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City of Norfolk, Nebraska
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Nebraska
County
Madison County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Norfolk reported a fund balance of $13.3M, reflecting a healthy financial position. The balance sheet reflects total assets of $14.2M against liabilities of $580.7K, representing a strong financial position with an assets-to-liabilities ratio of 24.46. Operating results were favorable, with revenues of $30.4M exceeding expenditures of $27.2M by $835.5K. The 2.7% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.