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City of Danville, Va
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Danville city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Danville reported a net position of $236.4M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $273.0M against liabilities of $36.6M, representing a strong financial position with an assets-to-liabilities ratio of 7.45. Operating results were favorable, with revenues of $140.2M exceeding expenditures of $135.2M by $5.0M. The 3.6% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.