Notice of Pending Financial Statement Filing FY2022
Notice of Pending Financial Statement Filing FY2022
Notice of Pending Financial Statement Filing
Date: March 27, 2024
Arizona Revised Statutes (A.R.S.) §9-481 requires cities and towns to file a copy of their financial statements with the Office of the Auditor General pursuant to A.R.S. §41-1279.07 within 9 months after the close of each fiscal year. These financial statements must be posted in a prominent location on the City’s or Town’s official website within 7 business days of filing the reports with the Auditor General.
This form is posted on our website in place of the financial statements until the financial statements are filed with the Office of the Auditor General. A copy of this form has been sent to the Office of the Auditor General, the Speaker of the House of Representatives, and the President of the Senate.
If the financial statements are not completed as prescribed, on or before the adoption process of our budget pursuant to A.R.S. §§42-17103 and 42-17105, this form will be published in the budget for the subsequent fiscal year to notify taxpayers that the required financial statements are pending, the reasons for the delay, and the estimated date of completion. Entity name: Fiscal reporting year: Reasons forReasons for delayed report(s): The City of Globe lost their Finance Director due to health reasons in FY2022. The City held numerous recruitments and were unable to fill the Finance Director position. As a result, the City was unable to complete the FY2022. Then additional personnel were hired in Finance that did not work out and as a result the City was unable to complete the FY2023 audit. Since then, the City has hired two professional consulting firms to complete the audit preparation so that the outside auditors can come in within the next 3 months and get both audits done. delayed report(s):
Entity name: City of Globe, Arizona
Fiscal reporting year: 2022 & 2023
Reasons for delayed report(s): The City of Globe lost their Finance Director due to health reasons in FY2022. The City held numerous recruitments and were unable to fill the Finance Director position. As a result, the City was unable to complete the FY2022. Then additional personnel were hired in Finance that did not work out and as a result the City was unable to complete the FY2023 audit. Since then, the City has hired two professional consulting firms to complete the audit preparation so that the outside auditors can come in within the next 3 months and get both audits done.
Estimated date of completion: July 31, 2024
Contact name: Paul Jepsen
Title: City Manager
Phone number: 928-425-7146
Email: ptjepson@globeaz.gov