The Fountain Hills Town Council was able to give thanks after hearing the year end financial report for the 2022/2023 fiscal year that ended June 30.
Town Finance Director David Pock reported that General Fund revenue for the year exceeded budget expectations by $3.3 million. A representative of Heinfeld Meech & Co. also told the council his firm was able to provide an “unmodified” clean audit report for the year.
Pock said General Fund expenditures were below adopted budget amounts by a total of $9.5 million, which includes $4.2 million in savings from using American Rescue Plan Act (ARPA) funds for public safety contracts. These funds were transferred to the Streets Fund in FY23.
