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AGENDA
ORO VALLEY
BUDGET AND FINANCE COMMISSION
REGULAR SESSION
OCTOBER 21, 2025
COUNCIL CHAMBERS
11000 N. LA CAÑADA DRIVE
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE
CALL TO AUDIENCE - at this time, any member of the public is allowed to address the Commission on any
issue not listed on today’s agenda. Pursuant to the Arizona open meeting law, individual Commission
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 Commission 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.
STAFF LIAISON REPORT
REGULAR SESSION AGENDA
1.REVIEW AND APPROVAL OF THE SEPTEMBER 16, 2025 REGULAR SESSION MEETING MINUTES
2.DISCUSSION AND FEEDBACK ON THE COMMUNITY COMMENT (60%) DRAFT OF THE
COMMUNITY'S NEXT 10-YEAR ACTION PLAN, KNOWN AS OV'S PATH FORWARD
3.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY25/26 FINANCIAL UPDATE
THROUGH JULY 2025 (PLEASE REFERENCE ATTACHMENTS)
4.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY25/26 FINANCIAL UPDATE
THROUGH AUGUST 2025 (PLEASE REFERENCE ATTACHMENTS)
COUNCIL LIAISON COMMENTS
ADJOURNMENT
POSTED: 10/17/25 at 5:00 PM by ck
When possible, a packet of agenda materials as listed above is available for public inspection at least 24 hours
prior to the Commission meeting in the Town Clerk's Office 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 Commission
meeting at 229-4700.
INSTRUCTIONS TO SPEAKERS
Members of the public have the right to speak during any posted public hearing. However, those items not
listed as a public hearing are for consideration and action by the Commission during the course of their
business meeting. Members of the public may be allowed to speak on these topics at the discretion of the
Chair.
If you wish to address the Commission 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 Recording Secretary. Please indicate on the
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 when completing the blue speaker card.
Please step forward to the podium when the Chair announces the item(s) on the agenda which you are interested
in addressing.
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 the Commission. Please organize your speech, you will
only be allowed to address the Commission once regarding the topic being discussed.
3. Please limit your comments to 3 minutes.
4. During “Call to Audience”, you may address the Commission on any issue you wish.
5. Any member of the public speaking must speak in a courteous and respectful manner to those present.
Thank you for your cooperation.
“Notice of Possible Quorum of the Oro Valley Town Council, Boards, Commissions and Committees: In accordance
with Chapter 3, Title 38, Arizona Revised Statutes and Section 2-4-4 of the Oro Valley Town Code, a majority of the
Town Council, Board of Adjustment, Historic Preservation Commission, Parks and Recreation Advisory Board,
Stormwater Utility Commission, and Water Utility Commission may attend the above referenced meeting as a
member of the audience only.”
Budget and Finance Commission 1.
Meeting Date:10/21/2025
Submitted By:Melissa Flores, Legal
SUBJECT:
REVIEW AND APPROVAL OF THE SEPTEMBER 16, 2025 REGULAR SESSION MEETING MINUTES
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 changes) the September 19, 2025 regular session meeting minutes
Attachments
Draft Minutes 09162025
D R A F T
MINUTES
BUDGET AND FINANCE COMMISSION
REGULAR SESSION
SEPTEMBER 16, 2025
COUNCIL CHAMBERS
11000 N. LA CAÑADA DRIVE
ORO VALLEY, AZ 85737
REGULAR SESSION AT OR AFTER 4:00 PM
CALL TO ORDER by Chair Garland at 4:27 PM.
ROLL CALL
Present: Joyce Garland, Chair
Dan Karlsberg, Vice Chair
Eloho Okeze, Commissioner
Absent:Michael Mason, Commissioner
Matthew Miller, Commissioner
Staff Present: Joe Winfield, Mayor
Jeff Wilkins, Town Manager
David Gephart, Chief Financial Officer
Wendy Gomez, Deputy Finance Director
Chris Hutchison, Senior Budget Analyst
Michael Spaeth, Principal Planner
Kara Riley, Police Chief
Paul Keesler, Public Works Director
PLEDGE OF ALLEGIANCE led by Chair Garland
CALL TO AUDIENCE - No comments were received.
STAFF LIAISON REPORT
Chief Financial Officer, David Gephart, reported on the following:
Tomorrow night there is a busy Town Council meeting. Items on the Agenda include:
Discussion and possible action regarding the Vistoso Trails Nature Preserve Desert Ecosystem
Restoration project
Discussion and possible action on the 60% draft of the next 10-Year General Plan known as Path
Forward
Discussion and possible action to initiate a General Plan Amendment and rezoning for the Town's
center planned area of development as it applies to the Town-owned property located East of the
intersection of Oracle Rd. and Pusch View Ln.
Discussion and possible action to reduce the General Fund Reserve Policy from 30% to 25%
The Finance Department is working on year-end and preparing for the arrival of the auditors during the
9/16/25 Minutes, Budget and Finance Commission Regular Session 1
last week of this month leading into October.
The adopted budget was submitted to GFOA for their Distinguished Budget Award, which will also be
posted online for the public.
REGULAR SESSION AGENDA
1.REVIEW AND APPROVAL OF THE AUGUST 19, 2025 REGULAR SESSION MEETING MINUTES
Motion by Commissioner Eloho Okeze, seconded by Vice Chair Dan Karlsberg to approve the August
19, 2025 regular session meeting minutes.
Vote: 3 - 0 Carried
2.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY24/25 FINANCIAL UPDATE
THROUGH JUNE 2025 (PLEASE REFERENCE ATTACHMENTS)
Presentation by David Gephart, Chief Financial Officer. Discussion ensued amongst staff and
commissioners.
3.DISCUSSION AND POSSIBLE RECOMMENDATION TO TOWN COUNCIL OF NEW TAXES AND
REVISED FEES
Presentation by Michael Spaeth, Principal Panner, and David Gephart, Chief Financial Officer.
Discussion ensued amongst staff and commissioners
COUNCIL LIAISON COMMENTS
Mayor Winfield has the following comments:
Thanks the commission for their service.
RTA Next - RTA one will essentially set, sometime mid-year next year in 2026, the Citizens Advisory
Committee, the Technical Management Committee, the RTA Board has been working for a number of
years to bring forward a new RTA proposal.
On August 25, 2025, the board unanimously approved an RTA next package, which essentially is a 2.7
billion dollar proposal that includes roadway projects, transit, environmental projects, safety projects, etc.
That went to the Pima County Board of Supervisors for their approval of a March election and was
unanimously approved by the Pima County Board of Supervisors. They will begin the process of
Public Outreach to inform and educate the citizens and voters of the importance of RTA Next to our
region and the Mayor encourages the Commission to follow the process and become informed.
Whichever side, in favor or against, it is important to be informed.
ADJOURNMENT
Motion by Vice Chair Dan Karlsberg, seconded by Commissioner Eloho Okeze to adjourn the meeting
at 5:00 PM.
Vote: 3 - 0 Carried
I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the regular session of the
9/16/25 Minutes, Budget and Finance Commission Regular Session 2
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 Budget and Finance Commission of Oro Valley, Arizona held on the 16th day of September,
2025. I further certify that the meeting was duly called and held and that a quorum was present.
Dated this 16th day of September, 2025.
___________________________
Melissa Flores
Legal Secretary
9/16/25 Minutes, Budget and Finance Commission Regular Session 3
Budget and Finance Commission 2.
Meeting Date:10/21/2025
Requested by: Bayer Vella, Community and Economic Development
Submitted By:Rene Olvera, Community and Economic Development
SUBJECT:
DISCUSSION AND FEEDBACK ON THE COMMUNITY COMMENT (60%) DRAFT OF THE COMMUNITY'S NEXT
10-YEAR ACTION PLAN, KNOWN AS OV'S PATH FORWARD
RECOMMENDATION:
This item is for information purposes only.
EXECUTIVE SUMMARY:
The purpose of this item is to update the Budget and Finance Commission (BFC) on where OV's Path Forward is in the 3-year
process and to encourage commissioners to participate in the BIG Community Review. This is the first comprehensive draft of
the plan that is available for review by residents, stakeholders, board and commission members, and Town Council. The
primary objective of the BIG Community Review is to ensure the plan stays true to resident voices and results from Phase 1 of
this planning effort.
In Phase 1, over 9,000 comments were collected from residents through the most extensive community engagement effort the
Town has conducted to date. Demonstrating that the plan adheres to residents' priorities will be the primary focus of educating
and preparing voters for the 2026 election. These comments provided guidance for four Resident Working Groups to develop
the draft goals, policies, and actions for the Community Comment (60%) Draft in Phase 2.
Key Takeaways
Comment on The Community Comment (60%) Draft by October 31st.
Commissioners may want to focus their comments on the Town Finance topics in the Economy Chapter.
All comments that strengthen the plan's alignment with resident guidance and ensure the draft plan is on
the right track will be incorporated into the Resident Recommended (90%) Draft.
Commission members are tasked to participate in the Resident Working Group meetings at the end of this
year.
The draft covers several topics that influence the quality of life for Oro Valley residents, such as water, environment, economic
development, and land use.
For the meeting on October 21, Commissioners may want to focus on the goals, policies, and actions under the Economy
Chapter related to Town Finances. Examples that are directly related to the commission include:
Goal T: Ensure sustainable revenue sources, funding, and efficient allocation of resources to provide
high-quality, well-maintained, and reliable Town assets and services.
Policy T.1. Adhere to budgeting practices that prioritize planning for long-term financial obligations related to
public services and amenities.
Action 171:Continue to evaluate the minimum percentage for general fund reserves to make sure it is adequate
and in compliance with town financial policies.
The Community Comment (60%) Draft is still available for resident review and comment until Oct. 31st. Once all
resident, stakeholder, board, commission, and Town Council members' comments are collected, the Resident Working Group
meetings will take place. The purpose of these meetings is to achieve consensus on the Resident Recommended (90%)
Draft. This Resident Recommended (90%) Draft will be presented to the Planning and Zoning Commission and Town Council
next year for adoption. The last step will be ratification of the Final Resident Draft by the voters in November 2026.
BACKGROUND OR DETAILED INFORMATION:
The effort to create the next 10-year community action plan is divided into three phases. Residents are the top priority
The effort to create the next 10-year community action plan is divided into three phases. Residents are the top priority
throughout each phase. All residents are invited to participate, get information, engage, and collaborate to create a plan that
reflects the
majority of their voices. The goal of this effort is to empower residents to confidently vote on the
plan in November 2026.
Working with residents to create the next 10-year action plan, also known as a general plan,
launched in October 2023 with Phase 1: "Let's Talk." The Town's most comprehensive outreach
was conducted during Phase 1 to ensure the plan reflects the views of most residents.
Residents provided over 9,000 responses through a statistically representative survey, events, and
online. Resident values, priorities, and expectations for OV's future were surprisingly consistent
across all three engagement tools. This consistency provided a solid foundation for Resident
Working Groups to begin transforming the insights gathered in Phase 1 into draft goals, policies,
and implementation actions.
Phase 2: "Let's Think" began in January 2025 with around 116 residents, each with varied experiences and perspectives, who
contributed further guidance to shape the draft plan in the Resident Working Groups. All Oro Valley residents were invited to
participate and had the opportunity to contribute to topics of interest through online discussions and meetings.
The number one priority is to make sure the draft plan aligns with the resident voices heard in Phase
1. Ensuring this is achieved starts with the first BIG Community Review of the Community Comment
(60%) Draft.
Creating the draft plan
The draft guiding principles, goals, policies, and actions are based on the substantial guidance provided in Phase 1 and the
Resident Working Group discussions. Resident Working Groups provided approximately 900 comments online and
participated in 25 meetings to discuss the resident guidance from Phase 1, draft guiding principles, comments provided by the
Town Council, and each other's ideas to work towards consensus on the initial draft. Staff from every Town department
supported residents as they went through this process by providing educational information, answering questions, and
reviewing the draft goals, policies, and actions to make sure they would achieve the residents' intent.
Resident Working Group, stakeholders, board and commission, and Town Council comments on the draft goals, policies, and
actions (30% Draft) that aligned with resident guidance were incorporated into the Community Comment (60%) Draft. The
purpose of the Community Comment (60%) Draft is to provide residents, stakeholders, boards, and commissions with a
comprehensive and refined version of the draft 10-year community action plan. It's crucial to share comments and ideas
during this review period and attend the Resident Working Group meetings before the Resident Recommended (90%)
Draft is presented to the Planning and Zoning Commission and Town Council.
OV’s Path Forward is unique because it is a predominantly web-based plan that anyone can access
on OVPathForward.com. For those who prefer a document, there is also a PDF supplement (Attachment 1). The PDF will be
updated to include graphics and photos after the community comment period.
Similar to the Resident Working Groups, the plan will be divided into four main chapters. Each chapter provides a brief
overview of the existing conditions and the resident guidance that shaped the plan. For ease, each chapter is subsequently
divided into topics important to the community, like town finances, public safety, water resources, and more. Each topic
includes the associated goals, policies, and actions that the Town will implement over the next 10 years.
The image below displays the four main chapters and associated topics:
In addition to the four main chapters, the plan includes information about the state's legal requirements, including the required
maps and a chapter about amending the plan. The plan, specifically the land use map, is anticipated to change over the next
10 years.
Community Review and Next Steps
The Community Comment (60%) Draft is being promoted to the wider community, including all boards and commissions, for
review.
For the meeting on October 21st, Commissioners may want to focus on the goals, policies, and actions under the Economy
Chapter related to Town Finances. Examples directly related to the commission's functions:
Goal T: Ensure sustainable revenue sources, funding, and efficient allocation of resources to provide
high-quality, well-maintained, and reliable Town assets and services.
Policy T.1. Adhere to budgeting practices that prioritize planning for long-term financial obligations related to
public services and amenities.
Action 171:Continue to evaluate the minimum percentage for general fund reserves to make sure it is adequate
and in compliance with town financial policies.
Once all comments are collected during this community review period, themes will be generated, and those that align with
resident voices will be incorporated into the revised Resident Recommended (90%) Draft, which the combined Resident
Working Group will achieve consensus on at its meetings starting in December. It's essential that commissioners participate
in the community review and attend the Resident Working Group meetings, even if you were not able to attend any
meetings last spring. The Resident Recommended (90%) Draft is to be presented to the Planning and Zoning
Commission and Town Council in spring 2026.
Here's a timeline of where the plan is and where it's heading:
SUMMARY
Comment on the community Comment (60%) Draft by October 31st. All comments can be submitted online
at OVPathForward.com. Here, participants can view and navigate the web-based plan and use the discussion tool at the
bottom of each page to comment and collaborate with others. While reviewing, participants can also see the step-by-step
process of how residents created the draft plan so far. Similar to Phase 1, it is important that a broad range of residents
participate in the BIG Community Review. To increase convenience and accessibility, there are multiple ways for residents to
comment on the draft plan:
HOW TO SUBMIT COMMENTS
Online via OVPathForward.com
Email: Send all your comments to OVPathForward@orovalleyaz.gov
Drop-off or Mail: Send your letter to 11000 N. La Cañada Drive, Oro Valley, AZ, 85737
Meeting with Staff: Call 520-229-4800 or email OVPathForward@orovalleyaz.gov
Once consensus is achieved on the Resident Recommended (90%) Draft by the Resident Working Groups, it will be
presented to the Planning and Zoning Commission and then Town Council next year. The Final Resident Draft will come to
voters for ratification in November 2026.
FISCAL IMPACT:
Not applicable.
SUGGESTED MOTION:
This item is for information purposes only.
Budget and Finance Commission 3.
Meeting Date:10/21/2025
Submitted By:Christopher Hutchison, Finance
SUBJECT:
PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY25/26 FINANCIAL UPDATE THROUGH
JULY 2025 (PLEASE REFERENCE ATTACHMENTS)
RECOMMENDATION:
N/A
EXECUTIVE SUMMARY:
Please reference attachments for this item.
BACKGROUND OR DETAILED INFORMATION:
N/A
FISCAL IMPACT:
N/A
SUGGESTED MOTION:
N/A
Attachments
Consolidated July 2025 Monthly Financial Report
Town Manager’s Office
TOWN COUNCIL REPORT
DATE: October 14, 2025
TO: Mayor and Council
FROM: Jeff Wilkins, Town Manager
David Gephart, Chief Financial Officer
SUBJECT: July 2025 Financial Update
This financial update is intended to provide an overview and status of revenues and expenditures for the
Town’s selected funds through July 2025 for fiscal year 2025/26. Funds included in this financial update
are the General Fund, Highway Fund, Community Center Fund and Capital Fund. Also included are the
two enterprise funds, Water and Stormwater. Please note that a ll amounts are preliminary, un-audited
and subject to change. Additionally, figures may not include any adjusting audit entries required
at year-end.
Pages 1-15 are the financial status reports for the funds. Appendix 1 and 2 provide further details on golf
activity and contractor performance. Appendix 3 is the consolidated report of all Town funds. Appendix 4
is the General Fund sales tax collections. Appendix 5 is the General Fund state shared revenues. Appendix
6 is a breakdown of the Town’s outstanding debt service principal and interest payments. Appendix 7 is a
summary of operating investment values and earnings by month. Appendix 8 lists the specific infrastructure
projects that are eligible to receive funding from impact fees.
General Fund
Financial Status Fiscal Year to Date: July 2025
Revenues `
Amount Percent
Local Sales Tax 2,035,673$ 1,809,749$ 32,470,107$ (30,660,358)$ 6% 31,877,008$
State Shared Revenues 1,688,016 1,628,891 19,863,884 (18,234,993) 8% 19,863,884
Licenses & Permits 126,732 148,956 2,116,123 (1,967,167) 7% 2,116,123
Grants 8,677 39,752 466,851 (427,099) 9% 475,316
Intergovernmental - - 2,320,362 (2,320,362) - 2,320,362
Charges for Service 320,214 260,003 3,050,223 (2,790,220) 9% 3,050,223
Other Revenue 533,493 69,203 916,480 (847,277) 8% 916,480
Total Revenues 4,712,805$ 3,956,553$ 61,204,030$ (57,247,477)$ 6% 60,619,397$
Uses
Amount Percent
Personnel Services 1,294,408$ 1,720,911$ 37,473,980$ 35,753,069$ 5% 37,473,980$
Operations and Maintenance 1,101,542 1,200,633 15,313,086 14,112,453 8% 15,313,086
Capital Outlay - - 211,000 211,000 - 211,000
Transfers Out 1,888,179 3,703,829 8,831,579 5,127,750 42% 9,184,588
Total Uses 4,284,129$ 6,625,372$ 61,829,645$ 55,204,273$ 11% 62,182,654$
Change in Fund Balance
Total Revenues 4,712,805$ 3,956,553$ 61,204,030$ 60,619,397$ 60,619,397$
Total Uses (4,284,129) (6,625,372) (61,829,645) (62,182,654) (62,182,654)
Change in Fund Balance 428,676$ (2,668,819)$ (625,615)$ (1,563,258)$ (1,563,258)$
Beginning Fund Balance 20,702,401$ 20,702,401$
Estimated Ending Fund Balance 18,033,582$ 19,139,143$ 19,139,143$
Note: The estimated ending fund balance exceeds the Town's 30% expenditure reserve policy by a margin of $3.5 million.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
FY 2025/26
Budget
Year End
Estimate
Year End
Estimate
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
FY 2024/25
Actuals
FY 2025/26
Actuals
Page 1 of 15
General Fund
Financial Status Fiscal Year to Date: July 2025
Local Sales Tax Revenue
Amount Percent
Construction 427,032$ 179,150$ 5,086,266$ (4,907,116)$ 4% 5,086,266$
Utilities 306,838 302,786 4,316,890 (4,014,104) 7% 4,316,890
Retail 750,336 753,261 11,836,368 (11,083,107) 6% 11,468,532
Remote Seller 131,633 153,823 2,444,773 (2,290,950) 6% 2,365,123
Bed Tax 107,778 112,651 2,464,858 (2,352,207) 5% 2,464,858
Restaurant & Bar 217,007 215,382 3,726,636 (3,511,254) 6% 3,625,143
Other 95,050 92,646 1,941,265 (1,848,619) 5% 1,897,145
Cable Franchise - 50 653,051 (653,001) 0% 653,051
Local Sales Tax Total 2,035,673$ 1,809,749$ 32,470,107$ (30,660,358)$ 6% 31,877,008$
State Shared Revenue
Amount Percent
State Income Tax 856,425$ 793,555$ 9,522,662$ (8,729,107)$ 8% 9,522,662$
State Sales Tax 593,796 619,095 7,376,599 (6,757,504) 8% 7,376,599
Vehicle License Tax 237,795 216,240 2,629,797 (2,413,557) 8% 2,629,797
Smart and Safe - - 334,826 (334,826) - 334,826
State Shared Total 1,688,016$ 1,628,891$ 19,863,884$ (18,234,993)$ 8% 19,863,884$
Construction sales tax appears to be slower than in the previous year, as
expected. However, we anticipate construction sales tax to catch up to budgeted
levels as planned commercial construction projects begin later in the year.
Please refer to Appendix 4 for a detailed breakdown of local sales tax
collections.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Total state shared revenues are performing as expected.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Year End
Estimate
$0.8 $0.6 $0.2 $0.0
$0
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
State Income Tax State Sales Tax Vehicle License
Tax
Smart and SafeMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.2 $0.3 $0.8 $0.2 $0.1 $0.2 $0.1 $0.0$0
$2
$4
$6
$8
$10
$12
$14
Millions FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 2 of 15
General Fund
Financial Status Fiscal Year to Date: July 2025
Licenses & Permits Revenue
Amount Percent
Business Licenses & Permits 6,180$ 3,103$ 255,000$ (251,897)$ 1% 255,000$
Residential Building Permits 77,643 74,618 908,066 (833,448) 8%908,066
Commercial Building Permits 28,002 49,798 750,077 (700,279) 7%750,077
Other Building Permits and Fees 14,907 21,436 202,980 (181,544) 11%202,980
Licenses & Permits Total 126,732$ 148,956$ 2,116,123$ (1,967,167)$ 7%2,116,123$
Grants Revenue
Amount Percent
Federal grants 8,677$ 39,752$ 375,000$ (335,248)$ 11% 383,465$
State Grants --91,851 (91,851) -91,851
Grants Total 8,677$ 39,752$ 466,851$ (427,099)$ 9%475,316$
A total of 3 Single Family Residential (SFR) permits have been issued through
July (107 budgeted for the year).
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Grant revenues performing as expected.
A significant portion of the budgeted grants are allocated to the Police
Department. These grants can fluctuate based on factors such as officer
scheduling, overtime, and the timing of reimbursements and awards from grant
programs.
About $72,000 of budgeted state grants is related to school resource officer
reimbursements for Leman Academy.
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
FY 2024/25
Actuals
$0.0 $0.1 $0.0 $0.0
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
Business
Licenses &
Permits
Residential
Building Permits
Commercial
Building Permits
Other Building
Permits and
FeesMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.0 $0.0
$0.0
$0.1
$0.2
$0.3
$0.4
Federal grants State GrantsMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 3 of 15
General Fund
Financial Status Fiscal Year to Date: July 2025
Intergovernmental Revenue
Amount Percent
School Resource Officers -$ -$ 409,502$ (409,502)$ - 409,502$
RTA Reimbursements - - 1,904,860 (1,904,860) - 1,904,860
PC Library District Reimburse - - 6,000 (6,000) - 6,000
Intergovernmental Total -$ -$ 2,320,362$ (2,320,362)$ - 2,320,362$
Charges for Service Revenue
Amount Percent
Enterprise Funds Cost Allocation 141,813$ 136,779$ 1,641,347$ (1,504,568)$ 8% 1,641,347$
Recreation Fees 151,033 92,670 978,950 (886,280) 9% 978,950
Development Fees 5,279 5,785 90,110 (84,325) 6% 90,110
Court Fees 10,138 8,229 135,000 (126,771) 6% 135,000
Other 11,950 16,541 204,816 (188,275) 8% 204,816
Charges for Service Total 320,214$ 260,003$ 3,050,223$ (2,790,220)$ 9% 3,050,223$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Collections for this revenue category typically lag throughout the year.
Cost allocation charges to the Town’s enterprise funds for shared services,
along with Parks & Recreation fees, represent the majority of this revenue
category. The enterprise fund allocations are budgeted amounts distributed
evenly across all 12 months. The year-over-year decrease is mainly due to one-
time water system monitoring upgrades in the prior year that were funded
through the IT budget and charged to the Water Utility.
Recreation fees are currently lower than last year because deposits for field
rentals and swim team lane reservations were received later. These revenues
are expected to align in the coming months, as they typically peak during the
summer (July and August) and spring (March and April).
$0.0 $0.0 $0.0
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
School Resource
Officers
RTA Reimbursements PC Library District
ReimburseMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.1 $0.1 $0.0 $0.0 $0.0
$0.0
$0.5
$1.0
$1.5
$2.0
Enterprise
Funds Cost
Allocation
Recreation
Fees
Development
Fees
Court Fees OtherMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 4 of 15
General Fund
Financial Status Fiscal Year to Date: July 2025
Other Revenue
Amount Percent
Fines 6,497$ 5,568$ 68,680$ (63,112)$ 8% 68,680$
Interest Earnings 66,624 63,375 637,500 (574,125) 10% 637,500
Miscellaneous 460,372 261 210,300 (210,039) 0% 210,300
Other Revenue Total 533,493$ 69,203$ 916,480$ (847,277)$ 8% 916,480$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
The year-over-year decrease miscellaneous revenue is due to a one-time rebate
received from the Arizona Municipal Risk Retention Pool (AMRRP) in the prior
year.
$0.0
$0.1
$0.0
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
Fines Interest Earnings MiscellaneousMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 5 of 15
General Fund
Financial Status Fiscal Year to Date: July 2025
Expenditures by Department
Amount Percent
Clerk 16,876$ 17,330$ 446,275$ 428,945$ 4% 446,275$
Community & Econ. Dev. 140,645 149,406 4,275,011 4,125,605 3% 4,275,011
Council 6,248 70,176 216,163 145,987 32% 216,163
Finance 31,397 31,175 870,300 839,125 4% 870,300
Non-Departmental 217,837 223,640 3,052,282 2,828,642 7% 3,052,282
Human Resources 28,788 28,055 744,887 716,832 4% 744,887
Information Technology 604,242 701,785 5,925,996 5,224,211 12% 5,925,996
Legal 39,821 41,140 1,193,587 1,152,447 3% 1,193,587
Town Manager 64,645 60,937 1,812,726 1,751,789 3% 1,812,726
Parks & Recreation 257,153 251,397 5,230,510 4,979,113 5% 5,230,510
Police 719,042 1,095,881 21,333,810 20,237,929 5% 21,333,810
Public Works 233,222 214,679 6,714,762 6,500,083 3% 6,714,762
Town Court 36,034 35,943 1,181,757 1,145,814 3% 1,181,757
Total Department Expenditures 2,395,950$ 2,921,543$ 52,998,066$ 50,076,523$ 6% 52,998,066$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
$0.0 $0.1 $0.1 $0.0 $0.2 $0.0 $0.7 $0.0 $0.1 $0.3 $1.1 $0.2 $0.0 $0.0
$5.0
$10.0
$15.0
$20.0
$25.0
Millions FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Non-Departmental:Significant actual expenditures through July are attributed to a budgeted payment to the Industrial Commission of Arizona's Municipal
Firefighters Cancer Reimbursement Fund. This fee is levied on all Arizona cities and towns that receive state shared revenues.
Departments are currently spending as expected within budget limits for the first quarter. Please note that Council and IT typically have significant upfront costs
at the beginning of the year.
Police: The year-over-year increase is primarily due to personnel costs from wage increases under the most recent Memorandum of Understanding (MOU).
Page 6 of 15
Highway Fund
Financial Status Fiscal Year to Date: July 2025
Sources `
Amount Percent
Licenses & Permits 8,388$ 1,786$ 30,000$ (28,214)$ 6% 30,000$
Highway User Revenue 330,699 340,190 4,456,367 (4,116,177) 8% 4,456,367
Interest Earnings 4,519 14,011 99,000 (84,989) 14% 99,000
Miscellaneous 1,791 9,129 2,500 6,629 365% 10,129
Transfers In - - 2,000,000 (2,000,000) - 2,000,000
Total Sources 345,397$ 365,117$ 6,587,867$ (6,222,750)$ 6% 6,595,496$
Expenditures
Amount Percent
Personnel 48,840$ 50,692$ 1,348,218$ 1,297,526$ 4% 1,348,218$
O&M 667,893 17,266 1,317,935 1,300,669 1% 1,317,935
Capital Outlays - - 4,790,000 4,790,000 - 4,790,000
Total Expenditures 716,733$ 67,958$ 7,456,153$ 7,388,195$ 1% 7,456,153$
Change in Fund Balance
Total Sources 345,397$ 365,117$ 6,587,867$ 6,595,496$
Total Expenditures (716,733) (67,958) (7,456,153) (7,456,153)
Change in Fund Balance (371,336)$ 297,159$ (868,286)$ (860,657)$
Beginning Fund Balance 1,598,787$ 1,598,787$
Estimated Ending Fund Balance 1,895,946$ 738,130$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Year End
Estimate
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Year End
Estimate
Revenues:
Highway User Revenue is trending on budget.
Miscellaneous revenue has exceeded budget due to insurance recoveries.
The planned transfers in of $2 million are from the Capital Fund for road projects. These are recorded evenly over four quarters.
Expenditures:
Budgeted capital outlays consist of the Town's annual pavement preservation program as well as several capital improvement projects. Pavement
preservation road work does not typically begin until the fall.
Page 7 of 15
Community Center Fund
Financial Status Fiscal Year to Date: July 2025
Sources
Amount Percent
Local Sales Tax 298,112$ 303,311$ -$ 303,311$ na 593,099$
Contracted Operating Revenues 285,211 368,221 5,625,078 (5,256,857) 7% 5,625,078
Town Operating Revenues 104,444 105,041 1,534,043 (1,429,002) 7% 1,534,043
Other Revenues 2,608 3,791 60,172 (56,381) 6% 60,172
Transfers In from General Fund - - - - - 353,009
Total Sources 690,376$ 780,365$ 7,219,293$ (6,438,928)$ 11% 8,165,401$
Uses
Amount Percent
Contracted Operating Expenditures 433,673$ 446,746$ 5,728,637$ 5,281,891$ 8% 5,728,637$
Town Operating Expenditures 138,071 150,716 2,541,996 2,391,280 6% 2,541,996
Capital Outlay 1,659,167 - 2,643,700 2,643,700 - 2,643,700
Debt Service 22,677 - - - na
Transfers Out 1,717,203 172,968 172,968 - 100% 172,968
Total Uses 3,970,791$ 770,430$ 11,087,301$ 10,316,871$ 7% 11,087,301$
Change in Fund Balance
Total Sources 690,376$ 780,365$ 7,219,293$ 8,165,401$
Total Uses (3,970,791) (770,430) (11,087,301) (11,087,301)
Change in Fund Balance (3,280,415)$ 9,935$ (3,868,008)$ (2,921,900)$
Beginning Fund Balance 2,921,900$ 2,921,900$
Estimated Ending Fund Balance 2,931,835$ -$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2024/25
Actuals
FY 2025/26
Actuals
Year End
Estimate
FY 2025/26
Budget
Actual Vs. Budget
FY 2025/26
Budget
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Page 8 of 15
Community Center Fund
Financial Status Fiscal Year to Date: July 2025
Local Sales Tax Revenue
Amount Percent
Retail 187,584$ 188,315$ -$ 188,315$ - 367,836$
Remote Seller 32,908 38,456 - 38,456$ - 79,650
Restaurant & Bar 54,252 53,846 - 53,846 - 101,493
Other 23,368 22,695 - 22,695 - 44,120
Local Sales Tax Total 298,112$ 303,311$ -$ 303,311$ - 593,099$
Contracted Operating Revenue
Amount Percent
Golf Revenue, Trail & Cart Fees 114,341$ 154,174$ 2,818,625$ (2,664,451)$ 5% 2,818,625$
Member Dues 119,256 135,883 1,590,560 (1,454,677) 9%1,590,560
Food & Beverage (Overlook)32,365 65,516 814,633 (749,117) 8%814,633
Merchandise & Other 19,250 12,649 401,260 (388,611) 3% 401,260
Contracted Revenue Total 285,211$ 368,221$ 5,625,078$ (5,256,857)$ 7% 5,625,078$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2024/25
Actuals
FY 2025/26
Actuals
On August 13, 2025, the Town Council adopted ordinance (O)25-04, which
removed the spending restrictions on the half-cent sales tax and redirected the
revenues to the General Fund, effective 30 days later in September; however,
the budgeted local sales tax revenue previously allocated to the Community
Center Fund was transferred to the General Fund immediately, while the
restriction itself remains in place through August.
Golf revenues are trending es expected.
Through July, 6,646 rounds of golf had been played which is up 15% from the
prior year and 26% greater than budget.
Please refer to Appendix 3 for or a more in-depth analysis of golf revenues,
expenses, and historical comparisons
Actual Vs. Budget Year End
Estimate
Year End
Estimate
Note: Estimated sales tax collections on golf operations for
FY 2025/26 is $154,577.
FY 2025/26
Budget
FY 2025/26
Budget
Actual Vs. Budget
$0.2 $0.1 $0.1 $0.0
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Golf Revenue,
Trail & Cart
Fees
Member Dues Food &
Beverage
(Overlook)
Merchandise &
OtherMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.2
$0.0
$0.1
$0.0
$0.0
$0.0
$0.0
$0.1
$0.1
$0.1
$0.1
$0.1
$0.2
$0.2
$0.2
Retail Remote Seller Restaurant &
Bar
OtherMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 9 of 15
Community Center Fund
Financial Status Fiscal Year to Date: July 2025
Town Operating Revenue
Amount Percent
Daily Drop-Ins 5,015$ 4,228$ 75,625$ (71,397)$ 6%75,625$
Member Dues 81,356 87,157 990,420 (903,263) 9%990,420
Recreation Programs 12,989 7,259 382,500 (375,241) 2%382,500
Facility Rental Income 5,083 6,397 85,498 (79,101) 7%85,498
Town Operating Revenue Total 104,444$ 105,041$ 1,534,043$ (1,429,002)$ 7%1,534,043$
Other Revenue
Amount Percent
Interest Income 2,605$ 3,782$ 22,500$ (18,718)$ 17%22,500
HOA Contributions --34,050 (34,050) -34,050
Miscellaneous 3 9 3,622 (3,613)0%3,622
Other Revenue Total 2,608$ 3,791$ 60,172$ (56,381)$ 6%60,172$
Town operating revenues are performing as expected.
Member dues have increased by approximately 7% compared to the previous
year.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Year End
Estimate
FY 2025 was the final year of agreed upon annual contributions to golf from
HOAs on the 36-hole course.
FY 2025/26
Budget
Actual Vs. Budget
$0.0 $0.1 $0.0 $0.0$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
Daily Drop-Ins Member Dues Recreation
Programs
Facility Rental
IncomeMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.0 $0.0 $0.0
$0.0
$0.1
Interest Income HOA Contributions MiscellaneousMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 10 of 15
Community Center Fund
Financial Status Fiscal Year to Date: July 2025
Contracted Operating Expenditures
Amount Percent
Personnel 140,519$ 159,495$ 1,992,268$ 1,832,773$ 8% 1,992,268$
Food & Beverage (Overlook) 44,934 62,182 751,271 689,089 8% 751,271
Operations & Maintenance 234,663 209,693 2,768,538 2,558,845 8% 2,768,538
Equipment Leases 13,557 15,376 216,560 201,184 7% 216,560
Contracted Expenditures Total 433,673$ 446,746$ 5,728,637$ 5,281,891$ 8% 5,728,637$
Contracted operating expenditures are trending as expected.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Year End
Estimate
Actual Vs. Budget
$0.2 $0.1 $0.2 $0.0
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Personnel Food & Beverage
(Overlook)
Operations &
Maintenance
Equipment
LeasesMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 11 of 15
Community Center Fund
Financial Status Fiscal Year to Date: July 2025
Town Operating Expenditures
Amount Percent
Personnel 81,433$ 74,796$ 1,303,239$ 1,228,443 6% 1,303,239$
Operations & Maintenance 56,637 75,920 1,238,757 1,162,837 6% 1,238,757
Town Operating Expenditures Total 138,071$ 150,716$ 2,541,996$ 2,391,280$ 6% 2,541,996$
FY26 Revised
Budget
Artificial Turf Installation at Community Center Entrance 150,000
Community Center Exterior Stucco Repair and Painting 190,500
Community Center Parking Lot Resurface 950,000
CRC ADA Exterior Restroom 325,000
Greenmaster Mower Replacement x2 (36-Hole)120,000
South Pump Station (36 Hole) 510,000
Pusch Ridge Tennis Bleachers and ADA Accessibility 198,200
Vistoso Trails Nature Preserve Site Improvements 200,000
2,643,700
List of FY26 Capital Projects:
Year End
Estimate
Town operating expenditures are trending as expected.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
$0.1 $0.1
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
Personnel Operations & MaintenanceMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 12 of 15
Capital Fund
Financial Status Fiscal Year to Date: July 2025
Sources `
Amount Percent
Vehicle Reserves 77,791 85,744 1,028,926 (943,182) 8%
Interest Earnings 53,086 52,893 470,000 (417,107) 11%
Miscellaneous 900 9,749 40,000 (30,251) 24%
Transfers In from General Fund --5,000,000 (5,000,000) -
Total Sources 131,776$ 148,386$ 6,538,926$ (6,390,540)$ 2%
Uses
Amount Percent
Personnel 8,754$ -$-$-$na
O&M 9,403 532 -(532)na
Capital Outlays (117,634) 43,670 6,417,864 6,374,194 1%
Transfers Out -59,109 2,234,200 2,175,091 3%
Total Uses (99,477)$ 103,311$ 8,652,064$ 8,548,753$ 1%
Change in Fund Balance
Total Sources 131,776$ 148,386$ 6,538,926$
Total Uses 99,477 (103,311) (8,652,064)
Change in Fund Balance 231,253$ 45,076$ (2,113,138)$
Beginning Fund Balance 16,847,866$
Estimated Ending Fund Balance 14,734,728$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Sources:
Transfers in from the General Fund to support CIP projects are budget-driven and occur on a quarterly basis. In addition, an annual reserve for
vehicle replacement is established, calculated using the purchase price and expected lifespan of Town-owned vehicles. This reserve is
allocated evenly over 12 months and charged to the General Fund each month.
Uses:
O&M costs are from the purchase of smaller, non-capitalized equipment used in police vehicle replacements. Capital outlays in the prior year
are negative due to returns/refunds.
The budget includes $2 million in transfers to the Highway Fund for capital improvement projects, recorded evenly across four quarters. An
additional $234,200 is allocated to the Grants Fund to cover the Town’s 20% match for transit vehicles supported by 80% grant funding. These
grant transfers are recorded at year-end and may be adjusted based on actual grant awards.
Page 13 of 15
Water Utility Fund
Financial Status Fiscal Year to Date: July 2025
Revenues `
Amount Percent
Water Sales 1,536,268$ 2,029,167$ 18,511,000$ (16,481,833)$ 11% 18,511,000$
Charges For Services 258,961 295,448 3,457,000 (3,161,552) 9% 3,459,462
Interest Earnings 24,418 33,886 100,000 (66,114) 34% 100,000
Miscellaneous 326 101 20,000 (19,899) 1% 20,101
Total Revenues 1,819,974$ 2,358,602$ 22,088,000$ (19,729,398)$ 11% 22,090,563$
Uses
Amount Percent
Personnel 131,117$ 129,976$ 3,985,725$ 3,855,749$ 3% 3,985,725$
O&M 187,237 250,015 11,552,175 11,302,160 2% 11,552,175
Capital Outlays 127,209 - 2,327,639 2,327,639 - 2,327,639
Debt Service 3,116,988 3,523,708 3,890,977 367,269 91% 3,890,977
Transfers Out 2,333 3,004 9,883,004 9,880,000 0% 9,883,004
Total Uses 3,564,884$ 3,906,703$ 31,639,520$ 27,732,817$ 12% 31,639,520$
Note: Excludes non-cash outlays for depreciation & amortization
Change in Fund Balance
Total Revenues 1,819,974$ 2,358,602$ 22,088,000$ 22,090,563$
Total Uses (3,564,884) (3,906,703) (31,639,520) (31,639,520)
Change in Fund Balance (1,744,911)$ (1,548,101)$ (9,551,520)$ (9,548,957)$
Beginning Fund Balance 16,058,321$ 16,058,321$
Estimated Ending Fund Balance 14,510,220$ 6,509,364$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Year End
Estimate
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Sources:
Charges for services are expected to exceed the budget this year, driven by higher-than-anticipated engineer plan review fees. Miscellaneous revenue is
projected to exceed budget due to insurance recoveries.
Uses:
Debt Service: The full annual principal payment for debt service is recorded at the start of the year. Interest payments are made twice yearly, in January and June.
For a complete breakdown of outstanding debt issuances, please refer to Appendix 6.
Transfers out are primarily to the Water Resource Impact Fee fund to fund the NWRRDS capital projects and represents 40% of groundwater preservation fees.
This transfer is recorded at the end of the fiscal year and may vary based on revenue collections. There is also a small transfer of $3,004 to the Debt Service Fund
for debt service.
Page 14 of 15
Stormwater Utility Fund
Financial Status Fiscal Year to Date: July 2025
Revenues `
Amount Percent
Charges For Services 156,056$ 156,700$ 1,527,000$ (1,370,300)$ 10% 1,527,000$
Grants - - 239,200 (239,200) - 239,200
Interest Earnings 3,283 3,907 20,000 (16,093) 20% 20,000
Total Revenues 159,339$ 160,607$ 1,786,200$ (1,625,593)$ 9% 1,786,200$
Expenses
Amount Percent
Personnel 37,631$ 32,007$ 990,258$ 958,251$ 3% 990,258$
O&M 23,195 24,576 444,755 420,179 6% 444,755
Capital Outlays - - 718,000 718,000 - 718,000
Total Expenses 60,826$ 56,583$ 2,153,013$ 2,096,430$ 3% 2,153,013$
Note: Excludes non-cash outlays for depreciation
Change in Fund Balance
Total Revenues 159,339$ 160,607$ 1,786,200$ 1,786,200$
Total Expenses (60,826) (56,583) (2,153,013) (2,153,013)
Change in Fund Balance 98,513$ 104,024$ (366,813)$ (366,813)$
Beginning Fund Balance 1,447,723$ 1,447,723$
Estimated Ending Fund Balance 1,551,747$ 1,080,910$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Year End
Estimate
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Revenues:
Grants budget consists of a FEMA grant for the Sierra Wash at Glover Rd Infrastructure Repair & Rehabilitation capital project.
Expenses:
Budgeted capital expenditures consist of general infrastructure maintenance as well as three CIP projects: Sierra Wash at Glover Rd Infrastructure Repair &
Rehabilitation ($318,000), Sierra Wash at Via Mandarina Drainage Improvements ($50,000) and Oro Valley Drive Drainage and Pavement Improvement
($300,000).
Page 15 of 15
APPENDIX 1El Conquistador Golf Mgmt., LLC Report Date: 7/31/2025 El Conquistador Golf Course Jul - 2025 Budget Jul - 2024 Bud Var PY Var Jul - 2025 Budget Jul - 2024 Bud Var PY VarRoundsPublic 3,250 2,250 2,607 1,000 643 3,250 2,250 2,607 1,000 643Member3,224 2,800 2,943 424 281 3,224 2,800 2,943 424 281Tournament 172 225 227(53) (55)172 225 227(53) (55)Total Rounds 6,646 5,275 5,777 1,371 869 6,646 5,275 5,777 1,371 869Membership Fees 135,882.67 115,000.00 119,255.80 20,882.67 16,626.87 135,882.67 115,000.00 119,255.80 20,882.67 16,626.87Total Membership Revenue 135,882.67 115,000.00119,255.8020,882.67 16,626.87 135,882.67 115,000.00119,255.8020,882.67 16,626.87Sales - Green Fees102,361.93 75,000.00 80,632.53 27,361.93 21,729.40 102,361.93 75,000.00 80,632.53 27,361.93 21,729.40Sales - Tournament2,631.19 5,500.00 5,443.29(2,868.81) (2,812.10)2,631.19 5,500.00 5,443.29(2,868.81) (2,812.10)Sales - Member Rounds 702.00 150.00 69.99 552.00 632.01 702.00 150.00 69.99 552.00 632.01Golf Lessons 570.00 1,750.00 585.00(1,180.00) (15.00)570.00 1,750.00 585.00(1,180.00) (15.00)Range, Rental & Other Golf Related 16,452.73 3,525.00 8,963.81 12,927.73 7,488.92 16,452.73 3,525.00 8,963.81 12,927.73 7,488.92Cart Fees 31,455.75 25,325.00 26,249.61 6,130.75 5,206.14 31,455.75 25,325.00 26,249.61 6,130.75 5,206.14Golf Fees Revenue154,173.60111,250.00121,944.23 42,923.60 32,229.37 154,173.60111,250.00121,944.23 42,923.60 32,229.37Sales - Soft Goods 6,619.11 5,800.00 8,445.25 819.11(1,826.14)6,619.11 5,800.00 8,445.25 819.11(1,826.14)Sales - Hard Goods 8,911.66 4,250.00 3,866.75 4,661.66 5,044.91 8,911.66 4,250.00 3,866.75 4,661.66 5,044.91Merchandise Revenue 15,530.77 10,050.00 12,312.00 5,480.77 3,218.77 15,530.77 10,050.00 12,312.00 5,480.77 3,218.77Other Revenue 6,428.79 900.00(7,551.83)5,528.79 13,980.62 2,463.09 26,400.00 3,938.91(23,936.91) (1,475.82)Other Revenue6,428.79 900.00(7,551.83)5,528.79 13,980.62 2,463.09 26,400.00 3,938.91(23,936.91) (1,475.82)Sales - Food 33,607.90 125.00 16,998.89 33,482.90 16,609.01 33,607.90 125.00 16,998.89 33,482.90 16,609.01Sales - Beer16,669.71 450.00 12,275.96 16,219.71 4,393.75 16,669.71 450.00 12,275.96 16,219.71 4,393.75Sales - Wine 1,721.29 0.00 379.19 1,721.29 1,342.10 1,721.29 0.00 379.19 1,721.29 1,342.10Sales - Liquor5,405.44 50.00 3,731.51 5,355.44 1,673.93 5,405.44 50.00 3,731.51 5,355.44 1,673.93Group Service Charges 8,589.83 0.00(1,020.69)8,589.83 9,610.52 8,589.83 0.00(1,020.69)8,589.83 9,610.52Food & Beverage Revenue65,994.17 625.00 32,364.86 65,369.17 33,629.31 65,994.17 625.00 32,364.86 65,369.17 33,629.31TOTAL REVENUE 368,221.41 241,425.00 285,211.48 126,796.41 83,009.93 368,221.41 241,425.00 285,211.48 126,796.41 83,009.93ExpensesCOS - Merchandise 8,768.70 7,110.00 8,928.90(1,658.70)160.20 8,768.70 7,110.00 8,928.90(1,658.70)160.20COS - Food 14,248.56 37.50 8,387.69(14,211.06) (5,860.87)14,248.56 37.50 8,387.69(14,211.06) (5,860.87)COS - Beer4,789.42 135.00 4,144.12(4,654.42) (645.30)4,789.42 135.00 4,144.12(4,654.42) (645.30)COS - Wine 533.15 0.00 64.57(533.15) (468.58)533.15 0.00 64.57(533.15) (468.58)COS - Liquor2,021.16 15.00 681.52(2,006.16) (1,339.64)2,021.16 15.00 681.52(2,006.16) (1,339.64)Cost of Sales30,360.99 7,297.50 22,206.80(23,063.49) (8,154.19)30,360.99 7,297.50 22,206.80(23,063.49) (8,154.19)Gross Margin 337,860.42 234,127.50263,004.68 103,732.92 74,855.74337,860.42 234,127.50263,004.68 103,732.92 74,855.74Salaries & Wages 166,800.88 120,889.00 142,922.69(45,911.88) (23,878.19)166,800.88 120,889.00 142,922.69(45,911.88) (23,878.19)Month-to-Date Year-to-Date
APPENDIX 1El Conquistador Golf Mgmt., LLC Report Date: 7/31/2025 El Conquistador Golf Course Jul - 2025 Budget Jul - 2024 Bud Var PY Var Jul - 2025 Budget Jul - 2024 Bud Var PY VarMonth-to-Date Year-to-DatePayroll Taxes 7,914.59 9,825.00 11,216.05 1,910.41 3,301.46 7,914.59 9,825.00 11,216.05 1,910.41 3,301.46Workers Comp 5,305.20 2,500.00 2,302.80(2,805.20) (3,002.40)5,305.20 2,500.00 2,302.80(2,805.20) (3,002.40)Employee Benefits 8,147.51 8,000.00 10,666.75(147.51)2,519.24 8,147.51 8,000.00 10,666.75(147.51)2,519.24Other Employee Benefits 7,249.46 1,300.00 1,274.64(5,949.46) (5,974.82)7,249.46 1,300.00 1,274.64(5,949.46) (5,974.82)Total Payroll & Benefits195,417.64142,514.00168,382.93(52,903.64) (27,034.71)195,417.64142,514.00168,382.93(52,903.64) (27,034.71)Meals & Entertainment462.31 450.00 356.23(12.31) (106.08)462.31 450.00 356.23(12.31) (106.08)Travel 0.00 150.00 197.31 150.00 197.31 0.00 150.00 197.31 150.00 197.31Total Employee Related 462.31 600.00 553.54 137.69 91.23 462.31 600.00 553.54 137.69 91.23R&M - Equipment 18,997.94 16,250.00 12,311.27(2,747.94) (6,686.67)18,997.94 16,250.00 12,311.27(2,747.94) (6,686.67)R&M - Building 0.00 1,000.00 2,135.60 1,000.00 2,135.60 0.00 1,000.00 2,135.60 1,000.00 2,135.60R&M - Golf Course & Tennis Courts 120.44 1,500.00 1,226.96 1,379.56 1,106.52 120.44 1,500.00 1,226.96 1,379.56 1,106.52R&M - Other413.07 400.00 401.04(13.07) (12.03)413.07 400.00 401.04(13.07) (12.03)Sod 0.00 500.00 852.92 500.00 852.92 0.00 500.00 852.92 500.00 852.92Sand & Gravel 1,669.08 4,000.00 4,180.09 2,330.92 2,511.01 1,669.08 4,000.00 4,180.09 2,330.92 2,511.01Gas, Diesel, Oil & Lubricants 5,413.05 6,450.00 5,516.73 1,036.95 103.68 5,413.05 6,450.00 5,516.73 1,036.95 103.68Fertilizers(705.17)5,000.00 4,804.40 5,705.17 5,509.57(705.17)5,000.00 4,804.40 5,705.17 5,509.57Chemicals 4,061.62 3,300.00 2,661.33(761.62) (1,400.29)4,061.62 3,300.00 2,661.33(761.62) (1,400.29)Total Repairs & Maintenance 29,970.03 38,400.00 34,090.348,429.97 4,120.31 29,970.03 38,400.00 34,090.348,429.97 4,120.31Marketing & Advertising 930.50 1,120.00 4,493.37 189.50 3,562.87 930.50 1,120.00 4,493.37 189.50 3,562.87Computer Related 942.00 0.00 0.00(942.00) (942.00)942.00 0.00 0.00(942.00) (942.00)Dues & Subscriptions 1,835.75 3,870.00 1,542.67 2,034.25(293.08)1,835.75 3,870.00 1,542.67 2,034.25(293.08)Operating Supplies 8,383.56 3,250.00 4,412.69(5,133.56) (3,970.87)8,383.56 3,250.00 4,412.69(5,133.56) (3,970.87)Linens & Laundry916.45 0.00 686.84(916.45) (229.61)916.45 0.00 686.84(916.45) (229.61)Member Relations 0.00 0.00 50.06 0.00 50.06 0.00 0.00 50.06 0.00 50.06Uniforms 1,650.31 0.00 81.84(1,650.31) (1,568.47)1,650.31 0.00 81.84(1,650.31) (1,568.47)Merchant Processing Fees 6,043.68 4,050.00 4,157.73(1,993.68) (1,885.95)6,043.68 4,050.00 4,157.73(1,993.68) (1,885.95)Cash Short / (Over)(338.80)0.00 0.00 338.80 338.80(338.80)0.00 0.00 338.80 338.80Late Fees & Penalties31.83 0.00 0.00(31.83) (31.83)31.83 0.00 0.00(31.83) (31.83)Centralized Services 2,539.95 2,125.00 1,952.17(414.95) (587.78)2,539.95 2,125.00 1,952.17(414.95) (587.78)Total Operating Expenses 22,935.23 14,415.00 17,377.37(8,520.23) (5,557.86)22,935.23 14,415.00 17,377.37(8,520.23) (5,557.86)Operating Profit89,075.21 38,198.50 42,600.50 50,876.71 46,474.71 89,075.21 38,198.50 42,600.50 50,876.71 46,474.71Electric & Gas 26,333.43 27,750.00 26,041.29 1,416.57(292.14)26,333.43 27,750.00 26,041.29 1,416.57(292.14)Water104,640.70 118,250.00 116,866.11 13,609.30 12,225.41 104,640.70 118,250.00 116,866.11 13,609.30 12,225.41Telephone & Internet Connection 645.28 875.00 727.63 229.72 82.35 645.28 875.00 727.63 229.72 82.35Other Third-party Services2,999.83 4,425.00 16,167.80 1,425.17 13,167.97 2,999.83 4,425.00 16,167.80 1,425.17 13,167.97Total Utilities 134,619.24151,300.00159,802.83 16,680.76 25,183.59 134,619.24151,300.00159,802.83 16,680.76 25,183.59Lease Expense - Fixed 15,077.76 14,582.00 13,258.76(495.76) (1,819.00)15,077.76 14,582.00 13,258.76(495.76) (1,819.00)Lease Expense - Short-term & Other298.11 298.00 298.11(0.11)0.00 298.11 298.00 298.11(0.11)0.00Total Leases 15,375.87 14,880.00 13,556.87(495.87) (1,819.00)15,375.87 14,880.00 13,556.87(495.87) (1,819.00)
APPENDIX 1El Conquistador Golf Mgmt., LLC Report Date: 7/31/2025 El Conquistador Golf Course Jul - 2025 Budget Jul - 2024 Bud Var PY Var Jul - 2025 Budget Jul - 2024 Bud Var PY VarMonth-to-Date Year-to-DateFixed Operating Expenses 149,995.11 166,180.00173,359.7016,184.89 23,364.59 149,995.11 166,180.00173,359.7016,184.89 23,364.59Gross Operating Profit(60,919.90) (127,981.50) (130,759.20)67,061.60 69,839.30(60,919.90) (127,981.50) (130,759.20)67,061.60 69,839.30Insurance 5,877.20 6,000.00 5,877.20 122.80 0.00 5,877.20 6,000.00 5,877.20 122.80 0.00Bad Debt Expense 42.36 100.00 50.05 57.64 7.69 42.36 100.00 50.05 57.64 7.69Fees, Permits, & Licenses 644.50 650.00 950.26 5.50 305.76 644.50 650.00 950.26 5.50 305.76Base Management Fees11,040.81 11,094.00 10,824.32 53.19(216.49)11,040.81 11,094.00 10,824.32 53.19(216.49)Other Expenses 17,604.87 17,844.00 17,701.83 239.13 96.96 17,604.87 17,844.00 17,701.83 239.13 96.96Net Operating Income(78,524.77) (145,825.50) (148,461.03)67,300.73 69,936.26(78,524.77) (145,825.50) (148,461.03)67,300.73 69,936.26NET INCOME(78,524.77) (145,825.50) (148,461.03)67,300.73 69,936.26(78,524.77) (145,825.50) (148,461.03)67,300.73 69,936.26EBITDA(78,524.77) (145,825.50) (148,461.03)67,300.73 69,936.26(78,524.77) (145,825.50) (148,461.03)67,300.73 69,936.26
APPENDIX 2Operating:Through JulBudgetCumulativeFY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY2024 FY2025 FY2026 FY 2026 ActualsRevenue36 Hole 500,158 1,883,452 1,798,304 2,171,484 2,367,136 2,593,395 3,522,083 3,674,489 3,856,880 4,724,718 4,933,178 289,506 4,311,050 32,314,783 Pusch Ridge - 105,370 99,134 59,726 106,184 98,316 - 380,375 414,225 528,346 619,276 13,199 528,628 2,424,151 F&B - Overlook - 606,171 708,594 745,766 671,582 554,336 448,782 671,479 725,222 766,679 865,944 65,516 785,400 6,830,071 Total Revenue500,158 2,594,993 2,606,032 2,976,976 3,144,902 3,246,047 3,970,865 4,726,343 4,996,327 6,019,743 6,418,398 368,221 5,625,078 41,569,005 Expenses36 Hole 1,112,252 3,588,714 3,936,889 3,817,932 3,771,706 3,891,341 3,915,216 3,740,982 3,929,757 4,263,007 4,365,456 363,321 4,468,886 40,696,572 Pusch Ridge - 253,513 256,769 236,160 230,196 287,112 - 319,702 390,959 478,320 516,762 21,243 508,480 2,990,737 F&B - Overlook - 861,740 823,383 841,866 785,499 701,538 440,382 630,509 596,910 684,037 756,376 62,182 751,271 7,184,422 Total Expenses1,112,252 4,703,967 5,017,041 4,895,958 4,787,401 4,879,991 4,355,598 4,691,193 4,917,626 5,425,364 5,638,594 446,746 5,728,637 50,871,731 Profit/(Loss)36 Hole (612,094) (1,705,262) (2,138,585) (1,646,448) (1,404,570) (1,297,946) (393,133) (66,493) (72,877) 461,711 567,722 (73,814) (157,836) (8,381,789) Pusch Ridge - (148,143) (157,635) (176,434) (124,012) (188,796) - 60,673 23,266 50,026 102,514 (8,044) 20,148 (566,586) F&B - Overlook - (255,569) (114,789) (96,100) (113,917) (147,202) 8,400 40,970 128,312 82,642 109,569 3,334 34,129 (354,351) Total Operating Profit/(Loss)(612,094) (2,108,974) (2,411,009) (1,918,982) (1,642,499) (1,633,944) (384,733) 35,150 78,701 594,379 779,804 (78,525) (103,559) (9,302,726) Capital Investments45,116 47,909 29,464 - - 131,035 2,828,061 4,619,904 2,184,848 743,897 - 630,000 10,630,234 Initial purchase (1)300,000 350,000 350,000 1,000,000 Notes: (1) $1,000,000 original purchase of courses and community center1/2 cent sales tax 506,710 2,030,750 2,199,466 2,330,941 2,463,034 2,584,916 2,947,420 3,535,507 3,707,578 3,792,744 3,904,926 303,311 - 30,307,303 HOA contributions - - - - - - 125,000 159,050 159,050 159,050 159,050 - 34,050 761,200 POST AGREEMENTPRE AGREEMENTTown of Oro ValleyGolf AnalysisAPPENDIX 2Page 1 OF 2
APPENDIX 2Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunFY 2024Gross Margin 213,698 225,040 295,419 332,783 495,412 480,305 525,109 589,339 694,275 586,473 430,577 294,092 Expenses 406,558 333,614 420,523 454,504 412,959 349,298 308,213 291,616 334,623 326,900 398,960 530,376 Net Income/(Loss) (192,860) (108,573) (125,103) (121,721) 82,453 131,007 216,896 297,723 359,652 259,573 31,617 (236,284) FY 2025Gross Margin 263,005 299,163 297,857 375,363 594,117 556,764 534,838 706,996 737,685 675,958 450,287 378,899 Expenses 411,466 416,806 442,887 488,946 531,458 378,085 374,611 318,371 420,446 381,953 453,967 476,826 Net Income/(Loss) (148,461) (117,643) (145,030) (113,583) 62,659 178,679 160,226 388,625 317,239 294,005 (3,681) (97,927) FY 2026Gross Margin 337,860 Expenses 416,385 Net Income/(Loss) (78,525) - - - - - - - - - - - Town of Oro ValleyGolf Analysis - Contractor Financials - 200,000 400,000 600,000 800,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunComparison of Gross Income by Month - Total Golf OperationsFY 2024FY 2025FY 2026 - 100,000 200,000 300,000 400,000 500,000 600,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunComparison of Total Expenses by Month - Total Golf OperationsFY 2024FY 2025FY 2026 (400,000) (200,000) - 200,000 400,000 600,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunComparison of Net Income/(Loss) by Month - Total Golf OperationsFY 2024FY 2025FY 2026APPENDIX 2Page 2 of 2
APPENDIX 3Consolidated Year-to-Date Financial Report through July 2025FY 2025/2026FundFY 25/26Beginning BalanceRevenueOther Fin Sources/Transfers InTotal In Personnel O&M CapitalDebt ServiceOther Fin Uses/ Transfers OutTotal OutFund Balance Through July 2025General Fund 20,702,401 3,956,553 - 3,956,553 1,720,911 1,200,633 - - 3,703,829 6,625,372 18,033,582 Highway Fund 1,598,787 365,117 - 365,117 50,692 17,266 - - - 67,958 1,895,946 Grants and Contributions Fund 460,787 42,926 59,109 102,035 201 250 - - - 451 562,371 Seizure & Forfeiture - Justice/State 374,906 (1,515) - (1,515) - - - - - - 373,391 Community Center Fund 2,921,900 780,365 - 780,365 74,796 522,666 - - 172,968 770,430 2,931,835 Municipal Debt Service Fund 53,800 17,707 3,918,566 3,936,273 - 2,550 - 3,428,051 - 3,430,601 559,472 Water Resource System & Dev. Impact Fee Fund 6,481,181 83,603 - 83,603 - - 1,779 557,505 - 559,284 6,005,500 Townwide Roadway Dev Impact Fee Fund 3,095,031 25,208 - 25,208 - 8,556 - - - 8,556 3,111,683 Parks & Recreation Impact Fee Fund 381,038 11,684 - 11,684 - - - - - - 392,722 Police Impact Fee Fund 122,916 3,662 - 3,662 - - - - 38,765 38,765 87,813 Capital Fund 16,847,866 148,386 - 148,386 - 532 43,670 - 59,109 103,311 16,892,942 PAG/RTA Fund 446,926 1,338 - 1,338 - - - - - - 448,264 Water Utility 16,058,321 2,358,602 - 2,358,602 129,976 250,015 - 3,523,708 3,004 3,906,703 14,510,220 Stormwater Utility 1,447,723 160,607 - 160,607 32,007 24,576 - - - 56,583 1,551,747 Benefit Self Insurance Fund 3,995,323 367,537 - 367,537 - 377,295 - - - 377,295 3,985,565 Recreation In-Lieu Fee Fund 52,018 140 - 140 - - - - - - 52,157 Total 75,040,924 8,321,921 3,977,675 12,299,596 2,008,583 2,404,338 45,448 7,509,264 3,977,675 15,945,308 71,395,211
APPENDIX 4Local Sales Tax Collections FY 2025/26JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALConstruction Sales Tax179,150 179,150 Utility Sales Tax302,786 302,786 Retail Sales Tax941,576 941,576 Remote Seller Sales Tax192,279 192,279 Bed Tax112,651 112,651 Restaurant & Bar Sales Tax269,228 269,228 All Other Local Sales Tax *115,341 115,341 Monthly Total 2,113,010$ 2,113,010$ Cumulative Total2,113,010$ Monthly variance(220,775)$ Cumulative variance(220,775)$ FY 2024/25JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALConstruction Sales Tax 427,032 291,729 371,199 324,860 545,601 253,973 356,030 414,112 171,326 130,317 296,873 293,764 3,876,815 Utility Sales Tax 306,838 399,701 417,156 405,901 370,322 335,865 288,120 341,375 312,662 259,576 253,922 266,994 3,958,432 Retail Sales Tax 937,920 715,116 684,389 714,418 739,186 827,763 1,054,115 782,626 713,089 825,844 800,879 737,884 9,533,230 Remote Seller Sales Tax 164,541 141,042 139,202 140,153 150,391 183,215 220,084 154,652 143,119 160,766 156,956 159,881 1,914,002 Bed Tax 107,778 180,045 136,688 120,312 177,934 231,333 286,851 209,622 320,232 321,945 252,906 177,851 2,523,496 Restaurant & Bar Sales Tax 271,259 191,436 200,970 229,592 214,851 229,614 299,860 224,492 251,749 306,309 224,410 261,930 2,906,470 All Other Local Sales Tax *118,418 400,871 375,123 392,307 405,900 482,938 602,411 470,371 496,749 547,430 478,840 424,726 5,196,084 Monthly Total 2,333,785$ 2,319,940$ 2,324,727$ 2,327,543$ 2,604,184$ 2,544,700$ 3,107,472$ 2,597,249$ 2,408,926$ 2,552,188$ 2,464,785$ 2,323,029$ 29,908,529$ Cumulative Total2,333,785$ 4,653,725$ 6,978,452$ 9,305,995$ 11,910,179$ 14,454,879$ 17,562,351$ 20,159,600$ 22,568,526$ 25,120,715$ 27,585,500$ 29,908,529$ *Does not include cable franchise fees or sales tax audit revenues
APPENDIX 5General Fund State Shared RevenuesFY 2025/26JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALState Shared Income Tax 793,555 793,555 State Shared Sales Tax 619,095 619,095 County Auto Lieu 216,240 216,240 Smart and Safe- - Monthly Total 1,628,891$ 1,628,891$ Cumulative Total 1,628,891$ Monthly variance (59,126)$ Cumulative variance (59,126)$ FY 2024/25JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALState Shared Income Tax 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 10,277,099 State Shared Sales Tax 593,796 582,212 575,094 597,416 614,349 622,937 724,079 596,353 582,965 677,435 632,153 618,346 7,417,134 County Auto Lieu 237,795 215,615 204,204 224,993 189,831 182,939 128,184 304,691 257,209 119,394 230,779 325,869 2,621,504 Smart and Safe- - - - - 138,177 - - 15 - - 148,981 287,173 Monthly Total 1,688,016$ 1,654,252$ 1,635,723$ 1,678,834$ 1,660,605$ 1,800,479$ 1,708,688$ 1,757,469$ 1,696,614$ 1,653,254$ 1,719,357$ 1,949,620$ 20,602,911$ Cumulative Total 1,688,016$ 3,342,268$ 4,977,991$ 6,656,825$ 8,317,430$ 10,117,909$ 11,826,596$ 13,584,065$ 15,280,679$ 16,933,933$ 18,653,291$ 20,602,911$
APPENDIX 6Debt Service ExpenseAdopted Forecast Forecast Forecast Forecast Forecast Forecast Forecast Final Payment 2025/26 2026/27 2027/28 2028/29 2029/30 2030-2035 2036-2040 2041-2045DateMunicipal Debt Service FundExcise Tax Revenue Bonds- - - 2010 CREBS 186,370 176,066 170,437 - - - - - 20282012 Revenue Bonds 224,631 227,147 224,125 - - - - - 20282015a Refunding Excise Tax 304,379 - - - - - - - 20262016 Excise Tax 172,968 172,635 172,236 172,760 172,207 344,447 - - 20322017a Refunding Excise Tax 138,645 138,626 - - - - - - 20272018a Excise Tax Revenue Obligation 171,515 171,446 171,502 171,429 171,229 684,420 - - 20342021 Parks & Rec Excise Tax 1,543,300 1,544,800 1,539,425 1,542,050 1,537,550 7,693,950 7,682,400 3,063,900 20422021 Pension Obligation Bonds 1,271,262 1,266,350 1,264,118 1,264,461 1,262,588 6,312,780 5,036,273 - 2039Total Municipal Debt Service Fund4,013,070 3,697,070 3,541,843 3,150,700 3,143,574 15,035,597 12,718,673 3,063,900 Community Center FundContracts PayableLeased Fitness Equipment 7,668 - - - - - - - 2026Financed Fitness Equipment 22,677 7,559 - - - - - - 2027Golf Carts 130,867 76,339 - - - - - - 2027Leased Copiers 76,800 76,800 12,800 - - - - - 2028Total Community Center Fund238,012 160,698 12,800 - - - - - WRSDIF FundExcise Tax Revenue Bonds2021b Excise Tax Revenue Obligation (4) 55,924 56,015 55,596 34,453 8,255 - - - 20302025b Senior Lien Water Revenue Obligation (5) 455,408 455,411 455,408 455,409 455,410 2,277,041 - - 20352025b WIFA Loan (6) 493,700 468,639 468,639 468,639 468,639 2,343,196 2,343,196 2,343,196 2045Total WSRDIF Fund1,005,032 980,065 979,643 958,501 932,304 4,620,237 2,343,196 2,343,196 Water Utility FundExcise Tax Revenue Bonds2015b Refunding Revenue Bonds (1) 148,500 - - - - - - 20262017b Refunding Revenue Bonds (2) 1,619,650 1,619,032 - - - - - - 20272018b Excise Tax Revenue Obligation (3) 508,532 508,144 508,118 507,710 506,914 2,024,062 - - 20342021a Excise Tax Revenue Obligations (4) 743,499 744,714 739,138 458,046 109,745 - - - 20302025a Senior Lien Water Revenue Obligation (5) 303,605 303,607 303,605 303,606 303,607 1,518,027 - - 2035Water Revenue Loans2014 WIFA Loan 371,750 371,509 371,261 371,006 - - - - 20292025a WIFA Loan (6) 329,134 312,426 312,426 312,426 312,426 1,562,131 1,562,131 1,562,131 2045Total Water Utility Fund4,024,671 3,859,432 2,234,549 1,952,794 1,232,692 5,104,220 1,562,131 1,562,131 TOTAL DEBT SERVICE - ALL FUNDS9,280,785 8,697,265 6,768,834 6,061,995 5,308,571 24,760,053 16,624,000 6,969,227 (5) Series 2025 debt service is split between the Water Utility Fund (40%) and the Water Impact fee Fund (60%).(6) 2025 WIFA loan debt service is split between the Water Utility Fund (40%) and the Water Impact fee Fund (60%).(1) Series 2015 for municipal operation facilities debt service is split between General Fund excise tax revenue (67%) and water revenue (33%).(2) Series 2017 debt service is split between General Fund excise tax revenue (8%) and water revenue (92%).(3) Series 2018 for water infrastucture and police evidence and substation facility. Debt service is split between General Fund excise tax revenue (25%) and water revenue (75%).(4) Series 2021 debt service is split between the Water Utility Fund (93%) and the Water Impact fee Fund (7%).
APPENDIX 7Town of Oro ValleyOperating Investment SummaryFiscal Year 2025/26JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUNLGIPEnding Market Value11,048,264$ Investment Income34,213$ 1-Month Yield4.33%PFM Asset ManagementClosing Market Value39,752,553$ Investment Income199,738$ Annualized Yield to Maturity at Cost4.51%Wells Fargo SweepEnding Balance3,413,781$ Investment Income13,910$ 7-Day Simple Yield4.18%Total Ending Balance54,214,597$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Total Investment Income247,861$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$
APPENDIX 8
Town of Oro Valley - Development Impact Fee Fund Projects
Parks and Recreation Facilities
Description Cost Completed?
Skate Park $1,500,000 Yes
Playground and Parking Lot $1,700,000 Yes
Multiuse Fields (lighted) $1,200,000 Yes
Dog Park $150,000 Yes
Developed Park Land $927,694
Park Amenities $2,501,696
Police
Police Substation Debt $1,198,500
Police Vehicles $846,050
Street Facilities
La Cholla Blvd, Tangerine Rd-Lambert Ln - Road Widening $1,700,000 Yes
Shannon Rd, Tangerine Rd-Naranja Dr - New Road $1,000,000
Lambert Ln. .5 mi E of Shannon-Rancho Sonora - Road Widening $1,000,000
Rancho Vistoso & Woodburne - Intersection Improvement $750,000
Oracle Rd & Rams Field Intersection - Intersection Improvement $750,000
Moore Rd La Cholla Blvd - Intersection Improvement $900,000
Moore Rd - Extension E of Rancho Vistoso Blvd - New Road & Intersection $1,026,840 Yes
Moore Rd & La Canada Dr Intersection - Intersection Improvement $1,200,000 Yes
Glover Rd Multi Use Path - Multi-modal facility $150,000 Yes
Glover Rd south half widening - Road Widening $500,000 Yes
Water Facilities
Water Supply
Steam Pump D-Zone Well $1,500,000
Program Management Support Services (P) $1,050,000 Yes
Well Improvement Analysis and Recovery Permits (P) $150,000 Yes
Well Drilling and Testing (P) $300,000 Yes
Construction Permitting, Drilling, Development and Testing (P) $1,500,000 Yes
Well Equipment Design and Site Improvements (P) $1,800,000 Yes
Storage
Palisades C-Zone Storage Tank and Pipeline $4,250,000
Pressure Zone G Storage Expansion $8,000,000
Pressure Zone G, H and I Storage Expansion $4,000,000
Forebay Design (P)$99,231 Yes
Forebay Reservoir Construction (P) $900,000 Yes
Shannon Rd Forebay Reservoir And Booster Station Prop (Ind.) $240,000 Yes
Forebay Reservoir Booster Station Design (Ind.) $90,000 Yes
Shannon Rd Forebay Reservoir and Booster Station Design (Ind.) $180,000 Yes
Booster Station Construction Forebay Res. (Ind.) $300,000 Yes
Shannon Road Forebay Res. Construction (Ind.) $840,000 Yes
Shannon Road Forebay Res. Construction (Ind.) $540,000 Yes
Arizona municipalities can charge development fees to cover the cost of infrastructure improvements needed to support new
development. These fees are one-time payments used to fund projects like building new roads, parks, or water facilities. The amount of
the fee is determined by an Infrastructure Improvements Plan (IIP) and land use assumptions. Importantly, development fees can only
be used for building new infrastructure or paying off debt for growth-related projects. They cannot be used for ongoing maintenance,
repairs, or addressing existing problems. The Town's IIP includes public services for parks and recreation facilities, police facilities,
street facilities, and water facilities.
Below is a list of identified IIP projects use in the latest impact fee study to calculate the development fees. These are projects that
would be eligible to be funded by development fees as outlined in ARS § 9-463.05 (T)(7)(a).
APPENDIX 8
Page 1 of 2
APPENDIX 8
Water Facilities Continued
Description Cost Completed?
Distribution
Moore Road F-Zone Interconnect $750,000
Water Plant 14 Booster Capacity Expansion $250,000
Pipeline Design (Recovery Water & Transmission) (P) $660,692 Yes
Pipeline Construction (P) $4,320,000
Pipeline Route Study and Preliminary Design (Ind.) $120,000 Yes
Pipeline Easement Acquisition (Ind.) $450,000 Yes
Pipeline Design (Ind.) $600,000 Yes
Pipeline Construction NWRRDS to La Canada Res. (Ind.) $5,880,000
Interconnect to Tangerine Rd. (Ind.) $270,000 Yes
Interconnect to Lambert Lane (Ind.) $510,000 Yes
APPENDIX 8
Page 2 of 2
Budget and Finance Commission 4.
Meeting Date:10/21/2025
Submitted By:Christopher Hutchison, Finance
SUBJECT:
PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY25/26 FINANCIAL UPDATE THROUGH
AUGUST 2025 (PLEASE REFERENCE ATTACHMENTS)
RECOMMENDATION:
N/A
EXECUTIVE SUMMARY:
Please reference attachments for this item.
BACKGROUND OR DETAILED INFORMATION:
N/A
FISCAL IMPACT:
N/A
SUGGESTED MOTION:
N/A
Attachments
Consolidated August 2025 Monthly Financial Report
Town Manager’s Office
TOWN COUNCIL REPORT
DATE: October 15, 2025
TO: Mayor and Council
FROM: Jeff Wilkins, Town Manager
David Gephart, Chief Financial Officer
SUBJECT: August 2025 Financial Update
This financial update is intended to provide an overview and status of revenues and expenditures for the
Town’s selected funds through August 2025 for fiscal year 2025/26. Funds included in this financial update
are the General Fund, Highway Fund, Community Center Fund and Capital Fund. Also included are the
two enterprise funds, Water and Stormwater. Please note that a ll amounts are preliminary, un-audited
and subject to change. Additionally, figures may not include any adjusting audit entries required
at year-end.
Pages 1-15 are the financial status reports for the funds. Appendix 1 and 2 provide further details on golf
activity and contractor performance. Appendix 3 is the consolidated report of all Town funds. Appendix 4
is the General Fund sales tax collections. Appendix 5 is the General Fund state shared revenues. Appendix
6 is a breakdown of the Town’s outstanding debt service principal and interest payments. Appendix 7 is a
summary of operating investment values and earnings by month. Appendix 8 lists the specific infrastructure
projects that are eligible to receive funding from impact fees.
General Fund
Financial Status Fiscal Year to Date: August 2025
Revenues `
Amount Percent
Local Sales Tax 4,066,341$ 3,638,618$ 32,470,107$ (28,831,489)$ 11% 31,877,008$
State Shared Revenues 3,342,268 3,241,663 19,863,884 (16,622,221) 16% 19,863,884
Licenses & Permits 260,478 359,199 2,116,123 (1,756,924) 17% 2,116,123
Grants 22,703 56,737 466,851 (410,114) 12% 485,196
Intergovernmental - 185,168 2,320,362 (2,135,194) 8% 2,320,362
Charges for Service 561,831 380,263 3,050,223 (2,669,960) 12% 3,050,223
Other Revenue 629,616 153,106 916,480 (763,374) 17% 916,480
Total Revenues 8,883,237$ 8,014,754$ 61,204,030$ (53,189,276)$ 13% 60,629,276$
Uses
Amount Percent
Personnel Services 4,991,647$ 5,573,407$ 37,473,980$ 31,900,573$ 15% 37,473,980$
Operations and Maintenance 2,664,203 2,747,838 15,313,086 12,565,248 18% 15,313,086
Capital Outlay 25,853 84,559 211,000 126,442 40% 211,000
Transfers Out 1,888,179 3,703,829 8,831,579 5,127,750 42% 8,831,579
Total Uses 9,569,882$ 12,109,633$ 61,829,645$ 49,720,012$ 20% 61,829,645$
Change in Fund Balance
Total Revenues 8,883,237$ 8,014,754$ 61,204,030$ 60,629,276$ 60,629,276$
Total Uses (9,569,882) (12,109,633) (61,829,645) (61,829,645) (61,829,645)
Change in Fund Balance (686,645)$ (4,094,879)$ (625,615)$ (1,200,369)$ (1,200,369)$
Beginning Fund Balance 20,702,401$ 20,702,401$
Estimated Ending Fund Balance 16,607,522$ 19,502,032$ 19,502,032$
Note: The estimated ending fund balance exceeds the Town's 30% expenditure reserve policy by a margin of $3.5 million.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
FY 2025/26
Budget
Year End
Estimate
Year End
Estimate
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
FY 2024/25
Actuals
FY 2025/26
Actuals
Page 1 of 15
General Fund
Financial Status Fiscal Year to Date: August 2025
Local Sales Tax Revenue
Amount Percent
Construction 718,761$ 342,585$ 5,086,266$ (4,743,681)$ 7% 5,086,266$
Utilities 706,539 715,565 4,316,890 (3,601,325) 17% 4,316,890
Retail 1,465,452 1,471,346 11,836,368 (10,365,022) 12% 11,468,532
Remote Seller 272,675 318,599 2,444,773 (2,126,174) 13% 2,365,123
Bed Tax 287,823 204,357 2,464,858 (2,260,501) 8% 2,464,858
Restaurant & Bar 408,443 405,970 3,726,636 (3,320,666) 11% 3,625,143
Other 206,648 180,146 1,941,265 (1,761,119) 9% 1,897,145
Cable Franchise - 50 653,051 (653,001) 0% 653,051
Local Sales Tax Total 4,066,341$ 3,638,618$ 32,470,107$ (28,831,489)$ 11% 31,877,008$
State Shared Revenue
Amount Percent
State Income Tax 1,712,850$ 1,587,110$ 9,522,662$ (7,935,552)$ 17% 9,522,662$
State Sales Tax 1,176,008 1,222,922 7,376,599 (6,153,677) 17% 7,376,599
Vehicle License Tax 453,410 431,631 2,629,797 (2,198,166) 16% 2,629,797
Smart and Safe - - 334,826 (334,826) - 334,826
State Shared Total 3,342,268$ 3,241,663$ 19,863,884$ (16,622,221)$ 16% 19,863,884$
Construction sales tax is slower than in the previous year, as expected.
However, we anticipate construction sales tax to catch up to budgeted levels as
planned commercial construction projects begin later in the year.
Please refer to Appendix 4 for a detailed breakdown of local sales tax
collections.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Total state shared revenues are performing as expected.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Year End
Estimate
$1.6 $1.2
$0.4 $0.0
$0
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
State Income Tax State Sales Tax Vehicle License
Tax
Smart and SafeMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.3 $0.7 $1.5
$0.3 $0.2 $0.4 $0.2 $0.0$0
$2
$4
$6
$8
$10
$12
$14
Millions FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 2 of 15
General Fund
Financial Status Fiscal Year to Date: August 2025
Licenses & Permits Revenue
Amount Percent
Business Licenses & Permits 10,475$ 5,957$ 255,000$ (249,043)$ 2% 255,000$
Residential Building Permits 125,154 187,649 908,066 (720,417) 21% 908,066
Commercial Building Permits 66,963 117,023 750,077 (633,054) 16% 750,077
Other Building Permits and Fees 57,887 48,571 202,980 (154,409) 24% 202,980
Licenses & Permits Total 260,478$ 359,199$ 2,116,123$ (1,756,924)$ 17% 2,116,123$
Grants Revenue
Amount Percent
Federal grants 22,703$ 49,631$ 375,000$ (325,369)$ 13% 393,345$
State Grants - 7,106 91,851 (84,745) 8% 91,851
Grants Total 22,703$ 56,737$ 466,851$ (410,114)$ 12% 485,196$
A total of 9 Single Family Residential (SFR) permits have been issued through
August (107 budgeted for the year).
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Grant revenues performing as expected.
A significant portion of the budgeted grants are allocated to the Police
Department. These grants can fluctuate based on factors such as officer
scheduling, overtime, and the timing of reimbursements and awards from grant
programs.
About $72,000 of budgeted state grants is related to school resource officer
reimbursements for Leman Academy.
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
FY 2024/25
Actuals
$0.0
$0.2 $0.1 $0.0
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
Business
Licenses &
Permits
Residential
Building Permits
Commercial
Building Permits
Other Building
Permits and
FeesMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.0
$0.0
$0.0
$0.1
$0.2
$0.3
$0.4
Federal grants State GrantsMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 3 of 15
General Fund
Financial Status Fiscal Year to Date: August 2025
Intergovernmental Revenue
Amount Percent
School Resource Officers -$ 26,390$ 409,502$ (383,112)$ 6% 409,502$
RTA Reimbursements - 158,778 1,904,860 (1,746,082) 8% 1,904,860
PC Library District Reimburse - - 6,000 (6,000) - 6,000
Intergovernmental Total -$ 185,168$ 2,320,362$ (2,135,194)$ 8% 2,320,362$
Charges for Service Revenue
Amount Percent
Enterprise Funds Cost Allocation 283,627$ 136,779$ 1,641,347$ (1,504,568)$ 8% 1,641,347$
Recreation Fees 217,393 163,795 978,950 (815,155) 17% 978,950
Development Fees 13,489 15,395 90,110 (74,715) 17% 90,110
Court Fees 22,903 16,005 135,000 (118,995) 12% 135,000
Other 24,419 48,289 204,816 (156,527) 24% 204,816
Charges for Service Total 561,831$ 380,263$ 3,050,223$ (2,669,960)$ 12% 3,050,223$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Collections for this revenue category typically lag throughout the year.
Cost allocation charges to the Town’s enterprise funds for shared services,
along with Parks & Recreation fees, represent the majority of this revenue
category. The enterprise fund allocations are budgeted amounts distributed
evenly across all 12 months. The year-over-year decrease is mainly due to one-
time water system monitoring upgrades in the prior year that were funded
through the IT budget and charged to the Water Utility.
Recreation fees are currently lower than last year because deposits for field
rentals and swim team lane reservations were received later. These revenues
are expected to align in the coming months.
$0.0 $0.2 $0.0
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
School Resource
Officers
RTA Reimbursements PC Library District
ReimburseMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.1 $0.2 $0.0 $0.0
$0.0
$0.0
$0.5
$1.0
$1.5
$2.0
Enterprise
Funds Cost
Allocation
Recreation
Fees
Development
Fees
Court Fees OtherMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 4 of 15
General Fund
Financial Status Fiscal Year to Date: August 2025
Other Revenue
Amount Percent
Fines 11,840$ 9,063$ 68,680$ (59,617)$ 13% 68,680$
Interest Earnings 138,948 135,241 637,500 (502,259) 21% 637,500
Miscellaneous 478,828 8,802 210,300 (201,498) 4% 210,300
Other Revenue Total 629,616$ 153,106$ 916,480$ (763,374)$ 17% 916,480$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
The year-over-year decrease of miscellaneous revenue is due to a one-time
rebate received from the Arizona Municipal Risk Retention Pool (AMRRP) in the
prior year.
$0.0
$0.1
$0.0
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
$0.70
Fines Interest Earnings MiscellaneousMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 5 of 15
General Fund
Financial Status Fiscal Year to Date: August 2025
Expenditures by Department
Amount Percent
Clerk 62,618$ 66,384$ 446,275$ 379,891$ 15% 446,275$
Community & Econ. Dev. 526,621 527,496 4,275,011 3,747,515 12% 4,275,011
Council 81,455 92,422 216,163 123,741 43% 216,163
Finance 120,077 118,870 870,300 751,430 14% 870,300
Non-Departmental 374,205 449,290 3,052,282 2,602,992 15% 3,052,282
Human Resources 105,185 100,711 744,887 644,176 14% 744,887
Information Technology 1,544,702 1,744,588 5,925,996 4,181,408 29% 5,925,996
Legal 158,008 197,614 1,193,587 995,973 17% 1,193,587
Town Manager 260,214 250,207 1,812,726 1,562,519 14% 1,812,726
Parks & Recreation 799,832 789,931 5,230,510 4,440,579 15% 5,230,510
Police 2,648,084 3,143,200 21,333,810 18,190,610 15% 21,333,810
Public Works 849,038 781,139 6,714,762 5,933,623 12% 6,714,762
Town Court 151,663 143,951 1,181,757 1,037,806 12% 1,181,757
Total Department Expenditures 7,681,703$ 8,405,804$ 52,998,066$ 44,592,262$ 16% 52,998,066$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
$0.1 $0.5 $0.1 $0.1 $0.4 $0.1 $1.7 $0.2 $0.3 $0.8
$3.1
$0.8 $0.1 $0.0
$5.0
$10.0
$15.0
$20.0
$25.0
Millions FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Non-Departmental:Significant actual expenditures through July are attributed to a budgeted payment to the Industrial Commission of Arizona's Municipal
Firefighters Cancer Reimbursement Fund. This fee is levied on all Arizona cities and towns that receive state shared revenues.
Departments are currently spending as expected within budget limits for the first quarter. Please note that Council and IT typically have significant upfront costs
at the beginning of the year.
Police: The year-over-year increase is primarily due to personnel costs from wage increases under the most recent Memorandum of Understanding (MOU).
Page 6 of 15
Highway Fund
Financial Status Fiscal Year to Date: August 2025
Sources `
Amount Percent
Licenses & Permits 11,287$ 2,384$ 30,000$ (27,616)$ 8% 30,000$
Highway User Revenue 659,387 676,121 4,456,367 (3,780,246) 15% 4,456,367
Interest Earnings 13,130 26,729 99,000 (72,271) 27% 99,000
Miscellaneous 1,851 23,235 2,500 20,735 929% 23,998
Transfers In - - 2,000,000 (2,000,000) - 2,000,000
Total Sources 685,655$ 728,469$ 6,587,867$ (5,859,398)$ 11% 6,609,365$
Expenditures
Amount Percent
Personnel 190,128$ 199,122$ 1,348,218$ 1,149,096$ 15% 1,348,218$
O&M 145,676 127,644 1,317,935 1,190,291 10% 1,317,935
Capital Outlays - - 4,790,000 4,790,000 - 4,790,000
Total Expenditures 335,804$ 326,766$ 7,456,153$ 7,129,387$ 4% 7,456,153$
Change in Fund Balance
Total Sources 685,655$ 728,469$ 6,587,867$ 6,609,365$
Total Expenditures (335,804) (326,766) (7,456,153) (7,456,153)
Change in Fund Balance 349,851$ 401,703$ (868,286)$ (846,788)$
Beginning Fund Balance 1,598,787$ 1,598,787$
Estimated Ending Fund Balance 2,000,490$ 751,999$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Year End
Estimate
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Year End
Estimate
Revenues:
Highway User Revenue is trending on budget.
Miscellaneous revenue has exceeded budget due to insurance recoveries.
The planned transfers in of $2 million are from the Capital Fund for road projects. These are recorded evenly over four quarters.
Expenditures:
Budgeted capital outlays consist of the Town's annual pavement preservation program as well as several capital improvement projects. Pavement
preservation road work will run from October to November.
Page 7 of 15
Community Center Fund
Financial Status Fiscal Year to Date: August 2025
Revenues
Amount Percent
Local Sales Tax 587,385$ 593,099$ -$ 593,099$ na 593,099$
Contracted Operating Revenues 609,531 743,248 5,625,078 (4,881,830) 13% 5,625,078
Town Operating Revenues 206,378 207,557 1,534,043 (1,326,486) 14% 1,534,043
Other Revenues 2,970 8,058 60,172 (52,114) 13% 60,172
Total Revenues 1,406,264$ 1,551,961$ 7,219,293$ (5,667,332)$ 21% 7,812,392$
Uses
Amount Percent
Contracted Operating Expenditures 875,635$ 896,107$ 5,728,637$ 4,832,530$ 16% 5,728,637$
Town Operating Expenditures 396,529 446,648 2,380,461 1,933,813 19% 2,380,461
Capital Outlay 161,716 75,791 2,443,700 2,367,909 3% 2,443,700
Debt Service - - - - na
Transfers Out 1,717,149 172,968 172,968 - 100% 172,968
Total Uses 3,151,028$ 1,591,513$ 10,725,766$ 9,134,253$ 15% 10,725,766$
Change in Fund Balance
Total Revenues 1,406,264$ 1,551,961$ 7,219,293$ 7,812,392$
Total Uses (3,151,028) (1,591,513) (10,725,766) (10,725,766)
Change in Fund Balance (1,744,764)$ (39,552)$ (3,506,473)$ (2,913,374)$
Beginning Fund Balance 2,921,900$ 2,921,900$
Estimated Ending Fund Balance 2,882,348$ 8,526$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2024/25
Actuals
FY 2025/26
Actuals
Year End
Estimate
FY 2025/26
Budget
Actual Vs. Budget
FY 2025/26
Budget
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Page 8 of 15
Community Center Fund
Financial Status Fiscal Year to Date: August 2025
Local Sales Tax Revenue
Amount Percent
Retail 366,363$ 367,836$ -$ 367,836$ - 367,836$
Remote Seller 68,169 79,650 - 79,650$ - 79,650
Restaurant & Bar 102,111 101,493 - 101,493 - 101,493
Other 50,742 44,120 - 44,120 - 44,120
Local Sales Tax Total 587,385$ 593,099$ -$ 593,099$ - 593,099$
Contracted Operating Revenue
Amount Percent
Golf Revenue, Trail & Cart Fees 250,005$ 313,987$ 2,818,625$ (2,504,638)$ 11% 2,818,625$
Member Dues 237,939 276,197 1,590,560 (1,314,363) 17%1,590,560
Food & Beverage (Overlook)79,481 119,228 814,633 (695,405) 15%814,633
Merchandise & Other 42,106 33,835 401,260 (367,425) 8% 401,260
Contracted Revenue Total 609,531$ 743,248$ 5,625,078$ (4,881,830)$ 13% 5,625,078$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2024/25
Actuals
FY 2025/26
Actuals
On August 13, 2025, the Town Council adopted ordinance (O)25-04, which
removed the spending restrictions on the half-cent sales tax and redirected the
revenues to the General Fund, effective 30 days later in September; however, the
budgeted local sales tax revenue previously allocated to the Community Center
Fund was transferred to the General Fund immediately, while the restriction itself
remains in place through August.
Golf revenues are trending es expected.
Through August, 10,021 rounds of golf had been played which is up 9% from the
prior year and 15% greater than budget.
Please refer to Appendix 3 for or a more in-depth analysis of golf revenues,
expenses, and historical comparisons
Actual Vs. Budget Year End
Estimate
Year End
Estimate
Note: Estimated sales tax collections on golf operations for
FY 2025/26 is $154,577.
FY 2025/26
Budget
FY 2025/26
Budget
Actual Vs. Budget
$0.3 $0.3 $0.1 $0.0
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Golf Revenue,
Trail & Cart
Fees
Member Dues Food &
Beverage
(Overlook)
Merchandise &
OtherMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.4
$0.1 $0.1
$0.0
$0.0
$0.1
$0.1
$0.2
$0.2
$0.3
$0.3
$0.4
$0.4
Retail Remote Seller Restaurant &
Bar
OtherMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 9 of 15
Community Center Fund
Financial Status Fiscal Year to Date: August 2025
Town Operating Revenue
Amount Percent
Daily Drop-Ins 10,755$ 7,992$ 75,625$ (67,633)$ 11%75,625$
Member Dues 160,402 161,536 990,420 (828,884) 16%990,420
Recreation Programs 16,784 17,858 382,500 (364,642) 5%382,500
Facility Rental Income 18,437 20,171 85,498 (65,327) 24%85,498
Town Operating Revenue Total 206,378$ 207,557$ 1,534,043$ (1,326,486)$ 14%1,534,043$
Other Revenue
Amount Percent
Interest Income 2,961$ 8,046$ 22,500$ (14,454)$ 36%22,500
HOA Contributions --34,050 (34,050) -34,050
Miscellaneous 9 12 3,622 (3,610)0%3,622
Other Revenue Total 2,970$ 8,058$ 60,172$ (52,114)$ 13%60,172$
Town operating revenues are performing as expected.
Member dues have increased 0.7% over the prior year.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
Year End
Estimate
FY 2025 was the final year of agreed upon annual contributions to golf from
HOAs on the 36-hole course.
FY 2025/26
Budget
Actual Vs. Budget
$0.0
$0.2
$0.0 $0.0
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
Daily Drop-Ins Member Dues Recreation
Programs
Facility Rental
IncomeMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
$0.0
$0.0 $0.0$0.0
$0.1
Interest Income HOA Contributions MiscellaneousMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 10 of 15
Community Center Fund
Financial Status Fiscal Year to Date: August 2025
Contracted Operating Expenditures
Amount Percent
Personnel 287,344$ 309,446$ 1,992,268$ 1,682,822$ 16%1,992,268$
Food & Beverage (Overlook)101,576 120,140 751,271 631,131 16%751,271
Operations & Maintenance 459,601 435,769 2,768,538 2,332,769 16%2,768,538
Equipment Leases 27,114 30,752 216,560 185,808 14%216,560
Contracted Expenditures Total 875,635$ 896,107$ 5,728,637$ 4,832,530$ 16%5,728,637$
Contracted operating expenditures are trending as expected.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Year End
Estimate
Actual Vs. Budget
$0.3 $0.1
$0.4
$0.0
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
Personnel Food & Beverage
(Overlook)
Operations &
Maintenance
Equipment
LeasesMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 11 of 15
Community Center Fund
Financial Status Fiscal Year to Date: August 2025
Town Operating Expenditures
Amount Percent
Personnel 248,612$ 256,807$ 1,303,239$ 1,046,432 20% 1,303,239$
Operations & Maintenance 147,916 189,841 1,077,222 887,381 18% 1,077,222
Town Operating Expenditures Total 396,529$ 446,648$ 2,380,461$ 1,933,813$ 19% 2,380,461$
FY26 Revised
Budget
Artificial Turf Installation at Community Center Entrance 150,000
Community Center Exterior Stucco Repair and Painting 190,500
Community Center Parking Lot Resurface 950,000
CRC ADA Exterior Restroom 325,000
Greenmaster Mower Replacement x2 (36-Hole)120,000
South Pump Station (36 Hole) 510,000
Pusch Ridge Tennis Bleachers and ADA Accessibility 198,200
2,443,700
List of FY26 Capital Projects:
Year End
Estimate
Town operating expenditures are trending as expected.
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
$0.3 $0.2
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
Personnel Operations & MaintenanceMillions
FY 2024/25 Actuals FY 2025/26 Actuals FY 2025/26 Budget
Page 12 of 15
Capital Fund
Financial Status Fiscal Year to Date: August 2025
Sources `
Amount Percent
Vehicle Reserves 77,791 85,744 1,028,926 (943,182) 8%
Interest Earnings 103,338 108,233 470,000 (361,767) 23%
Miscellaneous 2,772 31,922 40,000 (8,078)80%
Transfers In from General Fund --5,000,000 (5,000,000) -
Total Sources 183,901$ 225,899$ 6,538,926$ (6,313,027)$ 3%
Uses
Amount Percent
Personnel -$-$-$-$na
O&M 9,403 532 -(532)na
Capital Outlays 791,245 1,245,325 6,417,864 5,172,539 19%
Transfers Out -59,109 2,234,200 2,175,091 3%
Total Uses 800,648$ 1,304,966$ 8,652,064$ 7,347,098$ 15%
Change in Fund Balance
Total Sources 183,901$ 225,899$ 6,538,926$
Total Uses (800,648) (1,304,966) (8,652,064)
Change in Fund Balance (616,747)$ (1,079,067)$ (2,113,138)$
Beginning Fund Balance 16,847,866$
Estimated Ending Fund Balance 14,734,728$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Sources:
Transfers in from the General Fund to support CIP projects are budget-driven and occur on a quarterly basis. In addition, an annual reserve for
vehicle replacement is established, calculated using the purchase price and expected lifespan of Town-owned vehicles. This reserve is allocated
evenly over 12 months and charged to the General Fund each month.
Uses:
O&M costs are from the purchase of smaller, non-capitalized equipment used in police vehicle replacements.
Capital outlays through August consist primarily of planned Police vehicle replacements.
The budget includes $2 million in transfers to the Highway Fund for capital improvement projects, recorded evenly across four quarters. An
additional $234,200 is allocated to the Grants Fund to cover the Town’s 20% match for transit vehicles supported by 80% grant funding. These
grant transfers are recorded at year-end and may be adjusted based on actual grant awards.
Page 13 of 15
Water Utility Fund
Financial Status Fiscal Year to Date: August 2025
Revenues `
Amount Percent
Water Sales 3,256,180$ 3,970,595$ 18,511,000$ (14,540,405)$ 21% 18,511,000$
Charges For Services 587,190 633,421 3,457,000 (2,823,579) 18% 3,460,019
Grants - - - - - -
Interest Earnings 45,400 48,426 100,000 (51,574) 48% 100,000
Miscellaneous 326 1,047 20,000 (18,954) 5% 21,047
Total Revenues 3,889,095$ 4,653,488$ 22,088,000$ (17,434,512)$ 21% 22,092,066$
Uses
Amount Percent
Personnel 523,005$ 516,757$ 3,985,725$ 3,468,968$ 13% 3,985,725$
O&M 1,522,537 1,601,132 11,552,175 9,951,043 14% 11,552,175
Capital Outlays 381,147 107,495 2,327,639 2,220,144 5% 2,327,639
Debt Service 3,116,988 3,523,708 3,890,977 367,269 91% 3,890,977
Transfers Out 2,333 3,004 9,883,004 9,880,000 0% 9,883,004
Total Uses 5,546,010$ 5,752,097$ 31,639,520$ 25,887,423$ 18% 31,639,520$
Note: Excludes non-cash outlays for depreciation & amortization
Change in Fund Balance
Total Revenues 3,889,095$ 4,653,488$ 22,088,000$ 22,092,066$
Total Uses (5,546,010) (5,752,097) (31,639,520) (31,639,520)
Change in Fund Balance (1,656,915)$ (1,098,609)$ (9,551,520)$ (9,547,455)$
Beginning Fund Balance 16,058,321$ 16,058,321$
Estimated Ending Fund Balance 14,959,713$ 6,510,867$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Year End
Estimate
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Sources:
Charges for services are expected to exceed the budget this year, driven by higher-than-anticipated engineer plan review fees. Miscellaneous revenue is projected
to exceed budget due to insurance recoveries.
Uses:
Debt Service: The full annual principal payment for debt service is recorded at the start of the year. Interest payments are made twice yearly, in January and June.
For a complete breakdown of outstanding debt issuances, please refer to Appendix 6.
Transfers out are primarily to the Water Resource Impact Fee fund to fund the NWRRDS capital projects and represents 40% of groundwater preservation fees.
This transfer is recorded at the end of the fiscal year and may vary based on revenue collections. There is also a small transfer of $3,004 to the Debt Service Fund
for debt service.
Page 14 of 15
Stormwater Utility Fund
Financial Status Fiscal Year to Date: August 2025
Revenues `
Amount Percent
Charges For Services 268,856$ 270,306$ 1,527,000$ (1,256,694)$ 18% 1,527,000$
Grants - - 239,200 (239,200) - 239,200
Interest Earnings 6,756 8,343 20,000 (11,657) 42% 20,000
Total Revenues 275,612$ 278,650$ 1,786,200$ (1,507,550)$ 16% 1,786,200$
Expenses
Amount Percent
Personnel 145,976$ 130,208$ 990,258$ 860,050$ 13% 990,258$
O&M 49,584 46,124 444,755 398,631 10% 444,755
Capital Outlays - - 718,000 718,000 - 718,000
Total Expenses 195,560$ 176,332$ 2,153,013$ 1,976,681$ 8% 2,153,013$
Note: Excludes non-cash outlays for depreciation
Change in Fund Balance
Total Revenues 275,612$ 278,650$ 1,786,200$ 1,786,200$
Total Expenses (195,560) (176,332) (2,153,013) (2,153,013)
Change in Fund Balance 80,052$ 102,318$ (366,813)$ (366,813)$
Beginning Fund Balance 1,447,723$ 1,447,723$
Estimated Ending Fund Balance 1,550,041$ 1,080,910$
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Year End
Estimate
Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget Year End
Estimate
FY 2024/25
Actuals
FY 2025/26
Actuals
FY 2025/26
Budget
Actual Vs. Budget
Revenues:
Grants budget consists of a FEMA grant for the Sierra Wash at Glover Rd Infrastructure Repair & Rehabilitation capital project.
Expenses:
Budgeted capital expenditures consist of general infrastructure maintenance as well as three CIP projects: Sierra Wash at Glover Rd Infrastructure Repair &
Rehabilitation ($318,000), Sierra Wash at Via Mandarina Drainage Improvements ($50,000) and Oro Valley Drive Drainage and Pavement Improvement
($300,000).
Page 15 of 15
APPENDIX 1El Conquistador Golf Mgmt., LLC Report Date: 8/31/2025 El Conquistador Golf Course Aug - 2025 Budget Aug - 2024 Bud Var PY Var Aug - 2025 Budget Aug - 2024 Bud Var PY VarRoundsPublic 3,250 2,250 2,607 989 231 3,250 2,250 2,607 1,989 874Member3,182 3,000 3,023 182 159 6,406 5,800 5,966 606 440Tournament 193 400 394(207) (201)365 625 621(260) (256)Total Rounds 6,625 5,650 6,024 964 189 10,021 8,675 9,194 2,335 1,058Membership Fees 140,314.20 115,000.00 118,683.20 25,314.20 21,631.00 276,196.87 230,000.00 237,939.00 46,196.87 38,257.87Total Membership Revenue 140,314.20115,000.00118,683.2025,314.20 21,631.00 276,196.87 230,000.00237,939.0046,196.87 38,257.87Sales - Green Fees113,367.98 75,000.00 93,687.25 38,367.98 19,680.73 215,729.91 150,000.00 174,319.78 65,729.91 41,410.13Sales - Tournament3,753.48 10,000.00 12,347.96(6,246.52) (8,594.48)6,384.67 15,500.00 17,791.25(9,115.33) (11,406.58)Sales - Member Rounds 666.00 150.00 216.00 516.00 450.00 1,368.00 300.00 285.99 1,068.00 1,082.01Golf Lessons 2,049.18 1,250.00 1,730.00 799.18 319.18 2,619.18 3,000.00 2,315.00(380.82)304.18Range, Rental & Other Golf Related 9,901.67 3,275.00 9,157.36 6,626.67 744.31 26,354.40 6,800.00 18,121.17 19,554.40 8,233.23Cart Fees 30,075.35 25,325.00 27,295.87 4,750.35 2,779.48 61,531.10 50,650.00 53,545.48 10,881.10 7,985.62Golf Fees Revenue159,813.66115,000.00144,434.4444,813.66 15,379.22 313,987.26226,250.00266,378.67 87,737.26 47,608.59Sales - Soft Goods 6,327.70 6,600.00 6,973.83(272.30) (646.13)12,946.81 12,400.00 15,419.08 546.81(2,472.27)Sales - Hard Goods 7,881.89 6,000.00 7,247.54 1,881.89 634.35 16,793.55 10,250.00 11,114.29 6,543.55 5,679.26Merchandise Revenue 14,209.59 12,600.00 14,221.37 1,609.59(11.78)29,740.36 22,650.00 26,533.37 7,090.36 3,206.99Other Revenue 6,251.88 4,000.00(135.00)2,251.88 6,386.88 2,892.08 8,500.00(800.41) (5,607.92)3,692.49Other Revenue6,251.88 4,000.00(135.00)2,251.88 6,386.88 2,892.08 8,500.00(800.41) (5,607.92)3,692.49Sales - Food 21,618.03 125.00 25,922.12 21,493.03(4,304.09)55,225.93 250.00 42,921.01 54,975.93 12,304.92Sales - Beer19,178.15 450.00 15,601.95 18,728.15 3,576.20 35,847.86 900.00 27,877.91 34,947.86 7,969.95Sales - Wine 1,328.77 0.00 1,471.11 1,328.77(142.34)3,050.06 0.00 1,850.30 3,050.06 1,199.76Sales - Liquor4,561.08 50.00 4,694.01 4,511.08(132.93)9,966.52 100.00 8,425.52 9,866.52 1,541.00Group Service Charges 7,750.74 0.00(573.48)7,750.74 8,324.22 16,340.57 0.00(1,594.17)16,340.57 17,934.74Food & Beverage Revenue54,436.77 625.00 47,115.71 53,811.77 7,321.06 120,430.941,250.00 79,480.57 119,180.9440,950.37TOTAL REVENUE 375,026.10 247,225.00 324,319.72 127,801.10 50,706.38 743,247.51 488,650.00 609,531.20 254,597.51 133,716.31ExpensesCOS - Merchandise 10,100.27 8,995.00 10,589.57(1,105.27)489.30 18,868.97 16,105.00 19,518.47(2,763.97)649.50COS - Food 11,383.24 37.50 8,756.57(11,345.74) (2,626.67)25,631.80 75.00 17,144.26(25,556.80) (8,487.54)COS - Beer6,513.71 135.00 4,031.13(6,378.71) (2,482.58)11,303.13 270.00 8,175.25(11,033.13) (3,127.88)COS - Wine 415.15 0.00 291.63(415.15) (123.52)948.30 0.00 356.20(948.30) (592.10)COS - Liquor1,758.43 15.00 1,487.53(1,743.43) (270.90)3,779.59 30.00 2,169.05(3,749.59) (1,610.54)Cost of Sales30,170.80 9,182.50 25,156.43(20,988.30) (5,014.37)60,531.79 16,480.00 47,363.23(44,051.79) (13,168.56)Gross Margin 344,855.30238,042.50299,163.29 106,812.8045,692.01 682,715.72 472,170.00562,167.97 210,545.72 120,547.75Month-to-Date Year-to-Date
APPENDIX 1El Conquistador Golf Mgmt., LLC Report Date: 8/31/2025 El Conquistador Golf Course Aug - 2025 Budget Aug - 2024 Bud Var PY Var Aug - 2025 Budget Aug - 2024 Bud Var PY VarMonth-to-Date Year-to-DateSalaries & Wages 160,164.91 121,389.00 153,726.84(38,775.91) (6,438.07)326,965.79 242,278.00 296,649.53(84,687.79) (30,316.26)Payroll Taxes 12,702.65 9,575.00 12,520.36(3,127.65) (182.29)20,617.24 19,400.00 23,736.41(1,217.24)3,119.17Workers Comp 3,037.14 2,500.00 2,707.98(537.14) (329.16)8,342.34 5,000.00 5,010.78(3,342.34) (3,331.56)Employee Benefits 3,320.07 8,000.00 5,667.32 4,679.93 2,347.25 11,467.58 16,000.00 16,334.07 4,532.42 4,866.49Other Employee Benefits 1,796.08 1,300.00 1,303.02(496.08) (493.06)9,045.54 2,600.00 2,577.66(6,445.54) (6,467.88)Total Payroll & Benefits181,020.85 142,764.00175,925.52(38,256.85) (5,095.33)376,438.49 285,278.00344,308.45(91,160.49) (32,130.04)Meals & Entertainment366.29 450.00 496.16 83.71 129.87 828.60 900.00 852.39 71.40 23.79Travel 152.60 150.00 380.27(2.60)227.67 152.60 300.00 577.58 147.40 424.98Total Employee Related 518.89 600.00 876.43 81.11 357.54 981.20 1,200.00 1,429.97 218.80 448.77R&M - Equipment 18,292.84 21,250.00 14,958.10 2,957.16(3,334.74)37,290.78 37,500.00 27,269.37 209.22(10,021.41)R&M - Building 2,709.46 5,000.00 2,779.67 2,290.54 70.21 2,709.46 6,000.00 4,915.27 3,290.54 2,205.81R&M - Golf Course & Tennis Courts 2,879.22 2,500.00 13,284.80(379.22)10,405.58 2,999.66 4,000.00 14,511.76 1,000.34 11,512.10R&M - Other413.07 400.00 0.00(13.07) (413.07)826.14 800.00 401.04(26.14) (425.10)Sod 0.00 0.00 214.80 0.00 214.80 0.00 500.00 1,067.72 500.00 1,067.72Sand & Gravel 6,951.73 2,000.00 4,469.64(4,951.73) (2,482.09)8,620.81 6,000.00 8,649.73(2,620.81)28.92Gas, Diesel, Oil & Lubricants 3,488.29 3,950.00 3,275.24 461.71(213.05)8,901.34 10,400.00 8,791.97 1,498.66(109.37)Fertilizers 0.00 3,000.00 0.00 3,000.00 0.00(705.17)8,000.00 4,804.40 8,705.17 5,509.57Chemicals 14,798.25 10,500.00 4,682.38(4,298.25) (10,115.87)18,859.87 13,800.00 7,343.71(5,059.87) (11,516.16)Total Repairs & Maintenance 49,532.86 48,600.00 43,664.63(932.86) (5,868.23)79,502.89 87,000.00 77,754.97 7,497.11(1,747.92)Marketing & Advertising 930.50 1,270.00 1,573.41 339.50 642.91 1,861.00 2,390.00 6,066.78 529.00 4,205.78Computer Related 942.00 0.00 0.00(942.00) (942.00)1,884.00 0.00 0.00(1,884.00) (1,884.00)Dues & Subscriptions 5,189.89 3,870.00 3,262.18(1,319.89) (1,927.71)7,025.64 7,740.00 4,804.85 714.36(2,220.79)Operating Supplies 12,289.63 4,800.00 12,362.22(7,489.63)72.59 20,673.19 8,050.00 16,774.91(12,623.19) (3,898.28)Linens & Laundry685.44 0.00 1,210.09(685.44)524.65 1,601.89 0.00 1,896.93(1,601.89)295.04Postage 20.24 75.00 73.00 54.76 52.76 20.24 75.00 73.00 54.76 52.76Member Relations 0.00 0.00 214.69 0.00 214.69 0.00 0.00 264.75 0.00 264.75Uniforms 332.42 0.00 132.33(332.42) (200.09)1,982.73 0.00 214.17(1,982.73) (1,768.56)Merchant Processing Fees 5,024.77 3,550.00 3,358.03(1,474.77) (1,666.74)11,068.45 7,600.00 7,515.76(3,468.45) (3,552.69)Bank Fees(31.83)0.00 0.00 31.83 31.83(31.83)0.00 0.00 31.83 31.83Cash Short / (Over) 0.00 0.00 0.00 0.00 0.00(338.80)0.00 0.00 338.80 338.80Late Fees & Penalties(31.83)0.00 0.00 31.83 31.83 0.00 0.00 0.00 0.00 0.00Centralized Services 1,959.40 2,125.00 2,042.88 165.60 83.48 4,499.35 4,250.00 3,995.05(249.35) (504.30)Total Operating Expenses 27,310.63 15,690.00 24,228.83(11,620.63) (3,081.80)50,245.86 30,105.00 41,606.20(20,140.86) (8,639.66)Operating Profit86,472.07 30,388.50 54,467.88 56,083.57 32,004.19 175,547.28 68,587.00 97,068.38 106,960.28 78,478.90Electric & Gas 25,801.18 28,750.00 26,656.68 2,948.82 855.50 52,134.61 56,500.00 52,697.97 4,365.39 563.36Water98,959.31 102,500.00 100,045.15 3,540.69 1,085.84 203,600.01 220,750.00 216,911.26 17,149.99 13,311.25Telephone & Internet Connection 796.20 875.00 504.81 78.80(291.39)1,441.48 1,750.00 1,232.44 308.52(209.04)Other Third-party Services3,803.52 9,975.00 4,460.47 6,171.48 656.95 6,803.35 14,400.00 20,628.27 7,596.65 13,824.92Total Utilities 129,360.21 142,100.00131,667.11 12,739.79 2,306.90 263,979.45 293,400.00291,469.9429,420.55 27,490.49
APPENDIX 1El Conquistador Golf Mgmt., LLC Report Date: 8/31/2025 El Conquistador Golf Course Aug - 2025 Budget Aug - 2024 Bud Var PY Var Aug - 2025 Budget Aug - 2024 Bud Var PY VarMonth-to-Date Year-to-DateLease Expense - Fixed 15,077.76 14,582.00 13,258.76(495.76) (1,819.00)30,155.52 29,164.00 26,517.52(991.52) (3,638.00)Lease Expense - Short-term & Other298.11 298.00 298.11(0.11)0.00 596.22 596.00 596.22(0.22)0.00Total Leases 15,375.87 14,880.00 13,556.87(495.87) (1,819.00)30,751.7429,760.00 27,113.74(991.74) (3,638.00)Fixed Operating Expenses 144,736.08 156,980.00145,223.98 12,243.92 487.90 294,731.19 323,160.00318,583.68 28,428.81 23,852.49Gross Operating Profit(58,264.01) (126,591.50) (90,756.10)68,327.49 32,492.09(119,183.91) (254,573.00) (221,515.30)135,389.09 102,331.39Insurance 3,209.03 6,000.00 5,877.20 2,790.97 2,668.17 9,086.23 12,000.00 11,754.40 2,913.77 2,668.17Bad Debt Expense 123.78 100.00 214.69(23.78)90.91 166.14 200.00 264.74 33.86 98.60Fees, Permits, & Licenses 1,697.00 300.00 1,939.60(1,397.00)242.60 2,341.50 950.00 2,889.86(1,391.50)548.36Base Management Fees11,040.81 11,094.00 10,824.32 53.19(216.49)22,081.62 22,188.00 21,648.64 106.38(432.98)Other Expenses 16,070.62 17,494.00 18,855.81 1,423.38 2,785.19 33,675.49 35,338.00 36,557.641,662.51 2,882.15Net Operating Income(74,334.63) (144,085.50) (109,611.91)69,750.87 35,277.28(152,859.40) (289,911.00) (258,072.94)137,051.60105,213.54Incentive Management Fee 0.00 0.00 8,030.62 0.00 8,030.62 0.00 0.00 8,030.62 0.00 8,030.62NET INCOME(74,334.63) (144,085.50) (117,642.53)69,750.87 43,307.90(152,859.40) (289,911.00) (266,103.56)137,051.60 113,244.16EBITDA(74,334.63) (144,085.50) (117,642.53)69,750.87 43,307.90(152,859.40) (289,911.00) (266,103.56)137,051.60 113,244.16
APPENDIX 2Operating:Through AugBudgetCumulativeFY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY2024 FY2025 FY2026 FY 2026 ActualsRevenue36 Hole 500,158 1,883,452 1,798,304 2,171,484 2,367,136 2,593,395 3,522,083 3,674,489 3,856,880 4,724,718 4,933,178 603,672 4,311,050 32,628,948 Pusch Ridge - 105,370 99,134 59,726 106,184 98,316 - 380,375 414,225 528,346 619,276 20,348 528,628 2,431,300 F&B - Overlook - 606,171 708,594 745,766 671,582 554,336 448,782 671,479 725,222 766,679 865,944 119,228 785,400 6,883,783 Total Revenue500,158 2,594,993 2,606,032 2,976,976 3,144,902 3,246,047 3,970,865 4,726,343 4,996,327 6,019,743 6,418,398 743,248 5,625,078 41,944,031 Expenses36 Hole 1,112,252 3,588,714 3,936,889 3,817,932 3,771,706 3,891,341 3,915,216 3,740,982 3,929,757 4,263,007 4,365,456 729,080 4,468,886 41,062,332 Pusch Ridge - 253,513 256,769 236,160 230,196 287,112 - 319,702 390,959 478,320 516,762 46,886 508,480 3,016,380 F&B - Overlook - 861,740 823,383 841,866 785,499 701,538 440,382 630,509 596,910 684,037 756,376 120,140 751,271 7,242,380 Total Expenses1,112,252 4,703,967 5,017,041 4,895,958 4,787,401 4,879,991 4,355,598 4,691,193 4,917,626 5,425,364 5,638,594 896,107 5,728,637 51,321,091 Profit/(Loss)36 Hole (612,094) (1,705,262) (2,138,585) (1,646,448) (1,404,570) (1,297,946) (393,133) (66,493) (72,877) 461,711 567,722 (125,409) (157,836) (8,433,384) Pusch Ridge - (148,143) (157,635) (176,434) (124,012) (188,796) - 60,673 23,266 50,026 102,514 (26,539) 20,148 (585,080) F&B - Overlook - (255,569) (114,789) (96,100) (113,917) (147,202) 8,400 40,970 128,312 82,642 109,569 (912) 34,129 (358,597) Total Operating Profit/(Loss)(612,094) (2,108,974) (2,411,009) (1,918,982) (1,642,499) (1,633,944) (384,733) 35,150 78,701 594,379 779,804 (152,859) (103,559) (9,377,060) Capital Investments45,116 47,909 29,464 - - 131,035 2,828,061 4,619,904 2,184,848 743,897 - 630,000 10,630,234 Initial purchase (1)300,000 350,000 350,000 1,000,000 Notes: (1) $1,000,000 original purchase of courses and community center1/2 cent sales tax 506,710 2,030,750 2,199,466 2,330,941 2,463,034 2,584,916 2,947,420 3,535,507 3,707,578 3,792,744 3,904,926 593,099 - 30,597,091 HOA contributions - - - - - - 125,000 159,050 159,050 159,050 159,050 - 34,050 761,200 POST AGREEMENTPRE AGREEMENTTown of Oro ValleyGolf AnalysisAPPENDIX 2Page 1 OF 2
APPENDIX 2Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunFY 2024Gross Margin 213,698 225,040 295,419 332,783 495,412 480,305 525,109 589,339 694,275 586,473 430,577 294,092 Expenses 406,558 333,614 420,523 454,504 412,959 349,298 308,213 291,616 334,623 326,900 398,960 530,376 Net Income/(Loss) (192,860) (108,573) (125,103) (121,721) 82,453 131,007 216,896 297,723 359,652 259,573 31,617 (236,284) FY 2025Gross Margin 263,005 299,163 297,857 375,363 594,117 556,764 534,838 706,996 737,685 675,958 450,287 378,899 Expenses 411,466 416,806 442,887 488,946 531,458 378,085 374,611 318,371 420,446 381,953 453,967 476,826 Net Income/(Loss) (148,461) (117,643) (145,030) (113,583) 62,659 178,679 160,226 388,625 317,239 294,005 (3,681) (97,927) FY 2026Gross Margin 337,860 344,855 Expenses 416,385 419,190 Net Income/(Loss) (78,525) (74,335) - - - - - - - - - - Town of Oro ValleyGolf Analysis - Contractor Financials - 200,000 400,000 600,000 800,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunComparison of Gross Income by Month - Total Golf OperationsFY 2024FY 2025FY 2026 - 100,000 200,000 300,000 400,000 500,000 600,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunComparison of Total Expenses by Month - Total Golf OperationsFY 2024FY 2025FY 2026 (400,000) (200,000) - 200,000 400,000 600,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunComparison of Net Income/(Loss) by Month - Total Golf OperationsFY 2024FY 2025FY 2026APPENDIX 2Page 2 of 2
APPENDIX 3Consolidated Year-to-Date Financial Report through August 2025FY 2025/2026FundFY 25/26Beginning BalanceRevenueOther Fin Sources/Transfers InTotal In Personnel O&M CapitalDebt ServiceOther Fin Uses/ Transfers OutTotal OutFund Balance Through August 2025General Fund 20,702,401 8,014,754 - 8,014,754 5,573,407 2,747,838 84,559 - 3,703,829 12,109,633 16,607,522 Highway Fund 1,598,787 728,469 - 728,469 199,122 127,644 - - - 326,766 2,000,490 Grants and Contributions Fund 460,787 110,358 59,109 169,467 406 1,450 106,076 - - 107,931 522,323 Seizure & Forfeiture - Justice/State 374,906 (1,515) - (1,515) - - - - - - 373,391 Community Center Fund 2,921,900 1,551,961 - 1,551,961 256,807 1,085,948 75,791 - 172,968 1,591,513 2,882,348 Municipal Debt Service Fund 53,800 81,294 3,918,566 3,999,860 - 3,925 - 3,428,051 - 3,431,976 621,684 Water Resource System & Dev. Impact Fee Fund 6,481,181 167,626 - 167,626 - - 246,404 557,505 - 803,909 5,844,897 Townwide Roadway Dev Impact Fee Fund 3,095,031 75,744 - 75,744 - - - - - - 3,170,775 Parks & Recreation Impact Fee Fund 381,038 22,387 - 22,387 - - - - - - 403,425 Police Impact Fee Fund 122,916 13,870 - 13,870 - - - - 38,765 38,765 98,021 Capital Fund 16,847,866 225,899 - 225,899 - 532 1,245,325 - 59,109 1,304,966 15,768,799 PAG/RTA Fund 446,926 2,753 - 2,753 - 4,955 - - - 4,955 444,724 Water Utility 16,058,321 4,653,488 - 4,653,488 516,757 1,601,132 107,495 3,523,708 3,004 5,752,097 14,959,713 Stormwater Utility 1,447,723 278,650 - 278,650 130,208 46,124 - - - 176,332 1,550,041 Benefit Self Insurance Fund 3,995,323 704,118 - 704,118 - 825,914 - - - 825,914 3,873,527 Recreation In-Lieu Fee Fund 52,018 271 - 271 - - - - - - 52,289 Total 75,040,924 16,630,125 3,977,675 20,607,800 6,676,707 6,445,461 1,865,650 7,509,264 3,977,675 26,474,757 69,173,967
APPENDIX 4Local Sales Tax Collections FY 2025/26JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALConstruction Sales Tax179,150 163,435 342,585 Utility Sales Tax302,786 412,779 715,565 Retail Sales Tax941,576 718,085 1,659,661 Remote Seller Sales Tax192,279 164,776 357,055 Bed Tax112,651 91,706 204,357 Restaurant & Bar Sales Tax269,228 190,588 459,816 All Other Local Sales Tax *115,341 377,287 492,628 Monthly Total 2,113,010$ 2,118,656$ 4,231,666$ Cumulative Total2,113,010$ 4,231,666$ Monthly variance(220,775)$ (201,284)$ Cumulative variance(220,775)$ (422,059)$ FY 2024/25JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALConstruction Sales Tax 427,032 291,729 371,199 324,860 545,601 253,973 356,030 414,112 171,326 130,317 296,873 293,764 3,876,815 Utility Sales Tax 306,838 399,701 417,156 405,901 370,322 335,865 288,120 341,375 312,662 259,576 253,922 266,994 3,958,432 Retail Sales Tax 937,920 715,116 684,389 714,418 739,186 827,763 1,054,115 782,626 713,089 825,844 800,879 737,884 9,533,230 Remote Seller Sales Tax 164,541 141,042 139,202 140,153 150,391 183,215 220,084 154,652 143,119 160,766 156,956 159,881 1,914,002 Bed Tax 107,778 180,045 136,688 120,312 177,934 231,333 286,851 209,622 320,232 321,945 252,906 177,851 2,523,496 Restaurant & Bar Sales Tax 271,259 191,436 200,970 229,592 214,851 229,614 299,860 224,492 251,749 306,309 224,410 261,930 2,906,470 All Other Local Sales Tax *118,418 400,871 375,123 392,307 405,900 482,938 602,411 470,371 496,749 547,430 478,840 424,726 5,196,084 Monthly Total 2,333,785$ 2,319,940$ 2,324,727$ 2,327,543$ 2,604,184$ 2,544,700$ 3,107,472$ 2,597,249$ 2,408,926$ 2,552,188$ 2,464,785$ 2,323,029$ 29,908,529$ Cumulative Total2,333,785$ 4,653,725$ 6,978,452$ 9,305,995$ 11,910,179$ 14,454,879$ 17,562,351$ 20,159,600$ 22,568,526$ 25,120,715$ 27,585,500$ 29,908,529$ *Does not include cable franchise fees or sales tax audit revenues
APPENDIX 5General Fund State Shared RevenuesFY 2025/26JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALState Shared Income Tax 793,555 793,555 1,587,110 State Shared Sales Tax 619,095 603,827 1,222,922 County Auto Lieu 216,240 215,390 431,631 Smart and Safe- - - Monthly Total 1,628,891$ 1,612,772$ 3,241,663$ Cumulative Total 1,628,891$ 3,241,663$ Monthly variance (59,126)$ (41,479)$ Cumulative variance (59,126)$ (100,605)$ FY 2024/25JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALState Shared Income Tax 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 856,425 10,277,099 State Shared Sales Tax 593,796 582,212 575,094 597,416 614,349 622,937 724,079 596,353 582,965 677,435 632,153 618,346 7,417,134 County Auto Lieu 237,795 215,615 204,204 224,993 189,831 182,939 128,184 304,691 257,209 119,394 230,779 325,869 2,621,504 Smart and Safe- - - - - 138,177 - - 15 - - 148,981 287,173 Monthly Total 1,688,016$ 1,654,252$ 1,635,723$ 1,678,834$ 1,660,605$ 1,800,479$ 1,708,688$ 1,757,469$ 1,696,614$ 1,653,254$ 1,719,357$ 1,949,620$ 20,602,911$ Cumulative Total 1,688,016$ 3,342,268$ 4,977,991$ 6,656,825$ 8,317,430$ 10,117,909$ 11,826,596$ 13,584,065$ 15,280,679$ 16,933,933$ 18,653,291$ 20,602,911$
APPENDIX 6Debt Service ExpenseAdopted Forecast Forecast Forecast Forecast Forecast Forecast Forecast Final Payment 2025/26 2026/27 2027/28 2028/29 2029/30 2030-2035 2036-2040 2041-2045DateMunicipal Debt Service FundExcise Tax Revenue Bonds- - - 2010 CREBS 186,370 176,066 170,437 - - - - - 20282012 Revenue Bonds 224,631 227,147 224,125 - - - - - 20282015a Refunding Excise Tax 304,379 - - - - - - - 20262016 Excise Tax 172,968 172,635 172,236 172,760 172,207 344,447 - - 20322017a Refunding Excise Tax 138,645 138,626 - - - - - - 20272018a Excise Tax Revenue Obligation 171,515 171,446 171,502 171,429 171,229 684,420 - - 20342021 Parks & Rec Excise Tax 1,543,300 1,544,800 1,539,425 1,542,050 1,537,550 7,693,950 7,682,400 3,063,900 20422021 Pension Obligation Bonds 1,271,262 1,266,350 1,264,118 1,264,461 1,262,588 6,312,780 5,036,273 - 2039Total Municipal Debt Service Fund4,013,070 3,697,070 3,541,843 3,150,700 3,143,574 15,035,597 12,718,673 3,063,900 Community Center FundContracts PayableLeased Fitness Equipment 7,668 - - - - - - - 2026Financed Fitness Equipment 22,677 7,559 - - - - - - 2027Golf Carts 130,867 76,339 - - - - - - 2027Leased Copiers 76,800 76,800 12,800 - - - - - 2028Total Community Center Fund238,012 160,698 12,800 - - - - - WRSDIF FundExcise Tax Revenue Bonds2021b Excise Tax Revenue Obligation (4) 55,924 56,015 55,596 34,453 8,255 - - - 20302025b Senior Lien Water Revenue Obligation (5) 455,408 455,411 455,408 455,409 455,410 2,277,041 - - 20352025b WIFA Loan (6) 493,700 468,639 468,639 468,639 468,639 2,343,196 2,343,196 2,343,196 2045Total WSRDIF Fund1,005,032 980,065 979,643 958,501 932,304 4,620,237 2,343,196 2,343,196 Water Utility FundExcise Tax Revenue Bonds2015b Refunding Revenue Bonds (1) 148,500 - - - - - - 20262017b Refunding Revenue Bonds (2) 1,619,650 1,619,032 - - - - - - 20272018b Excise Tax Revenue Obligation (3) 508,532 508,144 508,118 507,710 506,914 2,024,062 - - 20342021a Excise Tax Revenue Obligations (4) 743,499 744,714 739,138 458,046 109,745 - - - 20302025a Senior Lien Water Revenue Obligation (5) 303,605 303,607 303,605 303,606 303,607 1,518,027 - - 2035Water Revenue Loans2014 WIFA Loan 371,750 371,509 371,261 371,006 - - - - 20292025a WIFA Loan (6) 329,134 312,426 312,426 312,426 312,426 1,562,131 1,562,131 1,562,131 2045Total Water Utility Fund4,024,671 3,859,432 2,234,549 1,952,794 1,232,692 5,104,220 1,562,131 1,562,131 TOTAL DEBT SERVICE - ALL FUNDS9,280,785 8,697,265 6,768,834 6,061,995 5,308,571 24,760,053 16,624,000 6,969,227 (5) Series 2025 debt service is split between the Water Utility Fund (40%) and the Water Impact fee Fund (60%).(6) 2025 WIFA loan debt service is split between the Water Utility Fund (40%) and the Water Impact fee Fund (60%).(1) Series 2015 for municipal operation facilities debt service is split between General Fund excise tax revenue (67%) and water revenue (33%).(2) Series 2017 debt service is split between General Fund excise tax revenue (8%) and water revenue (92%).(3) Series 2018 for water infrastucture and police evidence and substation facility. Debt service is split between General Fund excise tax revenue (25%) and water revenue (75%).(4) Series 2021 debt service is split between the Water Utility Fund (93%) and the Water Impact fee Fund (7%).
APPENDIX 7Town of Oro ValleyOperating Investment SummaryFiscal Year 2025/26JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUNLGIPEnding Market Value11,048,264$ 10,564,199$ Investment Income34,213$ 41,256$ 1-Month Yield4.33% 4.32%PFM Asset ManagementClosing Market Value39,752,553$ 38,301,783$ Investment Income199,738$ 172,343$ Annualized Yield to Maturity at Cost4.51% 4.54%Wells Fargo SweepEnding Balance3,413,781$ 6,187,767$ Investment Income13,910$ 10,451$ 7-Day Simple Yield4.18% 4.18%Total Ending Balance54,214,597$ 55,053,750$ Total Investment Income247,861$ 224,050$
APPENDIX 8
Town of Oro Valley - Development Impact Fee Fund Projects
Parks and Recreation Facilities
Description Cost Completed?
Skate Park $1,500,000 Yes
Playground and Parking Lot $1,700,000 Yes
Multiuse Fields (lighted) $1,200,000 Yes
Dog Park $150,000 Yes
Developed Park Land $927,694
Park Amenities $2,501,696
Police
Police Substation Debt $1,198,500
Police Vehicles $846,050
Street Facilities
La Cholla Blvd, Tangerine Rd-Lambert Ln - Road Widening $1,700,000 Yes
Shannon Rd, Tangerine Rd-Naranja Dr - New Road $1,000,000
Lambert Ln. .5 mi E of Shannon-Rancho Sonora - Road Widening $1,000,000
Rancho Vistoso & Woodburne - Intersection Improvement $750,000
Oracle Rd & Rams Field Intersection - Intersection Improvement $750,000
Moore Rd La Cholla Blvd - Intersection Improvement $900,000
Moore Rd - Extension E of Rancho Vistoso Blvd - New Road & Intersection $1,026,840 Yes
Moore Rd & La Canada Dr Intersection - Intersection Improvement $1,200,000 Yes
Glover Rd Multi Use Path - Multi-modal facility $150,000 Yes
Glover Rd south half widening - Road Widening $500,000 Yes
Water Facilities
Water Supply
Steam Pump D-Zone Well $1,500,000
Program Management Support Services (P) $1,050,000 Yes
Well Improvement Analysis and Recovery Permits (P) $150,000 Yes
Well Drilling and Testing (P) $300,000 Yes
Construction Permitting, Drilling, Development and Testing (P) $1,500,000 Yes
Well Equipment Design and Site Improvements (P) $1,800,000 Yes
Storage
Palisades C-Zone Storage Tank and Pipeline $4,250,000
Pressure Zone G Storage Expansion $8,000,000
Pressure Zone G, H and I Storage Expansion $4,000,000
Forebay Design (P)$99,231 Yes
Forebay Reservoir Construction (P) $900,000 Yes
Shannon Rd Forebay Reservoir And Booster Station Prop (Ind.) $240,000 Yes
Forebay Reservoir Booster Station Design (Ind.) $90,000 Yes
Shannon Rd Forebay Reservoir and Booster Station Design (Ind.) $180,000 Yes
Booster Station Construction Forebay Res. (Ind.) $300,000 Yes
Shannon Road Forebay Res. Construction (Ind.) $840,000 Yes
Shannon Road Forebay Res. Construction (Ind.) $540,000 Yes
Arizona municipalities can charge development fees to cover the cost of infrastructure improvements needed to support new
development. These fees are one-time payments used to fund projects like building new roads, parks, or water facilities. The amount of
the fee is determined by an Infrastructure Improvements Plan (IIP) and land use assumptions. Importantly, development fees can only
be used for building new infrastructure or paying off debt for growth-related projects. They cannot be used for ongoing maintenance,
repairs, or addressing existing problems. The Town's IIP includes public services for parks and recreation facilities, police facilities,
street facilities, and water facilities.
Below is a list of identified IIP projects use in the latest impact fee study to calculate the development fees. These are projects that
would be eligible to be funded by development fees as outlined in ARS § 9-463.05 (T)(7)(a).
APPENDIX 8
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APPENDIX 8
Water Facilities Continued
Description Cost Completed?
Distribution
Moore Road F-Zone Interconnect $750,000
Water Plant 14 Booster Capacity Expansion $250,000
Pipeline Design (Recovery Water & Transmission) (P) $660,692 Yes
Pipeline Construction (P) $4,320,000
Pipeline Route Study and Preliminary Design (Ind.) $120,000 Yes
Pipeline Easement Acquisition (Ind.) $450,000 Yes
Pipeline Design (Ind.) $600,000 Yes
Pipeline Construction NWRRDS to La Canada Res. (Ind.) $5,880,000
Interconnect to Tangerine Rd. (Ind.) $270,000 Yes
Interconnect to Lambert Lane (Ind.) $510,000 Yes
APPENDIX 8
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