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City of Fairfax, Virginia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Fairfax city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Fairfax reported a net position of $43.6M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $106.2M against liabilities of $18.6M, representing a strong financial position with an assets-to-liabilities ratio of 5.72. Operating results were favorable, with revenues of $191.0M exceeding expenditures of $181.5M by $28.9M. The 15.2% operating margin reflects strong fiscal management. All metrics are calculated using Total Governmental Funds data.