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Town of Gate City, Virginia
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Municipality & ACFR Details
Type
Unclassified
State
Virginia
County
Scott County
FY Period
Jul 2022 - Jun 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $1.0M. Total assets were $2.8M against total liabilities of $205K. For the General Fund, total revenues were $1.8M and expenditures were $2.3M. After other financing sources and uses, the net change in fund balance was $234K. The operating margin was -32.3%.