City of Huntsville, Alabama Electric, Natural Gas, and Water Systems
BudgetAI Summary
This document is a financial audit report for the City of Huntsville, Alabama's Electric, Natural Gas, and Water Systems for the fiscal year ended September 30, 2019. The report presents audited financial statements including statements of net position, revenues and expenses, cash flows, and fiduciary accounts, along with management's discussion and analysis and supplementary information. The independent auditors conducted the audit in accordance with generally accepted auditing standards to provide reasonable assurance that the financial statements are free from material misstatement.
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More budgets from Huntsville
- Budget
The City of Huntsville, Alabama adopted its Fiscal Year 2022 annual budget (beginning October 1, 2021) with total revenues projected at $417.4 million, representing significant growth across major revenue sources including sales and use taxes ($249.5 million), ad valorem taxes ($88.3 million), and license fees ($24.7 million). The budget document identifies the city's administrative structure under Mayor Tommy Battle and City Administrator John Hamilton, with departments spanning public safety, community services, infrastructure, and economic development. The city's jurisdiction expanded to 221.76 square miles by 2021, with the budget prepared by the Finance Department under Director Penny L. Smith.