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City of Sour Lake
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Municipality & ACFR Details
Type
Unknown
State
Texas
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Sour Lake reported a net position of $3.1M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $3.8M against liabilities of $149.8K, representing a strong financial position with an assets-to-liabilities ratio of 25.08. Operating results showed a shortfall, with expenditures of $2.2M exceeding revenues of $1.7M by $532.9K. The -31.1% margin indicates a significant revenue-expenditure gap. All metrics are calculated using General Fund data.