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City of Cumming, Georgia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Georgia
County
Forsyth County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Cumming reported a net position of $9.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $12.3M against liabilities of $2.4M, representing a strong financial position with an assets-to-liabilities ratio of 5.14. Operating results showed a shortfall, with expenditures of $29.4M exceeding revenues of $26.4M by $1.1M. The -4.0% margin warrants attention to revenue and spending trends. All metrics are calculated using Total Governmental Funds data.