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City of Norcross
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Georgia
County
Gwinnett County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Norcross show a fund balance of $13.2M, reflecting sound fiscal management. The financial position includes $22.8M in total assets offset by $9.0M in liabilities, reflecting a solid financial foundation at a 2.54 ratio. Fiscal operations produced a positive result, with $19.1M in revenues against $18.4M in expenditures, leaving a surplus of $871.5K. The modest 4.6% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.