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19 20 Fin Statement

March 5, 2021 · Abernathy, TX
Source: 19 20 Fin Statement (PDF)
Retrieved April 25, 2026 from cityofabernathy.org ↗
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Summary

The City of Abernathy's financial report for the fiscal year ended September 30, 2020, presents a comprehensive overview of the city's financial activities. The report includes the city's basic financial statements, such as the statement of net position and the statement of activities, as well as additional information on the city's funds, capital assets, and long-term obligations. According to the report, the city's net position increased by 10% during the fiscal year, with a total net position of $7,825,834. The city's governmental activities reported a net position of $4,247,694, while the business-type activities reported a net position of $3,578,140. The report also highlights the city's revenue and expense trends, with total revenues of $2,849,396 and total expenses of $2,368,267. Overall, the report provides a detailed analysis of the city's financial performance and position, and is intended to provide stakeholders with a clear understanding of the city's financial situation.

Details

Subject
Financial Report
Summary
The City of Abernathy's financial report for the fiscal year ended September 30, 2020, presents a comprehensive overview of the city's financial activities. The report includes the city's basic financial statements, such as the statement of net position and the statement of activities, as well as additional information on the city's funds, capital assets, and long-term obligations. According to the report, the city's net position increased by 10% during the fiscal year, with a total net position of $7,825,834. The city's governmental activities reported a net position of $4,247,694, while the business-type activities reported a net position of $3,578,140. The report also highlights the city's revenue and expense trends, with total revenues of $2,849,396 and total expenses of $2,368,267. Overall, the report provides a detailed analysis of the city's financial performance and position, and is intended to provide stakeholders with a clear understanding of the city's financial situation.
Report Date
2020-09-30
Report Type
annual
Report Title
Annual Financial Report
Authoring Body
City of Abernathy
Reporting Period
Fiscal Year 2020