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City of Port Aransas, Texas
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Port Aransas maintained a positive fund balance of $15.7M, demonstrating financial stability. Total assets of $16.7M compared to liabilities of $893.5K indicate robust financial health, yielding a coverage ratio of 18.65. The government recorded an operating deficit of $3.4M, as spending of $15.6M outpaced revenues of $16.0M. At -21.2%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.