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City of Magnolia, Texas
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Municipality & ACFR Details
Type
Unknown
State
Texas
County
Montgomery County
FY Period
Sep 2020 - Sep 2021
MuniScore
Score not available
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Log inFinancial Summary
For FY2021, this municipality reported a total fund balance of $2.5M. Total assets were $3.5M against total liabilities of $872K. For the General Fund, total revenues were $4.4M and expenditures were $3.6M. After other financing sources and uses, the net change in fund balance was $605K. The operating margin was 17.2%.