curlyphries
Pa Mi Gente Español
Annual financial report

South Padre Island FY 2024‑2025 Annual Financial Report

original file: Annual Comprehensive Financial Report FY 2024-2025
South Padre Island

Open the original document

AI-generated summary — always verify against the original document above.

What is this?

The City of South Padre Island’s Annual Comprehensive Financial Report for the fiscal year that ended September 30, 2025. It contains the audited government‑wide and fund financial statements, the auditor’s opinion, management’s discussion, and many supplemental schedules that detail the city’s revenues, expenditures, debt, taxes, demographics and major projects such as the Laguna Boulevard reconstruction.

Key figures

Full‑time residential population ≈ 2,891 persons
City land area ≈ 2.5 sq mi
Fiscal year end September 30, 2025
Report issuance date March 26, 2026
Design cost savings for Laguna Boulevard project ≈ $478,000
Total construction cost for Laguna Boulevard reconstruction ≈ $6,500,000
Operating reserve Six‑month reserve
General‑obligation bond rating AA+
Generated by gpt-oss:120b