Overview
The City of Guntersville closed fiscal year 2025 (ended September 30, 2025) with governmental-fund revenues of $42,690,638 against expenditures of $50,715,485 — a deficiency of $8,024,847 — partly offset by $3,361,366 of net other financing sources, for a net decrease in fund balances of $4,663,481, from a restated beginning balance of $34,056,135 to $29,392,654. On the government-wide statement, governmental activities held net position of $79,460,552 at September 30, 2025, up from $75,603,100 restated at the start of the year. The audit opinion on the basic financial statements is unmodified, with the Board of Education component unit audited by another auditor. The auditors also reported two material weaknesses in internal control (findings 2024-001 and 2024-002).
Source: City of Guntersville, Alabama, Annual Financial Reports and Independent Auditor's Report, September 30, 2025 (Examiners report 26R-967), Statements of Net Position, Activities, and Governmental Funds.
At a glance
Revenues — FY2025
Governmental-fund revenues re-add exactly to $42,690,638. Sales and use tax alone is $27,033,877 — about 63% of all governmental-fund revenue.
| Revenue | Amount |
|---|---|
| Sales and use tax | $27,033,877 |
| Property taxes and payments in lieu | $5,269,587 |
| Intergovernmental | $3,118,482 |
| Charges for services | $2,371,296 |
| Licenses and permits | $1,472,902 |
| Investment earnings | $1,325,130 |
| Alcoholic beverage tax | $855,126 |
| Other revenues | $556,848 |
| Fines | $479,480 |
| Motor fuel tax | $162,582 |
| Franchise tax | $40,254 |
| Donations and fund raising | $5,074 |
| Total | $42,690,638 |
Source: City of Guntersville FY2025 audit (26R-967), Statement of Revenues, Expenditures, and Changes in Fund Balances — Governmental Funds.
Expenditures & fund balances
Expenditures re-add exactly to $50,715,485. Capital outlay ($11,832,041) and general government ($12,810,647, which includes $2,340,596 of ad valorem 9-mill pass-through and $6,292,441 of gross receipts tax fund spending) are the two largest lines.
| Expenditure | Amount |
|---|---|
| General government | $12,810,647 |
| Capital outlay | $11,832,041 |
| Police protection | $5,287,831 |
| Fire protection | $4,542,655 |
| Maintenance | $3,823,498 |
| Debt service — interest | $3,082,020 |
| Debt service — principal | $3,062,842 |
| Recreation | $1,666,865 |
| Health and sanitation | $1,600,792 |
| All other functions, issuance costs | $3,006,294 |
| Total | $50,715,485 |
Fund walk: $42,690,638 − $50,715,485 = −$8,024,847; plus net other financing sources of $3,361,366 (including transfers in of $10,143,368 against transfers out of $10,143,368, sale proceeds of $120,598, insurance recoveries of $17,857, and $3,222,911 from the component unit) = net change −$4,663,481; $34,056,135 − $4,663,481 = $29,392,654. General Fund budget comparison: budgeted revenues were $33,361,824 against actual $32,947,283 (−$414,541), and budgeted expenditures were $41,028,889 against actual $35,459,305 (+$5,569,584 favorable, mostly capital outlay $5,286,148 under budget); the General Fund balance rose $4,591,242 against a budgeted increase of $187,935, ending at $24,114,759 (including unassigned $19,628,949). Disclosure — “all other”: the $3,006,294 line aggregates city court, city garage, transportation, recycling, senior citizens, airport, library, museum, industrial development, other, and $6,215 of issuance costs, each as printed in the statement; it is an arithmetic grouping by this page, not a printed audit line. Check: $12,810,647 + $11,832,041 + $5,287,831 + $4,542,655 + $3,823,498 + $3,082,020 + $3,062,842 + $1,666,865 + $1,600,792 + $3,006,294 = $50,715,485.
Source: City of Guntersville FY2025 audit (26R-967), Governmental Funds statement and General Fund Budget and Actual schedule.
Debt & position
| Item | Amount |
|---|---|
| Governmental activities total assets | $190,958,949 |
| Governmental activities total liabilities | $107,496,987 |
| Deferred outflows / inflows | $4,043,139 / $8,044,549 |
| Net position, governmental activities | $79,460,552 |
| General obligation bonds payable | $88,329,675 |
| Notes payable | $909,212 |
| Leases payable | $738,779 |
| Net pension liability | $9,844,887 |
| Assessed value, 2025 | $254,704,820 |
| Debt limit (20% of assessed value) | $50,940,964 |
| GO debt chargeable to the limit | $26,377,666 |
| Legal debt margin | $24,563,298 |
Position check: $190,958,949 + $4,043,139 − $107,496,987 − $8,044,549 = $79,460,552. Disclosure — debt-service schedule scope: the schedule's grand total of $137,841,408 includes $96,662,313 of Guntersville City Board of Education debt service under the funding agreement; subtracting it gives the City's own $41,179,095. The $137,841,408 figure must not be quoted as city debt. The two largest city warrant issues in the schedule are the 2023 warrants ($15,630,000 principal) and the 2024 warrants ($19,360,000 principal). Disclosure — component unit: the Board of Education is a discretely presented component unit (assets $122,608,706, net position $5,581,522) audited by another auditor; its figures are NOT included in any city total on this page. Disclosure — findings: the auditors identified material weaknesses 2024-001 and 2024-002 in internal control over financial reporting; no instances of reportable noncompliance were disclosed. City officials at September 30, 2025: Mayor Leigh Dollar; Council Sanchez Watkins, Larry Wilson, John Myers, Carson Ray, Donald Myers, Rich Russell, Randy Whitaker; Clerk Betty Jones.
Source: City of Guntersville FY2025 audit (26R-967), Statement of Net Position, Debt Limit and Debt Service schedules, Directory of City Officials, and findings schedule.
Sources & notes
- Source used: City of Guntersville, Alabama, Annual Financial Reports and Independent Auditor's Report, fiscal year ended September 30, 2025 (MDA Professional Group, P.C., Albertville, Alabama; Examiners report 26R-967) Read the source document.
- Report date — corrected on full-document retrieval: the availability record's retrieved excerpt stated no report/filed date. On pulling the full document, the auditor's internal-control report inside it is dated September 8, 2026 (Albertville, Alabama); that date is reported here for that report, and no separate opinion date is claimed beyond what the document states. The fiscal content is the year ended September 30, 2025 throughout.
- Sum checks: revenues re-add to $42,690,638; expenditures re-add to $50,715,485; $42,690,638 − $50,715,485 + $3,361,366 = −$4,663,481; $34,056,135 − $4,663,481 = $29,392,654; net position $190,958,949 + $4,043,139 − $107,496,987 − $8,044,549 = $79,460,552; debt limit $50,940,964 − $26,377,666 = $24,563,298.
- Identity: this is the City of Guntersville, Alabama, seat of Marshall County. Marshall County is a separate government and is not consolidated here; the Board of Education component unit is likewise excluded from city totals.
- No hero photo: no freely-licensed photo with a license name confirmed on its source page was verified for Guntersville within the attempt cap, so this page ships without a photo rather than with a generic substitute.
- Jurisdiction palette: no verified jurisdiction palette was established for this city, so this page uses the neutral Hometown Numbers dark-glass theme rather than a jurisdiction color.