Council to take action on Resolution No. 66-26 designating the Chief Fiscal Officer for officially submitting the fiscal year 2026 Annual Expenditure Limitation Report to the Arizona Auditor General;
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4.X CITY OF BUCKEYE Regular Council Meeting COUNCIL ACTION REPORT MEETING DATE: 06/16/26 AGENDA ITEM: 4.X. FIN - Resolution No. 66-26 Designation of Chief Fiscal Officer for Annual Expenditure Limitation Report for fiscal year 2026 DATE PREPARED: 06/11/26 DISTRICT NO.: All STAFF LIAISON: Keith Fallstrom, Chief Financial Officer, kfallstrom@buckeyeaz.gov, (623) 349-6161 DEPARTMENT: Financial Services AGENDA ITEM TYPE: Consent Agenda Items / New Business ACTION/MOTION: (This language identifies the formal motion to be made by the Council) Council to take action on Resolution No. 66-26 designating the Chief Fiscal Officer for officially submitting the fiscal year 2026 Annual Expenditure Limitation Report to the Arizona Auditor General; providing for repeal of conflicting resolutions; providing for severability; and authorizing the Mayor, City Manager, City Attorney, City Clerk and Chief Fiscal Officer to take all steps necessary to carry out the purpose and intent of this Resolution on behalf of the Governing Body. GOALS AND OBJECTIVES FOR THE STRATEGIC PLAN FOCUS AREAS: Fiscal Responsibility SUMMARY PROJECT DESCRIPTION: Pursuant to Arizona Revised Statutes Section 41-1279.07, by July 31st each year, the City is required to provide to the Arizona Auditor General (Auditor General) the name of the Chief Fiscal Officer (CFO) designated by the Mayor and Council to submit the current fiscal year's Annual Expenditure Limitation Report (AELR). The City is also required to notify the Auditor General of any changes to those designated individuals. The designated CFO shall certify as to the accuracy of the AELR. With Council's approval of Resolution No. 66-26, Keith Fallstrom will be designated as the CFO for fiscal year 2026 and will be authorized to take the steps necessary to carry out the purpose and intent of the Resolution. Additionally, Resolution No. 66-26 provides for repeal of conflicting resolutions, including Resolution No. 22-25 adopted June 17, 2025, which designates a different chief fiscal officer for fiscal year 2026. BENEFITS: The City will be in compliance with annual reporting of the designation of the CFO to the Auditor General as required by ยง 41-1279.07(E). FUTURE ACTION: Notice to be filed annually by the City of Buckeye Finance Department. FINANCIAL IMPACT STATEMENT: No financial impact. CURRENT FISCAL YEAR TOTAL COST: $0 BUDGETED: No FISCAL YEAR: 2026 Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: Resolution No. 66-26 CFO_Designation FY2026.pdf