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City of Bainbridge, Ga
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Georgia
County
Decatur County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Bainbridge maintained a positive net position of $4.0M, demonstrating financial stability. Total assets of $8.6M compared to liabilities of $2.7M indicate robust financial health, yielding a coverage ratio of 3.13. The government recorded an operating deficit of $10.4M, as spending of $23.3M outpaced revenues of $12.9M. At -80.9%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.