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City of Garland, 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
For FY2024, City of Garland reported a net position of $78.3M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $97.7M against liabilities of $19.4M, representing a strong financial position with an assets-to-liabilities ratio of 5.04. Operating results were favorable, with revenues of $212.6M exceeding expenditures of $259.5M by $6.0M. The 2.8% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.