HomeMy WebLinkAboutRes 2018-26RESOLUTION 2018-26
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF
FOUNTAIN HILLS, ARIZONA, SETTING FORTH THE TENTATIVE
BUDGET AND ESTABLISHING THE MAXIMUM BUDGET AMOUNT FOR
THE TOWN OF FOUNTAIN HILLS FOR THE FISCAL YEAR BEGINNING
JULY 1, 2018, AND ENDING JUNE 30, 2019.
WHEREAS, pursuant to the provisions of the laws of the State of Arizona, the Mayor and
Council of the Town of Fountain Hills (the "Town Council") are required to adopt a budget for
each fiscal year; and
WHEREAS, in accordance with ARIZ. REV. STAT. § 42-17102, the Town Manager has
prepared, and filed with the Town Council, the Town Manager's Budget estimates for the fiscal
year beginning July 1, 2018, and ending June 30, 2019.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND 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 Town's official tentative budget for the fiscal year
beginning July 1, 2018, and ending June 30, 2019, including the establishment of the maximum
budget amount for such fiscal year in the amount of $38,914,866.
SECTION 3. Upon approval of the Town Council, the Town Manager or designee shall
publish in the official Town newspaper once a week for two consecutive weeks (i) the official
tentative budget and (ii) a notice, in the form attached as Exhibit B and incorporated herein by
reference, of the public hearing of the Town Council to hear taxpayers and make tax levies at
designated times and places. The notice shall include the physical addresses of the Fountain Hills
Town Hall, the Fountain Hills branch of the Maricopa County Library and the Town website
where the tentative budget may be found.
SECTION 4. The Town Manager or designee shall, no later than seven business days
after the date of this Resolution, (i) make available at the Fountain Hills Town Hall and the
Fountain Hills branch of the Maricopa County Library a complete copy of the tentative budget,
and (ii) post the tentative budget in a prominent location on the Town's website.
SECTION 5. 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.
[SIGNATURES ON FOLLOWING PAGE]
PHOENIX 77018-1 453134v3
PASSED AND ADOPTED BY the Mayor and Council of the Town of Fountain Hills,
Arizona, May 1, 2018.
FOR THE TOWN OF FOUNTAIN HILLS:
Linda M. Kavahagh, Mayo
REVIEWED BY:
Grady E. Mill r, To n Manager
PHOENIX 77018-14531340
ATTESTED TO:
APPROVED AS TO FORM:
Miteel, Interim Town Attorney
Dic N nght, PLLC
EXHIBIT A
TO
RESOLUTION 2018-26
[Tentative Budget]
See following pages.
PHOENIX 77018-1 453134v3
OFFICIAL BUDGET FORMS
TOWN OF FOUNTAIN HILLS
Fiscal Year 2019
4115
TOWN OF FOUNTAIN HILLS
TABLE OF CONTENTS
Fiscal Year 2019
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
4/15
TOWN OF FOUNTAIN HILLS
Summary Schedule of Estimated Revenues and Expenditures/Expenses
Fiscal Year 2019
Fiscal
Year
S
C
h
FUNDS
General Fund ,
SpeeialRevenua,
_ Fund
Debt Service Fund
CapitaE Projects
Fund =:
Permanent Fund
Enterprise--.lntemal
Funds Available
Sere€ce
= :. , Funds=
Total All Funds
2018 AdoptedlAdjusted Budgeted ExpenditureslExpenses'
E
16,128,809
6,517,016
2,906,902
8,619,126
0
0
1,125,702
35,297,554
2018 Actual ExpenditureslExpenses*'
E
1 16,128,809
6,517,016
2,906,902
8,619,125
0
0
1,125,702
35,297,554
2019 Fund Balance/Net Position at July 1*—
6,041,131
6,446,644
506,058
6,630,304
983,445
20,607,582
2019 Primary Property Tax Levy
B
7,000,000
7,000,000
2019 Secondary Property Tax Levy
B
1,986,373
1,986,373
2019 Estimated Revenues Other than Property Taxes
C
16,271,195
5,290,964
412,066
755,530
0
0
269,672
22,999,427
2019 Other Financing Sources
D
0
0
0
0
0
0
0
0
2019 Other Financing (Uses)
D
0
0
0
0
0
0
0
0
2019 Interfund Transfers In
D
52,600
566,407
381,554
500,000
0
0
0
1,500,561
2019 Interfund TransferstOut)
D
1,120,654
179,907
0
200,000
0
0
0
1,500,561
2019 Reduction for Amounts Not Available:
LESS: Amounts for Future Debt Retirement:
0
Rainy Day Fund
2,807,648
2,807,648
0
0
2019 Total Financial Resources Available
25,436,624
12,124,108
3,286,051
7,685,834
0
0
1,253,117
49,785,734
2019 Budgeted Expenditures/Expenses
E
17,771,195
12,124,293
2,760,682
6,211,443
0
0
47,253
38,914,866
EXPENDITURE LIMITATION COMPARISON
2018
2019
1. Budgeted expenditures/expenses
$ 35,297,554 $ 38,914,866
2. Add/subtract: estimated net reconciling items
(944,483)
(857,933)
3. Budgeted expenditures/expenses adjusted for reconciling items
34,463,071
38,056,933
4. Less: estimated exclusions
7,759,092
9,311,624
S. Amount subject to the expenditure limitation
$ 26,693,979 $
28,745,309
6. EEC expenditure limitation
28,182,002
28,954,251
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 Fund BalancelNet Position amounts except for amounts not in spendable form (e.g., prepaids and inventories) or legally or contractually required to be maintained intact (e.g., principal
of a permanent fund).
4115 SCHEDULE A
TOWN OF FOUNTAIN HILLS
Tax Levy and Tax Rate Information
Fiscal Year 2019
2018 2019
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
$ $ 7,000,000
B. Secondary property taxes
1,893,694 1,986 373
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
$ 1,893,694
(2) Prior years' levies
(3) Total secondary property taxes
$ 1,893,694
C. Total property taxes collected
$ 1,89TU92F
5. Property tax rates
A. City/Town tax rate
(1) Primary property tax rate
1.5001
(2) Secondary property tax rate
0.4259 0.4257
(3) Total city/town tax rate
0.4259 1.9258
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.
4/15 SCHEDULE B
TOWN OF FOUNTAIN HILLS
Revenues Other Than Property Taxes
Fiscal Year 2019
Parks & Rec User Fees
ESTIMATED
ACTUAL
ESTIMATED
Variances
REVENUES
REVENUES*
REVENUES
SOURCE OF REVENUES
2018
2018
2019
GENERALFUND
12,680
In -lieu property taxes
Local taxes
Local Sales Tax
$ 8,481,288 $
8,481,288 $
8,693,264
Franchise Tax
360,000
360,000
374,461
Licenses and permits
Animal License Fees
41,832
41,832
Business License Fees
131,076
131,076
136,365
Liquor License Fees
1,500
1,500
2,000
Building Permit Fees
450,619
450,619
227,272
Sign Permits
7,675
7,675
8,175
Landscape Permit Fees
28,980
28,980
23,100
Subdivision Fees
37,750
37,750
45,250
Special Event Permits
3,500
3,500
5,225
Engineering Fees
6,250
6,250
3,950
Third Party Revenues
950,000
950,000
235,000
Planning & Zoning Fees
16,259
16,259
17,489
Plan Review Fees
349,714
349,714
176,326
Intergovernmental
State Sales Tax
2,271,564
2,271,564
2,429,816
Fire Insurance Premium Tax
50,000
50,000
50,500
Shared Income Tax
2,999,604
2,999,604
3,005,431
Charges for services
Parks & Rec User Fees
183,724
Encroachment Fees
40,000
Variances
6,000
Inspection Fees
17,000
Leases & Rents
235,423
Fines and forfeits
Court Fines
200,000
Interest on investments
Interest on Investments
12,680
In -lieu property taxes
183,724
40,000
6,000
17,000
235,423
195,724
35,000
7,600
12,500
237,768
200,000 246,000
12,680 7,200
Contributions
Voluntary contributions 45,285 45,285 71,409
Miscellaneous
Miscellaneous 23,120 23,120 24,370
Total General Fund $ 16,950,843 $ 16,950,843 $ 16,271,195
* 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.
4115 SCHEDULE C
TOWN OF FOUNTAIN HILLS
Revenues Other Than Property Taxes
Fiscal Year 2019
SOURCE OF REVENUES
SPECIAL REVENUE FUNDS
ESTIMATED ACTUAL ESTIMATED
REVENUES REVENUES* REVENUES
2018 2018 2019
Highway User Revenue Fund
Highway User Tax
$
1,553,494
$
1,553,494
$
1,538,106
Vehicle License Tax
1,013,279
1,013,279
1,081,889
Local Sales Tax
769,512
769,512
796,063
In -Lieu Fees
262,000
262,000
100,000
Interest
2,340
2,340
2,400
Miscellaneous
25,000
25,000
25,000
$
3,625,625
$
3,625,625
$
3,543,458
Downtown Strategy Fund
Sales -Excise Tax
$
76,956
$
76,956
$
79,607
Interest
3,060
3,060
1,260
$
80,016
$
80,016
$
80,867
Economic Development Fund
Sales -Excise Tax
$
307,800
$
307,800
$
318,425
Grants
10,000
Interest
48
48
240
$
307,848
$
307,848
$
328,665
Grants
Miscellaneous
$
1,329,000
$
1,329,000
$
1,188,800
$
1,329,000
$
1,329,000
$
1,188,800
Public Art
Public Art
$
15,000
$
15,000
$
15,000
Interest
60
60
240
$
15,060
$
15,060
$
15,240
Court Enhancement Fund
Court Enhancement/JCEF Revenue
$
24,600
$
24,600
$
52,000
Interest
180
180
240
$
24,780
$
24,780
$
52,240
Cottonwoods Maintenance District
Cottonwoods Maintenance District
$
5,490
$
5,490
$
6,714
$
5,490
$
5,490
$
6,714
Tourism Fund
Grants
$
93,000
$
93,000
$
73,000
Interest
180
180
180
$
93,180
$
93,180
$
73,180
Environmental Fund
Environmental Fee
$
492,444
$
492,444
$
Interest
540
540
1,800
$
492,984
$
492,984
$
1,800
Total Special Revenue Funds
$
5,973,983
$
5,973,983
$
5,290,964
* 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.
4/15 SCHEDULE C
TOWN OF FOUNTAIN HILLS
Revenues Other Than Property Taxes
Fiscal Year 2019
ESTIMATED ACTUAL
REVENUES REVENUES*
SOURCE OF REVENUES 2018 2018
DEBT SERVICE FUNDS
General Obligation Debt Service
ESTIMATED
REVENUES
2019
Interest Income
$
720
$
720
$
1,200
$
720
$
720
$
1,200
Eagle Mountain CFD
Property Taxes
$
372,746
$
372,746
$
409,786
Interest Income
120
120
240
$
372,866
$
372,866
$
410,026
Municipal Property Corp
Interest Income
840
840
840
$
840
$
840
$
840
Total Debt Service Funds
$
374,426
$
374,426
$
412,066
CAPITAL PROJECTS FUNDS
Capital Projects Fund
Sales Tax -Local
$
368,124
$
368,124
$
461,465
Grants
255,000
255,000
140,000
Donations
20,000
20,000
Interest
6,024
6,024
7,224
Miscellaneous
150,000
150,000
$
799,148
$
799,148
$
608,689
Facilities Replacement Fund
Interest Income
$
1,440
$
1,440
$
3,600
$
1,440
$
1,440
$
3,600
Development Fee Funds
Development Fees
$
158,160
$
158,160
$
142,581
Interest Income
6,540
6,540
660
$
164,700
$
164,700
$
143,241
Total Capital Projects Funds $ 965,288 $ 965,288 $ 755,530
* 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.
4115 SCHEDULE C
TOWN OF FOUNTAIN HILLS
Revenues Other Than Property Taxes
Fiscal Year 2019
ESTIMATED ACTUAL ESTIMATED
REVENUES REVENUES* REVENUES
SOURCE OF RFVFNUFS 2018 2018 2019
PERMANENT FUNDS
Total Permanent Funds $ $ $
ENTERPRISE FUNDS
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.
4/15 SCHEDULE C
TOWN OF FOUNTAIN HILLS
Revenues Other Than Property Taxes
Fiscal Year 2019
ESTIMATED ACTUAL ESTIMATED
REVENUES REVENUES* REVENUES
SOURCE OF REVENUES 2018 2018 2019
INTERNAL SERVICE FUNDS
Internal Service Fund $ 65,889 $ 65,889 $
Vehicle Replacement Fund 331,403 331,403 269,672
$ 397,292 $ 397,292 $ 269,672
Total Internal Service Funds $ 397,292 $ 397,292 $ 269,672
TOTAL ALL FUNDS $ 24,661,832 $ 24,661,832 $ 22,999,427
* 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.
4/15 SCHEDULE C
TOWN OF FOUNTAIN HILLS
Other Financing Sources/<Uses> and Interfund Transfers
Fiscal Year 2019
4/15 SCHEDULE D
OTHER FINANCING
INTERFUND TRANSFERS
2019
2019
FUND
SOURCES <USES>
IN
<OUT>
GENERAL FUND
MPC Debt Service Fund
$
$
$
$
381,554
Public Art Fund
39,100
39,100
Environmental Fund
200,000
Facilities Replacement Fund
500,000
General Fund -Tourism
13,500
Total General Fund
$
$
$
52,600
$
1,120,654
SPECIAL REVENUE FUNDS
Environmental Fund
$
$
$
200,000
$
Tourism Fund -General Fund
13,500
Tourism Fund -ED
166,407
Economic Development Fund
166,407
HURF-Capital Projects Fund
200,000
Total Special Revenue Funds
$
$
$
566,407
$
179,907
DEBT SERVICE FUNDS
Annual Debt Pmt for Community Center
$
$
$
381,554
$
Total Debt Service Funds
$
$
$
381,554
$
CAPITAL PROJECTS FUNDS
Facilities Replacement Fund
$
$
$
500,000
$
HURF Fund
200,000
Total Capital Projects Funds
$
$
$
500,000
$
200,000
PERMANENT FUNDS
Total Permanent Funds
$
$
$
$
ENTERPRISE FUNDS
Total Enterprise Funds
$
$
$
$
INTERNAL SERVICE FUNDS
Total Internal Service Funds
$
$
$
$
TOTAL ALL FUNDS
$
$
$
1,500,561
$
1,500,561
4/15 SCHEDULE D
FUND/DEPARTMENT
GENERALFUND
Mayor & Town Council
Municipal Court
Administration
General Government
Public Works
Development Services
Community Services
Law Enforcement
Fire & Emergency Medical
Total General Fund
TOWN OF FOUNTAIN HILLS
Expenditures/Expenses by Fund
Fiscal Year 2019
ADOPTED
BUDGETED
EXPENDITURES/
EXPENSES
2018
$ 71,849
339,913
2,342,342
1,364,057
837,495
1,890,482
2,352,113
3,855,626
3,881,833
$ 16,935,709
EXPENDITURE/
EXPENSE
ADJUSTMENTS
APPROVED
2018
10,000
197,177
(1,053,177)
(900)
40,000
$ (806,900)
ACTUAL
EXPENDITURES/
EXPENSES*
2018
$ 81,849
339,913
2,539,519
310,879
836,595
1,890,482
2,392,113
3,855,626
3,881,833
$ 16,128,809
SPECIAL REVENUE FUNDS
Hiohwav User Revenue Fund
Downtown Strategy Fund
Economic Development Fund
Tourism Fund
Public Art Fund
Court Enhancement Fund
Special Revenue Fund
Cottonwoods Maint District
Environmental Fund
Total Special Revenue Funds
DEBT SERVICE FUNDS
$ 3,825,625
40,885
252,823
211,198
39,383
80,265
1,344,000
4,131
717,613
$ 6,515,923
$ 16,000
5,000
(15,000)
900
(5,807)
$ 1,093
$ 3,841,625
45,885
252,823
211,198
39,383
80,265
1,329,000
5,031
711,806
$ 6,517,016
BUDGETED
EXPENDITURES/
EXPENSES
2019
$ 82,592
342,027
2,438,779
2,156,326
1,035,577
1,065,398
2,520,780
4,211,488
3,918,227
$ 17,771,195
$ 9,541,496
40,885
278,312
225,758
54,100
80,515
1,188,800
5,101
709,326
$ 12,124,293
General Obligation Bonds
$
2,121,550
$
$
2,121,550
$
1,972,850
Eagle Mountain CFD
407,656
407,656
405,968
Municipal Property Corp
377,696
377,696
381,864
Total Debt Service Funds
$
2,906,902
$
$
2,906,902
$
2,760,682
CAPITAL PROJECTS FUNDS
Capital Projects
$
7,051,740
$
600,000 $
7,651,740
$
4,175,612
Law Enforcement Dev Fee
Fire/Emergency Dev Fee
11,244
11,244
11,244
Park/Rec Dev Fee
48,756
48,756
48,756
Open Space Dev Fee
535
535
535
Facilities Replacement Fund
906,850
906,850
1,975,296
Total Capital Projects Funds
$
8,019,125
$
600,000 $
8,619,125
$
6,211,443
PERMANENTFUNDS
Total Permanent Funds
$
$
$
$
ENTERPRISE FUNDS
Total Enterprise Funds
$
$
$
$
INTERNAL SERVICE FUNDS
Internal Service
Vehicle Replacement
Total Internal Service Funds
TOTAL ALL FUNDS
$ 63,702 $
862,000 200,000
$ 925,702 $ 200,000
$ 35,303,361 $ (5,807)
$ 63,702
1,062,000
$ 1,125,702
$ 35,297,554
47,253
$ 47,253
$ 38,914,866
* 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.
4/15 SCHEDULE E
DEPARTMENT/FUND
Mayor & Council
General Fund
Mayor & Council Total
Administration
General Fund
Downtown Strategy Fund
Economic Development Fund
Special Revenue Fund
General Obligation Debt
Eagle Mountain CFD
Municipal Property Corp
Cottonwoods Maint District
Capital Projects
Internal Service
Administration Total
General Government
General Fund
Vehicle Replacement
General Government Total
Municipal Court
General Fund
Court Enhancement Fund
Municipal Court Total
Public Works
General Fund
Highway User Revenue Fund
Environmental Fund
Capital Projects
Facilities Replacement Fund
Public Works Total
TOWN OF FOUNTAIN HILLS
Expenditures/Expenses by Department
Fiscal Year 2019
ADOPTED
EXPENDITURE/
BUDGETED
EXPENSE
EXPENDITURES/
ADJUSTMENTS
EXPENSES
APPROVED
2018
2018
$ 71,849 $
$ 71,849 $
ACTUAL BUDGETED
EXPENDITURES/ EXPENDITURES/
EXPENSES* EXPENSES
2018 2019
$ 71,849 $ 82,592
$ 71,849 $ 82,592
$ 2,342,342
$
197,177
$
2,539,519
$
2,438,779
40,885
211,198
5,000
45,885
40,885
252,823
39,383
252,823
278,312
1,344,000
2,480,000
(15,000)
1,329,000
1,188,800
2,121,550
535
2,121,550
1,972,850
407,656
407,656
405,968
377,696
$ 5,131,984
$
40,000 $
377,696
$
381,864
4,131
4,131
5,101
171,740
$ 3,881,833
(10,240)
$
161,500
$
43,263
63,702
3,550,000
63,702
2,312,165
$ 7,126,525
$
176,937
$
7,303,462
$
6,755,822
Fire & Emergency Medical Total
$ 7,431,833
$
$
$ 1,364,057
$
(1,053,177)
$
310,879
$
2,156,326
862,000
200,000
General Fund
1,062,000
$
47,253
$ 2,226,057
$
{853,177)
$
1,372,879
$
2,203,579
Law Enforcement Total
$ 339,913
$
$
$
339,913
$
342,027
80,265
80,265
80,515
$ 420,178
$
$
420,178
$
422,542
$ 837,495
3,825,625
717,613
850,000
906,850
$ 7,137,583
$ (900)
16,000
(5,807)
10,240
$ 19,533
$ 836,595
3,841,625
711,806
860,240
906,850
$ 7,157,116
$ 1,035,577
9,541,496
709,326
1,070,184
1,975,296
$ 14,331,879
Development Services
General Fund $ 1,890,482 $ $ 1,890,482 $ 1,065,398
Development Services Total $ 1,890,482 $ $ 1,890,482 $ 1,065,398
Community Services
General Fund
$ 2,352,113
$
40,000 $
2,392,113
$
2,520,780
Tourism Fund
211,198
211,198
225,758
Public Art Fund
39,383
39,383
54,100
Capital Projects
2,480,000
2,480,000
750,000
Open Space Development Fee
535
535
535
Park/Rec Development Fee48,756
48,756
48,756
Community Services Total
$ 5,131,984
$
40,000 $
5,171,984
$
3,599,929
Fire & Emergency Medical
General Fund
$ 3,881,833
$
$
3,881,833
$
3,918,227
Capital Projects
3,550,000
3,550,000
2,312,165
Fire/Emergency Dev Fee
11,244
Fire & Emergency Medical Total
$ 7,431,833
$
$
7,431,833
$
6,241,636
Law Enforcement
General Fund
$ 3,855,626
$
$
3,855,626
$
4,211,488
Law Enforcement Dev Fee
Law Enforcement Total
$ 3,855,626
$
$
3,855,626
$
4,211,488
* Includes actual expenditures/expenses recognized on the moditied accrual or accrual basis as of the date the
proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year.
4/15 SCHEDULE F
TOWN OF FOUNTAIN HILLS
Full -Time Employees and Personnel Compensation
Fiscal Year 2019
Total Estimated
Full -Time
Employee Salaries
Other Benefit
Personnel
Equivalent (FTE)
and Hourly Costs
Retirement Costs
Healthcare Costs
Costs
Compensation
FUND
2019
2019
2019
2019
2019
2019
GENERAL FUND
55.92
$
3,076,425
$ 283,618
$
296,398
$
135,383
$
3,791,824
SPECIAL REVENUE FUNDS
Highway User Revenue Fund
4.85
$
310,237
$ 34,128
$
54,604
$
22,280
$
421,249
Economic Development Fund
2.00
145,614
16,018
22,015
4,349
187,996
Tourism Fund
0.90
52,374
5,761
6,502
1,770
66,407
Environmental Fund
0.25
19,677
2,164
1,677
835
24,353
Total Special Revenue Funds
8.00
$
527,902
$ 58,071
$
84,798
$
29,234
$
700,005
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 FUND
Total Internal Service Fund
$
$
$
$
$
TOTAL ALL FUNDS
63.92
$
3,604,327
$ 341,689
$
381,196
$
164,617
$
4,491,829
4115
SCHEDULE G
EXHIBIT B
T4
RESOLUTION 2018-26
[Notice]
See following page.
PHOENIX 77018-1 453134v3
Town of Fountain Hills
Notice of Public Hearing
Final Budget Adoption and Tax Levy
On June 5, 2018, beginning at 5:25 p.m. in the Town Hall Council Chambers, 16705 E.
Avenue of the Fountains, Fountain Hills, Arizona 85268, public hearings will be held to
allow members of the public to appear and testify or make inquiries regarding Fiscal Year
2018-19 Budgets for (i) the Town of Fountain Hills, (ii) the Eagle Mountain Community
Facilities District Board, and (iii) the Cottonwoods Maintenance District Board, which will
include fee increases or new fees.
On June 19, 2018, beginning at 5:25 p.m. in the Town Hall Council Chambers, 16705 E.
Avenue of the Fountains, Fountain Hills, Arizona 85268, the Town of Fountain Hills, the
Eagle Mountain Community Facilities District Board, and the Cottonwoods Maintenance
District Board will adopt their property tax levies for the Fiscal Year beginning July 1,
2018 and ending June 30, 2019.
A complete copy of the each of the budgets for the Fiscal Year 2018-19 may be viewed at:
Fountain Hills Town Hall (2nd floor), 16705 E. Avenue of the Fountains,
Fountain Hills, Arizona 85268
Fountain Hills Maricopa County Branch Library, 12901 LaMontana Drive,
Fountain Hills, Arizona 85268
3. The Town of Fountain Hills website at: www.fh.az.gov
Anyone wishing to respond may do so in person at the meetings or in writing prior to the
date of the June 5, 2018 and June 19, 2018 meetings by delivering the written comments
to the Town Clerk's office, 16705 E. Avenue of the Fountains, Fountain Hills, AZ 85268.
PHOENIX 77018-1 4531343