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City of Bay City, Texas
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Matagorda County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Bay City reported a net position of $17.7M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $19.9M against liabilities of $2.2M, representing a strong financial position with an assets-to-liabilities ratio of 9.03. Operating results were favorable, with revenues of $17.1M exceeding expenditures of $16.1M by $195.4K. The 1.1% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.