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City of Lubbock, Texas
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Lubbock County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Lubbock maintained a positive net position of $94.8M, demonstrating financial stability. Total assets of $108.6M compared to liabilities of $10.7M indicate robust financial health, yielding a coverage ratio of 10.18. The government achieved an operating surplus of $1.9M, as revenues of $273.8M outpaced spending of $247.7M. At 0.7%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.