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City of New Albany
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Municipality & ACFR Details
Type
Unknown
State
Ohio
County
Franklin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of New Albany show a net position of $67.5M, with assets outpacing liabilities. The financial position includes $74.9M in total assets offset by $1.0M in liabilities, reflecting a solid financial foundation at a 72.94 ratio. Fiscal operations produced a positive result, with $54.2M in revenues against $29.4M in expenditures, leaving a surplus of $15.6M. The healthy 28.8% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.