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What is the Town's overall financial health?

The Town of Oro Valley’s financial health continues to be strong. Currently, as we are more than halfway through the 2017-18 fiscal year, strong revenue growth continues in our main funds—the General Fund, Highway Fund, Bed Tax Fund and Community Center Fund—especially compared with prior year actuals. Overall, actual revenues are trending either at or above expected levels, and expenditures are trending either at or below expected levels for this time of year.

Impressively, the Town has ended every fiscal year “in the black” for the past five years, with revenues meeting or exceeding expenses. On top of that, the Town of Oro Valley has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for its comprehensive annual financial report for the 23rd year in a row. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting.

To learn more about the Town’s budget and financial health, be sure to take a look at our award-winning Popular Annual Financial Report (PAFR), which is created at the end of each fiscal year.

Click here to view FY 2016-17.