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City of Social Circle
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Georgia
County
Walton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Social Circle show a fund balance of $2.5M, reflecting sound fiscal management. The financial position includes $2.8M in total assets offset by $365.2K in liabilities, reflecting a solid financial foundation at a 7.77 ratio. Fiscal operations produced a negative result, with $7.7M in expenditures against $5.8M in revenues, creating a deficit of $1.2M. The -20.2% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.