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City of Marion
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
North Carolina
County
McDowell County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Marion reported a net position of $7.7M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $8.2M against liabilities of $475.9K, representing a strong financial position with an assets-to-liabilities ratio of 17.22. Operating results were favorable, with revenues of $10.5M exceeding expenditures of $10.4M by $977.8K. The 9.3% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.