January 22 60 39 42 39 54 82 42 76 99
February 31 52 61 51 58 73 65 43 80 100
March 46 125 42 57 59 76 58 61 88 77
April 41 64 47 55 54 52 60 88 37 100
May 53 46 55 87 37 85 79 71 57 82
June 49 61 59 67 50 63 80 97 111 143
July 70 74 41 59 36 73 79 83 103 99
August 46 60 50 35 47 75 67 62 82 86
September 29 44 29 51 37 40 58 65 73 159
October 56 46 71 62 57 62 63 79 82 128
November 35 27 88 22 51 75 74 67 62
December 48 43 30 33 56 45 59 50 64
Calendar Total 526 702 612 621 581 773 824 808 915 1,073
Fiscal Total 425 692 597 668 559 687 794 802 855 1,067
Source: Town of Marana Finance Department, Town of Marana Building Services
TOWN OF MARANA
SINGLE FAMILY RESIDENTIAL PERMITS
LAST TEN FISCAL YEARS
189
Schedule 23
Fiscal
Year
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Public Safety
Police:
Stations 1 1 1 1 1 1 1 1 1 1
Substations 1 1 1 1 1 1 1 1 1 1
Police Vehicles 113 99 118 129 128 129 129 131 132 131
Highways and Streets
Street (miles)300 494 494 511 518 520 524 540 570 591
Culture and Recreation
Parks 7 8 8 8 9 9 11 13 14 14
Parks Acreage 84 139 139 139 146 146 158 182 182 182
Trails in Miles - Hiking 28 37 37 37 38 39 39 41 41 41
Trails in Miles - Paved 16 16 16 18 19 21 21 21 24 27
Splash Pads - - - - - 1 1 2 2 2
Swimming Pools 1 1 1 1 1 1 1 1 1 1
Tennis Courts 5 6 6 6 6 6 6 6 5 4
Pickleball Courts - - - - - - - - - 3
Senior/Community Center 1 1 1 1 1 1 1 1 1 1
Water Systems
Miles of Water Mains 70 128 132 135 138 146 149 157 162 169
Service Connections 5,734 6,002 6,272 6,429 6,745 7,205 7,850 8,533 9,166 9,528
Wastewater
Number of Manholes 841 863 863 891 909 978 1,066 1,235 1313 1379
Sewer Mains (miles)46.4 47.5 47.5 48.33 49.2 53.6 58.5 62.9 66 69
0.192 0.198 0.287 0.348 0.360 0.425 0.480 0.520 0.600 0.659
Source: This information is provided from the Town's facility records.
Function
Avg Daily Sewage
Treated (MGD)
TOWN OF MARANA
CAPITAL ASSET STATISTICS BY FUNCTION
AS OF JUNE 30, 2021
190