Growth and development are two factors that have helped Dripping Springs city officials improve the net position by $743,000 for the year ending Sept. 30, 2016.

According to an independent audit conducted by Donald Allman, the city’s assets also exceeded its liabilities at the close of the fiscal year by $20.4 million.

Michelle Fischer, Dripping Springs city administrator, said the city’s expanding city limits, while also generating sales tax, has led to financial success. In addition,...