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City of Hartselle, Alabama
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Municipality & ACFR Details
Type
Unknown
State
Alabama
County
Morgan County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Hartselle maintained a positive net position of $38.9M, demonstrating financial stability. Total assets of $39.7M compared to liabilities of $788.3K indicate robust financial health, yielding a coverage ratio of 50.34. The government recorded an operating deficit of $5.2M, as spending of $30.5M outpaced revenues of $25.4M. At -20.3%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.