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City of Newnan, Georgia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Georgia
County
Coweta County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Newnan show a fund balance of $29.1M, reflecting sound fiscal management. The financial position includes $31.1M in total assets offset by $1.5M in liabilities, reflecting a solid financial foundation at a 20.21 ratio. Fiscal operations produced a negative result, with $40.2M in expenditures against $38.0M in revenues, creating a deficit of $1.5M. The -4.0% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.