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City of Plano, Texas
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Texas
County
Collin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Plano maintained a positive fund balance of $51.0M, demonstrating financial stability. Total assets of $84.6M compared to liabilities of $14.0M indicate robust financial health, yielding a coverage ratio of 6.03. The government recorded an operating deficit of $10.7M, as spending of $357.1M outpaced revenues of $363.1M. At -2.9%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.