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City of Gainesville, Tx
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Cooke County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Gainesville maintained a positive net position of $10.8M, demonstrating financial stability. Total assets of $13.1M compared to liabilities of $1.1M indicate robust financial health, yielding a coverage ratio of 11.53. The government achieved an operating surplus of $2.1M, as revenues of $21.6M outpaced spending of $20.3M. At 9.9%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.