The City of South Padre Island’s Comprehensive Annual Financial Report (CAFR) for the fiscal year ending September 30 2012 presents audited government‑wide and fund financial statements, an independent auditor’s opinion, and a management discussion. It shows the city’s net assets of $30.09 million, a $1.79 million increase in net assets, fund balances of $12.49 million (with $1.25 million unassigned and $4.94 million assigned reserves), and a $0.69 million reduction in total debt. The report also includes demographic data (5,900 residents, 30,000 average daily population) and a description of city services and organizational structure.
| Net assets (assets minus liabilities) | $30,089,674 |
| Unrestricted net assets | $5,697,496 |
| Increase in total net assets during FY | $1,794,533 |
| Combined governmental fund balances | $12,494,597 |
| Unassigned fund balance (≈10% of total) | $1,246,932 |
| Assigned reserve fund balance (≈40% of total) | $4,937,269 |
| Restricted fund balance (≈49% of total) | $6,139,964 |
| Total debt reduction | $690,000 |