Newest Council member Lucy Leyva

Sworn In

Prescott Valley Town Council’s newest Council member, Lucy Leyva, was sworn in during the January 5, 2023 Study Session meeting. Council member Leyva has been a Prescott Valley resident since 2000 and is a mother of two teenagers. She owns three local businesses and is involved in many regional organizations. Lucy knows how important it is for families to have a stable place to work and call home. Her mission is to create jobs and give back to the community. Welcome Council member Leyva!

Five new team members join Town of Prescott Valley

Five new team members recently joined the Town of Prescott Valley, and completed their New Employee Orientation (NEO). Welcome to:

Michael Theodorou - Streets Maintenance Worker I

Martha Zimmerman - Admin Assistant II

Jake Handley - Streets Maintenance Worker III

Dakota Collins - Streets Maintenance Worker III

Beverly Schow - Deputy Court Clerk II

We are excited to add great people to our highperforming team. If you see them around, give them a warm welcome!

Mat Wilson promoted to Sgt.

Congratulations to Mat Wilson on his recent promotion to PVPD Sergeant. Sgt. Wilson was sworn in January 18 front of friends, family, and staff. Previously a corporal, Sgt Wilson has been with the Prescott Valley Police Department since 2016 He has received many recognitions since then, including Rookie of the Year in 2018. Mat is a family-oriented individual with strong values and is always willing to help and mentor his fellow officers. Congrats on your promotion, Sgt. Wilson!

Emergency traffic signal changes mean a safer community for all

Prescott Valley and the Central Arizona Fire & Medical Authority (CAFMA) are investing in the Town's public safety with an Intergovernmental Agreement for technology that will allow first responders to reduce response times and navigate through traffic signals more safely. The technology allows first responders to use devices in their vehicles to change traffic signals while responding to emergencies. CAFMA has used its own funds to purchase hardware needed for the various traffic signals inside Town limits Prescott Valley will install and maintain the hardware on those signals that are within Townmaintained rights-of-way The Town and CAFMA will each be responsible for their own costs to buy needed electronic devices for their respective safety vehicles Certain costs are still being finalized The total initial cost for CAFMA is $269,700, and the total initial cost for the Town is $216,460. The Town will also have a cost for ongoing maintenance. The initial Town cost will be budgeted during the Fiscal Year 2023-24 budget process.

Town of Prescott Valley receives highest standard in finance audit

The Town of Prescott Valley Finance Department is pleased to announce the results of its annual fiscal year audit, which earned an “unmodified opinion,” the highest standard that can be awarded through the audit process An unmodified opinion means the auditor concludes that the financial statements of a given entity are presented fairly, in all material respects, in accordance with generally accepted accounting principles The Town has received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting award for the Annual Comprehensive Financial Report (ACFR) each year since fiscal year 1996-1997 It has earned the Distinguished Budget Presentation Award for its Budget Book each year since fiscal year 2001-2022, and the Popular Annual Financial Reporting (PAFR) Award since fiscal year 2011-2012, giving it the GFOA Triple Crown designation Prescott Valley is one of only 317 government entities to receive the Triple Crown award

TOTAL BUDGETED REVENUE SOURCES

$113.8 M

Where does the money come from?

Current Trending to Budget by Source

Taxes - Local TPT (Town Sales Tax)

Intergovernmental (State Shared Sales, Gas, Vehicle License, & Income Tax

Grant Revenue Federal & State Grants

Enterprise User Revenue Water & Sewer Service Fees & Water Resource Charges

Miscellaneous (Service Charges, Fines, Forfeitures, Investment & Rentals

Impact Fees New Construction Fees

Intergovernmental revenues have been strong but show a slight decrease to budget due to the timing of the disbursement from the State. Licenses and permits and investments (in the miscellaneous category), as well as impact fees, have significantly exceeded budget expectations this fiscal year due to continued development and interest rate increases.

11% less than budget for personnel expenses

Total Budgeted Operating Expenses $70.7M

22% less than budget for operating expenses

69% less than budget for one-time operating expenses

HOW DOES THE TOWN SPEND THE MONEY?

Utilities

Town Manager's Office

Town Clerk

Public Works

Police

Non-Departmental

Magistrate Court

Legal

Information Technology

Human Resources

Finance

Development Services

Council

Community Services

At the end of January, all departments were within their respective personnel and operating budgets. Overall, the Town has a positive variance to budget for the fiscal year to date.

Positive Variance to Budget