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City of Saginaw, Texas
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Municipality & ACFR Details
Type
Unknown
State
Texas
County
Tarrant County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Saginaw maintained a positive fund balance of $14.7M, demonstrating financial stability. Total assets of $21.5M compared to liabilities of $6.5M indicate robust financial health, yielding a coverage ratio of 3.30. The government achieved an operating surplus of $788.4K, as revenues of $22.9M outpaced spending of $24.3M. At 3.4%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.