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City of Friendswood, Texas
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Municipality & ACFR Details
Type
City/Town Government
State
Texas
County
Galveston County
FY Period
Oct 2022 - Sep 2023
MuniScore
Score not available
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Log inFinancial Summary
The FY2023 financial statements for City of Friendswood show a net position of $16.7M, with assets outpacing liabilities. The financial position includes $20.6M in total assets offset by $2.4M in liabilities, reflecting a solid financial foundation at a 8.45 ratio. Fiscal operations produced a negative result, with $38.8M in expenditures against $35.8M in revenues, creating a deficit of $646.2K. The -1.8% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.