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City of Marion
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Municipality & ACFR Details
Type
Unknown
State
South Carolina
County
Marion County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Marion reported a net position of $5.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $7.0M against liabilities of $1.5M, representing a strong financial position with an assets-to-liabilities ratio of 4.60. Operating results showed a shortfall, with expenditures of $7.8M exceeding revenues of $7.5M by $317.8K. The -4.2% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.