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Town of Elkton, Virginia
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Municipality & ACFR Details
Type
Unknown
State
Virginia
County
Rockingham County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Town of Elkton show a net position of $1.1M, with assets outpacing liabilities. The financial position includes $3.9M in total assets offset by $2.2M in liabilities, reflecting favorable financial conditions at a 1.76 ratio. Fiscal operations produced a positive result, with $5.2M in revenues against $5.3M in expenditures, leaving a surplus of $92.3K. The modest 1.8% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.