Arizona Revised Statutes (A.R.S.) §41-1279.07 requires incorporated cities and towns to prepare an Annual Expenditure Limitation Report (AELR). In addition, financial statements must be prepared in accordance with generally accepted accounting principles (GAAP). On the AELR, total expenditures/expenses/deductions and applicable other financing uses, special items, and extraordinary items reported in the fund financial statements, less expenditures/expenses/deductions made with constitutionally excludable revenues is compared for compliance with the expenditure limitation.
The City of Surprise Annual Expenditure Limitation Reports (AELR) are available for download below.