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City of Charlotte
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Mecklenburg County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Charlotte reported a net position of $244.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $313.8M against liabilities of $44.9M, representing a strong financial position with an assets-to-liabilities ratio of 6.99. Operating results were favorable, with revenues of $860.4M exceeding expenditures of $818.0M by $42.4M. The 4.9% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.