A few weeks ago, one of the letters stated that we have a lack of rainy-day funds to cover things like the $600,000 to restore damage done to Golden Eagle Park.
On Nov. 6, the council approved $103,000 to replace the grass at the park, using deferred capital projects. I refer him to the June 30, 2018, Audited Town Financial Statements (Page 54, Fund Balance Classifications, Rainy day: $2,807,646); also in unassigned funds: $2,140,434.
On page 35 of the same report: Our net position at the beginning of the year (6/30/2017) was $116,959,432; at the end of the year (6/30/2018), $117,611,549. That’s an increase of $652,117. That means we collected more in taxes and investment earnings than we paid in our governmental activities, functions and programs. Does that mean we had a surplus of over $650,000?
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Charlie Vascellaro
A few weeks ago, one of the letters stated that we have a lack of rainy-day funds to cover things like the $600,000 to restore damage done to Golden Eagle Park.
On Nov. 6, the council approved $103,000 to replace the grass at the park, using deferred capital projects. I refer him to the June 30, 2018, Audited Town Financial Statements (Page 54, Fund Balance Classifications, Rainy day: $2,807,646); also in unassigned funds: $2,140,434.
On page 35 of the same report: Our net position at the beginning of the year (6/30/2017) was $116,959,432; at the end of the year (6/30/2018), $117,611,549. That’s an increase of $652,117. That means we collected more in taxes and investment earnings than we paid in our governmental activities, functions and programs. Does that mean we had a surplus of over $650,000?
We have $3,044,006 in our highways and street maintenance fund balances. Does that sound like we are not maintaining our roads? I am ready to vote for another $8 million bond to continue to paving our roads. Our last $8 million bond will be paid off in 2020.
Also in the report, we have in our fund balances $21,332,129. “That’s millions.” These are assigned for things like capital projects, vehicle replacement, equipment replacement, local court enhancement, etc.
It really is time, after four “no” votes on having a town property tax, for the people who keep playing the same tune to accept the voice of the majority of the voters that don’t want it. It has been proven over and over again we do not need it.
Our town is not only the most beautiful in Arizona, it’s also one of the best maintained. We have spent millions on luxuries; now let’s maintain the necessities. The Town economy is doing great.
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