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City of Alamo FY 2020‑2021 Adopted Budget

original file: Fiscal Year 2020-2021
Alamo

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What is this?

The document is the City of Alamo’s adopted budget for the fiscal year 2020‑2021. It outlines the property‑tax rate, projected revenues and expenditures, and how the city will fund a $507,869 shortfall using its existing fund balance. It also lists major grants and program funding, and notes that the budget was approved unanimously by the city commission.

Key figures

Property tax revenue increase $272,868 (7.2%)
New property tax revenue $149,446
General Fund revenues $10,547,655
General Fund expenditures $11,055,524
Budget shortfall (to be covered by fund balance) $507,869
Unreserved fund balance (Sept 30 2019) $3,769,911
Assessed taxable value $729,203,764 (7% increase over prior year)
Property tax rate $0.5817 per $100 assessed valuation
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