The City of South Padre Island’s Annual Comprehensive Financial Report presents the official accounting of the city’s finances for the fiscal year that ended on September 30 2023. It includes the city’s basic financial statements (statement of net position, statement of activities, fund balance sheets, and revenues/expenditures), the independent auditor’s opinion, management’s discussion and analysis, detailed budget comparison schedules for each fund, statistical data on taxes, debt and demographics, and reports on internal control and compliance. The report is meant to give residents a clear, GAAP‑based picture of how city money was collected, spent and managed during the year.
| Fiscal year end | September 30 2023 |
| Full‑time residential population | approximately 2,386 residents |
| City land area | approximately 2.5 square miles |
| General‑obligation bond rating | AA+ |
| Operating reserve | six months of operating expenses |
| City council composition | 1 Mayor + 5 Council Members |
| Term length for mayor and council members | three‑year staggered terms |