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City of Alamo FY 2024 Comprehensive Financial Report

original file: Fiscal Year 2024
Alamo

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What is this?

The City of Alamo’s Annual Comprehensive Financial Report for the fiscal year ending September 30 2024 presents the city’s financial condition, audit results, economic outlook, and budget details. An independent CPA, Adrian Webb, gave a clean (unmodified) opinion on the statements. The report highlights property‑tax values, tax rates, unemployment, sales‑tax trends, bond rating, and basic demographic data.

Key figures

Fiscal year end September 30, 2024
Total property tax valuation $1,132,640,298 (up 5% YoY)
Property tax rate $0.5801 per $100 of assessed value
Unemployment rate (Hidalgo County, 2024) 7.20%
Sales tax collections change -3% compared to FY 2022‑23
Bond rating (General Obligation) S&P A+
Estimated population ≈ 20,241 residents
Land area 7.10 square miles
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