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City of Salisbury
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Rowan County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Salisbury reported a fund balance of $39.2M, reflecting a healthy financial position. The balance sheet reflects total assets of $43.9M against liabilities of $3.2M, representing a strong financial position with an assets-to-liabilities ratio of 13.69. Operating results were favorable, with revenues of $54.2M exceeding expenditures of $47.3M by $3.5M. The 6.5% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.