Back to Top

FINANCE AND BUDGET

The Finance Division provides accounting, financial reporting, grants management, payroll, accounts payable and sales tax analysis services to the City Council and City staff.

The Budget Division is responsible for the planning, compilation, and implementation of the biennial budget for the City.

This budget process includes:

  • Expenditure analysis and revenue forecasting (Starting in November)
  • Providing budget training and budget request instructions to Departments (January)
  • Coordinating with the Community Investment Department to complete the Ten-Year CIP (February)
  • Review budget submittals and meet with Departments (March)
  • Hold City Council CIP and Budget Work Sessions (April & May)
  • Adoption of Ten-Year CIP and Tentative Budget (1st Council Meeting  in June)
  • Adoption of Final Budget  (Last Council Meeting in June)
  • Begin new fiscal year (July 1st)
  • Adoption of Property Tax Levy (1st Council Meeting in July)

Budget preparation allows departments the opportunity to reassess goals and objectives and the means for accomplishing them. Even though the budget may be heard by the Mayor and City Council in May and adopted in June, its preparation begins at least six months prior, with projections of City reserves, revenues, expenditures, and financial capacity. Forecasting is an integral part of the decision making process. Both long and short range projections are prepared. A five-year financial forecast is prepared for each major fund projecting both revenues and expenditures.

BUDGET DOCUMENTS

The City’s Budget Document is the product of the budget process outlined above.  It is a work plan for City operations and capital improvements.


SINGLE AUDIT REPORTS

The Single Audit Report is an audit of the City's major program expenditures of federal funds for compliance with the Federal Single Audit Act.


BUDGET LEGAL SCHEDULES

The required Budget Legal Schedules summarize the City’s Tentative and Final adopted budgets. 


COMPREHENSIVE ANNUAL FINANCIAL REPORTS (CAFR)

The City’s Comprehensive Annual Financial Report, also referred to as the CAFR, is submitted in accordance with Arizona Revised Statutes, Section 9-481.  The financial statements are audited by an independent CPA firm and the most current statements for the year ended June 30, 2015, received an unmodified (“clean”) opinion.


POPULAR ANNUAL FINANCIAL REPORT (PAFR)

The Popular Annual Financial Report (PAFR) provides an overview of the City’s financial results in an easy-to-understand format.


ANNUAL DEVELOPMENT FEE REPORTS

The Annual Development Fee Report presents the annual financial impact of the City’s Development Fee remaining fund balances.  In October of 2011, the City council eliminated the collection of impact fees for capital facilities. 


ANNUAL EXPENDITURE LIMITATION REPORT (AELR)

The Annual Expenditure Limitation Report is presented as required by the Arizona Revised Statute, Section 41-1279.07.