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City of Isle of Palms
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Municipality & ACFR Details
Type
Unknown
State
South Carolina
County
Charleston County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Isle of Palms maintained a positive net position of $8.2M, demonstrating financial stability. Total assets of $10.1M compared to liabilities of $1.8M indicate robust financial health, yielding a coverage ratio of 5.53. The government achieved an operating surplus of $13.0K, as revenues of $38.2K outpaced spending of $23.4K. At 34.0%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.