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City of Richland Hills
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Municipality & ACFR Details
Type
Unknown
State
Texas
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Richland Hills show a fund balance of $4.8M, reflecting sound fiscal management. The financial position includes $6.6M in total assets offset by $756.3K in liabilities, reflecting a solid financial foundation at a 8.71 ratio. Fiscal operations produced a positive result, with $10.6M in revenues against $9.2M in expenditures, leaving a surplus of $683.3K. The 6.5% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.