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City of Abbeville
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
South Carolina
County
Abbeville County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Abbeville reported a net position of $850.3K, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $2.0M against liabilities of $812.9K, representing a strong financial position with an assets-to-liabilities ratio of 2.41. Operating results showed a shortfall, with expenditures of $5.9M exceeding revenues of $5.3M by $255.0K. The -4.8% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.