The Popular Annual Financial Report (PAFR) for South Padre Island summarizes the city’s financial activity for the fiscal year that ran from October 1, 2021 to September 30, 2022. It presents the city’s net position, revenues, expenditures, and highlights major projects and grants. The report also notes the city’s recent awards for financial reporting, the amount of sales‑tax and hotel‑occupancy‑tax collections, and details spending on shoreline protection, infrastructure upgrades, public safety equipment, and a new museum grant.
| Certificate of Achievement for Excellence in Financial Reporting – consecutive years received | 32 years |
| Distinguished Budget Presentation Award – consecutive years received | 11 years |
| Outstanding Achievement in Popular Annual Financial Reporting – consecutive years received | 3 years |
| Sales tax collections for FY 2022 | $5,277,997.47 |
| Coastal Management Program grant for shoreline projects | $440,000 |
| Texas Parks and Wildlife Department grant for engineering/permits | $140,000 |
| PR 100 Median, Sidewalk and Boardwalk project total cost | Approximately $8 million (funded by 2% Venue Tax) |
| Laguna Boulevard project total cost after savings | Approximately $4.6 million (after $478,000 savings) |