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City of Lagrange
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Georgia
County
Troup County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Lagrange reveal a net position of -$1.7M, with total liabilities exceeding assets. The financial position includes $13.4M in total assets offset by $1.7M in liabilities, reflecting a solid financial foundation at a 7.97 ratio. Fiscal operations produced a positive result, with $22.2M in revenues against $38.0M in expenditures, leaving a surplus of $745.6K. The modest 3.4% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.