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City of Kings Mountain, Nc
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Cleveland County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Kings Mountain closed FY2024 with a net position of $17.7M, indicating a solid financial foundation. With $18.8M in assets and $819.5K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 22.93. Revenues totaling $21.5M surpassed expenditures of $23.6M, generating a $4.2M surplus. A 19.6% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.