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Town of Oak Island
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Municipality & ACFR Details
Type
Unknown
State
North Carolina
County
Brunswick County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Town of Oak Island show a net position of $29.9M, with assets outpacing liabilities. The financial position includes $31.9M in total assets offset by $550.3K in liabilities, reflecting a solid financial foundation at a 57.89 ratio. Fiscal operations produced a positive result, with $29.2M in revenues against $16.7M in expenditures, leaving a surplus of $12.5M. The healthy 42.7% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.