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City of Hampton
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Hampton city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Hampton maintained a positive net position of $150.3M, demonstrating financial stability. Total assets of $216.2M compared to liabilities of $49.4M indicate robust financial health, yielding a coverage ratio of 4.38. The government achieved an operating surplus of $15.2M, as revenues of $501.1M outpaced spending of $481.4M. At 3.0%, the margin reflects a balanced fiscal approach. All metrics are calculated using Total Governmental Funds data.