Loading...
HomeMy WebLinkAboutPackets - Council Packets (1925)         AGENDA ORO VALLEY TOWN COUNCIL REGULAR SESSION JANUARY 22, 2025 ORO VALLEY COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE For information on public comment procedures, please see the instructions for in person and/or virtual speakers at the end of the agenda. To watch and/or listen to the public meeting online, please visit https://www.orovalleyaz.gov/town/departments/town-clerk/meetings-and-agendas Executive Sessions – Upon a vote of the majority of the Town Council, the Council may enter into Executive Sessions pursuant to Arizona Revised Statutes §38-431.03 (A)(3) to obtain legal advice on matters listed on the Agenda.        REGULAR SESSION AT OR AFTER 6:00 PM   CALL TO ORDER   ROLL CALL   PLEDGE OF ALLEGIANCE   UPCOMING MEETING ANNOUNCEMENTS   MAYOR AND COUNCIL REPORTS ON CURRENT EVENTS Spotlight on Youth   TOWN MANAGER'S REPORT ON CURRENT EVENTS   ORDER OF BUSINESS: MAYOR WILL REVIEW THE ORDER OF THE MEETING   INFORMATIONAL ITEMS   CALL TO AUDIENCE – At this time, any member of the public is allowed to address the Mayor and Town Council on any issue not listed on today’s agenda. Pursuant to the Arizona Open Meeting Law, individual Council Members may ask Town Staff to review the matter, ask that the matter be placed on a future agenda, or respond to criticism made by speakers. However, the Mayor and Council may not discuss or take legal action on matters raised during “Call to Audience.” In order to speak during “Call to Audience” please specify what you wish to discuss when completing the blue speaker card.   PRESENTATIONS   1.Presentation and possible discussion of the Town's Annual Comprehensive Financial Report and Single Audit for Fiscal Year ending June 30, 2024   2.Update regarding the next steps to create the community's 10-year action plan, known as OV's Path Forward   CONSENT AGENDA  (Consideration and/or possible action)   A.Minutes - January 8, 2025   B.Approval regarding the proposed architecture for the St. Mark's Church located near the southeast corner of Tangerine Road and Shannon Road   C.Approval to cancel the February 5, 2025, Town Council regular meeting   REGULAR AGENDA   1.PUBLIC HEARING: DISCUSSION AND POSSIBLE ACTION REGARDING A PROPOSED EXEMPTION FROM THE ROONEY RANCH PLANNED AREA DEVELOPMENT SIGN STANDARDS FOR THE BANK OF AMERICA IN ROONEY RANCH LOCATED AT 10775 N. ORACLE ROAD AT THE NORTHWEST CORNER OF ORACLE ROAD AND 1ST AVENUE   2.DISCUSSION AND DIRECTION TO THE APPLICANT, THE PHILLIPS COMPANY LLC, AND STAFF REGARDING THREE SEPARATE RIGHT-OF-WAY VACATION REQUESTS AT THE FOLLOWING LOCATIONS: 1) NORTHEAST INTERSECTION OF RANCHO VISTOSO BLVD. AND TANGERINE ROAD, 2) SOUTHEAST INTERSECTION OF 1ST AVE AND TANGERINE ROAD, AND 3) NORTHWEST INTERSECTION OF INNOVATION PARK DRIVE AND TANGERINE ROAD   3.DISCUSSION AND POSSIBLE ACTION TO POST CALLE BUENA VISTA AS A NO PARKING ZONE BETWEEN CALLE CONCORDIA AND LINDA VISTA BLVD   FUTURE AGENDA ITEMS (The Council may bring forth general topics for future meeting agendas. Council may not discuss, deliberate or take any action on the topics presented pursuant to ARS 38-431.02H)   ADJOURNMENT   POSTED: 1/15/25 at 5:00 p.m. by dt POSTED: 1/15/25 at 5:00 p.m. by dt The Mayor and Council may, at the discretion of the meeting chairperson, discuss any Agenda item. When possible, a packet of agenda materials as listed above is available for public inspection at least 24 hours prior to the Council meeting in the office of the Town Clerk between the hours of 8:00 a.m. – 5:00 p.m. The Town of Oro Valley complies with the Americans with Disabilities Act (ADA). If any person with a disability needs any type of accommodation, please notify the Town Clerk’s Office at least five days prior to the Council meeting at 229-4700. PUBLIC COMMENT ON AGENDA ITEMS The Town has modified its public comment procedures for its public bodies to allow for limited remote/virtual comment via Zoom. The public may provide comments remotely only on items posted as required Public Hearings, provided the speaker registers 24 hours prior to the meeting. For all other items, the public may complete a blue speaker card to be recognized in person by the Mayor, according to all other rules and procedures. Written comments can also be emailed to Town Clerk Michael Standish at mstandish@orovalleyaz.gov for distribution to the Town Council prior to the meeting. Further instructions to speakers are noted below. INSTRUCTIONS TO IN-PERSON SPEAKERS Members of the public shall be allowed to speak on posted public hearings and during Call to Audience when attending the meeting in person. The public may be allowed to speak on other posted items on the agenda at the discretion of the Mayor. If you wish to address the Town Council on any item(s) on this agenda, please complete a blue speaker card located on the Agenda table at the back of the room and give it to the Town Clerk. Please indicate on the blue speaker card which item number and topic you wish to speak on, or, if you wish to speak during Call to Audience, please specify what you wish to discuss. Please step forward to the podium when the Mayor calls on you to address the Council. 1. For the record, please state your name and whether or not you are a Town resident. 2. Speak only on the issue currently being discussed by Council. You will only be allowed to address the Council one time regarding the topic being discussed. 3. Please limit your comments to 3 minutes. 4. During Call to Audience, you may address the Council on any matter that is not on the agenda. 5. Any member of the public speaking must speak in a courteous and respectful manner to those present. INSTRUCTIONS TO VIRTUAL SPEAKERS FOR PUBLIC HEARINGS Members of the public may attend the meeting virtually and request to speak virtually on any agenda item that is listed as a Public Hearing. If you wish to address the Town Council virtually during any listed Public Hearing, please complete the online speaker form by clicking here https://forms.orovalleyaz.gov/forms/bluecard at least 24 hours prior to the start of the meeting. You must provide a valid email address in order to register. Town Staff will email you a link to the Zoom meeting the day of the meeting. After being recognized by the Mayor, staff will unmute your microphone access and you will have 3 minutes to address the Council. Further instructions regarding remote participation will be included in the email. Thank you for your cooperation.    Town Council Regular Session 1. Meeting Date:01/22/2025   Presentation and possible discussion of the Town's Annual Comprehensive Financial Report and Single Audit for Fiscal Year ending June 30, 2024 Subject Presentation and possible discussion of the Town's Annual Comprehensive Financial Report and Single Audit for Fiscal Year ending June 30, 2024 Summary The audit of the Town's Annual Comprehensive Financial Report (ACFR) for June 30, 2024, was completed on December 12, 2024.  The Town received an unmodified (clean) audit opinion.  Just as last year, the Town was also subject to a Single Audit, which is required when expenditures of federal grants and awards exceed $750,000.  American Rescue Plan Act (ARPA) as well as a $1,000,000 parks grant easily thrust the Town over the $750,000 threshold.  The 2024 ACFR has been submitted to the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting award program.  The Town believes the current ACFR continues to meet the Certificate of Achievement’s program requirements for another year.   The ACFR includes introductory, financial and statistical sections.  The introductory section includes a letter of transmittal, organization chart and the previous year’s GFOA certificate.  The financial section includes the Auditors' report, Management’s Discussion and Analysis, basic financial statements and the notes to the financial statements.  The statistical section includes multi-year financial trends, revenue capacity, debt capacity, operating and demographic information.  Management's Discussion and Analysis on Page 17 of the attached ACFR provides a narrative overview and analysis of the Town's financial activities. Brian Hemmerle, CPA, will be present at the meeting to provide an overview of the ACFR to Town Council and answer any questions. Attachments FY2024 ACFR  FY2024 Single Audit  Council Presentation  Town of Oro Valley 2024 Reporting Insights  Prepared by: Finance Department of Town of Oro Valley David Gephart, CPA Chief Financial Officer Wendy Gomez, MPA Deputy Finance Director Aaron Van Winkle Senior Accountant Nancy Arvizu, CPA Senior Accountant Suzy Molinar Accounting Specialist Chris Hutchison, CPA Senior Budget Analyst Town of Oro Valley, Arizona 11000 N. La Cañada Drive Oro Valley, AZ 85737 (520)229-4700 https://www.orovalleyaz.gov TOWN OF ORO VALLEY, ARIZONA ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2024 TABLE OF CONTENTS INTRODUCTORY SECTION Page Letter of Transmittal 1 Organizational Chart 8 List of Town Officials 9 GFOA Certificate of Achievement 10 FINANCIAL SECTION INDEPENDENT AUDITORS’ REPORT 12 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) 15 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements: Statement of Net Position 33 Statement of Activities 34 Fund Financial Statements: Balance Sheet – Governmental Funds 38 Reconciliation of the Balance Sheet – Governmental Funds to the Statement of Net Position 41 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds 42 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds to the Statement of Activities 45 Statement of Net Position – Proprietary Funds 46 Statement of Revenues, Expenses and Changes in Net Position – Proprietary Funds 47 TOWN OF ORO VALLEY, ARIZONA ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2024 TABLE OF CONTENTS FINANCIAL SECTION Page BASIC FINANCIAL STATEMENTS Statement of Cash Flows – Proprietary Funds 48 Notes to Financial Statements 49 REQUIRED SUPPLEMENTARY INFORMATION Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual: General Fund 88 Community Center Fund 89 Grants and Contributions Fund 90 Schedule of the Proportionate Share of the Net Pension Liability – ASRS 91 Schedule of Changes in the Net Pension Liability and Related Ratios – PSPRS Police 92 Schedule of Changes in the Net Pension Liability and Related Ratios – PSPRS Dispatchers 94 Schedule of Pension Contributions – All Pension Plans 96 Notes to Required Supplementary Information 98 SUPPLEMENTARY INFORMATION COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES Governmental Funds: Combining Balance Sheet – All Non-Major Governmental Funds – By Fund Type 102 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – All Non-Major Governmental Funds – By Fund Type 103 TOWN OF ORO VALLEY, ARIZONA ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2024 TABLE OF CONTENTS FINANCIAL SECTION Page Special Revenue Funds: Combining Balance Sheet 106 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 107 Combining Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual 108 Capital Projects Funds: Combining Balance Sheet 112 Combining Statement of Revenues, Expenditures and Changes in Fund Balances 113 Combining Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual 114 Debt Service Fund: Changes in Fund Balances - Budget and Actual 120 STATISTICAL SECTION Financial Trends: Net Position by Component 123 Changes in Net Position 124 Fund Balances of Governmental Funds 126 Changes in Fund Balances of Governmental Funds 127 Revenue Capacity: Principal Sales Taxpayers 128 Taxable Sales by Category 129 TOWN OF ORO VALLEY, ARIZONA ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2024 TABLE OF CONTENTS STATISTICAL SECTION Page Direct and Overlapping Sales Tax Rates 130 Net Limited and Full Cash Assessed Value of Taxable Property 131 Historical and Projected Excise Tax Collections 132 Debt Capacity: Ratio of Outstanding Debt by Type 133 Direct and Overlapping Governmental Activities Debt 134 Legal Debt Margin Information 135 Calculation of Legal Debt Margin 136 Pledged-Revenue Coverage 137 Historical and Projected Water System Revenues, Expenses, Debt Service and Coverage 138 Demographic and Economic Information: Demographic and Economic Statistics 139 Principal Employers 140 Operating Information: Full-Time Equivalent Town Employees by Function 141 Water Utility Revenues by User Type 142 Operating Indicators by Function 143 Water Rates 144 Capital Assets Statistics by Function 145 INTRODUCTORY SECTION (This page intentionally left blank) 1 December 12, 2024 Honorable Mayor, Members of Town Council and Citizens of the Town of Oro Valley, Arizona: State law mandates that cities publish a complete set of financial statements presented in conformity with accounting principles generally accepted in the United States of America and audited in accordance with auditing standards generally accepted in the United States of America by a certified public accounting firm licensed in the State of Arizona. Pursuant to that requirement, we hereby issue the annual comprehensive financial report of the Town of Oro Valley, Arizona (Town) for the fiscal year ended June 30, 2024. Management assumes full responsibility for the completeness and reliability of all information presented in this report. To provide a reasonable basis for making these representations, management of the Town has established a comprehensive internal control framework designed both to protect the Town’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the Town’s financial statements in conformity with accounting principles generally accepted in the United States of America. Because the cost of internal controls should not outweigh their benefits, the Town’s comprehensive framework of internal controls has been designed to provide reasonable, rather than absolute, assurance that the financial statements will be free of material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The Town’s financial statements have been audited by Baker Tilly, LLP, a certified public accounting firm. The goal of the independent audit was to provide reasonable assurance that the financial statements of the Town for the fiscal year ended June 30, 2024, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditors concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the Town’s financial statements for the fiscal year ended June 30, 2024, are fairly presented in conformity with accounting principles generally accepted in the United States of America. The independent auditor’s report is presented as the first component of the financial section of this report. Additionally, the Town is required to have an independent audit ("Single Audit") of federal financial assistance received by the Town directly from federal agencies or passed through to the Town by the State of Arizona, or other governmental entities during the fiscal year. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the government's internal controls and compliance with legal requirements having a direct and material impact on major programs, with special emphasis on internal controls and compliance requirements involving the administration of major federal awards. It’s in our nature… www.orovalleyaz.gov 11000 N. La Cañada Drive • Oro Valley, Arizona 85737 phone: (520) 229-4700 • fax: (520) 229-0428 2 The results of the Town's Single Audit for the fiscal year ended June 30, 2024, found no material weaknesses in the internal control structure, and no instances of significant violations of applicable laws and regulations with respect to major programs. Additional information is available within the separately issued Single Audit Report. Accounting principles generally accepted in the United States of America require that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The Town of Oro Valley’s MD&A can be found immediately following the report of the independent auditors. PROFILE OF THE TOWN The Town of Oro Valley was incorporated in 1974. Located in northeastern Pima County, three miles north of Tucson, it sits at an elevation of 2,620 feet. The Town currently occupies a land area of more than 36 square miles and serves an estimated population of 49,111. The population of Oro Valley has increased 65% since the 2000 population of 29,700. Based on current Census estimates, Oro Valley has a median household income of $101,394, compared to the median household income for the state of Arizona of $72,581. Oro Valley residents enjoy a comfortable hometown feel with a strong family orientation, excellent education system and abundant opportunities in a safe environment. The Town of Oro Valley operates under the Council-Manager form of government. Policymaking and legislative authority is vested in the Town Council, which consists of a Mayor and six Councilmembers. Councilmembers are elected to four-year staggered terms. The citizens of Oro Valley elect the Mayor. The Council, from among its members, selects the Vice-Mayor. The Town Council is responsible, among other things, for the adoption of local ordinances, budget adoption, the development of citizen advisory committees, the hiring and removal of the Town Manager, the Police Chief, Town Attorney and Town Judge. The Town Manager is responsible for implementation of the policies of the Town Council. The Town Manager appoints all other department directors except those mentioned above under Town Council responsibilities. The Town of Oro Valley provides a full range of services including police protection; the construction and maintenance of streets and related infrastructure; proper planning and economic development; the provision of water and stormwater services; public transportation services; recreational activities and cultural events. As with all cities in the State of Arizona, the Town of Oro Valley is required to comply with Article IX, Section 20 (1) of the Arizona Constitution, which sets limits on the Town’s legal budget capacity. In August 2020, Oro Valley voters approved a Permanent Base Adjustment for the Town. The Permanent Base Adjustment option permanently increases the Town’s base limit so that when the State’s expenditure limitation formula is applied, it results in a limitation more closely matching the Town’s annual budget. This permanent adjustment, which took effect in the fiscal year ending June 30, 2024, will save the Town the cost of future Home Rule elections and associated staff time every four years, giving the Town permanent control over expenditures instead of using a state-calculated formula. The annual operating budget serves as the foundation for the Town’s financial planning and control. The objective of these controls is to ensure compliance with legal provisions embodied in the annual 3 operating budget approved by the Town Council. The Town’s proposed operating budget is presented to the Town Council for review throughout the budget cycle starting in December and approved in June. The Town Council is required to hold a public hearing on the proposed budget and to adopt the final budget by no later than the second Monday in August. Budget amendments requiring the approval of the Town Council include the following: budget transfers between funds; transfers to fund additional personnel or increased expenditures from personnel reclassifications; transfers that would reduce or eliminate funding for items designated in the adopted Capital Improvement Plan; and transfers that would reduce or eliminate funding for debt service. All other operational budget amendments involving transfers between line items or expenditure categories require approval by the Town Manager. MAJOR INITIATIVES AND ACCOMPLISHMENTS FOR THE YEAR The Council adopted Strategic Plan for FY 23-24 through 24-25 is the culmination of an extensive four-month process involving Town Council, Town staff, and the Oro Valley community. Rooted deeply in the values and priorities of the Your Voice, Our Future 10-year General Plan, the two-year Strategic Plan provides organizational direction in seven focus areas: • Economic Vitality • Culture and Recreation • Public Safety • Roads, Water and Town Assets • Land Use and Design • Effective and Efficient Government • Financial Stability and Sustainability While the Strategic Plan guides short-term decision-making, the General Plan provides a longer term (up to 10 years) direction regarding the growth, development, and redevelopment of the community. Oro Valley is a community defined by the highest standard of environmental integrity, education, infrastructure, services, and public safety. It is a community of people working together to create the Town’s future with a government that is responsive to residents and ensures the long-term financial stability of the Town. Shown below are some of the Town’s accomplishments during FY 2023-24. • Recognized as a “Triple Crown Winner” by the Government Finance Officers Association for receiving the Certificate of Achievement for Excellence in Financial Reporting Award (30th consecutive year), the Distinguished Budget Presentation Award (16th consecutive year) and the Popular Annual Financial Reporting Award (12th consecutive year) • Ended FY 23-24 with a $22.1 million fund balance in the General Fund, exceeding budget expectations by $8.0 million • Revised and updated comprehensive Town Financial and Budgetary Policies • Received an unmodified “clean” audit opinion for the Town’s annual financial statements • Completed work on the $25 million (including premium) bond-funded parks and recreation amenities and improvements, including Naranja Park improvements, Community Center and golf course irrigation improvements • Celebrated the Town of Oro Valley’s 50th anniversary with numerous community events • Completed a community survey as part of Oro Valley Path Forward, the community’s next 10- year General Plan update • Oro Valley ranked second safest city in Arizona by Safewise.com • Continued construction on the partnered and independent portions of the Water Utility’s Northwest Recharge, Recovery and Delivery System (NWRRDS) project to reduce groundwater pumping and increase delivery of Central Arizona Project water to the Town by up to 150% 4 ECONOMIC CONDITIONS AND OUTLOOK The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment in which the Town operates. Local sales tax revenue exceeded budget expectations by 4% in FY 23-24, while state shared revenues came in at 98.9% of budget. The Town continues to provide services and programs without a property tax to fund operations and, therefore, is dependent upon local sales tax and state shared revenues as major sources of revenue for its operating and capital expenditures. These sources accounted for approximately 84% of total General Fund revenue for FY 23-24. Total local sales tax collections totaled $30.5 million for FY 23-24, which represents a $0.4 million, or 1.2% increase from last fiscal year. Major local sales tax categories experiencing year-over-year changes compared to amounts collected in FY 2022-23 are as discussed below: • Utility tax collections totaled $4.0 million for FY 23-24, up 8.3%, or more than $0.3 million over last fiscal year • Retail tax collections totaled $11.6 million for FY 23-24, up 1.7%, or nearly $0.2 million over last fiscal year • Restaurant and bar tax collections totaled $3.4 million for the fiscal year, roughly flat compared to last fiscal year • Construction sales tax collections totaled $5.5 million for the fiscal year, roughly flat compared to last fiscal year The chart below is a look at the past five years’ local sales tax activity by category: In FY 23-24, the Town received $22.5 million for state shared revenues in the General Fund, up 21.1%, or $3.9 million over last fiscal year. This was due primarily to an increase in the percentage of state income tax collections distributed to incorporated cities and towns. This increase will be offset with upcoming statutory reductions and a rate cap on state income tax growth. The trend chart on the following page depicts the performance of both of these revenue categories since FY 14-15 through FY 24-25 budget projections: 5 Critical to success in this area is the preparation of realistic growth assumptions helping guide Town revenue projections. Despite inflation and interest rate increases that occurred over the past couple of years, there continues to be economic growth and activity in Oro Valley, the Tucson metropolitan region and statewide. Arizona continues to do well in national economic rankings and remains one of the fastest-growing states in both population and personal income. With Oro Valley’s proximity to the Tucson metro region, it is likely that the Town’s local economy will continue to benefit from housing sales, retail and tourism growth, and overall household and personal income growth. Future population and economic growth of the Town depends largely on continued available land for development. Therefore, strategic annexation efforts and discussions are ongoing as a means to address the potential for future buildout within existing Town boundaries. While strong state population and economic growth continues to increase shared revenues, legislative changes made at the state level have a far greater potential for impacts to this significant revenue source for the Town. Statutory income tax rate reductions and a cap of 2.5% are forecast to limit growth in shared income tax revenues to about 2% per year in future years. For FY 24-25, General Fund state shared revenues are expected to decrease nearly 11%, or $2.4 million. In the near term, projected commercial and residential development should be steady over the next two to three-year period. Residential activity has returned to a more normal historical pattern, after a 15-plus year high in FY 20-21. In FY 23-24, the Town estimated that 119 single family residential (SFR) building permits would be issued; a total of 178 were issued by year-end. The FY 24-25 budget conservatively assumes 95 SFR permits will be issued during the year. The chart on the following page depicts the local trends in single family residential (SFR) building permits issued and annual permit revenues from both residential and commercial construction activity from FY 14-15 through FY 24-25 budget projections: 6 Future Focus During FY 2024-25, the Town will continue to identify and quantify both one-time revenues derived from construction activity and recurring revenues derived from such areas as local sales taxes and state- shared sources. This is especially important given the expected declines in state shared revenues. The Town continues to dedicate one-time revenues to funding one-time expenditures in the budget, specifically for capital improvement projects, while ensuring sufficient recurring revenues exist to fund recurring expenditures. With the current growth and activity expectations in future years, it will be imperative to continue to analyze the budget in this manner to avoid future reliance on one-time revenues to fund recurring costs. For FY 24-25, the Town will focus its efforts on supporting elements of the Town Council adopted Strategic Plan all while navigating any potential economic fluctuations that may occur. These strategies will be fulfilled in a number of ways as highlighted below: • Protect and prioritize aging infrastructure with the following capital projects budgeted for FY 24-25: • More than $6.2 million for roadways and related infrastructure and equipment, including $3.2 million for the Pavement Preservation Program in the Highway Fund, an increase of $700,000 over FY 23-24 • $23.5 million to continue progress towards the regional NWRRDS project to increase utilization of Central Arizona Project water allocations in the future • $2.8 million for Town-wide vehicle replacements, including $1.2 million to fully fund the Police Department’s necessary vehicle replacements • $3.0 million to complete a safety and efficiency expansion and improvement of the Town’s Court building • Continue the Town’s commitment towards fully funding the Public Safety Pension Retirement System with nearly $1.5 million in additional contributions budgeted for FY 24-25 • Prioritize financial stability by evaluating current costs and revenue sources, to control expenditures and explore new opportunities for diversification of General Fund resources 7 The Town also continues to maintain strong investment grade ratings on its outstanding excise tax bonds, rated “AA+” by Standard and Poor’s. This is largely achieved by the Council’s goal of continuing to diversify the Town’s revenue base and maintaining strong fund balance reserves in the General Fund, currently at $22.1 million, or 43% of FY 24-25 adopted expenditures of $51.8 million. This is well above the Council-adopted policy threshold of 30% of expenditures. AWARDS AND ACKNOWLEDGMENTS Award. The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the Town of Oro Valley for its annual comprehensive financial report for the year ended June 30, 2023. This was the thirtieth consecutive year that the Town has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current annual comprehensive financial report continues to meet the Certificate of Achievement Program’s requirements and are submitting it to the GFOA to determine its eligibility for another certificate. Acknowledgments. The preparation of this Annual Comprehensive Financial Report could not have been accomplished without the efficient and dedicated services of the entire staff of the Finance Department who assisted in and contributed to its preparation. We thank the Mayor and members of the Town Council for their interest and support in planning and conducting the financial affairs of the Town in a responsible and efficient manner. Respectfully submitted, Jeff Wilkins David Gephart Town Manager Chief Financial Officer 8 Organizational Chart 9 TOWN OF ORO VALLEY, ARIZONA LIST OF TOWN OFFICIALS ELECTED OFFICIALS Mayor Mr. Joe Winfield Vice-Mayor Ms. Melanie Barrett Council Member Mr. Timothy Bohen Term expired November 6, 2024 Council Member Dr. Harry “Mo” Greene Council Member Ms. Joyce Jones-Ivey Council Member Mr. Josh Nicolson Council Member Mr. Steve Solomon Term expired November 6, 2024 TOWN MANAGEMENT Town Manager Jeff Wilkins Deputy Town Manager Chris Cornelison Chief Financial Officer David Gephart Human Resources Director Andrew Votava Town Clerk Michael Standish Judge James Hazel Legal Services Director Tobin Sidles Water Utility Director Peter Abraham Chief of Police Kara Riley Public Works Director/Town Engineer Paul Keesler Community and Economic Development Director Paul Melcher Parks and Recreation Director Rosalyn Epting Information Technology Director Scott Zufelt 10 11 FINANCIAL SECTION 12 Independent Auditors' Report To the Town Council of Town of Oro Valley Report on the Audit of the Financial Statements Other Matter Compliance Over Use of Highway User Revenue Fund and Other Dedicated State Transportation Revenue Monies In connection with our audit, nothing came to our attention that caused us to believe that the Town failed to use highway user revenue fund monies received by the Town pursuant to Arizona Revised Statues Title 28, Chapter 18, Article 2, and any other dedicated state transportation revenues received by the Town solely for the authorized transportation purposes, insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the Town noncompliance with the use of highway user revenue fund monies and other dedicated state transportation revenues, insofar as they relate to accounting matters. The communication related to compliance over the use of Highway User Revenue Fund and other dedicated State transportation revenue monies in the preceding paragraph is intended solely for the information and use of the members of the Arizona State Legislature, (the Arizona Auditor General,) the Town’s Council and management, and other responsible parties within the Town and is not intended to be and should not be used by anyone other than these specified parties. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Town's ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditors' Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms. 13 In performing an audit in accordance with GAAS and Government Auditing Standards, we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Town's internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. • Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Town's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings and certain internal control-related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that the required supplementary information, as listed in the table of contents and Management's Discussion and Analysis, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Town's basic financial statements. The supplementary information such as the combining and individual fund financial statements,as listed in the table of contents is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated in all material respects, in relation to the basic financial statements as a whole. 14 Other Information Management is responsible for the other information included in the annual comprehensive financial report. The other information comprises the introductory section and statistical sections but does not include the basic financial statements and our auditors' report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 12, 2024 on our consideration of the Town's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Town's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Town's internal control over financial reporting and compliance. Tempe, Arizona December 12, 2024 15 MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) (Required Supplementary Information) 16 (This page intentionally left blank) 17 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 As management of the Town of Oro Valley, Arizona (Town), we offer readers of the Town’s financial statements this narrative overview and analysis of the financial activities of the Town for the fiscal year ended June 30, 2024. The management’s discussion and analysis is presented as required supplementary information to supplement the basic financial statements. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found in the introductory section of this report. FINANCIAL HIGHLIGHTS The financial statements, which follow the Management’s Discussion and Analysis, provide key financial highlights for fiscal year ending June 30, 2024 as follows. • The Town’s total net position of governmental activities increased $6.9 million to $217.0 million and business-type activities increased $6.8 million to $128.5 million, representing 63 percent and 37 percent respectively, of the total net position of $345.5 million. • General revenues from governmental activities accounted for $55.6 million in revenue, or 69 percent of all current fiscal year governmental activities revenues. Program specific revenues in the form of charges for services and grants and contributions accounted for $24.7 million or 31 percent of total current fiscal year governmental activities revenues. The Town had $25.3 million of program revenues and $768,723 in general revenues related to business-type activities. • The Town had $72.9 million in expenses related to governmental activities, an increase of 7.4 percent from the prior fiscal year. This increase is attributable to general government and public safety expenses, as well as culture and recreation. The Town had $19.8 million in expenses related to business-type activities, an increase of 5.0 percent from the prior fiscal year. • Among major funds, the General Fund had $59.1 million in revenues, which primarily consisted of sales taxes and intergovernmental revenues. The total expenditures of the General Fund were $50.2 million. The General Fund’s fund balance decreased from $23.8 million to $22.1 million. • The Community Center Fund had $11.5 million in revenues, which consisted primarily of charges for services and sales taxes. The total expenditures of the Community Center Fund were $9.0 million. • The General Government CIP Fund had $2.0 million in revenues consisting primarily of other revenues and interest income. The total expenditures of the General Government CIP Fund were $18.6 million. • The Grants and Contributions Fund had $2.2 million in revenues consisting primarily of intergovernmental revenue. The total expenditures of the Grants and Contributions Fund were $2.2 million. • The Municipal Debt Service Fund had $187,158 in revenues consisting primarily of interest income and other revenues. The total expenditures of the Municipal Debt Service Fund were $4.0 million. • The Water Fund had operating revenues of $19.6 million, exceeding operating expenses of $17.9 million. 18 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 OVERVIEW OF FINANCIAL STATEMENTS This discussion and analysis are intended to serve as an introduction to the Town’s basic financial statements. The Town’s basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government-wide financial statements. The government-wide financial statements are designed to provide readers with a broad overview of the Town’s finances, in a manner similar to a private-sector business. The accrual basis of accounting is used for the government-wide financial statements. The statement of net position presents information on all Town assets liabilities, and deferred inflows/outflows of resources, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the Town is improving or deteriorating. The statement of activities presents information showing how the Town’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused compensated absences). In the government-wide financial statements the Town’s activities are presented in the following categories: • Governmental activities – Most of the Town’s basic services are included here, such as general government, public safety, highways and streets, transit, and culture and recreation. Sales taxes, intergovernmental, and charges for services finance most of these activities. • Business-type activities – The services provided by the Town included here are water and stormwater utilities. The services are primarily financed through user fees and charges. Fund Financial Statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The Town uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the Town can be divided into two categories: governmental funds and proprietary funds. Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements use the modified accrual basis of accounting and focus on near-term inflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating the Town’s near-term financing requirements. 19 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the Town’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the General, Community Center, Grants and Contributions, General Government CIP, and Municipal Debt Service Funds, all of which are considered to be major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements and schedules. Proprietary funds. The Town maintains two types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The Town uses enterprise funds to account for its Oro Valley Water Utility and Stormwater Drainage Utility. The Town uses an internal service fund to finance its self- insured employee health benefits. Because these services predominately benefit governmental rather than business-type functions, the internal service fund has been included within governmental activities in the government-wide financial statements. Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found immediately following the basic financial statements. Other information. In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the Town’s budget process, and pension plans. The Town adopts an annual expenditure budget for all governmental funds. A schedule of revenues, expenditures and changes in fund balances – budget and actual has been provided for the General Fund and the major Special Revenue Funds as required supplementary information. Schedules for the pension plans have also been provided as required supplementary information. GOVERNMENT-WIDE FINANCIAL ANALYSIS Net position may serve over time as a useful indicator of a government’s financial position. In the case of the Town, assets and deferred outflows exceeded liabilities and deferred inflows by $345.5 million as of the current fiscal year end. The largest portion of the Town’s net position reflects its investment in capital assets (e.g., land, water rights, buildings and improvements, improvements other than buildings, infrastructure, vehicles, machinery and equipment and construction in progress), less any related outstanding debt used to acquire those assets. 20 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 The Town uses these capital assets to provide services to its citizens; consequently, these assets are not available for future spending. Although the Town’s investment in its capital assets is reported net of related outstanding debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. In addition, a portion of the Town’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance is unrestricted and may be used to meet the Town's ongoing obligations to its citizens and creditors. The following table presents a summary of the Town’s net position for the fiscal years ended June 30, 2024, and June 30, 2023. 2024 2023 2024 2023 2024 Total 2023 Total Current and other assets 57,840,473$ 67,802,234$ 25,915,922$ 34,237,373$ 83,756,395$ 102,039,607$ Capital assets, net 225,923,637 211,255,182 125,099,990 113,572,975 351,023,627 324,828,157 Total assets 283,764,110 279,057,416 151,015,912 147,810,348 434,780,022 426,867,764 Deferred outflows of resources 14,573,869 11,851,971 579,010 834,338 15,152,879 12,686,309 Current and other liabilities 7,503,307 8,861,914 3,568,300 3,994,011 11,071,607 12,855,925 Noncurrent liabilities 70,868,217 69,510,520 19,390,764 22,849,371 90,258,981 92,359,891 Total liabilities 78,371,524 78,372,434 22,959,064 26,843,382 101,330,588 105,215,816 Deferred inflows of resources 3,008,706 2,445,306 142,315 133,851 3,151,021 2,579,157 Net position Net investment in capital assets 195,184,523 181,274,918 110,254,720 95,456,678 305,439,243 276,731,596 Restricted 4,502,647 15,579,039 14,427,924 - 18,930,571 15,579,039 Unrestricted 17,270,579 13,237,690 3,810,899 26,210,775 21,081,478 39,448,465 Total net position 216,957,749$ 210,091,647$ 128,493,543$ 121,667,453$ 345,451,292$ 331,759,100$ Governmental Activities Business-type Activities At the end of the current fiscal year the Town reported positive balances in all categories of net position. The Town’s financial position is the product of several financial transactions including the net results of activities, the acquisition and payment of debt, the acquisition and disposal of capital assets, and the depreciation of capital assets. The following are significant current year transactions impacting the Statement of Net position. • The addition of $25.6 million and $15.3 million in capital assets (net of dispositions) for governmental and business-type activities, respectively, attributable to parks and recreation improvements, roadway improvements, and construction in progress for the Water Utility. • Current assets decreased $10.0 million and $8.6 million for governmental activities and business-type activities, respectively, due to planned cash outlays for capital investment and spending of remaining parks and recreation bond proceeds. • The addition of $10.9 million and $3.7 million for governmental activities and business- type activities, respectively, in accumulated depreciation due to depreciation expense. • Long-term debt decreased $1.7 million and $3.4 million for governmental activities and business-type activities, respectively, due to debt payments made during 2024. 21 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 Changes in net position. The Town’s total revenues for the current fiscal year were $106.4 million. The total cost of all programs and services was $92.7 million. The following table presents a summary of the changes in net position for the fiscal years ended June 30, 2024 and June 30, 2023. 2024 2023 2024 2023 2024 Total 2023 Total Revenues Program revenues Charges for services 13,953,799$ 13,102,775$ 21,071,883$ 19,176,588$ 35,025,682$ 32,279,363$ Operating grants and contributions 3,237,521 4,533,920 - - 3,237,521 4,533,920 Capital grants and contributions 7,512,562 9,258,047 4,257,006 3,964,061 11,769,568 13,222,108 General revenues Sales taxes 30,522,235 30,163,507 - - 30,522,235 30,163,507 Franchise taxes 715,334 763,311 - - 715,334 763,311 Unrestricted state shared revenues 22,500,362 18,581,727 - - 22,500,362 18,581,727 Miscellaneous 92,569 - 18,481 11,000 111,050 11,000 Investment earnings Interest 2,009,088 1,257,044 854,325 291,272 2,863,413 1,548,316 Net increase/(decrease) in fair value (218,561) 132,918 (104,083) 145,125 (322,644) 278,043 Total revenues 80,324,909 77,793,249 26,097,612 23,588,046 106,422,521 101,381,295 Expenses General government 22,885,243 21,233,771 - - 22,885,243 21,233,771 Public safety 21,516,996 20,002,641 - - 21,516,996 20,002,641 Highways and streets 12,407,093 12,041,757 - - 12,407,093 12,041,757 Transit 1,691,450 1,520,300 - - 1,691,450 1,520,300 Culture and recreation 13,167,591 11,839,715 - - 13,167,591 11,839,715 Interest on long-term debt 1,270,041 1,291,181 - - 1,270,041 1,291,181 Water - - 18,305,199 17,438,890 18,305,199 17,438,890 Stormwater - - 1,486,716 1,409,674 1,486,716 1,409,674 Total expenses 72,938,414 67,929,364 19,791,915 18,848,564 92,730,329 86,777,928 Excess/(Deficiency) before transfers 7,386,495 9,863,885 6,305,697 4,739,482 13,692,192 14,603,367 Transfers (520,393) (1,848,196) 520,393 1,848,196 - - Change in net position 6,866,102 8,015,689 6,826,090 6,587,678 13,692,192 14,603,367 Beginning net position 210,091,647 202,075,958 121,667,453 115,079,775 331,759,100 317,155,733 Ending net position 216,957,749$ 210,091,647$ 128,493,543$ 121,667,453$ 345,451,292$ 331,759,100$ Governmental Activities Business-type Activities The following are significant current year transactions that have had an impact on the change in net position. • Total expenses increased $6.0 million, or 6.9 percent. Personnel costs increased as a result of step and merit increases. Other operating costs increased primarily as a result of rising costs for software subscriptions, repair and maintenance for buildings and equipment, insurance, utilities, and telecommunications. • Total revenues increased $5.0 million, or 5.0 percent, due primarily to state shared revenues, charges for services, and investment earnings. 22 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 Governmental and Business-type activities. The following table presents the cost of the Town’s major functional activities. The table also shows each function’s net cost (total cost less charges for services generated by the activities and intergovernmental aid provided for specific programs). The net cost shows the financial burden that was placed on the Town’s taxpayers by each of these functions. Total Net (Expense)Total Net (Expense) Expenses Revenue Expenses Revenue General government 22,885,243$ (15,020,148)$ 21,233,771$ (9,557,895)$ Public safety 21,516,996 (20,329,469) 20,002,641 (18,567,023) Highways and streets 12,407,093 (7,794,639) 12,041,757 (7,054,237) Transit 1,691,450 748,599 1,520,300 257,949 Culture and recreation 13,167,591 (4,568,832) 11,839,715 (4,822,235) Interest on long-term debt 1,270,041 (1,270,041) 1,291,181 (1,291,181) Total 72,938,414$ (48,234,532)$ 67,929,364$ (41,034,622)$ Water 18,305,199$ 5,502,452$ 17,438,890$ 4,227,629$ Stormwater drainage 1,486,716 34,522 1,409,674 64,456 Total 19,791,915$ 5,536,974$ 18,848,564$ 4,292,085$ Business-type Activities Governmental Activities June 30, 2024 June 30, 2023 • The cost of all governmental activities this year was $72.9 million. The increase of $5.0 million from the prior year was due to personnel and other operating cost increases as noted previously. • The cost of all business-type activities this year was $19.8 million. The increase of nearly $1.0 million from the prior year was primarily due to increases in operating costs in the water utility. • Federal and State government grants, developer contributions, and charges for services subsidized certain governmental programs and business-type programs with revenues of $50.0 million. • Net cost of governmental activities of $48.2 million was financed by general revenues, which are made up of primarily sales taxes and state shared revenues totaling $53.0 million. 23 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 FINANCIAL ANALYSIS OF THE TOWN’S FUNDS As noted earlier, the Town uses fund accounting to ensure and demonstrate compliance with finance- related legal requirements. Governmental funds. The focus of the Town’s governmental funds is to provide information on near- term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the Town’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of the Town’s net resources available for spending at the end of the fiscal year. The financial performance of the Town as a whole is reflected in its governmental funds. As the Town completed the year, its governmental funds reported a combined fund balance of $44.9 million, a decrease of $9.7 million. This was primarily due to planned capital spending of bond funds and one-time revenues. The General Fund comprises 49.1 percent of the total governmental fund balance. Approximately $6.3 million, or 28.7 percent of the General’s Fund ending fund balance is unassigned. The General Fund is the principal operating fund of the Town. The decrease in fund balance of $1.7 million to $22.1 million as of fiscal year end was the result of planned transfers for capital spending of one- time revenues. As a whole, General Fund revenues increased approximately $2.2 million. General Fund expenditures increased $1.7 million, due to increased operating costs. The Community Center Fund’s ending fund balance increased from $1.0 million to $1.8 million, due to charges for services revenue. The General Government CIP Fund’s ending fund balance decreased from $24.6 million to $16.7 due to planned capital spending. The negative ending fund balance in the Grants and Contributions Fund is due to pending grant reimbursements for capital outlay. The Municipal Debt Service Fund’s ending fund balance increased from $273,718 to $326,002 due to increases in investment income. Proprietary funds. Net position of the Enterprise Funds at the end of the year amounted to $128.5 million. This increased by $6.8 million during the fiscal year due to development fees, capital contributions of water systems, and transfers of American Rescue Plan Act funds for water capital projects. Net position of the Internal Service Fund at the end of the year amounted to $3.4 million. This increased by $508,140 during the fiscal year due to premiums exceeding claim settlement costs. 24 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 BUDGETARY HIGHLIGHTS The Town’s annual adopted budget established the legal level of expenditure control. Budgetary comparison statements are required for the General Fund and all major special revenue funds and are reported as Required Supplementary Information. These statements compare the original budget, the budget as amended throughout the year, and the actual revenues and expenditures. Budgetary schedules for the other governmental funds are also presented in this report as Other Supplementary Information. Amendments to the Town of Oro Valley’s fiscal year 2023-24 operating and capital budget may occur throughout the year between departments, and between funds in all other funds in a legally permissible manner. Budget adjustments in the General Fund did occur. Budget amendments moved $489,705 and $105,100, respectively, to the General Government CIP Fund for a Council- approved capital project and to General Administration to fund the Town of Oro Valley’s 50th anniversary celebration. Another budget amendment in the General Fund moved capacity among departments due to shifts in personnel that occurred during the fiscal year. Significant General Fund budget variances are summarized as follows: • The favorable variance of $1.6 million in revenues was primarily attributable to increased sales taxes, interest income and permit fees. • The favorable expenditure variance of $4.8 million was mainly attributable to budgeted contingency that was not utilized. • The unfavorable variance in capital outlay was attributable to accounting principles for subscription-based information technology arrangements. This unfavorable variance was offset with other financing sources. 25 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 CAPITAL ASSETS AND DEBT ADMINISTRATION Capital Assets. At year end, the Town had invested $351.0 million in capital assets (net of accumulated depreciation), including buildings, facilities, vehicles, computers, equipment, and infrastructure assets. This amount represents a net increase of $26.2 million from last year. This was primarily due to buildings and improvements. The following schedule presents capital asset balances for the fiscal years ended June 30, 2024 and June 30, 2023. Increase/ 2024 2023 (Decrease) Land 36,289,821$ 36,289,821$ -$ Infrastructure 251,101,285 245,923,586 5,177,699 Buildings and Improvements 87,890,040 57,711,490 30,178,550 Machinery, equipment, and vehicles 22,809,672 21,529,780 1,279,892 Right of use asset 3,281,900 1,647,382 1,634,518 Construction in progress 2,106,956 14,779,568 (12,672,612) Accumulated depreciation/amortization (177,556,037) (166,626,445) (10,929,592) Net capital assets 225,923,637$ 211,255,182$ 14,668,455$ Increase/ 2024 2023 (Decrease) Land 2,410,660$ 2,410,660$ -$ Water rights 8,534,490 8,534,490 - Water system 152,125,390 148,484,849 3,640,541 Stormwater system 4,196,312 4,158,612 37,700 Machinery, equipment, and vehicles 7,052,460 6,722,379 330,081 Construction in progress 22,968,118 11,709,344 11,258,774 Accumulated depreciation (72,187,440) (68,447,359) (3,740,081) Net capital assets 125,099,990$ 113,572,975$ 11,527,015$ Business-type Activities Governmental Activities The estimated cost to complete current construction projects is $38.3 million. Additional information on the Town’s capital assets can be found in Note 6. 26 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 Debt Administration. At year end, the Town had $58.1 million in long-term debt outstanding with $6.6 million due within one year. Long-term debt decreased by $5.1 million due to $6.3 million in maturities and redemptions, offset with subscription liabilities. The following table presents a summary of the Town’s outstanding long- term debt for the fiscal years ended June 30, 2024 and June 30, 2023. Increase/ 2024 2023 (Decrease) Revenue bonds 40,789,128$ 43,457,370$ (2,668,242)$ Leases 597,242 827,109 (229,867) Financed purchases 49,723 69,254 (19,531) Subscription liabilities 1,678,826 466,860 1,211,966 43,114,919$ 44,820,593$ (1,705,674)$ Increase/ 2024 2023 (Decrease) Revenue bonds 13,184,870$ 16,231,628$ (3,046,758)$ Loans payable 1,761,630 2,087,126 (325,496) 14,946,500$ 18,318,754$ (3,372,254)$ Business-type Activities Governmental Activities State statutes currently limit the amount of general obligation debt a Town may issue to 20 percent of its net full cash assessed valuation for water, sewer, lights, open space preserves, parks, playgrounds and recreational facilities. The current debt limitation for the Town is $241.9 million. State statutes also currently limit the amount of general obligation debt a Town may issue to six percent of its net full cash assessed valuation for all other purposes. The current debt limitation for the Town is $72.6 million. The Town does not have any general obligation debt. The Town has a bond rating of “AA+” from Standard & Poor’s and “AA” from Fitch Ratings on outstanding revenue bonds. Additional information on the Town’s long-term debt can be found in Notes 7 through 12. 27 TOWN OF ORO VALLEY, ARIZONA MANAGEMENT’S DISCUSSION AND ANALYSIS (MD&A) YEAR ENDED JUNE 30, 2024 ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND RATES Many factors were considered by the Town’s administration during the process of developing the fiscal year 2024-25 budget. Among them: • The unemployment rate for the Town of Oro Valley is currently 3.4 percent. Both Pima County’s and the State of Arizona’s unemployment rates are 3.5 percent. • The Town’s net full cash assessed valuation for the current year is $1,209,485,802. • Single family residential (SFR) building permits issued in this fiscal year totaled 178, as compared to 119 SFR building permits issued last fiscal year. Projections for SFR building permits are 95 for fiscal year 2024-25. The adopted combined operating and capital expenditure budget for fiscal year 2024-25 totals $150.8 million, an increase of $2.3 million, or 1.6 percent over last year’s budget of $148.5 million. This increase is primarily due to planned capital projects, as well as increases in personnel and operations and maintenance costs. The budget for fiscal year 2024-25 continues to place emphasis on achieving the goals identified in the Town’s adopted Strategic Plan, and includes the following focus areas: economic vitality, culture and recreation, public safety, roads water and Town assets, land use and design, effective and efficient government, and financial stability and sustainability. CONTACTING THE TOWN’S FINANCIAL MANAGEMENT This financial report is designed to provide our citizens, taxpayers, customers, and investors and creditors with a general overview of the Town’s finances and to demonstrate the Town’s accountability for the resources it receives. If you have questions about this report or need additional information, contact the Finance Department, Town of Oro Valley, Arizona, 11000 North La Cañada Drive, Oro Valley, Arizona 85737. 28 (This page intentionally left blank) 29 BASIC FINANCIAL STATEMENTS 30 (This page intentionally left blank) 31 GOVERNMENT-WIDE FINANCIAL STATEMENTS 32 (This page intentionally left blank) 33 TOWN OF ORO VALLEY, ARIZONA STATEMENT OF NET POSITION JUNE 30, 2024 ASSETS Current assets: Cash and investments $47,430,728 $22,888,824 $70,319,552 Taxes receivable 3,971,733 - 3,971,733 Accounts receivable 789,553 2,336,047 3,125,600 Interest receivable 298,015 197,218 495,233 Intergovernmental receivable 2,191,927 - 2,191,927 Lease receivable 2,101,627 2,101,627 Inventories 146,375 - 146,375 Prepaid items 910,515 493,833 1,404,348 Total current assets 57,840,473 25,915,922 83,756,395 Noncurrent assets: Capital assets, non-depreciable/amortized 38,396,777 33,913,268 72,310,045 Capital assets, depreciable/amortized (net)187,526,860 91,186,722 278,713,582 Total noncurrent assets 225,923,637 125,099,990 351,023,627 Total Assets 283,764,110 151,015,912 434,780,022 DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding - 101,230 101,230 Pension plan items 14,573,869 477,780 15,051,649 Total Deferred Outflows of Resources 14,573,869 579,010 15,152,879 LIABILITIES Current liabilities: Accounts payable and accrued expenses 2,739,891 1,455,638 4,195,529 Accrued wages and benefits 1,292,116 176,023 1,468,139 Intergovernmental payable 119,409 809,071 928,480 Interest payable - 173,386 173,386 Unearned revenue 2,114,481 273,182 2,387,663 Claims payable 322,952 - 322,952 Customer deposits payable 626,512 681,000 1,307,512 Other accrued liabilities 287,946 - 287,946 Total current liabilities 7,503,307 3,568,300 11,071,607 Noncurrent liabilities: Due within one year 5,742,650 3,447,571 9,190,221 Due in more than one year 65,125,567 15,943,193 81,068,760 Total noncurrent liabilities 70,868,217 19,390,764 90,258,981 Total Liabilities 78,371,524 22,959,064 101,330,588 DEFERRED INFLOWS OF RESOURCES Leases 2,023,742 - 2,023,742 Pension plan items 984,964 142,315 1,127,279 Total Deferred Inflows of Resources 3,008,706 142,315 3,151,021 NET POSITION Net investment in capital assets 195,184,523 110,254,720 305,439,243 Restricted for: Capital projects 3,239,535 14,427,924 17,667,459 Debt service 326,002 - 326,002 Public safety 331,063 - 331,063 Highway and streets 606,047 - 606,047 Unrestricted 17,270,579 3,810,899 21,081,478 Total Net Position $216,957,749 $128,493,543 $345,451,292 Business-type Activities Governmental Activities Total The notes to the basic financial statements are an integral part of this statement. 34 TOWN OF ORO VALLEY, ARIZONA STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2024 Functions/Programs Primary Government Governmental activities: General government $22,885,243 $4,714,761 $64,827 $3,085,506 Public safety 21,516,996 290,374 897,152 - Highway and streets 12,407,093 369,376 321,463 3,921,615 Transit 1,691,450 - 1,934,608 505,441 Culture and recreation 13,167,591 8,579,288 19,471 - Interest on long-term debt 1,270,041 - - - Total governmental activities 72,938,414 13,953,799 3,237,521 7,512,562 Business-type activities: Water 18,305,199 19,550,645 - 4,257,006 Stormwater 1,486,716 1,521,238 - - Total business-type activities 19,791,915 21,071,883 - 4,257,006 Total Primary Government $92,730,329 $35,025,682 $3,237,521 $11,769,568 General revenues: Taxes: Sales taxes Franchise taxes Unrestricted state shared revenues Investment income: Interest Net increase in fair value of investments Miscellaneous Transfers Total general revenues and transfers Changes in net position Net position, beginning of year Net position, end of year Program Revenues Contributions Grants and Capital Expenses Services Charges for Operating Grants and Contributions The notes to the basic financial statements are an integral part of this statement 35 $(15,020,148) $- $(15,020,148) (20,329,469) - (20,329,469) (7,794,639) - (7,794,639) 748,599 - 748,599 (4,568,832) - (4,568,832) (1,270,041) - (1,270,041) (48,234,532) - (48,234,532) - 5,502,452 5,502,452 - 34,522 34,522 - 5,536,974 5,536,974 $(48,234,532) $5,536,974 $(42,697,558) 30,522,235 - 30,522,235 715,334 - 715,334 22,500,362 - 22,500,362 2,009,088 854,325 2,863,413 (218,561) (104,083) (322,644) 92,569 18,481 111,050 (520,393) 520,393 - 55,100,634 1,289,116 56,389,750 6,866,102 6,826,090 13,692,192 210,091,647 121,667,453 331,759,100 $216,957,749 $128,493,543 $345,451,292 Totals Net (Expense) Revenue and Changes in Net Position Net (Expense) Revenue and Changes in Net Position Activities Governmental Activities Business-type 36 (This page intentionally left blank) 37 FUND FINANCIAL STATEMENTS 38 TOWN OF ORO VALLEY, ARIZONA BALANCE SHEET – GOVERNMENTAL FUNDS JUNE 30, 2024 Community ASSETS Cash and investments $20,028,263 $1,848,985 $17,359,593 Taxes receivable 3,673,621 298,112 - Accounts receivable 565,562 219,834 4,157 Interest receivable 156,735 12,381 55,301 Intergovernmental receivable 387,686 - 1,000,000 Lease receivable 1,459,768 346,637 - Inventories - 146,375 - Prepaid items 686,393 35,162 188,960 Total Assets $26,958,028 $2,907,486 $18,608,011 LIABILITIES Accounts payable $1,037,946 $461,345 $930,281 Accrued payroll and related benefits 1,292,116 - - Intergovernmental payable 119,409 - - Unearned revenue 381,969 18,650 1,000,000 Customer deposits payable 626,512 - - Other accrued liabilities - 287,946 - Total Liabilities 3,457,952 767,941 1,930,281 DEFERRED INFLOWS OF RESOURCES Lease related 1,418,573 324,428 - FUND BALANCES Nonspendable 686,393 181,537 188,960 Restricted - - - Committed 15,051,151 1,633,580 - Assigned - - 16,488,770 Unassigned 6,343,959 - - Total Fund Balances 22,081,503 1,815,117 16,677,730 Total Liabilities, Deferred Inflows of Resources and Fund Balances $26,958,028 $2,907,486 $18,608,011 General General Center Government CIP The notes to the basic financial statements are an integral part of this statement. 39 $126,056 $325,026 $3,867,616 $43,555,539 - - - 3,971,733 - - - 789,553 16,396 976 38,117 279,906 378,255 - 425,986 2,191,927 - - 295,222 2,101,627 - - - 146,375 - - - 910,515 $520,707 $326,002 $4,626,941 $53,947,175 $- $- $143,978 $2,573,550 - - - 1,292,116 - - - 119,409 706,262 - 7,600 2,114,481 - - - 626,512 - - - 287,946 706,262 - 151,578 7,014,014 - - 280,741 2,023,742 - - - 1,056,890 - 326,002 4,176,645 4,502,647 - - 17,977 16,702,708 - - - 16,488,770 (185,555) - - 6,158,404 (185,555) 326,002 4,194,622 44,909,419 $520,707 $326,002 $4,626,941 $53,947,175 Total Funds Non-Major Municipal Governmental GovernmentalGrants and Debt Service FundsContributions 40 (This page intentionally left blank) 41 TOWN OF ORO VALLEY, ARIZONA RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION JUNE 30, 2024 Governmental Fund Balances $44,909,419 Capital assets are not financial resources in governmental funds, but are reported in the Statement of Net Position at their net depreciable value. Governmental capital assets 403,479,674 Less accumulated depreciation/amortization (177,556,037) 225,923,637 Deferred outflows and inflows of resources related to pensions are applicable to future periods and, therefore, are not reported in the funds. Deferred outflows of resources related to pensions 14,573,869 Deferred inflows of resources related to pensions (984,964) 13,588,905 The Internal Service Fund is used by management to charge the cost of insurance to the individual funds. The assets and liabilities of the Internal Service Fund are included in the Statement of Net Position.3,404,005 Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the funds. Compensated absences payable (2,644,700) Revenue bonds payable (44,488,323) Leases payable (597,242) Subscriptions Based Information Technology Arrangements (1,678,826) Financed purchases (49,723) Net pension liability (21,409,403) (70,868,217) Net Position of Governmental Activities $216,957,749 The notes to the basic financial statements are an integral part of this statement. 42 TOWN OF ORO VALLEY, ARIZONA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS YEAR ENDED JUNE 30, 2024 REVENUES Sales taxes $26,715,684 $3,806,551 $- Franchise taxes 715,334 - - Development impact fees - - - Intergovernmental 25,260,912 - 464,000 Licenses, fees and permits 2,122,503 - - Fines, forfeitures and penalties 61,640 - - Charges for services 2,984,059 7,488,363 - Donations 5,122 - - Investment income: Interest 747,818 33,052 716,598 Net increase/(decrease) in fair value of investments (108,967) (3,904) (69,737) Other 573,211 162,550 892,575 Total Revenues 59,077,316 11,486,612 2,003,436 EXPENDITURES Current: General government 21,508,943 - 92,386 Public safety 20,170,049 - - Highway and streets - - - Transit 1,697,772 - - Culture and recreation 4,397,777 7,107,757 287,938 Capital outlay 1,814,920 1,659,167 18,199,380 Debt service: Principal retirement 489,400 182,550 - Interest and fiscal charges 91,643 14,569 - Total Expenditures 50,170,504 8,964,043 18,579,704 REVENUES OVER/(UNDER) EXPENDITURES 8,906,812 2,522,569 (16,576,268) OTHER FINANCING SOURCES/(USES) Subscription-based information technology arrangements 1,634,518 - - Sale of general capital assets 219 1,518 71,733 Insurance recoveries 16,106 - 131,977 Transfers in/(out), net (12,274,644) (1,717,203) 8,500,000 Total Other Financing Sources/(Uses)(10,623,801) (1,715,685) 8,703,710 NET CHANGE IN FUND BALANCES (1,716,989) 806,884 (7,872,558) FUND BALANCES, Beginning of year 23,798,492 1,008,233 24,550,288 FUND BALANCES, End of year $22,081,503 $1,815,117 $16,677,730 CenterGeneral Government CIP Community General The notes to the basic financial statements are an integral part of this statement 43 $- $- $- $30,522,235 - - - 715,334 - - 461,552 461,552 2,135,677 25,649 4,243,078 32,129,316 - - 25,869 2,148,372 - - 129,883 191,523 - - 38,225 10,510,647 - - - 5,122 24,514 66,529 321,397 1,909,908 (1,172) - (18,623) (202,403) 33,631 94,980 766 1,757,713 2,192,650 187,158 5,202,147 80,149,319 - - - 21,601,329 75,431 - 45,137 20,290,617 - - 2,372,557 2,372,557 - - - 1,697,772 113 - 540 11,794,125 2,080,167 - 4,915,957 28,669,591 - 2,668,242 - 3,340,192 - 1,369,340 - 1,475,552 2,155,711 4,037,582 7,334,191 91,241,735 36,939 (3,850,424) (2,132,044) (11,092,416) - - - 1,634,518 - - - 73,470 - - 13,949 162,032 (384,701) 3,902,708 1,453,447 (520,393) (384,701) 3,902,708 1,467,396 1,349,627 (347,762) 52,284 (664,648) (9,742,789) 162,207 273,718 4,859,270 54,652,208 $(185,555) $326,002 $4,194,622 $44,909,419 Municipal Debt Service Grants and Contributions Non-Major Funds Governmental Funds Governmental Total 44 (This page intentionally left blank) 45 TOWN OF ORO VALLEY, ARIZONA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES YEAR ENDED JUNE 30, 2024 Net change in fund balances - total governmental funds $(9,742,789) Amounts reported for governmental activities in the Statement of Activities are different because: Governmental funds report the portion of capital outlay for capitalized assets as expenditures. However, in the Statement of Activities, the costs of those assets are allocated over their estimated useful lives as depreciation/amortization expense. Expenditures for capital assets $28,436,561 Less current year depreciation/amortization (13,625,173) 14,811,388 Deferred items such as premiums related to the net cost of issuance of bonds are amortized over the life of the associated bond issue in the government-wide statements but not reported in the funds.205,511 Governmental funds report pension contributions as expenditures. However, they are reported as deferred outflows of resources in the Statement of Net Position. The change in the net pension liability, adjusted for deferred pension items, is reported as pension expense in the Statement of Activities.(275,031) Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. Loss on disposal of assets $(142,933) Compensated absences (203,858) (346,791) The Internal Service Fund is used by management to charge the cost of insurance to the individual funds. The changes in net position of the Internal Service Fund is reported with governmental activities in the Statement of Activities.508,140 Repayments of long-term debt principal are expenditures in the governmental funds, but the repayment reduces long-term liabilities in the Statement of Net Position. Debt issued or incurred $(1,634,518) Lease principal retirement 229,867 Financed purchases principal retirement 19,531 Subscriptions-based Information Technology Arrangements principal retirement 422,552 Revenue bond principal retirement 2,668,242 1,705,674 Change in net position of governmental activities.$6,866,102 The notes to the basic financial statements are an integral part of this statement. 46 TOWN OF ORO VALLEY, ARIZONA STATEMENT OF NET POSITION – PROPRIETARY FUNDS JUNE 30, 2024 ASSETS Current assets: Cash and investments $21,824,982 $1,063,842 $22,888,824 $3,875,189 Accounts receivable 2,166,033 170,014 2,336,047 - Interest receivable 188,869 8,349 197,218 18,109 Prepaid items 493,833 - 493,833 - Total current assets 24,673,717 1,242,205 25,915,922 3,893,298 Noncurrent assets: Capital assets, non-depreciable 33,913,268 - 33,913,268 - Capital assets, depreciable (net)87,725,117 3,461,605 91,186,722 - Total noncurrent assets 121,638,385 3,461,605 125,099,990 - Total Assets 146,312,102 4,703,810 151,015,912 3,893,298 DEFERRED OUTFLOWS OF RESOURCES Deferred charge on refunding 101,230 - 101,230 - Pension plan items 374,206 103,574 477,780 - Total Deferred Outflows of Resources 475,436 103,574 579,010 - LIABILITIES Current liabilities: Accounts payable and accrued expenses 1,449,648 5,990 1,455,638 166,341 Accrued wages and benefits 134,428 41,595 176,023 - Intergovernmental payable 809,071 - 809,071 - Interest payable 173,386 - 173,386 - Unearned revenue 273,182 - 273,182 - Claims payable - - - 322,952 Customer deposits payable 681,000 - 681,000 - Total current liabilities 3,520,715 47,585 3,568,300 489,293 Noncurrent liabilities: Due within one year 3,433,152 14,419 3,447,571 - Due in more than one year 15,483,128 460,065 15,943,193 - Total noncurrent liabilities 18,916,280 474,484 19,390,764 - Total Liabilities 22,436,995 522,069 22,959,064 489,293 DEFERRED INFLOWS OF RESOURCES Pension plan items 111,464 30,851 142,315 - NET POSITION Net investment in capital assets 106,793,115 3,461,605 110,254,720 - Restricted for capital projects 14,427,924 - 14,427,924 - Unrestricted 3,018,040 792,859 3,810,899 3,404,005 Total Net Position $124,239,079 $4,254,464 $128,493,543 $3,404,005 Activities: GovernmentalEnterprise Funds Non-Major Water Enterprise Fund Total Service Fund Internal The notes to the basic financial statements are an integral part of this statement. 47 TOWN OF ORO VALLEY, ARIZONA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION – PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2024 OPERATING REVENUES: Charges for services $19,530,375 $1,521,217 $21,051,592 $145,608 Other 20,270 21 20,291 251,729 Self insurance premiums - - - 3,774,869 Total Operating Revenues 19,550,645 1,521,238 21,071,883 4,172,206 OPERATING EXPENSES: Costs of sales and services 13,504,941 1,291,827 14,796,768 19,703 Contractual services 513,064 41,991 555,055 978,799 Depreciation 3,839,193 152,898 3,992,091 - Claims payments - - - 2,748,280 Administrative - - - 306 Total Operating Expenses 17,857,198 1,486,716 19,343,914 3,747,088 OPERATING INCOME/(LOSS)1,693,447 34,522 1,727,969 425,118 NONOPERATING REVENUES (EXPENSES): Sale of assets 12,600 - 12,600 - Insurance recoveries 5,881 - 5,881 - Investment income: Interest 825,119 29,206 854,325 99,180 Net increase (decrease) in fair value of investments (99,318) (4,765) (104,083) (16,158) Interest expense (448,001) - (448,001) - Total Nonoperating Revenues (Expenses)296,281 24,441 320,722 83,022 INCOME/(LOSS) BEFORE CONTRIBUTIONS AND TRANSFERS 1,989,728 58,963 2,048,691 508,140 DEVELOPMENT FEES 2,367,405 - 2,367,405 - CAPITAL CONTRIBUTIONS 1,889,601 - 1,889,601 - TRANSFERS IN/(OUT), NET 520,393 - 520,393 - CHANGES IN NET POSITION 6,767,127 58,963 6,826,090 508,140 NET POSITION, Beginning of year 117,471,952 4,195,501 121,667,453 2,895,865 NET POSITION, End of year $124,239,079 $4,254,464 $128,493,543 $3,404,005 Enterprise Funds Governmental Water Enterprise Fund Total Service Fund Activities: Non-Major Internal The notes to the basic financial statements are an integral part of this statement. 48 TOWN OF ORO VALLEY, ARIZONA STATEMENT OF CASH FLOWS – PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2024 Increase (Decrease) in Cash and Cash Equivalents Cash flows from operating activities: Cash received from customers $19,536,312 $1,519,671 $21,055,983 $- Cash received from premiums - - - 3,774,869 Cash payments to suppliers for goods and services (11,082,172) (413,683) (11,495,855) (582,604) Cash payments to employees for services (3,573,848) (949,736) (4,523,584) - Cash payments for claims - - - (2,786,657) Net cash provided by operating activities 4,880,292 156,252 5,036,544 405,608 Cash flows from noncapital and related financing activities: Interfund transfers 520,393 - 520,393 - Net cash provided by noncapital financing activities 520,393 - 520,393 - Cash flows from capital and related financing activities: Development impact fees 2,367,405 - 2,367,405 - Acquisition of capital assets (13,591,804) (37,700) (13,629,504) - Proceeds from sale of capital assets 12,600 - 12,600 - Insurance recoveries 5,881 - 5,881 - Principal paid on long-term debt (3,372,254) - (3,372,254) - Interest on long-term debt (382,353) - (382,353) - Net cash used for capital financing activities (14,960,525) (37,700) (14,998,225) - Cash flows from investing activities: Investment income 671,211 22,178 693,389 75,268 Net cash provided by investing activities 671,211 22,178 693,389 75,268 Net increase (decrease) in cash and cash equivalents (8,888,629) 140,730 (8,747,899) 480,876 Cash and cash equivalents, beginning of year 30,713,611 923,112 31,636,723 3,394,313 Cash and cash equivalents, end of year $21,824,982 $1,063,842 $22,888,824 $3,875,189 Reconciliation of Operating Income (Loss) to Net Cash Provided by (Used for) Operating Activities Operating income (loss)$1,693,447 $34,522 $1,727,969 $425,118 Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities: Depreciation 3,839,193 152,898 3,992,091 - Provision for bad debt 11,003 1,000 12,003 - Change in assets and liabilities: Accounts receivable (301,795) (2,567) (304,362) - Prepaid items (77,236) - (77,236) 13,997 Accounts payable (603,517) (55,450) (658,967) 4,870 Unearned revenue 273,182 - 273,182 - Claims payable - - - (38,377) Accrued wages and benefits (26,492) 6,687 (19,805) - Customer deposits payable 3,277 - 3,277 - Pension plan items 69,230 19,162 88,392 - Total adjustments 3,186,845 121,730 3,308,575 (19,510) Net cash provided by operating activities $4,880,292 $156,252 $5,036,544 $405,608 Non-cash capital and financing activities Contribution of assets from developers $1,889,601 $- $1,889,601 $- Governmental Activities Internal Service FundWater Non-major Enterprise Fund Total Enterprise Funds The notes to the basic financial statements are an integral part of this statement. 49 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of the Town of Oro Valley, Arizona (Town) have been prepared in conformity with accounting principles generally accepted in the United States of America as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The more significant of the Town’s accounting policies are described below. A. Reporting Entity The Town is a municipal entity governed by an elected mayor and council. The financial reporting entity consists of a primary government and its component units. A component unit is a legally separate entity that must be included in the reporting entity in conformity with generally accepted accounting principles. The Town is a primary government that has a separately elected governing body, is legally separate, and is fiscally independent of other state or local governments. Furthermore, there are no component units combined with the Town for financial statement presentation purposes, and the Town is not included in any other governmental reporting entity. Consequently, the Town’s financial statements include the funds of those organizational entities for which its elected governing body is financially accountable. B. Government-Wide and Fund Financial Statements The government-wide financial statements (i.e., the statement of net position and the statement of activities) present financial information about the Town as a whole. The reported information includes all of the nonfiduciary activities of the Town. For the most part, the effect of internal activity has been removed from these statements. These statements are to distinguish between the governmental and business-type activities of the Town. Governmental activities normally are supported by sales taxes and intergovernmental revenues, and are reported separately from business-type activities, which rely to a significant extent on fees and charges for support. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Sales taxes, franchise taxes, unrestricted state shared revenues, investment income and other items not included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds and proprietary funds. Major individual governmental funds and the major individual enterprise fund are reported as separate columns in the fund financial statements. 50 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation Government-wide Financial Statements – The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the grantor or provider have been met. As a general rule, the effect of internal activity has been eliminated from the government- wide financial statements; however, the effects of interfund services provided and used between functions are reported as expenses and program revenues at amounts approximating their external exchange value. Fund Financial Statements – Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the Town considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. General capital asset acquisitions are reported as expenditures in governmental funds. Issuances of general long- term debt and acquisitions under lease contracts are reported as other financing sources. Sales taxes, franchise taxes, licenses and permits, charges for services, special assessments and investment income associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. Miscellaneous revenue is not susceptible to accrual because generally it is not measurable until received in cash. Grants and similar awards are recognized as revenue as soon as all eligibility requirements imposed by the grantor or provider have been met. Unearned revenue arises when resources are received by the Town before it has legal claim to them, as when grant monies are received prior to meeting all eligibility requirements imposed by the provider. The Council adopts the budget at the fund level as a total amount of expenditures. Financial control is administered by fund, with budgetary control for operating performance regulated at the departmental level, e.g., finance, development services, police, and parks and recreation. The legal level of budgetary control (i.e. the level at which expenditures may not legally exceed appropriations) is at the fund level. 51 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The focus of governmental fund financial statements is on major funds rather than reporting funds by type. Each major fund is presented in a separate column. Non-major funds are aggregated and presented in a single column. The internal service fund is presented in a single column on the face of the proprietary fund statements. The Town reports the following major governmental funds. General Fund – This fund accounts for all financial resources of the Town, except those required to be accounted for in other funds. Community Center Fund – This fund accounts for the activity of the Oro Valley Community Center, including golf, tennis, food and beverage and fitness revenues and expenditures. This fund also accounts for the half cent sales taxes revenues dedicated to these operations, as well as other Parks and Recreation facilities, amenities or operations as determined by the Town Council. General Government CIP Fund – This fund accounts for governmental capital asset projects. Grants and Contributions Fund – This fund accounts for governmental grants and contributions received and expended by the Town. Municipal Debt Service Fund – This fund accounts for debt service payments on the Series 2010 Excise Tax Revenue Obligations, the Series 2012 Excise Tax Revenue Obligations, the Series 2015 Excise Tax Revenue Refunding Obligations, the Series 2016 Excise Tax Revenue Obligations, the Series 2017 Refunding Excise Tax Revenue Obligations, the Series 2018 Excise Tax Revenue Obligations, the Taxable Series 2021 Excise Tax Revenue Obligations and the Tax- Exempt Series 2021 Excise Tax Revenue Obligations. The Town reports the following major proprietary funds. Water Fund – This fund accounts for the costs to operate, construct and finance the Town water system. The Proprietary Fund financial statements are reported using the economic resources measurement focus and accrual basis of accounting. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principal operating revenues of the Town’s internal service fund are charges for health benefits. The principal operating revenues of the Town’s enterprise funds are charges to customers for water and stormwater drainage services. Operating expenses for these funds include the cost of sales and services, administrative expenses, depreciation, and amortization. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. 52 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Cash and Investments For purposes of the Statement of Cash Flows, the Town considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents at year end were cash on hand, cash in bank, and cash and investments held by another governmental entity as the Town's fiscal agent. Arizona statute requires a pooled collateral program for public deposits and a Statewide Collateral Pool Administrator (Administrator) in the State Treasurer’s Office. The purpose of the pooled collateral program is to ensure that governmental entities’ public deposits placed in participating depositories are secured with collateral of 102 percent of the public deposits, less any applicable deposit insurance. An eligible depository may not retain or accept any public deposit unless it has deposited the required collateral with a qualified escrow agent or the Administrator. The Administrator manages the pooled collateral program, including reporting on each depository’s compliance with the program. Nonparticipating interest-earning investment contracts are stated at cost. Money market investments and participating interest investment contracts with a remaining maturity of one year or less at time of purchase are stated at amortized cost. All other investments are stated at fair value. E. Investment Income Investment income is composed of interest, dividends, and net changes in the fair value of applicable investments. F. Receivables and Payables Activity between funds that is representative of lending/borrowing arrangements outstanding at the end of the fiscal year is referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the non-current portion of interfund loans). All other outstanding balances between funds are reported as “due to/from other funds.” Interfund balances between governmental funds are eliminated on the Statement of Net Position All receivables are shown net of an allowance for uncollectibles. G. Inventory All inventories are valued at cost using the first-in/first-out (FIFO) method. Inventories consist of expendable supplies held for consumption. Inventories are recorded as expenses when consumed on the government-wide financial statements and the fund financial statements. 53 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) H. Prepaid Items Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in the government-wide and fund financial statements. Prepaid items are recorded as expenses when consumed in the government-wide financial statements and the fund financial statements. I. Capital Assets Capital assets, which include land, water rights, buildings and improvements, right-to-use lease assets, improvements other than buildings, infrastructure, vehicles, machinery, equipment, and construction in progress, are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. Capital assets are defined by the Town as assets with an initial, individual cost of $25,000 or more and an estimated useful life of two or more years. Exceptions maybe be made depending on the requirements of certain federal or state grants. Capital assets are recorded at historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend the life of the asset are not capitalized. Certain capital assets of the Town are depreciated/amortized using the straight-line method over the following estimated useful lives: Assets Years Buildings 50 Improvements other than buildings 20-30 Infrastructure 20-50 Vehicles 4-6 Machinery and equipment 7-20 Intangible right-to-use lease assets are amortized over the shorter of the lease term or the useful life of the underlying assets above. Intangible right-to-use subscription assets are amortized over the shorter of the subscription term or the useful life of the underlying IT assets. J. Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position may report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to future periods and so will not be recognized as an outflow of resources (expense/expenditure) until then. In addition to liabilities, the statement of financial position may report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to future periods and so will not be recognized as an inflow of resources (revenue) until that time. 54 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) K. Compensated Absences The Town’s employee annual and sick leave policies generally provide for granting annual and sick leave with pay. Full-time employees accrue annual leave based on the number of years employed. Employees who terminate their employment shall be paid in a lump sum. Full-time employees accumulate sick leave at the rate of one workday per month. Part-time employees whose normal week is twenty hours or more receive sick leave at half the rate of full-time employees. Once an employee has exceeded 480 hours of accrued sick leave, one half of the sick leave balance in excess of the 480 hours shall be paid to the employee upon separation from employment. The current and long-term liabilities, including related benefits, for accumulated vacation and sick leave are reported on the government-wide financial statements. A liability for these amounts, including related benefits, is reported in governmental funds only if they have matured, for example, as a result of employee leave, resignations and retirements. Generally, resources from the General Fund are used to pay for compensated absences. L. Leases and subscription-based information technology arrangements As lessee, the Town recognizes lease liabilities with an initial, individual value of $75,000 or more. The Town uses its estimated incremental borrowing rate to measure lease liabilities unless it can readily determine the interest rate implicit in the lease. The Town's estimated incremental borrowing rate is based on the average interest rate of other financing instruments with similar terms and risks as those currently entered into by the Town. As lessor, the Town recognizes lease receivables with an initial, individual value of $150,000 or more. If there is no stated rate in the lease contract (or if the stated rate is not the rate the Town charges the lessee) and the implicit rate cannot be determined, the Town uses its own estimated incremental borrowing rate as the discount rate to measure lease receivables. The Town’s estimated incremental borrowing rate is calculated as described above. The Town recognizes subscription liabilities with an initial value of $75,000 or more. The Town uses its estimated incremental borrowing rate to measure subscription liabilities unless it can readily determine the interest rate implicit in the arrangement. The Town’s estimated incremental borrowing rate is calculated as described above. M. Pensions For purposes of measuring the net pension liabilities, related deferred outflows of resources and deferred inflows of resources, and related expenses, information about the pension plans’ fiduciary net position and additions to/deductions from the plans’ fiduciary net position have been determined on the same basis as they are reported by the plan. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. Generally, resources from the General Fund are used to pay for pensions. N. Long-term Obligations In the government-wide financial statements and proprietary fund types in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities on the 55 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) statement of net position. Bond premiums and discounts are amortized over the life of the bonds using the straight-line method. Deferred amounts on refunding result from the difference between the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. The Town's legal debt limit for water, sewer, lights, open space preserves, parks, playgrounds, and recreational facilities is $241.9 million, and for all other purposes is $72.6 million. The Town does not have any related debt. O. Interfund Activity Flows of cash from one fund to another without a requirement for repayment are reported as interfund transfers. Interfund transfers between governmental funds are eliminated in the Statement of Activities. Interfund transfers in the fund statements are reported as other financing sources/uses in governmental funds and after nonoperating revenues/expenses in proprietary funds. P. Net Position Flow Assumption In the government-wide and proprietary fund financial statements the Town applies restricted resources first when outlays are incurred for purposes for which either restricted or unrestricted amounts are available. Q. Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from those estimates. NOTE 2 – FUND BALANCE CLASSIFICATIONS Fund balances of the governmental funds are reported separately within classifications based on a hierarchy of the constraints placed on the use of those resources. The classifications are based on the relative strength of the constraints that control how the specific amounts can be spent. The classifications are nonspendable, restricted, and unrestricted, which includes committed, assigned, and unassigned fund balance classifications. 56 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 2 – FUND BALANCE CLASSIFICATIONS (Continued) Nonspendable. The nonspendable fund balance classification includes amounts that cannot be spent because they are not in spendable form or are legally or contractually required to be maintained intact. Restricted. Fund balance is reported as restricted when constraints placed on the use of resources are either externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments or is imposed by law through constitutional provisions or enabling legislation. Committed. The committed fund balance classification includes amounts that can be used only for the specific purposes imposed by formal action of the Town Council through the approval of a Town resolution. Those committed amounts cannot be used for any other purpose unless the Town Council removes or changes the specified use by taking the same type of action it employed to previously commit those amounts. The committed fund balance reported in the General Fund is to be used for contingency reserve. The committed fund balance reported in the Townwide Facilities Projects Fund is used for improvements to Town parks. The committed fund balance reported in the Community Center Fund is used for the culture and recreation activity of the Community Center as well as other Parks and Recreation facilities, amenities or operations as determined by the Town Council. Assigned. Amounts in the assigned fund balance classification are intended to be used by the Town for specific purposes but do not meet the criteria to be classified as restricted or committed. In governmental funds other than the General Fund, assigned fund balance represents the remaining amount that is not restricted or committed. In the General Fund, assigned amounts represent intended uses established by the Town Council or a management official delegated that authority by the formal Town Council action. This authorization has been given to the Town Manager through the approval of Resolution No. (R)23-01, which amended the Town Financial and Budgetary Policies. The assigned fund balance in the General Government CIP Fund is to be used for governmental capital asset projects. Unassigned. Unassigned fund balance is the residual classification for the General Fund and includes all spendable amounts not contained in the other classifications. In other governmental funds, the unassigned classification is used only to report a deficit balance resulting from overspending for specific purposes for which amounts had been restricted, committed, or assigned. The Grants and Contributions Fund has a deficit in fund balance of $185,555 as of June 30, 2024. This is simply a timing issue due to grant expenditures and pending reimbursements. The Town applies restricted resources first when outlays are incurred for purposes for which either restricted or unrestricted (committed, assigned, and unassigned) amounts are available. Similarly, within unrestricted fund balance, committed amounts are reduced first followed by assigned, and then unassigned amounts when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used. 57 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 2 – FUND BALANCE CLASSIFICATIONS (Continued) The table below provides detail of the major components of the Town’s fund balance classifications at year end. Grants and Municipal Fund Balances: Nonspendable: Inventory $- $146,375 $- $- $- $- Prepaid items 686,393 35,162 188,960 - - - Restricted: Highway and Streets - - - - - 606,047 Debt service - - - - 326,002 - Capital projects - - - - - 3,239,535 Public safety - - - - - 331,063 Committed: Contingency reserve 15,051,151 - - - - - Culture & recreation - 1,633,580 - - - 17,977 Assigned: Townwide capital - - 16,488,770 - - - Unassigned:6,343,959 - - (185,555) - - Total Fund Balances $22,081,503 $1,815,117 $16,677,730 $(185,555) $326,002 $4,194,622 Debt Service Fund Non-Major Governmental Funds General Fund Community Center Fund General Government CIP Fund Contributions Fund NOTE 3 – STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY Excess Expenditures Over Budget – At year end, the Town had expenditures that exceeded the budget; however, this does not constitute a violation of legal provisions. NOTE 4 – CASH AND INVESTMENTS A.R.S. authorize the Town to invest public monies in obligations of the U.S. Government and its agencies, obligations of the State and certain local government subdivisions, interest- bearing savings accounts and certificates of deposit, collateralized repurchase agreements, certain obligations of U.S. corporations, and certain other securities. The statutes do not include any requirements for credit risk, custodial credit risk, concentration of credit risk, interest rate risk, or foreign currency risk for the Town’s investments. Custodial Credit Risk – Deposits. Custodial Credit risk is the risk that in the event of bank failure the Town’s deposits may not be returned to the Town. The Town does not have a deposit policy for custodial credit risk. At year end, the carrying value of the Town’s deposits was $5,021,339 and the bank balance was $5,639,424. Of the bank balance, $750,000 was covered by Federal depository insurance and the remainder was covered by collateral held by the pledging financial institution’s trust department or agent but not in the Town’s name and no amounts were uninsured and uncollateralized. Additionally, the Town had cash on hand of $7,413. 58 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 4 – CASH AND INVESTMENTS (Continued) Fair Value Measurements. The Town categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. • Level 1 inputs are quoted prices in active markets for identical assets • Level 2 inputs are significant other observable inputs • Level 3 inputs are significant unobservable inputs Valuation Techniques. Equity and debt securities classified in Level 1 of the fair value hierarchy are valued using prices quoted in active markets for those securities. Money markets and certificates of deposit securities classified in Level 2 of the of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. The State Treasurer’s pools are external investment pools, the Local Government Investment Pool (Pool 5) and Local Government Investment Pool – Government (Pool 7), with no regulatory oversight. The pools are as an investment company are not registered with the Securities and Exchange Commission. The activity and performance of the pools are reviewed monthly by the State Board of Investment. The fair value of each participant’s position in the State Treasurer investment pools approximates the value of the participant’s shares in the pool and the participants’ shares are not identified with specific investments. Participants in the pool are not required to categorize the value of shares in accordance with the fair value hierarchy. The Arizona State Treasurer has a publicly available financial report that includes financial statements and required supplementary information. Copies may be obtained by contacting the Arizona State Treasurer, 1700 West Washington, Phoenix, AZ 85007 or at www.aztreasury.gov. The County Treasurer’s pool is an external investment pool with no regulatory oversight. The pool is not required to register (and is not registered) with the Securities and Exchange Commission. The fair value of each participants’ position in the County Treasurer investment pool approximates the value of the participants’ shares in the pool and the participants’ shares are not identified with specific investments. Participants in the pool are not required to categorize the value of shares in accordance with the fair value hierarchy. Custodial Credit Risk – Investments. The Town’s investment in the State and County Treasurer’s investment pools represents a proportionate interest in the pool’s portfolio; however, the Town’s portion is not identified with specific investments and is not subject to custodial credit risk. 59 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 4 – CASH AND INVESTMENTS (Continued) All investments in which the fair value hierarchy is applicable are measured at fair value on a recurring basis. At year end, the Town’s investments consisted of the following: Credit Quality Ratings Investment Type Fair Value Category Less than 1 1-5 S&P's Money Market - Wells Fargo 207,017 Level 2 207,017 N/A Money Market - Zion Bank 167,697 Level 2 167,697 N/A Money Market - US Bank 6,032,430 Level 2 6,032,430 N/A Money Market - BNY Mellon 215,112 Level 2 215,112 N/A U.S. Treasuries 21,906,777 Level 1 2,125,375 19,781,402 AA+ Supra-National Agency 370,142 Level 1 370,142 AAA Collateralized Mortgage Obligations 3,099,118 Level 1 3,099,118 AA+ Asset-Backed Securities 11,977,298 Level 1 775,374 11,201,924 N/A Bank Note 244,650 Level 1 244,650 A Certificate of Deposit 1,950,110 Level 1 1,950,110 A-1 Corporate Notes:16,181,401 Level 1 116,449 16,064,952 BBB+ Total 62,351,753 10,009,596 52,342,156 County Treasurer's Investment Pool 418,158 Not applicable 418,158 N/A State Treasurer's Investment Pool 5 2,520,887 Not applicable 2,520,887 AA-3 Total 65,290,798 Investment Maturities (in Years) Interest Rate Risk. The Town has implemented an investment policy that will minimize interest rate risk, which is the risk that the market value of securities in the portfolio will fall due to changes in market interest rates by the following. 1. Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity; and 2. Investing operating funds primarily in shorter-term securities, money market mutual funds, or similar investment pools limiting the average maturity in the portfolio in accordance with this policy. Credit Risk. The Town has implemented an investment policy that will minimize credit risk, which is the risk of loss due to the failure of the security or backer by the following: 1. Limiting investments to the types of securities listed in Section 6 of this investment policy; 2. Pre-qualifying financial institutions, broker/dealers, intermediaries, and advisers with which the Town will do business in accordance with Section 5; and 3. Diversifying the investment portfolio so that the impact of potential losses from any one type of security or from any one individual issuer will be minimized. 60 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 4 – CASH AND INVESTMENTS (Continued) Concentration of Credit Risk. The Town places no limit on the amount the Town may invest in any one issuer. Investments in any one issuer are as follows: % Money Markets 9 U.S. Treasuries 34 Supra-National Agency 1 Collateralized Mortgage Obligations 5 Asset-Backed Securities 18 Bank Note 0 Certificate of Deposit 3 Corporate Notes 25 County Treasurer's Investment Pool 1 State Treasurer's Investment Pool 5 4 100 % Concentration NOTE 5 – RECEIVABLES Receivable balances, net of allowance for uncollectibles, have been disaggregated by type and presented separately in the financial statements with the exception of intergovernmental receivables. Intergovernmental receivables, net of allowance for uncollectibles, as of year-end for the Town’s individual major funds and non-major governmental funds in the aggregate, were as follows: General Non-Major Government Governmental CIP Fund Funds Intergovernmental receivables: Due from federal government $50,454 $1,000,000 $346,097 $- Due from state government 324,503 - - 425,986 Due from other governments 12,729 - 32,158 Net intergovernmental receivables $387,686 $1,000,000 $378,255 $425,986 General Fund Contributions Fund Grants and Lease Receivables – The Town leases cell tower space and building/facility space to third parties under the provisions of various lease agreements. During the fiscal year ended June 30, 2024, the Town recognized total lease-related revenues of $155,524. 61 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 6 – CAPITAL AND INTANGIBLE ASSETS A summary of capital and intangible asset activity for the year ended June 30, 2024, was as follows: Governmental Activities: NON-DEPRECIABLE/AMORTIZABLE Land $36,289,821 $- $- $- $36,289,821 Construction in progress 14,779,568 19,205,702 (31,878,314) - 2,106,956 Total non-depreciable/amortizable 51,069,389 19,205,702 (31,878,314) - 38,396,777 DEPRECIABLE/AMORTIZABLE Infrastructure 245,923,586 5,177,699 - - 251,101,285 Buildings & improvements 57,711,490 30,178,550 - - 87,890,040 Machinery, equipment & vehicles 21,529,780 4,118,406 (2,871,334) 32,820 22,809,672 Software - SBITA Subscriptions 582,440 1,634,518 - - 2,216,958 Equipment - Leases 1,064,942 - - - 1,064,942 Total depreciable/amortizable 326,812,238 41,109,173 (2,871,334) 32,820 365,082,897 ACCUMULATED DEPRECIATION/AMORTIZATION Infrastructure (137,218,380) (9,683,472) - - (146,901,852) Buildings & improvements (13,494,968) (1,532,149) - - (15,027,117) Machinery, equipment & vehicles (15,560,662) (1,746,909) 2,728,401 (32,820) (14,611,990) Software - SBITA Subscriptions (115,580) (422,552) - - (538,132) Equipment - Leases (236,855) (240,091) - - (476,946) Total accumulated depreciation/amortization (166,626,445) (13,625,173) 2,728,401 (32,820) (177,556,037) Total capital assets being depreciated/amortized 160,185,793 27,484,000 (142,933) - 187,526,860 Capital assets, net of depreciation/amortization $211,255,182 $46,689,702 $(32,021,247) $- $225,923,637 Business-type Activities: NON-DEPRECIABLE Land $2,410,660 $- $- $- $2,410,660 Water rights 8,534,490 - - - 8,534,490 Construction in progress 11,709,344 12,352,636 (1,093,862) - 22,968,118 Total non-depreciable 22,654,494 12,352,636 (1,093,862) - 33,913,268 DEPRECIABLE Water system 148,484,849 3,640,541 - - 152,125,390 Stormwater system 4,158,612 37,700 - - 4,196,312 Machinery, equipment & vehicles 6,722,379 582,090 (219,189) (32,820) 7,052,460 Total depreciable 159,365,840 4,260,331 (219,189) (32,820) 163,374,162 ACCUMULATED DEPRECIATION Water system (62,160,295) (3,607,372) - - (65,767,667) Stormwater system (858,274) (87,448) - - (945,722) Machinery, equipment & vehicles (5,428,790) (297,270) 219,189 32,820 (5,474,051) Total accumulated depreciation (68,447,359) (3,992,090) 219,189 32,820 (72,187,440) Total capital assets being depreciated 90,918,481 268,241 - - 91,186,722 Capital assets, net of depreciation $113,572,975 $12,620,877 $(1,093,862) $- $125,099,990 Beginning Ending Balance Increases Decreases Balance Beginning Ending Balance Increases Decreases Balance Transfers Transfers 62 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 6 – CAPITAL AND INTANGIBLE ASSETS (Continued) Depreciation and amortization expense was charged to functions/programs as follows: Governmental activities: General government $527,960 $492,482 $1,020,442 Public safety 1,109,067 - 1,109,067 Highways & streets 10,080,031 - 10,080,031 Culture & recreation 1,245,471 170,160 1,415,631 Total depreciation/amortization expense - governmental activities $12,962,529 $662,642 $13,625,171 Business-type activities: Water $3,839,193 $- $3,839,193 Stormwater 152,898 - 152,898 Total depreciation - expense business-type activities $3,992,091 $- $3,992,091 Depreciation Amortization TotalDepreciation Amortization Total Construction Commitments – As of year-end, the Town had contractual commitments related to park improvements, facility improvements, and water system improvements. At year end the Town had spent $10.5 million on the projects and had estimated remaining contractual commitments of $38.3 million. NOTE 7 – LOAN PAYABLE The Town has a loan from the Water Infrastructure Finance Authority (WIFA) of Arizona for water system projects. The loan payable at current fiscal year end is presented below. Interest Rate (Including Remaining Business-type activities:Fees)Maturities WIFA Loan, 2014 2.65%7/1/24-29 $1,761,630 $334,128 Total $1,761,630 $334,128 Outstanding Principal June 30, 2024 Due Within One Year 63 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 7 – LOAN PAYABLE (Continued) Principal and interest payments on the business-type activities loan payable at June 30, 2024 is summarized as follows: Year ending June 30: $334,128 $42,288 342,989 33,310 352,085 24,093 361,422 14,632 371,006 4,920 $1,761,630 $119,243 Total 2025 2026 2027 2028 2029 Principal Interest NOTE 8 – REVENUE BONDS PAYABLE Bonds payable at year end, consisted of the following outstanding revenue and refunding bonds. The bonds are both callable and noncallable with interest payable semiannually. Taxes, water revenues, and impact fees are used to pay bonded debt. Purpose Governmental activities: Revenue bonds: Excise Tax Revenue Obligations, 2010 $2,445,000 $640,000 $155,000 Revenue Bonds, 2012 2,580,000 840,000 200,000 Pension Obligation Bonds, 2021 17,975,000 16,075,000 960,000 Parks and Recreation, 2021 21,120,000 19,490,000 715,000 Private placement revenue bonds: Refunding Excise Tax Revenue Obligations, 2015 2,529,250 598,980 297,480 Excise Tax Revenue Obligations, 2016 2,000,000 1,265,000 146,000 Refunding Excise Tax Revenue Obligations, 2017 1,115,556 401,148 130,494 Excise Tax Revenue Obligations, 2018 2,035,000 1,479,000 129,000 Total $40,789,128 $2,732,974 Outstanding Principal June 30, 2024Issued Amount Original Interest Rates 7/1/24-28 Remaining Maturities 1.91% 2.20% 7/1/24-26 7/1/24-32 7/1/24-28 7/1/24-27 7/1/24-343.02% 7/1/24-42 7/1/24-390.27-2.70% 4.00-5.00% 3.50-4.00% 2.43% Due Within One Year 5.49-6.59% Purpose Business-type activities: Private placement revenue bonds: Refunding Revenue Bonds, 2015 $1,245,750 $295,020 $146,520 Refunding Revenue Bonds, 2017 13,186,444 4,741,846 1,542,506 Excise Tax Revenue Obligations, 2018 6,105,000 4,437,004 387,000 Refunding Revenue Bonds, 2021 5,582,000 3,711,000 760,000 Total $13,184,870 $2,836,026 Original Amount Issued Interest Remaining Outstanding Principal June 30, 2024RatesMaturities Due Within One Year 1.91%7/1/24-26 3.02% 1.16-1.27% 7/1/24-34 7/1/24-30 2.43%7/1/24-27 64 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 8 – REVENUE BONDS PAYABLE (Continued) Annual debt service requirements to maturity on revenue and refunding bonds for governmental activities at year end are summarized as follows: $2,030,000 $1,201,676 $702,974 $85,704 2,085,000 1,140,563 717,942 69,565 2,140,000 1,074,363 426,712 55,995 2,195,000 1,003,105 297,000 46,738 1,870,000 936,511 305,250 38,939 10,305,000 3,702,200 1,294,250 78,053 12,085,000 1,897,741 - - 4,335,000 264,500 - - $37,045,000 $11,220,659 $3,744,128 $374,994 Year ending June 30: 2025 2026 2027 2028 2029 2030-2034 2035-2039 Total 2040-2042 Interest Governmental Activities Principal InterestPrincipal Private Placement Revenue BondsRevenue Bonds Annual debt service requirements to maturity on revenue and refunding bonds for business-type activities at year end are summarized as follows: $2,836,026 $248,084 2,899,058 186,002 2,812,282 125,317 1,210,000 102,847 926,750 79,694 2,500,754 149,721 $13,184,870 $891,665 Business-type Activities Total Revenue Bonds Principal Interest 2030-2034 Year ending June 30: 2025 2027 2028 2029 2026 Private Placement 65 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 8 – REVENUE BONDS PAYABLE (Continued) Pledged revenues – governmental activities. The Town has pledged future sales (excise) tax revenues to repay outstanding revenue bonds and refunding revenue bonds of $44.5 million as of June 30, 2024. Proceeds from the original bond issuances, including those subsequently refunded, provided financing for land acquisition and facility construction. The bonds are paid solely from the Town’s sales taxes and are payable through 2042. Total annual principal and interest payments for all sales tax revenue bonds are expected to require less than seven percent of gross revenues. The total principal and interest to be paid on the bonds is $52.4 million. The current total sales tax revenues were $30.5 million, and the total principal and interest paid on the bonds was $4.0 million or approximately 13.2 percent of gross revenues. Pledged revenues – business-type activities. The Town has pledged future water revenues to repay outstanding revenue bonds and refunding revenue bonds of $13.2 million as of June 30, 2024. Proceeds from the original bond issuances, including those subsequently refunded, provided financing for the construction and improvements to the Town’s water systems and infrastructure. The bonds are paid solely from water utility revenues and are payable through 2034. Total annual principal and interest payments for all water revenue bond issuances are expected to require approximately 13 percent of gross revenues. The total principal and interest to be paid on the bonds is $14.1 million. The current total customer gross revenues were $21.9 million, and the total principal and interest paid on the bonds was $3.4 million or 15 percent of gross revenues. NOTE 9 – OBLIGATIONS UNDER LEASES Leases – Lease agreements are summarized as follows: Description Copiers 09/30/2022 60 months 6,400 3.5%349,652 228,978 Golf carts 03/01/2022 36-54 months 13,259 2.5%637,971 345,709 Fitness equipment 01/15/2022 48 months 1,278 2.5%58,319 22,555 Total lease agreements $1,045,942 $597,242 June 30, 2024 BalancePayment TermsDate Liability Lease Beginning Interest Rate Payment Amount Annual requirements to amortize long-term obligations and related interest are as follows: Year Ending June 30 2025 $227,098 $14,731 2026 206,903 8,432 2027 150,501 2,638 2028 12,740 60 Total $597,242 $25,861 InterestPrincipal 66 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 10 – SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS The Town has obtained the right to use software under the provisions of various subscription-based information technology arrangements. The total amount of subscription assets are summarized as follows: Description Sensus/Flexnet 07/01/2022 72 months $3,921 3.75%$245,267 $170,550 Sprypoint 07/01/2022 48 months 7,750 3.75%337,173 175,547 Watersmart 8/1/2023 60 months 2,975 3.75%160,213 130,632 Axon 08/01/2023 60 months 27,375 3.75%1,474,305 1,202,097 Total SBITA agreements $2,216,958 $1,678,826 June 30, 2024 Beginning Payment Payment Interest SBITA Balance Date Terms Amount Rate Liability The following schedule details minimum subscription payments to maturity for the Town’s subscriptions liability at June 30, 2024: Year Ending June 30 2025 435,581 68,662 2026 454,500 49,743 2027 380,400 30,843 2028 408,345 2,898 Total $1,678,826 $152,146 Principal Interest NOTE 11 – FINANCED PURCHASE AGREEMENT The Town acquired Community Center fitness equipment under contract at a total purchase price of $81,722. The following schedule details debt service requirements to maturity for the Town’s financed purchases at June 30, 2024. Year ending June 30: $20,574 $2,104 21,671 1,006 7,478 81 $49,723 $3,191 Governmental Activities 2025 2026 Principal Interest 2027 Total 67 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 12 – CHANGES IN LONG-TERM LIABILITIES Long-term liability activity for the current fiscal year was as follows: Due Within One Year Governmental activities Revenue bonds $39,025,000 $- $(1,980,000) $37,045,000 $2,030,000 Private placement revenue bonds 4,432,370 - (688,242) 3,744,128 702,974 Premium 3,904,706 - (205,511) 3,699,195 - Total bonds payable 47,362,076 - (2,873,753) 44,488,323 2,732,974 Leases payable 827,109 - (229,867) 597,242 227,098 Financed purchases 69,254 (19,531) 49,723 20,574 Subscriptions liability 466,860 1,634,518 (422,552) 1,678,826 435,581 Net pension liability 18,344,379 3,065,024 - 21,409,403 - Compensated absences payable 2,440,842 2,428,352 (2,224,494) 2,644,700 2,326,423 Governmental activities long-term liabilities $69,510,520 $7,127,894 $(5,770,197) $70,868,217 $5,742,650 Business-type activities Private placement revenue bonds $16,231,628 $- $(3,046,758) $13,184,870 $2,836,026 Total bonds payable 16,231,628 - (3,046,758) 13,184,870 2,836,026 Loan payable 2,087,126 - (325,496) 1,761,630 334,128 Net pension liability 4,168,490 - (74,172) 4,094,318 - Compensated absences payable 362,127 271,326 (283,507) 349,946 277,417 Business-type activities long-term liabilities $22,849,371 $271,326 $(3,729,933) $19,390,764 $3,447,571 Outstanding July 1, 2023 Outstanding June 30, 2024 Matured/ Redeemed During YearIssued July 1,Redeemed June 30, 2023 Outstanding Issued Matured/ During Year Outstanding 2024 Due Within One Year 68 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 13 – TRANSFERS At year end, transfer activity in the funds was as follows: Interfund transfers: General Fund $- $12,274,644 Community Center Fund - 1,717,203 General Government CIP 10,000,000 1,500,000 Grants and Contributions 138,000 522,701 Municipal Debt Service Fund 3,902,708 - Non-Major Governmental Funds 1,500,000 46,553 Water Fund 522,701 2,308 $16,063,409 $16,063,409 Transfers In Transfers Out Transfers were made from the General, Community Center, Water and General Impact Fee Funds to the Municipal Debt Service Fund for debt service. In addition, transfers were made from the General Fund to the General Government CIP Fund, from the Grants and Contributions Fund to the Water Fund, and from the General Government CIP Fund to the Highway Fund to support capital projects. A transfer was made from the General Fund to the Grants and Contributions fund for grant matching requirements. NOTE 14 – CONTINGENT LIABILITIES Compliance – Amounts received or receivable from grantor agencies are subject to audit and adjustment by grantor agencies, principally the federal government. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures/expenses that may be disallowed by the grantor cannot be determined at this time, although the Town expects such amounts, if any, to be immaterial. 69 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 15 – RISK MANAGEMENT The Town is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The Town’s insurance protection is provided by the Arizona Municipal Risk Retention Pool, of which the Town is a participating member. The limit for basic coverage is $2,000,000 per occurrence on a claims made basis. Excess coverage is for an additional $10,000,000 per occurrence on a follow form, claims made basis. The aggregate limit is also $10,000,000. No significant reduction in insurance coverage occurred during the year and no settlements exceeded insurance coverage during any of the past three fiscal years. The Arizona Municipal Risk Retention Pool is structured such that member premiums are based on an actuarial review that will provide adequate reserves to allow the Pool to meet its expected financial obligations. The Pool has the authority to assess its members’ additional premiums should reserves and annual premiums be insufficient to meet the Pool’s obligations. The Town is insured by Arizona Municipal Workers Compensation Pool for potential worker related accidents. The Town has established a Self-Insurance Fund to account for and finance its uninsured risks of loss related to its employee health benefits program. The activity is reported in an internal service fund in these financial statements. Under this program, the Fund provides coverage for up to a maximum of $150,000 for each claim, not to exceed an annual aggregate of $2,000,000. The Fund purchases commercial insurance for claims in excess of this coverage. Settled claims have not exceeded this coverage for the past three fiscal years. Liabilities of the fund are reported when it is probable that a loss has occurred, and the amount of the loss can be reasonably estimated. Liabilities include an amount for claims that have been incurred but not reported (IBNRs). The result of the process to estimate the claims liability is not an exact amount as it depends on many complex factors, such as inflation, changes in legal doctrines, and damage awards. Accordingly, claims are reevaluated periodically to consider the effects of inflation, recent claim settlement trends (including frequency and amount of pay- outs), and other economic and social factors. The estimate of the claims liability also includes amounts for incremental claim adjustment expenses related to specific claims and other claim adjustment expenses regardless of whether allocated to specific claims. Estimated recoveries, for example from salvage or subrogation, are another component of the claims liability estimate. Changes in the balances of claims liabilities during the past two years are as follows. 2023-24 $361,329 $2,786,657 $2,825,034 $322,952 2022-23 302,655 $3,608,672 $3,549,998 $361,329 Claim Payments Claims Payable at End of Year Claims Payable Beginning of Year Current Year Claims and Changes in Estimates 70 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS The Town contributes to the plans described below. The plans are component units of the State of Arizona. Aggregate Amounts. On June 30, 2024, the Town reported the following aggregate amounts related to pensions for all plans to which it contributes. Net pension liability $21,409,403 $4,094,318 $25,503,721 Pension deferred outflows of resources 14,573,869 477,782 15,051,651 Pension deferred inflows of resources 984,964 142,315 1,127,279 Pension expense 5,421,327 471,486 5,892,813 Total Business-type Activities Governmental Activities The Town reported $5.1 million of pension contributions as expenditures in the governmental funds related to all plans to which it contributes. A. Arizona State Retirement System Plan Description. Town employees not covered by the other pension plans described below participate in the Arizona State Retirement System (ASRS). The ASRS administers a cost- sharing multiple-employer defined benefit pension plan, a cost-sharing multiple-employer defined benefit health insurance premium benefit (OPEB) plan, and a cost-sharing multiple- employer defined benefit long-term disability (OPEB) plan. The Arizona State Retirement System Board governs the ASRS according to the provisions of A.R.S. Title 38, Chapter 5, Articles 2 and 2.1. The ASRS issues a publicly available financial report that includes its financial statements and required supplementary information. The report is available on the ASRS website at www.azasrs.gov. GASB Statement 75 has not been recorded or further disclosed due to its relative insignificance to the Town’s financial statements. 71 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Benefits Provided. The ASRS provides retirement, health insurance premium supplement, long-term disability, and survivor benefits. State statute establishes benefit terms. Retirement benefits are calculated on the basis of age, average monthly compensation, and service credit as follows: Retirement Initial Membership Date: Before July 1, 2011 On or After July 1, 2011 Years of service and age required to receive benefit Sum of years and age equals 80 10 years, age 62 5 years, age 50* Any years, age 65 30 years, age 55 25 years, age 60 10 years, age 62 5 years, age 50* Any years, age 65 Final average salary is based on Highest 36 consecutive months of last 120 months Highest 60 consecutive months of last 120 months Benefit percent per year of service 2.1% to 2.3% 2.1% to 2.3% *With actuarially reduced benefits Retirement benefits for members who joined the ASRS prior to September 13, 2013, are subject to automatic cost-of-living adjustments based on excess investment earnings. Members with a membership date on or after September 13, 2013, are not eligible for cost-of-living adjustments. Survivor benefits are payable upon a member’s death. For retired members, the retirement benefit option chosen determines the survivor benefit. For all other members, the beneficiary is entitled to the member’s account balance that includes the member’s contributions and employer’s contributions, plus interest earned. Health insurance premium benefits are available to retired or disabled members with 5 years of credited service. The benefits are payable only with respect to allowable health insurance premiums for which the member is responsible. For members with 10 or more years of service, benefits range from $100 per month to $260 per month depending on the age of the member and dependents. For members with five to nine years of service, the benefits are the same dollar amounts as above multiplied by a vesting fraction based on completed years of service. 72 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Active members are eligible for a long-term disability benefit in the event they become unable to perform their work. The monthly benefit is equal to two-thirds of their monthly earnings. Members receiving benefits continue to earn service credit up to their normal retirement dates. Members with long-term disability commencement dates after June 30, 1999, are limited to 30 years of service or the service on record as of the effective disability date if their service is greater than 30 years. Contributions. In accordance with State statutes, annual actuarial valuations determine active member and employer contribution requirements. The combined active member and employer contribution rates are expected to finance the costs of benefits employees earn during the year, with an additional amount to finance any unfunded accrued liability. For the fiscal year ended June 30, 2024, statute required active ASRS members to contribute at the actuarially determined rate of 12.29 percent (12.14 percent for retirement and 0.15 percent for long-term disability) of the members’ annual covered payroll, and statute required the Town to contribute at the actuarially determined rate of 12.29 percent (12.03 percent for retirement, 0.11 percent for health insurance premium benefit, and 0.15 percent for long-term disability) of the active members’ annual covered payroll. The Town’s contributions for the year ended June 30, 2024, were as follows: Pension $2,024,014 Contributions Employers are also required to pay an Alternate Contribution Rate (ACR), for retired members who return to work in positions that would typically be filled by an employee who contributes to ASRS. The Town was required by statute to contribute at the actuarially determined rate of 9.99 percent (9.94 for retirement and 0.05 percent for long-term disability) of annual covered payroll. ACR contributions are included in employer contributions presented above. The Town’s pension contributions are paid by the same funds as the employee’s salary, with the largest component coming from the General Fund. Contributions from the Water Enterprise Fund were 15%, and contributions from the non-major enterprise fund were 4%. 73 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Pension Liability. The net pension liability was measured as of June 30, 2023. The total liability used to calculate the net liability was determined using update procedures to roll forward the total liability from an actuarial valuation as of June 30, 2022, to the measurement date of June 30, 2023. The Town’s proportion of the net asset/liability was based on the Town’s actual contributions to the plan relative to the total of all participating employers’ contributions for the year ended June 30, 2023. The Town’s proportions measured as of June 30, 2023, and the change from its proportions measured as of June 30, 2022, were: Pension $19,655,601 0.121 (0.001) Town % Proportion Increase (Decrease) Net (Asset)/ Liability Pension Expense and Deferred Outflows/Inflows of Resources. The Town has deferred outflows and inflows of resources related to the net pension liability. Certain changes in the net pension liability are recognized as pension expense over a period of time rather than the year of occurrence. For the year ended June 30, 2024, the Town recognized pension expense as follows: Pension $2,491,016 Expense 74 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) The Town reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Differences between expected and actual experience $444,138 $- Changes of assumptions or other inputs - - Net difference between projected and actual earnings on pension investments - 695,432 Changes in proportion and differences between contributions and proportionate share of contributions 56,129 56,469 Contributions subsequent to the measurement date 2,024,014 - Total $2,524,281 $751,901 Deferred Inflows of Resourcesof Resources Deferred Outflows The amounts of deferred outflows of resources resulting from contributions subsequent to the measurement date as reported in the table above will be recognized as an adjustment of the net pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: $(75,442) (839,244) 749,470 (86,418) - - 2028 2025 2026 2027 Thereafter Pension 2029 75 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Actuarial Assumptions. The significant actuarial assumptions used to measure the total pension liability are as follows: Pension Actuarial valuation date June 30, 2022 Actuarial roll forward date June 30, 2023 Actuarial cost method Entry age normal Investment rate of return 7.0% Projected salary increases 2.9-8.4% Inflation 2.3% Permanent base increases Included Mortality rates 2017 SRA Scale U-MP Recovery rates 2012 GLTD for long-term disability Healthcare cost trend rate Not applicable Actuarial assumptions used in the June 30, 2022 valuation were based on the results of an actuarial experience study for the five-year period ended June 30, 2020. The long-term expected rate of return on ASRS plan investments was determined to be 7.0 percent using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage. The target allocation and best estimates of geometric real rates of return for each major asset class of ASRS are summarized in the following table: Asset Class Public Equity 44%3.50% Fixed income - credit 23%5.90% Real Estate 17%5.90% Private Equity 10%6.70% Interest rate sensitivity bonds 6%1.50% Total 100% Long-term Expected Real Allocation Rate of Return Target 76 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Discount Rate. At June 30, 2023, the discount rate used to measure the ASRS total pension liability was 7.0 percent. The projection of cash flows used to determine the discount rate assumed that contributions from participating employers will be made based on the actuarially determined rates based on the ASRS Board’s funding policy, which establishes the contractually required rate under Arizona statute. Based on those assumptions, the plans’ fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on investments was applied to all periods of projected benefit payments to determine the total pension liability. Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate. The following table presents the Town’s proportionate share of the net pension liability calculated using the discount rate of 7.0 percent, as well as what the proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1- percentage-point lower (6.0 percent) or 1-percentage-point higher (8.0 percent) than the current rate: Rate Pension $29,441,204 $19,655,601 $11,496,140 6.0%7.0%8.0% Proportionate share of the net liability Discount Rate Current 1% Decrease 1% Increase Pension Plan Fiduciary Net Position. Detailed information about the pension plan’s fiduciary net position is available in the separately issued ASRS financial report. The report is available on the ASRS website at www.azasrs.gov. 77 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) B. Public Safety Personnel Retirement System and Corrections Officer Retirement Plan Plan Descriptions. Town public safety employees who are regularly assigned hazardous duty participate in the Public Safety Personnel Retirement System (PSPRS) or employees who became members on or after July 1, 2017, may participate in the Public Safety Personnel Defined Contribution Retirement Plan (PSDCRP). The PSPRS administers an agent and cost- sharing multiple-employer defined benefit pension plan and an agent and cost-sharing multiple-employer defined benefit health insurance premium benefit (OPEB) plan. A nine- member board known as the Board of Trustees and the participating local boards govern the PSPRS according to the provisions of A.R.S. Title 38, Chapter 5, Article 4. Employees who were PSPRS members before July 1, 2017, participate in the agent plans, and employees who became PSPRS members on or after July 1, 2017, participate in either the agent plans or cost- sharing plans (PSPRS Tier 3 Risk Pool). Town dispatchers participate in the Corrections Officer Retirement Plan (CORP) or the Public Safety Personnel Defined Contribution Retirement Plan. The CORP administers an agent multiple-employer defined benefit pension plan and an agent multiple-employer defined benefit health insurance premium benefit (OPEB) plan for dispatchers (agent plans), which were closed to new members as of July 1, 2018. Employees who were CORP members before July 1, 2018, participate in CORP or PSDCRP. Dispatcher employees who became members on or after July 1, 2018, participate in PSDCRP. The PSPRS Board of Trustees described above and the participating local boards govern CORP according to the provisions of A.R.S. Title 38, Chapter 5, Article 6. The PSPRS and CORP issue a publicly available financial report that includes their financial statements and required supplementary information. The report is available on the PSPRS website at www.psprs.com. The PSPRS Tier 3 Risk Pool plans and the PSPRS OPEB plans are not further disclosed because of their relative insignificance to the Town’s financial statements. Benefits Provided. The PSPRS and CORP provide retirement, health insurance premium supplement, disability, and survivor benefits. State statute establishes benefits terms. Retirement, disability, and survivor benefits are calculated on the basis of age, average monthly compensation, and service credit as follows. See the publicly available PSPRS and CORP financial report for additional benefits information. 78 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Retirement and disability Years of service and age required to receive benefit Final average salary is based on Benefit percent Normal retirement Accidental disability retirement Catastrophic disability retirement Ordinary disability retirement Survivor benefit Retired members Active members 20 years, not to exceed 80% 50% or normal retirement, whichever is greater 90% for the first 60 months then reduced to either 10 years, age 6210 years, age 62 years OR plus 2-2.5% for each year of credited service over monthly compensation if death was the result of injuries received on the job whichever is greater, multiplied by years of credited service (not to exceed 20 years) divided by 20, 62.5% or normal retirement, whichever is greater or 2.5% per year of credited service Normal retirement calculated with actual years of credited service or 20 years of credited service, On or after July 1, 2017 15 years of credited service, age 52.5* Highest 60 consecutive months of last 15 years 1.5-2.5% per year of credited service, not to exceed 80% 15 or more years of service, age 55 months of last 20 years On or after January 1, 2012 and before July 1, 2017 25 years of service or 15 years of credited service, age 52.5 Highest 60 consecutive 20-25 years of service, any age Highest 36 consecutive months of last 20 years 50% less 2% for each year of credited service less than 20 80%-100% of accidental disability retirement benefit or 100% of average 80%-100% of retired member's pension benefit Before January 1, 2012 15 years of service, age 62 Retirement and survivor benefits are subject to automatic cost-of-living adjustments based on inflation. PSPRS also provides temporary disability benefits of 50 percent of the member's compensation for up to 12 months. Health insurance premium benefits are available to retired or disabled members with 5 years of credited service. The benefits are payable only with respect to allowable health insurance premiums for which the member is responsible. Benefits range from $100 per month to $260 per month depending on the age of the member and dependents. 79 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Employees Covered by Benefit Terms. As of June 30, 2024, the following employees were covered by the agent plan’s benefit terms: Retirees & beneficiaries 57 6 Inactive, non-retired members 22 3 Active members 59 2 Total 138 11 Police CORP-Dispatchers Contributions. State statutes establish the pension contribution requirements for active PSPRS and CORP employees. In accordance with state statutes, annual actuarial valuations determine employer contribution requirements for PSPRS and CORP pension and health insurance premium benefits. The combined active member and employer contribution rates are expected to finance the costs of benefits employees earn during the year, with an additional amount to finance any unfunded accrued liability. Contributions rates for the year ended June 30, 2024, are indicated below. Rates are a percentage of active members’ annual covered payroll. CORP - PSPRS - Police Dispatchers Active members – pension 7.65% 7.96% Town: Pension 11.00% 128.44% Health insurance 0.00% 0.00% Employers are also required to pay an Alternate Contribution Rate (ACR), for retired members who return to work in positions that would typically be filled by an employee who contributes to PSPRS or CORP. The Town was required by statute to contribute at the actuarially determined rate of 8 percent for the PSPRS and 126.19 percent for the CORP. ACR contributions are included in employer contributions presented above. 80 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) The contributions to the pension plans for the year ended June 30, 2024, were: Pension $3,341,458 $163,919 Contributions PSPRS-Police CORP-Dispatchers The Town’s pension contributions are paid by the same funds as the employee’s salary, with the largest component coming from the General Fund. Pension Liability. As of June 30, 2024, the Town reported the following liabilities. Pension $5,789,107 $59,013 PSPRS-Police CORP-Dispatchers Net Liability The net pension liability was measured as of June 30, 2023, and the total liability used to calculate the net liability was determined by an actuarial valuation as of that date. Actuarial Assumptions. The significant actuarial assumptions used to measure the total pension liability for both the PSPRS and CORP are as follows: Pension Actuarial valuation date June 30, 2023 Actuarial cost method Entry age normal Investment rate of return 7.2% Projected salary increases 3.0 – 6.25% Inflation 2.5% Cost-of-living adjustment 1.85% Mortality rates PubS-2010 tables Healthcare cost trend rate Not applicable Actuarial assumptions used in the June 30, 2023 valuation were based on the results of an actuarial experience study for the 5-year period ended June 30, 2021. 81 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) The long-term expected rate of return on PSPRS and CORP plan investments was determined to be 7.2 percent using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of plan investment expenses and inflation) are developed for each major asset class. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table: Cash - Mellon 2%0.69% Diversifying strategies 5%3.68% Core bonds 6%1.90% Other assets (Capital Appreciation)7%4.49% International public equity 16%4.49% Global private equity 20%7.28% Private credit 20%6.19% U.S. public equity 24%3.98% Total 100% Asset Class Expected Real Long-term Target Allocation Rate of Return 82 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Changes in Net Liability PSPRS - Police Balances at June 30, 2023 $76,438,334 $75,900,900 $537,434 Changes for the year: Service cost 1,181,744 - 1,181,744 Interest on the total liability 5,450,177 - 5,450,177 Differences between expected and actual experience in the measurement of the total liability 6,412,956 - 6,412,956 Changes of assumptions or other inputs - - - Contributions - employer - 1,446,816 (1,446,816) Contributions - employee - 605,765 (605,765) Net investment income - 5,770,191 (5,770,191) Benefit payments, including refunds of employee contributions (3,846,347) (3,846,347) - Administrative expense - (28,833) 28,833 Other - (735) 735 Net changes 9,198,530 3,946,857 5,251,673 Balances at June 30, 2024 $85,636,864 $79,847,757 $5,789,107 CORP - Dispatchers Balances at June 30, 2023 $3,721,151 $1,662,090 $2,059,061 Changes for the year: Service cost 16,408 - 16,408 Interest on the total liability 261,914 - 261,914 Differences between expected and actual experience in the measurement of the total liability 110,346 - 110,346 Changes of assumptions or other inputs - - - Contributions - employer - 2,218,919 (2,218,919) Contributions - employee - 14,017 (14,017) Net investment income - 160,124 (160,124) Benefit payments, including refunds of employee contributions (199,743) (199,743) - Administrative expense - (2,293) 2,293 Tiers 1 & 2 Adjustment (2,051) 2,051 Other - - - Net changes 188,925 2,188,973 (2,000,048) Balances at June 30, 2024 $3,910,076 $3,851,063 $59,013 Liability Net Position Liability Pension Increase/(Decrease) Total Pension Plan Fiduciary Net Pension Plan Fiduciary Net Position Net Pension Liability Pension Increase/(Decrease) Total Pension Liability 83 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Discount Rate. At June 30, 2023, the discount rate used to measure the total pension liability was 7.2 percent. The projection of cash flows used to determine the PSPRS and CORP discount rates assumed that plan member contributions will be made at the current contribution rate and that employer contributions will be made at rates equal to the difference between the actuarially determined contribution rate and the member rate. Based on those assumptions, the plans’ fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments for these plans to determine the total pension liability. Sensitivity of the Net Pension Liability to Changes in the Discount Rate. The following table presents the Town’s net pension liability calculated using the discount rates noted above, as well as what the net liability would be if it were calculated using a discount rate that is 1- percentage-point lower or 1-percentage-point higher than the current rate: PSPRS-Police: Net Pension Liability $18,319,352 $5,789,107 $(4,321,048) CORP-Dispatchers: Net Pension Liability $559,289 $59,013 $(352,233) 6.2%7.2%8.2% 1% Decrease 1% IncreaseDiscount Rate Current Plan Fiduciary Net Position. Detailed information about the plans’ fiduciary net position is available in the separately issued PSPRS and CORP financial report. The report is available on the PSPRS website at www.psprs.com. 84 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) Expense. For the year ended June 30, 2024, the Town recognized the following as pension expense: Pension Expense $3,215,892 $185,905 PSPRS-Police CORP-Dispatchers Deferred Outflows/Inflows of Resources. At June 30, 2024, the Town reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: PSPRS-Police: Differences between expected and actual experience $6,387,521 $375,378 Changes of assumptions or other inputs 896,791 - Net difference between projected and actual earnings on plan investments 1,641,118 - Contributions subsequent to the measurement date 3,341,458 - Total $12,266,888 $375,378 CORP-Dispatchers: Differences between expected and actual experience $55,173 $- Changes of assumptions or other inputs - - Net difference between projected and actual earnings on plan investments 41,391 - Contributions subsequent to the measurement date 163,919 - Total $260,483 $- Inflows of Deferred Outflows of Deferred Resources Resources 85 TOWN OF ORO VALLEY, ARIZONA NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2024 NOTE 16 – PENSIONS (Continued) The amounts of deferred outflows of resources resulting from contributions subsequent to the measurement date as reported in the table above will be recognized as an adjustment of the net pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: 2025 $2,337,528 $56,127 2026 1,877,287 (11,516) 2027 3,126,834 45,421 2028 1,208,403 6,532 2029 - - Thereafter - - Pension CORP-DispatchersPSPRS-Police Year Ending June 30:Pension 86 (This page intentionally left blank) 87 REQUIRED SUPPLEMENTARY INFORMATION 88 TOWN OF ORO VALLEY, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – GENERAL FUND FOR THE YEAR ENDED JUNE 30, 2024 Variance Budgeted Amounts with Final Original Final Actual Budget REVENUES Sales taxes $25,633,318 $25,633,318 $26,715,684 $1,082,366 Franchise taxes 765,000 765,000 715,334 (49,666) Intergovernmental 25,480,137 25,480,137 25,260,912 (219,225) Licenses, fees and permits 1,717,118 1,717,118 2,122,503 405,385 Fines, forfeitures and penalties 125,000 125,000 61,640 (63,360) Charges for services 3,204,246 3,204,246 2,984,059 (220,187) Donations - - 5,122 5,122 Investment income: Interest 300,000 300,000 747,818 447,818 Net increase in fair value of investments - - (108,967) (108,967) Other 253,000 253,000 573,211 320,211 Total Revenues 57,477,819 57,477,819 59,077,316 1,599,497 EXPENDITURES General government: Non departmental 2,475,536 2,475,536 2,351,155 124,381 Town council 209,203 209,203 184,698 24,505 Town clerk 419,897 419,897 403,496 16,401 Town manager 1,638,716 1,760,479 1,596,585 163,894 Human resources 590,520 673,755 632,584 41,171 Finance 850,456 850,456 825,859 24,597 Information Technology 6,271,309 6,004,600 5,117,021 887,579 Legal services 1,132,503 1,132,503 1,071,067 61,436 Community and economic development 3,882,445 3,882,445 3,548,853 333,592 Town court 1,010,662 1,010,662 985,129 25,533 Public works 4,800,968 4,877,679 4,792,496 85,183 Public safety: Police 20,346,591 20,363,283 20,170,049 193,234 Transit: Transit 1,700,968 1,700,968 1,697,772 3,196 Culture and recreation: Parks and recreation 4,463,340 4,545,761 4,397,777 147,984 Debt service Principal - - 489,400 (489,400) Interest - - 91,643 (91,643) Total debt service - - 581,043 (581,043) Capital outlay 606,500 620,487 1,814,920 (1,194,433) Contingency 5,000,000 4,405,195 - 4,405,195 Total Expenditures 55,399,614 54,932,909 50,170,504 4,762,405 REVENUES OVER/(UNDER) EXPENDITURES 2,078,205 2,544,910 8,906,812 6,361,902 OTHER FINANCING SOURCES/(USES) Sale of assets 10,000 10,000 219 (9,781) Insurance recoveries - - 16,106 16,106 Subscription-based information technology arrangements - - 1,634,518 1,634,518 Transfers out (12,274,644) (12,274,644) (12,274,644) - Total Other Financing Sources/(Uses)(12,264,644) (12,264,644) (10,623,801) 1,640,843 NET CHANGE IN FUND BALANCE (10,186,439) (9,719,734) (1,716,989) 8,002,745 FUND BALANCE, Beginning of year 23,798,492 23,798,492 23,798,492 - FUND BALANCE, End of year $13,612,053 $14,078,758 $22,081,503 $8,002,745 See notes to required supplementary information TOWN OF ORO VALLEY, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – COMMUNITY CENTER FUND FOR THE YEAR ENDED JUNE 30, 2024 89 Variance Budgeted Amounts with Final Original Final Actual Budget REVENUES Sales taxes $3,726,016 $3,726,016 $3,806,551 $80,535 Charges for services 5,785,386 5,785,386 7,488,363 1,702,977 Investment income:. Interest 35,000 35,000 33,052 (1,948) Net decrease in fair value of investments - - (3,904) (3,904) Other 162,050 162,050 162,550 500 Total Revenues 9,708,452 9,708,452 11,486,612 1,778,160 EXPENDITURES Current: Culture and recreation 6,619,982 6,619,982 7,107,757 (487,775) Capital outlay 1,820,500 2,197,500 1,659,167 538,333 Debt service: Principal retirement - - 182,550 (182,550) Interest and fiscal charges - - 14,569 (14,569) Contingency 500,000 100,000 - 100,000 Total Expenditures 8,940,482 8,917,482 8,964,043 (46,561) REVENUES OVER/(UNDER) EXPENDITURES 767,970 790,970 2,522,569 1,731,599 OTHER FINANCING SOURCES/(USES) Sale of assets - - 1,518 1,518 Transfers out (1,717,203) (1,717,203) (1,717,203) - Total other financing sources/(uses)(1,717,203) (1,717,203) (1,715,685) 1,518 NET CHANGE IN FUND BALANCE (949,233) (926,233) 806,884 1,733,117 FUND BALANCE, Beginning of year 1,008,233 1,008,233 1,008,233 - FUND BALANCE, End of year $59,000 $82,000 $1,815,117 $1,733,117 See notes to required supplementary information TOWN OF ORO VALLEY, ARIZONA SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – GRANTS AND CONTRIBUTIONS FUND FOR THE YEAR ENDED JUNE 30, 2024 90 Variance Budgeted Amounts with Final Original Final Actual Budget REVENUES Intergovernmental $2,827,700 $2,827,700 $2,135,677 $(692,023) Investment income:. Interest 25,000 25,000 24,514 (486) Net decrease in fair value of investments - - (1,172) (1,172) Other 560,000 560,000 33,631 (526,369) Total Revenues 3,412,700 3,412,700 2,192,650 (1,220,050) EXPENDITURES Current: General Government 650,000 650,000 - 650,000 Public Safety 354,400 354,400 75,431 278,969 Transit - - - Culture and Recreation 40,000 40,000 113 39,887 Capital outlay 3,224,752 3,224,752 2,080,167 1,144,585 Contingency 500,000 500,000 - 500,000 Total Expenditures 4,769,152 4,769,152 2,155,711 2,613,441 REVENUES OVER/(UNDER) EXPENDITURES (1,356,452) (1,356,452) 36,939 1,393,391 OTHER FINANCING SOURCES/(USES) Transfers in 138,000 138,000 138,000 - Transfers out - - (522,701) (522,701) Total other financing sources/(uses)138,000 138,000 (384,701) (522,701) NET CHANGE IN FUND BALANCE (1,218,452) (1,218,452) (347,762) 870,690 FUND BALANCE, Beginning of year 162,207 162,207 162,207 - FUND BALANCE, End of year $(1,056,245) $(1,056,245) $(185,555) $870,690 See notes to required supplementary information TOWN OF ORO VALLEY, ARIZONA SCHEDULE OF THE PROPORTIONATE SHARE OF THE NET PENSION LIABILITY ARIZONA STATE RETIREMENT SYSTEM LAST TEN FISCAL YEARS 91 2024 2023 2022 2021 2020 Measurement date June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 Town's proportion of the net pension (assets) liability 0.12%0.12%0.12%0.12%0.13% Town's proportionate share of the net pension (assets) liability 19,655,601$ 19,916,374$ 15,876,526$ 21,464,093$ 18,808,834$ Town's covered payroll 15,901,116$ 14,545,595$ 13,511,313$ 13,793,013$ 13,630,224$ Town's proportionate share of the net pension (assets) liability as a percentage of its covered payroll 123.61%136.92%117.51%155.62%137.99% Plan fiduciary net position as a percentage of the total pension liability 75.47%74.26%78.58%69.33%73.24% 2019 2018 2017 2016 2015 Measurement date June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 June 30, 2014 Town's proportion of the net pension (assets) liability 0.13%0.12%0.12%0.12%0.11% Town's proportionate share of the net pension (assets) liability 18,237,813$ 19,453,870$ 20,050,356$ 18,575,537$ 16,642,712$ Town's covered payroll 13,018,275$ 12,193,145$ 11,857,622$ 11,826,486$ 11,086,887$ Town's proportionate share of the net pension (assets) liability as a percentage of its covered payroll 140.09%159.55%169.09%157.07%150.11% Plan fiduciary net position as a percentage of the total pension liability 73.40%69.92%67.06%68.35%69.49% See notes to required supplementary information TOWN OF ORO VALLEY, ARIZONA SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM – POLICE LAST TEN FISCAL YEARS 92 2024 2023 2022 2021 Measurement date June 30,2023 June 30, 2022 June 30, 2021 June 30, 2020 Total pension liability Service cost $ 1,181,744 $ 1,373,511 $ 1,359,359 $ 1,418,920 Interest 5,450,177 5,155,618 4,928,984 4,573,136 Changes of benefit terms - - - - 6,412,956 1,479,536 (577,199) 1,073,763 Changes of assumptions or other inputs - 719,444 - - (3,846,347) (3,082,329) (2,159,116) (2,104,146) Net change in total pension liability 9,198,530 5,645,780 3,552,028 4,961,673 Total pension liability—beginning 76,438,334 70,792,554 67,240,526 62,278,853 Total pension liability—ending $ 85,636,864 $ 76,438,334 $ 70,792,554 $ 67,240,526 Plan fiduciary net position Contributions—employer $ 1,446,816 $ 30,446,078 $ 3,343,850 $ 3,072,830 Contributions—employee 605,765 553,740 554,204 563,652 Net investment income 5,770,191 (3,122,413) 10,961,057 479,186 (3,846,347) (3,082,329) (2,159,116) (2,104,146) Administrative expense (28,833) (56,065) (51,282) (39,077) Other (735)- 5,595 (52,206) Net change in plan fiduciary net position 3,946,857 24,739,011 12,654,308 1,920,239 Plan fiduciary net position—beginning 75,900,900 51,161,889 38,507,581 36,587,342 Plan fiduciary net position—ending $ 79,847,757 $ 75,900,900 $ 51,161,889 $ 38,507,581 Net pension (assets) liability—ending $ 5,789,107 $ 537,434 $ 19,630,665 $ 28,732,945 93.24%99.30%72.27%57.27% Covered payroll $ 6,622,521 $ 7,265,499 $ 6,181,716 $ 6,672,512 87.42%7.40%317.56%430.62% Differences between expected and actual experience Benefit payments, including refunds of employee contributions Benefit payments, including refunds of employee contributions Plan fiduciary net position as a percentage of the total pension liability Net pension (assets) liability as a percentage of covered payroll See notes to required supplementary information 93 2020 2019 2018 2017 2016 2015 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 June 30, 2014 $ 1,552,240 $ 1,515,028 $ 1,638,736 $ 1,363,768 $ 1,224,807 $ 1,157,832 4,264,774 3,922,057 3,615,210 3,185,633 2,842,514 2,408,825 - - 435,327 3,164,555 - 444,387 (303,721) 136,020 247,905 (548,533) 1,312,293 (356,776) 1,627,934 - 747,786 1,902,904 - 3,014,125 (1,884,430) (1,588,615) (2,061,668) (1,106,968) (1,049,346) (1,304,993) 5,256,797 3,984,490 4,623,296 7,961,359 4,330,268 5,363,400 57,022,056 53,037,566 48,414,270 40,452,911 36,122,643 30,759,243 $ 62,278,853 $ 57,022,056 $ 53,037,566 $ 48,414,270 $ 40,452,911 $ 36,122,643 $ 2,624,761 $ 1,278,293 $ 1,811,735 $ 1,505,274 $ 1,669,125 $ 1,211,218 575,136 622,233 905,024 840,020 794,478 698,036 1,843,370 2,159,685 3,228,386 154,181 874,562 2,774,126 (1,884,430) (1,588,615) (2,061,668) (1,106,968) (1,049,346) (1,304,993) (33,037) (33,570) (28,966) (22,586) (21,722) (22,342) 31,984 107,852 19,066 38,225 93,803 (93,142) 3,157,784 2,545,878 3,873,577 1,408,146 2,360,900 3,262,903 33,429,558 30,883,680 27,010,103 25,601,957 23,241,057 19,978,154 $ 36,587,342 $ 33,429,558 $ 30,883,680 $ 27,010,103 $ 25,601,957 $ 23,241,057 $ 25,691,511 $ 23,592,498 $ 22,153,886 $ 21,404,167 $ 14,850,954 $ 12,881,586 58.75%58.63%58.23%55.79%63.29%64.34% $ 6,942,593 $ 7,209,721 $ 7,199,177 $ 7,355,092 $ 7,004,292 $ 6,021,786 370.06%327.23%307.73%291.01%212.03%213.92% TOWN OF ORO VALLEY, ARIZONA SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM – DISPATCHERS LAST TEN FISCAL YEARS 94 2024 2023 2022 2021 Measurement date June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 Total pension liability Service cost $ 16,408 $ 16,669 $ 22,257 $ 22,224 Interest 261,914 253,314 242,038 233,081 Changes of benefit terms - - - 110,346 42,782 75,279 18,688 Changes of assumptions or other inputs - 52,917 - - (199,743) (195,826) (163,212) (139,459) Net change in total pension liability 188,925 169,856 176,362 134,534 Total pension liability—beginning 3,721,151 3,551,295 3,374,933 3,240,399 Total pension liability—ending $ 3,910,076 $ 3,721,151 $ 3,551,295 $ 3,374,933 Plan fiduciary net position Contributions—employer $ 2,218,919 $ 123,193 $ 138,372 $ 122,322 Contributions—employee 14,017 12,377 14,583 16,244 Net investment income 160,124 (66,048) 387,481 38,182 (199,743) (195,826) (163,212) (139,459) Administrative expense (2,293) (1,214) (1,786) (1,478) Other (2,051) - - (264) Net change in plan fiduciary net position 2,188,973 (127,518) 375,438 35,547 Plan fiduciary net position—beginning 1,662,090 1,789,608 1,414,170 1,378,623 Plan fiduciary net position—ending $ 3,851,063 $ 1,662,090 $ 1,789,608 $ 1,414,170 Net pension (assets) liability—ending $ 59,013 $ 2,059,061 $ 1,761,687 $ 1,960,763 98.49%44.67%50.39%41.90% Covered payroll $ 154,548 $ 158,877 $ 180,822 $ 210,542 38.18%1296.01%974.27%931.29% Differences between expected and actual experience Benefit payments, including refunds of employee contributions Benefit payments, including refunds of employee contributions Plan fiduciary net position as a percentage of the total pension liability Net pension (assets) liability as a percentage of covered payroll See notes to required supplementary information 95 2020 2019 2018 2017 2016 2015 June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 June 30, 2014 $ 30,922 $ 34,542 $ 32,541 $ 32,257 $ 52,754 $ 53,985 215,182 223,773 185,568 182,053 174,403 154,443 - (175,686) 395,457 14,504 - 29,545 124,217 (73,061) (12,524) (12,392) 14,554 (48,767) 61,495 - 85,035 64,514 - 174,536 (136,724) (141,910) (132,788) (119,180) (148,851) (68,874) 295,092 (132,342) 553,289 161,756 92,860 294,868 2,945,307 3,077,649 2,524,360 2,362,604 2,269,744 1,974,876 $ 3,240,399 $ 2,945,307 $ 3,077,649 $ 2,524,360 $ 2,362,604 $ 2,269,744 $ 120,338 $ 87,566 $ 77,331 $ 52,583 $ 64,005 $ 63,179 16,099 15,976 18,502 18,982 30,272 32,699 71,209 89,317 136,094 7,237 45,101 146,441 (136,724) (141,910) (132,788) (119,180) (148,851) (68,874) (1,971) (2,051) (1,591) (1,423) (1,490) (1,151) - (24) (8) (8) (926) - 68,951 48,874 97,540 (41,809) (11,889) 172,294 1,309,672 1,260,798 1,163,258 1,205,067 1,216,956 1,044,662 $ 1,378,623 $ 1,309,672 $ 1,260,798 $ 1,163,258 $ 1,205,067 $ 1,216,956 $ 1,861,776 $ 1,635,635 $ 1,816,851 $ 1,361,102 $ 1,157,537 $ 1,052,788 42.54%44.47%40.97%46.08%51.01%53.62% $ 202,262 $ 201,687 $ 233,934 $ 245,274 $ 380,303 $ 387,839 920.48%810.98%776.65%554.93%304.37%271.45% TOWN OF ORO VALLEY, ARIZONA SCHEDULE OF PENSION CONTRIBUTIONS – ALL PENSION PLANS LAST TEN FISCAL YEARS 96 2024 2023 2022 2021 Arizona State Retirement System: Actuarially determined contribution 2,024,014$ 1,895,413$ 1,746,926$ 1,574,068$ Contributions in relation to the actuarially determined contribution 2,024,014 1,895,413 1,746,926 1,574,068 Contribution deficiency (excess)- - - - Town's covered payroll 16,824,722$ 15,901,116$ 14,545,595$ 13,511,313$ Contributions as a percentage of covered payroll 12.03%11.92%12.01%11.65% Public Safety Personnel Retirement System - Police: Actuarially determined contribution 841,458$ 1,523,896$ 3,165,578$ 2,572,830$ Contributions in relation to the actuarially determined contribution 3,341,458 1,523,896 30,216,213 3,072,830 Contribution deficiency (excess)(2,500,000) - (27,050,635) (500,000) Town's covered payroll 7,649,618$ 6,622,521$ 7,265,499$ 6,181,716$ Contributions as a percentage of covered payroll 11.00%23.01%43.57%41.62% Public Safety Personnel Retirement System - Dispatchers Actuarially determined contribution 163,919$ 183,062$ 125,878$ 136,575$ Contributions in relation to the actuarially determined contribution 163,919 2,219,857 125,878 136,575 Contribution deficiency (excess)- (2,036,795) - - Town's covered payroll 127,623$ 154,548$ 158,877$ 180,822$ Contributions as a percentage of covered payroll 128.44%1436.36%79.23%75.53% See notes to required supplementary information 97 2020 2019 2018 2017 2016 2015 1,579,300$ 1,523,859$ 1,418,992$ 1,314,421$ 1,286,552$ 1,207,362$ 1,579,300 1,523,859 1,418,992 1,314,421 1,286,552 1,207,362 - - - - - - 13,793,013$ 13,630,224$ 13,018,275$ 12,193,145$ 11,857,622$ 11,826,486$ 11.45%11.18%10.90%10.78%10.85%10.21% 2,552,903$ 2,548,626$ 2,485,191$ 1,679,568$ 1,554,131$ 1,354,630$ 3,052,903 2,548,626 2,485,191 1,679,568 1,554,131 1,354,630 (500,000) - - - - - 6,672,512$ 6,942,593$ 7,209,721$ 7,199,177$ 7,355,092$ 7,004,292$ 38.26%36.71%34.47%23.33%21.13%19.34% 126,199$ 124,108$ 87,996$ 77,830$ 54,083$ 64,005$ 126,199 124,108 87,996 77,830 54,083 64,005 - - - - - - 210,542$ 202,262$ 201,687$ 233,934$ 245,274$ 380,303$ 59.94%61.36%43.63%33.27%22.05%16.83% TOWN OF ORO VALLEY, ARIZONA NOTES TO REQUIRED SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED JUNE 30, 2024 98 NOTE 1 – BUDGETARY BASIS OF ACCOUNTING The Town budget is prepared on a basis consistent with accounting principles generally accepted in the United States of America. NOTE 2 – BUDGETING AND BUDGETARY CONTROL A.R.S. requires the Town to prepare and adopt a balanced budget annually for each governmental fund. The Town Council must approve such operating budgets on or before the third Monday in July. A.R.S. prohibits expenditures in excess of the amounts budgeted. Expenditures may not legally exceed appropriations at the department level for the General Fund or at the fund level for all other funds. In certain instances, transfers of appropriations between departments or from the contingency account to a department may be made upon Town Manager or Town Council approval, respectively. NOTE 3 – PENSION SCHEDULES Actuarial Assumptions for Valuations Performed. The information presented in the required supplementary schedules was determined as part of the actuarial valuations at the dates indicated, which is the most recent actuarial valuation. The actuarial assumptions used are disclosed in the notes to the financial statements. Factors that Affect Trends. Arizona courts have ruled that provisions of a 2011 law that changed the mechanism for funding permanent pension benefit increases and increased employee pension contribution rates were unconstitutional or a breach of contract because those provisions apply to individuals who were members as of the law’s effective date. As a result, the PSPRS changed benefit terms to reflect the prior mechanism for funding permanent benefit increases for those members and revised actuarial assumptions to explicitly value future permanent benefit increases. PSPRS also reduced those members’ employee contribution rates. These changes are reflected in the plan’s or plans’ pension liabilities for fiscal year 2015 (measurement date 2014) for members who were retired as of the law’s effective date and fiscal year 2018 (measurement date 2017) for members who retired or will retire after the law’s effective date. These changes also increased the PSPRS-required contributions beginning in fiscal year 2016 for members who were retired as of the law’s effective date. These changes increased the PSPRS-required contributions beginning in fiscal year 2019 for members who retired or will retire after the law’s effective date. 99 COMBINING AND INDIVIDUAL FUND FINANCIAL STATEMENTS AND SCHEDULES 100 (This page intentionally left blank) 101 GOVERNMENTAL FUNDS TOWN OF ORO VALLEY, ARIZONA COMBINING BALANCE SHEET – ALL NON-MAJOR GOVERNMENTAL FUNDS – BY FUND TYPE JUNE 30, 2024 102 ASSETS Cash and investments $633,972 $3,233,644 $3,867,616 Interest receivable 7,102 31,015 38,117 Intergovernmental receivable 425,986 - 425,986 Lease Receivable - 295,222 295,222 Total Assets $1,067,060 $3,559,881 $4,626,941 LIABILITIES Accounts payable $129,950 $14,028 $143,978 Unearned revenue - 7,600 7,600 Total Liabilities 129,950 21,628 151,578 DEFERRED INFLOWS OF RESOURCES Lease Related - 280,741 280,741 FUND BALANCES Restricted 937,110 3,239,535 4,176,645 Committed - 17,977 17,977 Total Fund Balances 937,110 3,257,512 4,194,622 Total Liabilities, Deferred Inflows of Resources and Fund Balances $1,067,060 $3,559,881 $4,626,941 Special Revenue Capital Projects Funds Total Non-Major Governmental TOWN OF ORO VALLEY, ARIZONA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – ALL NON-MAJOR GOVERNMENTAL FUNDS – BY FUND TYPE YEAR ENDED JUNE 30, 2024 103 REVENUES Development impact fees $- $461,552 $461,552 Charges for Services - 38,225 38,225 Intergovernmental 4,221,036 22,042 4,243,078 Licenses, fees and permits 25,869 - 25,869 Fines, forfeitures and penalties 129,883 - 129,883 Investment income: Interest 200,984 120,413 321,397 Net decrease in fair value of investments (4,112) (14,511) (18,623) Other 766 - 766 Total Revenues 4,574,426 627,721 5,202,147 EXPENDITURES Current: General government - - - Public safety 44,983 154 45,137 Highway and streets 2,293,792 78,765 2,372,557 Culture and recreation - 540 540 Capital outlay 3,921,615 994,342 4,915,957 Total Expenditures 6,260,390 1,073,801 7,334,191 REVENUES OVER/(UNDER) EXPENDITURES (1,685,964) (446,080) (2,132,044) OTHER FINANCING SOURCES/(USES) Insurance Recoveries 13,949 - 13,949 Transfers in/(out)1,500,000 (46,553) 1,453,447 Total Other Financing Sources (Uses)1,513,949 (46,553) 1,467,396 NET CHANGE IN FUND BALANCES (172,015) (492,633) (664,648) FUND BALANCES, Beginning of year 1,109,125 3,750,145 4,859,270 FUND BALANCES, End of year $937,110 $3,257,512 $4,194,622 Special Revenue Capital Projects Funds Total Non-Major Governmental 104 (This page intentionally left blank) 105 SPECIAL REVENUE FUNDS The Special Revenue Funds account for the proceeds of specific revenue sources, other than major capital projects, that are legally restricted to expenditures for specified purposes. Highway User Revenue – accounts for the Town’s share of motor fuel tax revenues. State Seizures and Forfeitures – accounts for state police seizures and forfeitures received by the Town. Federal Seizures and Forfeitures – accounts for federal police seizures and forfeitures received by the Town. TOWN OF ORO VALLEY, ARIZONA COMBINING BALANCE SHEET – NON-MAJOR SPECIAL REVENUE FUNDS JUNE 30, 2024 106 ASSETS Cash and investments $302,772 $121,920 $209,280 $633,972 Interest receivable 7,102 - - 7,102 Intergovernmental receivable 425,986 - - 425,986 Total Assets $735,860 $121,920 $209,280 $1,067,060 LIABILITIES AND FUND BALANCES Liabilities: Accounts payable $129,813 $128 $9 $129,950 Total Liabilities 129,813 128 9 129,950 Fund balances: Restricted 606,047 121,792 209,271 937,110 Total Fund Balances 606,047 121,792 209,271 937,110 Total Liabilities and Fund Balances $735,860 $121,920 $209,280 $1,067,060 Federal Seizures HURF and Forfeitures and Forfeitures Totals State Seizures TOWN OF ORO VALLEY, ARIZONA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – NON-MAJOR SPECIAL REVENUE FUNDS YEAR ENDED JUNE 30, 2024 107 REVENUES Intergovernmental $4,221,036 $- $- $4,221,036 Licenses, fees and permits 25,869 - - 25,869 Fines, forfeitures and penalties - - 129,883 129,883 Investment income: Interest 185,013 7,669 8,302 200,984 Net decrease in fair value of investments (4,112) - - (4,112) Other 766 - - 766 Total Revenues 4,428,572 7,669 138,185 4,574,426 EXPENDITURES Current: Public safety - 37,482 7,501 44,983 Highway and streets 2,293,792 - - 2,293,792 Capital outlay 3,921,615 - - 3,921,615 Total Expenditures 6,215,407 37,482 7,501 6,260,390 OTHER FINANCING SOURCES/(USES) Insurance recoveries 13,949 - - 13,949 Transfers in 1,500,000 - - 1,500,000 Total other financing sources/(uses)1,513,949 - - 1,513,949 NET CHANGE IN FUND BALANCES (272,886) (29,813) 130,684 (172,015) FUND BALANCES, Beginning of year 878,933 151,605 78,587 1,109,125 FUND BALANCES, End of year $606,047 $121,792 $209,271 $937,110 State Seizures Federal Seizures HURF and Forfeitures and Forfeitures Totals TOWN OF ORO VALLEY, ARIZONA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – NON-MAJOR SPECIAL REVENUE FUNDS YEAR ENDED JUNE 30, 2024 108 Actual REVENUES Intergovernmental $4,334,608 $4,221,036 $(113,572) Licenses, fees and permits 25,000 25,869 869 Fines, forfeitures and penalties - - - Investment income: Interest 70,000 185,013 115,013 Net decrease in fair value of investments - (4,112) (4,112) Other 3,000 766 (2,234) Total Revenues 4,432,608 4,428,572 (4,036) EXPENDITURES Current: Public safety - - - Highway and streets 2,298,791 2,293,792 4,999 Capital outlay 4,170,000 3,921,615 248,385 Contingency 200,000 - 200,000 Total Expenditures 6,668,791 6,215,407 453,384 REVENUES OVER/ (UNDER) EXPENDITURES (2,236,183) (1,786,835) 449,348 OTHER FINANCING SOURCES/(USES) Insurance recoveries - 13,949 13,949 Transfers in 1,500,000 1,500,000 - Total other financing sources/(uses)1,500,000 1,513,949 13,949 NET CHANGE IN FUND BALANCE (736,183) (272,886) 463,297 FUND BALANCE, Beginning of year 878,933 878,933 - FUND BALANCE, End of year $142,750 $606,047 $463,297 HURF Budget Variance with Budget 109 Actual Actual $- $- $- $- $- $- - - - - - - 85,000 - (85,000) 15,000 129,883 114,883 3,000 7,669 4,669 - 8,302 8,302 - - - - - - - - - - - - 88,000 7,669 (80,331) 15,000 138,185 123,185 100,000 37,482 62,518 - 7,501 (7,501) - - - - - - - - - - - - 50,000 - 50,000 50,000 - 50,000 150,000 37,482 112,518 50,000 7,501 42,499 (62,000) (29,813) 32,187 (35,000) 130,684 165,684 - - - - - - - - - - - - - - - - - - (62,000) (29,813) 32,187 (35,000) 130,684 165,684 151,605 151,605 - 78,587 78,587 - $89,605 $121,792 $32,187 $43,587 $209,271 $165,684 State Seizures and Forfeitures Federal Seizures and Forfeitures Budget Budget Variance with Budget Variance with Budget TOWN OF ORO VALLEY, ARIZONA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – NON-MAJOR SPECIAL REVENUE FUNDS YEAR ENDED JUNE 30, 2024 110 Variance with Actual Budget REVENUES Intergovernmental $4,334,608 $4,221,036 $(113,572) Licenses, fees and permits 25,000 25,869 869 Fines, forfeitures and penalties 100,000 129,883 29,883 Investment income: Interest 73,000 200,984 127,984 Net decrease in fair value of investments - (4,112) (4,112) Other 3,000 766 (2,234) Total Revenues 4,535,608 4,574,426 38,818 EXPENDITURES Current: Public safety 100,000 44,983 55,017 Highway and streets 2,298,791 2,293,792 4,999 Capital outlay 4,170,000 3,921,615 248,385 Contingency 300,000 - 300,000 Total Expenditures 6,868,791 6,260,390 608,401 REVENUES OVER/ (UNDER) EXPENDITURES (2,333,183) (1,685,964) 647,219 OTHER FINANCING SOURCES/(USES) Insurance recoveries - 13,949 13,949 Transfers in 1,500,000 1,500,000 - Total other financing sources/(uses)1,500,000 1,513,949 13,949 NET CHANGE IN FUND BALANCE (833,183) (172,015) 661,168 FUND BALANCE, Beginning of year 1,109,125 1,109,125 - FUND BALANCE, End of year $275,942 $937,110 $661,168 Budget Totals 111 CAPITAL PROJECTS FUNDS Capital Projects Funds are created to account for the purchase or construction of major capital facilities which are not financed by the general, enterprise, or special revenue funds. Townwide Roadway Development Impact Fees – to account for the collection and capital expenditures of the Townwide Roadway Development Impact Fees. General Impact Fees – accounts for the collection of development impact fees charged for new residential and nonresidential growth to be used for future general government facilities, vehicles, equipment, and other necessary general government infrastructure needed as a result of new growth. Townwide Facilities Projects – accounts for revenues dedicated to improvements to Town parks. General Government CIP – to account for governmental capital asset projects. PAG/RTA - to account for revenues dedicated to Town improvements funded through Pima Association of Governments and the Regional Transportation Authority. TOWN OF ORO VALLEY, ARIZONA COMBINING BALANCE SHEET – NON-MAJOR CAPITAL PROJECT FUNDS JUNE 30, 2024 112 ASSETS Cash and investments $2,537,526 $257,888 $17,866 $420,364 $3,233,644 Interest receivable 24,870 4,096 111 1,938 31,015 Lease receivable - - - 295,222 295,222 Total Assets $2,562,396 $261,984 $17,977 $717,524 $3,559,881 LIABILITIES Accounts payable $4,100 $3,630 $- $6,298 $14,028 Unearned revenue 7,600 - - - 7,600 Total Liabilities 11,700 3,630 - 6,298 21,628 DEFERRED INFLOWS OF RESOURCES Lease Related - - - 280,741 280,741 FUND BALANCES Restricted 2,550,696 258,354 - 430,485 3,239,535 Committed - - 17,977 - 17,977 Total Fund Balances 2,550,696 258,354 17,977 430,485 3,257,512 Total Liabilities, Deferred Inflows of Resources and Fund Balances $2,562,396 $261,984 $17,977 $717,524 $3,559,881 Townwide TownwideGeneral Impact Facilities Impact Fees Fees Projects Totals Roadway Development PAG/RTA TOWN OF ORO VALLEY, ARIZONA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – NON-MAJOR CAPITAL PROJECT FUNDS YEAR ENDED JUNE 30, 2024 113 REVENUES Development impact fees $304,746 $156,806 $- $- $461,552 Charges for services - - - 38,225 38,225 Intergovernmental - - - 22,042 22,042 Investment income: Interest 69,997 13,547 841 36,028 120,413 Net decrease in fair value of investments (11,443) (1,120) (81) (1,867) (14,511) Total Revenues 363,300 169,233 760 94,428 627,721 EXPENDITURES Current: Public safety - 154 - - 154 Highway and streets 1,157 - - 77,608 78,765 Culture and recreation - 540 - - 540 Capital outlay - 600,000 - 394,342 994,342 Total Expenditures 1,157 600,694 - 471,950 1,073,801 REVENUES OVER/(UNDER) EXPENDITURES 362,143 (431,461) 760 (377,522) (446,080) OTHER FINANCING USES Transfers out - (46,553) - - (46,553) NET CHANGE IN FUND BALANCES 362,143 (478,014) 760 (377,522) (492,633) FUND BALANCES, Beginning of year 2,188,553 736,368 17,217 808,007 3,750,145 FUND BALANCES, End of year $2,550,696 $258,354 $17,977 $430,485 $3,257,512 Townwide General Townwide Impact Facilities Roadway Impact Fees Fees Projects Totals Development PAG/RTA TOWN OF ORO VALLEY, ARIZONA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL - ALL CAPITAL PROJECTS FUNDS YEAR ENDED JUNE 30, 2024 114 Variance with Actual Budget REVENUES Development impact fees $286,810 $304,746 $17,936 Intergovernmental - - - Charges for services - - - Investment income: Interest 15,000 69,997 54,997 Net decrease in fair value of investments - (11,443) (11,443) Other - - - Total Revenues 301,810 363,300 61,490 EXPENDITURES Current: General government - - - Public safety - - - Highway and streets 6,429 1,157 5,272 Culture and recreation - - - Capital outlay - - - Contingency 300,000 - 300,000 Total Expenditures 306,429 1,157 305,272 REVENUES OVER/(UNDER) EXPENDITURES (4,619) 362,143 366,762 OTHER FINANCING SOURCES/(USES) Sale of general capital assets - - - Insurance recoveries - - - Transfers in/(out), net - - - Total other financing sources (uses)- - - NET CHANGE IN FUND BALANCE (4,619) 362,143 366,762 FUND BALANCE, Beginning of year 2,188,553 2,188,553 - FUND BALANCE, End of year $2,183,934 $2,550,696 $366,762 Budget Townwide Roadway Development Impact Fees 115 Variance Variance with with Actual Budget Actual Budget $172,314 $156,806 $(15,508) $- $- $- - - - - - - - - - - - - 4,700 13,547 8,847 100 841 741 - (1,120) (1,120) - (81) (81) - - - - - - 177,014 169,233 (7,781) 100 760 660 - - - - - - 857 154 703 - - - - - - - - - 3,000 540 2,460 - - - 600,000 600,000 - - - - 235,000 - 235,000 16,610 - 16,610 838,857 600,694 238,163 16,610 - 16,610 (661,843) (431,461) 230,382 (16,510) 760 17,270 - - - - - - - - - - - - (46,553) (46,553) - - - - (46,553) (46,553) - - - - (708,396) (478,014) 230,382 (16,510) 760 17,270 736,368 736,368 - 17,217 17,217 - $27,972 $258,354 $230,382 $707 $17,977 $17,270 General Impact Fees Budget Townwide Facilities Projects Budget TOWN OF ORO VALLEY, ARIZONA COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL - ALL CAPITAL PROJECTS FUNDS YEAR ENDED JUNE 30, 2024 116 Variance with Actual Budget REVENUES Development impact fees $- $- $- Intergovernmental 620,000 464,000 (156,000) Charges for services - - - Investment income: Interest 100,000 716,598 616,598 Net decrease in fair value of investments - (69,737) (69,737) Other 892,540 892,575 35 Total Revenues 1,612,540 2,003,436 390,896 EXPENDITURES Current: General government - 92,386 (92,386) Public safety - - - Highway and streets - - - Culture and recreation 350,145 287,938 62,207 Capital outlay 23,515,716 18,199,380 5,316,336 Contingency 2,500,000 - 2,500,000 Total Expenditures 26,365,861 18,579,704 7,786,157 REVENUES OVER/(UNDER) EXPENDITURES (24,753,321) (16,576,268) 8,177,053 OTHER FINANCING SOURCES/(USES) Sale of general capital assets 100,000 71,733 (28,267) Insurance recoveries 15,000 131,977 116,977 Transfers in/(out), net 8,500,000 8,500,000 - Total other financing sources (uses)8,615,000 8,703,710 88,710 NET CHANGE IN FUND BALANCE (16,138,321) (7,872,558) 8,265,763 FUND BALANCE, Beginning of year 24,550,288 24,550,288 - FUND BALANCE, End of year $8,411,967 $16,677,730 $8,265,763 General Government CIP Budget 117 Variance Variance with with Actual Budget Actual Budget $- $- $- $459,124 $461,552 $2,428 30,000 22,042 (7,958) 650,000 486,042 (163,958) 28,125 38,225 10,100 28,125 38,225 10,100 7,000 36,028 29,028 126,800 837,011 710,211 - (1,867) (1,867) - (84,248) (84,248) - - - 892,540 892,575 35 65,125 94,428 29,303 2,156,589 2,631,157 474,568 - - - - 92,386 (92,386) - - - 857 154 703 30,000 77,608 (47,608) 36,429 78,765 (42,336) - - - 353,145 288,478 64,667 438,000 394,342 43,658 24,553,716 19,193,722 5,359,994 120,000 - 120,000 3,171,610 - 3,171,610 588,000 471,950 116,050 28,115,757 19,653,505 8,462,252 (522,875) (377,522) 145,353 (25,959,168) (17,022,348) 8,936,820 - - - 100,000 71,733 (28,267) - - - 15,000 131,977 116,977 - - - 8,453,447 8,453,447 - - - - 8,568,447 8,657,157 88,710 (522,875) (377,522) 145,353 (17,390,721) (8,365,191) 9,025,530 808,007 808,007 - 28,300,433 28,300,433 - $285,132 $430,485 $145,353 $10,909,712 $19,935,242 $9,025,530 PAG/RTA Totals Budget Budget 118 (This page intentionally left blank) 119 MUNICIPAL DEBT SERVICE FUND Debt Service Funds are created to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. Municipal Debt Service – to account for the payments of debt service on the Series 2010 Excise Tax Revenue Obligations, the Series 2012 Excise Tax Revenue Obligations, the Series 2015 Excise Tax Revenue Refunding Obligations, the Series 2016 Excise Tax Revenue Obligations, the Series 2017 Refunding Excise Tax Revenue Obligations, the Series 2018 Excise Tax Revenue Obligations, the Series 2021 Parks and Recreation Excise Tax Revenue Obligations, and the 2021 Excise Tax PSPRS Pension Obligation Bonds. TOWN OF ORO VALLEY SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – MUNICIPAL DEBT SERVICE FUND YEAR ENDED JUNE 30, 2024 120 Variance with Actual Budget REVENUES Intergovernmental $25,146 $25,649 $503 Investment income: Interest 60,000 66,529 6,529 Other 100,000 94,980 (5,020) Total Revenues 185,146 187,158 2,012 EXPENDITURES Debt service: Principal retirement 2,668,242 2,668,242 - Interest and fiscal charges 1,369,612 1,369,340 272 Contingency 100,000 - 100,000 Total Expenditures 4,137,854 4,037,582 100,272 REVENUES OVER (UNDER) EXPENDITURES (3,952,708) (3,850,424) 102,284 OTHER FINANCING SOURCES Transfers in 3,902,708 3,902,708 - Total other financing sources 3,902,708 3,902,708 - NET CHANGE IN FUND BALANCE (50,000) 52,284 102,284 FUND BALANCE, Beginning of year 273,718 273,718 - FUND BALANCE, End of year $223,718 $326,002 $102,284 Municipal Debt Service Budget 121 STATISTICAL SECTION The statistical section presents financial statement trends as well as detailed financial and operational information not available elsewhere in the report. The statistical section is intended to enhance the reader’s understanding of the information presented in the financial statements, notes to the financial statements, and other supplementary information presented in this report. The statistical section is comprised of the five categories of statistical information presented below. Financial Trends These schedules contain information on financial trends to help the reader understand how the Town’s financial position and financial activities have changed over time. Revenue Capacity These schedules contain information to help the reader assess the factors affecting the Town’s ability to generate property revenue. Debt Capacity These schedules present information to help the reader evaluate the Town’s current levels of outstanding debt as well as assess the Town’s ability to make debt payments and/or issue additional debt in the future. Demographic and Economic Information These schedules present various demographic and economic indicators to help the reader understand the environment in which the Town’s financial activities take place and to help make comparisons with other municipalities. Operating Information These schedules contain information about the Town’s operations and various resources to help the reader draw conclusions as to how the Town’s financial information relates to the services provided by the Town. Note: For locally assessed property (i.e., excluding mines, utilities, etc.) Proposition 117, approved by voters in 2012, amended the Arizona Constitution to require that all property taxes after fiscal year 2014-15 be based upon property values limited to five percent in annual growth. The aggregate assessed value of all taxable properties within a taxing jurisdiction (i.e., after applying assessment ratios based on the use of a property), including property values with a growth limit, is currently referred to as net limited assessed value and formerly as primary assessed value. In accordance with Proposition 117, this value is used for all taxing purposes beginning fiscal year 2015-16. Aggregate assessed value without a growth limit is currently referred to as net full cash assessed value and formerly as secondary assessed value. This remains the value utilized for determining debt capacity limits. 122 (This page intentionally left blank) 123 TOWN OF ORO VALLEY, ARIZONA NET POSITION BY COMPONENT LAST TEN FISCAL YEARS (ACCRUAL BASIS OF ACCOUNTING) 2024 2023 2022 2021 2020 Governmental Activities: Net investment in capital assets $195,184,523 $181,274,918 $179,219,389 $184,355,212 $152,604,355 Restricted 4,502,647 15,579,039 21,752,087 5,392,323 6,601,283 Unrestricted 17,270,579 13,237,690 1,104,482 335,300 (11,756,943) Total governmental activities net position $216,957,749 $210,091,647 $202,075,958 $190,082,835 $147,448,695 Business-type Activities: Net investment in capital assets $110,254,720 $95,456,678 $87,969,917 $84,049,866 $76,933,346 Restricted 14,427,924 Unrestricted 3,810,899 26,210,775 27,109,858 27,721,215 25,077,357 Total business-type activities net position $128,493,543 $121,667,453 $115,079,775 $111,771,081 $102,010,703 Primary Government: Net investment in capital assets $305,439,243 $276,731,596 $267,189,306 $268,405,078 $229,537,701 Restricted 18,930,571 15,579,039 21,752,087 5,392,323 6,601,283 Unrestricted 21,081,478 39,448,465 28,214,340 28,056,515 13,320,414 Total primary government net position $345,451,292 $331,759,100 $317,155,733 $301,853,916 $249,459,398 2019 2018 2017 2016 2015 Governmental Activities: Net investment in capital assets $141,506,384 $137,311,856 $133,414,691 $132,419,826 $133,800,218 Restricted 5,752,355 4,424,244 6,006,584 4,653,905 3,599,966 Unrestricted (10,619,492) (11,583,669) (15,397,688) (10,883,206) (9,493,907) Total governmental activities net position $136,639,247 $130,152,431 $124,023,587 $126,190,525 $127,906,277 Business-type Activities: Net investment in capital assets $73,170,068 $69,036,006 $66,755,370 $61,261,271 $54,858,448 Unrestricted 23,499,030 21,397,377 18,721,247 19,504,748 20,092,694 Total business-type activities net position $96,669,098 $90,433,383 $85,476,617 $80,766,019 $74,951,142 Primary Government: Net investment in capital assets $214,676,452 $206,347,862 $200,170,061 $193,681,097 $188,658,666 Restricted 5,752,355 4,424,244 6,006,584 4,653,905 3,599,966 Unrestricted 12,879,538 9,813,708 3,323,559 8,621,542 10,598,787 Total primary government net position $233,308,345 $220,585,814 $209,500,204 $206,956,544 $202,857,419 Source: Town of Oro Valley Finance Department 124 TOWN OF ORO VALLEY, ARIZONA CHANGES IN NET POSITION LAST TEN FISCAL YEARS (ACCRUAL BASIS OF ACCOUNTING) 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Expenses Governmental activities: General government $22,885,243 $21,118,167 $28,083,397 $19,633,975 $17,210,855 $14,727,150 $12,639,867 $12,130,905 $11,888,794 $11,533,702 Public safety 21,516,996 20,002,651 8,232,307 18,291,873 19,416,010 18,958,436 17,683,197 22,251,172 16,123,500 16,587,168 Highways and streets 12,407,093 12,041,764 10,234,099 11,629,477 10,201,832 10,791,469 7,505,589 9,417,459 9,089,318 9,400,140 Transit 1,691,450 1,520,300 1,267,596 939,341 1,106,750 1,125,490 1,505,341 1,533,258 1,432,910 1,404,646 Culture and recreation 13,167,591 11,839,721 10,059,071 9,396,975 9,551,170 9,699,357 10,111,731 10,204,276 9,695,639 4,572,490 Interest on long-term debt 1,270,041 1,406,761 1,149,019 290,251 362,651 355,545 350,404 511,502 494,732 439,027 Total governmental activities expenses 72,938,414 67,929,364 59,025,489 60,181,892 57,849,268 55,657,447 49,796,129 56,048,572 48,724,893 43,937,173 Business-type activities: Water 18,305,199 17,438,890 16,202,611 16,157,523 15,953,546 15,089,673 15,568,288 14,753,418 14,406,074 13,608,931 Stormwater 1,486,716 1,409,674 1,282,283 1,368,001 1,444,865 1,291,490 1,190,898 1,115,494 917,898 854,510 Total business-type activities expenses 19,791,915 18,848,564 17,484,894 17,525,524 17,398,411 16,381,163 16,759,186 15,868,912 15,323,972 14,463,441 Total primary government expenses $92,730,329 $86,777,928 $76,510,383 $77,707,416 $75,247,679 $72,038,610 $66,555,315 $71,917,484 $64,048,865 $58,400,614 Program Revenues Governmental activities: Charges for services General government $4,714,761 $5,567,269 $5,519,724 $6,305,121 $5,205,012 $4,920,132 $5,084,396 $4,901,504 $4,096,927 $3,516,359 Public safety 290,374 245,285 341,334 340,430 157,312 173,488 128,651 138,075 168,808 29,097 Highways and streets 369,376 287,013 378,585 739,936 1,675,929 754,388 1,039,542 1,052,167 764,397 496,098 Transit - - - 463 110,309 138,125 119,536 100,052 88,684 72,783 Culture and recreation 8,579,288 7,003,209 7,033,797 5,236,021 4,391,639 5,014,018 5,096,804 4,611,576 4,373,693 1,108,734 Operating grants and contributions 3,237,521 4,533,920 4,040,118 8,171,190 3,621,830 4,669,814 4,949,928 4,664,197 5,503,530 5,070,396 Capital grants and contributions 7,512,562 9,258,047 8,493,664 25,566,365 16,338,347 8,302,441 5,529,831 6,749,407 3,602,656 2,456,727 Total governmental activities program revenues 24,703,882 26,894,742 25,807,222 46,359,527 31,500,378 23,972,406 21,948,688 22,216,978 18,598,695 12,750,194 Business-type activities: Charges for services Water 19,550,645 17,702,458 18,333,445 18,199,075 20,218,758 17,519,158 19,455,685 18,158,385 16,739,580 16,088,681 Stormwater 1,521,238 1,474,130 1,495,382 1,472,363 1,443,616 1,426,246 1,386,278 1,314,787 828,258 771,594 Operating grants and contributions - - - - - - - - 35,000.00 - Capital grants and contributions 4,257,006 3,964,061 1,612,125 7,603,672 169,194 2,899,213 870,920 1,097,285 3,334,372 1,979,037 Total business-type activities program revenues 25,328,889 23,140,649 21,440,952 27,275,110 21,831,568 21,844,617 21,712,883 20,570,457 20,937,210 18,839,312 Total primary government program revenues $50,032,771 $50,035,391 $47,248,174 $73,634,637 $53,331,946 $45,817,023 $43,661,571 $42,787,435 $39,535,905 $31,589,506 Net (expense)/revenue: Governmental activities $(48,234,532) $(41,034,622) $(33,218,267) $(13,822,365) $(26,348,890) $(31,685,041) $(27,847,441) $(33,831,594) $(30,126,198) $(31,186,979) Business-type activities 5,536,974 4,292,085 3,956,058 9,749,586 4,433,157 5,463,454 4,953,697 4,701,545 5,613,238 4,375,871 Total primary government net expense $(42,697,558) $(36,742,537) $(29,262,209) $(4,072,779) $(21,915,733) $(26,221,587) $(22,893,744) $(29,130,049) $(24,512,960) $(26,811,108) 125 General Revenues and Other Changes in Net Position Governmental activities: Taxes: Sales $30,522,235 $30,163,507 $30,583,921 $24,056,793 $22,757,403 $22,924,400 $21,664,398 $19,767,720 $16,998,464 $16,132,159 Franchise 715,334 763,311 756,388 722,700 662,048 635,494 656,664 647,830 621,546 582,064 Unrestricted state revenue sharing 22,500,362 18,581,727 15,081,806 14,435,336 12,638,148 11,879,950 11,577,834 11,177,729 10,549,196 10,413,464 Investment earnings 1,790,527 1,389,962 (1,181,160) 136,789 1,098,267 1,132,215 74,542 68,435 238,210 216,175 Miscellaneous 92,569 - 150,100 - - - - - - - Transfers (520,393) (1,848,196) (198,665) 2,522 2,472 2,581 2,847 2,942 3,030 3,119 Total governmental activities 55,100,634 49,050,311 45,192,390 39,354,140 37,158,338 36,574,640 33,976,285 31,664,656 28,410,446 27,346,981 Business-type activities: Investment earnings 750,242 436,397 (861,433) 59 910,920 774,842 5,916 11,995 204,669 124,887 Miscellaneous 18,481 11,000 15,404 13,255 - - - - - - Transfers 520,393 1,848,196 198,665 (2,522) (2,472) (2,581) (2,847) (2,942) (3,030) (3,119) Total business-type activities 1,289,116 2,295,593 (647,364) 10,792 908,448 772,261 3,069 9,053 201,639 121,768 Total primary government $56,389,750 $51,345,904 $44,545,026 $39,364,932 $38,066,786 $37,346,901 $33,979,354 $31,673,709 $28,612,085 $27,468,749 Change in Net Position Governmental activities 6,866,102 8,015,689 11,974,123 25,531,775 10,809,448 4,889,599 6,128,844 (2,166,938) (1,715,752) (3,839,998) Business-type activities 6,826,090 6,587,678 3,308,694 9,760,378 5,341,605 6,235,715 4,956,766 4,710,598 5,814,877 4,497,639 Total primary government $13,692,192 $14,603,367 $15,282,817 $35,292,153 $16,151,053 $11,125,314 $11,085,610 $2,543,660 $4,099,125 $657,641 Source: Town of Oro Valley Finance Department TOWN OF ORO VALLEY, ARIZONA FUND BALANCES OF GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) 126 2024 2023 2022 2021 2020 General fund Nonspendable $686,393 $360,848 $1,279,770 $204,193 $45,553 Committed 15,051,151 12,116,181 12,813,742 9,883,194 10,485,304 Assigned - - - - - Unassigned 6,343,959 11,321,463 16,296,912 22,321,155 10,368,691 Total general fund $22,081,503 $23,798,492 $30,390,424 $32,408,542 $20,899,548 All other governmental funds Nonspendable $370,497 $512,728 $308,947 $157,497 $73,201 Restricted 4,502,647 17,289,074 29,043,570 5,392,323 5,471,396 Committed 1,651,557 841,463 5,749,810 2,602,097 805,717 Assigned 16,488,770 12,210,451 - 2,438,272 2,410,736 Unassigned (185,555) - - - - Total all other governmental funds $22,827,916 $30,853,716 $35,102,327 $10,590,189 $8,761,050 2019 2018 2017 2016 2015 General fund Nonspendable $129,504 $141,676 $130,030 $97,269 $31,278 Committed 13,608,565 - - - - Assigned 2,584,994 1,441,862 1,441,862 1,441,862 1,553,999 Unassigned 3,248,602 14,384,104 11,831,322 8,985,422 8,566,598 Total general fund $19,571,665 $15,967,642 $13,403,214 $10,524,553 $10,151,875 All other governmental funds Nonspendable $105,403 $130,202 $132,538 $127,600 $149,348 Restricted 5,752,355 4,424,244 6,006,584 4,031,923 3,599,966 Committed 406,247 1,594,293 1,829,232 2,617,856 4,637,773 Assigned 3,611,045 2,209,618 1,716,361 1,340,991 1,421,593 Unassigned - (201,765) (237,769) (29,198) - Total all other governmental funds $9,875,050 $8,156,592 $9,446,946 $8,089,172 $9,808,680 Source: Town of Oro Valley Finance Department TOWN OF ORO VALLEY, ARIZONA CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS LAST TEN FISCAL YEARS (MODIFIED ACCRUAL BASIS OF ACCOUNTING) 127 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Revenues Taxes $31,237,569 $30,926,818 $31,340,309 $24,779,493 $23,419,451 $23,559,894 $22,321,062 $20,415,550 $17,620,010 $16,714,223 Intergovernmental 32,129,316 29,910,099 27,545,642 31,780,507 30,840,092 24,375,992 21,634,143 22,118,633 19,488,066 17,714,991 Fines, forfeitures, & penalties 191,523 130,630 233,228 233,331 183,381 247,283 529,687 558,692 283,470 221,571 Licenses, fees, & permits 2,148,372 2,670,580 2,418,918 3,362,933 2,400,899 2,387,832 2,679,690 2,388,951 1,915,992 1,605,937 Charges for services 10,510,647 9,191,669 9,392,716 7,162,259 7,463,179 7,206,705 6,599,847 6,226,578 5,956,058 2,991,826 Contributions & donations 5,122 1,641,102 - - - - 133,928 150,000 149,513 - Special assessments - - - 172,640 175,197 174,066 175,854 175,539 189,525 178,078 Development impact fees 461,552 419,210 605,406 1,256,426 980,302 1,039,763 1,346,402 1,348,528 795,471 439,637 Investment income 1,707,505 1,348,183 (1,091,168) 132,373 1,098,267 1,132,215 74,542 68,435 238,210 216,175 Other revenues 1,757,713 1,690,583 691,442 1,024,290 965,588 841,111 576,970 572,886 504,796 141,618 Total revenues $80,149,319 $77,928,874 $71,136,493 $69,904,252 $67,526,356 $60,964,861 $56,072,125 $54,023,792 $47,141,111 $40,224,056 Expenditures General government $21,601,329 $20,615,414 $28,445,524 $17,610,897 $16,531,008 $14,424,463 $11,998,586 $11,098,844 $11,426,687 $10,862,553 Public safety 20,290,617 19,829,261 35,253,398 16,438,199 16,767,994 16,250,498 16,731,963 15,725,029 15,494,532 15,071,396 Highways & streets 2,372,557 2,123,019 1,779,889 1,795,203 1,904,698 2,999,923 3,092,143 2,993,402 2,754,413 2,602,321 Transit 1,697,772 1,530,444 1,328,131 930,687 1,110,444 1,150,322 1,536,294 1,528,654 1,432,910 1,404,646 Culture & recreation 11,794,125 10,788,607 9,284,693 8,363,664 8,735,394 8,880,611 9,399,598 9,433,339 9,097,752 4,078,817 Capital outlay 28,669,591 28,493,535 13,545,876 9,993,713 20,637,466 15,293,326 10,081,427 9,196,801 7,995,340 8,093,704 Debt service Principal 3,340,192 3,250,712 1,034,249 1,146,027 1,262,487 1,124,885 1,304,226 1,075,466 897,637 649,840 Interest 1,475,552 1,496,692 557,218 290,251 365,454 327,421 356,661 314,914 336,510 436,010 Issuance cost on bonds - - 728,808 - - 35,000 - 67,959 104,533 - Total expenditures $91,241,735 $88,127,684 $91,957,786 $56,568,641 $67,314,945 $60,486,449 $54,500,898 $51,434,408 $49,540,314 $43,199,287 Excess of revenues over/ (under) expenditures $(11,092,416) $(10,198,810) $(20,821,293) $13,335,611 $211,411 $478,412 $1,571,227 $2,589,384 $(2,399,203) $(2,975,231) Other financing sources/(uses) Proceeds from lease agreements - 349,652 - - - - - - 1,043,214 - Proceeds from financed purchase agreements - 81,722 - - - - - - - - Proceeds from subscription-based information technology arrangements 1,634,518 582,440 - - - - - - - - Payment to bond escrow agent - - - - - - - (1,171,447) (2,523,121) - Issuance of long-term debt - - 39,095,000 - - 2,035,000 - 3,115,556 2,529,250 - Premium on bonds issued - - 4,247,224 - - - - - - - Sale of general capital assets 73,470 141,421 150,796 - - - - - - - Insurance recoveries 162,032 51,229 20,957 - - - - - - - Transfers in 15,540,708 22,916,769 6,401,665 2,747,343 2,046,718 4,407,180 3,342,890 2,953,072 1,872,026 4,326,627 Transfers out (16,061,101) (24,764,965) (6,600,330) (2,744,821) (2,044,246) (4,404,599) (3,640,043) (3,250,130) (1,868,996) (4,323,508) Total other financing sources/(uses)1,349,627 (641,732) 43,315,312 2,522 2,472 2,037,581 (297,153) 1,647,051 1,052,373 3,119 Net change in fund balances $(9,742,789) $(10,840,542) $22,494,019 $13,338,133 $213,883 $2,515,993 $1,274,074 $4,236,435 $(1,346,830) $(2,972,112) ` Debt service as a percentage of noncapital expenditures 7.45%7.71%2.01%3.06%3.40%3.16%3.66%3.32%3.00%3.17% Source: Town of Oro Valley Finance Department TOWN OF ORO VALLEY, ARIZONA PRINCIPAL SALES TAXPAYERS CURRENT FISCAL YEAR AND NINE YEARS PRIOR 128 % of Total % of Total Business Sales Tax Business Sales Tax Taxpayer Type Rank Payments Taxpayer Type Rank Payments Taxpayer A Utility $2,610,894 1 8.55%Taxpayer A Utility $1,813,674 1 11.24% Taxpayer B Retail 1,972,061 2 6.46%Taxpayer I Accomodation 1,117,925 2 6.93% Taxpayer C Construction 1,902,634 3 6.23%Taxpayer B Retail 879,702 3 5.45% Taxpayer D Accomodation 1,682,326 4 5.51%Taxpayer C Retail 677,765 4 4.20% Taxpayer E Retail 1,255,467 5 4.11%Taxpayer D Utility 463,623 5 2.87% Taxpayer F Retail 1,220,261 6 4.00%Taxpayer F Utility 456,911 6 2.83% Taxpayer G Utility 751,696 7 2.46%Taxpayer G Retail 419,305 7 2.60% Taxpayer H Utility 696,219 8 2.28%Taxpayer H Retail 361,373 8 2.24% Taxpayer I Retail 602,223 9 1.97%Taxpayer E Construction 313,305 9 1.94% Taxpayer J Construction 534,622 10 1.75%Taxpayer J Retail 310,394 10 1.92% $13,228,403 43.34%$6,813,977 42.22% Sales Tax Payments Sales Tax Payments June 30, 2024 June 30, 2015 Source: Arizona Department of Revenue TOWN OF ORO VALLEY, ARIZONA TAXABLE SALES BY CATEGORY LAST TEN FISCAL YEARS ($000’s) 129 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Construction $5,336 $5,311 $5,804 $3,893 $4,363 $4,191 $4,653 $4,295 $2,131 $3,199 Manufacturing 644 724 639 283 198 173 140 137 156 141 Transportation, Warehousing, Communications & Utilities 4,347 3,921 3,771 3,593 3,288 3,335 3,384 3,171 3,133 3,068 Wholesale Trade 405 371 265 228 211 183 154 136 131 125 Retail Trade 11,695 11,381 12,058 10,890 9,830 8,430 7,733 7,086 6,844 5,808 Restaurants, Bars & Lodging 5,535 6,206 5,906 3,374 3,011 4,299 3,907 3,473 3,295 2,803 Finance, Insurance & Real Estate 427 376 383 313 442 1,114 646 562 443 270 Services 1,881 1,722 1,526 1,276 1,004 963 840 702 672 599 All Other 250 150 232 206 409 237 206 202 190 115 Cable Franchise 715 763 756 723 662 635 657 648 622 582 Total $31,235 $30,925 $31,340 $24,779 $23,418 $23,560 $22,320 $20,412 $17,617 $16,710 Town Sales Tax Rate*2.50% Fiscal Year 2.00%2.50%2.50%2.50%2.50%2.50%2.50%2.50%2.00% Source: Arizona Department of Revenue * Note: .5% Additional Sales Tax Effective March 1, 2015 TOWN OF ORO VALLEY, ARIZONA DIRECT AND OVERLAPPING SALES TAX RATES LAST TEN FISCAL YEARS 130 Fiscal Year Ended Utility June 30,Sales Tax Bed Tax Sales Tax Sales Tax 2015*2.50%6.00%4.00%4.00%6.10% 2016 2.50%6.00%4.00%4.00%6.10% 2017 2.50%6.00%4.00%4.00%6.10% 2018 2.50%6.00%4.00%4.00%6.10% 2019 2.50%6.00%4.00%4.00%6.10% 2020 2.50%6.00%4.00%4.00%6.10% 2021 2.50%6.00%4.00%4.00%6.10% 2022 2.50%6.00%4.00%4.00%6.10% 2023 2.50%6.00%4.00%4.00%6.10% 2024 2.50%6.00%4.00%4.00%6.10% Town of Oro Valley Construction Pima County Sales Source: Arizona Department of Revenue *Note: .5% Additional Sales Tax Effective March 1, 2015 TOWN OF ORO VALLEY, ARIZONA NET LIMITED AND FULL CASH ASSESSED VALUE OF PROPERTY LAST TEN FISCAL YEARS 131 Fiscal Year Net Full Estimated Ended Assessed Cash Assessed Full Cash June 30,Value Value Value 2015 556,566,167 560,863,509 5,252,917,489 - 2016 572,696,599 593,299,222 5,616,655,680 - 2017 593,580,247 616,216,705 5,688,443,027 - 2018 612,684,205 633,479,221 6,058,189,523 - 2019 645,311,769 683,985,966 6,456,152,108 - 2020 678,873,768 730,293,104 6,937,292,543 - 2021 758,352,130 813,753,982 7,742,926,046 - 2022 786,505,278 838,744,317 8,023,965,026 - 2023 828,970,219 1,002,518,296 9,695,469,656 - 2024 873,032,771 1,209,485,802 11,785,654,511 - Net Limited Total Outstanding General Obligation Bond Debt Source: Arizona Department of Revenue Abstract of the Assessment Roll Note: On November 6, 2012, voters approved Proposition 117, an amendment to the Arizona Constitution. Beginning with Tax Year 2015 (Fiscal Year 2016), both primary and secondary taxes are levied against the net limited assessed value. The net full cash assessed value is used for determining the Town’s bonding capacity and as the ceiling for net limited assessed value. TOWN OF ORO VALLEY, ARIZONA HISTORICAL AND PROJECTED EXCISE TAX COLLECTIONS JUNE 30, 2024 132 Fiscal Year Fiscal Year Revenue Source Town Sales Tax $27,993,293 $27,993,025 $26,715,684 $26,449,853 $27,048,414 $21,109,373 $20,172,487 $20,454,936 $19,333,457 $17,568,254 Franchise Fees 765,000 715,800 715,334 763,311 756,388 722,700 662,048 635,494 656,664 647,830 Licenses & Permits 2,357,215 1,698,022 2,122,503 2,670,580 2,418,918 3,362,933 2,400,899 2,387,832 2,679,690 2,313,504 Fines 127,513 55,000 61,640 130,630 132,636 135,547 111,611 165,669 131,393 131,637 State-shared Sales Tax 7,876,399 7,300,876 7,281,900 7,077,517 6,637,079 5,462,343 4,694,491 4,469,774 4,210,168 3,989,179 State-shared Income Tax 10,647,744 10,276,631 12,779,482 9,082,721 6,174,401 6,580,331 5,870,231 5,370,779 5,422,693 5,329,864 Subtotal $49,767,164 $48,039,354 $49,676,543 $46,174,612 $43,167,836 $37,373,227 $33,911,767 $33,484,484 $32,434,065 $29,980,268 Parks and Recreation Sales Tax 3,966,910 3,879,440 3,792,744 3,713,654 3,535,507 2,947,420 2,584,916 2,469,464 2,330,941 2,199,466 Total $53,734,074 $51,918,794 $53,469,287 $49,888,266 $46,703,343 $40,320,647 $36,496,683 $35,953,948 $34,765,006 $32,179,734 Projected Fiscal Year 2025 Fiscal Year 2026 Fiscal Year Fiscal Year 20182019 2017 Fiscal YearFiscal Year 2020 Audited Fiscal Year 2023 20212022 Fiscal Year 2024 (a) All revenue sources are presented on a modified accrual basis of accounting except for Town sales taxes which are presented on the cash basis of accounting per the Arizona Department of Revenue Standard Industry Summary Local Taxes Collection Reports Source: Oro Valley Finance Department Note: The above information is provided for bond requirements only and the bond does not require ten years of data. TOWN OF ORO VALLEY, ARIZONA RATIO OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS 133 Percentage Fiscal Financed Subscription Note of Personal Year Purchases Liabilities Payable Income 2015 $128,594 $- $- $1,000,000 $8,215,673 $925,000 $37,683,805 $118,862 $8,169,765 $56,241,699 3.25%1,331 2016 966,962 - - 700,000 7,716,638 780,000 34,517,647 80,423 8,879,907 53,641,577 2.95%1,231 2017 716,622 - - 350,000 9,341,559 640,000 30,804,327 40,814 8,284,407 50,177,729 2.69%1,146 2018 458,744 - - - 8,788,954 490,000 28,079,939 - 7,690,874 45,508,511 2.35%1,022 2019 254,070 - - - 10,051,867 335,000 30,135,034 - 7,079,179 47,855,150 2.37%1,059 2020 33,937 - - - 9,171,710 170,000 25,669,708 - 6,448,759 41,494,114 1.95%901 2021 - - - - 8,229,620 - 24,909,835 - 2,713,108 35,852,563 1.62%762 2022 769,691 - - - 50,463,247 - 20,476,968 - 2,404,213 74,114,119 3.15%1,537 2023 *827,109 69,254 466,860 - 47,362,076 - 16,231,628 - 2,087,126 66,507,939 2.55%1,360 2024 597,242 49,723 1,678,826 - 44,488,323 - 13,184,870 - 1,761,630 61,760,614 2.15%1,258 *Note: 2023 Excise Tax Bonds figure for Governmental Activities revised to include bond premium Per CapitaLeases Loan Payable Business-Type Activities Total Primary GovernmentLeases Excise Tax Bonds Governmental Activities Revenue BondsBonds Assessment Special Source: Town of Oro Valley Finance Department and U.S. Census Bureau TOWN OF ORO VALLEY, ARIZONA DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT JUNE 30, 2024 134 Estimated Estimated Share Debt Percentage of Overlapping Governmental Unit Outstanding Applicable Debt Pima County $48,445,000 7.60%$3,679,846 Amphitheater Unified School District 67,530,000 42.47%28,678,347 Golder Ranch Fire District 57,871,682 69.95%40,483,773 Subtotal, overlapping debt 72,841,966 Town of Oro Valley 46,814,114 100.00%46,814,114 Total estimated direct and overlapping debt $119,656,080 Source: Pima County, Golder Ranch Fire District and Amphitheater Unified School District No. 10. (1) Estimated percentage of debt outstanding applicable to the Town is calculated based on a portion of the Town’s net limited assessed valuation as a percentage of the net limited assessed valuation of the overlapping jurisdiction. TOWN OF ORO VALLEY, ARIZONA LEGAL DEBT MARGIN INFORMATION LAST TEN FISCAL YEARS 135 2024 2023 2022 2021 2020 Debt Limit $314,466,309 $260,654,757 $215,707,584 $211,576,035 $189,876,207 Total net debt applicable to limit - - - - - Legal debt margin $314,466,309 $260,654,757 $215,707,584 $211,576,035 $189,876,207 Total net debt applicable to the limit as a percentage of debt limit 0.00%0.00%0.00%0.00%0.00% 2019 2018 2017 2016 2015 Debt Limit $177,836,351 $164,704,598 $160,216,343 $154,257,798 $145,824,512 Total net debt applicable to limit - - - - - Legal debt margin $177,836,351 $164,704,598 $160,216,343 $154,257,798 $145,824,512 Total net debt applicable to the limit as a percentage of debt limit 0.00%0.00%0.00%0.00%0.00% Source: Town of Oro Valley Finance Department TOWN OF ORO VALLEY, ARIZONA CALCULATION OF LEGAL DEBT MARGIN JUNE 30, 2024 136 Net Full Cash Assessed Valuation $1,209,485,802 Debt Limit - 20% of net full cash assessed valuation $241,897,160 Debt applicable to limit General obligation bonds outstanding $ Less amount set aside for repayment of debt Net debt applicable to limit 20% legal debt margin $241,897,160 Debt Limit - 6% of net full cash assessed valuation $72,569,148 Debt applicable to limit General obligation bonds outstanding $ Less amount set aside for repayment of debt Net debt applicable to limit All other general obligation bonds debt margin $72,569,148 Total legal debt margin $314,466,309 Water, Sewer, Light, Parks, Open Space and Recreational Facility Bonds All other general obligation bonds Source: Pima County Assessor’s Officer TOWN OF ORO VALLEY, ARIZONA PLEDGED REVENUE COVERAGE JUNE 30, 2024 137 Water Utility Revenue Bonds Fiscal Year 2015 $16,213,273 $2,995,560 $1,372,024 $4,367,584 3.71 2016 16,943,615 3,054,080 1,239,488 4,293,568 3.95 2017 18,169,402 3,054,060 870,547 3,924,607 4.63 2018 19,455,685 2,607,710 897,871 3,505,581 5.55 2019 17,519,158 3,933,228 839,823 4,773,051 3.67 2020 20,218,758 4,348,648 775,538 5,124,186 3.95 2021 22,304,186 3,544,910 661,932 4,206,842 5.30 2022 19,515,935 4,051,414 527,252 4,578,666 4.26 2023 19,531,841 4,245,340 449,395 4,694,735 4.16 2024 21,936,531 3,046,758 311,895 3,358,653 6.53 Governmental Revenue Bonds Fiscal Year 2015 $31,739,256 $479,440 $367,991 $847,431 37.45 2016 31,883,978 530,920 289,630 820,550 38.86 2017 31,739,256 334,940 281,475 616,415 51.49 2018 34,262,128 544,290 280,170 824,460 41.56 2019 36,414,803 763,772 284,213 1,047,985 34.75 2020 36,511,067 877,352 312,875 1,190,227 30.68 2021 37,951,105 942,090 273,354 1,215,444 31.22 2022 43,590,851 971,586 243,858 1,215,444 35.86 2023 48,018,775 2,895,660 1,435,398 4,331,058 11.09 2024 48,020,003 2,668,242 1,359,610 4,027,852 11.92 Coverage Principal Interest Total CoverageRevenues Debt Service Debt Service Gross Revenues Gross Principal Interest Total Source: Town of Oro Valley Finance Department TOWN OF ORO VALLEY, ARIZONA HISTORICAL AND PROJECTED WATER SYSTEM REVENUES, EXPENSES, DEBT SERVICE AND COVERAGE LAST TEN FISCAL YEARS 138 Revenues: Water revenues $16,252,902 $14,539,682 $14,406,542 $14,679,253 $13,764,702 $12,413,502 $13,586,667 $12,493,557 $12,018,429 $11,280,269 Water impact fees 2,367,405 1,818,383 1,167,086 4,100,556 - - - - - - Water connection fees - - - - 810,689 621,106 816,045 816,353 544,852 591,045 Alternative water connection fees - - - - 1,627,435 1,246,838 1,638,175 1,638,792 1,094,460 1,172,170 Groundwater preservation fees 2,391,910 2,256,987 2,413,719 2,617,452 2,389,953 2,213,303 2,611,075 2,440,045 2,371,100 2,330,231 Other revenues 924,314 916,789 1,528,588 906,925 1,625,979 1,024,407 803,723 769,638 710,740 714,965 Interest income 725,801 426,923 (830,161) (1,211) 887,772 758,457 - 11,020 203,857 124,593 Total Revenues 22,662,332 19,958,764 18,685,774 22,302,975 21,106,530 18,277,613 19,455,685 18,169,405 16,943,438 16,213,273 Expenses: Personnel 3,616,586 3,519,660 3,233,737 3,480,942 3,392,481 3,236,682 3,155,109 3,021,915 2,952,249 2,767,143 Operations & maintenance 5,109,857 5,037,212 4,414,647 4,133,238 4,288,975 3,445,511 3,838,409 4,719,579 5,059,998 4,530,436 CAP water costs 5,081,666 4,223,033 4,123,353 3,736,489 3,696,131 3,393,317 3,523,052 2,892,392 1,952,117 1,570,793 Total Expenses 13,808,109 12,779,905 11,771,737 11,350,669 11,377,587 10,075,510 10,516,570 10,633,886 9,964,364 8,868,372 Net water system revenues 8,854,223 7,178,859 6,914,037 10,952,306 9,728,943 8,202,103 8,939,115 7,535,519 6,979,074 7,344,901 Water supported debt service 2007 WIFA Loan - - - 2,198,236 306,657 310,866 311,000 311,130 311,256 311,377 2009 WIFA Loan - - - 1,310,973 147,425 149,175 149,226 149,275 149,322 149,367 2014 WIFA Loan 376,530 376,642 372,565 372,867 373,072 377,060 377,158 395,534 361,059 296,972 2005 Excise tax bonds - - - - - - - - - 152,516 2007 Excise tax bonds - - - - - - - 1,245,403 1,197,678 1,255,948 2012 Refunding bonds - 1,896,532 1,820,750 4,168,782 1,930,382 1,996,381 1,963,731 1,980,781 1,995,481 1,971,082 2013 Refunding bonds - - - - 1,010,000 1,024,645 1,024,073 1,033,428 1,022,420 1,046,558 2015 Refunding revenue obligations 149,356 148,640 148,678 148,666 149,924 152,339 150,259 25,101 17,116 - 2017 Refunding revenue obligations 1,621,774 1,622,426 1,623,122 1,623,896 1,624,758 1,658,306 235,873 - - - 2018 Excise tax revenue obligations 508,998 509,822 509,580 510,498 409,122 - - - - - 2021 Refunding revenue bonds 1,078,037 517,315 432,538 18,838 - - - - - - 2021 Refunding revenue bonds - - 24,778 11,081 - - - - - - Total water supported debt service $3,734,695 $5,071,377 $4,932,011 $10,363,837 $5,951,340 $5,668,772 $4,211,320 $5,140,652 $5,054,332 $5,183,820 Debt service coverage 2.37 1.42 1.40 1.06 1.63 1.45 2.12 1.47 1.38 1.42 2017 2016 20152022202120242023202020192018 Source: Town of Oro Valley Finance Department TOWN OF ORO VALLEY, ARIZONA DEMOGRAPHIC AND ECONOMIC STATISTICS LAST TEN FISCAL YEARS 139 Fiscal Year Per Capita Ended Personal Unemployment June 30,Population Income Rate 2015 42,259 1,728,773,431 40,909 5.2% 2016 43,565 1,817,844,597 41,727 5.3% 2017 43,781 1,863,394,821 42,562 4.6% 2018 44,517 1,932,614,654 43,413 4.8% 2019 45,184 2,014,980,480 44,595 4.9% 2020 46,044 2,128,752,252 46,233 8.6% 2021 47,070 2,213,843,310 47,033 5.5% 2022 48,222 2,349,424,062 48,721 3.4% 2023 48,906 2,612,118,366 53,411 4.1% 2024 49,111 2,874,319,497 58,527 3.4% Income Personal Source: U.S. Census Bureau, Arizona Commerce Authority, Arizona Employment statistics, and Pima Association of Governments TOWN OF ORO VALLEY, ARIZONA PRINCIPAL EMPLOYERS CURRENT FISCAL YEAR AND NINE YEARS PRIOR 140 Employer Employees Rank Employer Employees Rank Roche Tissue Diagnostics 1,800 1 Ventana Medical Systems 1,200 1 Oro Valley Hospital 700 2 Oro Valley Hospital 672 2 Simpleview 450 3 Town of Oro Valley 478 3 Town of Oro Valley 449 4 Amphitheater Public Schools 449 4 Amphitheater Public Schools 439 5 El Conquistador Tucson 337 5 Walmart 338 6 Fry's Food & Drug 272 6 El Conquistador Tucson 294 7 Walmart 226 7 Splendido at Rancho Vistoso 200 8 Splendido at Rancho Vistoso 185 8 Fry's Food & Drug 182 9 Securaplane 174 9 Casa de la Luz Hospice 155 10 Home Depot 143 10 , 5,007 Total 4,136 June 30, 2015June 30, 2024 Source: Town of Oro Valley Finance Department TOWN OF ORO VALLEY, ARIZONA FULL-TIME EQUIVALENT EMPLOYEES BY FUNCTION LAST TEN FISCAL YEARS 141 Function/Program 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Administration Town Clerk 3.96 3.73 4.73 4.73 4.73 4.73 4.69 4.54 4.56 4.56 Town Manager 11.38 10.38 8.38 8.38 10.38 10.38 7.38 7.38 7.38 8.00 Human Resources 4.00 4.00 4.00 4.00 4.00 4.00 3.48 3.48 3.50 3.50 Economic Development 1.00 1.00 1.00 1.00 1.00 1.00 3.00 3.00 3.00 2.00 Finance 6.20 7.20 8.20 7.20 8.00 8.00 7.00 7.00 7.00 7.00 Information Systems 18.80 16.80 15.80 13.80 9.00 9.00 8.00 7.00 7.00 7.00 Legal 7.00 7.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 Development & Infrastructure Services 27.78 27.78 26.78 26.78 27.38 27.38 26.88 103.63 83.76 81.45 Parks & Recreation 68.56 67.08 63.06 63.10 63.10 63.10 60.78 48.02 49.36 36.20 Cultural Resources - - - - - - - - 0.20 - Police Civilians 31.73 31.73 30.73 30.25 31.25 31.25 30.25 31.25 30.25 30.25 Officers 107.00 107.00 104.00 106.88 106.88 101.88 104.88 101.88 102.88 102.88 Town Court 9.46 8.98 8.50 8.48 8.48 8.00 8.00 8.00 8.00 8.00 Public Works 76.30 75.71 71.37 70.89 70.29 70.29 65.79 - - - Water Utility 40.48 40.48 40.48 40.48 39.48 39.48 39.48 39.48 38.48 37.48 Total 413.65 408.87 393.03 391.97 389.97 384.49 375.61 370.66 351.37 334.32 Source: Town of Oro Valley Finance Department TOWN OF ORO VALLEY, ARIZONA WATER UTILITY REVENUES BY USER TYPE LAST TEN FISCAL YEARS 142 Fiscal Year Ended June 30, 2015 $7,649,136 $779,877 $981,545 $214,848 $271,815 $- $115,955 $1,267,093 $11,280,269 2016 8,103,644 778,915 1,129,741 50,479 310,609 - 114,427 1,530,107 12,017,922 2017 8,416,714 814,041 1,170,946 51,373 224,532 8,733 104,880 1,702,338 12,493,557 2018 8,990,121 860,124 1,371,555 61,504 520,324 13,735 103,126 1,666,178 13,586,667 2019 8,849,732 856,941 1,087,648 69,363 302,780 9,627 69,091 1,168,322 12,413,504 2020 9,798,411 925,233 1,193,423 65,007 345,149 8,787 85,600 1,343,092 13,764,702 2021 10,394,919 902,536 1,513,518 65,537 228,950 8,575 65,356 1,499,862 14,679,253 2022 10,287,598 974,823 1,322,881 66,053 378,582 8,682 100,890 1,267,033 14,406,542 2023 10,552,884 1,034,275 1,298,563 82,649 297,443 41,631 82,598 1,149,640 14,539,682 2024 11,658,979 1,101,693 1,771,471 137,029 147,152 16,566 126,185 1,293,827 16,252,902 TotalResidentialCommercialIrrigation Irrigation Reclaimed Construction Construction Reclaimed Turf Turf Reclaimed Source: Town of Oro Valley Water Utility Department TOWN OF ORO VALLEY, ARIZONA OPERATING INDICATORS BY FUNCTION LAST TEN FISCAL YEARS 143 Function/Program 2023 2022 2021 2020 2019 2018 2017 2016 2015 Police Burglaries 51 32 49 41 42 50 77 71 85 77 Citations (traffic)2,606 2,752 2,987 3,516 2,681 3,117 2,992 3,446 3,890 4,486 Investigations 860 928 977 1,164 932 963 915 818 824 832 Total arrests 1,693 1,359 1,385 1,438 1,251 1,488 1,786 1,458 1,598 1,721 Thefts 555 529 544 534 501 504 567 493 586 500 Development & Infrastructure Services Street resurfacing (miles)74 71 69 54 51 88 44 89 92 101 Parks & Recreation Recreation programs held annually 155 112 97 45 105 96 73 55 52 38 Months of public pool operations 12 11 12 11 12 12 12 12 12 12 Parks maintenance staff hours worked 25,912 21,145 19,677 18,720 18,220 18,311 17,842 15,463 15,083 16,255 Water New connections 198 186 183 505 273 264 331 340 176 202 Total connections 21,498 21,300 21,149 20,966 20,461 20,188 19,924 19,588 19,355 19,179 Transit Total route miles 654,173 625,554 593,117 350,248 455,777 454,277 468,346 568,657 529,170 392,071 Passengers 66,768 61,447 56,001 28,686 39,902 47,847 49,474 51,131 45,202 39,102 2024 Source: Town of Oro Valley Finance Department TOWN OF ORO VALLEY, ARIZONA WATER RATES LAST TEN FISCAL YEARS 144 Fiscal Year Ended June 30, 2015 14.19 2.27 3.10 4.23 5.76 0.90 14.19 2016 14.19 2.32 3.19 4.40 6.05 0.90 14.19 2017 14.62 2.34 3.25 4.53 6.29 0.90 14.62 2018 16.45 2.34 3.25 4.53 6.29 0.90 14.62 2019 18.26 2.34 3.25 4.53 6.29 0.90 14.62 2020 18.26 2.34 3.25 4.53 6.29 0.90 14.62 2021 18.26 2.34 3.25 4.53 6.29 0.90 14.62 2022 18.99 2.40 3.35 4.80 6.70 0.90 14.62 2023 19.94 2.52 3.52 5.04 7.04 0.90 14.62 2024 21.14 2.65 3.88 6.05 8.80 0.90 14.62 Reclaimed WaterPotable Water Tier 3 Per 1,000 Tier 4 Per 1,000 GPF Per 1,000 Base Rate Monthly Tier 1 Per 1,000 Tier 2 Per 1,000 Base Rate Monthly Source: Town of Oro Valley Water Utility Department TOWN OF ORO VALLEY, ARIZONA CAPITAL ASSET STATISTICS BY FUNCTION LAST TEN FISCAL YEARS 145 Function/Program 2023 2022 2021 2020 2019 2018 2017 2016 2015 Police Stations 1 1 1 1 1 1 1 1 1 1 Substations 3 3 3 3 3 3 3 3 3 3 Patrol units 83 79 81 84 84 78 78 72 77 74 Other fleet 64 66 57 41 42 46 65 67 44 45 Development & Infrastructure Services Streets (miles)439 431 430 421 421 421 421 421 421 421 Streetlights 104 103 95 95 95 95 95 95 95 95 Traffic signals 22 22 22 22 22 22 22 19 19 19 Parks & Recreation Acreage 651 651 449 449 449 449 449 448 448 448 Playgrounds 3 3 3 3 3 2 2 2 2 2 Baseball/softball diamonds 7 7 7 7 7 7 7 7 7 7 Community centers 1 1 1 1 1 1 1 1 1 1 Golf course holes 45 45 45 36 45 45 45 45 45 45 Tennis courts 31 31 31 31 32 32 32 32 32 32 Swimming pools 2 2 2 2 2 3 4 4 4 4 Water Number of Wells 18 18 18 18 18 19 20 20 20 20 Reservoir Storage Capacity 11 11 11 11 11 11 11 11 12 12 Number of Booster Stations 26 26 26 26 26 26 26 26 27 27 Transit Transit vans 4 5 6 6 7 7 7 4 4 7 Transit mini buses 26 24 24 23 21 21 21 22 22 19 2024 Source: Town of Oro Valley Finance Department 146 (This page intentionally left blank) Town of Oro Valley Report on Federal Awards June 30, 2024 Town of Oro Valley Table of Contents June 30, 2024 Page Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 1 Report on Compliance for Each Major Federal Program;Report on Internal Control Over Compliance; and Report on the Schedule of Expenditures of Federal Awards Required by the Uniform Guidance 3 Schedule of Expenditures of Federal Awards 6 Notes to Schedule of Expenditures of Federal Awards 7 Schedule of Findings and Questioned Costs 8 Corrective Action Plan 10 Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms. Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards Independent Auditors' Report To the Honorable Mayor and Town Council of Town of Oro Valley We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards), the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Town of Oro Valley (the Town), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the Town's basic financial statements, and have issued our report thereon dated December 12, 2024. Report on Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Town's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Town's internal control. Accordingly, we do not express an opinion on the effectiveness of the Town's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified. 1 Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the Town's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of This Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Tempe, Arizona December 12, 2024 2 Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms. Report on Compliance for Each Major Federal Program; Report on Internal Control Over Compliance; and Report on the Schedule of Expenditures of Federal Awards Required by the Uniform Guidance Independent Auditors' Report To the Honorable Mayor and Town Council of Town of Oro Valley Report on Compliance for Each Major Federal Program Opinion on Each Major Federal Program We have audited the Town of Oro Valley's (the Town) compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the Town's major federal programs for the year ended June 30, 2024. The Town's major federal programs are identified in the summary of auditors' results section of the accompanying schedule of findings and questioned costs. In our opinion, the Town complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2024. Basis for Opinion on Each Major Federal Program We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (GAAS); the standards applicable to financial audits contained in Government Auditing Standards,issued by the Comptroller General of the United States (Government Auditing Standards); and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditors'Responsibilities for the Audit of Compliance section of our report. We are required to be independent of the Town and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. W e believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit does not provide a legal determination of the Town's compliance with the compliance requirements referred to above. Responsibilities of Management for Compliance Management is responsible for compliance with the requirements referred to above and for the design, implementation and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the Town's federal programs. 3 Auditors' Responsibilities for the Audit of Compliance Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the Town's compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material, if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the Town's compliance with the requirements of each major federal program as a whole. In performing an audit in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance, we: Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the Town's compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances. Obtain an understanding of the Town's internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the Town's internal control over compliance. Accordingly, no such opinion is expressed. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit. Other Matters The results of our auditing procedures disclosed an instance of noncompliance, which is required to be reported in accordance with the Uniform Guidance and which is described in the accompanying schedule of findings and questioned costs as item 2024-001. Our opinion on each major federal program is not modified with respect to this matter. Government Auditing Standards requires the auditor to perform limited procedures on the Town's response to the noncompliance finding identified in our compliance audit described in the accompanying schedule of findings and questioned costs. The Town's response was not subjected to the other auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response. The Town is responsible for preparing a corrective action plan to address each audit finding included in our auditor's report. The Town's corrective action plan was not subjected to the auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on it. Report on Internal Control Over Compliance Our consideration of internal control over compliance was for the limited purpose described in the Auditors' Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance and therefore, material weaknesses or significant deficiencies may exist that were not identified. W e did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, as discussed below, we did identify a deficiency in internal control over compliance that we consider to be a significant deficiency. 4 A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. W e consider the deficiency in internal control over compliance described in the accompanying schedule of findings and questioned costs as item 2024-001, to be a significant deficiency. Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed. Government Auditing Standards requires the auditor to perform limited procedures the Town's response to the internal control over compliance finding identified in our compliance audit described in the accompanying schedule of findings and questioned costs. The Town's response was not subjected to the auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response. The Town is responsible for preparing a corrective action plan to address each audit finding included in our auditor's report. The Town's corrective action plan was not subjected to the auditing procedures applied in the audit of the compliance and, accordingly, we express no opinion on it. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Town as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the Town's basic financial statements. W e issued our report thereon dated December 12, 2024, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the basic financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the basic financial statements as a whole. Tempe, Arizona December 12, 2024 5 Assistance Pass-Through Federal Grantor/Listing Pass-Through Agency Grant Federal Program Title Number Agency Number Expenditures Federal Programs U.S. Department of Transportation Federal Transit Cluster: Federal Transit Formula Grants 20.507 N/A N/A 318,996$ Total Federal Transit Cluster 318,996 Transit Services Program Cluster: Enhanced Mobility of Seniors and Individuals with Disabilities 20.513 Governor's Office of Highway Safety ADOT 5310 -GRT-21-0008317-T 537,235 Total Transit Services Program Cluster 537,235 Highway Safety Cluster: National Priority Safety Programs 20.616 Governor's Office of Highway Safety 2023-PTS-040, 2023-AL-022, 2024- AL-023, 2024-PTS-039, 2024-AI- 013 82,609 Total Highway Safety Cluster 82,609 Total U.S. Department of Transportation 938,840 U.S. Department of Justice Bulletproof Vest Partnership Program:16.607 Bureau of Justice Assistance OMB #1121-0235 22,313 Total U.S. Department of Justice 22,313 Executive Office of the President, Office of National Drug Control Policy High Intensity Drug Trafficking Areas Program 95.001 City of Tucson and Pima County G23SA0007A, G24SA0007A 97,611 Total Executive Office of the President, Office of National Drug Control Policy 97,611 U.S. Department of Interior Outdoor Recreation Acquisition, Development and Planning 15.916 Department of Parks, Arizona P23AP01894-00, 04-00793 1,000,000 * Total U.S. Department of Interior 1,000,000 U.S. Department of Justice Homeland Security Grant Program:97.067 Arizona Department of Homeland Security 220432-02, 210436-01, 220432-01 88,385 United States Secret Service 97.UO1 N/A N/A 5,500 Total U.S. Department of Justice 93,885 U.S. Department of Treasury COVID-19 - State and Local Fiscal Recovery Fund 21.027 N/A AZ-0035 1,572,125 * Total U.S. Department of Treasury 1,572,125 Total federal programs 3,724,774$ * Denotes major program tested Town of Oro Valley Schedule of Expenditures of Federal Awards Year Ended June 30, 2024 See notes to schedule of expenditures of federal awards 6 Town of Oro Valley Notes to Schedule of Expenditures of Federal Awards June 30, 2024 7 1.Basis of Presentation The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Town under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Town of Oro Valley, Arizona, it is not intended to and does not present the financial position, changes in net position or cash flows of the Town of Oro Valley, Arizona. 2.Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual or modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The underlying accounting records for some grant programs are maintained on the modified accrual basis of accounting. Under the modified accrual basis, revenues are recorded when susceptible to accrual, i.e., both measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recorded when the liability is incurred. The accounting records for other grant programs are maintained on the accrual basis, i.e., when the revenue has been earned and the liability is incurred. 3.Indirect Cost Rate The Town of Oro Valley has not elected to use the 10% de minimis indirect cost rate. Town of Oro Valley Schedule of Findings and Questioned Costs Year Ended June 30, 2024 8 Section I -Summary of Auditors'Results Financial Statements Type of report the auditors issued on whether the financial statements audited were prepared in accordance with GAAP:Unmodified Internal control over financial reporting: Material weakness(es) identified?yes X no Significant deficiency(ies) identified?yes X none reported Noncompliance material to financial statements noted?yes X no Federal Awards Internal control over major federal programs: Material weakness(es) identified?yes X no Significant deficiency(ies) identified?X yes none reported Type of auditors'report issued on compliance for major federal programs: Unmodified Any audit findings disclosed that are required to be reported in accordance with Section 2 CFR 200.516(a) of the Uniform Guidance?yes X no Auditee qualified as low-risk auditee?X yes no Dollar threshold used to distinguish between Type A and Type B programs:$750,000 Identification of major federal programs: Assistance Listing Number Name of Federal Program or Cluster 21.027 COVID-19 -State and Local Fiscal Recovery Fund 15.916 Outdoor Recreation Acquisition, Development and Planning Section II -Financial Statement Findings Required to be Reported in Accordance With Government Auditing Standards None noted. Town of Oro Valley Schedule of Findings and Questioned Costs Year Ended June 30, 2024 9 Section III -Federal Awards Findings and Questioned Costs Program: Assistance Listing No.: 15.916 Federal program title: Outdoor Recreation Acquisition, Development and Planning. Award No.: P23AP01894/04-00793 Award Year: 2024 Name of pass-through entity, when applicable: Arizona State Parks and Trails Finding 2024-001: Significant Deficiency -Maintenance and Recording of Federally Purchased Capital Assets Criteria:Per 2 CFR § 200.313 (Uniform Guidance) for managing federally funded property,recipients must: maintain records of capital assets purchased with federal funds including detailed descriptions, serial numbers, acquisition dates, and funding sources. The recipients must also perform physical inventories at least every two years to ensure assets are accounted for, and establish internal controls to safeguard assets from loss, damage, or unauthorized use. Condition:During the audit, we noted that the Town did not segregate capital assets acquired utilizing federal funds in its capital asset software, including records of asset locations and condition. Since federally funded capital assets were not separately tracked in the capital asset system, we were unable to determine which disposals during the current year, if any were federally purchased assets. Lastly, the Town did not maintain records of any federally purchased asset inventory counts completed during the last two years. Cause:The Town lacked sufficient internal controls and formalized procedures to track federally funded assets. Effect or Potential Effect:Inadequate records increase the risk of asset misappropriation, misuse or loss. Failure to account for disposals could lead to questioned costs during federal audits.Sale of federally purchased assets could result in a gain and the requirement for the Town to perform program income procedures with the pass-through entity or the related federal agency. Recommendation:We recommend the Town update their capital asset tracking schedule to include information on which assets are purchased using federal funds. Furthermore, we suggest the Town begin to keep records of any inventory count taken and begin scheduling inventory counts to be completed at least once every two years. Management's Response:Management concurs with the finding and has already begun taking steps to address the issue. They plan on updating their capital asset tracking module to include documentation of federally purchased assets. Additionally, the Town is in the process of scheduling inventory counts to be completed at least once every two years, and to maintain documentation of any inventory count completed. See corrective action plan. Baker Tilly US, LLP, trading as Baker Tilly, is a member of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. © 2023 Baker Tilly US, LLP. Reporting and insights from 2024 audit: Town of Oro Valley, Arizona June 30, 2024 2 Executive summary We have completed our audit of the financial statements of the Town of Oro Valley for the year ended June 30, 2024 and have issued our report thereon dated December 12, 2024. • Financial Statement Audit Report • Unqualified opinion • Government Auditing Standards Compliance Report • No instances of noncompliance or other matters • No identified material weaknesses • Federal Grants Single Audit Report • Major Program – COVID-19 State and Local Fiscal Recovery Fund and Outdoor Recreation Acquisition, Development and Planning • Significant deficiency- Maintenance and Recording of Federally Purchased Capital Assets This presentation supplements our letter to governance dated December 12, 2024 as required by our professional standards. 3 Our responsibilities As your independent auditor, our responsibilities include: • Planning and performing the audit to obtain reasonable assurance about whether the basic financial statements are free from material misstatement. Reasonable assurance is a high level of assurance, but not an absolute level of assurance. • Assessing the risks of material misstatement of the basic financial statements whether due to fraud or error. Included in that assessment is a consideration of the Town’s internal control over financial reporting • Performing appropriate procedures based upon our risk assessment • Evaluating the appropriateness of the accounting policies used and the reasonableness of significant accounting estimates made by management • Forming and expressing an opinion based on our audit about whether the basic financial statements prepared by management, with the oversight of those charged with governance: • Are free from material misstatement • Present fairly in all material respects and in accordance with accounting principles generally accepted in the United States of America • -Performing tests related to compliance with certain provisions of laws, regulations, contracts and grants, as required by Government Auditing Standards • Our audit of the basic financial statements does not relieve management or those charged with governance of their responsibilities. 4 Our responsibilities We are also required to communicate significant matters related to our audit that are relevant to the responsibilities of those charged with governance including: • Internal control matters – Various controls have been tested with no reportable findings. • Qualitative aspects of the Town’s accounting practice including policies, accounting estimates and financial statement disclosures – This can be found on Note 1 of the financial statements • Significant unusual transactions – All significant and unusual transactions have been audited with no reportable issues. • Significant difficulties encountered – No difficulties to report • Disagreements with management – No disagreements to report • Circumstances that affect the form and content of the auditors' report and key audit matters – None noted • - Audit consultations outside the engagement team – None noted • Corrected and uncorrected misstatements – No misstatements identified • Other audit findings or issues – Federal Program- Significant deficiency- Maintenance and Recording of Federally Purchased Capital Assets 5 Required communications Management’s consultations with other accountants • In some cases, management may decide to consult with other accountants about auditing and accounting matters. • Management informed us that and to our knowledge, there were no consultations with other accountants regarding auditing or accounting matters. Compliance with laws and regulations We did not identify any non-compliance with laws and regulations during our audit. Fraud We did not identify any instances of known or suspected fraud during our audit. Going concern Pursuant to professional standards, we are required to communicate to you, when applicable, certain matters relating to our evaluation of the Town’s ability to continue as a going concern for a reasonable period of time but no less than 12 months from the date of the basic financial statements including the effects on the basic financial statements and the adequacy of the related disclosures and the effects on the auditor's report. No such matters or conditions have come to our attention during our engagement. Related parties We did not have any significant findings or issues arise during the audit in connection with the Town’s related parties. 6 Nonattest services The following nonattest services were provided by Baker Tilly: • Preparation of the Data Collection Form on the Federal Clearinghouse website None of these nonattest services constitute an audit under generally accepted auditing standards, including Government Auditing Standards. 7 Communications with Town Council and Management • Expenditure Limitation Report • Town was $22.5 million dollars under the Home Rule Expenditure Limitation • Issued to the Arizona State Auditor General timely Voter-Approved Expenditure Limitation $148,489,391 Town Expenditures Subject to Limitation 125,971,234 Amount under the expenditure Limitation $ 22,518,157 • Single Audit • Town expended $3,724,774 of federal funds in Fiscal Year 2024 • Major programs were: • COVID-19 State and Local Fiscal Recovery Fund and Outdoor Recreation Acquisition, Development and Planning • Town received an unmodified opinion on the federal single audit. 8 Questions? Brian Hemmerle, CPA, CFE Partner E: Brian.Hemmerle@bakertilly.com Baker Tilly US, LLP, trading as Baker Tilly, is a member of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. © 2022 Baker Tilly US, LLP Reporting and insights from 2024 audit: Town of Oro Valley June 30, 2024 THIS COMMUNICATION IS INTENDED SOLELY FOR THE INFORMATION AND USE OF THOSE CHARGED WITH GOVERNANCE, AND, IF APPROPRIATE, MANAGEMENT, AND IS NOT INTENDED TO BE AND SHOULD NOT BE USED BY ANYONE OTHER THAN THESE SPECIFIED PARTIES. BAKER TILLY US, LLP, TRADING AS BAKER TILLY, IS A MEMBER OF THE GLOBAL NETWORK OF BAKER TILLY INTERNATIONAL LTD., THE MEMBERS OF WHICH ARE SEPARATE AND INDEPENDENT LEGAL ENTITIES. Executive summary December 12, 2024 The Honorable Mayor and City Council Town of Oro Valley Oro Valley, Arizona We have completed our audit of the financial statements of the Town of Oro Valley for the year ended June 30, 2024, and have issued our report thereon dated December 12, 2024. This letter presents communications required by our professional standards. Your audit should provide you with confidence in your financial statements. The audit was performed based on information obtained from meetings with management, data from your systems, knowledge of your Town’s operating environment and our risk assessment procedures. We strive to provide you clear, concise communication throughout the audit process and of the final results of our audit. Additionally, we have included information on key risk areas of the Town of Oro Valley should be aware of in your strategic planning. We are available to discuss these risks as they relate to your organization’s financial stability and future planning. If you have questions at any point, please connect with us:  Engagement Principal, Brian Hemmerle: Brian.Hemmerle@bakertilly.com or +1 480 752 4307  Senior Manager, Cailee Lewis: Cailee.Lewis@bakertilly.com or +1 480 752 4331 Sincerely, Baker Tilly US, LLP Brian Hemmerle, CPA Principal © 2024 Baker Tilly US, LLP Page | 3 Responsibilities Our responsibilities As your independent auditor, our responsibilities include:  Planning and performing the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. Reasonable assurance is a high level of assurance.  Assessing the risks of material misstatement of the financial statements, whether due to fraud or error. Included in that assessment is a consideration of the Town’s internal control over financial reporting.  Performing appropriate procedures based upon our risk assessment.  Evaluating the appropriateness of the accounting policies used and the reasonableness of significant accounting estimates made by management.  Forming and expressing an opinion based on our audit about whether the financial statements prepared by management, with the oversight of those charged with governance:  Are free from material misstatement  Present fairly, in all material respects and in accordance with accounting principles generally accepted in the United States of America  Performing tests related to compliance with certain provisions of laws, regulations, contracts and grants, as required by Government Auditing Standards  Our audit does not relieve management or those charged with governance of their responsibilities. We are also required to communicate significant matters related to our audit that are relevant to the responsibilities of those charged with governance, including:  Internal control matters  Qualitative aspects of the Town’s accounting practice including policies, accounting estimates and financial statement disclosures  Significant unusual transactions  Significant difficulties encountered  Disagreements with management  Circumstances that affect the form and content of the auditors’ report and key audit matters  Audit consultations outside the engagement team  Corrected and uncorrected misstatements  Other audit findings or issues © 2024 Baker Tilly US, LLP Page | 4 Audit status Significant changes to the audit plan There were no significant changes made to either our planned audit strategy or to the significant risks and other areas of emphasis identified during the performance of our risk assessment procedures. Audit approach and results Planned scope and timing Audit focus Based on our understanding of the Town and environment in which you operate, we focused our audit on the following key areas:  Key transaction cycles  Areas with significant estimates  Implementation of new accounting standards Our areas of audit focus were informed by, among other things, our assessment of materiality. Materiality in the context of our audit was determined based on specific qualitative and quantitative factors combined with our expectations about the Town’s current year results. Key areas of focus and significant findings Significant risks of material misstatement A significant risk is an identified and assessed risk of material misstatement that, in the auditor’s professional judgment, requires special audit consideration. Within our audit, we focused on the following areas below. Significant risk areas Testing approach Conclusion Management override of controls Incorporate unpredictability into audit procedures, emphasize professional skepticism and utilize audit team with industry expertise Procedures identified provided sufficient evidence for our audit opinion Utility Receivables Reconcile utility receivables from the new utility billing software to the financial software of the Town. Procedures identified provided sufficient evidence for our audit opinion Valuation of depreciation expense We recalculated depreciation expense for each asset. Procedures identified provided sufficient evidence for our audit opinion © 2024 Baker Tilly US, LLP Page | 5 Other areas of emphasis We also focused on other areas that did not meet the definition of a significant risk, but were determined to require specific awareness and a unique audit response. Other areas of emphasis Cash and investments Revenues and receivables General disbursements Payroll Pension and OPEB liabilities and assets Long-term debt, Software based IT arrangements Capital assets including infrastructure Net position calculations Financial reporting and required disclosures Internal control matters We considered the Town’s internal control over financial reporting as a basis for designing our audit procedures for the purpose of expressing an opinion on the financial statements. We are not expressing an opinion on the effectiveness of the Town’s internal control. Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and, therefore, material weaknesses or significant deficiencies may exist that were not identified. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency or combination of deficiencies in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. We identified the following deficiencies as significant deficiencies: Maintenance and Recording of Federally Purchased Capital Assets During the audit, we noted that the Town did not segregate capital assets acquired utilizing federal funds in its capital asset software, including records of asset locations and condition. Since federally funded capital assets were not separately tracked in the capital asset system, we were unable to determine which disposals during the current year, if any were federally purchased assets. Lastly, the Town did not maintain records of any federally purchased asset inventory counts completed during the last two years. Management concurs with the finding and has already begun taking steps to address the issue. They plan on updating their capital asset tracking module to include documentation of federally purchased assets. Additionally, the Town is in the process of scheduling inventory counts to be completed at least once every two years, and to maintain documentation of any inventory count completed. © 2024 Baker Tilly US, LLP Page | 6 Required communications Qualitative aspect of accounting practices  Accounting policies: Management is responsible for the selection and use of appropriate accounting policies. In accordance with the terms of our engagement letter, we have advised management about the appropriateness of accounting policies and their application. The significant accounting policies used by the Town are described in Note 1 to the financial statements. As described in Note 1, the Town implemented the provisions of GASB Statement No. 96, Subscription-Based Information Technology Arrangements in 2024. We noted no transactions entered into by the Town during the year for which accounting policies are controversial or for which there is a lack of authoritative guidance or consensus or diversity in practice.  Accounting estimates: Accounting estimates, including fair value estimates, are an integral part of the financial statements prepared by management and are based on management's knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements, the degree of subjectivity involved in their development and because of the possibility that future events affecting them may differ significantly from those expected. The following estimates are of most significance to the financial statements: Estimate Management’s process to determine Baker Tilly’s conclusions regarding reasonableness Net/Total pension/OPEB assets/liabilities and related deferrals Key assumptions set by management with the assistance of a third party actuary provided by the State of Arizona. Reasonable in relation to the financial statements as a whole Depreciation/Amortization Evaluate estimated useful life of the asset and original acquisition value Reasonable in relation to the financial statements as a whole There have been no significant changes made by management to either the processes used to develop the particularly sensitive accounting estimates, or to the significant assumptions used to develop the estimates, noted above.  Financial statement disclosures: The disclosures in the financial statements are neutral, consistent and clear. Significant unusual transactions There have been no significant transactions that are outside the normal course of business for the Town or that otherwise appear to be unusual due to their timing, size or nature. Significant difficulties encountered during the audit We encountered no significant difficulties in dealing with management and completing our audit. © 2024 Baker Tilly US, LLP Page | 7 Disagreements with management Professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter that could be significant to the basic financial statements or the auditors' report. We are pleased to report that no such disagreements arose during the course of our audit. Audit report There have been no departures from the auditors’ standard report. Audit consultations outside the engagement team We encountered no difficult or contentious matters for which we consulted outside of the engagement team. Uncorrected misstatements and corrected misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. There were no misstatements identified, however there were client entries from Town management provided and recorded after receiving the audit ready trial balance. We did not find this to be a material modification to our audit objectives or planned scopes. Other audit findings or issues We encountered no other audit findings or issues that require communication at this time. We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the Town’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. Management’s consultations with other accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing or accounting matters. Written communications between management and Baker Tilly The attachments include copies of other material written communications, including a copy of the management representation letter. Compliance with laws and regulations We did not identify any non-compliance with laws and regulations during our audit. Fraud Although fraud may exist at the Town, during the course of our audit we did not identify any known or suspected fraud. Going concern Pursuant to professional standards, we are required to communicate to you, when applicable, certain matters relating to our evaluation of the Town’s ability to continue as a going concern for a reasonable period of time but no less than 12 months from the date of the financial statements, including the effects © 2024 Baker Tilly US, LLP Page | 8 on the financial statements and the adequacy of the related disclosures, and the effects on the auditor's report. No such matters or conditions have come to our attention during our engagement. Independence We are not aware of any relationships between Baker Tilly and the Town that, in our professional judgment, may reasonably be thought to bear on our independence. Related parties We did not have any significant findings or issues arise during the audit in connection with the Town’s related parties. Other matters We applied certain limited procedures to the required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the supplementary information which accompanies the financial statements but is not RSI. With respect to the supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We were not engaged to report on the other information, which accompanies the financial statements but are not RSI. We did not audit or perform other procedures on this other information, and we do not express an opinion or provide any assurance on it. Nonattest services The following nonattest services were provided by Baker Tilly:  Adjusting journal entries  Aiding the Town with submitting grant information to the Federal Audit Clearinghouse In addition, we prepared GASB No. 34 conversion entries which are summarized in the “Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position” and the “Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities” in the financial statements. None of these nonattest services constitute an audit under generally accepted auditing standards, including Government Auditing Standards. © 2024 Baker Tilly US, LLP Page | 9 Audit committee resources Visit our resource page for regulatory updates, trending challenges and opportunities in your industry and other timely updates. Visit the resource page at https://www.bakertilly.com/insights/audit-committee-resource-page. December 12, 2024 Baker Tilly US, LLP 2055 E Warner Road, Suite 101 Tempe, Arizona 85284 Dear Baker Tilly US, LLP: We are providing this letter in connection with your audit of the financial statements of the Town of Oro Valley as of June 30, 2024 and for the year then ended for the purpose of expressing opinions as to whether the financial statements present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Town of Oro Valley and the respective changes in financial position and cash flows, where applicable, in conformity with accounting principles generally accepted in the United States of America (GAAP). We confirm that we are responsible for the fair presentation of the previously mentioned financial statements in conformity with accounting principles generally accepted in the United States of America. We are also responsible for adopting sound accounting policies, establishing and maintaining internal control over financial reporting, and preventing and detecting fraud. Certain representations in this letter are described as being limited to matters that are material. Items are considered material, regardless of size, if they involve an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would be changed or influenced by the omission or misstatement. An omission or misstatement that is monetarily small in amount could be considered material as a result of qualitative factors. We confirm, to the best of our knowledge and belief, the following representations made to you during your audit. Financial Statements 1) We have fulfilled our responsibilities, as set out in the terms of the audit engagement letter dated May 22, 2024, including our responsibility for the preparation and fair presentation of the financial statements in accordance with U.S. GAAP. 2) The financial statements referred to above are fairly presented in conformity with accounting principles generally accepted in the United States of America. The financial statements include all properly classified funds of the primary government required by accounting principles generally accepted in the United States of America to be included in the financial reporting entity. 3) We acknowledge our responsibility for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. 4) We acknowledge our responsibility for the design, implementation, and maintenance of internal control to prevent and detect fraud. 5) Significant assumptions we used in making accounting estimates, including those measured at fair value, if any, are reasonable in accordance with U.S. GAAP. 6) Related party relationships and transactions, including revenues, expenditures/expenses, loans, transfers, leasing arrangements, and guarantees, and amounts receivable from or payable to related parties have been appropriately accounted for and disclosed in accordance with the requirements of accounting principles generally accepted in the United States of America. Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Baker Tilly US, LLP Page 2 7) All events subsequent to the date of the financial statements and for which accounting principles generally accepted in the United States of America require adjustment or disclosure have been adjusted or disclosed. No other events, including instances of noncompliance, have occurred subsequent to the financial statement date and through the date of this letter that would require adjustment to or disclosure in the aforementioned financial statements or in the schedule of findings and questioned costs. 8) All material transactions have been recorded in the accounting records and are reflected in the financial statements and the schedule of expenditures of federal and state awards. 9) All known audit and bookkeeping adjustments have been included in our financial statements, and we are in agreement with those adjustments. 10) We are in agreement with the adjusting journal entries you have proposed, and they have been posted to the appropriate accounts. 11) We are not aware of any known actual, possible, pending, or threatened litigation, claims, or assessments or unasserted claims or assessments that are required to be accrued or disclosed in the financial statements in accordance with accounting principles generally accepted in the United States of America, or which would affect federal or state award programs,and we have not consulted a lawyer concerning litigation, claims, or assessments. 12) Guarantees, whether written or oral, under which the Town is contingently liable, if any, have been properly recorded or disclosed. Information Provided 13) We have provided you with: a) Access to all information, of which we are aware, that is relevant to the preparation and fair presentation of the financial statements, such as financial records and related data, documentation, and other matters and all audit or relevant monitoring reports, if any, received from funding sources. b) Additional information that you have requested from us for the purpose of the audit. c) Unrestricted access to persons within the entity from whom you determined it necessary to obtain audit evidence. d) Minutes of the meetings of Town Council or summaries of actions of recent meetings for which minutes have not yet been prepared. 14) We have disclosed to you results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. 15) We have no knowledge of any fraud or suspected fraud that affects the entity and involves: a) Management, b) Employees who have significant roles in internal control, or c) Others where the fraud could have a material effect on the financial statements. 16) We have no knowledge of any allegations of fraud or suspected fraud affecting the entity received in communications from employees, former employees, regulators, or others. 17) We have no knowledge of known instances of noncompliance or suspected noncompliance with provisions of laws, regulations, contracts, or grant agreements, or abuse, whose effects should be considered when preparing financial statements. 18) We have disclosed to you the names of our related parties and all the related party relationships and transactions, including side agreements, of which we are aware. Other 19) There have been no communications from regulatory agencies concerning noncompliance with, or deficiencies in, financial reporting practices. 20) We have a process to track the status of audit findings and recommendations. 21) We have identified to you any previous financial audits, attestation engagements, and other studies related to the audit objectives and whether related recommendations have been implemented. Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Baker Tilly US, LLP Page 3 22) The Town has no plans or intentions that may materially affect the carrying value or classification of assets, deferred outflows of resources, liabilities, deferred inflows of resources or fund balance or net position. 23) We are responsible for compliance with federal, state, and local laws, regulations, and provisions of contracts and grant agreements applicable to us, including tax or debt limits, debt contracts, and IRS arbitrage regulations; and we have identified and disclosed to you all federal, state, and local laws, regulations and provisions of contracts and grant agreements that we believe have a direct and material effect on the determination of financial statement amounts or other financial data significant to the audit objectives, including legal and contractual provisions for reporting specific activities in separate funds. 24) There are no: a) Violations or possible violations of budget ordinances, federal, state, and local laws or regulations (including those pertaining to adopting, approving and amending budgets), provisions of contracts and grant agreements, tax or debt limits, and any related debt covenants whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency, or for reporting on noncompliance, except those already disclosed in the financial statement, if any. b) Other liabilities or gain or loss contingencies that are required to be accrued or disclosed by accounting principles generally accepted in the United States of America. c) Nonspendable, restricted, committed, or assigned fund balances that were not properly authorized and approved. d) Rates being charged to customers other than the rates as authorized by the applicable authoritative body. e) Violations of restrictions placed on revenues as a result of bond resolution covenants such as revenue distribution or debt service funding. 25) In regards to the nonattest services performed by you listed below, we acknowledge our responsibility related to these nonattest services and have 1) accepted all management responsibility; 2) designated an individual with suitable skill, knowledge, or experience to oversee the services; 3) evaluated the adequacy and results of the services performed, and 4) accepted responsibility for the results of the services. a) Adjusting journal entries b) SEFA preparation c) Preparation of auditee sections of the data collection form None of these nonattest services constitute an audit under generally accepted auditing standards, including Government Auditing Standards. 26) The Town of Oro Valley has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor has any asset been pledged as collateral. 27) The Town of Oro Valley has complied with all aspects of contractual agreements that would have a material effect on the financial statement in the event of noncompliance. 28) The financial statements include all component units as well as joint ventures with an equity interest, and properly disclose all other joint ventures and other related organizations, if any. Component units have been properly presented as either blended or discrete. 29) The financial statements properly classify all funds and activities. 30) All funds that meet the quantitative criteria in GASB Statement No. 34 and No. 37 for presentation as major are identified and presented as such and all other funds that are presented as major are particularly important to financial statement users. 31) Components of net position (net investment in capital assets; restricted; and unrestricted) and components of fund balance (nonspendable, restricted, committed, assigned and unassigned) are properly classified and, if applicable, approved. 32) The Town of Oro Valley has no derivative financial instruments such as contracts that could be assigned to someone else or net settled, interest rate swaps, collars or caps. 33) Provisions for uncollectible receivables, if any, have been properly identified and recorded. 34) Expenses have been appropriately classified in or allocated to functions and programs in the statement of activities, and allocations have been made on a reasonable basis. 35) Revenues are appropriately classified in the statement of activities within program revenues and general revenues. Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Baker Tilly US, LLP Page 4 36) Interfund, internal, and intra-entity activity and balances have been appropriately classified and reported. 37) Deposits and investments are properly classified, valued, and disclosed (including risk disclosures, collateralization agreements, valuation methods, and key inputs, as applicable). 38) Provision, when material, has been made to reduce excess or obsolete inventories to their estimated net realizable value. 39) Capital assets, including infrastructure and intangible assets, are properly capitalized, reported, and, if applicable, depreciated/amortized. Any known impairments have been recorded and disclosed. 40) Tax abatement agreements have been properly disclosed in the notes to the financial statements, including the names of all governments involved, the gross amount and specific taxes abated, and additional commitments. 41) Tax-exempt bonds issued have retained their tax-exempt status. 42) The operations and rate setting process meet the condition for application of accounting for regulated operations as outlined in GASB No. 62. All regulatory items included in the financial statements have been approved and are being accounted for in accordance with specific action taken by the regulatory body and as such the expectation of future recovery or refund is reasonable. 43) We have appropriately disclosed the Town of Oro Valley's policy regarding whether to first apply restricted or unrestricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position are available and have determined that net position were properly recognized under the policy. We have also disclosed our policy regarding which resources (that is, restricted, committed, assigned or unassigned) are considered to be spent first for expenditures for which more than one resource classification is available. 44) We are following our established accounting policy regarding which resources (that is, restricted, committed, assigned or unassigned) are considered to be spent first for expenditures for which more than one resource classification is available. That policy determines the fund balance classifications for financial reporting purposes. 45) We acknowledge our responsibility for the required supplementary information (RSI). The RSI is measured and presented within prescribed guidelines and the methods of measurement and presentation have not changed from those used in the prior period. We have disclosed to you any significant assumptions and interpretations underlying the measurement and presentation of the RSI. 46) With respect to the supplementary information, (SI): a) We acknowledge our responsibility for presenting the SI in accordance with accounting principles generally accepted in the United States of America, and we believe the SI, including its form and content, is fairly presented in accordance with accounting principles generally accepted in the United States of America. The methods of measurement and presentation of the SI have not changed from those used in the prior period, and we have disclosed to you any significant assumptions or interpretations underlying the measurement and presentation of the supplementary information. b) If the SI is not presented with the audited financial statements, we will make the audited financial statements readily available to the intended users of the supplementary information no later than the date we issue the supplementary information and the auditor's report thereon. 47) With respect to the Combining Fund Financial Statements and Budgetary Annual Financial Report, Other Supplementary Information of the Annual Comprehensive Financial Report, and the statement that fulfills the HURF requirement pursuant to Arizona Revised Statues Title 28, Chapter 18, Article 2: Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Baker Tilly US, LLP Page 5 a) We acknowledge our responsibility for presenting the Combining Fund Financial Statements and Budgetary Annual Financial Report and Other Supplementary Information of the Annual Comprehensive Financial Report in accordance with accounting principles generally accepted in the United States of America, and we believe the other information, including its form and content, is fairly presented in accordance with accounting principles generally accepted in the United States of America. We acknowledge our responsibility for presenting the other information (the statement that fulfills the HURF requirement pursuant to Arizona Revised Statues Titel 28, Chapter 18, Article 2) in accordance with constitutional requirements, and we believe the other information (the statement that fulfills the HURF requirement pursuant to Arizona Revised Statues Title 28, Chapter 18, Article 2), including its form and content, is fairly presented in accordance with its constitutional requirements. a) The methods of measurement and presentation of the other information listed above have not changed from those used in the prior period, and we have disclosed to you any significant assumptions or interpretations underlying the measurement and presentation of the other information. 48) We believe that the actuarial assumptions and methods used to measure pension liabilities and costs for financial accounting purposes are appropriate in the circumstances. 49) We believe that the actuarial assumptions and methods used to measure OPEB liabilities and costs for financial accounting purposes are appropriate in the circumstances. 50) We assume responsibility for, and agree with, the information provided by the Arizona Retirement Systems as audited by the State's auditors relating to the net pension asset/liability and related deferred outflows and deferred inflows and have adequately considered the reasonableness of the amounts and disclosures used in the financial statements and underlying accounting records. We also assume responsibility for the census data that has been reported to the plan. 51) We have evaluated and considered all potential tax abatements and believe all material tax abatements have been properly reported and disclosed. 52) We have implemented GASB Statement No. 84, Fiduciary Activities, and believe that all activities that meet the criteria for presentation as fiduciary activities have been identified and presented as such. In addition, we believe that all required disclosures and other accounting considerations have been identified and properly classified in the financial statements in compliance with the Standard. 53) We have implemented GASB Statement No. 87, Leases, and believe that all required disclosures and accounting considerations have been identified and properly classified in the financial statements in compliance with the Standard. 54) We have implemented GASB Statement No. 88, Certain Disclosures Related to Debt, including Direct Borrowings and Direct Placements, and believe that all direct borrowings, direct placements, lines of credit or debt default clauses have been identified and properly disclosed in the financial statements in compliance with the Standard. 55) We have reviewed our long-term debt agreements and believe that all terms related to significant events of default with finance-related consequences, termination events with finance-related consequences and subjective acceleration clauses have been properly identified and disclosed. 56) Unused lines of credit, collateral pledged to secure debt and direct borrowings and private placements have been properly identified and disclosed. 57) We have implemented GASB Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements, and believe that all required disclosures and accounting considerations have been identified and properly classified in the financial statements in compliance with the Standard. 58) We have implemented GASB Statement No. 96, Subscription-Based Information Technology Arrangements, and believe that all required disclosures and accounting considerations have been identified and properly classified in the financial statements in compliance with the Standard. 59) We have identified any leases or other contracts that are required to be reported as leases and are in agreement with the key assumptions used in the measurement of any lease related assets, liabilities or deferred inflows of resources. Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Baker Tilly US, LLP Page 6 60) We have reviewed existing contracts and determined there are no items requiring accounting or reporting as leases. 61) We have implemented GASB Statement No. 98, The Annual Comprehensive Financial Report, and believe that all required disclosures and accounting considerations have been identified and properly classified in the financial statements in compliance with the Standard. 62) We have implemented GASB Statement No. 99, Omnibus 2022, and believe that all required disclosures and accounting considerations have been identified and properly classified in the financial statements in compliance with the Standard. 63) We have implemented GASB Statement No. 100, Accounting Changes and Error Corrections, and believe that all required disclosures and accounting considerations have been identified and properly classified in the financial statements in compliance with the Standard. 64) We are responsible for the estimation methods and assumptions used in measuring assets and liabilities reported or disclosed at fair value, including information obtained from brokers, pricing services or third parties. Our valuation methodologies have been consistently applied from period to period. The fair value measurements reported or disclosed represent our best estimate of fair value as the measurement date in accordance with the requirements of GASB 72 – Fair Value Measurement. In addition our disclosures related to fair value measurements are consistent with the objectives outlined in GASB 72. We have evaluated the fair value information provided to us by brokers, pricing services or other parties that has been used in the financial statements and believe this information to be reliable and consistent with the requirements. 65) The auditing standards define an annual report as “a document, or combination of documents, typically prepared on an annual basis by management or those charged with governance in accordance with law, regulation, or custom, the purpose of which is to provide owners (or similar stakeholders) with information on the entity’s operations and the financial results and financial position as set out in the financial statements.” Among other items, an annual report contains, accompanies, or incorporates by reference the financial statements and the auditors’ report thereon. We confirm that we do not prepare and have no plans to prepare an annual report. 66) With respect to federal award programs: a) We are responsible for understanding and complying with and have complied with the requirements of the Single Audit Act Amendments of 1996, OMB's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), including requirements relating to preparation of the schedule of expenditures of federal awards (SEFA). b) We acknowledge our responsibility for preparing and presenting the SEFA and related disclosures in accordance with the requirements of the Uniform Guidance and we believe the SEFA, including its form and content, is fairly presented in accordance with the Uniform Guidance . The methods of measurement and presentation of the SEFA have not changed from those used in the prior period and we have disclosed to you any significant assumptions and interpretations underlying the measurement and presentation of the SEFA. c) If the SEFA is not presented with the audited financial statements, we will make the audited financial statements readily available to the intended users of the SEFA no later than the date we issue the SEFA and the auditors’ report thereon. d) We have identified and disclosed to you all of our government programs and related activities subject to the Uniform Guidance and included in the SEFA, expenditures made during the audit period for all awards provided by federal agencies in the form of grants, federal cost reimbursement contracts, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food commodities, direct appropriations, and other direct assistance. e) We are responsible for understanding and complying with, and have complied with the requirements of laws, regulations, and the provisions of contracts and grant agreements related to each of our federal programs and have identified and disclosed to you the requirements of laws, regulations, and the provisions of contracts and grant agreements that are considered to have a direct and material effect on each major federal program. Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Baker Tilly US, LLP Page 7 f) We are responsible for establishing and maintaining, and have established and maintained, effective internal control over compliance for federal programs that provide reasonable assurance that we are administering our federal awards in compliance with laws, regulations, and the provisions of contracts and grant agreements that could have a material effect on our federal programs. We believe the internal control system is adequate and is functioning as intended. Also, no changes have been made in the internal control over compliance or other factors to the date of this letter that might significantly affect internal control, including any corrective action taken with regard to control deficiencies reported in the schedule of findings and questioned costs. g) We have made available to you all contracts and grant agreements (including amendments, if any) and any other correspondence with federal agencies or pass-through entities relevant to the programs and related activities. h) We have received no requests from a federal agency to audit one or more specific programs as a major program. i) We have complied with the direct and material compliance requirements including when applicable, those set forth in the OMB Compliance Supplement relating to federal awards. j) We have disclosed any communications from grantors and pass-through entities concerning possible noncompliance with the direct and material compliance requirements, including communications received from the end of the period covered by the compliance audit to the date of the auditors’ report. k) We have disclosed to you the findings received and related corrective actions taken for previous audits, attestation agreements, and internal or external monitoring that directly relate to the objectives of the compliance audit, if any, including findings received and corrective actions taken from the end of the period covered by the compliance audit to the date of the auditors’ report. l) Amounts claimed or used for matching were determined in accordance with relevant guidelines in the Uniform Guidance. m) We have disclosed to you our interpretation of compliance requirements that may have varying interpretations. n) We have made available to you all documentation related to the compliance with the direct and material compliance requirements, including information related to federal program financial reports and claims for advances and reimbursements. o) We have disclosed to you the nature of any subsequent events that provide additional evidence about conditions that existed at the end of the reporting period affecting noncompliance during the reporting period. p) We are not aware of any instances of noncompliance with direct and material compliance requirements that occurred subsequent to the period covered by the auditors’ report. q) No changes have been made in internal control over compliance or other factors that might significantly affect internal control, including any corrective action we have taken regarding significant deficiencies or material weaknesses in internal control over compliance, subsequent to the date as of which compliance was audited. r) Federal program financial reports and claims for advances and reimbursements are supported by the books and records from which the financial statements have been prepared. s) The copies of federal program financial reports provided you are true copies of the reports submitted, or electronically transmitted, to the respective federal agency or pass-through entity, as applicable. t) We have monitored subrecipients to determine that they have expended pass-through assistance in accordance with applicable laws and regulations and have met the requirements of the Uniform Guidance . u) We have taken appropriate action, including issuing management decisions, on a timely basis after receipt of subrecipients’ auditors’ reports that identified noncompliance with laws, regulations, or the provisions of contracts or grant agreements to ensure that subrecipients have taken the appropriate and timely corrective action on findings. v) We have considered the results of subrecipient audits and made any necessary adjustments to our books and records. Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Baker Tilly US, LLP Page 8 w) We have charged costs to federal awards in accordance with applicable cost principles. x) We are responsible for and have accurately prepared the summary schedule of prior audit findings to include all findings required to be included by the Uniform Guidance and we have provided you with all information on the status of the follow-up on prior audit findings by federal awarding agencies and pass-through entities, including all management decisions. y) We are responsible for and have ensured the reporting package does not contain protected personally identifiable information. z) We are responsible for and have accurately prepared the auditee section of the Data Collection Form as required by the Uniform Guidance. aa) We are responsible for preparing and implementing a corrective action plan for each audit finding. Sincerely, Town of Oro Valley David Gephart Title Dated: December 12, 2024 Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Chief Financial Officer Town of Oro Valley 310 Year End: June 30, 2024 Completed by Reviewed by Reviewed by Normal adjusting journal entries MA28834 11/25/2024 Date: 7/1/2023 To 6/30/2024 Partner Review IR Number Date Type Name Account No Reference Annotation Debit Credit Recurrence Difference Misstatement CLIENT - 4 6/30/2024 N DEFERRED OUTFLOWS - PENSION 0605-00-000-000-00-1100 0605 129,274.00 CLIENT - 4 6/30/2024 N ASRS CONTRIBUTIONS PAYABLE 0605-00-000-000-00-2009 0605 64,856.00 CLIENT - 4 6/30/2024 N DEFERRED INFLOWS - PENSION 0605-00-000-000-00-2200 0605 4,812.00 CLIENT - 4 6/30/2024 N ASRS CONTRIBUTIONS 0605-08-810-101-10-5009 0605 69,230.00 CLIENT - 4 6/30/2024 N DEFERRED OUTFLOWS - PENSION 0610-00-000-000-00-1100 0610 24,825.00 CLIENT - 4 6/30/2024 N ASRS CONTRIBUTIONS PAYABLE 0610-00-000-000-00-2009 0610 9,315.00 CLIENT - 4 6/30/2024 N DEFERRED INFLOWS - PENSION 0610-00-000-000-00-2200 0610 3,652.00 CLIENT - 4 6/30/2024 N ASRS CONTRIBUTIONS 0610-07-770-000-10-5009 0610 19,162.00 CLIENT - 4 6/30/2024 N ASRS CONTRIBUTIONS 0610-07-770-000-10-5009 0610 Client entry to record pensions FS ONLY - 1 6/30/2024 N EQUIPMENT 0901-00-000-000-00-1034 0901 532,747.00 FS ONLY - 1 6/30/2024 N ROU ASSETS 0901-00-000-000-00-1035 0901 1,064,942.00 FS ONLY - 1 6/30/2024 N SBITAs 0901-00-000-000-00-1036 0901 2,056,745.00 FS ONLY - 1 6/30/2024 N CONSTRUCTION IN PROGRESS 0901-00-000-000-00-1039 0901 8,674,239.00 FS ONLY - 1 6/30/2024 N VEHICLES 0901-00-000-000-00-1040 0901 584,933.00 FS ONLY - 1 6/30/2024 N INFRASTRUCTURE 0901-00-000-000-00-1041 0901 2,068,234.00 FS ONLY - 1 6/30/2024 N BUILDINGS AND IMPROVEMENTS 0901-00-000-000-00-1042 0901 6,716,039.00 FS ONLY - 1 6/30/2024 N ACCUMULATED DEPRECIATION 0901-00-000-000-00-1064 0901 1,716,795.00 FS ONLY - 1 6/30/2024 N FUND BALANCE 0901-00-000-000-00-2500 0901 1,462,740.00 FS entry to adjust governmental capital assets memo accounts CLIENT - 744 6/30/2024 N ACCOUNTS PAYABLE 0105-00-000-000-00-2001 0105 CC 9.00 CLIENT - 744 6/30/2024 N TRAVEL & TRAINING 0105-05-510-000-20-6034 0105 CC 9.00 Client Entry- To adjust travel expenses and AP at year-end. CLIENT - 754 6/30/2024 N ACCOUNTS PAYABLE 0335-00-000-000-00-2001 0335 116,008.00 CLIENT - 754 6/30/2024 N BUILDINGS & IMPROVEMENTS 0335-01-000-000-30-9023 0335 116,008.00 Client Entry - To record Retainage Payable at year-end. CLIENT - 756 6/30/2024 N GASB 87 LESSEE PRINCIPAL 0001-00-000-000-45-9901 0001 66,848.00 CLIENT - 756 6/30/2024 N GASB 87 LESSEE INTEREST 0001-00-000-000-45-9902 0001 9,952.00 CLIENT - 756 6/30/2024 N RENTALS 0001-01-170-101-20-6025 0001 76,800.00 CLIENT - 756 6/30/2024 N GASB 87 LESSEE PRINCIPAL 0114-00-000-000-45-9901 0114 163,019.00 CLIENT - 756 6/30/2024 N GASB 87 LESSEE INTEREST 0114-00-000-000-45-9902 0114 11,423.00 CLIENT - 756 6/30/2024 N RENTALS 0114-04-465-000-20-6025 0114 15,336.00 CLIENT - 756 6/30/2024 N RENTALS 0114-04-466-000-20-6025 0114 159,106.00 Client Entry- To record GASB 87 Lessee Activity. Lessor, SBITA and financed purchase. 12/12/2024 9:12 AM Page 1 Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Town of Oro Valley 310-1 Year End: June 30, 2024 Completed by Reviewed by Reviewed by Normal adjusting journal entries MA28834 11/25/2024 Date: 7/1/2023 To 6/30/2024 Partner Review IR Number Date Type Name Account No Reference Annotation Debit Credit Recurrence Difference Misstatement CLIENT - 757 6/30/2024 N PRINCIPAL PAYMENTS 0114-00-000-000-45-9051 0114 19,531.00 CLIENT - 757 6/30/2024 N INTEREST PAYMENTS 0114-00-000-000-45-9052 0114 3,146.00 CLIENT - 757 6/30/2024 N RENTALS 0114-04-465-000-20-6025 0114 22,677.00 Client Entry - To record financed purchases. CLIENT - 758 6/30/2024 N GASB 96 SBITA PRINCIPAL 0001-00-000-000-45-9903 0001 392,971.00 CLIENT - 758 6/30/2024 N GASB 96 SBITA INTEREST EXP 0001-00-000-000-45-9904 0001 75,574.00 CLIENT - 758 6/30/2024 N OTHER FINANCING SOURCE - SBITA 0001-00-000-000-71-3162 0001 1,474,305.00 CLIENT - 758 6/30/2024 N MEMBERSHIPS & SUBSCRIPTIONS 0001-01-170-101-20-6035 0001 468,545.00 CLIENT - 758 6/30/2024 N GASB 96 SUBSCRIPTION 0001-01-190-000-30-9015 0001 1,474,305.00 Client entry to record SBITAs CLIENT - 759 6/30/2024 N MISC OTHER RECEIVABLES 0001-00-000-000-00-1019 0001 24,000.00 CLIENT - 759 6/30/2024 N GASB 87 LEASE RECEIVABLE 0001-00-000-000-00-1101 0001 475,084.00 CLIENT - 759 6/30/2024 N GASB 87 LEASE RECEIVABLE 0001-00-000-000-00-1101 0001 44,121.00 CLIENT - 759 6/30/2024 N GASB 87 DEFERRED INFLOW LEASES 0001-00-000-000-00-2201 0001 475,084.00 CLIENT - 759 6/30/2024 N GASB 87 DEFERRED INFLOW LEASES 0001-00-000-000-00-2201 0001 63,601.00 CLIENT - 759 6/30/2024 N REAL PROPERY RENTAL INCOME 0001-00-000-000-67-3091 0001 24,000.00 CLIENT - 759 6/30/2024 N REAL PROPERY RENTAL INCOME 0001-00-000-000-67-3091 0001 75,000.00 CLIENT - 759 6/30/2024 N GASB 87 Lease Revenue 0001-00-000-000-67-3301 0001 63,601.00 CLIENT - 759 6/30/2024 N GASB 87 Interest Income 0001-00-000-000-69-3302 0001 30,879.00 CLIENT - 759 6/30/2024 N GASB 87 LEASE RECEIVABLE 0114-04-000-000-00-1101 0114 54,760.00 CLIENT - 759 6/30/2024 N GASB 87 DEFERRED INFLOW LEASES 0114-04-000-000-00-2201 0114 60,729.00 CLIENT - 759 6/30/2024 N FACILITY RENTAL INCOME 0114-04-465-000-67-3148 0114 31,772.00 CLIENT - 759 6/30/2024 N FACILITY RENTAL INCOME 0114-04-465-000-67-3148 0114 32,400.00 CLIENT - 759 6/30/2024 N GASB 87 Lease Revenue 0114-04-465-000-67-3301 0114 60,729.00 CLIENT - 759 6/30/2024 N GASB 87 Interest Income 0114-04-465-000-69-3302 0114 9,412.00 CLIENT - 759 6/30/2024 N GASB 87 LEASE RECEIVABLE 0336-00-000-000-00-1101 0336 311,935.00 CLIENT - 759 6/30/2024 N GASB 87 LEASE RECEIVABLE 0336-00-000-000-00-1101 0336 16,713.00 CLIENT - 759 6/30/2024 N GASB 87 DEFERRED INFLOW LEASES 0336-00-000-000-00-2201 0336 311,935.00 CLIENT - 759 6/30/2024 N GASB 87 DEFERRED INFLOW LEASES 0336-00-000-000-00-2201 0336 31,194.00 CLIENT - 759 6/30/2024 N REAL PROPERY RENTAL INCOME 0336-07-730-000-67-3091 0336 28,125.00 CLIENT - 759 6/30/2024 N GASB 87 LEASE REVENUE 0336-07-730-000-67-3301 0336 31,194.00 CLIENT - 759 6/30/2024 N GASB 87 INTEREST INCOME 0336-07-730-000-69-3302 0336 11,412.00 CLIENT - 764 6/30/2024 N GASB 96 SBITA PRINCIPAL 0001-00-000-000-45-9903 0001 29,581.00 CLIENT - 764 6/30/2024 N GASB 96 SBITA INTEREST EXP 0001-00-000-000-45-9904 0001 6,117.00 CLIENT - 764 6/30/2024 N OTHER FINANCING SOURCE - SBITA 0001-00-000-000-71-3162 0001 160,213.00 CLIENT - 764 6/30/2024 N MEMBERSHIPS & SUBSCRIPTIONS 0001-01-170-101-20-6035 0001 35,698.00 CLIENT - 764 6/30/2024 N GASB 96 SUBSCRIPTION 0001-01-190-000-30-9015 0001 160,213.00 Client entry to record additional SBITA 16,263,807.00 16,263,807.00 12/12/2024 9:12 AM Page 2 Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723 Town of Oro Valley 310-2 Year End: June 30, 2024 Completed by Reviewed by Reviewed by Normal adjusting journal entries MA28834 11/25/2024 Date: 7/1/2023 To 6/30/2024 Partner Review IR Number Date Type Name Account No Reference Annotation Debit Credit Recurrence Difference Misstatement Net Income (Loss)(2,408,557.00 ) 12/12/2024 9:12 AM Page 3 Docusign Envelope ID: C5D6B312-AE2E-4AD2-97DB-5094560FB723    Town Council Regular Session 2. Meeting Date:01/22/2025   OV's Path Forward Phase 2  Subject Update regarding the next steps to create the community's 10-year action plan, known as OV's Path Forward Summary The purpose of this item is to provide information about the next phase of OV's Path Forward. On December 4, the Town Council accepted the community's draft vision and guiding principles. The community's draft vision and guiding principles were based on the 9,000+ contributions residents provided through a statistically protectable survey (the BIG Community Survey), Wordsmith Challenge, 93 events, and online discussions. Together, the draft vision and guiding principles establish the framework for the 10-year plan. The Town Council's acceptance of the draft vision and guiding principles marks a major milestone in the effort to create the next 10-year action plan. It declares the end of Phase 1 and signifies the framework is ready for use by resident working groups to craft goals, policies and actions that lead to real results in the community.  "Phase 2: Let's Think" will begin on January 28 and work with groups of self-selected residents to continue building the plan. The result of Phase 2 will be a draft plan that reflects the substantial number of resident voices heard during Phase 1 (October 2023 – October 2024).   Key aspects of Phase 2 include:   Residents working together in groups to craft the goals, policies and actions that address the resident priorities and expectations summarized in the draft vision and guiding principles.  Creation of a draft, web-based plan. A web-based plan offers greater convenience, accessibility and transparency throughout this phase and after the plan is ratified.  Key milestones and updates throughout the process to maintain community awareness about the plan.  The top priority is producing a plan that reflects resident voices heard during Phase 1. All residents, including board, commission and Town Council members, are encouraged to participate in a resident working group. Resident working group meetings are the best time and opportunity for the Town Council to shape the town's 10-year plan.  Resident Working Groups Roles and Composition To date, approximately 176 residents have signed up for a resident working group. Residents are able to self-select the group they are most interested in based on a variety of topics. Every group includes residents representing a broad range of ages, interests, and experience in town projects. The topics and composition of each group is shown below:  Development: Transportation, housing, growth, development - 64 residents, including 9 under 24 years old1. Economy: Town finances, tourism, employment, business attraction and retention - 32 residents, including 5 under 18 years old2. Community: Safety, character, arts, culture, parks, recreation and trails - 57 residents, including 4 under 24 years old3. Sustainability: Environment, climate, and water conservation - 23 residents, including 5 under 18 years old4. Group members will review and discuss the existing conditions, resident guidance, and non-stakeholder feedback on each topic. They will use this information to assemble the most important components of the 10-year plan; the goals, policies and implementation actions.  The primary role of resident working group members is to craft goals, policies and actions that honor the resident voices heard over the past year. Schedule and approach An online kick-off event is scheduled for Tuesday, January 28, 2025, from 5:30-7:30. All members are encouraged to attend to meet each other and staff, learn about their important role in the process, and ways to be prepared and participate. After the kick-off event, each group will meet twice a month unless additional meetings are needed. Meeting times and schedules are based on the information received through sign-ups, the number of people in each group and the timing of gathering feedback from non-resident stakeholder groups, such as business owners. Each group will meet from 5:30 -7:30 PM as follows:  Development: Transportation, housing, growth, development - Every other Thursday, starting on February 61. Economy: Town finances, tourism, employment, business attraction and retention - Every other Tuesday, starting on February 112. Community: Safety, community, arts, culture, parks, recreation and trails - Every other Thursday, starting on February 133. Sustainability: Environment, climate, and water conservation - Every other Tuesday starting on April 84. Each month, groups will focus on a specific topic, essentially creating modules. Topic area modules will consist of 2–3 meetings. Meetings will be facilitated by the Planning staff and also include staff from other Town departments to provide important background information and answer questions (e.g., Public Works for discussions about roads).  A module approach allows flexibility for those only interested in a specific topic. However, to gain momentum and for continuity, it is important that resident working group members consistently attend all meetings. At a minimum, it is important that residents attend every meeting within a module to ensure meaningful discussions and outcomes.  The modules for each working group are shown below:    Most meetings will be online with in-person meetings as needed. For example, the discussion regarding the land use map (in April) will require in-person meetings.  A variety of tools will be used during meetings to encourage participation. Live polls, rating scales and more will be used to gather feedback from all participants in an efficient manner. During discussions, larger groups will be split up into smaller teams to give everyone an opportunity to speak.    The result of the resident working group process will be a complete draft of the 10-year action plan. Significant changes to the draft must be discussed by resident working group members to foster ownership. Resident ownership is critical to being successful at the polls in 2026.  Therefore, all board, commission and Council members are encouraged to participate in the resident working group process as this is the best time and opportunity to shape the 10-year plan.  The Draft Plan Previously, the 10-year plan was a PDF book available online or by request. Over time, the online PDF became outdated and printed copies were rarely requested. To increase accessibility, convenience and transparency, OV's Path Forward will be a web-based plan with a PDF supplement. Throughout Phase 2, resident working group members will use the website to complete their homework and build the draft plan. The entire community can follow along by watching recordings of the meetings, reading the online discussions and seeing, in real-time, the online draft coming together. A web-based plan not only increases transparency during the creation process but also after ratification. The web-based plan will enable residents to see how the plan is being implemented in a convenient and more accessible manner. It is structured to make sure the core components of the plan are easy to access. This includes the goals, policies, actions, implementation and amendments to the plan. Standard plan elements will still be available (e.g., introduction, resources, glossary, state requirements, etc.) for those interested.  The framework for the draft plan is available on www.OVPathForward.com. Information will continually be added throughout Phase 2, until the draft is complete.  Key Milestones and Next Steps  Phase 2 focuses on transforming the substantial feedback collected during Phase 1 into an action plan. Anticipated milestones, including check-ins with the Town Council, are provided below:  January through May - Kick-off Phase 2 and resident working group meetings April - Update the Town Council (midpoint for working groups) May - A 30% draft plan, which will include a list of draft goals, policies and actions crafted by working groups August - A 60% draft plan, which will include all standard elements, goals, policies, and actions in a fully designed version. The 60% draft will be presented to resident working group members for final review. The resident working groups' draft will be presented to the Town Council for discussion.  August through October - The draft will be released to the public for the legally required 60-day review.  November through December - The draft, which will include refinements gathered through the public review process, will be presented to the Planning and Zoning Commission and the Town Council.  All residents, including the board, commission and Town Council members, are encouraged to participate in a resident working group. Sign-up today on OVPathForward.com and then attend the online kick-off event on January 28 from 5:30-7:30 PM.  Attachments Staff Presentation  Phase 2: Let’s Think Town Council January 22, 2025 2 ➢Craft goals, policies and actions based on significant resident direction provided during Phase 1 ➢Best opportunity for residents, including board/commission or Town Council members to shape the 10-year action plan ➢Result will be complete draft of a web- based plan The top priority is creating a draft plan that honors the direction provided by residents in Phase 1 ➢Four groups consisting of residents representing a broad range of ages, interests and experience in town projects: ➢Discuss existing conditions and community guidance to generate actions that address resident priorities and expectations for OV’s future 4 Development:Transportation, housing, growth and development Economy:Town finances, employment, business attraction and retention Community:Safety, character, arts & culture, parks, recreation & trails Sustainability:Environment, climate and water 5 ➢Groups will focus on a different topic every month ➢Provides convenience and flexibility ➢Consistent participation encouraged to gain momentum and continuity ➢Use a variety of techniques to foster participation ➢Online discussions prior to each meeting ➢Live polling, rating scales, etc. during meetings ➢Splitting up larger groups into smaller teams ➢In-person meetings as needed ➢Online Kick-Off Event: Tuesday, January 28 ➢Meet each other and staff ➢Understand role & expectations ➢Instructions on how to participate 6 ➢Each module will consist of 2-3 meetings ➢Meetings will be facilitated by Planning staff ➢Staff from other Town departments present for their respective topic areas 7 Increases transparency, convenience & accessibility Provides easy access to goals, policies & actions Allows the entire community to follow along 8 Resident Working Groups Jan - May Complete Draft Plan August 60-Day Public Review Sept - Nov PZC and Town Council Nov - Dec ➢Craft goals, policies and actions based on significant resident direction provided during Phase 1 ➢Best opportunity for residents, including board/commission or Town Council members to influence the 10-year action plan ➢Follow along or sign-up for a resident working group on OVPathForward.com The top priority is creating a draft plan that honors the direction provided by residents in Phase 1 Meeting Date Module FebruaryThursday, February 6 Transportation Tuesday, February 11 Town Finances Thursday, February 13 Safety Thursday, February 20 Transportation Tuesday, February 25 Town Finances Thursday, February 27 Safety MarchThursday, March 6 Housing Tuesday, March 11 Employment & Businesses Thursday, March 13 Community character, Arts & Culture Thursday, March 20 Housing Tuesday, March 25 Employment & Businesses Thursday, March 27 Community & Arts AprilThursday, April 3 Development Tuesday, April 8 Environment Thursday, April 10 Parks, Rec & Trails Thursday, April 17 Development Tuesday, April 22 Climate Thursday, April 24 Parks, Rec & Trails MayThursday, May 1 Water Thursday, May 8 Water Development Economy Community Sustainability    Town Council Regular Session A. Meeting Date:01/22/2025   Requested by: Mike Standish Submitted By:Michelle Stine, Town Clerk's Office Department:Town Clerk's Office SUBJECT: Minutes - January 8, 2025 RECOMMENDATION: Staff recommends approval. EXECUTIVE SUMMARY: N/A BACKGROUND OR DETAILED INFORMATION: N/A FISCAL IMPACT: N/A SUGGESTED MOTION: I MOVE to approve (approve with the following changes) the January 8, 2025, minutes. Attachments 1-8-25 Draft Minutes  D R A F T   MINUTES ORO VALLEY TOWN COUNCIL REGULAR SESSION JANUARY 8, 2025 ORO VALLEY COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE            REGULAR SESSION AT OR AFTER 6:00 PM   CALL TO ORDER    Mayor Winfield called the meeting to order at 6:02 p.m.   ROLL CALL Present: Joseph C. Winfield, Mayor Melanie Barrett, Vice-Mayor Harry Greene, Councilmember Joyce Jones-Ivey, Councilmember (attended via Zoom) Mary Murphy, Councilmember (attended via Zoom) Josh Nicolson, Councilmember Elizabeth Robb, Councilmember PLEDGE OF ALLEGIANCE    Mayor Winfield led the audience in the Pledge of Allegiance.   UPCOMING MEETING ANNOUNCEMENTS    Town Clerk Mike Standish announced the upcoming Town Meetings.   MAYOR AND COUNCIL REPORTS ON CURRENT EVENTS    Councilmember Jones-Ivey encouraged citizens to volunteer for Amphi School Districts Project Graduation events. Councilmember Greene reported that he had attended the ribbon cutting ceremony for 1st Order Compounding Pharmacy . Mayor Winfield recognized Oro Valley Chief of Police Kara Riley for her appointment as President of the Arizona Association of Chiefs of Police. Mayor Winfield also recognized Oro Valley Police Command Staff, Mike Gracie, Zach Young, Kevin 1/8/25 Minutes, Oro Valley Town Council Regular Session 1 Peterson, and Weston Barkley for their recent graduation from the Northwestern University, and Lieutenant Carmen Trevizo for her graduation from the FBI National Academy.   TOWN MANAGER'S REPORT ON CURRENT EVENTS    Town Manager Jeff Wilkins reported the following: Thanked the Oro Valley volunteers for their participation in the Volunteer Appreciation event, and for volunteering for the town. Update on This is Oro Valley Podcast. Update on the Explore OV App. Update on Oro Valley Public Art Tours. Oro Valley projects update. Thanked residents for their participation in all the Oro Valley 50th Anniversary activities. Update on Oro Valley new businesses. Oro Valley Concert Series update. Update on Oro Valley's guided hiking series.   ORDER OF BUSINESS    Mayor Winfield reviewed the order of business and stated the order would stand as posted.   INFORMATIONAL ITEMS    There were no informational items.   CALL TO AUDIENCE    Oro Valley resident Stanley Ossman voiced his concerns regarding noise on Moore Road between the Rotary and King Road. Oro Valley resident Anthony Farrara voiced his concerns regarding the proposed Oro Valley Church of the Nazarene rezoning request. Oro Valley resident Doug Dalby voiced his concerns regarding the proposed Oro Valley Church of the Nazarene rezoning request. Oro Valley resident Tim Tarris voiced his concerns regarding the proposed Oro Valley Church of the Nazarene rezoning request. Oro Valley resident Rosa Dailey spoke on behalf of Trindy LeForge. Ms. Dailey voiced the concerns of Ms. LeForge regarding the proposed Oro Valley Church of the Nazarene rezoning request. Oro Valley resident Ed Clary voiced his concerns regarding the proposed Oro Valley Church of the Nazarene rezoning request. Oro Valley resident David Deivert voiced his concerns regarding the proposed Oro Valley Church of the Nazarene rezoning request. Oro Valley resident Richard Beam voiced his concerns regarding the defunct pond at Vistoso Trails Nature Preserve. 1/8/25 Minutes, Oro Valley Town Council Regular Session 2 Oro Valley resident Lisa Olson voiced her concerns regarding the proposed Oro Valley Church of the Nazarene rezoning request. Oro Valley resident Craig Patrick voiced his concerns regarding the proposed Oro Valley Church of the Nazarene rezoning request. Oro Valley resident Debbie Patrick voiced her concerns regarding the proposed Oro Valley Church of the Nazarene rezoning request. Oro Valley resident Andy Cairncross asked for clarification regarding the permit to build in the Vistoso Golf area. Mayor Winfield requested that the Town Manager Jeff Wilkins follow up with Mr. Ossman and Mr. Cairncross to address their questions.   PRESENTATIONS   1.Presentation regarding the Town's 2024 Progress Report on implementing the actions from the Your Voice, Our Future 10-year plan       Principal Planner Milini Simms presented the 2024 Progress Report on implementing the actions from the Your Voice, Our Future 10-year plan and included the following: Your Voice, Our Future (YVOF) Importance of the Annual Progress Report Comprehensive Plan 2024 Progress Report Projects associated with the 24 actions anticipated for completion Outstanding Actions Transisitions to OV's Path Forward OV's Path Forward Resident Working Groups Summary and Next Steps   CONSENT AGENDA   A.Minutes - December 4, 2024      B.Resolution No. (R)25-01, approving the Town's Legislative Agenda, protocols guiding the Town’s priorities for the 2025 legislative session, and any lobbying activities      C.Approval regarding the proposed architecture for the Extra Space Storage located near the southeast corner of Oracle Road and Hardy Road (2401682)       Motion by Mayor Joseph C. Winfield, seconded by Councilmember Harry Greene to approve Consent agenda items (A) through (C).  Vote: 7 - 0 Carried   1/8/25 Minutes, Oro Valley Town Council Regular Session 3          REGULAR AGENDA   1.PUBLIC HEARING: DISCUSSION AND POSSIBLE ACTION REGARDING AN APPLICATION FOR A SERIES 6 (BAR) LIQUOR LICENSE FOR LA POSADA PUSCH RIDGE, LOCATED AT 11050 N. AVENIDA POSADA DE ORO       Town Clerk Mike Standish provided the information for item #1. Mayor Winfield opened the public hearing. No comments were received. Mayor Winfield closed the public hearing.    Motion by Councilmember Harry Greene, seconded by Councilmember Josh Nicolson to recommend approval of the issuance of a Series 6 Liquor License to the Arizona Department of Liquor Licenses and Control for Kevin Arnold Kramber for La Posada Pusch Ridge, located at 11050 N. Avenida Posada De Oro, Oro Valley 85737. Discussion ensued amongst Council and staff regarding item #1.    Motion by Councilmember Harry Greene, seconded by Councilmember Josh Nicolson to recommend approval of the issuance of a Series 6 Liquor License to the Arizona Department of Liquor Licenses and Control for Kevin Arnold Kramber for La Posada Pusch Ridge, located at 11050 N. Avenida Posada De Oro, Oro Valley 85737.  Vote: 7 - 0 Carried   2.DISCUSSION AND POSSIBLE ACTION REGARDING DRAFT POLICIES FOR THE VISTOSO TRAILS NATURE PRESERVE       Mayor Winfield explanied the reason for requesting this item and provided a brief overview of the requested item. Parks and Recreation Director Rosalyn Epting presented item #2 and provided background and information regarding the draft policies for the Vistoso Trails Nature Preserve. The following individuals spoke regarding item #2. Oro Valley resident Rosa Dailey Oro Valley resident Gayle Mateer Oro Valley resident Phil Zielinski Oro Valley resident Charles Stack Oro Valley resident Tom Stegman Discussion ensued amongst Council and staff regarding item #2. Council provided guidance and input to staff regarding the draft policies for the Vistoso Trails Nature Perserve. Mayor Winfield recessed the meeting at 7:46 p.m. Mayor Winfield reconvened the meeting at 7:57 p.m. 1/8/25 Minutes, Oro Valley Town Council Regular Session 4   3.PUBLIC HEARING: DISCUSSION AND POSSIBLE ACTION ON TWO ITEMS REGARDING A PROPOSED 31-LOT DETACHED SINGLE-FAMILY SUBDIVISION AT THE SOUTHWEST CORNER OF MOORE ROAD AND LA CANADA DRIVE. THE ITEMS INCLUDE: ITEM A: RESOLUTION NO. (R)25-02, TYPE 2 GENERAL PLAN LAND USE DESIGNATION AMENDMENT FOR THE EASTERN PORTION OF THE SITE FROM LOW DENSITY RESIDENTIAL 2 TO MEDIUM DENSITY RESIDENTIAL (2401295) ITEM B: ORDINANCE NO. (O)25-01, REZONING FROM R1-144 TO R1-36 ON WEST AND R1-20 ON EAST OF SITE (2302611)       Mayor Winfield opened the public hearing. Mr. Paul Oland spoke on behalf of Mr. Bill Spaulding Oro Valley resident John Crittendon Oro Valley resident Sheri Butman Mayor Winfield closed the public hearing. Planning Manager Bayer Vella presented item #3 and included the following: Purpose Location Map Applicant's Proposal Background Item A - General Plan Amendment Item A - Open Space Item B - Rezoning Public Participation & Planning and Zoning Commission Right of Way Summary & Recommendation Mr. Paul Oland with Paradigm Land Design and respresenting the applicant, provided a brief background of item #3.    Motion by Mayor Joseph C. Winfield, seconded by Councilmember Harry Greene to approve Resolution No. (R)25-02: General Plan Amendment from Low Density Residential 2 to Medium Density Residential, based on the finding the request is in conformance with the Your Voice, Our Future General Plan. Discussion ensued amongst Council, staff, and Mr. Oland regarding item #3A.    Motion by Mayor Joseph C. Winfield, seconded by Councilmember Harry Greene to approve Resolution No. (R)25-02: General Plan Amendment from Low Density Residential 2 to Medium Density Residential, based on the finding the request is in conformance with the Your Voice, Our Future General Plan.  Vote: 7 - 0 Carried    Motion by Mayor Joseph C. Winfield, seconded by Councilmember Harry Greene to conditionally 1/8/25 Minutes, Oro Valley Town Council Regular Session 5  Motion by Mayor Joseph C. Winfield, seconded by Councilmember Harry Greene to conditionally approve Ordinance No. (O)25-01: Rezoning from R1-144 to R1-36 and R1-20, subject to the conditions of approval in Attachment 1, based on the finding the request is in conformance with all applicable General Plan and Zoning Code requirements. Conditions of Approval Landscaping consisting of boulders, shallow-rooted vegetation (e.g., cacti, shrubs, etc.), and decomposed granite shall be provided between the property line and clear zone. Decomposed granite shall be required in the clear zone. Boulders and vegetation to be provided and positioned in a manner to prevent parking of vehicles south of the new Moore Road sidewalks along the full property edge of the subdivision, as determined by the Planning and Zoning Administrator and Town Engineer. 1. Installation of future walls by homeowners shall be of the same color, finish, and material as used in the La Cañada Ridge subdivision. This requirement shall be included in the subdivision’s Covenants, Conditions, and Restrictions. 2. Discussion ensued amongst Council and staff regarding item #3B.    Motion by Mayor Joseph C. Winfield, seconded by Councilmember Harry Greene to conditionally approve Ordinance No. (O)25-01: Rezoning from R1-144 to R1-36 and R1-20, subject to the conditions of approval in Attachment 1, based on the finding the request is in conformance with all applicable General Plan and Zoning Code requirements. Conditions of Approval Landscaping consisting of boulders, shallow-rooted vegetation (e.g., cacti, shrubs, etc.), and decomposed granite shall be provided between the property line and clear zone. Decomposed granite shall be required in the clear zone. Boulders and vegetation to be provided and positioned in a manner to prevent parking of vehicles south of the new Moore Road sidewalks along the full property edge of the subdivision, as determined by the Planning and Zoning Administrator and Town Engineer. 1. Installation of future walls by homeowners shall be of the same color, finish, and material as used in the La Cañada Ridge subdivision. This requirement shall be included in the subdivision’s Covenants, Conditions, and Restrictions. 2.  Vote: 7 - 0 Carried   FUTURE AGENDA ITEMS    No future agenda items were requested.   ADJOURNMENT    Motion by Mayor Joseph C. Winfield, seconded by Councilmember Josh Nicolson to adjourn the meeting at 8:40 p.m.  Vote: 7 - 0 Carried     _____________________________________________ 1/8/25 Minutes, Oro Valley Town Council Regular Session 6 _____________________________________________ Michelle Stine, MMC, CPM Deputy Town Clerk I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the regular session of the Town of Oro Valley, Arizona held on the 8th day of January 2025. I further certify that the meeting was called and held and that a quorum was present. ______________________________________________ Michael Standish, CMC Town Clerk 1/8/25 Minutes, Oro Valley Town Council Regular Session 7    Town Council Regular Session B. Meeting Date:01/22/2025   Requested by: Bayer Vella, Community and Economic Development  Submitted By:Kyle Packer, Community and Economic Development Case Number:2402121 SUBJECT: Approval regarding the proposed architecture for the St. Mark's Church located near the southeast corner of Tangerine Road and Shannon Road RECOMMENDATION: The Planning and Zoning Commission recommends approval of the proposed architecture as shown in Attachment 1. EXECUTIVE SUMMARY: The purpose of this request is to consider architecture for an expansion of the church facilities for a new daycare and fellowship hall (Attachment 1) located near the southeast corner of Tangerine Road and Shannon Road (see figure below).  The expansion of the church facility is located on the western portion of the site, within the development envelope previously approved for a later phase per the 2012 site plan and 2015 revision (Attachment 2). The focus of this item is only on the architectural design of the proposed expansion. The proposed architectural style, features, colors, and massing are compatible with existing structures on site. The proposed architecture is in conformance with the design standards of the Town's Design Principles and Standards and the Tangerine Road Corridor Overlay District. The Planning and Zoning Commission recommends approval of the applicant's architecture. Additional detail is provided in the Background or Detailed section of this report. BACKGROUND OR DETAILED INFORMATION: The focus of this agenda item is on the architectural design only as the proposal is consistent with the approved Final Site Plan from 2012 (see image below).  The focus of this agenda item is on the architectural design only as the proposal is consistent with the approved Final Site Plan from 2012 (see image below).    Buildings in gray indicate those to be constructed per this proposal. Buildings in white already exist. The parameters for Town review entail architectural compliance with:   Town’s Design Principles (Section 22.9.E.7)1. Applicable Design Standards (Addendum A, Section 2.2)2. Tangerine Road Scenic Corridor Overlay District3. Details analyzing the proposed design elements conformance are provided later in this section.  Existing Site Conditions   Zoning: Private School (PS) Parcel Size: 14.63 acres, western portion vacant, eastern portion developed Gross area (includes parcel to immediate south): 27.11 acres Approval Dates   2012: Phased Final Site Plan approved 2015: Revision to Phased Final Site Plan for drainage and screening elements approved Staff has reviewed the applicant's proposed design for both the new and existing facilities to ensure conformance with the Town's Design Principles (Section 22.9.E.7) and applicable Design Standards (Addendum A, Section 2.2), as well as the Tangerine Road Corridor Overlay District (TRCOD). A summary of the design conformance with each is provided below.  ZONING CODE DESIGN PRINCIPLES REVIEW: Notable Town requirements are shown in italics and followed by staff commentary. Building elevations for the church expansion are shown below (full architectural renderings provided in Attachment 1).   West and South elevations for the proposed church expansion. North and East elevations for the proposed church expansion. Design: “Building architectural design shall be appropriate for the climate and characteristics of the Sonoran Desert, including indigenous and traditional textures, colors, and shapes found in and around Oro Valley.”  The architecture for the church expansion incorporates traditional textures like stucco and stone, and colors found throughout Oro Valley. The colors and design elements (including stonework and arched windows) are all compatible and similar to the existing church structures on site. Overall, the proposed style includes features appropriate for the climate and character of the region, with extensive shaded areas and awnings.   Arches, arched windows, stone base trim, and colors are all pulled from the existing church architecture (above) to ensure compatibility. Scale, Height, and Mass: “Building scale, height and mass shall be consistent with the Town-approved intensity of the site, designated scenic corridors, and valued mountain views.”  The use of arched windows, a stone base trim, and multiple materials along the building breaks up the facade and supports a pedestrian-focused design while minimizing the scale of the building and making it similar in style to the existing structure. The building's location on the site complies with the requirements of TRCOD, protected scenic corridors and mountain views for adjacent properties. Facade Articulation: “All building facades shall be fully articulated, including variation in building massing, roof planes, wall planes, and surface articulation.” Architectural elements shown in the rendering below, such as roofline and facade variation, projections, awnings, and varied materials are employed to create visual interest for the design and contribute to the building's character. Varied materials, colors, and rooflines reduce the massing of the structure into smaller portions. Rendering of east (left) and north (right) facades, looking southwest. Screening: “Building design and screening strategies shall be implemented to conceal the view of loading areas, refuse enclosures, mechanical equipment, appurtenance, and utilities from adjacent public streets and neighborhoods.” The proposed architecture incorporates fully screened rooftop mechanical equipment to conceal systems from public view, including from Tangerine Road and the adjacent residential sites. This design balances the aesthetic appeal of the building while maintaining functionality.    ZONING CODE DESIGN STANDARDS REVIEW: In addition to the Design Principles, this section details how the architecture meets other applicable Design Standards found in Addendum A, Section 2.2. Notable Town requirements are shown in italics and followed by staff commentary.  General Considerations: “Scale of development shall be appropriate to the land use type and promote human scale development….”  The project accomplishes this through color and material variations, as well as the use of popouts and articulated entryways on the east and west sides. Windows, wall and roof plane variations, and stone base trim further break up the facade meaningfully. Roofs: “Variations in rooflines shall be used to add interest and reduce the scale of larger buildings…”  Variation of the roofline is articulated throughout the design using recesses, breaks, and projections, as shown in elevations and renderings above.  Building Style: “Use of historic architectural styles or a contemporary interpretation is encouraged…” The design combines a modern aesthetic with stonework banding elements reminiscent of traditional Spanish and Mexican-American architecture.  Articulated Entries: “Clearly articulated building entries and pedestrian elements” The entrances are well articulated and defined through entry archways, shade systems and facade articulations to create visual interest.  Pedestrian elements across the remainder of the structure include windows, architectural banding and further incorporated columns. Rendering of west facade, looking east. TANGERINE ROAD CORRIDOR OVERLAY DISTRICT Regarding the architectural requirements of the Tangerine Road Corridor Overlay District, the location and height of the proposed structure meet the setback and height restrictions for the overlay district. PUBLIC PARTICIPATION Public notice has been provided as follows:  Posting at Town Hall Posting on the Town's websites All affected Homeowners Associations PLANNING AND ZONING COMMISSION The Planning and Zoning Commission considered the applicant's proposed architecture at a public meeting on January 14, 2025, and has recommended approval. SUMMARY AND RECOMMENDATION In summary, the Planning and Zoning Commission recommends approval, finding the applicant's proposed architecture for the proposed expansion meets the Design Principles and Standards of the Zoning Code and TRCOD.  FISCAL IMPACT: N/A SUGGESTED MOTION: Town Council may wish to consider one of the following motions: I MOVE to APPROVE the proposed architecture for the St. Mark's Church expansion based on finding it is in conformance with the Design Principles and Standards of the Oro Valley Zoning Code. OR I MOVE to DENY the proposed architecture for the St. Mark's Church expansion based on the finding that ________________. Attachments Attachment 1 - Architecture  Attachment 2 - Approved FSP  Design Narrative This project consists of a new fellowship hall and daycare facility for St. Mark Catholic Church in Oro Valley, Arizona. Included in this expansion will be a new courtyard with extended colonnade to match the existing colonnade at St. Mark church. Also included will be a significant expansion of the parking lot. The new building including the new daycare and new fellowship hall shall match the color palette and material selections of the existing St. Mark Church. The new structure shall complement the existing, adjacen t church. 4 of 16November 22,2024CONCEPTUAL COLORED ELEVATIONS WEST ELEVATION SOUTH ELEVATION ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE EAST ELEVATION NORTH ELEVATION November 22,2024 5 of 16CONCEPTUAL COLORED ELEVATIONS ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE CONCEPTUAL ARCHITECTURE DESIGN SUBMITTAL PACKAGE7 of 14December 2,2024COLOR AND MATERIALS PALETTE STUCCO PAINT: Sherwin Williams Smokey Topaz LRV: 22 STUCCO PAINT: Sherwin Williams: Blonde LRV: 54 ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE TPO Roof: White Roof is outside the La Cholla Airport Environs Zone and screened from adjacent properties by parapets. STUCCO PAINT: Sherwin Williams Craft Paper LRV: 15 Storefront Clear Glass LRV: 4-8 FLAGSTONE: TO MATCH EXISTING LRV: 8 SCUPPERS/DOWNSPOUTS/FLASHING, STOREFRONT ALUMINUM: TO MATCH EXISTING LRV: 6 3 54 11 of 16November 22,2024CONCEPTUAL RENDERING - PLAZA ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE 12 of 16November 22,2024CONCEPTUAL RENDERING - WEST FACADE ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE 14 of 16November 22,2024CONCEPTUAL RENDERING - MAIN ENTRANCE ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE 15 of 16November 22,2024CONCEPTUAL RENDERING - SOUTH VIEW ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE 13 of 16November 22,2024CONCEPTUAL RENDERING - NORTHEAST FACADE ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE 16 of 16November 22,2024CONCEPTUAL RENDERING - NORTH VIEW ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE November 22, 2024CONCEPTUAL SITE PLAN WEST TANGERINE RD NORTH SHANNON ROADEXISTING BUILDING NEW FELLOWSHIP HALL NEW DAYCARE EXISTING BUILDING EXISTING BUILDING ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE 1 of 16 EXISTING BUILDING NEW FELLOWSHIP HALL CONCEPTUAL ARCHITECTURE DESIGN SUBMITTAL PACKAGE2 of 14September 30,2024PHOTOGRAPHS OF EXISTING BUILDINGS AND ADJACENT PROPERTIES ST. MARK CATHOLIC CHURCH (EXISTING BUILDING) ST. MARK DAYCARE/MULTI-USE (EXISTING BUILDING) PRIEST’S RESIDENCE (EXISTING BUILDING) ST. MARK PARISH OFFICE BUILDING (EXISTING BUILDING) ST. MARK CATHOLIC CHURCH (EXISTING BUILDING) ST. MARK CATHOLIC CHURCH (EXISTING BUILDING) ST. MARK CATHOLIC CHURCH NEW FELLOWSHIP HALL AND DAYCARE SOUTH FACADE VIEWNORTHWEST FACADE VIEWWEST FACADE VIEWSOUTHEAST FACADE VIEWNORTHEAST FACADE VIEWNORTH FACADE VIEW    Town Council Regular Session C. Meeting Date:01/22/2025   Submitted By:Mike Standish, Town Clerk's Office Department:Town Clerk's Office SUBJECT: Approval to cancel the February 5, 2025, Town Council regular meeting RECOMMENDATION: N/A EXECUTIVE SUMMARY: At their regular meeting on November 6, 2024, the Town Council approved the 2025 Town Council regular meeting schedule, which included a regular meeting scheduled for February 5, 2025. However, the Agenda Committee determined there was no business for the February 5, 2025, regular Town Council meeting. In the event that the Town Council would like to cancel the February 5 regular Town Council meeting, the Town Council must take formal action. BACKGROUND OR DETAILED INFORMATION: N/A FISCAL IMPACT: N/A SUGGESTED MOTION: I MOVE to cancel the February 5, 2025, Town Council Regular Meeting. Attachments No file(s) attached.    Town Council Regular Session 1. Meeting Date:01/22/2025   Requested by: Bayer Vella, Community and Economic Development  Submitted By:Patty Hayes, Community and Economic Development Case Number:2402010 SUBJECT: PUBLIC HEARING: DISCUSSION AND POSSIBLE ACTION REGARDING A PROPOSED EXEMPTION FROM THE ROONEY RANCH PLANNED AREA DEVELOPMENT SIGN STANDARDS FOR THE BANK OF AMERICA IN ROONEY RANCH LOCATED AT 10775 N. ORACLE ROAD AT THE NORTHWEST CORNER OF ORACLE ROAD AND 1ST AVENUE RECOMMENDATION: The Planning and Zoning Commission considered the applicant's proposal at a public hearing on January 14, 2025, and recommended approval.  EXECUTIVE SUMMARY: The Bank of America, at the northwest corner of Oracle Road and First Ave,shown in yellow below, is requesting an exemption (Attachment 1) from the Rooney Ranch Planned Area Development (PAD) sign standards (Attachment 1).  Commercial centers in the Town are required to establish their own sign standards that determine the design of signs within the development. This Bank of America branch is located in the Rooney Ranch development which established sign standards in 1998. The 1998 sign standards (Attachment 2) contain a color palette limited to copper patina and a small logo size, which resulted in the design of the current signs in the photo below. The bank is requesting to be exempt from the 1998 sign standards and would like to follow the current Oro Valley Zoning Code chapter 28 sign standards. This would allow the design and colors as shown in their proposed signs in the photo below with blue letters: The focus of this proposal is to release the bank from the 1998 sign standards of Rooney Ranch and allow the site to use the current sign code, which would allow the current bank to use their proposed blue, white and red signs and also allow future sign changes in accordance with the Oro Valley sign standards.  The zoning code, section 28. 2.C, allows the following process for signage regulation "PAD Exemption : In the event that a Planned Area Development District (PAD) has established its own sign requirements, the owner of lands within the PAD, as determined by the Planning and Zoning Administrator, may elect to operate under all or a portion of this Chapter 28, Signs," Key Changes  Exempt the bank property from the 1998 Rooney Ranch sign limited design and color (copper patina) Allow current Oro Valley Zoning Code sign standards to apply to the site The Planning and Zoning Commission will hear this case at the January 14 meeting. Staff will report on the results of that meeting at Council's January 22nd meeting.  BACKGROUND OR DETAILED INFORMATION: The zoning code requires a commercial development, with multiple tenants, to establish a set of sign standards specific to the development. Rooney Ranch, where the Bank of America is located, currently has a sign program that was established in 1998 (Attachment 2). That sign program limits the Bank of America site to copper patina letter colors and small logo sizes for their outdoor signs. Bank of America is proposing to be exempt from the 1998 Rooney Ranch sign standards and use the Town's sign standards from Chapter 28. This would allow the bank and future tenants of that site to install signs that meet chapter 28 of the zoning code through the standard sign permit process. History of signs for Bank of America property:  1989:  Rooney Ranch Planned Area Development (PAD) was created with sign standards that did not have specific sign color limitations 1996:  Bank of America sign package was approved by the Town's Development Review Board (DRB) with white, red and blue signs 1997:  Bank of America building was built and was the only building on the site  1998:  Rooney Ranch revised their sign program which started the copper patina color and logo size limits (Ord 98-50) The bank later installed wall signs with copper patina letters as shown in the first set of photos above The entire shopping center (Home Depot, the row of shops that includes restaurants and services, McDonald's, Taco Bell and the bank) should have one cohesive set of sign standards. Much like the current master sign program created in 2012 for the Rooney Ranch development where the Fry's and Target store are located across 1st Avenue. However, the ownership of this subject development has not been able to accomplish that goal due to lack of cohesion among key tenants, which has led to the front buildings (Taco Bell and McDonald's) to separately gain an exemption from the Rooney Ranch sign standards and establish their own separate sign standards:  McDonald's obtained a PAD Exemption in 2010 and chose to establish a master sign program specifically for their site. Taco Bell obtained a PAD Exemption in 2012 and chose to follow the Oro Valley Zoning Code sign standards. The bank is proposing to be released from the Rooney Ranch sign program, through a PAD exemption, in order to be able to follow the Oro Valley sign standards in chapter 28.    DISCUSSION AND ANALYSIS The proposal to exempt the Bank of America property from the Rooney Ranch PAD sign standards will release the property from the copper patina color and allow the Oro Valley sign standards to apply. The Oro Valley zoning code allows more color variety and sign types, which will allow the bank and any future tenant on the bank's property to install signs that meet the Town's zoning code.  SUMMARY The property where Bank of America is located is proposing a PAD sign exemption from a sign design that was established in 1998. The proposal will allow the bank to contain signage consistent with other surrounding properties. RECOMMENDATION The Planning and Zoning Commission recommends approving the proposed PAD sign exemption. FISCAL IMPACT: N/A SUGGESTED MOTION: The Town Council may wish to consider on of the following motions: I MOVE to APPROVE the PAD Sign Exemption for the Bank of America site at 10775 N. Oracle Road, based on a finding that the request is consistent with the Town Zoning Code.  I MOVE to DENY the PAD Sign Exemption for the Bank of America site at 10775 N. Oracle Road, based on a finding that the request is ___________________. Attachments Request from applicant  1998 Rooney Ranch Sign Program  Staff Presentation  To: Town of Oro Valley Mayor and Council 11000 N. La Canada Dr. Oro Valley, AZ From: Addisigns, Inc. 3808 E 38th St. Tucson, AZ 85713 Project name and address: Bank of America 10775 N. Oracle Rd. Tucson, AZ 85737 Rooney Ranch PAD, Area B, C-2 Request: Rooney Ranch PAD Standards (PAD Exemption) We would like to request exemption from the current Rooney Ranch Planned Area Development (PAD) standards for the following reason. The current guidelines call for copper patina with halo illumination and only allows a business logo up to 10 square feet in size. This Bank of America building was built before the Rooney Ranch Development Plan was put into place and has been allowed to keep their trademarked signage for all these years. Our request is for blue and red letters with illumination for two sets of Bank of America lettering. The current signage at this location utilizes the Bank of America red, white and blue logo. These new letters would be the updated versions of those signs with the new Bank of America logo. This is not an unusual request for this development. Other stores in this development such as McDonald’s, Taco Bell and Home Depot use their company’s logos on their buildings. We are asking to replace the existing building signage with their new logos. The wall signs would comply with the current Oro Valley sign code. We also request to update the two monument signs that Bank of America currently has. We plan to remove the sign that is on N. Oracle Rd on the McDonald’s property and place one approximately 385’ SW from the current location so that it will be on Bank of America’s property. The second monument sign along N 1st Ave we would like to move approximately 30’ SE so that it will be out from under the trees that have been planted there. Both of these monument signs are within the current Oro Valley sign code restrictions. This completes our request. Thank you for your consideration, Kelli Espinoza Permit Coordinator Addisigns, Inc. 3808 E 38th St, Tucson, AZ 85713 520-748-1540 / 915-433-1994 permits@addisigns.com Bank of America Planned Area Development Sign Exemption Public Hearing Town Council January 22, 2025 Purpose Applicant’s proposal: Rooney Ranch Planned Area Development (PAD) sign exemption for Bank of America Limits of PAD: Color: Copper patina Sign type: Reverse pan channel/halo illumination Allow Town’s Zoning Code sign standards which include: Color: Broader choices Sign type: Reverse plan channel/pan channel/internal illumination Location Map History: Current PAD Sign Standards History: Current Signs due to Rooney Ranch PAD History: Rooney Ranch PAD Signs Rooney Ranch Planned Area Development Sign program established 1998 Limits sign color and type One revised sign program not obtainable for this site Separate sign exemptions Prior PAD Sign Exemptions Created stand alone Master Sign Program Uses OVZC Sign Standards Follow OVZC Sign Standards Applicant's Proposal Comparison of PAD and Town Sign Standards Oro Valley sign standardsRooney Ranch PAD sign standards Individual letters (pan channel or reserve pan channel) Individual letters (reserve pan channel)Sign Type Various, except fluorescent or iridescent colorsCopper Patina onlyColor Federal or State registered logos allowed Size: Not to exceed overall allowance Any color but size limit of 10 sq ftLogos Halo or Internal Halo onlyIllumination 1 square foot of sign per 1 linear foot of building frontage 1 square foot of sign per 1 linear foot of building frontage Size 2 wall signs illuminated; third allowed if non- illuminated and building is single occupancy 2 wall signsQuantity Summary Applicant’s request Rooney Ranch PAD Sign Exemption Follow OVZC sign standards Broader color selection Sign type and illumination Recommendation Jan 14: Planning and Zoning Commission recommended approval    Town Council Regular Session 2. Meeting Date:01/22/2025   Requested by: Paul Keesler Submitted By:Paul Keesler, Public Works Department:Public Works SUBJECT: DISCUSSION AND DIRECTION TO THE APPLICANT, THE PHILLIPS COMPANY LLC, AND STAFF REGARDING THREE SEPARATE RIGHT-OF-WAY VACATION REQUESTS AT THE FOLLOWING LOCATIONS: 1) NORTHEAST INTERSECTION OF RANCHO VISTOSO BLVD. AND TANGERINE ROAD, 2) SOUTHEAST INTERSECTION OF 1ST AVE AND TANGERINE ROAD, AND 3) NORTHWEST INTERSECTION OF INNOVATION PARK DRIVE AND TANGERINE ROAD RECOMMENDATION: An application to vacate right-of-way (ROW) has been submitted. No action is being requested at this meeting, other than direction from the Council about whether they will be amenable to consider vacation once all conditions have been satisfied by the applicant. The Town must process the application, in which the Town Council could potentially do one of three things:  Vacate ROW to the applicant;1. Sell ROW at the previous purchase price to the Phillips Company LLC (approximately 10 dollars) after incurring publication costs; or 2. Do nothing to keep ROW as town property 3. Option 2 costs the town more money than it will likely yield as the likely price of yield is something less than 10 dollars. This realistically leaves the Council with one of the other two options as ultimately being viable when a vote is required. The ROW being requested is contained within an expanded area along Tangerine Road. The reason this expanded ROW geometry was created was to accommodate the area needed for a grade separated interchange, which is no longer needed or a realistic possibility. Therefore, there is not an apparent public benefit for the Town to continue to hold and control these portions of public ROW. As such, the Town Engineer has no objection to the ROW Vacation Request.   EXECUTIVE SUMMARY: Per the Town Code, Article 7-7-1, any person may apply to the Town Engineer’s Office for the vacating by the Town of all or a portion of any public street, alley or easement which is subject to being vacated by the Town pursuant to Arizona State Law. The Phillips Company LLC, owner of three ADOT newly created and auctioned parcels along Tangerine Road (see attachment A), is requesting that the Town vacate portions of adjacent Right-of-Way (ROW). However, this vacation cannot be accepted until the Town Council has formally approved it by a public vote. Since there is a substantial amount of work and cost in satisfying the Town Code Conditions of Approval, this item is being brought to Council first as a request for direction. If the Council is in favor of vacating said portions of Tangerine Road ROW (see below), then staff will work with the applicant to satisfy all required stipulations (see Attachment B - Conditions of Approval) for the transfer. Once all requirements are met, this item will be returned to the Council for a formal public vote of approval.  Regarding the context of the vacation requests, the Planning Division has previously processed three separate pre-applications (2300667, 2300668, 2300671) on the three properties to be potentially enlarged by these ROW vacation requests. The applicant intends to develop the areas with uses enabled by C-1 zoning (Requests 1 and 2, see images below) and Rancho Vistoso PAD Hospital zoning (request 3, see images below). Each of these sites are recognized as a significant challenge to develop due to their access constraints, limited size, significant slopes, grading required, setback requirements, riparian characteristics, drainage conditions etc. Requests 1 (top of above image) and 2 (bottom of above image) Request 3 BACKGROUND OR DETAILED INFORMATION: Overview of Properties Immediately Impacted by Requests (see images) Per the applicant, the ROW vacation requests serve to increase the size of each parcel for potential development. Significant challenges for development are shared between all three of the properties adjacent to and impacted by these requests; namely in relation to parcel size, 25% or greater slopes, drainage, setbacks, building heights, extent of grading required and access to Tangerine Road. Staff anticipate that development of each of these parcels will require PAD amendments, variance and/or exception requests. 1. Northeast Corner of Tangerine Road and Rancho Vistoso Blvd (Safeway Plaza)  Zoning: Rancho Vistoso PAD C-1 (e.g., Restaurant, Office, Retail uses) Size: 1.26 Acres 2. Southeast Corner of Tangerine Road and 1st Avenue  Zoning: Town of Oro Valley C-1 (e.g., Restaurant, Office, Retail uses) Size: 1.29 Acres Properties adjacent Requests 1 (top of image) and 2 (bottom of image). Each contour line represents a 2 foot elevation difference. 3. Northwest Corner of Tangerine Road and Innovation Park Drive (Hospital Campus)   Zoning: Rancho Vistoso PAD Hospital (e.g., Medical Office, Laboratory, Urgent Care primary use and accessory uses such as restaurants) Size: 1.19 Acres Properties adjacent Request 3. Each contour line represents a 2 foot elevation difference. The Town Code, Section 7-7, allows for the vacation of existing public ROW: Any person may apply to the Town Engineer’s Office for the vacating by the Town of all or a portion of any public street, alley or easement which is subject to being vacated by the Town pursuant to Arizona State Law. State Law governing such requests is: A.R.S. §28-7207(3) Once an abandoned right of way is acquired from the state, it can only be disposed of as provided under Arizona Revised Statutes Title 28, Chapter 20, Article 8.  Article 8 provides two ways for disposition, either sale (A.R.S. 28-7204) or vacating/abandoning the property (A.R.S. §28-7205). ARS § 28-7202 If a governing body determines that a public roadway owned by the city, town, county or state or a portion of the roadway is not necessary for public use as a roadway, the governing body may dispose of or use the roadway as provided in this article. The approval is done under recommendation by the Town Engineer under their powers and authority pursuant to OVTC 3-2-4.  ARS § 28-7204 The sale statute, A.R.S. §28-7204, provides in relevant parts: A. The governing body may authorize the director to sell and convey the land within the roadway or portion of the roadway by quitclaim deed.  C. At least sixty days before the date of the sale, a notice of sale describing the roadway or portion of the roadway to be sold shall:  D. Abutting owners of record in whom title to a portion of the roadway would vest under section 28-7205 may deliver, at the sale or at any time before the sale, to the clerk or secretary of the governing body or the director, in the case of this state, a written offer to purchase the portion or a part of the portion for the consideration paid for the land by the city, town, county or state, whichever first acquired the land within the roadway for public use. If an offer is submitted in a timely manner, it shall be preferred over all other offers.  ARS § 28-7205 If the roadway is a city, town or county roadway, the governing body may resolve that the roadway or portion of the roadway be vacated. On the making of the resolution, title to the roadway or portion of the roadway vests, subject to the same encumbrances, liens, limitations, restrictions and estates as exist on the land to which it accrues, as follows: A history of the ROW in question is:  Over the following years, the Rancho Vistoso PAD developed at a much lower density than planned. As such, the anticipated traffic volume was not realized. So the need for grade separated interchanges has not and will not materialize as the Rancho Vistoso PAD is approaching buildout.  Staff concurs with the applicant's request and does not see any present or future benefit of this ROW to the public. Vacation of this ROW will not create any additional land-locked parcels. The necessary ROW the Town deems important to hold and maintain is the center 300 f.t., which would make it generally consistent with the balance of Tangerine Rd. within Oro Valley. Moreover, when the State transferred this section of Tangerine Rd. to the Town, they held back immediate intersection parcels to sell at a future date. The ADOT-held remnants were sold at auction. Details of vacation:  Be posted at intervals of no more than one mile and in at least three places on or along the side of the roadway.1. Make specific reference to this section.2. State that a person may submit purchase offers and that abutting owners have preference rights pursuant to this article.3. Be delivered or mailed to abutting owners of record if their addresses are known or can be readily discovered.4. If a roadway that is the exterior boundary of a subdivision or other tract of land is vacated, title to the roadway vests in the owners of the land abutting the vacated roadway to the same extent that the land included within the roadway, at the time the roadway was acquired for public use, was a part of the subdivided land or was a part of the adjacent land.  5. If less than the entire width of the roadway is vacated, title to the vacated portion vests in the owners of the land abutting the vacated portion.  6. If a roadway bounded by straight lines is vacated, title to the vacated roadway vests in the owners of the abutting land and each abutting owner takes to the center of the roadway, except as provided in paragraphs 1 and 2. If the boundary lines of abutting lands do not intersect the roadway at a right angle, the land included within the roadway vests as provided in paragraph 4.  7. In all instances not specifically provided for, title to the vacated roadway vests in the owners of the abutting land, and each abutting owner takes that portion of the vacated roadway to which the abutting owner's land or any part of the abutting owner's land is nearest in proximity.  8. On vacation of a roadway no portion accrues to an abutting roadway.9. During the original development of the Rancho Vistoso Planned Area Development, the Tangerine Road ROW was dedicated to the Arizona Department of Transportation (ADOT). It was during the development of the RV PAD that the concept of grade separated interchanges was conceived. The intersections of 1st Ave./RV Blvd/Tangerine and Innovation Park Rd./Tangerine Rd. and Oracle Rd./Tangerine Rd. were planned to be developed as grade separated interchanges due to anticipated traffic volumes. These grade separated interchanges required widened ROW sections to accommodate the geometry of the associated street design. At the time of the original transfer to the State of Arizona, the deed indicates property was transferred for $10 and other unspecified considerations.  ADOT assigned the State Route designation, SR 989 to Tangerine Road. Over the following years, ADOT retracted the State Route designation to Tangerine Road. They started to transfer portions of the ROW back to the surrounding local jurisdictions (Marana, Pima County and the Town of Oro Valley). On 4/7/17, the Town acquires the last section of State-held Tangerine ROW, from 1st Avenue to Oracle Road (which includes the subject portion of ROW) from the State via State’s right of way abandonment process A.R.S. §28-7209.  FISCAL IMPACT: There is no fiscal impact on the town. SUGGESTED MOTION: No motion is required. Staff and the applicant are only seeking direction from Council. Attachments Attachment A - Vacation request locations  Attachment B - Conditions of approval  Staff Presentation  Attachment A – Applicant Owned Parcels and Vacation Request Venture West Parcel 7I Safeway VCA VCA Capri Co LLC Oro Valley Retail Center 1st Ave. Vacation Request Vacation Requests Applicant Parcel Tangerine Rd. Venture West OV Hospital Innovation Park Dr. Vacation Request OVVC OVVC Water Harvest Way Attachment B – Conditions of Approval Per Town Code Section 7-7-1: All such applications for vacating shall be submitted for project review upon forms prepared and available from the Town Engineer’s office and shall be accompanied by the following information: A. An accurate legal description and map of the street, alley or easement, or part thereof, sought to be vacated. The map must include an accurate list of properties abutting the property to be vacated along with current property owners’ names and addresses including all persons, partnerships, corporations or other entities owning abutting property. A current title report shall be submitted at the time of the application showing all current owners of the abutting properties. Town Engineer Comment: Since there are no abutting properties other than the applicant and existing ROW, the Title report requirement is null & void and not required. Only the following will need to be provided to support the above: • An accurate legal description and map of the street, alley or easement, or part thereof, sought to be vacated. • Representation of the Tangerine Road ROW centerline, by metes & bounds. • Certification by an Arizona registered land surveyor that the requested vacation area will maintain a 150ft half ROW width after conveyance of said land to the applicant. This certification shall be graphically represented via metes & bounds and be sealed by certifying land surveyor. B. Permission and authorization for the requested vacating from all affected public utilities. C. A complete, written explanation by the applicant why the vacating is sought, and why it is felt that the Town no longer requires the use of said property for public purposes. D. Applicant shall furnish at time of the application appropriate Quit Claim Deed forms setting forth accurate legal descriptions of the property proposed to be conveyed by the Town pursuant to the request of vacating for vacating. The Quit Claim Deeds shall be in a form sufficient to convey title in the manner set forth in ARS 28-1902 et seq. Philips’ ROW Vacation Requests:Three Parcels Along Tangerine Road January 22nd, 2025 Vacation Requests Vacation Requests Vacation Request Details The purpose of the triangular request(s) is to abide by the State Statutory proximity requirements as to who may receive which section of ROW The ROW being requested is contained within an expanded ROW area along Tangerine Road. •The reason this expanded ROW geometry was created was to accommodate the area needed for a grade separated interchange, which is no longer needed or a realistic possibility. •Therefore, there is not an apparent public benefit for the Town to continue to hold and control these portions of public ROW. As such, the Town Engineer has no objection to the ROW Vacation Request provided all conditions of approval are met. Vacation Request Process Per the Town Code, Article 7-7-1, any person may apply to for the vacating of all or a portion of any public street, alley or easement. •An application to vacate right-of-way (ROW) has been submitted. •The Town must process the application, in which the Town Council could potentially do one of three things: 1.Vacate ROW to the applicant; 2.Sell ROW at the previous purchase price to the Phillips Company LLC (approximately 10 dollars) after incurring publication costs; or 3.Do nothing to keep ROW as town property •This process is governed by State law •Since there is a substantial amount of work and cost in satisfying the Town Code Conditions of Approval, this item is being brought to Council first as a request for direction. Vacation Request Process Town Code requirements are: •An accurate legal description of vacation(s) •A map which must include an accurate list of properties abutting the property to be vacated •A current title report shall be submitted at the time of the application showing all current owners of the abutting properties •Permission and authorization for the requested vacating from all affected public utilities •A complete, written explanation by the applicant why the vacating is sought •Quit Claim Deed forms Can only be granted by the Town Council through a public hearing process The decision to grant the request for vacating shall be solely at the discretion of the Town Council Vacation Request Process In addition, staff is requiring: •An accurate legal description and map of the street, alley or easement, or part thereof, sought to be vacated. •Representation of the Tangerine Road ROW centerline, by metes & bounds. •Certification by an Arizona registered land surveyor that the requested vacation area will maintain a 150ft half ROW These requirements will confirm that the vacation request will maintain a minimum 300ft wide ROW for the Town. Vacation Request Process Is there any additional information Council needs to consider this request?    Town Council Regular Session 3. Meeting Date:01/22/2025   Requested by: Councilmember Robb and Vice Mayor Barrett  Submitted By:Mike Standish, Town Clerk's Office Department:Town Clerk's Office SUBJECT: DISCUSSION AND POSSIBLE ACTION TO POST CALLE BUENA VISTA  AS A NO PARKING ZONE BETWEEN CALLE CONCORDIA AND LINDA VISTA BLVD RECOMMENDATION: N/A EXECUTIVE SUMMARY: This item was requested by Councilmember Robb and Vice Mayor Barrett. BACKGROUND OR DETAILED INFORMATION: Parking within the Town of Oro Valley is regulated by Town Code, Chapter 11 - Traffic; Motor Vehicles, Section 11-4 - Parking. Parking is allowed on Town public streets under the following Town Code criteria:  Section 11-4-1 Except as otherwise provided by resolution of the council, every vehicle stopped or parked upon a roadway where there are adjacent curbs shall be so stopped or parked with the right hand wheels of such vehicle parallel to and within eighteen (18") inches of the right hand curb. And control of said parking is specified within the Town Code, Section 11-4-2 A. Pursuant to ARS 28-643 and within the reasonable exercise of the Oro Valley Police power, the local authority shall place and maintain the traffic control devices on highways under their jurisdiction as they deem necessary to indicate and to carry out local traffic ordinances or to regulate, warn or guide traffic. All traffic control devices erected shall conform to the manual and specifications prescribed in ARS 28-641. B. The Police Chief or Town Engineer, upon approval by the Council, may erect signs requiring parking at an angle to the curb, allowing parking on the left hand curb on one-way streets, notifying drivers that parking is prohibited, and restricting parking in any way that may be necessary. No parking restrictions shall become effective until such restricted parking area is specifically designated by resolution of the Council and signs have been erected or written notice given as authorized by this Section; provided, that all signs restricting parking now in place are hereby ratified and approved as so placed. It is a civil traffic violation for any person to stop or stand a vehicle in disobedience to such parking restrictions. C. In lieu of providing signage, the Town may attach a written notice to the owner of record of the vehicle, giving the responsible individual twenty-four (24) hours to remove the vehicle. ((O)01-01, 01/17/2001)    Over recent years, there have been several neighborhood requests to stop attendees of the Oro Valley Church of the Nazarene (OVCN) from parking on either side of Calle Buena Vista, North of Calle Concordia. This issue has been discussed by the Traffic Safety Committee (TSC). The general consensus of the TSC, supported by both the Town Engineer and Police Chief, is that there has not been a safety issue present that substantiates the the Town Engineer and Police Chief, is that there has not been a safety issue present that substantiates the removal of a public right to park within said right-of-way (ROW):  Over the past 10 years, there have been 31 accidents recorded within this area - which translates to 3.1 accidents per year. Please see Attachment A - Accident History Over the past 10 years, of these 31 known accidents, none have occurred on a Sunday. The speed limit of Calle Buena Vista is 25mph. The speed limit of Calle Concordia is 25mph (east) and 30mph (west). There is an amply wide off pavement, within the ROW graded shoulder that can safely park vehicles off and out of the way of the Calle Buena Vista paved street section. However, the ultimate parking allowance choice, for community fit and functionality rests with the Town Council. There are no physical issues or traffic warrants that would be affected one way or the other regarding Council's direction on whether to allow or prohibit parking within the Calle Buena Vista ROW.  Of note, if parking is prohibited on Calle Buena Vista north of Calle Concordia, there is a possibility that some may park to the south of Calle Concordia. Since the same conditions exist south of Calle Concordia to Calle Buena Vista, Council may want to wait to see if said OVCN parking transfers to this location before enacting additional parking controls. FISCAL IMPACT: N/A SUGGESTED MOTION: I MOVE to... Attachments Attachment A - Accident History  Incident ID Incident Microfilm Incident Date & Time Incident On Road Incident Crossing Feature Incident Offset Incident Injury Severity Description Incident First Harmful Description Incident Collision Manner Desc Incident Light Condition Desc Incident Weather Desc Incident Intersection Type Desc Incident Junction Relation Desc Incident Traffic Way Type Desc Incident File Number Investigating Agency City/County Location Unit Body Style Desc Unit Travel Direction Desc Unit Action Desc Unit Road Condition Desc1 Unit Surface Condition Desc1 Unit Env Condition Desc1 Unit Defect Desc1 Unit Number Unit Event Sequence Desc1 Unit Event Sequence Desc2 Unit Event Sequence Desc3 Unit Event Sequence Desc4 Lane Person Type Desc Person Safety Device Desc Person Violation Desc1 Person Physical Desc0 Person Physical Desc1 Person Physical Desc2 Person Physical Desc3 Person Physical Desc4 Person Physical Desc5 Person Physical Desc6 Person Physical Desc7 Person Physical Desc97 Person Physical Desc99 Latitude Longitude X Y Geocode On Road Geocode Crossing Feature Geocode Offset (miles) Geocode Owner Report Type 2873838 7/18/2014 12:39:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Utility Pole Light Support Single Vehicle Dark Not Lighted Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 14070804 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Utility Pole Light Support 1 - Lane 1 Driver Unknown Ran Stop Sign 4 - Alcohol 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 2915587 12/30/2014 5:20:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Left Turn Daylight Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 14121312 Oro Valley Oro Valley Passenger Cv Convertible 1 - North Making Left Turn No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Other 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 2915587 12/30/2014 5:20:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Left Turn Daylight Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 14121312 Oro Valley Oro Valley Passenger 12Vn Van 1 2 Ton 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 2950700 4/18/2015 3:51:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 Possible Injury Pedalcycle Other Daylight Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 15040871 Oro Valley Oro Valley Passenger 12Pu Pickup 1 2 Ton 2 - South Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Pedalcycle 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.163 500917.393 Calle Buena Vista Calle Concordia 0 Paper 2950700 4/18/2015 3:51:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 Possible Injury Pedalcycle Other Daylight Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 15040871 Oro Valley Oro Valley Invalid 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Pedalcyclist Not Applicable No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.163 500917.393 Calle Buena Vista Calle Concordia 0 Paper 3048587 1/22/2016 3:42:00 PM 10 CALLE CONCORDIA Calle Buena Vista 130 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 16011132 Oro Valley Oro Valley Passenger 12Pu Pickup 1 2 Ton 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Other 0 - No Apparent Influence 32.374 -110.978 989748.812 500917.196 Calle Concordia Calle Buena Vista 0.025 Paper 3048587 1/22/2016 3:42:00 PM 10 CALLE CONCORDIA Calle Buena Vista 130 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 16011132 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 4 - West Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.978 989748.812 500917.196 Calle Concordia Calle Buena Vista 0.025 Paper 3048609 2/2/2016 4:30:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 16020117 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead Unknown Dry Unknown Unknown 1 Motor Vehicle In Transport 1 - Lane 1 Driver Unknown Failed To Yield Right Of Way 99 - Unknown 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 3048609 2/2/2016 4:30:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 16020117 Oro Valley Oro Valley Passenger 2Dhb Hatchback 2 Dr 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 3179664 12/20/2016 12:35:00 PM 10 CALLE CONCORDIA Calle Buena Vista -70 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 16120956 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 4 - West Slowing In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.979 989547.45 500915.857 Calle Concordia Calle Buena Vista -0.013 Paper 3179664 12/20/2016 12:35:00 PM 10 CALLE CONCORDIA Calle Buena Vista -70 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 16120956 Oro Valley Oro Valley Passenger 12Pu Pickup 1 2 Ton 4 - West Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989547.45 500915.857 Calle Concordia Calle Buena Vista -0.013 Paper 3211155 3/6/2017 3:58:00 PM 10 CALLE CONCORDIA Calle Buena Vista 30 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 17030257 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 4 - West Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport L1 - Left Turn 1 Driver Shoulder And Lap Belt Followed Too Closely 0 - No Apparent Influence 32.374 -110.978 989647.364 500916.822 Calle Concordia Calle Buena Vista 0.006 Paper 3211155 3/6/2017 3:58:00 PM 10 CALLE CONCORDIA Calle Buena Vista 30 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 17030257 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport L1 - Left Turn 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.978 989647.364 500916.822 Calle Concordia Calle Buena Vista 0.006 Paper 3282610 9/25/2017 8:22:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Left Turn Dark Not Lighted Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 17091235 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 4 - West Making Left Turn No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3282610 9/25/2017 8:22:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Left Turn Dark Not Lighted Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 17091235 Oro Valley Oro Valley Truck Vn Van 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3303066 11/14/2017 3:44:00 PM 10 CALLE CONCORDIA Calle Buena Vista 100 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 17110687 Oro Valley Oro Valley Passenger Sw Station Wagon 99 - Unknown Going Straight Ahead Road Surface Condition Dry 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.978 989717.341 500917.08 Calle Concordia Calle Buena Vista 0.019 Paper 3303066 11/14/2017 3:44:00 PM 10 CALLE CONCORDIA Calle Buena Vista 100 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 17110687 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 4 - West Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.978 989717.341 500917.08 Calle Concordia Calle Buena Vista 0.019 Paper 3455311 11/19/2018 1:58:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way One Way Trafficway 18110889 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3455311 11/19/2018 1:58:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way One Way Trafficway 18110889 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3470379 12/5/2018 6:01:00 AM 10 CALLE CONCORDIA Calle Buena Vista -100 No Injury Utility Pole Light Support Single Vehicle Dark Not Lighted Clear Not At An Intersection Not Junction Related Two Way Not Divided 18120195 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Ran Off Road Left Cross Centerline Other Fixed Object Utility Pole Light Support 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Keep In Proper Lane 3 - Fell Asleep Fatigued 32.374 -110.979 989517.482 500915.491 Calle Concordia Calle Buena Vista -0.019 Paper 3485628 2/8/2019 5:48:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 No Injury Other Fixed Object Single Vehicle Daylight Clear Not Reported Intersection 4 Way Two Way Not Divided 19020447 Oro Valley Oro Valley Not Reported 99 - Unknown Unknown Unknown Dry Unknown Unknown 1 Other Fixed Object 51 - Unknown Driver Unknown Other 51 - Unknown Condition 32.374 -110.979 989617.385 500916.722 Calle Buena Vista Calle Concordia 0 Paper 3583958 10/29/2019 3:41:00 PM 10 CALLE CONCORDIA Calle Buena Vista 100 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided With Continuous Left Turn Lane 19101394 Oro Valley Oro Valley Passenger Cv Convertible 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 51 - Unknown Condition 32.374 -110.978 989717.341 500917.08 Calle Concordia Calle Buena Vista 0.019 Paper 3583958 10/29/2019 3:41:00 PM 10 CALLE CONCORDIA Calle Buena Vista 100 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided With Continuous Left Turn Lane 19101394 Oro Valley Oro Valley Passenger 2Dsd Sedan 2 Dr 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 51 - Unknown Condition 32.374 -110.978 989717.341 500917.08 Calle Concordia Calle Buena Vista 0.019 Paper 3583958 10/29/2019 3:41:00 PM 10 CALLE CONCORDIA Calle Buena Vista 100 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided With Continuous Left Turn Lane 19101394 Oro Valley Oro Valley Truck Vn Van 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 3 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 51 - Unknown Condition 32.374 -110.978 989717.341 500917.08 Calle Concordia Calle Buena Vista 0.019 Paper 3622724 1/30/2020 7:54:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Left Turn Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median 20011396 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 3622724 1/30/2020 7:54:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Left Turn Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median 20011396 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Making Left Turn No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 3622757 1/9/2020 8:09:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided 20010387 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead Unknown Dry Unknown Unknown 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 3622757 1/9/2020 8:09:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided 20010387 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 3654172 2/7/2020 8:24:00 AM 10 CALLE CONCORDIA Calle Buena Vista 150 Suspected Minor Injury Motor Vehicle In Transport Other Daylight Clear Not At An Intersection Not Junction Related One Way Trafficway 20020279 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.978 989767.325 500917.264 Calle Concordia Calle Buena Vista 0.028 Paper 3654172 2/7/2020 8:24:00 AM 10 CALLE CONCORDIA Calle Buena Vista 150 Suspected Minor Injury Motor Vehicle In Transport Other Daylight Clear Not At An Intersection Not Junction Related One Way Trafficway 20020279 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 99 - Unknown Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.978 989767.325 500917.264 Calle Concordia Calle Buena Vista 0.028 Paper 3654172 2/7/2020 8:24:00 AM 10 CALLE CONCORDIA Calle Buena Vista 150 Suspected Minor Injury Motor Vehicle In Transport Other Daylight Clear Not At An Intersection Not Junction Related One Way Trafficway 20020279 Oro Valley Oro Valley Truck Vn Van 3 - East Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 3 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.978 989767.325 500917.264 Calle Concordia Calle Buena Vista 0.028 Paper 3654189 2/12/2020 1:47:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median 20020525 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3654189 2/12/2020 1:47:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median 20020525 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3768839 4/9/2021 8:00:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Not Divided 21040358 Oro Valley Oro Valley Passenger Pu Pickup 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3768839 4/9/2021 8:00:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Not Divided 21040358 Oro Valley Oro Valley Passenger Jp Jeep 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3830238 10/26/2021 9:19:00 AM 10 CALLE BUENA VISTA Calle Concordia 0 Suspected Minor Injury Pedalcycle Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection One Way Trafficway V21101050 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Pedalcycle 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.389 500916.712 Calle Buena Vista Calle Concordia 0 Electronic 3830238 10/26/2021 9:19:00 AM 10 CALLE BUENA VISTA Calle Concordia 0 Suspected Minor Injury Pedalcycle Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection One Way Trafficway V21101050 Oro Valley Oro Valley Invalid 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances 2 Motor Vehicle In Transport Bl - Dedicated Bike Lane Pedalcyclist Not Applicable No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.389 500916.712 Calle Buena Vista Calle Concordia 0 Electronic 3834942 11/10/2021 4:11:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Related Two Way Not Divided V21110418 Oro Valley Oro Valley Unknown 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3834942 11/10/2021 4:11:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Related Two Way Not Divided V21110418 Oro Valley Oro Valley Unknown 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3867021 2/3/2022 9:00:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Related Two Way Not Divided V22020094 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 2 - South Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Disregarded Traffic Signal 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3867021 2/3/2022 9:00:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Related Two Way Not Divided V22020094 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3899445 4/27/2022 6:17:00 PM 10 CALLE CONCORDIA Calle Buena Vista 5 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided V22041148 Oro Valley Oro Valley Truck Tk Truck 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.979 989622.372 500916.73 Calle Concordia Calle Buena Vista 0.001 Electronic 3899445 4/27/2022 6:17:00 PM 10 CALLE CONCORDIA Calle Buena Vista 5 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided V22041148 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 4 - West Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989622.372 500916.73 Calle Concordia Calle Buena Vista 0.001 Electronic 3970933 11/19/2022 12:50:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Two Way Not Divided V22110790 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3970933 11/19/2022 12:50:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Two Way Not Divided V22110790 Oro Valley Oro Valley Passenger 2Dcv Convertible 2 Dr 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3973475 11/22/2022 4:48:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Traffic Signal Support Single Vehicle Daylight Clear Not Reported Intersection Related Two Way Not Divided V22110906 Oro Valley Oro Valley Unknown 2 - South Making Left Turn No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Traffic Sign Support 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3977385 11/21/2022 4:18:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Not Divided V22110874 Oro Valley Oro Valley Unknown 2 - South Going Straight Ahead Dry Moving Vehicle 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3977385 11/21/2022 4:18:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Not Divided V22110874 Oro Valley Oro Valley Unknown 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3995864 1/30/2023 8:19:00 AM 10 CALLE BUENA VISTA Calle Concordia 25 No Injury Traffic Sign Support Single Vehicle Daylight Clear Not Reported Intersection Related Two Way Not Divided V23011212 Oro Valley Oro Valley Unknown 2 - South Making Right Turn Dry Glare Sunlight 1 Ran Off Road Right Traffic Sign Support 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Keep In Proper Lane 0 - No Apparent Influence 32.374 -110.979 989608.939 500942.263 Calle Buena Vista Calle Concordia 0.005 Electronic 4022026 3/28/2023 11:52:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Other Fixed Object Single Vehicle Dark Not Lighted Clear Not Reported Intersection 4 Way Two Way Not Divided V23031103 Oro Valley Oro Valley Truck Tk Truck 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Other Fixed Object 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 4 - Alcohol 32.374 -110.979 989617.389 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 4076648 8/24/2023 4:18:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median V23081114 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 2 - South Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 4076648 8/24/2023 4:18:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median V23081114 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 4076648 8/24/2023 4:18:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median V23081114 Oro Valley Oro Valley Truck Tk Truck 4 - West Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 3 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 4076648 8/24/2023 4:18:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median V23081114 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 4 - West Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 4 Motor Vehicle In Transport 1 - Lane 1 Driver Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 4116980 12/9/2023 2:58:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Two Way Not Divided V23120390 Oro Valley Oro Valley Passenger 12Pu Pickup 1 2 Ton 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.389 500916.712 Calle Buena Vista Calle Concordia 0 Electronic 4116980 12/9/2023 2:58:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Two Way Not Divided V23120390 Oro Valley Oro Valley Unknown 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.389 500916.712 Calle Buena Vista Calle Concordia 0 Electronic 4140493 2/3/2024 1:17:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Not Junction Related Unknown V24020134 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.389 500916.712 Calle Buena Vista Calle Concordia 0 Electronic 4140493 2/3/2024 1:17:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Not Junction Related Unknown V24020134 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.389 500916.712 Calle Buena Vista Calle Concordia 0 Electronic 4194440 6/20/2024 11:28:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Cloudy Not Reported Intersection Two Way Divided Unprotected Painted 4 Feet Median V24060845 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 4194440 6/20/2024 11:28:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Cloudy Not Reported Intersection Two Way Divided Unprotected Painted 4 Feet Median V24060845 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 2 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt No Improper Action 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic Incident ID Incident Microfilm Incident Date & Time Incident On Road Incident Crossing Feature Incident Offset Incident Injury Severity Description Incident First Harmful Description Incident Collision Manner Desc Incident Light Condition Desc Incident Weather Desc Incident Intersection Type Desc Incident Junction Relation Desc Incident Traffic Way Type Desc Incident File Number Investigating Agency City/County Location Unit Body Style Desc Unit Travel Direction Desc Unit Action Desc Unit Road Condition Desc1 Unit Surface Condition Desc1 Unit Env Condition Desc1 Unit Defect Desc1 Unit Number Unit Event Sequence Desc1 Unit Event Sequence Desc2 Unit Event Sequence Desc3 Unit Event Sequence Desc4 Lane Person Type Desc Person Safety Device Desc Person Violation Desc1 Person Physical Desc0 Person Physical Desc1 Person Physical Desc2 Person Physical Desc3 Person Physical Desc4 Person Physical Desc5 Person Physical Desc6 Person Physical Desc7 Person Physical Desc97 Person Physical Desc99 Latitude Longitude X Y Geocode On Road Geocode Crossing Feature Geocode Offset (miles) Geocode Owner Report Type 2873838 7/18/2014 12:39:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Utility Pole Light Support Single Vehicle Dark Not Lighted Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 14070804 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Utility Pole Light Support 1 - Lane 1 Driver Unknown Ran Stop Sign 4 - Alcohol 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 2915587 12/30/2014 5:20:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Left Turn Daylight Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 14121312 Oro Valley Oro Valley Passenger Cv Convertible 1 - North Making Left Turn No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Other 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 2950700 4/18/2015 3:51:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 Possible Injury Pedalcycle Other Daylight Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 15040871 Oro Valley Oro Valley Passenger 12Pu Pickup 1 2 Ton 2 - South Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Pedalcycle 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.163 500917.393 Calle Buena Vista Calle Concordia 0 Paper 3048587 1/22/2016 3:42:00 PM 10 CALLE CONCORDIA Calle Buena Vista 130 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 16011132 Oro Valley Oro Valley Passenger 12Pu Pickup 1 2 Ton 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Other 0 - No Apparent Influence 32.374 -110.978 989748.812 500917.196 Calle Concordia Calle Buena Vista 0.025 Paper 3048609 2/2/2016 4:30:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 16020117 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead Unknown Dry Unknown Unknown 1 Motor Vehicle In Transport 1 - Lane 1 Driver Unknown Failed To Yield Right Of Way 99 - Unknown 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 3179664 12/20/2016 12:35:00 PM 10 CALLE CONCORDIA Calle Buena Vista -70 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 16120956 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 4 - West Slowing In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.979 989547.45 500915.857 Calle Concordia Calle Buena Vista -0.013 Paper 3211155 3/6/2017 3:58:00 PM 10 CALLE CONCORDIA Calle Buena Vista 30 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 17030257 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 4 - West Stopped In Trafficway No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport L1 - Left Turn 1 Driver Shoulder And Lap Belt Followed Too Closely 0 - No Apparent Influence 32.374 -110.978 989647.364 500916.822 Calle Concordia Calle Buena Vista 0.006 Paper 3282610 9/25/2017 8:22:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Left Turn Dark Not Lighted Clear Four Way Intersection Intersection Non Interchange Two Way Not Divided 17091235 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 4 - West Making Left Turn No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3303066 11/14/2017 3:44:00 PM 10 CALLE CONCORDIA Calle Buena Vista 100 No Injury Motor Vehicle In Transport Rear End Daylight Clear Four Way Intersection Intersection Related Non Interchange Two Way Not Divided 17110687 Oro Valley Oro Valley Passenger Sw Station Wagon 99 - Unknown Going Straight Ahead Road Surface Condition Dry 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.978 989717.341 500917.08 Calle Concordia Calle Buena Vista 0.019 Paper 3455311 11/19/2018 1:58:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way One Way Trafficway 18110889 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3470379 12/5/2018 6:01:00 AM 10 CALLE CONCORDIA Calle Buena Vista -100 No Injury Utility Pole Light Support Single Vehicle Dark Not Lighted Clear Not At An Intersection Not Junction Related Two Way Not Divided 18120195 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Ran Off Road Left Cross Centerline Other Fixed Object Utility Pole Light Support 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Keep In Proper Lane 3 - Fell Asleep Fatigued 32.374 -110.979 989517.482 500915.491 Calle Concordia Calle Buena Vista -0.019 Paper 3485628 2/8/2019 5:48:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 No Injury Other Fixed Object Single Vehicle Daylight Clear Not Reported Intersection 4 Way Two Way Not Divided 19020447 Oro Valley Oro Valley Not Reported 99 - Unknown Unknown Unknown Dry Unknown Unknown 1 Other Fixed Object 51 - Unknown Driver Unknown Other 51 - Unknown Condition 32.374 -110.979 989617.385 500916.722 Calle Buena Vista Calle Concordia 0 Paper 3583958 10/29/2019 3:41:00 PM 10 CALLE CONCORDIA Calle Buena Vista 100 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided With Continuous Left Turn Lane 19101394 Oro Valley Oro Valley Passenger Cv Convertible 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 51 - Unknown Condition 32.374 -110.978 989717.341 500917.08 Calle Concordia Calle Buena Vista 0.019 Paper 3622724 1/30/2020 7:54:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Left Turn Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median 20011396 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 3622757 1/9/2020 8:09:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided 20010387 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead Unknown Dry Unknown Unknown 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.979 989619.005 500916.718 Calle Concordia Calle Buena Vista 0 Paper 3654172 2/7/2020 8:24:00 AM 10 CALLE CONCORDIA Calle Buena Vista 150 Suspected Minor Injury Motor Vehicle In Transport Other Daylight Clear Not At An Intersection Not Junction Related One Way Trafficway 20020279 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 3 - East Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.978 989767.325 500917.264 Calle Concordia Calle Buena Vista 0.028 Paper 3654189 2/12/2020 1:47:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median 20020525 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3768839 4/9/2021 8:00:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Not Divided 21040358 Oro Valley Oro Valley Passenger Pu Pickup 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Paper 3830238 10/26/2021 9:19:00 AM 10 CALLE BUENA VISTA Calle Concordia 0 Suspected Minor Injury Pedalcycle Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection One Way Trafficway V21101050 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Pedalcycle 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.389 500916.712 Calle Buena Vista Calle Concordia 0 Electronic 3834942 11/10/2021 4:11:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Related Two Way Not Divided V21110418 Oro Valley Oro Valley Unknown 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3867021 2/3/2022 9:00:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Related Two Way Not Divided V22020094 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 2 - South Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Disregarded Traffic Signal 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3899445 4/27/2022 6:17:00 PM 10 CALLE CONCORDIA Calle Buena Vista 5 No Injury Motor Vehicle In Transport Rear End Daylight Clear Not Reported Intersection Related Two Way Not Divided V22041148 Oro Valley Oro Valley Truck Tk Truck 4 - West Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.979 989622.372 500916.73 Calle Concordia Calle Buena Vista 0.001 Electronic 3970933 11/19/2022 12:50:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Two Way Not Divided V22110790 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3973475 11/22/2022 4:48:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 No Injury Traffic Signal Support Single Vehicle Daylight Clear Not Reported Intersection Related Two Way Not Divided V22110906 Oro Valley Oro Valley Unknown 2 - South Making Left Turn No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Traffic Sign Support 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3977385 11/21/2022 4:18:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Not Divided V22110874 Oro Valley Oro Valley Unknown 2 - South Going Straight Ahead Dry Moving Vehicle 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 3995864 1/30/2023 8:19:00 AM 10 CALLE BUENA VISTA Calle Concordia 25 No Injury Traffic Sign Support Single Vehicle Daylight Clear Not Reported Intersection Related Two Way Not Divided V23011212 Oro Valley Oro Valley Unknown 2 - South Making Right Turn Dry Glare Sunlight 1 Ran Off Road Right Traffic Sign Support 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Keep In Proper Lane 0 - No Apparent Influence 32.374 -110.979 989608.939 500942.263 Calle Buena Vista Calle Concordia 0.005 Electronic 4022026 3/28/2023 11:52:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Other Fixed Object Single Vehicle Dark Not Lighted Clear Not Reported Intersection 4 Way Two Way Not Divided V23031103 Oro Valley Oro Valley Truck Tk Truck 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Other Fixed Object 1 - Lane 1 Driver Shoulder And Lap Belt Speed Too Fast For Conditions 4 - Alcohol 32.374 -110.979 989617.389 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 4076648 8/24/2023 4:18:00 PM 10 CALLE CONCORDIA Calle Buena Vista 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection 4 Way Two Way Divided Unprotected Painted 4 Feet Median V23081114 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 2 - South Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic 4116980 12/9/2023 2:58:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 Suspected Minor Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Intersection Two Way Not Divided V23120390 Oro Valley Oro Valley Passenger 12Pu Pickup 1 2 Ton 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.389 500916.712 Calle Buena Vista Calle Concordia 0 Electronic 4140493 2/3/2024 1:17:00 PM 10 CALLE BUENA VISTA Calle Concordia 0 No Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Clear Not Reported Not Junction Related Unknown V24020134 Oro Valley Oro Valley Passenger 4Dsd Sedan 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.389 500916.712 Calle Buena Vista Calle Concordia 0 Electronic 4194440 6/20/2024 11:28:00 AM 10 CALLE CONCORDIA Calle Buena Vista 0 Possible Injury Motor Vehicle In Transport Angle (Front To Side)(Other Than Left Turn) Daylight Cloudy Not Reported Intersection Two Way Divided Unprotected Painted 4 Feet Median V24060845 Oro Valley Oro Valley Passenger 4Dsw Station Wagon 4 Dr 1 - North Going Straight Ahead No Contributing Circumstances Dry No Contributing Circumstances No Contributing Circumstances 1 Motor Vehicle In Transport 1 - Lane 1 Driver Shoulder And Lap Belt Failed To Yield Right Of Way 0 - No Apparent Influence 32.374 -110.979 989617.375 500916.712 Calle Concordia Calle Buena Vista 0 Electronic Report Parameters Request ID : 37b1c4de-e410-4c3f-abf8-ce382b3c8a13 Incident Date Range : 1/1/2014-12/31/2024 Route : Calle Concordia - PIMA - ORO VALLEY From Crossing Feature : Calle Buena Vista, Offset :300 Both Directions Selected? : Yes Intersection Selected : Calle Buena Vista Report Generated On : 1/13/2025 9:44:03 AM