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City of Poquoson, Virginia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Poquoson city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Poquoson show a fund balance of $18.8M, reflecting sound fiscal management. The financial position includes $22.5M in total assets offset by $1.3M in liabilities, reflecting a solid financial foundation at a 16.88 ratio. Fiscal operations produced a positive result, with $38.8M in revenues against $30.7M in expenditures, leaving a surplus of $3.7M. The 9.4% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.