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City of New Bern
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Craven County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of New Bern show a fund balance of $36.1M, reflecting sound fiscal management. The financial position includes $38.8M in total assets offset by $2.0M in liabilities, reflecting a solid financial foundation at a 18.97 ratio. Fiscal operations produced a negative result, with $46.2M in expenditures against $40.5M in revenues, creating a deficit of $5.7M. The -14.1% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.