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Alamo FY 2017‑2018 Adopted City Budget Overview

original file: Fiscal Year 2017-2018
Alamo

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What is this?

The document is the City of Alamo’s adopted budget for fiscal year 2017‑2018. It details the city’s expected revenues (mainly property and sales taxes), expenditures, tax‑rate changes, and major funding allocations for services such as police, fire, streets, parks, a new museum, and community programs. The budget shows an 8.4 % rise in property‑tax revenue, a lower effective tax rate, and a modest deficit that will be covered by the existing fund balance.

Key figures

General Fund revenue $9,134,760
General Fund expenditures $9,495,555
Property‑tax revenue increase $255,060 (8.40 %)
Revenue from new property added $95,913
Effective property tax rate (2017‑2018) $0.5565 per $100
Unreserved fund balance (Sept 30 2017) $4,365,650
Assessed taxable valuation $611,411,742 (up 7.43 %)
Funding for Boys & Girls Club program $40,000
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