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City of Claremont
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Municipality & ACFR Details
Type
Unknown
State
North Carolina
County
—
FY Period
Jul 2022 - Jun 2023
MuniScore
Score not available
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Log inFinancial Summary
The FY2023 financial statements for City of Claremont show a net position of $5.4M, with assets outpacing liabilities. The financial position includes $6.0M in total assets offset by $596.7K in liabilities, reflecting a solid financial foundation at a 10.07 ratio. Fiscal operations produced a positive result, with $5.0M in revenues against $4.5M in expenditures, leaving a surplus of $739.3K. The healthy 14.8% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.