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City of Conover
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Conover closed FY2024 with a net position of $14.0M, indicating a solid financial foundation. With $14.5M in assets and $493.9K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 29.38. Revenues totaling $15.4M surpassed expenditures of $12.5M, generating a $2.9M surplus. A 18.8% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.