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City of Fate, Texas
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Municipality & ACFR Details
Type
Unknown
State
Texas
County
Rockwall County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Fate show a net position of $8.3M, with assets outpacing liabilities. The financial position includes $9.4M in total assets offset by $777.3K in liabilities, reflecting a solid financial foundation at a 12.15 ratio. Fiscal operations produced a positive result, with $15.3M in revenues against $15.3M in expenditures, leaving a surplus of $1.9M. The healthy 12.3% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.