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City of Beaufort
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
South Carolina
County
Beaufort County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Beaufort closed FY2024 with a net position of $14.6M, indicating a solid financial foundation. With $17.2M in assets and $2.4M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 7.29. Revenues totaling $28.9M surpassed expenditures of $26.8M, generating a $3.0M surplus. A 10.3% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.