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City of Desoto, Texas
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Dallas County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Desoto maintained a positive net position of $49.0M, demonstrating financial stability. Total assets of $57.1M compared to liabilities of $6.0M indicate robust financial health, yielding a coverage ratio of 9.45. The government achieved an operating surplus of $7.7M, as revenues of $61.0M outpaced spending of $58.7M. At 12.6%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.