Type
Municipality-General Purpose Government
State
Virginia
County
Chesapeake city
FY Period
FY 2024

Score not available
Get the complete financial breakdown, MuniScore details, balance sheets, income statements, and more for City of Chesapeake and 14,800+ other municipalities.
View up to 10 municipality dashboards free during your trial.
No credit card required.
Already have an account?
Log inFor FY2024, City of Chesapeake reported a net position of $459.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $564.6M against liabilities of $23.2M, representing a strong financial position with an assets-to-liabilities ratio of 24.35. Operating results were favorable, with revenues of $785.7M exceeding expenditures of $654.6M by $39.4M. The 5.0% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.