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City of Groves, Texas
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Municipality & ACFR Details
Type
City/Town Government
State
Texas
County
Jefferson County
FY Period
Oct 2022 - Sep 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $2.3M. Total assets were $4.7M against total liabilities of $1.8M. For the General Fund, total revenues were $10.0M and expenditures were $11.4M. After other financing sources and uses, the net change in fund balance was $29K. The operating margin was -13.4%.