Regular Fire Board Meeting - July 10, 2024

District revenues were $98,904 above what was budgeted however; District expenses were $95,724 over what was budgeted.

The legal compliance of budgeting for Special Districts in Arizona is at the fund level. The District did overspend its budget at the fund level.

Capital Assets and Non-Current Liabilities

In order to continue to provide the best service possible, the District spends a portion of the budget on fixed asset acquisition and capital projects. For fiscal year ended 2022, the District did not purchase any fixed assets.

Capital Assets, Net of Depreciation June 30, 2022

BALANCE 06/30/ 2021

BALANCE 06/30/ 2022

Depreciable Assets Vehicles

$1,148,297 1,410,466

$ 1,148,297

Buildings

1,410,466

Equipment, Admin Equipment, Fire

166,179 691,834

166,179 691,834

Total Historical Costs

3,416,776

3,416,776

Less Accumulated Depreciation

Vehicles

1,148,297

1,148,297

Buildings

865,622 156,838 674,873

940,220 158,486 688,164

Equipment, Admin Equipment, Fire

Less: Total Accumulated Depreciation

2,845,630

2,935,167

Depreciable

Capital Assets, Net

571,146

481,609

Non-Depreciable Assets

Land

0

0

Capital Assets, Net

$ 571,146

$

481,609

Non-Current Liabilities

At the end of the current fiscal year, the District did not have any non-current liabilities.

Factors Affecting Future Results

The District is subject to general economic conditions such as increases or declines in property tax value

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