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City of Rocky Mount, North Carolina
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Nash County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Rocky Mount maintained a positive fund balance of $48.5M, demonstrating financial stability. Total assets of $66.0M compared to liabilities of $9.5M indicate robust financial health, yielding a coverage ratio of 6.94. The government recorded an operating deficit of $15.2M, as spending of $104.9M outpaced revenues of $78.1M. At -19.5%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.