Regular Fire Board Meeting - July 10, 2024
District revenues were $175,070 above what was budgeted however; District expenses were $160,738 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 2020 the District did not purchase any fixed assets.
Capital Assets, Net of Depreciation June 30, 2020
BALANCE 06/30/2019
BALANCE 06/30/2020
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
827,138 156,014 665,805
865,622 156,838 674,873
Equipment, Admin Equipment, Fire
Less: Total Accumulated Depreciation
2,797,254
2,845,630
Depreciable
Capital Assets, Net
619,522
571,146
Non-Depreciable Assets
Land
0
0
Capital Assets, Net
$ 619,522
$
571,146
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