HomeMy WebLinkAboutRes 2023-15RESOLUTION 2023-15
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF
FOUNTAIN HILLS, ARIZONA, APPROVING THE FINAL BUDGET FOR THE
TOWN OF FOUNTAIN HILLS FOR THE FISCAL YEAR BEGINNING JULY 1,
2023 AND ENDING JUNE 30, 2024
RECITALS:
WHEREAS, in accordance with the provisions of Title 42, Chapter 17, Arizona Revised Statutes
(the "Applicable Law"), the Mayor and Council of the Town of Fountain Hills (the "Town Council")
did, on May 2, 2023, prepare (i) a full and complete statement of the Town's financial affairs
for the preceding fiscal year, (ii) an estimate of the different amounts that will be required to
meet the Town's public expense for the current fiscal year, including all of the items prescribed
by ARIz. REV. STAT. § 42-17102 and (Hi) a summary schedule of estimated expenditures
and revenues, which was prepared according to forms supplied by the Auditor General and
entered in the Town Council's minutes; and
WHEREAS, in accordance with the Applicable Law, and following due public notice, the
Town Council met on May 2, 2023, at which meeting any taxpayer was provided the opportunity
to appear and be heard in favor of or against any proposed expenditure or tax levy; and
WHEREAS, publication has been duly made as required by law, of said estimates together
with a notice that the Town Council would meet on June 6, 2023, at the Fountain Hills Town
Council Chambers, for the purpose of hearing taxpayers and with respect to said estimate or
any proposed expenditure or tax levy.
ENACTMENTS:
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
FOUNTAIN HILLS, as follows:
SECTION 1. The recitals above are hereby incorporated as if fully set forth herein.
SECTION 2. The statements and schedules attached hereto as Exhibit A and incorporated
herein by reference, are hereby adopted as the budget of the Town of Fountain Hills, Arizona,
for the fiscal year beginning July 1, 2023 and ending June 30, 2024.
SECTION 3. The Mayor, the Town Manager, the Town Clerk and the Town Attorney are hereby
authorized and directed to take all steps necessary to carry out the purpose and intent of this
Resolution.
PASSED AND ADOPTED by the Mayor and Council of the Town of Fountain Hills, Arizona,
June 6 , 2023.
FOR THE TOWN OF FOUNTAIN HILLS:
ATTESTED TO:
r��
Ginn Dickey, Mayor 6;
Lin a Mendenhall, Town Clerk ,14(
REVIEWED BY:
Rachael Good
APPROVED AS TO FORM:
m Town Manager Aron D. Arnson, Pierce Coleman PLLC
Town Attorney
EXHIBIT A
TOWN OF FOUNTAIN HILLS, ARIZONA
STATEMENT AND SCHEDULES
BUDGET FOR FISCAL YEAR
BEGINNING JULY 1, 2023, AND ENDING JUNE 30, 2024
Official Budget Forms
Town of Fountain Hills
Fiscal year 2024
3122 Arizona Auditor General Official Town Budget Forms
Town of Fountain Hills
Table of Contents
Fiscal year 2024
Schedule A —Summary Schedule of estimated revenues and expenditures/expenses
Schedule B—Tax levy and tax rate information
Schedule C—Revenues other than property taxes
Schedule D—Other financing sources/(uses) and interfund transfers
Schedule E—Expenditures/expenses by fund
Schedule F—Expenditures/expenses by department (as applicable)
Schedule G—Full time employees and personnel compensation
3/22 Arizona Auditor General Official Town Budget Forms
Town of Fountain Hills
Summary Schedule of estimated revenues and expenditureeexpenses
Flacal year 2024
Fiscal
Year
8
h
Funds
Mnwal Fme
Specie Revenue
Fund
DebSsrvlN Fund
Capital Prawn(
Fund
Mnuawll Fund
C.*vp&.
FmesApYle
Memel Sareice
Funds
Toted funds
2023 Adoptedadjusted budgeted expenditures/expenses•
E
1
24 804,255
12,540,331
15,560
8,149,040
0
0
633,300
46,142,486
2023 Actual expsndituresiexpenses••
E
2
17,148,864
9,676.566
13
3,423,201
0
0
8119,327
31,137,972
Beginning fund balancegd(400 or net posniomldemit) at
2024 July 1'"
3
9,247,140
2,611,789
183,096
9,178 001
0
0
8,963,465
30,183,491
2024 Primary property Mx levy
B
1
0
0 0 0
0
0
0
2024 SecondarypmpeM tax levy
B
0
0
0
0
0
0
0
2024 Estimated revenues other than propertyLase
C
p
25,585.805
5,643307
1,000
4,845,869
0
0
2,000
36,277,941
2024 Other financing sources
0
T
0
0
0
0
0
0
0
0
2024 Other rnancing(use)
D
6
0
0
0
0
0
0
0
0
2024 mudund transfers in
D
0
0
4,794,253
0
35,000
0
0
500,000
5,329,253
2024 Interfund Transfers (out)
D
10
1,000,000
129,253
0
0
0
0
4,200,000
5,329,263
Line 11: Reduction for fund tralance reserved for future
2024 budget year expenditures
11
Maintained for future debt retirement
0
Maintained for future capful protects
4,208,150
4,208,150
Maintained for future Menial stability
3,980,307
3,980,307
0
0
2024 Total financial resources available
12
29,852,630
13,120,096
184,095
14,056,570
0
0
1,057,315
58,273,015
2021 Budgeted expenditunslexpenses
E
13
25,585,805
9,644,012
19,760
6,918,531
0
0
889.700
43,057,608
Expenditure limitation comparison
1 Budgeted expendll reslexpenses
2 Add/subtract: estimated net reconciling items
3 Budgeted expendx reslexpenses adjusted for reconciling items
4 Leas: estimated exclusions
5 Amount subject to the expenditure limitation
6 EEC expenditure limitation
2023
2024
$ 46,142486
(112,669)
46,029,797
S L3,067,808
(117,966)
42,939,842
11,159A11
S 31 870,386
8.606,78a
S 34,333,054
$ 31,896321
$ 34,364,380
he ceynown does not levy property taxes and don not have spacial assessment dlstncts for which property taxes are levied. Therefore. Schedule B has hen omitted.
Includes aapenditur&eepense adjustments approved in the outset year from Schedule E.
Includes actual amounts as of the date the proposed budget was prepared, adjusted tor estimated activity for the remainder of the fiscal year.
Amounts on rah line represent beginning fund balance/Mellott) or net posttbrd(detclt) amounts except for nonspendable amounts (e.g., propaida and inventories) or amounts legally or contractually required to be
maintained intact (e.g., principal of a pamanmt fund).
3122 Admits Auditor General
Schedule A
mlltlal Town Budget Fortin
Town of Fountain Hills
Tax levy and tax rate information
Fiscal year 2024
1. Maximum allowable primary property tax levy.
A.R.S. §42-17051(A)
2. Amount received from primary property taxation in
the current year in excess of the sum of that year's
maximum allowable primary property tax levy.
A.R.S. §42-17102(A)(18)
3. Property tax levy amounts
A. Primary property taxes
Property tax judgment
2023 2024
B. Secondary property taxes
Property tax judgment
C. Total property tax levy amounts $ $
4. Property taxes collected*
A. Primary property taxes
(1) Current year's levy $
(2) Prior years' levies
(3) Total primary property taxes $
B. Secondary property taxes
(1) Current year's levy $
(2) Prior years' levies 831
(3) Total secondary property taxes $ 831
C. Total property taxes collected $ 831
5. Property tax rates
A. City/Town tax rate
(1) Primary property tax rate
Property tax judgment
(2) Secondary property tax rate
Property tax judgment
(3) Total city/town tax rate
B. Special assessment district tax rates
Secondary property tax rates —As of the date the proposed budget was prepared, the
city/town was operating two (2) special assessment districts for which secondary
property taxes are levied. For information pertaining to these special assessment districts
and their tax rates, please contact the city/town.
* Includes actual property taxes collected as of the date the proposed budget was prepared, plus
estimated property tax collections for the remainder of the fiscal year.
3122 Arizona Auditor General
Schedule B Official City/Town Budget Forms
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2024
Source of revenues
General Fund
Local taxes
Local Sales Tax
Franchise Tax
Estimated -
revenues
2023
Actual revenues*
2023
Estimated
revenues
2024
$ 14,426,223 $ 18,804.262 $ 13,154,799
325,000 387,839 390,000
Licenses and permits
Business License Fees 116,619
Residential Rental License
137,715 117,785
15,333 50,000
Liquor License Fees 500 5,067 500
Building Permit Fees 408,398 708,163 372,703
Sign Permits 3,350 4,793 3,350
Landscape Permit Fees 16,800 4,413 3,780
Subdivision Fees 52,250 95,873 36,000
Special Event Permits 8,500
18,767 8,500
Engineering Fees 5,900 5,333 5,550
Third Party Revenues
Planning & Zoning Fees 16.095 26,492 20,060
Plan Review Fees 96,750 29,073 96,750
Intergovernmental
State Sales Tax 3,409,475
Fire Insurance Premium Tax 48,036
Vehicle License Tax 338,350
Shared Income Tax 4,597, 467
Charges for services
Parks & Rec User Fees 243,475
Encroachment Fees 35,000
3,895,933 3,585,690
48,036 48,516
382,341 366.076
4,518,501 6,387,448
240,609 244,215
51,395 35,000
Variances 4,300 15,227 2,600
Inspection Fees
Leases & Rents
Fines and forfeits
Court Fines
17,000
299,872
205,000
Interest on investments
Interest on Investments 24,000
In -lieu property taxes
Contributions
Voluntary contributions
Miscellaneous
Miscellaneous
60,845
45,050
64,221 17,000
440,222 277,278
259,701 200,000
320,094 20,000
74,575 71,400
257,643 70,805
Total General Fund $ 24,804.255 $ 30,811,622 $ 25,585,805
Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
3/22 Arizona Auditor General
Schedule C Official City/Town Budget Forms
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2024
Source of revenues
Estimated
revenues
2023
Actual revenues*
2023
Estimated
revenues
2024
Special revenue funds
Highway User Revenue Fund
Highway User Tax $ 1,889,520 1,946,031 1,849,404
Vehicle License Tax 789,485
Local Sales Tax 1,197,552
In -Lieu Fees 100,000
892,128 854,176
1,604,089 1,064,618
4,879 100,000
Recycle Proceeds 1,000 274 1,000
Interest 10,000 134,611 10,000
Miscellaneous 30,000 30,000
$ 4,017,557 $ 4.582,011 $ 3,909,198
Downtown Strategy Fund
Sales -Excise Tax $ 119,755 160,409 106,462
Interest 1,260 15,860 600
$ 121,015 $ 176,268 $ 107.062
Economic Development Fund
Sales -Excise Tax $ 479,021 641,636 425,847
Miscellaneous
Interest 240 12,391 240
$ 479,261 $ 654,027 $ 426,087
Tourism Fund
Grants $ 65,000 101,845 65,000
Interest 180 8,111 180
Miscellaneous
$ 65,180 $ 109.956 $ 65,180
Special Revenue - Grants
Intergovernmental -State $ 6.981,850 114.278 1,190,000
Intergovernmental -Federal $ 4,208,150 4,208,150
$ 11,190,000 $ 4,322,427 $ 1,190,000
Public Art
In -Lieu Fees $ 100,000 16,193 100,000
Interest 240 2,300 240
$ 100,240 $ 18,492 $ 100,240
Court Enhancement Fund
Court Enhancement'JCEF Revenue $ 49,000 34,164 33,000
Interest 900 139 300
$ 49.900 $ 34,303 $ 33,300
Environmental Fund
Environmental Fee $
Interest 1400 17,524 2,400
$ 2,400 $ 17,524 $ 2,400
Cottonwoods Maintenance District
Assessments $ 8,670 8,507 9,768
Interest Income $ 72 487 72
$ 8,742 $ 8,993 $ 9,840
Total special revenue funds $ 16,034,295 $ 9,924,002 $ 5,843,307
Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
3)22 Arizona Auditor General
Schedule C Official City/Town Budget Forms
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2024
Source of revenues
Debt service funds
Estimated Estimated
revenues Actual revenues' revenues
2023 2023 2024
General Obligation Debt Service
Interest Income 1 200
Eagle Mountain CFO
Assessments
Interest Income
Municipal Property Corp
Interest Income
Capital projects funds
Capital Projects Fund
Sales Tax -Local
4,865 600
$ 1200 $ 4,865 $ 600
Total debt service funds $
Grants
1,380
100 615 100
1,480 $ 615 $ 100
100 347 300
100 $ 347 $ 300
2,780 $ 5,828 $ 1,000
1,141,951
2,048,895 685,240
70,000 3,768,079
Interest 10,000 175,113 10,000
Fire Development Fee Fund
Development Fees
Interest Income
Streets Development Fee Fund
Development Fees
Interest Income
Pa ks 8 Recreation Development Fee Fund
Development Fees
Interest Income
$ 1,221,951 $ 2 224 008 $ 4,463,319
15,221 20,393 12,780
1,000 12,716 1,000
$ 16,221 $ 33,108 $ 13,780
239,438
1,000
238,019 200,740
12,959 1,000
$ 240,438 $ 250,978 $ 201,740
204,348
1,000
163,315 166,030
41,143 1,000
$ 205,348 5 204,458 $ 167,030
Total capital projects funds $ 1,683,958 $ 2,712,552 $ 4,845,869
Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
3/22 Arizona Auditor General
Schedule C Official Clty!Town Budget Forma
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2024
Source of revenues
Permanent funds
Estimated
revenues
2023
Actual revenues*
2023
Estimated
revenues
2024
N/A $ $ $
Total permanent funds $ $ $
Enterprise funds
N/A $ $ $
$ $ $
Total enterprise funds $ $ $
Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
3122 Arizona Auditor General
Schedule C Official City/Town Budget Forms
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2024
Source of revenues
Internal service funds
Facilities Reserve Fund
Miscellaneous
Interest Income
Technology Replacement Fund
Interest Income
Estimated
revenues
2023
Actual wanner'
2023
Estimated
revenues
2024
,000 166,627 1,000
1,000 $ 166.627 $ 1,000
Vehicle Replacement Fund
Miscellaneous
Interest Income
Total internal service funds $
Total all funds $
1,000 60,781 1,000
1000 $ 60,781 $ 1,000
2,000 $ 227,408 $ 2,000
42,527,288 $ 43,681,412 $ 36,277,9131
' Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
3122 Arizona Auditor General
Schedule C official City/Town Budget Forms
Fund
General Fund
General Fund
Town of Fountain Hills
Other financing sources/(uses) and interfund transfers
Fiscal year 2024
Other financing Interfund transfers
2024 2024
Sources Ilhssl In IOutl
$
Total General Fund $
Special revenue funds
$ $ $ 1,000,000
$ $ $ 1,000,000
Streets Fund $ $ $ 4,200,000 $
Downtown Strategy Fund 35,000
Economic Dev Fund 94,253
Tourism Fund 94,253
Environmental Fund 500,000
Total special revenue funds $ $ $ 4,794,253 $ 129,253
Debt service funds
N/A $ $ $ $
Total debt service funds $ $ $ $
Capital projects funds
Capital Projects Fund $ $ $ 35,000 $
Parks 8 Rec Development Fee Fund
Total capital projects funds $ $ $ 35,000 $
Permanent funds
N/A $ $ $ $
Total permanent funds $ $ $ $
Enterprise funds
N/A $ $ $ 5
Total enterprise funds $ $ $ $
Internal service funds
Facilities Reserve Fund from Gen Fund $ $ $ 500,000 $ 4,200,000
Technology Replacement Fund
Vehicle Replacement Fund
Total Internal Service Funds $ $ $ 500,000 $ 4,200,000
Total all funds $ 5 $ 5,329,253 $ 5,329,253
3/22 Arizona Auditor General
Schedule D Official City/Town Budget Forms
FundlDepartment
Town of Fountain Hills
Expenditures/expenses by fund
Fiscal year 2024
Adopted
budgeted
expenditures/
expenses
2023
General Fund
Mayor & Town Council $ 76,619 $
Administration 2,672,360
General Government 5,141,607
Municipal Court 446,749
Public Works 1,497,800
Development Services 1,359,678
Community Services 3,695,572
Fire & Emergency Medical 4,457,834
Law Enforcement 5,456,036
Total General Fund $ 24,804,255 $
Special revenue funds
Streets Fund $ 5,908,110 $
Downtown Strategy Fund 65,200
Economic Development Fund 225,920
Tourism Fund 277,114
Special Revenue Fund 5,190,000
Public Art Fund 144,649
Court Enhancement Fund 89,850
Environmental Fund 627,100
Cottonwoods Maint District 12,388
Total special revenue funds $
Debt service funds
General Obligation Bonds $
Eagle Mountain CFD 14,200
Municipal Property Corp 1,010
Total debt service funds $ 15,560 $
Capital projects funds
Capital Projects $ 8,149,040 $
Fire/Emergency Dev Fee
Streets Dev Fee
Park/Rec Dev Fee
Total capital projects funds $ 8,149,040 $
Permanent funds
N/A $
Total permanent funds $
Enterprise funds
N/A $
Total enterprise funds $
Internal service funds
Facilities Reserve Fund $ 550,000 5
Technology Replacement Fund 50,000
Vehicle Replacement Fund 33,300
Total internal service funds $ 633,300 $
Total all funds $ 46,142 486 $
5
$
Expenditure/
expense
adjustments
approved
2023
Actual
expendilureal
expenses
2023
70,692 $
3,242,334
789,469
499,604
1,448,257
1,420,578
3,646,069
1,417,455
4,614,406
Budgeted
expenditures/
expenses
2024
65,494
2,948,360
3,238,088
495,409
1,642,802
1,318,663
3,898,569
5,589,825
6,388,595
$ 17,148,864 $ 25,585,805
$ 4,117,139
70,809
247,529
259,846
4,590,947
31,444
377
353,313
5,163
$ 7,048,280
12,540,331 $ $ 9,676,566 $
350 $ $ $
13
$ 13 $
$ 3,423,201 $
85,200
229,630
354,029
1,190,000
41,761
54,600
627,024
13,488
9,644,012
350
18,900
510
19,760
6,918,531
$ 3,423,201 $ 6,918,531
$ 811,274 $
28,936
49,118
550,000
50,000
289,700
$ 889,327 $ 889,700
$ 31,137,972 $ 43,057,808
" Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget
was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year.
3/22 Arizona Auditor General
Schedule E Official City/Town Budget Forma
Town of Fountain Hills
Expenditures/expenses by department
Fiscal year 2024
Adopted Expenditure/
budgeted expense Actual Budgeted
expenditursel adjustments expenditures) expenditures)
expenses approved expenses' expenses
Department/Fund 2023 2023 2023 2029
Mayor 4 Council
General Fund S 76,619 $ $ 70692 $ 65 494
Department total $ 76 619 $ $ 70 692 $ 65 494
Administration
General Fund $ 2,672,360 $ $ 3242,334 $ 2 948 360
Downtown Strategy Fund 65,200 70,809 85,200
Economic Development Fund 225,920 247,529 229 630
Tourism Fund 277,114 259,846 354,029
Special Revenue Fund 5,190,000 4,590,947 1,190,000
General Obligation Debt 350 350
Eagle Mountain CFD 14,200 18 900
Municipal Property Corp 1 010 13 510
Cottonwoods Maint District 12,388 5.163 13488
Capital Projects 460,640 1,349 324 600
Department total $ 8919182 $ $ 8,417990 $ 5 165 067
General Government
General Fund $ 5 141 607 $ $ 789,469 $ 3 238 088
Technology Replacement 50,000 28,936 50,000
Vehicle Replacement 33,300 49118 205,700
Department total $ 5.224.907 $ $ 867 523 $ 3493788
Municipal Court
General Fund $ 446,749 $ $ 499,604 $ 495,409
Court Enhancement Fund 89 850 377 54,600
Department total $ 536 599 S $ 499.981 $ 550.009
Public Works
General Fund $ 1497,800 $ $ 1448,257 $ 1,642,802
Streets Fund 5,908,110 4,117,139 7,048,280
Environmental Fund 627 100 353,313 627,024
Capital Projects 4,870,600 2,001,277 5 308 231
Facilities Replacement Fund 550,000 811,274 550,000
Vehicle Replacement 84,000
Department total $ 13.453610 $ $ 8 731 260 $ 15 260 337
Development Services
General Fund $ 1,359,678 $ $ 1,420 578 $ 1 318 663
Department total $ 1359,678 $ $ 1,420578 $ 1 318 663
Community Services
General Fund $ 3695,572 $ $ 3,646,069 $ 3,898,569
Public Ad Fund 140,649 31,444 41761
Capital Projects 2 817 800 1,420,575 1,285,700
Department total $ 6 658 021 $ $ 5 098 088 $ 5.226.030
Fire & Emergency Medical
General Fund $ 4,457,834 $ $ 1 417 455 $ 5 589 825
Department total S 4 457 834 $ $ 1,417.455 $ 5 589 825
Law Enforcement
General Fund $
Department total $
5456,036 $
5 456 036 $
4,614,406 $ 6 388 595
4 614 406 $ 6388.595
Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the
proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year.
3122 Arizona Auditor General
Schedule F
Official City/Town Budget Forms
Fund
General Fund
Special revenue funds
Streets Fund
Economic Development Fund
Tourism Fund
Total special revenue funds
Debt service funds
Total debt service funds
Capital projects funds
Total capital projects funds
Permanent funds
Total permanent funds
Enterprise funds
Total enterprise funds
Internal service funds
Total Internal service fund
Total all funds
Town of Fountain Hills
Full-time employees and personnel compensation
Fiscal year 2024
Total estimated
Full-time Employee salaries Other benefit personnel
equivalent (FTE) and hourly costs Retirement costs Healthcare costs costs compensation
2024 2024 2024 2024 2024 2024
96.46 $ 6,677,306 $
6.05 $
1.00
1.00
8.05 $
481,911 $
139,100
74,900
695,911 $
703,756 $ 789,322 $ 355,965 $
8,526,349
52,905 $ 73,757 $ 50,336 $ 658,909
15,301 7,896 4,963 167,260
8,239 7,896 3,218 94,253
76,445 $ 89,549 $ 58,517 $ 920,422
104.51 $ 7,373,217 $ 780,201 $ 878,871 $ 414,482 $ 9,446,771
3/22 Arizona Auditor General Schedule G Official City/Towns Budget Forms