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City of Burlington
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Alamance County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Burlington closed FY2024 with a net position of $31.9M, indicating a solid financial foundation. With $38.9M in assets and $7.0M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 5.57. Expenditures of $91.2M exceeded revenues of $85.5M, resulting in a $1.3M deficit. A -1.5% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.