The document is the City of South Padre Island’s Annual Comprehensive Financial Report (ACFR) for the fiscal year that ended on September 30, 2021. It presents the city’s audited financial statements, the independent auditors’ opinion, management’s discussion of operations, statistical data, and supplemental schedules for every fund. The report also highlights major initiatives – a new comprehensive plan, the near‑completion of Phase II of John L. Tompkins Park (90 % funded), and a $7.53 million public‑works project that added 3.7 miles of medians and new traffic signals. The city notes an AA+ general‑obligation bond rating, a six‑month operating reserve, and a low property‑tax rate, indicating a strong fiscal position.
| Fiscal year end | September 30, 2021 |
| City land area | 2.5 square miles |
| Resident population | ≈ 2,818 |
| General‑obligation bond rating | AA+ |
| Operating reserve | Six months |
| Infrastructure project cost | $7,530,000 |
| Center medians built | 3.7 miles |
| Tompkins Park Phase II grant completion | 90 % |