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City of Laurinburg
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Scotland County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Laurinburg maintained a positive net position of $6.2M, demonstrating financial stability. Total assets of $7.0M compared to liabilities of $244.8K indicate robust financial health, yielding a coverage ratio of 28.46. The government achieved an operating surplus of $371.4K, as revenues of $8.4M outpaced spending of $10.3M. At 4.4%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.