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City of Morganton
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Burke County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Morganton show a net position of $41.1M, with assets outpacing liabilities. The financial position includes $42.2M in total assets offset by $912.0K in liabilities, reflecting a solid financial foundation at a 46.30 ratio. Fiscal operations produced a positive result, with $29.7M in revenues against $27.3M in expenditures, leaving a surplus of $3.3M. The healthy 11.2% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.