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City of Kemp
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Municipality & ACFR Details
Type
Unknown
State
Texas
County
Kaufman County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Kemp show a net position of $154.6K, with assets outpacing liabilities. The financial position includes $578.0K in total assets offset by $382.6K in liabilities, reflecting favorable financial conditions at a 1.51 ratio. Fiscal operations produced a positive result, with $1.4M in revenues against $1.4M in expenditures, leaving a surplus of $174.8K. The healthy 12.8% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.