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City of Shelby
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
Cleveland County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Shelby maintained a positive fund balance of $22.4M, demonstrating financial stability. Total assets of $25.9M compared to liabilities of $2.9M indicate robust financial health, yielding a coverage ratio of 8.97. The government recorded an operating deficit of $129.9K, as spending of $32.3M outpaced revenues of $31.3M. At -0.4%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.