FY2024 Annual Comprehensive Financial Report
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The FY2024 Annual Comprehensive Financial Report for the City of Fort Worth, Texas covers the fiscal year ended September 30, 2024, and includes financial statements, management analysis, and audit information prepared by the Department of Financial Management Services. The document outlines the city's elected officials, city manager, and key financial staff responsible for preparing comprehensive financial reporting and accounting. The report contains introductory sections, financial statements including government-wide and fund financial statements, an independent auditor's report, and management's discussion and analysis of financial performance.
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The City of Fort Worth adopted its Fiscal Year 2024-2025 Annual Budget, which increases property tax revenue by $11,601,369 (1.58 percent) compared to the previous year, with an additional $25,987,428 expected from newly added properties. The City Council unanimously approved the budget with all 11 members voting in favor. The municipal property tax rate remains unchanged at $0.672500, while the total outstanding municipal debt obligations secured by property taxes stands at $1,335,366,771.
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