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Annual financial report

La Joya City 2024 Audited Financial Report Summary

original file: Comprehensive Financial Audit Report, Fiscal Year 2024
La Joya

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What is this?

This is the City of La Joya’s audited annual financial report for the fiscal year ending September 30 2024. An independent CPA, Guillermo Reyna, issued an unqualified opinion that the city’s government‑wide, governmental fund, and business‑type fund statements fairly present its financial position, results of operations, and cash flows. The report shows the city’s total net position grew by $2.26 million to $18.68 million, with governmental activities at $13.94 million and business‑type activities at $4.74 million. The General Fund ended with a $3.09 million unreserved balance, up from $2.16 million the prior year, and governmental assets exceeded liabilities by $18.68 million.

Key figures

Net position increase (FY 2024) $2,261,876
Total net position ending balance $18,680,981
Governmental activities net position $13,937,389
Business‑type activities net position $4,743,592
General Fund unreserved balance (2024) $3,086,470
General Fund unreserved balance (2023) $2,155,720
Governmental assets exceed liabilities by $18,683,118
Auditor's opinion Unqualified (fair presentation) – issued June 24 2025
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