Graham County annual expenditure limitation report: year ended June 30,...

              Graham County, Arizona
Report on Audit of
Annual Expenditure Limitation Report
Year Ended June 30, 2001
Graham County
Report on Audit of Annual Expenditure Limitation Report
Year Ended June 30, 2001
Table of Contents
Independent Auditor's Report......................................................................................1
Annual Expenditure Limitation Report - Part I.............................................................2
Annual Expenditure Limitation Report - Part II............................................................3
Notes to Annual Expenditure Limitation Report ..........................................................4
See accompanying notes to report.
3
Graham County
Annual Expenditure Limitation Report - Part II
Year Ended June 30, 2001
Special Capital
General Revenue Projects
Description Fund Funds Funds Total
A. Total expenditures reported within the annual general
purpose financial statements $ 10,536,096 $ 5,585,417 $ 88,002 $ 16,209,515
B. Less exclusions claimed:
Dividends, interest, and gains on sale or
redemption of investment securities (Note 2) 399,140 276,806 40,419 716,365
Trustee or custodian (Note 3) 536,184 536,184
Grants and aid from the federal government (Note 4) 838,977 610,183 1,449,160
Amounts received from the State of Arizona (Note 4) 907,666 1,823,883 2,731,549
Highway user revenues in excess of those received
in fiscal year 1979-80 (Note 4)
2,180,124
2,180,124
Contracts with other political subdivisions (Note 4) 1,065,068 318,784 1,383,852
Total exclusions claimed 3,747,035 5,209,780 40,419 8,997,234
C. Amounts subject to the expenditure limitation $ 6,789,061 $ 375,637 $ 47,583 $ 7,212,281
Graham County
Notes to Annual Expenditure Limitation Report
Year Ended June 30, 2001
4
Note 1 - Summary of Significant Accounting Policies
The Annual Expenditure Limitation Report (AELR) is presented on the basis of
accounting prescribed by the uniform expenditure reporting system (UERS), as
required by Arizona Revised Statutes §41-1279.07, which excludes expenditures of
certain revenues specified in the Arizona Constitution, Article IX, §20 from the total
expenditures reported in the annual general purpose financial statements.
In accordance with the UERS requirements, a note to the AELR is presented below for
any exclusion claimed on Part II that cannot be traced directly to an amount reported in
the annual general purpose financial statements. All references to financial statement
amounts in the following notes refer to the Combined Statement of Revenues,
Expenditures, and Changes in Fund Balances - All Governmental Fund Types for the
General, Special Revenue, and Capital Projects Funds.
Note 2 - The exclusion claimed for dividends, interest and gains on the sale or redemption of
investment securities of $399,140 in the General Fund includes investment income of
$120,611 and interest on delinquent taxes expended of $278,529, which was recorded
as tax revenue.
Note 3 - The exclusion claimed for trustee or custodian consists of $536,184 in contributions by
the County to the Arizona Health Care Cost Containment System for acute care, and
was recorded in welfare expenditures.
Note 4 - The following schedule presents revenues from which exclusions have been claimed
for federal grants and aid, amounts received from the State of Arizona, highway user
revenues and contracts with other political subdivisions in the General, Special
Revenue, and Capital Projects Funds.
Description
General
Fund
Special
Revenue
Funds
Grants and aid from the federal government $ 838,977 $ 610,183
Amounts received from the State of Arizona 907,666 1,823,883
Highway user revenues in excess of those received in
fiscal year 1979-80
2,180,124
Contracts with other political subdivisions 1,065,068 318,784
Other revenues – (nonexcludable) 4,296,377 382,520
Total intergovernmental revenues as reported in the
general purpose financial statements
$ 7,108,088
$ 5,315,494