FY 2026 City Manager’s Recommended Budget Updated 08/27/2025
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The City of Huntsville's financial statements for fiscal years ending September 30, 2010 and 2009 present comprehensive financial information for three component utility systems: Electric, Natural Gas, and Water. The document explains that each system operates independently and must support its operations through its own revenue, with financial statements prepared using Generally Accepted Accounting Principles as established by the Governmental Accounting Standards Board, while also complying with Federal Energy Regulatory Commission mandates. The statements include balance sheets detailing assets and liabilities, along with statements of revenues, expenses, and changes in net assets to measure operational success and cost recovery through rates and fees.
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