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City of Springtown
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Municipality & ACFR Details
Type
Non-Profit Housing Organization
State
Texas
County
Parker County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Springtown maintained a positive fund balance of $2.8M, demonstrating financial stability. Total assets of $3.9M compared to liabilities of $537.9K indicate robust financial health, yielding a coverage ratio of 7.16. The government achieved an operating surplus of $209.4K, as revenues of $6.0M outpaced spending of $5.4M. At 3.5%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.