Town Council Regular Session
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Item # I.
David Gephart, Finance
Resolution No.(R)21-45, designating David Gephart as Chief Fiscal Officer, authorized to submit the Town's Annual Expenditure Limitation Report (AELR) to the State Auditor General for FY21-22
Staff recommends approval.
Arizona Revised Statutes Section 41-1279.07(E) requires each county, city, town and community college district to annually provide to the Auditor General, by July 31, the name of the Chief Fiscal Officer (CFO) the governing board designated to submit the current year's annual expenditure limitation report (AELR). The Auditor General's Office has recently updated the CFO designation form to require documentation of the governing board's official designation authorizing the individual to submit the AELR as the CFO, such as a board resolution or meeting minutes. Council's action approving the attached resolution designating David Gephart as the Chief Fiscal Officer authorized to submit the AELR satisfies this requirement. Council most recently took action on this item in May 2021 for the 2020-2021 fiscal year. This item covers the following/current fiscal year 2021-2022.
The AELR is prepared annually by the Town's independent auditors and is required to be filed with the Auditor General's Office by March 31 each year, or nine (9) months after fiscal year-end. The Town submitted its AELR for fiscal year 2020 prior to the March 31, 2021, deadline.
BACKGROUND OR DETAILED INFORMATION:
I MOVE to (approve or deny) Resolution No. (R)21-45, designating David Gephart as Chief Fiscal Officer, authorized to submit the Town's annual expenditure limitation report (AELR) to the Auditor General for FY21-22.
(R)21-45 Resolution Chief Fiscal Officer
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