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City of Albemarle
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Stanly County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Albemarle show a net position of $14.6M, with assets outpacing liabilities. The financial position includes $17.6M in total assets offset by $2.9M in liabilities, reflecting a solid financial foundation at a 6.17 ratio. Fiscal operations produced a positive result, with $21.4M in revenues against $22.1M in expenditures, leaving a surplus of $2.9M. The healthy 13.3% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.