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HomeMy WebLinkAboutPackets - Council Packets (1766)Town Council Meeting Regular Session January 18, 2023 Town Council Meeting Announcements Upcoming Meetings Meetings are subject to change. Check the Town website for meeting status. Stormwater Utility Commission Meeting January 19 at 4 p.m. Hopi Conference Room Neighborhood Meeting –Extra Space Storage Expansion January 19 at 6 p.m. Council Chambers or Zoom 2026 General Plan Community Engagement Advisory Group Meeting January 19 at 6 p.m. Hopi Conference Room Board of Adjustment January 24 at 3 p.m. Council Chambers Neighborhood Meeting –Mercado del Rio Self-Storage January 31 at 6 p.m. Council Chambers or Zoom Town Council Regular Session February 1 at 6 p.m. Council Chambers 4 Town Council Meeting Regular Session January 18, 2023 6 Spotlight on Youth Wyatt Vroom Leman Academy 5th Grade Town Council Meeting Regular Session January 18, 2023 Town of Oro Valley Independent Auditors’ Report Presentation to Town Council Year Ended June 30, 2022 9 Required Communications with Town Council and Management •Auditors’ Report on the Financial Statements •Unmodified opinion •Reasonable assurance the financial statements are fairly presented in accordance with GAAP. •Report on Compliance and on Internal Control over Financial Reporting •Unmodified opinion 10 Communications with Town Council and Management •Baker Tilly’s Responsibility under U.S. General Accepted Auditing Standards (GAAS) •Stated in engagement letter dated May 10, 2022 •Reasonable assurance •Internal control properly designed and implemented •Significant Accounting Policies and Issues Discussed •Note 1 of financial statements •Difficulties encountered in performing the Audit –None encountered •Corrected and uncorrected misstatements –No uncorrected misstatements •Disagreements with management –No disagreements •Management consultations with other Auditors “Audit Shopping” -None noted 11 Communications with Town Council and Management •Other Reports •Annual Expenditure Limitation Report (AELR) •Issued to the Arizona State Auditor General timely Economic Estimates Commission Limitation $ 161,956,509 Town Expenditures Subject to Limitation 116,687,488 Amount under the expenditure Limitation $ 45,269,021 12 Communications with Town Council and Management •Other Reports •Single Audit •Town expensed $6,253,089 of federal funds in 2022. •Major program was: COVID-19 State and Local Fiscal Recovery Fund (ARPA). •Town received an unmodified opinion on the federal single audit report. 13 Findings and Recommendations •Findings •No findings reported in 2022 •Recommendations •No recommendations reported in 2022 14 Financial Highlights - 50 100 150 200 250 300 350 400 450 500 Assets Liabilities Net Position Revenues Expenses Total Government-Wide (In Millions) 2021 2022 15 Financial Highlights - 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 2020 2021 2022 Fund Balance -Governmental All Governmental Funds General Fund 16 Financial Highlights - 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 Water Non-Major Enterprise Fund Fund Balance -Enterprise Funds 2020 2021 2022 17 Financial Highlights - 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000 120,000,000 2020 2021 2022 Fund Balance All Governmental Funds General Fund Proprietary Funds Questions? Town Council Meeting Regular Session January 18, 2023 Town of Oro Valley Health Benefits Trust January 18, 2023 Changes Article III –Mayor replaced with Councilmember Section 3.04 –Automatic extension added for first board-member term of two years Section 3.08 –removed “upon recommendation of the Town Manager” Section 3.10 –added that either the Councilmember or staff appointee must be present for a quorum Section 3.16 –New section dealing with records and maintenance of minutes Town Council Meeting Regular Session January 18, 2023