What are Carryforwards?
Carryforwards are nonlocal (excludable) revenues as defined by the Arizona Constitution, Article IX, 20 that remain unspent at the end of a fiscal year. Such amounts may be carried forward to subsequent fiscal years and exclusions claimed when the carried forward revenues are spent. Carryforwards should be specifically identified in the countys accounting records by fund as to the nature of the exclusion, the amount of the carryforward, and the fiscal year in which the carryforward was generated.
