Alva revenues down $5 million from two years ago
July 23, 2017
After two or three years of enjoying an oil and gas boom and the associated growing pains, Alva is experiencing a sharp decline in the city budget. City Business Manager Joe Don Dunham presented the Alva City Council with a monthly financial report as well as an analysis of the fiscal year ending June 30.
Dunham said the theme for the budget year â€śhas been consistent declining revenuesâ€ť and control of expenditures. FY2016-2017 revenues were down 17 percent from the preceding year (FY 2015-2016) and 35 percent compared to FY2014-2015. In other words, city revenue has decreased by about $...