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City of Kinston
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Lenoir County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Kinston reported a net position of $19.1M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $20.7M against liabilities of $1.2M, representing a strong financial position with an assets-to-liabilities ratio of 16.74. Operating results were favorable, with revenues of $24.0M exceeding expenditures of $23.8M by $2.9M. The 11.9% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.