Notice of Pending Financial Statement Filing FY2022

Notice of Pending Financial Statement Filing FY2022

Notice of Pending Financial Statement Filing

Date: March 31, 2023

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 for delayed report(s):

Entity name:  City of Globe, Arizona

Fiscal reporting year: 2022

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 audit and has since hired a consulting firm to complete the FY2022 audit as soon as  possible.

Estimated date of completion:  July 31, 2023

Contact name:  Paul Jepsen

Title: City Manager

Phone number:  928-425-7146

Email: ptjepson@globeaz.gov