curlyphries
Pa Mi Gente Español
Document library

Alamo FY 2016‑2017 City Budget Overview

original file: Fiscal Year 2016-2017
Alamo

Open the original document

AI-generated summary — always verify against the original document above.

What is this?

The City of Alamo’s FY 2016‑2017 budget outlines a modest 1 % property‑tax increase of $25,155, a lower tax rate of $0.5810 per $100 assessed value, and the projected revenues and expenses for all its funds. The General Fund expects $8.94 million in revenue and $9.14 million in spending, creating a $199,148 shortfall that will be covered by the existing $4.87 million unreserved fund balance. The budget also details debt‑service payments of $13.49 million, utility revenues of $3.73 million, and hotel‑occupancy tax revenues of $129,350, along with specific capital purchases for police, fire, parks, and streets.

Key figures

Property tax increase $25,155 (1 % increase)
Property tax rate FY 2016‑2017 $0.5810 per $100 assessed valuation
General Fund revenues $8,944,877
General Fund expenditures $9,144,025
Unreserved fund balance (Sept 30 2016) $4,868,219 (≈53 % of operating expenditures)
Total debt service obligations $13,490,106 (principal $11,190,000; interest $2,300,106)
Utility Fund projected revenue $3,727,788
Hotel occupancy tax revenue $129,350
Generated by gpt-oss:120b