|
City of Palacios, Texas
Loading map...
Municipality & ACFR Details
Type
Unknown
State
Texas
County
Matagorda County
FY Period
FY 2024
MuniScore
Score not available
Sign up to see the full dashboard
Get the complete financial breakdown, MuniScore details, balance sheets, income statements, and more for City of Palacios, Texas and 14,800+ other municipalities.
Sign up free — 7-day trial
View up to 10 municipality dashboards free during your trial.
No credit card required.
Already have an account?
Log inFinancial Summary
The FY2024 financial statements for City of Palacios show a net position of $937.0K, with assets outpacing liabilities. The financial position includes $1.7M in total assets offset by $422.9K in liabilities, reflecting a solid financial foundation at a 3.91 ratio. Fiscal operations produced a negative result, with $6.7M in expenditures against $6.2M in revenues, creating a deficit of $507.2K. The -8.1% margin reflects substantial fiscal imbalance. All metrics are calculated using Total Governmental Funds data.