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City of Roanoke
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Roanoke city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Roanoke maintained a positive fund balance of $72.5M, demonstrating financial stability. Total assets of $104.6M compared to liabilities of $19.4M indicate robust financial health, yielding a coverage ratio of 5.39. The government achieved an operating surplus of $2.4M, as revenues of $374.4M outpaced spending of $342.2M. At 0.7%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.