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- All Subjects: Finance, Public
- All Subjects: Roads--Finance
- Creators: Battelle Memorial Institute. Technology Partnership Practice
The Board of Supervisors make an estimate of the different amounts required to meet the public expenditures/expenses for the ensuing year, also an estimate of revenues from sources other than direct taxation, and the amount to be raised by taxation upon real and personal property of Graham County.
The Annual Report is produced to provide the Board of Supervisors, the Citizen's Audit Advisory Committee, County leadership, and the citizens with information about Internal Audit's performance, accomplishments, and results achieved during the fiscal year.
The Navajo County Board of Supervisors has adopted this budget after declaring its alignment with the principles established in the Navajo County Five-Year Strategic Plan, which describes the vision and mission for Navajo County. Within this document, each department has identified measurable goals for the coming year that will support the success of the County’s Strategic Plan.
This report is prepared on a cash basis and reflects the financial transactions of the State of Arizona, as well as the financial condition of the State.
The Arizona Department of Transportation was authorized in 1996 to administer a State Infrastructure Bank under a cooperative agreement with the Federal Highway Administration. The Highway Expansion and Extension Loan Program (HELP) was established. The financial statements present only the funds comprising the Fund and are not intended to present fairly the financial position or results of operations of the Department.
The HELP program is meant to be a funding tool to accelerate needed highway projects throughout the state. Board Funding Obligations are an important part of the HELP capitalization and the current stress on the State's General Fund has impacted our ability to use BFOs as a funding source for new loans. Though $140 million of BFOs are authorized by statute to capitalize the HELP, the State Treasurer was required to call all outstanding BFOs in April 2009. Consequently, the State Transportation Board and the Department have suspended the HELP program given the uncertainty of a long term funding source.
Department Should Strengthen Its Management, Support, and Oversight of the State-wide Procurement System.
Projected transportation revenues fall short of estimated needs and the Arizona Legislature should consider a task force to study options for addressing transportation revenue needs.