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City of Canton, Georgia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Georgia
County
Cherokee County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Canton show a net position of $20.6M, with assets outpacing liabilities. The financial position includes $37.2M in total assets offset by $3.4M in liabilities, reflecting a solid financial foundation at a 10.85 ratio. Fiscal operations produced a positive result, with $25.4M in revenues against $26.4M in expenditures, leaving a surplus of $2.9M. The healthy 11.3% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.