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City of Brevard
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Municipality & ACFR Details
Type
Unknown
State
North Carolina
County
Transylvania County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Brevard reported a net position of $5.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $6.9M against liabilities of $915.0K, representing a strong financial position with an assets-to-liabilities ratio of 7.52. Operating results were favorable, with revenues of $11.1M exceeding expenditures of $9.2M by $185.1K. The 1.7% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.