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City of Monroe, North Carolina
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Municipality & ACFR Details
Type
City/Town Government
State
North Carolina
County
Union County
FY Period
Jul 2022 - Jun 2023
MuniScore
Score not available
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Log inFinancial Summary
City of Monroe closed FY2023 with a net position of $43.4M, indicating a solid financial foundation. With $46.1M in assets and $2.7M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 17.19. Revenues totaling $49.3M surpassed expenditures of $45.7M, generating a $6.1M surplus. A 12.5% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.