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City of Sanford
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Lee County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Sanford show a fund balance of $39.8M, reflecting sound fiscal management. The financial position includes $44.1M in total assets offset by $4.0M in liabilities, reflecting a solid financial foundation at a 11.11 ratio. Fiscal operations produced a positive result, with $48.7M in revenues against $46.3M in expenditures, leaving a surplus of $1.5M. The modest 3.2% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.