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Annual financial report

Brownsville 2016 Comprehensive Annual Financial Report (CAFR)

original file: 2016 AFR (PDF)
Brownsville

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What is this?

This document is the City of Brownsville’s Comprehensive Annual Financial Report (CAFR) for the fiscal year that ended on September 30, 2016. It contains the audited financial statements prepared in accordance with GAAP, the auditor’s unmodified opinion, a Single Audit covering federal and state awards, and management’s discussion of the city’s finances, internal controls, and major projects such as the SpaceX launch site. The report also describes the city’s population, government structure, component entities, and the budget process.

Key figures

Fiscal year end September 30, 2016
Auditor's opinion Unmodified (clean) opinion
Population (2010) 175,023 (25.27% increase since 2000)
Median age 27 years (national average 36.5 years)
SpaceX project impact 200‑250 construction jobs; ~15,000 annual visitors; 18‑24 month construction timeline; first launch expected in 2018
Proposition One tax change ¼ cent reduction in 4A sales tax and ¼ cent addition in 4B sales tax; passed by 754‑vote margin (2,840 For, 2,086 Against) on Nov 6, 2001; effective Apr 1, 2002
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