Financial Documents
Budgets
Per A.R.S. §48-805.02(A), A fire district shall prepare an annual budget containing detailed estimated expenditures for each fiscal year that clearly shows salaries payable to district employees. The budget summary shall be posted in three public places, and a complete copy of the budget shall be published on the district's official website for twenty days before a public hearing at a meeting called by the board to adopt the budget. Copies of the budget shall also be available to members of the public on written request to the district. Following the public hearing, the district board shall adopt a budget. A complete copy of the adopted budget shall be posted in a prominent location on the district's official website within seven business days after final adoption and shall be retained on the website for at least sixty months.
Audits
Per A.R.S. §48-253(A)(1), a fire district with a budget of more than one million dollars shall be audited annually. Per A.R.S. §48-805(B)(10), the district may retain a certified public accountant to perform the annual audit of the district's books. Per A.R.S. §48-805.02 (G) Any audit, report or review of a fire district made pursuant to A.R.S. §48-253 shall be presented to the district board by the auditor telephonically or in another live electronic format during a public meeting of the board or, as directed by the board, in person at a public meeting of the board. The district board shall take formal action at the public meeting to review and receive the audit, report, or review. The audit, report, or review shall be posted in a prominent location on the district's website.
Pension Funding
Per A.R.S. §38-863.01(A)(1), the governing body of the district shall annually adopt a pension funding policy for employees who were hired before July 1, 2017, and include funding objectives that address how to maintain stability of the district's contributions to the system, how and when the funding requirements will be met, and define the district's funded ratio target under the system and the timeline for reaching the targeted funding ratio. The board must formally accept the employer's share of the assets and liabilities under the system based on the actuarial valuation report. The district shall post the policy on the website and transmit the policy to the pension board.