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Alamo FY 2018‑2019 Adopted City Budget Overview

original file: Fiscal Year 2018-2019
Alamo

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What is this?

This document is the City of Alamo’s adopted budget for fiscal year 2018‑2019. It outlines the projected revenues (mainly from property taxes), expenditures, tax rates, and specific spending priorities such as police staffing, street improvements, parks, a new youth center, and employee benefits. It also records the City Council’s vote to adopt the budget, notes an award for budget presentation, and provides a comparison of tax rates with the prior year.

Key figures

General Fund revenue $9,828,315
General Fund expenditures $10,511,460
Property tax rate (FY 2018‑2019) $0.5817 per $100
Increase in property tax revenue from 2017‑2018 $254,206 (9.42%)
Revenue from new property added $75,108
Assessed taxable valuation $634,860,998
Unreserved fund balance (Sept 30, 2017) $4,437,711
Funding for new Youth Center $150,481
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