Adopted Annual Operating and Capital Budgets The Alamo RMA operates on a fiscal year basis, which runs from October 1 to September 30 the following year.
The operating budget covers the operating costs of the Alamo RMA, including salaries and benefits, office space rental, and as needed professional services.
The capital budget includes the costs related to ongoing environmental impact statements, engineering work, and construction activities both active and anticipated as part of the project development process.
Both budgets are presented on an annual basis to the Alamo RMA Board of Directors, and the recent fiscal year budgets are shown below, with the accompanying PowerPoint presentations made during the budget presentations.
Additionally, as part of each budget cycle, the Alamo RMA brings forward, for consideration by the Board of Directors, a revised budget toward the end of the fiscal year, prior to the adoption of the upcoming fiscal year budget. The revised budget information is included in the proposed budget presentation and is part of the routine process undertaken by the Alamo RMA.
Monthly financial statements, which are unaudited, are included at each regular meeting of the Board of Directors and can be accessed under "Board Meetings" as part of this website.
In accordance with § 370.182. of the Texas Transportation Code, the Alamo RMA has an independent audit conducted each year. The annual audit is also included within the required annual report issued in the first quarter of each year by the Alamo RMA. The annual report is included on this website, under the News Center section.
The audited financial statements are undertaken in accordance with the Government Auditing Standards and the State of Texas Single Audit Circular.