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City of Childress
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Municipality & ACFR Details
Type
Unknown
State
Texas
County
Childress County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Childress show a net position of $2.1M, with assets outpacing liabilities. The financial position includes $2.5M in total assets offset by $450.4K in liabilities, reflecting a solid financial foundation at a 5.56 ratio. Fiscal operations produced a negative result, with $793.0K in expenditures against $648.2K in revenues, creating a deficit of $144.8K. The -22.3% margin reflects substantial fiscal imbalance. All metrics are calculated using Total Governmental Funds data.