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City of Pasadena, Texas
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Harris County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Pasadena reported a fund balance of $4.4M, reflecting a healthy financial position. The balance sheet reflects total assets of $6.0M against liabilities of $1.1M, representing a strong financial position with an assets-to-liabilities ratio of 5.56. Operating results showed a shortfall, with expenditures of $4.6M exceeding revenues of $3.9M by $726.7K. The -18.7% margin indicates a significant revenue-expenditure gap. All metrics are calculated using General Fund data.