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City of Belmont
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Gaston County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Belmont show a net position of $22.2M, with assets outpacing liabilities. The financial position includes $26.3M in total assets offset by $3.8M in liabilities, reflecting a solid financial foundation at a 6.86 ratio. Fiscal operations produced a positive result, with $25.4M in revenues against $21.4M in expenditures, leaving a surplus of $4.2M. The healthy 16.7% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.