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City of Smithville
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Bastrop County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Smithville show a fund balance of $1.6M, reflecting sound fiscal management. The financial position includes $2.1M in total assets offset by $405.1K in liabilities, reflecting a solid financial foundation at a 5.11 ratio. Fiscal operations produced a negative result, with $6.8M in expenditures against $5.4M in revenues, creating a deficit of $45.6K. The -0.8% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.