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City of Alamo 2014 Audited Financial Report

original file: Fiscal Year 2014
Alamo

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What is this?

This is the City of Alamo’s audited annual financial report for the fiscal year that ended September 30, 2014. The independent auditor gave an unqualified (clean) opinion that the statements fairly present the city’s financial position, activities, and cash flows in accordance with US GAAP. The report shows the city’s total assets exceeded its liabilities by $545.8 million, a net‑position increase of $2.7 million, and reductions in both governmental and business‑type debt. It also provides details on the general fund’s unassigned balance, the unrestricted net position for water and sewer services, and compares 2014 figures with 2013.

Key figures

Fiscal year end September 30, 2014
Auditor's opinion Unqualified (fair presentation) opinion
Combined assets exceed liabilities $545,758,432
Net position increase $2,711,342
General fund unassigned balance (2014) $53,397,945 (40.39% of total general fund expenditures)
Governmental debt decrease $825,472
Business‑type debt decrease $263,001
Unrestricted net position for water and sewer $7,816,048
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