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RESOLUTION NO. 2026-11
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF
FOUNTAIN HILLS, MARICOPA COUNTY, ARIZONA, APPROVING THE
FINAL BUDGET FOR THE TOWN OF FOUNTAIN HILLS FOR THE
FISCAL YEAR BEGINNING JULY 1, 2026, AND ENDING JUNE 30, 2027
WHEREAS, in accordance with the provisions of Title 42, Chapter 17, Arizona
Revised Statutes (the “Applicable Law”), the Mayor and Council of the Town of
Fountain Hills (the “Town Council”) did, on May 5, 2026, prepare (i) a full and
complete statement of the Town’s financial affairs for the preceding fiscal year, (ii)
an estimate of the different amounts that will be required to meet the Town’s public
expense for the current fiscal year, including all of the items prescribed by Ariz. Rev.
Stat. § 42-17102 and (iii) a summary schedule of estimated expenditures and
revenues, which was prepared according to forms supplied by the Auditor General
and entered in the Town Council’s minutes; and
WHEREAS, in accordance with the Applicable Law, and following due public
notice, the Town Council met on June 2, 2026, at which meeting any taxpayer was
provided with the opportunity to appear and be heard in favor of or against any
proposed expenditure or tax levy.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
TOWN OF FOUNTAIN HILLS, ARIZONA, as follows:
SECTION 1. The recitals above are hereby incorporated as if fully set forth
herein.
SECTION 2. The statements and schedules attached hereto as Exhibit A and
incorporated herein by reference, are hereby adopted as the budget of the Town of
Fountain Hills, Arizona, for the fiscal year beginning July 1, 2026 and ending June 30,
2027.
SECTION 3. The Mayor, the Town Manager, the Town Clerk and the Town
Attorney are hereby authorized and directed to take all steps necessary to carry out
the purpose and intent of this Resolution.
PASSED AND ADOPTED by the Mayor and Council of the Town of Fountain
Hills, Arizona, this 2nd day of June, 2026.
FOR THE TOWN OF FOUNTAIN HILLS:
ATTESTED TO:
Mayor
Town Clerk
REVIEWED BY:
APPROVED AS TO FORM:
Town Manager
Town Attorney
EXHIBIT A
TO
RESOLUTION NO. 2026-11
[Budget Statements and Schedules]
See following pages
Official Budget Forms
Town of Fountain Hills
Fiscal year 2027
6/23 Arizona Auditor General
Official City/Town Budget Forms
Schedule G—Full-time employees and personnel compensation
Schedule C—Revenues other than property taxes
Schedule D—Other financing sources/(uses) and interfund transfers
Schedule E—Expenditures/expenses by fund
Schedule F—Expenditures/expenses by department (as applicable)
Town of Fountain Hills
Table of Contents
Fiscal year 2027
Schedule A—Summary Schedule of estimated revenues and expenditures/expenses
Schedule B—Tax levy and tax rate information
6/23 Arizona Auditor General
Official City/Town Budget Forms
Fiscal
year
General Fund
Special Revenue
Fund
Debt Service Fund
Capital Projects
Fund
Permanent Fund
Enterprise
Funds Available
Internal Service
Funds
Total all funds
2026
Adopted/adjusted budgeted expenditures/expenses*
E
1
26,029,061
13,677,949
1,060
12,159,228
0
0
1,529,100
53,396,398
2026
Actual expenditures/expenses**
E
2
23,434,444
8,886,607
10
8,064,801
0
0
1,074,280
41,460,142
2027
Beginning fund balance/(deficit) or net position/(deficit) at
July 1***
3
15,000,000
8,315,480
41,198
10,616,273
0
0
11,856,430
45,829,381
2027
Primary property tax levy
B
4
0
0
0
0
0
0
0
2027
Secondary property tax levy
B
5
0
0
0
0
0
0
0
2027
Estimated revenues other than property taxes
C
6
26,800,894
7,267,000
817
3,691,977
0
0
716,915
38,477,603
2027
Other financing sources
D
7
0
0
0
0
0
0
0
0
2027
Other financing (uses)
D
8
0
0
0
0
0
0
0
0
2027
Interfund transfers in
D
9
35,000
150,000
0
3,300,000
0
0
0
3,485,000
2027
Interfund Transfers (out)
D
10
0
185,000
0
1,900,000
0
0
1,400,000
3,485,000
2027
Line 11: Reduction for fund balance reserved for future
budget year expenditures
Maintained for future debt retirement
41,155
41,155
Maintained for future capital projects
4,283,134
4,696,250
6,700,000
15,679,384
Maintained for future financial stability
10,751,866
10,751,866
Maintained for future streets projects
4,306,170
4,306,170
Maintained for future vehicle, facilities and technology
replacement
3,243,345
3,243,345
2027
Total financial resources available
12
26,800,894
11,241,310
860
11,012,000
0
0
1,230,000
50,285,064
2027
Budgeted expenditures/expenses
E
13
26,800,894
11,241,310
860
11,012,000
0
0
1,230,000
50,285,064
Expenditure limitation comparison
2026
2027
1 Budgeted expenditures/expenses
53,396,398
$
50,285,064
$
2 Add/subtract: estimated net reconciling items
(82,309)
(82,845)
3 Budgeted expenditures/expenses adjusted for reconciling items
53,314,089
50,202,219
4 Less: estimated exclusions
16,732,213
12,024,151
5 Amount subject to the expenditure limitation
36,581,876
$
38,178,068
$
6 EEC expenditure limitation or voter-approved alternative expenditure limitation
36,581,877
$
38,178,069
$
*
**
***
Amounts on this line represent beginning fund balance/(deficit) or net position/(deficit) amounts except for nonspendable amounts (e.g., prepaids and inventories) or amounts legally or contractually required to be
maintained intact (e.g., principal of a permanent fund). See the Instructions tab, cell C17 for more information about the amounts that should and should not be included on this line.
S
c
h
Funds
Includes expenditure/expense adjustments approved in the current year from Schedule E.
The city/town does not levy property taxes and does not have special assessment districts for which property taxes are levied. Therefore, Schedule B has been omitted.
11
Town of Fountain Hills
Summary Schedule of estimated revenues and expenditures/expenses
Fiscal year 2027
Includes actual amounts as of the date the proposed budget was prepared, adjusted for estimated activity for the remainder of the fiscal year.
6/23 Arizona Auditor General
Schedule A
Official City/Town Budget Forms
2026
2027
1.
$
$
2.
$
3. Property tax levy amounts
A. Primary property taxes
$
$
B. Secondary property taxes
C. Total property tax levy amounts
$
$
4. Property taxes collected*
A. Primary property taxes
(1) Current year's levy
$
(2) Prior years’ levies
(3) Total primary property taxes
$
B. Secondary property taxes
(1) Current year's levy
$
(2) Prior years’ levies
(3) Total secondary property taxes
$
C. Total property taxes collected
$
5. Property tax rates
A. City/Town tax rate
(1) Primary property tax rate
(2) Secondary property tax rate
(3) Total city/town tax rate
B. Special assessment district tax rates
Secondary property tax rates—As of the date the proposed budget was prepared, the
one (1)
special assessment districts for which secondary
property taxes are levied. For information pertaining to these special assessment districts
and their tax rates, please contact the city/town.
*
city/town was operating
Includes actual property taxes collected as of the date the proposed budget was prepared, plus
estimated property tax collections for the remainder of the fiscal year.
Amount received from primary property taxation in
the current year in excess of the sum of that year's
maximum allowable primary property tax levy.
A.R.S. §42-17102(A)(18)
Town of Fountain Hills
Tax levy and tax rate information
Fiscal year 2027
Maximum allowable primary property tax levy.
A.R.S. §42-17051(A)
Property tax judgment
Property tax judgment
Property tax judgment
Property tax judgment
6/23 Arizona Auditor General
Schedule B
Official City/Town Budget Forms
Estimated
revenues
Actual revenues*
Estimated
revenues
2026
2026
2027
General Fund
Local taxes
Local Sales Tax
$
14,962,027
$
17,232,975
$
15,268,851
Franchise Tax
350,000
312,482
325,000
Licenses and permits
Business License Fees
114,094
102,214
110,000
Residential Rental License
28,523
34,000
35,000
Liquor License Fees
2,000
4,266
2,000
Building Permit Fees
450,000
478,956
450,000
Sign Permits
3,350
3,166
3,350
Landscape Permit Fees
3,780
2,066
3,780
Subdivision Fees
40,000
22,668
40,000
Special Event Permits
18,100
39,563
30,000
Engineering Fees
5,900
9,104
10,000
Encroachment Fees
100,000
37,113
50,000
Variances
5,000
11,744
5,000
Inspection Fees
35,000
38,321
45,000
Planning & Zoning Fees
20,060
15,076
20,060
Plan Review Fees
50,000
31,240
50,000
Intergovernmental
State Sales Tax
3,639,515
3,565,712
3,562,041
Fire Insurance Premium Tax
75,000
550,000
330,000
Shared Income Tax
4,698,139
4,617,595
4,987,436
Charges for services
Parks & Rec User Fees
260,000
338,624
275,000
Leases & Rents
379,914
406,905
387,455
Fines and forfeits
Court Fines
210,000
359,303
300,000
Interest on investments
Interest on Investments
348,507
476,573
294,941
In-lieu property taxes
Contributions
Voluntary contributions
60,000
38,184
60,000
Miscellaneous
Miscellaneous
192,980
146,850
155,980
Total General Fund
$
26,051,889
$
28,874,701
$
26,800,894
*
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2027
Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
Source of revenues
6/23 Arizona Auditor General
Schedule C
Official City/Town Budget Forms
Estimated
revenues
Actual revenues*
Estimated
revenues
2026
2026
2027
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2027
Source of revenues
Special revenue funds
Highway User Revenue Fund
Highway User Tax
1,890,627
$
1,713,607
$
1,810,740
Vehicle License Tax
1,277,830
1,252,219
1,280,205
Local Sales Tax
1,242,326
1,424,328
1,279,231
In-Lieu Fees
100,000
10,000
Recycle Proceeds
1,000
1,624
1,000
Interest
191,193
339,725
105,205
Miscellaneous
30,000
16,865
30,000
$
4,732,976
$
4,748,368
$
4,516,381
Downtown Strategy Fund
Local Sales Tax
124,233
$
142,432
$
127,923
Interest
13,830
22,054
14,168
$
138,063
$
164,487
$
142,091
Economic Development Fund
Local Sales Tax
496,930
$
569,731
$
511,692
Miscellaneous
1,646
Interest
10,766
27,416
13,350
$
507,696
$
598,793
$
525,042
Tourism Fund
Grants
150,000
$
126,624
$
150,000
Interest
3,000
7,194
3,126
$
153,000
$
133,818
$
153,126
Special Revenue Fund - Grants
Intergovernmental-State
$
1,690,000
$
250,253
$
1,750,000
Intergovernmental-Federal
3,000,000
Other
113,892
5,660
$
4,690,000
$
364,145
$
1,755,660
Public Art
In-Lieu Fees
$
100,000
$
24,263
$
100,000
Other
15,000
Interest
820
1,632
1,289
$
100,820
$
40,895
$
101,289
Court Enhancement Fund
Court Enhancement/JCEF Revenue
$
33,000
$
66,018
$
52,000
Interest
8,789
10,343
8,641
$
41,789
$
76,361
$
60,641
Cottonwoods Maintenance District
Assessments
$
11,606
$
10,448
$
12,342
Interest Income
400
773
428
$
12,006
$
11,221
$
12,770
Total special revenue funds
$
10,376,350
$
6,138,087
$
7,267,000
* Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
6/23 Arizona Auditor General
Schedule C
Official City/Town Budget Forms
Estimated
revenues
Actual revenues*
Estimated
revenues
2026
2026
2027
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2027
Source of revenues
Debt service funds
General Obligation Debt Service
Interest Income
$
500
$
990
$
566
$
500
$
990
$
566
Eagle Mountain CFD
Assessments
$
$
$
Interest Income
$
$
$
Municipal Property Corp
Interest Income
$
200
$
483
$
251
$
200
$
483
$
251
Total debt service funds
$
700
$
1,473
$
817
Capital projects funds
Capital Projects Fund
Local Sales Tax
$
1,188,207
$
1,283,288
$
1,361,152
Grants
2,190,750
1,750,000
1,131,250
Interest
170,000
335,158
175,666
$
3,548,957
$
3,368,446
$
2,668,068
Fire Development Fee Fund
Development Fees
$
17,228
$
11,281
$
164,445
Interest Income
4,102
7,439
4,173
$
21,330
$
18,721
$
168,618
Streets Development Fee Fund
Development Fees
$
266,141
$
183,110
$
380,179
Interest Income
15,227
34,705
$
281,368
$
217,815
$
380,179
Parks & Recreation Development Fee Fund
Development Fees
$
224,096
$
134,637
$
448,240
Interest Income
13,632
17,812
26,872
$
237,728
$
152,449
$
475,112
Total capital projects funds
$
4,089,383
$
3,757,430
$
3,691,977
* Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
6/23 Arizona Auditor General
Schedule C
Official City/Town Budget Forms
Estimated
revenues
Actual revenues*
Estimated
revenues
2026
2026
2027
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2027
Source of revenues
Permanent funds
N/A
$
$
$
$
$
$
Total permanent funds
$
$
$
Enterprise funds
N/A
$
$
$
$
$
$
Total enterprise funds
$
$
$
* Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
6/23 Arizona Auditor General
Schedule C
Official City/Town Budget Forms
Estimated
revenues
Actual revenues*
Estimated
revenues
2026
2026
2027
Town of Fountain Hills
Revenues other than property taxes
Fiscal Year 2027
Source of revenues
Internal service funds
Facilities Reserve Fund
Interest Income
140,000
331,796
144,302
$
140,000
$
331,796
$
144,302
Technology Replacement Fund
Internal Service Charges
$
65,511
$
65,508
$
65,511
Interest Income
7,605
$
65,511
$
65,508
$
65,511
Vehicle Replacement Fund
Vehicle Replacement Charges
$
368,337
$
379,472
$
458,050
Interest Income
49,052
111,223
49,052
$
417,389
$
490,695
$
507,102
Total internal service funds
$
622,900
$
887,999
$
716,915
Total all funds
$
41,141,222
$
39,659,690
$
38,477,603
* Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was
prepared, plus estimated revenues for the remainder of the fiscal year.
6/23 Arizona Auditor General
Schedule C
Official City/Town Budget Forms
Fund
Sources
(Uses)
In
(Out)
General Fund
General Fund
$
$
$
35,000
$
Total General Fund
$
$
$
35,000
$
Special revenue funds
Streets Fund
$
$
$
Court Enhancement Fund
35,000
Downtown Strategy Fund
Economic Dev Fund
150,000
Tourism Fund
150,000
Total special revenue funds
$
$
$
150,000
$
185,000
Debt service funds
N/A
$
$
$
$
Total debt service funds
$
$
$
$
Capital projects funds
Capital Projects Fund
$
$
$
3,300,000
Parks & Rec Development Fee Fund
1,600,000
Streets Development Fee Fund
300,000
Total capital projects funds
$
$
$
3,300,000
$
1,900,000
Permanent funds
N/A
$
$
$
$
Total permanent funds
$
$
$
$
Enterprise funds
N/A
$
$
$
$
Total enterprise funds
$
$
$
$
Internal service funds
Facilities Reserve Fund
$
$
$
$
1,400,000
Technology Replacement Fund
Vehicle Replacement Fund
Total Internal Service Funds
$
$
$
$
1,400,000
Total all funds
$
$
$
3,485,000
$
3,485,000
2027
2027
Town of Fountain Hills
Other financing sources/(uses) and interfund transfers
Fiscal year 2027
Other financing
Interfund transfers
6/23 Arizona Auditor General
Schedule D
Official City/Town Budget Forms
Adopted
budgeted
expenditures/
expenses
Expenditure/
expense
adjustments
approved
Actual
expenditures/
expenses*
Budgeted
expenditures/
expenses
Fund/Department
2026
2026
2026
2027
General Fund
Mayor & Town Council
$
73,455
$
59,321
$
80,442
Administration
3,252,618
3,071,511
3,459,977
General Government
1,899,944
(75,473)
752,453
1,745,819
Municipal Court
548,969
525,869
574,919
Public Works
2,488,886
100,000
2,091,724
2,516,325
Development Services
1,532,513
(100,000)
1,328,554
1,568,863
Community Services
4,427,565
52,995
4,015,101
4,580,916
Fire & Emergency Medical
5,966,584
5,776,771
6,477,777
Law Enforcement
5,861,005
5,813,140
5,795,856
Total General Fund
$
26,051,539
$
(22,478)
$
23,434,444
$
26,800,894
Special revenue funds
Streets Fund
$
7,244,627
$
1,150,000
7,555,164
8,269,842
Downtown Strategy Fund
165,200
15,000
135,703
240,200
Economic Development Fund
471,378
448,588
503,234
Tourism Fund
333,425
328,575
325,756
Special Revenue Fund
4,690,000
(525,000)
333,410
1,755,660
Public Art Fund
40,214
47,611
42,777
Court Enhancement Fund
77,500
29,645
87,500
Cottonwoods Maint District
15,605
7,911
16,341
Total special revenue funds
$
13,037,949
$
640,000
$
8,886,607
$
11,241,310
Debt service funds
General Obligation Bonds
$
350
$
350
Eagle Mountain CFD
200
Municipal Property Corp
510
10
510
Total debt service funds
$
1,060
$
$
10
$
860
Capital projects funds
Capital Projects
$
12,712,800
$
(625,000)
8,057,323
11,000,000
Fire/Emergency Dev Fee
1,964
2,491
2,491
4,000
Streets Dev Fee
31,146
2,496
2,496
4,000
Park/Rec Dev Fee
30,840
2,491
2,491
4,000
Total capital projects funds
$
12,776,750
$
(617,522)
$
8,064,801
$
11,012,000
Permanent funds
N/A
$
$
$
$
Total permanent funds
$
$
$
$
Enterprise funds
N/A
$
$
$
$
Total enterprise funds
$
$
$
$
Internal service funds
Facilities Reserve Fund
$
1,000,000
$
701,840
600,000
Technology Replacement Fund
50,000
43,947
50,000
Vehicle Replacement Fund
479,100
328,493
580,000
Total internal service funds
$
1,529,100
$
1,074,280
1,230,000
Total all funds
$
53,396,398
$
$
41,460,142
$
50,285,064
*
Expenditures/expenses by fund
Fiscal year 2027
Town of Fountain Hills
Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget
was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year.
6/23 Arizona Auditor General
Schedule E
Official City/Town Budget Forms
Adopted
budgeted
expenditures/
expenses
Expenditure/
expense
adjustments
approved
Actual
expenditures/
expenses*
Budgeted
expenditures/
expenses
2026
2026
2026
2027
Mayor & Council
General Fund
$
73,455
$
$
59,321
$
80,442
Department total
$
73,455
$
$
59,321
$
80,442
Administration
General Fund
$
3,252,618
$
3,071,511
3,459,977
Downtown Strategy Fund
165,200
135,703
240,200
Economic Development Fund
471,378
448,588
503,234
Tourism Fund
333,425
328,575
325,756
Special Revenue Fund
4,690,000
30,636
1,750,000
General Obligation Debt
350
350
Eagle Mountain CFD
200
Municipal Property Corp
510
10
510
Cottonwoods Maint District
15,605
7,911
16,341
Capital Projects
1,167,800
543,741
3,700,000
Department total
$
10,097,086
$
$
4,566,676
$
9,996,368
General Government
General Fund
$
1,899,944
$
752,453
1,745,819
Technology Replacement
50,000
43,947
50,000
Vehicle Replacement
415,000
271,165
465,000
Department total
$
2,364,944
$
$
1,067,565
$
2,260,819
Municipal Court
General Fund
$
548,969
$
$
525,869
$
574,919
Court Enhancement Fund
77,500
29,645
87,500
Department total
$
626,469
$
$
555,513
$
662,419
Public Works
General Fund
$
2,488,886
$
2,091,724
2,516,325
Streets Fund
7,244,627
7,555,164
8,269,842
Special Revenue Fund
900
Capital Projects
9,950,000
6,636,331
3,100,000
Facilities Reserve Fund
1,000,000
701,840
600,000
Vehicle Replacement
64,100
57,328
115,000
Streets Development Fees
31,146
2,496
4,000
Department total
$
20,747,613
$
$
17,045,783
$
14,605,167
Development Services
General Fund
$
1,532,513
$
$
1,328,554
$
1,568,863
Department total
$
1,532,513
$
$
1,328,554
$
1,568,863
Community Services
General Fund
$
4,427,565
$
4,015,101
4,580,916
Special Revenue Fund
301,874
5,660
Public Art Fund
40,214
47,611
42,777
Capital Projects
1,595,000
877,250
4,200,000
Parks/Rec Development Fees
30,840
2,491
4,000
Department total
$
6,093,619
$
$
5,244,327
$
8,833,353
Fire & Emergency Medical
General Fund
$
5,966,584
$
$
5,776,771
$
6,477,777
Fire/EMS Development Fees
1,964
2,491
4,000
Department total
$
5,966,584
$
$
5,779,262
$
6,481,777
Law Enforcement
General Fund
$
5,861,005
$
$
5,813,140
$
5,795,856
Department total
$
5,861,005
$
$
5,813,140
$
5,795,856
*
Expenditures/expenses by department
Fiscal year 2027
Town of Fountain Hills
Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the
proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year.
Department/Fund
6/23 Arizona Auditor General
Schedule F
Official City/Town Budget Forms
Full-time
equivalent (FTE)
Employee salaries
and hourly costs
Retirement costs
Healthcare costs
Other benefit
costs
Total estimated
personnel
compensation
2027
2027
2027
2027
2027
2027
106.75
9,925,941
1,019,460
1,106,489
569,025
12,620,915
Streets Fund
7.05
575,022
65,473
94,959
57,211
792,665
Economic Development Fund
2.00
256,060
28,348
18,666
8,017
311,091
Total special revenue funds
9.05
$
831,082
$
93,821
$
113,625
$
65,228
$
1,103,756
$
$
$
$
$
Total debt service funds
$
$
$
$
$
$
$
$
$
$
Total capital projects funds
$
$
$
$
$
$
$
$
$
$
Total permanent funds
$
$
$
$
$
$
$
$
$
$
Total enterprise funds
$
$
$
$
$
$
$
$
$
$
Total internal service fund
$
$
$
$
$
Total all funds
115.80
$
10,757,023
$
1,113,281
$
1,220,114
$
634,253
$
13,724,671
Internal service funds
Special revenue funds
Debt service funds
Capital projects funds
Permanent funds
Enterprise funds
Fund
Town of Fountain Hills
Full-time employees and personnel compensation
Fiscal year 2027
General Fund
6/23 Arizona Auditor General
Schedule G
Official City/Towns Budget Forms