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Floresville reports $2.23M unaudited surplus; S&P upgrades city rating two notches
Summary
City finance staff told council the 2024 unaudited results show an overall surplus of $2,232,371 and highlighted reserve balances; Standard & Poor’s upgraded the city’s rating two levels to A‑ with a stable outlook, which staff linked to financial controls and a five‑year CIP plan.
Floresville city staff told the City Council Dec. 12 that unaudited fiscal‑year 2024 results show an overall governmental and enterprise surplus of $2,232,371 and that key fund reserves have grown. The finance presentation listed the water fund reserve at $5,417,597, wastewater reserves at $4,452,136 and a general‑fund reserve of $4,103,841.
City staff credited the turnaround…
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