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City of Florence, South Carolina
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
South Carolina
County
Florence County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Florence reported a net position of $26.3M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $37.4M against liabilities of $11.1M, representing a strong financial position with an assets-to-liabilities ratio of 3.38. Operating results were favorable, with revenues of $42.3M exceeding expenditures of $58.6M by $1.7M. The 3.9% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.