Regular Fire Board Meeting - July 10, 2024

The unrestricted net position of ($ 73,728) is not available to meet the District’s ongoing obligations to citizens and creditors.

Governmental Activities

Most of the revenues for the District were derived from assessed property taxes and Fire District Assistance Tax from the County. The majority of our budgeted revenue is from property taxes. Our budget for Property Taxes was $668,549 and we received $750,180.

Governmental Activities net position increased by $59,396. Key elements of this increase are reported below:

Statement of Activities

Governmental Activities 2021 2022

Expenditures:

Public Safety: Personnel

$

427,797 257,004 71,957 46,976 803,734

$

459,281 280,051 59,874 42,561 841,767

Operations

Administration Depreciation

Total Expenditures

Revenues:

Program Revenue: Fees for Services

0 0

0 0

Total Program Revenues Net Program Expenditures

803,7345

841,767

General Revenues: Property Taxes

596,180 137,722

750,180 133,650

Fire District Assistance Tax

Interest Earnings

65

31

Miscellaneous

15,374 749,341

17,302 901,163

Total General Revenues

Increase (Decrease) in Net Position

(54,393)

59,396

Net position, Beginning of the Year

402,878 348,485

348,485 407,881

Net position, End of the Year

$

$

General Fund Budgetary Highlights

Ganado Fire District (The District) over-spent two line items. These items were Operations in the amount of $ 89,874 and Administration in the amount of $33,519. This is due in large part to District costs being more than revenues generated by the property tax levy. This overage is the result of the District still recovering monetarily due to the court ruling between “Centrally Assessed Utilities” and Arizona Counties discussed in Note 20 regarding monies which the District had to give back to Apache County in order to resolve their part of the lawsuit. This has severely impacted their revenues for the past 3 years.

15