HomeMy WebLinkAboutRes 2024-17RESOLUTION 2024-17
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,
2024 AND ENDING JUNE 30, 2025
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 7, 2024, 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 (iii) 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 7, 2024, 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 4, 2024, 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, 2024 and ending June 30, 2025.
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 4. 2024.
FOR THE TOWN OF FOUNTAIN HILLS:
'7\,•AA bt (--1)---
Ginny . key, Mdyor
REVIEWED BY:
Rachael oodwin, own Manager
ATTESTED TO:
Linda Mendenhall, Town Clerk
APPROVED AS TO FORM:
Aaron D. Arnson, Pierce Coleman PLLC
Town Attorney
Official Budget Forms
Town of Fountain Hills
Fiscal year 2025
3/22 Arizona Auditor General Official Town Budget Forms
Town of Fountain Hills
Table of Contents
Fiscal year 2025
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 expenditures/expenses
Fiscal year 2025
Fiscal
year
S
h
Funds
General Fund
Special Revenue
Fund
Debt Service Fund
Capital Projects
Fund
Permanent Fund
Enterprise Funds
Available
Internal Service
Funds
Total all funds
2024 Adopted/adjusted budgeted expenditures/expenses'
E
1
25,585,805
9,643,912
19.760
6,918,531
0
0
889,700
43.057,708
2024 Actual expenditures/expenses"
E
2
23,087,912
6,735,443
13
1,577,313
0
0
275,783
31,676,464
Beginning fund balance/(deficit) or net position/(deflclt) at
2025 July 1"•
3
15,744,610
10,116,596
178,022
8,846,144
0
0
7,831,744
42,717,116
2025 Primary property tax levy
B
4
0
0 0
0
0 0
0
2025 Secondary property tax levy
B
5
0
0
0
0
0
0
0
2025 Estimated revenues other than property taxes
C
6
25,824,816
6,419,651
1,000
3,949,906
0
0
2,000
36,197.373
2025 Other financing sources
D
7
0
0
0
0
0
0
0
0
2025 Other financing (uses)
D
8
0
0
0
0
0
0
0
0
2025 Interfund transfers in
D
9
0
2,350,000
0
950,000
0
0
2,000.000
5,300,000
2025 Interfund Transfers (out)
0
10
4.000,000
350,000
0
950,000
0
0
0
5,300,000
Line 11: Reduction for fund balance reserved for future
2025 budget year expenditures
11
Maintained for future debt retirement
0
Maintained for future capital projects
4,000,000
4,000,000
Maintained for future financial stability
4,466,782
4.466,782
0
0
2025 Total financial resources available
12
33,102,644
18,536,247
179,022
12,796,050
0
0
5,833,744
70,447,707
2025 Budgeted expenditures/expenses
E
13
25,824,816
9,613,657
20,360
9,092,800
0
0
600,000
45,151,633
Expenditure limitation comparison
1 Budgeted expenditures/expenses
2 Add/subtract: estimated net reconciling items
3 Budgeted expenditures/expenses adjusted for reconciling items
4 Less: estimated exclusions
5 Amount subject to the expenditure limitation
6 EEC expenditure limitation
2024
43,057,708
(117,966)
42,939,742
8,606,788
34,332,954
64,380
2025
45,151,633
(119,359)
45,032,274
9,449,491
35,582,783
35,588,003
The city/town does not levy property taxes and does not have special assessment districts for which property taxes are levied. Therefore, Schedule B has been omitted.
Includes expenditure/expense adjustments approved in the current year from Schedule E.
Includes actual amounts as of the date the proposed budget was prepared, adjusted for estimated activity for the remainder of the fiscal year.
Amounts on this line represent beginning fund balance/(deficit) or net position/(deficit) amounts except for nonspendable amounts (e.g., prepaids and inventories) or amounts legally or contractually required to be maintained
intact (e.g., principal of a permanent fund). See the Instructions tab, cell C17 for more information about the amounts that should and should not be Included on this line.
3/22 Arizona Auditor General
Schedule A
Official Town Budget Fame
Town of Fountain Hills
Tax levy and tax rate information
Fiscal year 2025
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
$
2024 2025
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 26
(3) Total secondary property taxes $ 26
C. Total property taxes collected $ 26
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.
3/22 Arizona Auditor General
Schedule B Official City/Town Budget Forms
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2025
Source of revenues
General Fund
Local taxes
Local Sales Tax
Franchise Tax
Estimated
revenues
2024
Actual revenues*
2024
Estimated
revenues
2025
$ 13,154,799 $ 17,442,410 $ 14,858,589
390,000 229,208 390,000
Licenses and permits
Business License Fees 117,785 104,482 117,785
Residential Rental License 50,000 32,533 50,000
Liquor License Fees 500 2,967 500
Building Permit Fees 372,703 618,934 400,000
Sign Permits 3,350 5,127 3,350
Landscape Permit Fees 3,780 8,577 3,780
Subdivision Fees 36,000 98,347 36,000
Special Event Permits 8,500 16,440 8,500
Engineering Fees 5,550 13,080 5,550
Third Party Revenues
Planning & Zoning Fees 20,060 19,988 20,060
Plan Review Fees 96,750 50,815 56,750
Intergovernmental
State Sales Tax 3,585,690 3,719,633 3,628,998
Fire Insurance Premium Tax 48,516 48,516 48,516
Vehicle License Tax 366,076 340,262
Shared Income Tax 6,387,448 7,703,451 5,108,090
Charges for services
Parks & Rec User Fees 244,215 292,968 255,265
Encroachment Fees 35,000 647,888 50,000
Variances 2,600 307 2,600
Inspection Fees 17,000 53,154 29,000
Leases & Rents 277,278 439,553 289,278
Fines and forfeits
Court Fines 200,000 251,870 200,000
Interest on investments
Interest on Investments 20,000 690,867 100,000
In -lieu property taxes
Contributions
Voluntary contributions
Miscellaneous
Miscellaneous
71,400
70,805
Total General Fund $ 25,585,805 $
35,563 71,400
107,948 90,805
32,974,888 $ 25,824,816
" 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 2025
Source of revenues
Estimated
revenues
2024
Actual revenues*
2024
Estimated
revenues
2025
Special revenue funds
Highway User Revenue Fund
Highway User Tax $ 1,849,404 1,795,212 1,823,078
Vehicle License Tax 854,176 883,741 1,215,914
Local Sales Tax 1,064,618
In -Lieu Fees
1,465,594 1,212,573
100,000 100,000
Recycle Proceeds 1,000 966 1,000
Interest 10,000 474,385 10,000
Miscellaneous
Downtown Strategy Fund
Sales -Excise Tax
Interest
Economic Development Fund
Sales -Excise Tax
Miscellaneous
Interest
Tourism Fund
Grants
Interest
Miscellaneous
Special Revenue - Grants
Intergovernmental -State
Intergovernmental -Federal
Public Art
In -Lieu Fees
Interest
Court Enhancement Fund
Court Enhancement/JCEF Revenue
Interest
Environmental Fund
Environmental Fee
Interest
Cottonwoods Maintenance District
Assessments
Interest Income
30,000 30,000
$ 3,909,198 $ 4,619,898 $ 4,392,565
$ 106,462 146,559 121,257
600 32,750 600
$ 107,062 $ 179,310 $ 121,857
$ 425,847 586,237 485,029
240 35,675 240
$ 426,087 $ 621,912 $ 485,269
$ 65,000 107,920 84,000
180 7,612 180
$ 65,180 $ 115,532 $ 84,180
$ 1,190,000 35,778 1,190,000
$ 1,190,000 $ 35,778 $ 1,190,000
$ 100,000 5,000 100,000
240 3,114 240
$ 100,240 $ 8,114 $ 100,240
$ 33,000 30,907 33,000
300 115 300
$ 33,300 $ 31,022 $ 33,300
2,400 30,497 2,400
$ 2,400 $ 30,497 $ 2,400
$ 9,768 10,026 9,768
$ 72 892 72
$ 9,840 $ 10,918 $ 9,840
Total special revenue funds $ 5,843,307 $ 5,652,981 $ 6,419,651
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 2025
Source of revenues
Debt service funds
Estimated
revenues
2024
Actual revenues*
2024
Estimated
revenues
2025
General Obligation Debt Service
Interest Income 600 8,441 600
Eagle Mountain CFD
Assessments
$ 600 $ 8,441 $ 600
Interest Income 100 1,048 100
$ 100 $ 1,048 $ 100
Municipal Property Corp
Interest Income 300 633 300
$ 300 $ 633 $ 300
Capital projects funds
Capital Projects Fund
Sales Tax -Local
Total debt service funds $ 1,000 $ 10,122 $ 1,000
685,240
1,610,309 904,856
Grants 3,768,079 496,463 2,652,500
Interest 10,000 373,136 10,000
Fire Development Fee Fund
Development Fees
Interest Income
$ 4,463,319 $ 2,479,908 $ 3,567,356
$
12,780 10,489 12,780
1,000 22,907 1,000
13,780 $ 33,396 $ 13,780
Streets Development Fee Fund
Development Fees 200,740
Interest Income 1,000
151,138 200,740
31,680 1,000
$ 201,740 $ 182,818 $ 201,740
Parks & Recreation Development Fee Fund
Development Fees 166,030 119,087 166,030
Interest Income 1,000 65,360 1,000
$ 167,030 $ 184,448 $ 167,030
Total capital projects funds $ 4,845,869 $ 2,880,570 $ 3,949,906
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 2025
Source of revenues
Permanent funds
Estimated
revenues
Estimated
Actual revenues* revenues
2024 2024 2025
N/A $ $ $
$ $ $
Enterprise funds
Total permanent 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.
3/22 Arizona Auditor General Schedule C Official City/Town Budget Forms
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2025
Source of revenues
Internal service funds
Facilities Reserve Fund
Miscellaneous
Interest Income
Technology Replacement Fund
Interest Income
Vehicle Replacement Fund
Miscellaneous
Interest Income
Estimated
revenues
2024
Actual revenues*
2024
1,000 254,647
$ 1,000 $ 254,647 $
Estimated
revenues
2025
1,000
1,000
$ $ $
$
1,000 113,437 1,000
1,000 $ 113,437 $ 1,000
Total internal service funds $ 2,000 $
Total all funds $ 36,277,981 $
368,084 $ 2,000
41,886,645 $ 36,197,373
* 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
Other financing sources/(uses) and interfund transfers
Fiscal year 2025
Other financing Interfund transfers
2025 2025
Fund
Sources (Uses) In (Out
General Fund
General Fund $ $ $ $ 4,000,000
Total General Fund $ $ $ $ 4,000,000
Special revenue funds
Streets Fund $ $ $ 2,000,000 $
Downtown Strategy Fund
Economic Dev Fund 350,000
Tourism Fund 350,000
Environmental Fund
Total special revenue funds $ $ $ 2,350,000 $ 350,000
Debt service funds
N/A $ $ $ $
Total debt service funds $ $ $ $
Capital projects funds
Capital Projects Fund $ $ $ 950,000 $
Parks & Rec Development Fee Fund 950,000
Total capital projects funds $ $ $ 950,000 $ 950,000
Permanent funds
N/A $ $ $ $
Total permanent funds $ $ $ $
Enterprise funds
N/A $ $ $ $
Total enterprise funds $ $ $ $
Internal service funds
Facilities Reserve Fund from Gen Fund $ $ $ 2,000,000 $
Technology Replacement Fund
Vehicle Replacement Fund
Total Internal Service Funds $ $ $ 2,000,000 $
Total all funds $ $ $ 5,300,000 $ 5,300,000
3/22 Arizona Auditor General
Schedule D Official City/Town Budget Forms
Fund/Department
Town of Fountain Hills
Expenditures/expenses by fund
Fiscal year 2025
Adopted
budgeted
expenditures/
expenses
Expenditure/
expense
adjustments
approved
Actual
expenditures/
expenses*
Budgeted
expenditures/
expenses
2024 2024 2024 2025
General Fund
Mayor & Town Council $ 65,494 $ $ 70,096 $ 73,040
Administration 2,948,360 3,117,437 3,270,412
General Government 3,238,088 740,009 2,532,053
Municipal Court 495,409 543,113 526,374
Public Works 1,642,802 1,601,091 1,702,310
Development Services 1,318,663 1,425,189 1,578,897
Community Services 3,898,569 3,645,014 4,202,955
Fire & Emergency Medical 5,589,825 5,557,369 5,694,859
Law Enforcement 6,388,595 6,388,595 6,243,916
Total General Fund $ 25,585,805 $ $ 23,087,912 $ 25,824,816
Special revenue funds
Streets Fund $ 7,048,280 $ $ 5,337,230 $ 7,087,540
Downtown Strategy Fund 85,200 107,850 90,200
Economic Development Fund 229,630 245,052 315,293
Tourism Fund 354,029 374,259 417,378
Special Revenue Fund 1,190,000 210,662 1,190,000
Public Art Fund 41,761 35,989 41,761
Court Enhancement Fund 54,600 52,500
Environmental Fund 627,024 418,264 404,804
Cottonwoods Maint District 13,388 6,138 14,181
Total special revenue funds $ 9,643,912 $ $ 6,735,443 $ 9,613,657
Debt service funds
General Obligation Bonds $ 350 $ $ $ 350
Eagle Mountain CFD 18,900 19,500
Municipal Property Corp 510 13 510
Total debt service funds $ 19,760 $ $ 13 $ 20,360
Capital projects funds
Capital Projects $ 6,918,531 $ $ 1,577,313 $ 9,092,800
Fire/Emergency Dev Fee
Streets Dev Fee
Park/Rec Dev Fee
Total capital projects funds $ 6,918,531 $ $ 1,577,313 $ 9,092,800
Permanent funds
N/A $ $ $ $
Total permanent funds $ $ $ $
Enterprise funds
N/A $ $ $ $
Total enterprise funds $ $ $ $
Internal service funds
Facilities Reserve Fund $ 550,000 $ $ $ 550,000
Technology Replacement Fund 50,000 35,724 50,000
Vehicle Replacement Fund 289,700 240,059
Total internal service funds $ 889,700 $ $ 275,783 $ 600,000
Total all funds $ 43,057,708 $ $ 31,676,464 $ 45,151,633
* 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 Forms
Fund
Town of Fountain Hills
Full-time employees and personnel compensation
Fiscal year 2025
Full-time
equivalent (FTE)
Employee salaries
and hourly costs
Retirement costs
Healthcare costs
Other benefit costs
Total estimated
personnel
compensation
2025 2025 2025 2025 2025 2025
General Fund 98.01 $ 8,639.213 $ 893,770 $ 1.068,895 $ 533,988 $ 11,135,866
Special revenue funds
Streets Fund 6.05 $ 521.557 S 57,514 $ 69,515 $ 51,888 $ 700.474
Economic Development Fund 1.00 149.274 16,506 7,896 5,247 178.923
Tourism Fund 1.00 80.379 8,936 14,997 3,290 107.602
Total special revenue funds 8.05 $ 751,210 $ 82,956 $ 92,408 $ 60,425 $ 986.999
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 106.06 $ 9.390.423 $ 976.726 $ 1.161.303 $ 594.413 $ 12.122,865
302 Arizona Auditor General
Schedule G Official City/Towns Budget Forms
Department/Fund
Mayor & Council
General Fund $
Town of Fountain Hills
Expenditures/expenses by department
Fiscal year 2025
Adopted
budgeted
expenditures/
expenses
2024
65,494 $
Department total $ 65,494 $
Expenditure/
expense
adjustments
approved
Actual
expenditures)
expenses*
2024 2024
Administration
General Fund $ 2,948,360 $
Downtown Strategy Fund 85,200 50,000 107,850 90,200
Economic Development Fund 229.630 245,052 315,293
Tourism Fund 354,029 28,792 374,259 417,378
Special Revenue Fund 1,190,000 (28,792) 210,662 1,190,000
General Obligation Debt 350 350
Eagle Mountain CFD 18,900 19,500
Municipal Property Corp 510 13 510
Cottonwoods Maint District 13,388 6,138 14,181
Capital Projects 324,600 (50,000) 675 677,800
Department total $ 5,164,967 $ $ 4,062,086 $ 5,995,624
70.096 $
70,096 $
Budgeted
expenditures/
expenses
2025
73,040
73,040
$ 3,117,437 $ 3,270,412
General Government
General Fund $ 3,238,088 $ (2,497,500) $
Technology Replacement 50,000
Vehicle Replacement 205,700
Department total $ s 3.493,788 $ (2,497 5001 $
Municipal Court
General Fund $
Court Enhancement Fund
Department total $
Public Works
General Fund $
Streets Fund
Environmental Fund
Capital Projects
Facilities Replacement Fund
Vehicle Replacement 84,000 115,763
Department total $ 15,260,337
Development Services
General Fund $
Department total $
495,409 $ $
54,600
550,009 $
740,009 $
35,724
124,296
900.029 $
543,113 $
2,532,053
50,000
2,582.053
526,374
52,500
543,113 _ $ 578,874
1,642,802 $ 50,000 $ 1,601,091 $ 1,702,310
7,048,280 5,337,230 7,087,540
627,024 418,264 404,804
5,308,231 1,747,500 1,352,102 6,885,000
550,000 593,922 550,000
$ 1,797,500 $ 9,418,371 $ 16,629,654
1,318,663 $
1,318,663 $
$ 1,425,189 $ 1,578,897
$ 1,425,189 $ 1,578,897
Community Services
General Fund $ 3,898,569 $ $ 3,645,014 $ 4,202,955
Public Art Fund 41,761 35,989 41,761
Capital Projects 1,285,700 700,000 224,536 1,530,000
Department total $ 5,226,030 $ 700,000 $ 3,905,539 $ 5,774.716
Fire & Emergency Medical
General Fund $ 5,589,825 $ $ 5,557,369 $ 5,694,859
Department total $ 5,589,825 $ $ 5,557,369 $ 5,694,859
Law Enforcement
General Fund $ 6,388,595 $ $ 6,388,595 $
Department total $ 6 388 595 $ - $ 6,388,595 $
6,243,916
6,243,916
* 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 F Official City/Town Budget Forms