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City of Richwood, Texas
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Municipality & ACFR Details
Type
Unknown
State
Texas
County
Brazoria County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Richwood closed FY2024 with a fund balance of $2.4M, indicating a solid financial foundation. With $3.0M in assets and $479.6K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 6.27. Expenditures of $5.1M exceeded revenues of $4.6M, resulting in a $482.9K deficit. A -10.5% margin points to structural budget challenges. All metrics are calculated using General Fund data.