On or before the third Monday in July each year the governing body of each county and incorporated city or town shall prepare:

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Terms Used In Arizona Laws 42-17101

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Political subdivision: means a county, charter county, city, charter city, town, community college district or school district. See Arizona Laws 42-17001

1. A full and complete statement of the political subdivision‘s financial affairs for the preceding fiscal year.

2. An estimate of the different amounts that will be required to meet the political subdivision’s public expense for the current fiscal year entered in the minutes of the governing body and containing the items prescribed by section 42-17102.

3. A summary schedule of estimated expenditures and revenues that shall be:

(a) Entered in the minutes of the governing body.

(b) Prepared according to forms supplied by the auditor general.