Regular Fire Board Meeting - July 10, 2024

Restricted balances are amounts constrained to specific purposes by their providers (such as grantors, bondholders, and higher levels of government), through constitutional provisions, or by enabling legislation.

Non-Spendable Fund Balances are amounts that are not in a spendable form such as inventories or pre-paid expenses.

Committed fund balances are amounts constrained to specific purposes by the District itself, using its highest level of decision-making authority (i.e., District Board). To be reported as committed, amounts cannot be used for any other purpose unless the Board takes the same highest level action to remove or change the constraint. Assigned fund balances are amounts the District intends to use for a specific purpose. Intent can be expressed by the District Board or by an official or body to which the District Board delegates the authority.

Unassigned fund balances are amounts that are available for any purpose. Positive amounts are reported only in the general fund.

Net Position:

Net Investment in Capital Assets

$

571,146

Unrestricted

(168,268)

Total Net Position

$

402,878

Governmental Fund Balances:

Unassigned

$

(168,268)

Total Fund Balance

$

(168,268)

NOTE 17 - PROPERTY TAXES

Per ARS 48-807.F the District is authorized to levy property taxes in an amount sufficient to operate the District. The board, based on the budget submitted by the district, shall levy, in addition to any tax levied as provided in section 48-806, a tax not to exceed $3.25 per $100 of assessed valuation through tax year 2021, $3.375 per $100 of assessed valuation for tax year 2022, $3.50 per $100 of assessed valuation for tax year 2023 and $3.75 per $100 of assessed valuation for tax year 2024 and each tax year thereafter, or the amount of the levy in the preceding tax year multiplied by 1.08, whichever levy is less, and minus any

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