Type
Unknown
State
Texas
County
Gaines County
FY Period
FY 2024

Score not available
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Log inThe FY2024 financial statements for City of Seagraves reveal a fund balance of -$30.2M, with accumulated deficits. The financial position includes $250.1M in total assets offset by $260.7M in liabilities, reflecting balance sheet stress at a 0.96 ratio. Fiscal operations produced a negative result, with $288.8M in expenditures against $219.6M in revenues, creating a deficit of $69.2M. The -31.5% margin reflects substantial fiscal imbalance. All metrics are calculated using Total Governmental Funds data.