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City of Palestine, Texas
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Anderson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Palestine reported a fund balance of $10.8M, reflecting a healthy financial position. The balance sheet reflects total assets of $13.0M against liabilities of $1.2M, representing a strong financial position with an assets-to-liabilities ratio of 10.47. Operating results showed a shortfall, with expenditures of $20.5M exceeding revenues of $19.6M by $569.6K. The -2.9% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.