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City of Concord
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Cabarrus County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Concord ended FY2024 with a net position of -$95.7K, showing liabilities surpassing assets. With $17.2M in assets and $16.1M in liabilities, the municipality shows adequate financial health and an assets-to-liabilities ratio of 1.07. Expenditures of $122.3M exceeded revenues of $133.8M, resulting in a $6.4M deficit. A -4.8% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.