Presentation

TOWN OF WICKENBURG
BUDGET STUDY SESSION
March 16, 2026

• Session 2
o Arizona Community Foundation
o Town Grant Programs
o Legal Update, OML, Conflict of Interest
o Expenditure Limitation
o Property Tax
o Fee Schedule Changes
o Strategic Plan – Council Priorities
o CIP
o PHI Air Medical Membership Proposal
Town Council 
Budget Study Session

3
Arizona Community Foundation

COMMUNITY FUND
OVERVIEW
LEARN MORE
Hector Ramirez
R e g i o n a l   A d v i s o r   –   Y a v a p a i   C o u n t y
Jennifer Perry
V P   o f   R e g i o n a l   I m p a c t

PRESENTATION
AGENDA
O VE RV I E W  A N D
W HA T  T O  E X P E C T
WHAT IS A
COMMUNITY
FOUNDATION?
ENDOWMENT,
BENEFITS, &
SERVICES
COMMUNITY
FUNDS
QUESTIONS

TEXT OR
PHOTO
OUR MISSION
To lead, serve, and
collaborate to mobilize
enduring philanthropy for a
better Arizona.

WHO IS AZ COMMUNITY FOUNDATION?
LEARN MOE
• 501(c)3 Nonprofit organization
• Founded in 1978
• $1.5B+ in Charitable Assets Under Management
• $109 million granted last year
• 4 Star Rating with Charity Navigator
• Top 25 Community Foundations in U.S.A.
• Less than 1% in operating expenses

LEARN MOE
What it is:
• 501(c)(3) public charity
• Grantmaker
• Broad mission
• Serves a geographically defined community
• Funds established by local families,
individuals, businesses, and nonprofits
• Builds endowed capital
• Governed by local community members
What it’s not:
• An FDIC bank account
• An investment advisor or stockbroker
registered with Securities and Exchange
Commission
• Personal wealth advisor or registered tax
advisor
• For profit fee-based organization
• National private foundation
COMMUNITY FOUNDATION

Lead, serve, and collaborate to mobilize
enduring philanthropy 
for a better Arizona.
Our mission
STATEWIDE REACH
ACF of Flagstaff
ACF of Sedona
ACF of Yavapai County
ACF – Central Phoenix Office
ACF of Yuma
ACF of the Gila Valley
ACF of Cochise

WHAT IS AN ENDOWMENT?
o Endow “to provide or supply with income”
o Permanent fund
o Principal is preserved and invested
o A portion of the investment earnings are distributed annually as income to
the organization, OR reinvested in the fund for continued growth
o Provides a reliable and increasing source of organizational support over time
7

POWER OF ENDOWMENT
LEARN MOE
$15,000 Initial Gift
$1,553,530 Fund Balance
Yavapai County Community Fund
1992, fund began with  $15,000
Today, fund balance is $1,553,530
34 years, $2,198,932.40 in grants
Donor contributions &
investment growth

Long Term Diversified Pool 
41%
Long Term Aggressive Growth Pool <1%
Socially Responsible Pool 
2%
Intermediate Pool 6%
Short Term Pool 
5%
Externally Managed Funds 
37%
Special Assets 
9%
Cash <1%
ASSETS UNDER MANAGEMENT
BY ACF
LEARN MOE
$1.56 Billion in Total Assets
As of June 30, 2025
Asset Type
 (Millions)
Pools
$846
Long Term Diversified Pool
$633
Long Term Aggressive Growth Pool
$9
Intermediate Pool
$89
Short Term Pool
$77
Socially Responsible Pool
$38
Externally Managed Funds
$569
Special Assets
$142
Cash
$3
Grand Total
$1.56 billion

INVESTMENT PROGRAM
GOVERNANCE
The ACF Investment Program has multiple
layers of governance and oversight.
• Investment Committee
• ACF Investment Team
• ACF’s external investment consultant,
Mercer
Mercer
Investment
Program
ACF
Investment
Committee
& Board
ACF
Investment
Team

Community Funds
Benefits:
• Grantmaking Services & Expertise
• High Standards Regulations & Compliance
• Planned Giving & Charitable Services
• Increased Community Visibility
• ACF Partnership & Development Guidance
A community fund is an endowment set up for specific
communities. Community Funds are a collective giving tool
to enable one or multiple donors to pool charitable capital
for greater impact. Considered discretionary funding, these
funds are typically geographically bound to ensure funds
are utilized for the community and by community that the
fund was established to support.

ACF MAKES IT EASY FOR
DONORS TO MAKE GIFTS
LEARN MOE
Appreciated
Stock
Business
Holdings
Real
Estate
Art &
Collectables

Yavapai County
COMPETITIVE GRANT CYCLE
The ACF of Yavapai County annual
competitive grant cycle uses monies
available from regional community
funds.
Current Community Funds at the ACFYC Office:
Yavapai County Community Fund
Taney Tambini Community Fund

FUNDING
o Build the capacity of the organization
o Support direct service projects and programs
o Support capital expenditures
o Provide general operating support
o Support new or ongoing projects
FUNDS CAN BE USED TO…
Does NOT Support Event Sponsorships OR
Fundraising Events

YAVAPAI COUNTY COMMUNITY
FUNDS IMPACT
Grantmaking from the Yavapai County
& Taney Tambini Community Funds
2025
•
29 Grantees
•
Total Awards Granted: $110,300
2024
•
27 Grantees
•
Total Awards Granted: $114,010
2023
•
22 Grantees
•
Total Awards Granted: $111,250

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Town Grant Programs

üStandardized Grants Timeline
üPlanned Budgets for Grant Programs
üDefining EDTAC and Council responsibilities
üIncreased fairness and consistency
Goals
20

Commercial Façade Grant
21
Current
Proposed
Budget Amount
$25,000 FY25-26
$ TBD -  FY26-27 through the
budget process
Funding Source
General Fund
General Fund
Eligibility
Commercial properties subject
to sales tax
Inclusion of non-profits exempt
from sales tax
Cycle
Once Per Year
Once Per Year

Tourism Marketing Grant
22
Current
Proposed
Grant
Bed Tax Marketing
Tourism Marketing
Budget Amount
$10,000 FY25-26
$ TBD -  FY26-27 through the
budget process
Funding Source
Bed Tax
Bed Tax
Eligibility
501(c)(3) or 501(c)(6)
501(c)(3) or 501(c)(6)
Cycle
Once Per Year
Once Per Year

Community Support Grant
23
Current
Proposed
Grant
Non-Profit Funding
Community Support Grant
Budget Amount
Not Budgeted in FY25-26
$ TBD -  FY26-27 through the
budget process
Funding Source
Bed Tax Contingency & General
Fund Contingency
To be determined during budget
process
Eligibility
501(c)(3) or 501(c)(6)
501(c)(3) or 501(c)(6)
Cycle
Rolling Basis
Once Per Year

24
Legal Update

25
Expenditure Limitation and Property Tax

• 2026 Limitation $63,473,203
• 2027 Preliminary Limitation
$66,900,091
• Increase of $3,426,888
26
 Expenditure Limitation Recap
2024
Limitation
$57,141,895
Amount
Under 2024
Limitation
$32,892,570
2025
Limitation
$60,940,309
Amount
Under 2025
Limitation
$31,451,563
•
Exclusions from calculating the expenditure limitation:
•
Debt Service
•
Dividends, interest, or gains
•
Grants, aid, or contributions
•
Funds received from State of Arizona
•
Contracts with other political subdivisions
•
Refunds, reimbursements, and other recoveries

• Fiscal Year 2026
o Levy - $615,000
o Rate - .3997
27
Property Tax Rate and Levy
• Fiscal Year 2027
o Levy - $628,450
o Rate- .3856
• Fiscal Year 2027 Option
o Maintain Levy
§ $615,000, rate .3773
o Maintain Rate
§ $651,500, rate .3997
– Truth in Taxation
Required
•Council Policy Direction​
•Does the Council wish to increase collections and conduct a truth in taxation hearing?​
•If no, the net effect will continue lowering the current property tax rate

28
Fee Schedule Changes

• On June 16, 2014, the Town Council approved Ordinance No.
1140, authorizing the Council to set fees annually by
resolution for Town services and use of facilities
• Annually Council sets a new Fee Schedule through the Budget
Process
• Department Directors facilitate an annual review of fees and
charges in their respective departments
• The Town Manager has directed staff to set fees at cost
recovery
• Council maintains the authority to adjust fee to create
revenue centers or subsidize programs and services
Fee Schedule
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• As required by A.R.S. § 9-499.15, the Town will post a
notice of intent to change our fee schedule and have it
posted on our Town website for the required 60-days
• On May 18th, these changes will come back with a
resolution to approve the schedule after the required 60-
day notice
• If approved, the Fee Schedule will become effective June
17, 2026
• If all the changes are approved tonight, then at this point
fees can only be reduced from the proposed amount –
They can’t be increased.
Notice of Intent – Next Steps
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• Next Budget Work Session scheduled
for April 20
o Present CIP, showing requests and Town
Manager’s recommended CIP Projects
o Town Manager’s balanced budget
proposal
o Changes can be made prior to tentative
budget adoption on May 4th
o Special Meeting to adopt budget June 1
Recap and Close of Work
Session