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City of Spartanburg
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
South Carolina
County
Spartanburg County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Spartanburg show a fund balance of $10.1M, reflecting sound fiscal management. The financial position includes $15.0M in total assets offset by $2.9M in liabilities, reflecting a solid financial foundation at a 5.15 ratio. Fiscal operations produced a negative result, with $51.2M in expenditures against $49.9M in revenues, creating a deficit of $5.6M. The -11.2% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.