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City of Hanahan
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Municipality & ACFR Details
Type
Unknown
State
South Carolina
County
Berkeley County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Hanahan maintained a positive net position of $13.9M, demonstrating financial stability. Total assets of $22.7M compared to liabilities of $3.1M indicate robust financial health, yielding a coverage ratio of 7.29. The government achieved an operating surplus of $1.6M, as revenues of $17.6M outpaced spending of $16.2M. At 9.2%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.