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City of Reidsville
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Rockingham County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Reidsville maintained a positive fund balance of $15.1M, demonstrating financial stability. Total assets of $17.9M compared to liabilities of $1.2M indicate robust financial health, yielding a coverage ratio of 15.04. The government achieved an operating surplus of $1.1M, as revenues of $20.4M outpaced spending of $19.9M. At 5.2%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.