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Board of Education of Elkin City Schools
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Municipality & ACFR Details
Type
County-Dependent Local Education Agency (LEA)
State
North Carolina
County
Surry County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Board of Education of Elkin City Schools maintained a positive net position of $308.1K, demonstrating financial stability. Total assets of $377.7K compared to liabilities of $69.6K indicate robust financial health, yielding a coverage ratio of 5.42. The government recorded an operating deficit of $457.8K, as spending of $17.0M outpaced revenues of $16.5M. At -2.8%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using Total Governmental Funds data.