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City of Lynchburg, Virginia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Lynchburg city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Lynchburg maintained a positive net position of $75.0M, demonstrating financial stability. Total assets of $117.9M compared to liabilities of $23.1M indicate robust financial health, yielding a coverage ratio of 5.11. The government recorded an operating deficit of $21.4M, as spending of $221.1M outpaced revenues of $226.7M. At -9.4%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.