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Item # B.

Town Council Regular Session

Meeting Date:

04/08/2026

Submitted By:

David Gephart, Finance

Department:

Finance

SUBJECT:

Resolution No. (R)26-12, designating David Gephart as Chief Fiscal Officer, authorized to submit the Town's Annual Expenditure Limitation Report (AELR) to the State Auditor General for FY 26-27

RECOMMENDATION:

Staff recommends approval.

EXECUTIVE SUMMARY:

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). Council's action approving the attached resolution designating David Gephart as the CFO authorized to submit the AELR satisfies this requirement. Council most recently took action on this item on April 16, 2025, for the 2025-2026 fiscal year. This item covers fiscal year 2026-2027.

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 2025 prior to the March 31, 2026, deadline.

BACKGROUND OR DETAILED INFORMATION:

N/A

FISCAL IMPACT:

N/A

SUGGESTED MOTION:

I MOVE to approve Resolution No. (R)26-12, designating David Gephart as Chief Fiscal Officer, authorized to submit the Town's annual expenditure limitation report (AELR) to the Auditor General for FY 26-27.

Attachments

(R)26-12 Resolution