Recently, the Town of Marana’s new finance director Yiannis Kalaitzidis briefed the Marana Town Council on the Town finances. In two briefs he covered both an independent audit, as well as giving them an update of the Town’s first quarter financials. Both were positive and the Marana News had a great re-cap of the presentations.
Marana’s budget is in good shape, according to new finance director Yiannis Kalaitzidis, who presented the town’s financial results for the most recent fiscal year and gave a new first quarter update to the mayor and council at their Dec. 18 meeting.
A group of independent auditors found no red flags in the town’s expenditures or revenues, which was great news for the finance department. Kalaitzidis, who began his leadership role in late October, went over highlights of the annual Comprehensive Financial Report.
He said this report is one of the most important because it’s a complete analysis of the town’s finances since its inception, and it communicates the financial health of the town’s government.