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City of Newport News, Virginia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Newport News city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Newport News show a fund balance of $181.3M, reflecting sound fiscal management. The financial position includes $252.5M in total assets offset by $41.4M in liabilities, reflecting a solid financial foundation at a 6.09 ratio. Fiscal operations produced a positive result, with $618.7M in revenues against $514.8M in expenditures, leaving a surplus of $24.7M. The modest 4.0% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.