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City of Alton, Tx
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Hidalgo County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Alton reported a net position of $2.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $3.7M against liabilities of $495.1K, representing a strong financial position with an assets-to-liabilities ratio of 7.55. Operating results were favorable, with revenues of $7.0M exceeding expenditures of $8.2M by $274.5K. The 3.9% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.