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Chapel Hill-carrboro City Board of Education
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Municipality & ACFR Details
Type
County-Dependent Local Education Agency (LEA)
State
North Carolina
County
Orange County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Chapel Hill-carrboro City Board of Education show a net position of $31.6K, with assets outpacing liabilities. The financial position includes $2.3M in total assets offset by $2.2M in liabilities, reflecting steady financial conditions at a 1.01 ratio. Fiscal operations produced a negative result, with $95.2M in expenditures against $89.7M in revenues, creating a deficit of $5.5M. The -6.1% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.