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City of Lenoir
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Ashe County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Lenoir show a net position of $21.4M, with assets outpacing liabilities. The financial position includes $22.2M in total assets offset by $516.6K in liabilities, reflecting a solid financial foundation at a 42.95 ratio. Fiscal operations produced a positive result, with $24.8M in revenues against $22.5M in expenditures, leaving a surplus of $2.1M. The 8.6% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.