Regular Fire Board Meeting - July 10, 2024

The unrestricted net position of ($ 168,268) 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. Our approved budget for Property Taxes was $679,485 and we received $679,794.

Governmental Activities net position increased by $30,356. Key elements of this increase are reported below:

Statement of Activities

Governmental Activities 2019 2020

Expenditures:

Public Safety: Personnel

$

395,511 318,918 91,407 51,004 856,840

$

440,645 259,421 101,293 48,376 849,735

Operations

Administration Depreciation

Total Expenditures

Revenues:

Program Revenue: Fees for Services

0 0

0 0

Total Program Revenues Net Program Expenditures

856,840

849,735

General Revenues: Property Taxes

586,443 125,513

679,737 135,897

Fire District Assistance Tax

Interest Earnings

3,655

125

Miscellaneous

47,479 763,090

64,332 880,091

Total General Revenues

Increase (Decrease) in Net Position

(93,750)

30,356

Net position, Beginning of the Year

466,272 372,522

372,522 402,878

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 $ 93,421 and Administration in the amount of $74,938. 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 5 years.

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