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City of Corsicana, Texas
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Municipality & ACFR Details
Type
Unknown
State
Texas
County
Navarro County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Corsicana closed FY2024 with a net position of $6.2M, indicating a solid financial foundation. With $8.8M in assets and $1.5M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 5.83. Revenues totaling $32.2M surpassed expenditures of $36.0M, generating a $11.8M surplus. A 36.7% margin demonstrates effective financial stewardship. All metrics are calculated using Total Governmental Funds data.