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City of Lumberton
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Robeson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Lumberton closed FY2024 with a net position of $10.8M, indicating a solid financial foundation. With $14.4M in assets and $2.9M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 4.99. Revenues totaling $28.3M surpassed expenditures of $29.3M, generating a $498.9K surplus. A 1.8% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.