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

17

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