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City of Lake City
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Municipality & ACFR Details
Type
City/Town Government
State
South Carolina
County
Florence County
FY Period
Jul 2022 - Jun 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $1.6M. Total assets were $5.2M against total liabilities of $3.6M. For the General Fund, total revenues were $9.5M and expenditures were $12.2M. After other financing sources and uses, the net change in fund balance was ($1.1M). The operating margin was -28.3%.