| | | | | | | | CITY OF PEORIA, ARIZONA COUNCIL COMMUNICATION | Agenda Item: 7C. |
| Date Prepared: 5/21/2024 | Council Meeting Date: 6/11/2024 |
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| | | | | | | | | TO: | Mike Faust, City Manager
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| | | | | | | | THROUGH:
| Kevin Burke, Deputy District Manager |
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| | | | | | | | | FROM:
| Sean Kindell, Chief Financial Officer
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| | | | | | | | SUBJECT:
| Designation of Chief Fiscal Officer for Submittal of Annual Expenditure Limitation Report |
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| | | | | | | | Purpose:
Discussion and possible action to adopt RES. 2024-43 designating Sean Kindell, Chief Financial Officer, to submit the Annual Expenditure Limitation Report to the Arizona Auditor General. |
| | | | | | | | Summary:
The City is required to annually designate a Chief Fiscal Officer who is authorized by the governing body to submit the Annual Expenditure Limitation Report (AELR).
As Chief Financial Officer, Sean Kindell, would be designated with the authority to submit the report. A.R.S. 41-1279.07(E) requires each municipality to annually provide to the Auditor General, by July 31, the name of the Chief Fiscal Officer the governing body has designated to officially submit the subsequent Year's AELR on the governing body's behalf. The designation must be by resolution and in the specific resolution format prescribed by the Auditor General.
Arizona municipalities are subject to constitutional expenditure limitations prescribed by Article IX, Sections 20 and 21 of the Arizona Constitution. Each municipality is required to submit an AELR every year to the Auditor General showing compliance with the expenditure limitation. |
| | | | | | | | Previous Actions/Background:
On August 15, 2023, the City Council approved a similar resolution designating Sean Kindell to submit the FY2024 AELR. |
| | | | | | | | Staff Recommendation:
Approve the Resolution as presented. |
| | | | | | | | Fiscal Analysis:
No Fiscal Impact. |
| | | | | | | | Contact Name and Number:
Sean Kindell, (623) 773-7819 |
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