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City of Altoona
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Pennsylvania
County
Blair County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Altoona reported a net position of $18.4M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $22.9M against liabilities of $4.5M, representing a strong financial position with an assets-to-liabilities ratio of 5.11. Operating results were favorable, with revenues of $34.9M exceeding expenditures of $35.0M by $3.3M. The 9.3% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.