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City of Forest Acres
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Municipality & ACFR Details
Type
Unknown
State
South Carolina
County
Richland County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Forest Acres show a net position of $11.8M, with assets outpacing liabilities. The financial position includes $12.4M in total assets offset by $564.5K in liabilities, reflecting a solid financial foundation at a 21.98 ratio. Fiscal operations produced a positive result, with $9.4M in revenues against $8.9M in expenditures, leaving a surplus of $473.2K. The 5.0% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.