HomeMy WebLinkAboutAELR FY94TOWN OF FOUNTAIN HILLS, ARIZONA
REPORT ON EXAMINATION OF
ANNUAL EXPENDITURE LIMITATION REPORT
FOR THE
FISCAL YEAR ENDED JUNE 30, 1994
TOWN OF FOUNTAIN HILLS, ARIZONA
TABLE OF CONTENTS
FISCAL YEAR ENDED JUNE 30, 1994
Contents
Independent Auditor's Report
Annual Expenditure Limitation Report - Part I
Annual Expenditure Limitation Report - Part II
Annual Expenditure Limitation Report - Reconciliation
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CRONSTROM & TRBOVICH
CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITOR'S REPORT
The Auditor General of the State of Arizona
and the Honorable Mayor
and Town Council of the Town of Fountain Hills, Arizona
We have audited the general-purpose financial statements of the Town of Fountain Hills,
Arizona, as of and for the fiscal year ended June 30, 1994, and have issued our separate
report thereon dated October 7, 1994. We have also audited the accompanying Annual
Expenditure Limitation Report of the Town of Fountain Hills, Arizona, for the fiscal year
ended June 30, 1994, listed in the table of contents. The Annual Expenditure Limitation
Report is the responsibility of the Town's management. Our responsibility is to express an
opinion on the Annual Expenditure Limitation Report based on our audit.
We conducted our audit in accordance with generally accepted auditing standards. Those
standards require that we plan and perform the audit to obtain reasonable assurance about
whether the report is free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the report. An audit also
includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall report presentation. We believe that our
audit provides a reasonable basis for our opinion.
The aforementioned Annual Expenditure Limitation Report is presented on the basis of
accounting prescribed by the Uniform Expenditure Reporting System required by Arizona
Revised Statutes 41-1279.07, which excludes certain expenditures specified in the Arizona
Constitution, Article IX, 20 from the total expenditures reported in the combined financial
statements. Accordingly, the Report is not intended to be presented in conformity with
generally accepted accounting principles. This Report is intended solely for filing with the
State of Arizona and is not intended for any other purpose.
In our opinion, the Annual Expenditure Limitation Report of the Town of Fountain Hills,
Arizona, for the fiscal year ended June 30, 1994, referred to above presents fairly, in all
material respects, the information required by the Uniform Expenditure Reporting System
prescribed by Arizona Revised Statutes on the basis of accounting described in the third
paragraph.
This report is intended solely for the information and use of the Town Council and
management of the Town of Fountain Hills, Arizona and for filing with the State of
Arizona and is not intended
'' for any other purpose.
Ct0'W��BW�'f ��h t � C•
Cronstrom & Trbovich, P.C.
October 7, 1994
1
4110 NORTH SCOTTSDALE ROAD, SUITE 350 • SCOTTSDALE. ARIZONA 85251-3919 • (602) 481-0007 • FAX 941-0660
A PROFESSIONAL CORPORATION
TOWN OF FOUNTAIN HILLS,
ANNUAL EXPENDITURE LIMITATION
YEAR ENDED JUNE 30,
1. EEC Expenditure Limitation
2. Voter -approved alternative expenditure limitation
3. Enter amount from line 1 or 2
4. Expenditures subject to expenditure
limitation (total expenditures and
expenses from line C, Part ll)
5. Board -approved expenditures necessitated
by a disaster declared by the Governor
(Art. IX, 20[2][a], Arizona Constitution)
6. Board -approved expenditures necessitated by
a disaster not declared by the Governor
(Art. IX, 20[2][b], Arizona Constitution)
7. Prior -year voter approval of expenditures
to exceed expenditure limitation for
reporting fiscal year (Art. IX, 20[2][c],
Arizona Constitution)
8. Adjusted expenditures subject to expenditure
limitation
9. Excess expenditures for previous fiscal year
not approved by voters (Art. IX, 20[2](b],
Arizona Constitution)
10. Total adjusted expenditures subject to
expenditure limitation; add line to 9 to
line 8
11. Subtract line 10 from line 3; if negative,
submit a schedule identifying and explaining
the excess expenditures
ARIZONA
REPORT -PARTI
1994
$ 7,010,827
7,010,827
3,167,554
3.167.554
167.554
$ 3,843,273
I hereby certify, to the best of my knowledge and belief, that the information contained in
this report is accurate and in accordance with the requirements of the uniform expenditure
reporting system. /
Signature of Chief Fiscal Officer:
Name and Title: Paul L. Nordin, Town Manager
Telephone No: (602) 837-2003 Date: October 7, 1994
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