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City of Chesapeake
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Chesapeake city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For 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.