City of Tolleson - 2024 Audit Results Letter

Reporting and insights 
from 2024 audit: 
City of Tolleson, Arizona 
 
 
June 30, 2024

THIS COMMUNICATION IS INTENDED SOLELY FOR THE INFORMATION AND USE OF THOSE CHARGED WITH GOVERNANCE, AND, IF APPROPRIATE, 
MANAGEMENT, AND IS NOT INTENDED TO BE AND SHOULD NOT BE USED BY ANYONE OTHER THAN THESE SPECIFIED PARTIES. 
 
BAKER TILLY US, LLP, TRADING AS BAKER TILLY, IS A MEMBER OF THE GLOBAL NETWORK OF BAKER TILLY INTERNATIONAL LTD., THE MEMBERS OF WHICH 
ARE SEPARATE AND INDEPENDENT LEGAL ENTITIES. 
Executive summary 
 
December 18, 2024 
 
The Honorable Mayor and City Council 
City of Tolleson 
Tolleson, Arizona 
 
 
We have completed our audit of the financial statements of the City of Tolleson, Arizona (the “City”) for 
the year ended June 30, 2024, and have issued our report thereon dated December 18, 2024. This letter 
presents communications required by our professional standards. 
Your audit should provide you with confidence in your financial statements. The audit was performed 
based on information obtained from meetings with management, data from your systems, knowledge of 
your City’s operating environment and our risk assessment procedures. We strive to provide you clear, 
concise communication throughout the audit process and of the final results of our audit. 
Additionally, we have included information on key risk areas the City of Tolleson, Arizona should be 
aware of in your strategic planning. We are available to discuss these risks as they relate to your 
organization’s financial stability and future planning. 
If you have questions at any point, please connect with us: 
 
Brian Hemmerle, Principal: Brian.Hemmerle@bakertilly.com or +1 (480) 752 4307 
 
Cailee Lewis, Senior Manager: Cailee.Lewis@bakertilly.com or +1 (480) 752 4331 
 
Sincerely, 
Baker Tilly US, LLP 
 
Brian Hemmerle, CPA 
Principal

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Responsibilities 
Our responsibilities 
As your independent auditor, our responsibilities include: 
 
Planning and performing the audit to obtain reasonable assurance about whether the financial 
statements are free from material misstatement. Reasonable assurance is a high level of assurance. 
 
Assessing the risks of material misstatement of the financial statements, whether due to fraud or 
error. Included in that assessment is a consideration of the City’s internal control over financial 
reporting. 
 
Performing appropriate procedures based upon our risk assessment. 
 
Evaluating the appropriateness of the accounting policies used and the reasonableness of significant 
accounting estimates made by management. 
 
Forming and expressing an opinion based on our audit about whether the financial statements 
prepared by management, with the oversight of those charged with governance:  
 
Are free from material misstatement 
 
Present fairly, in all material respects and in accordance with accounting principles generally 
accepted in the United States of America 
 
Performing tests related to compliance with certain provisions of laws, regulations, contracts and 
grants, as required by Government Auditing Standards 
 
Considering internal control over compliance with requirements that could have a direct and material 
effect on major federal programs to design tests of both controls and compliance with identified 
requirements 
 
Forming and expressing an opinion based on our audit in accordance with OMB’s Uniform 
Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform 
Guidance) about the entity’s compliance with requirements described in the OMB Compliance 
Supplement that could have a direct and material effect on each of its major federal programs.  
 
Our audit does not relieve management or those charged with governance of their responsibilities. 
 
We are also required to communicate significant matters related to our audit that are relevant to the 
responsibilities of those charged with governance, including:  
 
Internal control matters 
 
Qualitative aspects of City’s accounting practice including policies, accounting estimates and financial 
statement disclosures 
 
Significant unusual transactions 
 
Significant difficulties encountered 
 
Disagreements with management 
 
Circumstances that affect the form and content of the auditors’ report 
 
Audit consultations outside the engagement team 
 
Corrected and uncorrected misstatements 
 
Other audit findings or issues

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Audit status 
Significant changes to the audit plan 
There were no significant changes made to either our planned audit strategy or to the significant risks and 
other areas of emphasis identified during the performance of our risk assessment procedures.  
Audit approach and results 
Planned scope and timing 
Audit focus 
Based on our understanding of the City and environment in which you operate, we focused our audit on 
the following key areas: 
 
Key transaction cycles 
 
Areas with significant estimates 
 
Implementation of new accounting standards 
 
Our areas of audit focus were informed by, among other things, our assessment of materiality. Materiality 
in the context of our audit was determined based on specific qualitative and quantitative factors combined 
with our expectations about the City’s current year results. 
 
Key areas of focus and significant findings 
Significant risks of material misstatement 
A significant risk is an identified and assessed risk of material misstatement that, in the auditor’s 
professional judgment, requires special audit consideration. Within our audit, we focused on the following 
areas below. 
Significant risk areas 
Testing approach 
Conclusion 
Management override of 
controls 
Incorporate unpredictability into 
audit procedures, emphasize 
professional skepticism and 
utilize audit team with industry 
expertise 
Procedures identified provided 
sufficient evidence for our audit 
opinion 
Third party-maintained assets 
Analytically test depreciation 
expense and recalculation of 
depreciation expense for third 
party-maintained assets. 
Procedures identified provided 
sufficient evidence for our audit 
opinion

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Other areas of emphasis 
We also focused on other areas that did not meet the definition of a significant risk, but were determined 
to require specific awareness and a unique audit response.  
Other areas of emphasis 
 
 
Cash and investments 
Revenues and receivables 
General disbursements 
Payroll 
Pension and OPEB 
liabilities 
Long-term debt 
Capital assets including 
infrastructure 
Net position calculations 
Financial reporting and required 
disclosures 
 
Internal control matters 
We considered the City’s internal control over financial reporting as a basis for designing our audit 
procedures for the purpose of expressing an opinion on the financial statements. We are not expressing 
an opinion on the effectiveness of the City’s internal control.  
Our consideration of internal control was for the limited purpose described in the preceding paragraph 
and was not designed to identify all deficiencies in internal control that might be material weaknesses or 
significant deficiencies and, therefore, material weaknesses or significant deficiencies may exist that were 
not identified. 
A deficiency in internal control exists when the design or operation of a control does not allow 
management or employees, in the normal course of performing their assigned functions, to prevent, or 
detect and correct misstatements on a timely basis. 
A material weakness is a deficiency or combination of deficiencies in internal control such that there is a 
reasonable possibility that a material misstatement of the entity’s financial statements will not be 
prevented, or detected and corrected, on a timely basis. We did not identify any deficiencies in internal 
control that we consider to be material weaknesses.  
 
Required communications 
Qualitative aspect of accounting practices 
 
Accounting policies: Management is responsible for the selection and use of appropriate accounting 
policies. In accordance with the terms of our engagement letter, we have advised management about 
the appropriateness of accounting policies and their application. The significant accounting policies 
used by the City are described in Note 1 to the financial statements. Any new accounting policies 
adopted have been disclosed in Note 1 of the financial statements and the application of existing 
accounting policies was not changed during 2024. We noted no transactions entered into by the City 
during the year for which accounting policies are controversial or for which there is a lack of 
authoritative guidance or consensus or diversity in practice. 
 
Accounting estimates: Accounting estimates, including fair value estimates, are an integral part of the 
financial statements prepared by management and are based on management's knowledge and 
experience about past and current events and assumptions about future events. Certain accounting 
estimates are particularly sensitive because of their significance to the financial statements, the 
degree of subjectivity involved in their development and because of the possibility that future events 
affecting them may differ significantly from those expected. The following estimates are of most 
significance to the financial statements:

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Estimate 
Management’s process to 
determine 
Baker Tilly’s conclusions 
regarding reasonableness 
Accrued compensated 
absences 
Evaluation of hours earned and 
accumulated in accordance 
with employment policies and 
average wage per hour rates 
Reasonable in relation to the 
financial statements as a whole 
Net pension liability and 
related deferrals 
Evaluation of information 
provided by the Arizona 
Retirement System 
Reasonable in relation to the 
financial statements as a whole 
Subscription 
assets/liabilities 
Evaluation of subscriptions by 
management and incremental 
borrowing rate used for present 
value calculation 
Reasonable in relation to the 
financial statements as a whole 
Depreciation/Amortization 
Evaluate estimated useful life 
of the asset and original 
acquisition value 
Reasonable in relation to the 
financial statements as a whole 
Leased assets/liabilities 
and/or lease receivable 
and related deferral 
Evaluation of leases by 
management and incremental 
borrowing rate used for present 
value calculation 
Reasonable in relation to the 
financial statements as a whole 
 
There have been no significant changes made by management to either the processes used to 
develop the particularly sensitive accounting estimates, or to the significant assumptions used to 
develop the estimates, noted above. 
 
 
Financial statement disclosures: The disclosures in the financial statements are neutral, 
consistent and clear. 
 
Significant unusual transactions 
There have been no significant transactions that are outside the normal course of business for the City or 
that otherwise appear to be unusual due to their timing, size or nature. 
Significant difficulties encountered during the audit 
We encountered no significant difficulties in dealing with management and completing our audit.  
Disagreements with management 
Professional standards define a disagreement with management as a matter, whether or not resolved to 
our satisfaction, concerning a financial accounting, reporting, or auditing matter that could be significant to 
the basic financial statements or the auditors' report. We are pleased to report that no such 
disagreements arose during the course of our audit.

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Audit report  
There have been no departures from the auditors’ standard report.  
Audit consultations outside the engagement team  
We encountered no difficult or contentious matters for which we consulted outside of the engagement 
team.  
Uncorrected misstatements and corrected misstatements 
Professional standards require us to accumulate misstatements identified during the audit, other than 
those that are clearly trivial and to communicate accumulated misstatements to management. 
Management is in agreement with the misstatements we have identified, and they have been corrected in 
the financial statements. The schedule within the attachments summarizes the material corrected 
misstatements, that, in our judgment, may not have been detected except through our auditing 
procedures. In our judgment, none of the misstatements that management has corrected, either 
individually or in the aggregate, indicate matters that could have had a significant effect on the City’s 
financial reporting process.  
Other audit findings or issues 
We encountered no other audit findings or issues that require communication at this time.  
We generally discuss a variety of matters, including the application of accounting principles and auditing 
standards, with management each year prior to retention as the City’s auditors. However, these 
discussions occurred in the normal course of our professional relationship and our responses were not a 
condition to our retention. 
Management’s consultations with other accountants 
In some cases, management may decide to consult with other accountants about auditing and accounting 
matters. Management informed us that, and to our knowledge, there were no consultations with other 
accountants regarding auditing or accounting matters. 
Written communications between management and Baker Tilly 
The attachments include copies of other material written communications. 
Compliance with laws and regulations 
We did not identify any non-compliance with laws and regulations during our audit.  
We will issue a separate document which contains the results of our audit procedures to comply with the 
Uniform Guidance. 
Fraud 
We did not identify any known or suspected fraud during our audit. 
Going concern 
Pursuant to professional standards, we are required to communicate to you, when applicable, certain 
matters relating to our evaluation of the City’s ability to continue as a going concern for a reasonable 
period of time but no less than 12 months from the date of the financial statements, including the effects 
on the financial statements and the adequacy of the related disclosures, and the effects on the auditor's 
report. No such matters or conditions have come to our attention during our engagement.

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Independence 
We are not aware of any relationships between Baker Tilly and the City that, in our professional judgment, 
may reasonably be thought to bear on our independence. 
Related parties 
We did not have any significant findings or issues arise during the audit in connection with the City’s 
related parties.  
Other matters 
We applied certain limited procedures to the required supplementary information (RSI) that supplements 
the basic financial statements. Our procedures consisted of inquiries of management regarding the 
methods of preparing the information and comparing the information for consistency with management’s 
responses to our inquiries, the basic financial statements, and other knowledge we obtained during our 
audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide 
any assurance on the RSI. 
We were engaged to report on the supplementary information which accompanies the financial 
statements but is not RSI. With respect to the supplementary information, we made certain inquiries of 
management and evaluated the form, content, and methods of preparing the information to determine 
that the information complies with accounting principles generally accepted in the United States of 
America, the method of preparing it has not changed from the prior period, and the information is 
appropriate and complete in relation to our audit of the financial statements. We compared and reconciled 
the supplementary information to the underlying accounting records used to prepare the financial 
statements or to the financial statements themselves. 
We were not engaged to report on the other information, which accompanies the financial statements but 
are not RSI. We did not audit or perform other procedures on this other information, and we do not 
express an opinion or provide any assurance on it. 
Nonattest services 
The following nonattest services were provided by Baker Tilly: 
 
Financial statement preparation 
 
Adjusting journal entries 
 
Assistance with preparation of the Data Collection Form 
 
 
In addition, we prepared GASB No. 34 conversion entries which are summarized in the “Reconciliation of 
the Balance Sheet of Governmental Funds to the Statement of Net Position” and the “Reconciliation of 
the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the 
Statement of Activities” in the financial statements. 
None of these nonattest services constitute an audit under generally accepted auditing standards, 
including Government Auditing Standards.

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Audit committee resources 
Visit our resource page for regulatory updates, trending challenges and 
opportunities in your industry and other timely updates.  
Visit the resource page at https://www.bakertilly.com/insights/audit-
committee-resource-page.

December 18, 2024  
 
 
  
Baker Tilly US, LLP 
2055 E Warner Rd Suite 101 
Tempe, Arizona 85284 
 
Dear Baker Tilly US, LLP: 
 
We are providing this letter in connection with your audit of the financial statements of the City of 
Tolleson, Arizona as of June 30, 2024 and for the year then ended for the purpose of expressing  
opinions as to whether the financial statements present fairly, in all material respects, the respective 
financial position of the governmental activities, the business-type activities,  each major fund, and the 
aggregate remaining fund information of the  City of Tolleson, Arizona and the respective changes in 
financial position and cash flows, where applicable, in conformity with accounting principles generally 
accepted in the United States of America (GAAP). We confirm that we are responsible for the fair 
presentation of the previously mentioned financial statements in conformity with accounting principles 
generally accepted in the United States of America. We are also responsible for adopting sound 
accounting policies, establishing and maintaining internal control over financial reporting, and preventing 
and detecting fraud. 
 
Certain representations in this letter are described as being limited to matters that are material. Items are 
considered material, regardless of size, if they involve an omission or misstatement of accounting 
information that, in the light of surrounding circumstances, makes it probable that the judgment of a 
reasonable person relying on the information would be changed or influenced by the omission or 
misstatement. An omission or misstatement that is monetarily small in amount could be considered 
material as a result of qualitative factors. 
 
We confirm, to the best of our knowledge and belief, the following representations made to you during 
your audit. 
 
Financial Statements 
 
1) 
We have fulfilled our responsibilities, as set out in the terms of the audit engagement letter 
dated May 3, 2024, including our responsibility for the preparation and fair presentation of the 
financial statements in accordance with U.S. GAAP. 
2) 
The financial statements referred to above are fairly presented in conformity with accounting 
principles generally accepted in the United States of America.  We have engaged you to advise 
us in fulfilling that responsibility. The financial statements include all properly classified funds of 
the primary government required by accounting principles generally accepted in the United 
States of America to be included in the financial reporting entity. 
3) 
We acknowledge our responsibility for the design, implementation, and maintenance of internal 
control relevant to the preparation and fair presentation of financial statements that are free 
from material misstatement, whether due to fraud or error. 
4) 
We acknowledge our responsibility for the design, implementation, and maintenance of internal 
control to prevent and detect fraud. 
5) 
Significant assumptions we used in making accounting estimates, including those measured at 
fair value, if any, are reasonable in accordance with U.S. GAAP.
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6) 
Related party relationships and transactions, including revenues, expenditures/expenses, loans, 
transfers, leasing arrangements, and guarantees, and amounts receivable from or payable to 
related parties have been appropriately accounted for and disclosed in accordance with the 
requirements of accounting principles generally accepted in the United States of America. 
7) 
All events subsequent to the date of the financial statements and for which accounting 
principles generally accepted in the United States of America require adjustment or disclosure 
have been adjusted or disclosed. No other events, including instances of noncompliance, have 
occurred subsequent to the financial statement date and through the date of this letter that 
would require adjustment to or disclosure in the aforementioned financial statements or in the 
schedule of findings and questioned costs. 
8) 
All material transactions have been recorded in the accounting records and are reflected in the 
financial statements and the schedule of expenditures of federal awards. 
9) 
All known audit and bookkeeping adjustments have been included in our financial statements, 
and we are in agreement with those adjustments. 
10) We are in agreement with the adjusting journal entries you have proposed, and they have been 
posted to the appropriate accounts. 
11) We are not aware of any known actual, possible, pending, or threatened litigation, claims, or 
assessments or unasserted claims or assessments that are required to be accrued or disclosed 
in the financial statements in accordance with accounting principles generally accepted in the 
United States of America, or which would affect federal or state award programs,and we have 
not consulted a lawyer concerning litigation, claims, or assessments. 
12) Guarantees, whether written or oral, under which the City is contingently liable, if any, have 
been properly recorded or disclosed. 
 
Information Provided 
 
13) We have provided you with: 
a) Access to all information, of which we are aware, that is relevant to the preparation and fair 
presentation of the financial statements, such as financial records and related data, 
documentation, and other matters and all audit or relevant monitoring reports, if any, 
received from funding sources. 
b) Additional information that you have requested from us for the purpose of the audit. 
c) Unrestricted access to persons within the entity from whom you determined it necessary to 
obtain audit evidence. 
d) Minutes of the meetings of City Council or summaries of actions of recent meetings for which 
minutes have not yet been prepared. 
14) We have disclosed to you results of our assessment of the risk that the financial statements 
may be materially misstated as a result of fraud. 
15) We have no knowledge of any fraud or suspected fraud that affects the entity and involves: 
a) Management, 
b) Employees who have significant roles in internal control, or 
c) Others where the fraud could have a material effect on the financial statements. 
16) We have no knowledge of any allegations of fraud or suspected fraud affecting the entity 
received in communications from employees, former employees, regulators, or others. 
17) We have no knowledge of known instances of noncompliance or suspected noncompliance with 
provisions of laws, regulations, contracts, or grant agreements, or abuse, whose effects should 
be considered when preparing financial statements. 
18) There are no related parties or related party relationships and transactions, including side 
agreements, of which we are aware. 
 
Other 
 
19) There have been no communications from regulatory agencies concerning noncompliance with, 
or deficiencies in, financial reporting practices. 
20) We have a process to track the status of audit findings and recommendations. 
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21) We have identified to you any previous financial audits, attestation engagements, and other 
studies related to the audit objectives and whether related recommendations have been 
implemented. 
22) We have identified to you any investigations or legal proceedings that have been initiated with 
respect to the period under audit. 
23) The City has no plans or intentions that may materially affect the carrying value or classification 
of assets, deferred outflows of resources, liabilities, deferred inflows of resources or fund 
balance or net position. 
24) We are responsible for compliance with federal, state, and local laws, regulations, and 
provisions of contracts and grant agreements applicable to us, including tax or debt limits, debt 
contracts, and IRS arbitrage regulations; and we have identified and disclosed to you all federal, 
state, and local laws, regulations and provisions of contracts and grant agreements that we 
believe have a direct and material effect on the determination of financial statement amounts or 
other financial data significant to the audit objectives, including legal and contractual provisions 
for reporting specific activities in separate funds. 
 
 
 
25) There are no: 
a) Violations or possible violations of budget ordinances, federal, state, and local laws or 
regulations (including those pertaining to adopting, approving and amending budgets), 
provisions of contracts and grant agreements, tax or debt limits, and any related debt 
covenants whose effects should be considered for disclosure in the financial statements or 
as a basis for recording a loss contingency, or for reporting on noncompliance, except those 
already disclosed in the financial statement, if any. 
b) Other liabilities or gain or loss contingencies that are required to be accrued or disclosed by 
accounting principles generally accepted in the United States of America. 
c) Nonspendable, restricted, committed, or assigned fund balances that were not properly 
authorized and approved. 
d) Rates being charged to customers other than the rates as authorized by the applicable 
authoritative body. 
e) Violations of restrictions placed on revenues as a result of bond resolution covenants such 
as revenue distribution or debt service funding.  
26) In regards to the nonattest services performed by you listed below, we acknowledge our 
responsibility related to these nonattest services and have 1) accepted all management 
responsibility; 2) designated an individual with suitable skill, knowledge, or experience to 
oversee the services; 3) evaluated the adequacy and results of the services performed, and 4) 
accepted responsibility for the results of the services. 
a) Financial statement preparation 
b) Adjusting journal entries 
c) SEFA assistance with preparation 
d)  Preparation of auditee sections of the data collection form 
None of these nonattest services constitute an audit under generally accepted auditing 
standards, including Government Auditing Standards. 
27) The City of Tolleson, Arizona has satisfactory title to all owned assets, and there are no liens or 
encumbrances on such assets nor has any asset been pledged as collateral, except for as 
required in the City’s bond covenants.  
28) The City of Tolleson, Arizona has complied with all aspects of contractual agreements that 
would have a material effect on the financial statement in the event of noncompliance. 
29) The financial statements include all component units as well as joint ventures with an equity 
interest, and properly disclose all other joint ventures and other related organizations, if any. 
Component units have been properly presented as either blended or discrete. 
30) The financial statements include all fiduciary activities required by GASB No. 84. 
31) The financial statements properly classify all funds and activities. 
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32) All funds that meet the quantitative criteria in GASB Statement No. 34 and No. 37 for 
presentation as major are identified and presented as such and all other funds that are 
presented as major are particularly important to financial statement users. 
33) Components of net position (net investment in capital assets; restricted; and unrestricted) and 
components of fund balance (nonspendable, restricted, committed, assigned and unassigned) 
are properly classified and, if applicable, approved. 
34) The City of Tolleson, Arizona has no derivative financial instruments such as contracts that 
could be assigned to someone else or net settled, interest rate swaps, collars or caps. 
35) Provisions for uncollectible receivables, if any, have been properly identified and recorded. 
36) Expenses have been appropriately classified in or allocated to functions and programs in the 
statement of activities, and allocations have been made on a reasonable basis. 
37) Revenues are appropriately classified in the statement of activities within program revenues and 
general revenues. 
38) Interfund, internal, and intra-entity activity and balances have been appropriately classified and 
reported. 
39) Deposits and investments are properly classified, valued, and disclosed (including risk 
disclosures, collateralization agreements, valuation methods, and key inputs, as applicable). 
40) Provision, when material, has been made to reduce excess or obsolete inventories to their 
estimated net realizable value. 
41) Capital assets, including infrastructure and intangible assets, are properly capitalized, reported, 
and, if applicable, depreciated/amortized. Any known impairments have been recorded and 
disclosed. 
42) We have complied with the implementation of GASB No. 49 and believe that there is no liability 
to accrue related to pollution remediation at this time. 
43) Tax abatement agreements have been properly disclosed in the notes to the financial 
statements, including the names of all governments involved, the gross amount and specific 
taxes abated, and additional commitments. 
44) Tax-exempt bonds issued have retained their tax-exempt status. 
45) The operations and rate setting process meet the condition for application of accounting for 
regulated operations as outlined in GASB No. 62. All regulatory items included in the financial 
statements have been approved and are being accounted for in accordance with specific action 
taken by the regulatory body and as such the expectation of future recovery or refund is 
reasonable. 
46) We have appropriately disclosed the City of Tolleson, Arizona's policy regarding whether to first 
apply restricted or unrestricted resources when an expense is incurred for purposes for which 
both restricted and unrestricted net position are available and have determined that net position 
were properly recognized under the policy. We have also disclosed our policy regarding which 
resources (that is, restricted, committed, assigned or unassigned) are considered to be spent 
first for expenditures for which more than one resource classification is available. 
47) We are following our established accounting policy regarding which resources (that is, 
restricted, committed, assigned or unassigned) are considered to be spent first for expenditures 
for which more than one resource classification is available. That policy determines the fund 
balance classifications for financial reporting purposes. 
48) We acknowledge our responsibility for the required supplementary information (RSI). The RSI is 
measured and presented within prescribed guidelines and the methods of measurement and 
presentation have not changed from those used in the prior period. We have disclosed to you 
any significant assumptions and interpretations underlying the measurement and presentation 
of the RSI. 
49) With respect to the supplementary information, (SI): 
a) We acknowledge our responsibility for presenting the SI in accordance with accounting 
principles generally accepted in the United States of America, and we believe the SI, 
including its form and content, is fairly presented in accordance with accounting principles 
generally accepted in the United States of America. The methods of measurement and 
presentation of the SI have not changed from those used in the prior period, and we have 
disclosed to you any significant assumptions or interpretations underlying the measurement 
and presentation of the supplementary information. 
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b) If the SI is not presented with the audited financial statements, we will make the audited 
financial statements readily available to the intended users of the supplementary information 
no later than the date we issue the supplementary information and the auditor's report 
thereon. 
50) With respect to the Combining Fund Financial Statements and Budgetary Annual Financial 
Report, Other Supplementary Information of the Annual Comprehensive Financial Report, and 
the statement that fulfills the HURF requirement pursuant to Arizona Revised Statues Title 28, 
Chapter 18, Article 2: 
a) We acknowledge our responsibility for presenting the Combining Fund Financial Statements 
and Budgetary Annual Financial Report and Other Supplementary Information of the Annual 
Comprehensive Financial Report in accordance with accounting principles generally 
accepted in the United States of America, and we believe the other information, including its 
form and content, is fairly presented in accordance with accounting principles generally 
accepted in the United States of America. We acknowledge our responsibility for presenting 
the other information (the statement that fulfills the HURF requirement pursuant to Arizona 
Revised Statues Titel 28, Chapter 18, Article 2) in accordance with constitutional 
requirements, and we believe the other information (the statement that fulfills the HURF 
requirement pursuant to Arizona Revised Statues Title 28, Chapter 18, Article 2), including 
its form and content, is fairly presented in accordance with its constitutional requirements. 
a) The methods of measurement and presentation of the other information listed above have 
not changed from those used in the prior period, and we have disclosed to you any 
significant assumptions or interpretations underlying the measurement and presentation of 
the other information.  
51) We believe that the actuarial assumptions and methods used to measure pension liabilities and 
costs for financial accounting purposes are appropriate in the circumstances. 
52) We assume responsibility for, and agree with, the information provided by the Arizona State 
Retirement System as audited by their independent auditors' relating to the net pension 
asset/liability and related deferred outflows and deferred inflows and have adequately 
considered the reasonableness of the amounts and disclosures used in the financial statements 
and underlying accounting records. We also assume responsibility for the census data that has 
been reported to the plan. 
53) We have evaluated and considered all potential tax abatements and believe all material tax 
abatements have been properly reported and disclosed. 
54) We have evaluated and considered all debt reported as defeased in substance and believe all 
material amounts held in trust that are not expressly prohibited from substitution in monetary 
assets that are not essentially risk-free are properly disclosed. 
55) We have implemented GASB Statement No. 87, Leases, and believe that all required 
disclosures and accounting considerations have been identified and properly classified in the 
financial statements in compliance with the Standard. 
56) We have implemented GASB Statement No. 88, Certain Disclosures Related to Debt, including 
Direct Borrowings and Direct Placements, and believe that all direct borrowings, direct 
placements, lines of credit or debt default clauses have been identified and properly disclosed in 
the financial statements in compliance with the Standard. 
57) We have reviewed our long-term debt agreements and believe that all terms related to 
significant events of default with finance-related consequences, termination events with 
finance-related consequences and subjective acceleration clauses have been properly identified 
and disclosed. 
58) Unused lines of credit, collateral pledged to secure debt and direct borrowings and private 
placements have been properly identified and disclosed. 
59) We have implemented GASB Statement No. 94, Public-Private and Public-Public Partnerships 
and Availability Payment Arrangements, and believe that all required disclosures and 
accounting considerations have been identified and properly classified in the financial 
statements in compliance with the Standard. 
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

Baker Tilly US, LLP 
Page 6 
60) We have implemented GASB Statement No. 96, Subscription-Based Information Technology 
Arrangements, and believe that all required disclosures and accounting considerations have 
been identified and properly classified in the financial statements in compliance with the 
Standard. 
61) We have identified any leases or other contracts that are required to be reported as leases and 
are in agreement with the key assumptions used in the measurement of any lease related 
assets, liabilities or deferred inflows of resources. 
62) We have reviewed existing contracts and determined there are no items requiring accounting or 
reporting as leases. 
63) We have implemented GASB Statement No. 98, The Annual Comprehensive Financial Report, 
and believe that all required disclosures and accounting considerations have been identified 
and properly classified in the financial statements in compliance with the Standard. 
64) We are responsible for the estimation methods and assumptions used in measuring assets and 
liabilities reported or disclosed at fair value, including information obtained from brokers, pricing 
services or third parties.  Our valuation methodologies have been consistently applied from 
period to period.  The fair value measurements reported or disclosed represent our best 
estimate of fair value as the measurement date in accordance with the requirements of GASB 
72 – Fair Value Measurement.  In addition our disclosures related to fair value measurements 
are consistent with the objectives outlined in GASB 72.  We have evaluated the fair value 
information provided to us by brokers, pricing services or other parties that has been used in the 
financial statements and believe this information to be reliable and consistent with the 
requirements. 
65) The auditing standards define an annual report as “a document, or combination of documents, 
typically prepared on an annual basis by management or those charged with governance in 
accordance with law, regulation, or custom, the purpose of which is to provide owners (or 
similar stakeholders) with information on the entity’s operations and the financial results and 
financial position as set out in the financial statements.” Among other items, an annual report 
contains, accompanies, or incorporates by reference the financial statements and the auditors’ 
report thereon. Our annual report is comprised of the other information included in the ACFR. 
We have provided you with the final version of the annual report. There are no material 
inconsistencies between the financial statements and any other information contained within the 
annual report. 
66) With respect to federal award programs: 
a) We are responsible for understanding and complying with and have complied with the 
requirements of the Single Audit Act Amendments of 1996, OMB's Uniform Administrative 
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform 
Guidance), including requirements relating to preparation of the schedule of expenditures of 
federal awards (SEFA). 
b) We acknowledge our responsibility for preparing and presenting the SEFA and related 
disclosures  in accordance with the requirements of the Uniform Guidance and we believe 
the SEFA, including its form and content, is fairly presented in accordance with the Uniform 
Guidance . The methods of measurement and presentation of the SEFA have not changed 
from those used in the prior period and we have disclosed to you any significant 
assumptions and interpretations underlying the measurement and presentation of the SEFA. 
c) If the SEFA is not presented with the audited financial statements, we will make the audited 
financial statements readily available to the intended users of the SEFA no later than the 
date we issue the SEFA and the auditors’ report thereon. 
d) We have identified and disclosed to you all of our government programs and related 
activities subject to the Uniform Guidance  and included in the SEFA, expenditures made 
during the audit period for all awards provided by federal agencies in the form of grants, 
federal cost reimbursement contracts, loans, loan guarantees, property (including donated 
surplus property), cooperative agreements, interest subsidies, insurance, food commodities, 
direct appropriations, and other direct assistance. 
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

Baker Tilly US, LLP 
Page 7 
e) We are responsible for understanding and complying with, and have complied with the 
requirements of laws, regulations, and the provisions of contracts and grant agreements 
related to each of our federal programs and have identified and disclosed to you the 
requirements of laws, regulations, and the provisions of contracts and grant agreements that 
are considered to have a direct and material effect on each major federal program. 
f) We are responsible for establishing and maintaining, and have established and maintained, 
effective internal control over compliance for federal programs that provide reasonable 
assurance that we are administering our federal awards in compliance with laws, 
regulations, and the provisions of contracts and grant agreements that could have a material 
effect on our federal programs. We believe the internal control system is adequate and is 
functioning as intended. Also, no changes have been made in the internal control over 
compliance or other factors to the date of this letter that might significantly affect internal 
control, including any corrective action taken with regard to control deficiencies reported in 
the schedule of findings and questioned costs. 
g) We have made available to you all contracts and grant agreements (including amendments, 
if any) and any other correspondence with federal agencies or pass-through entities relevant 
to the programs and related activities. 
h) We have received no requests from a federal agency to audit one or more specific programs 
as a major program. 
i) We have complied with the direct and material compliance requirements including when 
applicable, those set forth in the OMB Compliance Supplement relating to federal awards. 
j) We have disclosed any communications from grantors and pass-through entities concerning 
possible noncompliance with the direct and material compliance requirements, including 
communications received from the end of the period covered by the compliance audit to the 
date of the auditors’ report. 
k) Amounts claimed or used for matching were determined in accordance with relevant 
guidelines in the Uniform Guidance. 
l) We have disclosed to you our interpretation of compliance requirements that may have 
varying interpretations. 
m) We have made available to you all documentation related to the compliance with the direct 
and material compliance requirements, including information related to federal program 
financial reports and claims for advances and reimbursements. 
n) We have disclosed to you the nature of any subsequent events that provide additional 
evidence about conditions that existed at the end of the reporting period affecting 
noncompliance during the reporting period. 
o) We are not aware of any instances of noncompliance with direct and material compliance 
requirements that occurred subsequent to the period covered by the auditors’ report. 
p) No changes have been made in internal control over compliance or other factors that might 
significantly affect internal control, including any corrective action we have taken regarding 
significant deficiencies or material weaknesses in internal control over compliance, 
subsequent to the date as of which compliance was audited. 
q) Federal program financial reports and claims for advances and reimbursements are 
supported by the books and records from which the financial statements have been 
prepared. 
r) The copies of federal program financial reports provided you are true copies of the reports 
submitted, or electronically transmitted, to the respective federal agency or pass-through 
entity, as applicable. 
s) We have charged costs to federal awards in accordance with applicable cost principles. 
t) We are responsible for and have accurately prepared the summary schedule of prior audit 
findings to include all findings required to be included by the Uniform Guidance  and we 
have provided you with all information on the status of the follow-up on prior audit findings by 
federal awarding agencies and pass-through entities, including all management decisions. 
u) We are responsible for and have ensured the reporting package does not contain protected 
personally identifiable information. 
v) We are responsible for and have accurately prepared the auditee section of the Data 
Collection Form as required by the Uniform Guidance. 
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

Baker Tilly US, LLP 
Page 8 
 
Sincerely, 
 
City of Tolleson, Arizona 
 
 
 
 
 
 
 
 
 
 
 
 
 
Signature 
 
 
 
 
 
Title 
 
Dated:  December 18, 2024 
 
 
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6
CFO

City of Tolleson, Arizona
310
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
GASB - 1
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M401
556,587.00
GASB - 1
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M401
GASB - 1
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M401
GASB - 1
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M401
1,107,821.00
GASB - 1
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M401
GASB - 1
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M401
GASB - 1
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M401
235,832.00
GASB - 1
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M401
GASB - 1
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M401
GASB - 1
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M401
9,549,287.00
GASB - 1
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M401
GASB - 1
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M401
GASB - 1
6/30/2024
E
Net Position
000-0000-3000 GW
M401
8,120,711.00
GASB - 1
6/30/2024
E
Net Position
000-0000-3000 GW
M401
GASB - 1
6/30/2024
E
Net Position
000-0000-3000 GW
M401
To post beginning net pension liabi
Recurring
Factual
lity of related deferrals (ASRS)
GASB - 2
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M401
GASB - 2
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M401
448,967.00
GASB - 2
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M401
GASB - 2
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M401
GASB - 2
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M401
GASB - 2
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M401
1,107,821.00
GASB - 2
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M401
GASB - 2
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M401
91,831.00
GASB - 2
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M401
GASB - 2
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M401
1,207,916.00
GASB - 2
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M401
GASB - 2
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M401
GASB - 2
6/30/2024
E
Pension Expense - General
000-1000-5000 GW
M401
743,200.00
GASB - 2
6/30/2024
E
Pension Expense - ED
000-1500-5000 GW
M401
96,970.00
GASB - 2
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M401
GASB - 2
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M401
515,493.00
GASB - 2
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M401
GASB - 2
6/30/2024
E
Pension Expense - Highways & Streets
000-3000-5000 GW
M401
122,196.00
GASB - 2
6/30/2024
E
Pension Expense - HW
000-4000-5000 GW
M401
146,157.00
GASB - 2
6/30/2024
E
Pension Expense - CR
000-5000-5000 GW
M401
334,585.00
To post the change in NPL, the rela
Recurring
Factual
ted deferrals and expenses in the CY (ASRS)
GASB - 3
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M401
1,211,085.00
GASB - 3
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M401
GASB - 3
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M401
GASB - 3
6/30/2024
E
Pension Expense - General
000-1000-5000 GW
M401
495,626.00
GASB - 3
6/30/2024
E
Pension Expense - ED
000-1500-5000 GW
M401
60,669.00
GASB - 3
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M401
GASB - 3
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M401
306,714.00
GASB - 3
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M401
12/17/2024
3:26 PM
Page
1
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-1
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
GASB - 3
6/30/2024
E
Pension Expense - Highways & Streets
000-3000-5000 GW
M401
58,910.00
GASB - 3
6/30/2024
E
Pension Expense - HW
000-4000-5000 GW
M401
91,605.00
GASB - 3
6/30/2024
E
Pension Expense - CR
000-5000-5000 GW
M401
197,561.00
To reclassify employer pension cont
Recurring
Factual
ributions in the CY (ASRS)
GASB - 4
6/30/2024
E
Non-depreciable capital assets
000-0000-0800 GW
U.908
7,973,065.00
GASB - 4
6/30/2024
E
Depreciable capital assets
000-0000-0801 GW
U.908
127,097,210.00
GASB - 4
6/30/2024
E
Accumulated depreciation
000-0000-0850 GW
U.908
55,584,379.00
GASB - 4
6/30/2024
E
Net Position
000-0000-3000 GW
U.908
79,485,896.00
To record beginning capital assets
Recurring
Factual
GASB - 5
6/30/2024
E
Non-depreciable capital assets
000-0000-0800 GW
U.908
6,285,945.00
GASB - 5
6/30/2024
E
Depreciable capital assets
000-0000-0801 GW
U.908
684,202.00
GASB - 5
6/30/2024
E
Depreciable capital assets
000-0000-0801 GW
U.908
2,321,498.00
GASB - 5
6/30/2024
E
Depreciable capital assets
000-0000-0801 GW
U.908
GASB - 5
6/30/2024
E
Depreciable capital assets
000-0000-0801 GW
U.908
GASB - 5
6/30/2024
E
Depreciable capital assets
000-0000-0801 GW
U.908
34,279.00
GASB - 5
6/30/2024
E
Accumulated depreciation
000-0000-0850 GW
U.908
34,279.00
GASB - 5
6/30/2024
E
Accumulated depreciation
000-0000-0850 GW
U.908
GASB - 5
6/30/2024
E
General Government Expense
000-1000-5100 GW
U.908
1,429,764.00
GASB - 5
6/30/2024
E
General Government Expense
000-1000-5100 GW
U.908
GASB - 5
6/30/2024
E
Economic Development Expense
000-1500-5100 GW
U.908
44,175.00
GASB - 5
6/30/2024
E
Public Safety Expense
000-2000-5100 GW
U.908
1,605,549.00
GASB - 5
6/30/2024
E
Public Safety Expense
000-2000-5100 GW
U.908
GASB - 5
6/30/2024
E
Highway and Street Expense
000-3000-5100 GW
U.908
667,482.00
GASB - 5
6/30/2024
E
Health & Wellness Expense
000-4000-5100 GW
U.908
8,540.00
GASB - 5
6/30/2024
E
Culture & Recreation Expense
000-5000-5100 GW
U.908
5,536,135.00
To record capital asset additions a
Recurring
Factual
nd deletions for the current FY
GASB - 6
6/30/2024
E
Accumulated depreciation
000-0000-0850 GW
U.908
3,918,015.00
GASB - 6
6/30/2024
E
General Government Expense
000-1000-5100 GW
U.908
1,243,412.00
GASB - 6
6/30/2024
E
Economic Development Expense
000-1500-5100 GW
U.908
156,980.00
GASB - 6
6/30/2024
E
Public Safety Expense
000-2000-5100 GW
U.908
1,079,290.00
GASB - 6
6/30/2024
E
Highway and Street Expense
000-3000-5100 GW
U.908
954,178.00
GASB - 6
6/30/2024
E
Health & Wellness Expense
000-4000-5100 GW
U.908
95,842.00
GASB - 6
6/30/2024
E
Culture & Recreation Expense
000-5000-5100 GW
U.908
388,313.00
To record depreciation expense for
Recurring
Factual
the government-wide statements.
GASB - 7
6/30/2024
E
DEFERRED REVENUE
1-0001-1333 1
C.3.500
236,374.00
GASB - 7
6/30/2024
E
DEFERRED REVENUE
24-0024-1333 24
C.3.500
35,767.00
GASB - 7
6/30/2024
E
DEFERRED REVENUE
26-0026-1333 26
C.3.500
GASB - 7
6/30/2024
E
DEFERRED REVENUE
41-0041-1333 45
C.3.500
GASB - 7
6/30/2024
E
DEFERRED REVENUE
45-0045-1333 45
C.3.500
2,210.00
12/17/2024
3:26 PM
Page
2
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-2
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
GASB - 7
6/30/2024
E
DEFERRED REVENUE
46-0046-1333 45
C.3.500
7,954.00
GASB - 7
6/30/2024
E
DEFERRED REVENUE
47-0047-1333 45
C.3.500
1,031.00
GASB - 7
6/30/2024
E
DEFERRED REVENUE
48-0048-1333 45
C.3.500
358.00
GASB - 7
6/30/2024
E
DEFERRED REVENUE
49-0049-1333 45
C.3.500
4,777.00
GASB - 7
6/30/2024
E
Net Position
000-0000-3000 GW
C.3.500
288,471.00
GASB - 7
6/30/2024
E
DEFERRED REVENUE
243-0243-1333 24
C.3.500
To record beginning deferred revenu
Recurring
Factual
e.
GASB - 8
6/30/2024
E
DEFERRED REVENUE
1-0001-1333 1
C.5.300
235,886.00
GASB - 8
6/30/2024
E
PRIMARY PROPERTY TAXES
1-1190-3001 1
C.5.300
7,344.00
GASB - 8
6/30/2024
E
TOHONO O ODHAM
1-1190-5011 1
C.5.300
209,568.00
GASB - 8
6/30/2024
E
TOHONO O ODHAM
1-1190-5011 1
C.5.300
82,906.00
GASB - 8
6/30/2024
E
LAND LEASE
1-1190-5621 1
C.5.300
21,627.00
GASB - 8
6/30/2024
E
SALE OF EQUIPMENT
1-1190-5720 1
C.5.300
GASB - 8
6/30/2024
E
MISCELLANEOUS REVENUES
1-1190-5800 1
C.5.300
333,577.00
GASB - 8
6/30/2024
E
DEFERRED REVENUE
24-0024-1333 24
C.5.300
10,595.00
GASB - 8
6/30/2024
E
FEMA PA GRANT
24-2490-4540 24
C.5.300
10,595.00
GASB - 8
6/30/2024
E
DEFERRED REVENUE
45-0045-1333 45
C.5.300
820.00
GASB - 8
6/30/2024
E
PRP TXS BOND RED-DEBT SVC
45-4590-3003 45
C.5.300
820.00
GASB - 8
6/30/2024
E
DEFERRED REVENUE
46-0046-1333 45
C.5.300
952.00
GASB - 8
6/30/2024
E
PRP TXS BOND RED-DEBT SVC
46-4690-3003 45
C.5.300
952.00
GASB - 8
6/30/2024
E
DEFERRED REVENUE
47-0047-1333 45
C.5.300
471.00
GASB - 8
6/30/2024
E
PRP TXS BOND RED-DEBT SVC
47-4790-3003 45
C.5.300
471.00
GASB - 8
6/30/2024
E
DEFERRED REVENUE
48-0048-1333 45
C.5.300
68.00
GASB - 8
6/30/2024
E
PRP TXS BOND RED-DEBT S
48-4890-3003 45
C.5.300
68.00
GASB - 8
6/30/2024
E
DEFERRED REVENUE
49-0049-1333 45
C.5.300
1,731.00
GASB - 8
6/30/2024
E
PRP TXS BOND RED-DEBT SVC
49-4990-3003 45
C.5.300
1,731.00
GASB Entry to record change in
Recurring
Factual
deferred revenue
GASB - 9
6/30/2024
E
Net Position
000-0000-3000 GW
16,214,345.00
GASB - 9
6/30/2024
E
Bonds
000-0092-1000 GW
14,945,141.00
GASB - 9
6/30/2024
E
Premiums
000-0092-1500 GW
1,269,204.00
To record beginning bonds payable
Recurring
Factual
GASB - 10
6/30/2024
E
INTEREST EXPENSE
41-4110-9004 45
KK.901
145,974.00
GASB - 10
6/30/2024
E
INTEREST EXPENSE
41-4110-9004 45
KK.901
GASB - 10
6/30/2024
E
PRINCIPAL
42-4210-9010 45
KK.901
495,000.00
GASB - 10
6/30/2024
E
BOND PROCEEDS
42-4290-5866 45
KK.901
GASB - 10
6/30/2024
E
PREMIUM ON REFUNDING
42-4290-5869 45
KK.901
GASB - 10
6/30/2024
E
PRINCIPAL
46-4610-9010 45
KK.901
1,149,142.00
GASB - 10
6/30/2024
E
PRINCIPAL
47-4710-9010 45
KK.901
176,000.00
GASB - 10
6/30/2024
E
BOND PROCEEDS
47-4790-5866 45
KK.901
GASB - 10
6/30/2024
E
PREMIUM ON REFUNDING
47-4790-5869 45
KK.901
GASB - 10
6/30/2024
E
PRINCIPAL
49-4930-9010 45
KK.901
425,000.00
GASB - 10
6/30/2024
E
PRO SERIES 2020
92-0092-1885 92
KK.901
12/17/2024
3:26 PM
Page
3
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-3
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
GASB - 10
6/30/2024
E
Bonds
000-0092-1000 GW
KK.901
2,245,142.00
GASB - 10
6/30/2024
E
Bonds
000-0092-1000 GW
KK.901
GASB - 10
6/30/2024
E
Premiums
000-0092-1500 GW
KK.901
145,974.00
GASB - 10
6/30/2024
E
Premiums
000-0092-1500 GW
KK.901
To record change in governmental lo
Recurring
Factual
ng term debt
GASB - 11
6/30/2024
E
Compensated Absences - Long Term
000-0000-2200 GW
DD.921
2,835,588.00
GASB - 11
6/30/2024
E
Net Position
000-0000-3000 GW
DD.921
2,835,588.00
To record beginning compensated abs
Recurring
Factual
ences
GASB - 12
6/30/2024
E
Compensated Absences - Long Term
000-0000-2200 GW
DD.921
332,585.00
GASB - 12
6/30/2024
E
Compensated Absences - Long Term
000-0000-2200 GW
DD.921
760,362.00
GASB - 12
6/30/2024
E
Compensated Absences - Short Term
000-0000-2210 GW
DD.921
760,362.00
GASB - 12
6/30/2024
E
General Government Expense
000-1000-5100 GW
DD.921
96,974.00
GASB - 12
6/30/2024
E
Economic Development Expense
000-1500-5100 GW
DD.921
8,518.00
GASB - 12
6/30/2024
E
Public Safety Expense
000-2000-5100 GW
DD.921
209,586.00
GASB - 12
6/30/2024
E
Highway and Street Expense
000-3000-5100 GW
DD.921
3,625.00
GASB - 12
6/30/2024
E
Health & Wellness Expense
000-4000-5100 GW
DD.921
6,830.00
GASB - 12
6/30/2024
E
Culture & Recreation Expense
000-5000-5100 GW
DD.921
27,962.00
To record the change in compensated
Factual
 absences for the FY and record the amount due within one year.
GASB - 15
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M410
1,365,887.00
GASB - 15
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M410
1,709,672.00
GASB - 15
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M410
863,153.00
GASB - 15
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M410
3,297,436.00
GASB - 15
6/30/2024
E
Net Position
000-0000-3000 GW
M410
1,085,030.00
To post the beginning NPL and relat
Recurring
Factual
ed deferrals (PSPRS - Fire)
GASB - 16
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M410
775,599.00
GASB - 16
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M410
1,709,672.00
GASB - 16
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M410
271,009.00
GASB - 16
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M410
358,458.00
GASB - 16
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M410
1,021,522.00
To record the change in NPL in the
Recurring
Judgmental
CY for PSPRS - Fire
GASB - 17
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M405
1,723,677.00
GASB - 17
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M405
1,723,677.00
To reclassify employer pension cont
Recurring
Factual
ributions for PSPRS - Fire
12/17/2024
3:26 PM
Page
4
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-4
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
GASB - 18
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M420
1,533,133.00
GASB - 18
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M420
1,662,921.00
GASB - 18
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M420
72,529.00
GASB - 18
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M420
2,808,475.00
GASB - 18
6/30/2024
E
Net Position
000-0000-3000 GW
M420
315,050.00
To post beginning NPL and related d
Recurring
Factual
eferrals for PSPRS - Police
GASB - 19
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M420
75,229.00
GASB - 19
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M420
1,662,921.00
GASB - 19
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M420
47,953.00
GASB - 19
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M420
775,746.00
GASB - 19
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M420
914,451.00
To properly state change in NPL in
Recurring
Factual
CY for PSPRS - Police
GASB - 20
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M420
1,641,380.00
GASB - 20
6/30/2024
E
Pension Expense - PS
000-2000-5000 GW
M420
1,641,380.00
To relcassify employer pension cont
Factual
ributions for PSPRS - Police
GASB - 21
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M405
7,637.00
GASB - 21
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M405
66,771.00
GASB - 21
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M405
55,737.00
GASB - 21
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M405
845,699.00
GASB - 21
6/30/2024
E
Net Position
000-0000-3000 GW
M405
827,028.00
To post beginning NPL and related d
Recurring
Factual
eferrals - EORP
GASB - 22
6/30/2024
E
Deferred outflow of resources related to pens
000-0000-1000 GW
M405
5,900.00
GASB - 22
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M405
66,771.00
GASB - 22
6/30/2024
E
Deferred inflow of resources related to pensi
000-0000-2000 GW
M405
142,316.00
GASB - 22
6/30/2024
E
Net pension Liabilities
000-0000-2100 GW
M405
431,679.00
GASB - 22
6/30/2024
E
Misc revenue (EORP)
000-0000-5878 GW
M405
73,205.00
GASB - 22
6/30/2024
E
Pension Expense - General
000-1000-5000 GW
M405
143,487.00
To post the change in NPL, the rela
Recurring
Factual
ted deferrals and expenses in the CY (EORP)
GASB - 23
6/30/2024
E
Deferred outflow of employer contributions
000-0000-1100 GW
M405
75,967.00
GASB - 23
6/30/2024
E
Pension Expense - General
000-1000-5000 GW
M405
75,967.00
To reclassify employer pension cont
Recurring
Factual
ributions in the CY ( EORP)
GASB - 24
6/30/2024
E
MISC CONTRACTUAL SERVICES
1-1030-8069 1
GASB - 24
6/30/2024
E
MISC CONTRACTUAL SERVICES
1-1064-8069 1
12/17/2024
3:26 PM
Page
5
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-5
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
GASB - 24
6/30/2024
E
COMPUTER SOFTWARE
1-1171-8518 1
GASB - 24
6/30/2024
E
Other Financing Source : SBITA
1-1190-5863 1
GASB - 24
6/30/2024
E
Subscription Asset
000-0000-0802 GW
332,328.00
GASB - 24
6/30/2024
E
Accumulated Amortization
000-0000-0851 GW
134,533.00
GASB - 24
6/30/2024
E
Subscription Liability
000-0000-2500 GW
200,425.00
GASB - 24
6/30/2024
E
Net Position
000-0000-3000 GW
2,630.00
Entry to record begining balances
Factual
for SBITAs
GASB - 25
6/30/2024
E
SBITA Principal Expense
1-1030-9010 1
21,389.00
GASB - 25
6/30/2024
E
SBITA Principal Expense
1-1050-9010 1
10,454.00
GASB - 25
6/30/2024
E
SBITA Principal Expense
1-1056-9010 1
42,243.00
GASB - 25
6/30/2024
E
SBITA Principal Expense
1-1062-9010 1
84,237.00
GASB - 25
6/30/2024
E
SBITA Principal Expense
1-1064-9010 1
177,158.00
GASB - 25
6/30/2024
E
SBITA Principal Expense
1-1171-9010 1
37,934.00
GASB - 25
6/30/2024
E
Accumulated Amortization
000-0000-0851 GW
276,719.00
GASB - 25
6/30/2024
E
Subscription Liability
000-0000-2500 GW
373,415.00
GASB - 25
6/30/2024
E
General Government Expense
000-1000-5100 GW
111,395.00
GASB - 25
6/30/2024
E
Public Safety Expense
000-2000-5100 GW
165,324.00
To record CY activity for SBITA's
Factual
GASB - 26
6/30/2024
E
MISC CONTRACTUAL SERVICES
1-1030-8069 1
69,256.00
GASB - 26
6/30/2024
E
MISC CONTRACTUAL SERVICES
1-1064-8069 1
1,141,539.00
GASB - 26
6/30/2024
E
COMPUTER SOFTWARE
1-1171-8518 1
122,755.00
GASB - 26
6/30/2024
E
Other Financing Source : SBITA
1-1190-5863 1
1,324,675.00
GASB - 26
6/30/2024
E
Subscription Asset
000-0000-0802 GW
1,333,550.00
GASB - 26
6/30/2024
E
Subscription Liability
000-0000-2500 GW
1,324,675.00
To record new SBITA agreements for
Factual
FY24.
GASB - 27
6/30/2024
N
Subscription Asset
000-0000-0802 GW
163,185.00
GASB - 27
6/30/2024
N
Accumulated Amortization
000-0000-0851 GW
163,185.00
To remove asset no longer in
Factual
service
CLIENT - 1
6/30/2024
N
DEFERRED OUTFLOW PENSION
61-0061-0791 61
M401
51,406.00
CLIENT - 1
6/30/2024
N
DEFERRED OUTFLOW PENSION
61-0061-0791 61
M401
126,843.00
CLIENT - 1
6/30/2024
N
DEFERRED INFLOW-PENSION
61-0061-1601 61
M401
10,514.00
CLIENT - 1
6/30/2024
N
NET PENSION LIABILITY
61-0061-1899 61
M401
138,304.00
CLIENT - 1
6/30/2024
N
GASB 68 PENSION EXPENSE
61-6110-6503 61
M401
224,255.00
CLIENT - 1
6/30/2024
N
DEFERRED OUTFLOW PENSION
62-0062-0791 62
M401
1,785.00
CLIENT - 1
6/30/2024
N
DEFERRED OUTFLOW PENSION
62-0062-0791 62
M401
4,405.00
CLIENT - 1
6/30/2024
N
DEFERRED INFLOW-PENSION
62-0062-1601 62
M401
365.00
CLIENT - 1
6/30/2024
N
NET PENSION LIABILITY
62-0062-1899 62
M401
4,803.00
CLIENT - 1
6/30/2024
N
GASB 68 PENSION EXPENSE
62-6210-6503 62
M401
7,788.00
CLIENT - 1
6/30/2024
N
DEFERRED OUTFLOW PENSION
63-0063-0791 63
M401
89,784.00
12/17/2024
3:26 PM
Page
6
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-6
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
CLIENT - 1
6/30/2024
N
DEFERRED OUTFLOW PENSION
63-0063-0791 63
M401
221,542.00
CLIENT - 1
6/30/2024
N
DEFERRED INFLOW-PENSION
63-0063-1601 63
M401
18,364.00
CLIENT - 1
6/30/2024
N
NET PENSION LIABILITY
63-0063-1899 63
M401
241,558.00
CLIENT - 1
6/30/2024
N
GASB 68 PENSION EXPENSE
63-6311-6503 63
M401
391,680.00
CLIENT - 1
6/30/2024
N
DEFERRED OUTFLOW PENSION
64-0064-0791 63
M401
17,565.00
CLIENT - 1
6/30/2024
N
DEFERRED OUTFLOW PENSION
64-0064-0791 63
M401
43,342.00
CLIENT - 1
6/30/2024
N
DEFERRED INFLOW-PENSION
64-0064-1601 63
M401
3,593.00
CLIENT - 1
6/30/2024
N
NET PENSION LIABILITY
64-0064-1899 63
M401
47,258.00
CLIENT - 1
6/30/2024
N
GASB 68 PENSION EXPENSE
64-6410-6503 63
M401
76,628.00
Client Entry to post the change in
Recurring
GASB68
CLIENT - 2
6/30/2024
N
DEFERRED OUTFLOW PENSION
61-0061-0791 61
M401
158,214.00
CLIENT - 2
6/30/2024
N
GASB 68 PENSION EXPENSE
61-6110-6503 61
M401
158,214.00
CLIENT - 2
6/30/2024
N
DEFERRED OUTFLOW PENSION
62-0062-0791 62
M401
4,115.00
CLIENT - 2
6/30/2024
N
GASB 68 PENSION EXPENSE
62-6210-6503 62
M401
4,115.00
CLIENT - 2
6/30/2024
N
DEFERRED OUTFLOW PENSION
63-0063-0791 63
M401
271,975.00
CLIENT - 2
6/30/2024
N
GASB 68 PENSION EXPENSE
63-6311-6503 63
M401
271,975.00
CLIENT - 2
6/30/2024
N
DEFERRED OUTFLOW PENSION
64-0064-0791 63
M401
54,811.00
CLIENT - 2
6/30/2024
N
GASB 68 PENSION EXPENSE
64-6410-6503 63
M401
54,811.00
Client Entry to reclassify employee
Recurring
 pension contribution for GASB68
CLIENT - 3
6/30/2024
R
DEPRECIATION EXPENSE
64-6410-9003 63
25,765.00
CLIENT - 3
6/30/2024
R
Loss on disposal of asset
64-6410-9032 63
25,765.00
Client Entry- to reclass loss on
disposal of asset to its own account rather than the depreciation expense.
CLIENT - 4
6/30/2024
N
LEASE RECEIVABLE
1-0001-0298 1
V
274,156.00
CLIENT - 4
6/30/2024
N
DEFERRED INFLOWS - LEASES
1-0001-1380 1
V
274,156.00
CLIENT - 4
6/30/2024
N
LAND LEASE
1-1190-5621 1
V
CLIENT - 4
6/30/2024
N
MISCELLANEOUS EXPENSES
29-2915-8499 1
V
Client Entry to record changes in
lease balances during the year.
CLIENT - 5
6/30/2024
N
LEASE RECEIVABLE
1-0001-0298 1
V
59,643.00
CLIENT - 5
6/30/2024
N
LEASE RECEIVABLE
1-0001-0298 1
V
CLIENT - 5
6/30/2024
N
DEFERRED INFLOWS - LEASES
1-0001-1380 1
V
73,415.00
CLIENT - 5
6/30/2024
N
LAND LEASE
1-1190-5621 1
V
71,790.00
CLIENT - 5
6/30/2024
N
GASB 87 Lease Revenue
1-1190-5622 1
V
73,415.00
CLIENT - 5
6/30/2024
N
GASB 87 Interest Revenue
1-1190-5623 1
V
12,147.00
Client Entry to record balances
for new leases entered into during the FY.
CLIENT - 6
6/30/2024
N
MISC CONTRACTUAL SERVICES
1-1030-8069 1
34,438.00
CLIENT - 6
6/30/2024
N
MISC CONTRACTUAL SERVICES
1-1030-8069 1
34,818.00
12/17/2024
3:26 PM
Page
7
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-7
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
CLIENT - 6
6/30/2024
N
MISC CONTRACTUAL SERVICES
1-1064-8069 1
1,141,539.00
CLIENT - 6
6/30/2024
N
COMPUTER SOFTWARE
1-1171-8518 1
122,755.00
CLIENT - 6
6/30/2024
N
Other Financing Source : SBITA
1-1190-5863 1
34,438.00
CLIENT - 6
6/30/2024
N
Other Financing Source : SBITA
1-1190-5863 1
32,963.00
CLIENT - 6
6/30/2024
N
Other Financing Source : SBITA
1-1190-5863 1
115,735.00
CLIENT - 6
6/30/2024
N
Other Financing Source : SBITA
1-1190-5863 1
1,141,539.00
CLIENT - 6
6/30/2024
N
REVENUE N O C
1-1190-5878 1
1,855.00
CLIENT - 6
6/30/2024
N
REVENUE N O C
1-1190-5878 1
7,020.00
Client entry- To record new SBITA
Activity for the year.
CLIENT - 7
6/30/2024
N
MISC CONTRACTUAL SERVICES
1-1030-8069 1
22,642.00
CLIENT - 7
6/30/2024
N
SBITA Interest Expense
1-1030-9004 1
1,253.00
CLIENT - 7
6/30/2024
N
SBITA Principal Expense
1-1030-9010 1
21,389.00
CLIENT - 7
6/30/2024
N
MISC CONTRACTUAL SERVICES
1-1050-8069 1
11,000.00
CLIENT - 7
6/30/2024
N
SBITA Interest Expense
1-1050-9004 1
546.00
CLIENT - 7
6/30/2024
N
SBITA Principal Expense
1-1050-9010 1
10,454.00
CLIENT - 7
6/30/2024
N
MISC CONTRACTUAL SERVICES
1-1064-8069 1
190,000.00
CLIENT - 7
6/30/2024
N
SBITA Interest Expense
1-1064-9004 1
12,842.00
CLIENT - 7
6/30/2024
N
SBITA Principal Expense
1-1064-9010 1
177,158.00
CLIENT - 7
6/30/2024
N
COMPUTER SOFTWARE
1-1171-8518 1
38,898.00
CLIENT - 7
6/30/2024
N
SBITA Interest Expense
1-1171-9004 1
964.00
CLIENT - 7
6/30/2024
N
SBITA Principal Expense
1-1171-9010 1
37,934.00
Client Entry - To record activity
for existing leases.
CLIENT - 8
6/30/2024
N
COMPUTER MAINT SERVICE
1-1056-8052 1
43,259.00
CLIENT - 8
6/30/2024
N
SBITA Interest Expense
1-1056-9004 1
1,016.00
CLIENT - 8
6/30/2024
N
SBITA Principal Expense
1-1056-9010 1
42,243.00
CLIENT - 8
6/30/2024
N
MISC CONTRACTUAL SERVICES
1-1062-8069 1
86,675.00
CLIENT - 8
6/30/2024
N
SBITA Interest Expense
1-1062-9004 1
2,438.00
CLIENT - 8
6/30/2024
N
SBITA Principal Expense
1-1062-9010 1
84,237.00
Client Entry - To record activity
for existing leases (Continued).
CLIENT - 3132
6/30/2024
N
POLICE SUPPLIES
26-2611-8037 26
1,812.00
CLIENT - 3132
6/30/2024
N
RADIO EQUIPMENT
26-2611-8508 26
1,812.00
Client Entry- To reclass asset to
o/m accounts.
CLIENT - 3133
6/30/2024
N
MISC CONTRACTUAL SERVICES
61-6110-8069 61
22,000.00
CLIENT - 3133
6/30/2024
N
WATER SYSTEM
61-6170-8503 61
22,000.00
Client Entry- JE to reclass assets
to o/m accounts
CLIENT - 3134
6/30/2024
N
POLICE SUPPLIES
26-2611-8037 26
6,600.00
12/17/2024
3:26 PM
Page
8
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-8
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
CLIENT - 3134
6/30/2024
N
RADIO EQUIPMENT
26-2611-8508 26
6,600.00
Client Entry- To recalss assets to
o/m accounts
CLIENT - 3135
6/30/2024
N
LAND
61-0061-0800 61
3,012,248.00
CLIENT - 3135
6/30/2024
N
BUILDINGS
61-0061-0810 61
101,818.00
CLIENT - 3135
6/30/2024
N
MACHINERY & EQUIPMENT
61-0061-0830 61
1,210,169.00
CLIENT - 3135
6/30/2024
N
VEHICLES & LIFT STATIONS
61-0061-0840 61
241,745.00
CLIENT - 3135
6/30/2024
N
CAPITAL OUTLAY UNDER 5K
61-6110-8550 61
112,079.00
CLIENT - 3135
6/30/2024
N
LAND & IMPROVEMENTS
61-6170-8501 61
3,012,248.00
CLIENT - 3135
6/30/2024
N
BUILDINGS & IMPROVEMENTS
61-6170-8502 61
101,818.00
CLIENT - 3135
6/30/2024
N
MOTOR VEHICLES
61-6170-8509 61
241,745.00
CLIENT - 3135
6/30/2024
N
MACHINES AND TOOLS
61-6170-8510 61
16,221.00
CLIENT - 3135
6/30/2024
N
EQUIPMENT
61-6170-8517 61
1,081,869.00
Client Entry- To capitalize
expenditures related to business assets fund 0061.
CLIENT - 3136
6/30/2024
N
CONSTRUCTION IN PROGRESS
63-0063-0801 63
1,007,209.00
CLIENT - 3136
6/30/2024
N
BUILDINGS
63-0063-0810 63
112,029.00
CLIENT - 3136
6/30/2024
N
IMPROV OTHER THAN BLDGS
63-0063-0820 63
1,004,563.00
CLIENT - 3136
6/30/2024
N
MACHINERY & EQUIPMENT
63-0063-0830 63
880,419.00
CLIENT - 3136
6/30/2024
N
MACHINERY & EQUIPMENT
63-0063-0830 63
1,062,689.00
CLIENT - 3136
6/30/2024
N
WASTE WATER TRTMNT EQUIP
63-6370-8506 63
105,834.00
CLIENT - 3136
6/30/2024
N
EQUIPMENT
63-6370-8517 63
774,585.00
CLIENT - 3136
6/30/2024
N
BUILDINGS & IMPROVEMENTS
63-6380-8502 63
112,029.00
CLIENT - 3136
6/30/2024
N
WWTP FACILITY CONSTRUCTN
63-6380-8521 63
1,004,563.00
CLIENT - 3136
6/30/2024
N
WWTP FACILITY CONSTRUCTN
63-6380-8521 63
1,062,689.00
CLIENT - 3136
6/30/2024
N
WWTP FACILITY CONSTRUCTN
63-6380-8521 63
1,007,209.00
Client Entry to capitalize
expenditures related to business assets fund 0063.
CLIENT - 3137
6/30/2024
N
CONSTRUCTION IN PROGRESS
64-0064-0801 63
1,543.00
CLIENT - 3137
6/30/2024
N
BUILDINGS
64-0064-0810 63
19,309.00
CLIENT - 3137
6/30/2024
N
MACHINERY & EQUIPMENT
64-0064-0830 63
118,073.00
CLIENT - 3137
6/30/2024
N
BUILDINGS & IMPROVEMENTS
64-6470-8502 63
19,309.00
CLIENT - 3137
6/30/2024
N
BUILDINGS & IMPROVEMENTS
64-6470-8502 63
1,543.00
CLIENT - 3137
6/30/2024
N
SEWER SYSTEM
64-6470-8504 63
118,073.00
Client Entry- To capitalize
expenditures related to business assets fund 0064.
CLIENT - 3138
6/30/2024
N
ACC DEP - VEH & LIFT STAT
61-0061-0841 61
92,025.00
CLIENT - 3138
6/30/2024
N
INV CAP ASSET/NET RE DEBT
61-0061-2032 61
92,025.00
Entry provided by client after TB
import (amount different then client provided amount due to rounding/equity)
CLIENT - 3140
6/30/2024
N
ACCRUED COMPENS ABSENCES
61-0061-1478 61
6,644.00
12/17/2024
3:26 PM
Page
9
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-9
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
CLIENT - 3140
6/30/2024
N
ACCR COMP ABSENCE-CURRENT
61-0061-1479 61
2,716.00
CLIENT - 3140
6/30/2024
N
WAGES - FULL TIME
61-6110-6001 61
8,000.00
CLIENT - 3140
6/30/2024
N
FICA TAXES
61-6110-6501 61
612.00
CLIENT - 3140
6/30/2024
N
AZ ST LONG TRM DISABILITY
61-6110-6506 61
748.00
CLIENT - 3140
6/30/2024
N
ACCRUED COMPENS ABSENCES
63-0063-1478 63
15,918.00
CLIENT - 3140
6/30/2024
N
ACCR COMP ABSENCE-CURRENT
63-0063-1479 63
6,876.00
CLIENT - 3140
6/30/2024
N
WAGES - FULL TIME
63-6311-6001 63
19,482.00
CLIENT - 3140
6/30/2024
N
FICA TAXES
63-6311-6501 63
1,490.00
CLIENT - 3140
6/30/2024
N
AZ ST LONG TRM DISABILITY
63-6311-6506 63
1,822.00
CLIENT - 3140
6/30/2024
N
ACCRUED COMPENS ABSENCES
64-0064-1478 63
CLIENT - 3140
6/30/2024
N
ACCR COMP ABSENCE-CURRENT
64-0064-1479 63
CLIENT - 3140
6/30/2024
N
WAGES - FULL TIME
64-6410-6001 63
Client Entry- To record
compensated absence balance for FY24
CLIENT - 3141
6/30/2024
N
Construction in Progress
61-0061-0801 61
437,892.00
CLIENT - 3141
6/30/2024
N
Construction in Progress
61-0061-0801 61
34,238.00
CLIENT - 3141
6/30/2024
N
BUILDINGS
61-0061-0810 61
67,580.00
CLIENT - 3141
6/30/2024
N
BUILDINGS
61-0061-0810 61
101,818.00
CLIENT - 3141
6/30/2024
N
MACHINERY & EQUIPMENT
61-0061-0830 61
437,892.00
Client Entry - To correct
capitalize expenditures related to business assets fund 0061
CLIENT - 3142
6/30/2024
N
CONSTRUCTION IN PROGRESS
63-0063-0801 63
350,709.00
CLIENT - 3142
6/30/2024
N
BUILDINGS
63-0063-0810 63
112,029.00
CLIENT - 3142
6/30/2024
N
IMPROV OTHER THAN BLDGS
63-0063-0820 63
328,908.00
CLIENT - 3142
6/30/2024
N
MACHINERY & EQUIPMENT
63-0063-0830 63
133,830.00
Client Entry- To correct
capitalize expenditures related to Business Assets fund 0063
CLIENT - 3143
6/30/2024
N
CONSTRUCTION IN PROGRESS
64-0064-0801 63
152,155.00
CLIENT - 3143
6/30/2024
N
MACHINERY & EQUIPMENT
64-0064-0830 63
152,155.00
Client Entry- To correct
capitalize expenditures related to business assets fund 0064.
CLIENT - 3144
6/30/2024
N
VEHICLES & LIFT STATIONS
64-0064-0840 63
25,765.00
CLIENT - 3144
6/30/2024
N
DEPRECIATION EXPENSE
64-6410-9003 63
25,765.00
Client Entry- JE to record
business disposal of a vehicle.
CLIENT - 3145
6/30/2024
N
BUILDINGS
61-0061-0810 61
67,580.00
CLIENT - 3145
6/30/2024
N
IMPROV OTHER THAN BLDGS
61-0061-0820 61
67,580.00
CLIENT - 3145
6/30/2024
N
BUILDINGS
64-0064-0810 63
19,309.00
CLIENT - 3145
6/30/2024
N
IMPROV OTHER THAN BLDGS
64-0064-0820 63
19,309.00
Client Entry- To correct
12/17/2024
3:26 PM
Page
10
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-10
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
capitalize expenditures related to business assets fund 0061 & 0064
CLIENT - 3146
6/30/2024
N
ACCUM DEP - BUILDINGS
61-0061-0811 61
1,147.00
CLIENT - 3146
6/30/2024
N
ACC DEP-LAND IMPROVEMENTS
61-0061-0821 61
3,585.00
CLIENT - 3146
6/30/2024
N
ACCUM DEP - MACH & EQPMT
61-0061-0831 61
129,858.00
CLIENT - 3146
6/30/2024
N
ACC DEP - VEH & LIFT STAT
61-0061-0841 61
48,159.00
CLIENT - 3146
6/30/2024
N
DEPRECIATION EXPENSE
61-6110-9003 61
180,455.00
CLIENT - 3146
6/30/2024
N
ACCUM DEP - BUILDINGS
63-0063-0811 63
180,496.00
CLIENT - 3146
6/30/2024
N
ACC DEP-LAND IMPROVEMENTS
63-0063-0821 63
33,315.00
CLIENT - 3146
6/30/2024
N
ACCUM DEP - MACH & EQPMT
63-0063-0831 63
389,436.00
CLIENT - 3146
6/30/2024
N
ACC DEP - VEH & LIFT STAT
63-0063-0841 63
27,000.00
CLIENT - 3146
6/30/2024
N
DEPRECIATION EXPENSE
63-6311-9003 63
576,247.00
Client Entry- To record
accumulated depreciation
CLIENT - 3147
6/30/2024
N
LAND
91-0091-0800 91
5,009,681.00
CLIENT - 3147
6/30/2024
N
CONSTRUCTION IN PROGRESS
91-0091-0801 91
1,276,264.00
CLIENT - 3147
6/30/2024
N
IMPROVEMENTS
91-0091-0805 91
684,203.00
CLIENT - 3147
6/30/2024
N
ACCUM DEP - BUILDINGS
91-0091-0811 91
1,206,595.00
CLIENT - 3147
6/30/2024
N
AACUM DEP-IMPROVEMENTS
91-0091-0815 91
1,145,458.00
CLIENT - 3147
6/30/2024
N
MACHINERY & EQUIPMENT
91-0091-0830 91
2,321,498.00
CLIENT - 3147
6/30/2024
N
MACHINERY & EQUIPMENT
91-0091-0830 91
34,279.00
CLIENT - 3147
6/30/2024
N
ACCUM DEP - MACH & EQPMT
91-0091-0831 91
1,565,965.00
CLIENT - 3147
6/30/2024
N
ACCUM DEP - MACH & EQPMT
91-0091-0831 91
34,279.00
CLIENT - 3147
6/30/2024
N
INVSMNT IN GFA - GEN FUND
91-0091-2100 91
5,373,628.00
Client Entry - To record general
fixed asset activity.
CLIENT - 3148
6/30/2024
N
FUND BALANCE
61-0061-2025 61
3,685,036.00
CLIENT - 3148
6/30/2024
N
INV CAP ASSET/NET RE DEBT
61-0061-2032 61
3,685,036.00
CLIENT - 3148
6/30/2024
N
FUND BALANCE
63-0063-2025 63
17,948.00
CLIENT - 3148
6/30/2024
N
INV CAP ASSET/NET RE DEBT
63-0063-2032 63
17,948.00
CLIENT - 3148
6/30/2024
N
FUND BALANCE
64-0064-2025 63
278,620.00
CLIENT - 3148
6/30/2024
N
INV CAP ASSET/NET RE DEBT
64-0064-2032 63
278,620.00
Client Entry - To adjust the
capital assets net of related debt account.
CLIENT - 3150
6/30/2024
N
DUE FR FEDERAL GOVT GRNTS
1-0001-0502 1
C.IGR.1
1,214,793.00
CLIENT - 3150
6/30/2024
N
DUE FR ST AZ CITY SALE TX
1-0001-0520 1
C.IGR.1
1,214,793.00
Entry provided by client after TB
entry. Original entry was due to transpose error.
CLIENT - 3151
6/30/2024
N
A/R MISC GENERAL FUND
1-0001-0286 1
65,665.00
CLIENT - 3151
6/30/2024
N
BUS SERVICES
1-1097-7029 1
65,665.00
Client JE to perform Valley Metro
Factual
refund.
12/17/2024
3:26 PM
Page
11
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6

City of Tolleson, Arizona
310-11
Year End: June 30, 2024
Completed by
Reviewed by
Reviewed by
Normal adjusting journal entries
MA28834 10/23/2024CL28782 10/25/2024
Date:  7/1/2023  To  6/30/2024
Partner Review
IR
BH28807 11/6/2024
Number
  Date
  Type
  Name
  Account No
  Reference
Annotation
Debit
Credit
Recurrence
Difference
Misstatement
CLIENT - 3152
6/30/2024
N
A/R MISC GENERAL FUND
1-0001-0286 1
21,627.00
CLIENT - 3152
6/30/2024
N
DEFERRED REVENUE
1-0001-1333 1
21,627.00
Client Entry- To record deferred
revenue for Verizon Land Lease Period 7-12.
CLIENT - 3153
6/30/2024
N
ACCOUNTS PAYABLE
1-0001-1010 1
1,900.00
CLIENT - 3153
6/30/2024
N
ACCOUNTS PAYABLE
1-0001-1010 1
229.00
CLIENT - 3153
6/30/2024
N
LEGAL SERVICES
1-1010-7001 1
1,900.00
CLIENT - 3153
6/30/2024
N
MISC CONTRACTUAL SERVIC
1-1010-8069 1
229.00
Client Entry to correct AP balance
for check issued and voided within their system and then issued again within their new
system
CLIENT - 3140-1
6/30/2024
N
ACCRUED COMPENS ABSENCES
64-0064-1478 63
DD.921
4,252.00
CLIENT - 3140-1
6/30/2024
N
ACCR COMP ABSENCE-CURRENT
64-0064-1479 63
DD.921
2,590.00
CLIENT - 3140-1
6/30/2024
N
WAGES - FULL TIME
64-6410-6001 63
DD.921
5,848.00
CLIENT - 3140-1
6/30/2024
N
FICA TAXES
64-6410-6501 63
DD.921
447.00
CLIENT - 3140-1
6/30/2024
N
AZ ST LONG TRM DISABILITY
64-6410-6506 63
DD.921
547.00
Client Entry- To record
compensated absence balance for FY24
CLIENT - 3147-1
6/30/2024
N
ACCUM DEP - BUILDINGS
64-0064-0811 63
U
755.00
CLIENT - 3147-1
6/30/2024
N
ACC DEP-LAND IMPROVEMENTS
64-0064-0821 63
U
46,135.00
CLIENT - 3147-1
6/30/2024
N
ACCUM DEP - MACH & EQPMT
64-0064-0831 63
U
38,472.00
CLIENT - 3147-1
6/30/2024
N
DEPRECIATION EXPENSE
64-6410-9003 63
U
85,362.00
Client Entry - To record
accumulated depreciation.
233,958,177.00
233,958,177.00
Net Income (Loss)
34,465,609.00
12/17/2024
3:26 PM
Page
12
Docusign Envelope ID: 89822BB6-0048-4994-A90E-A8BC966BEED6