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City of Duluth
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Municipality & ACFR Details
Type
Unknown
State
Georgia
County
Gwinnett County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Duluth reported a net position of $32.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $36.0M against liabilities of $1.9M, representing a strong financial position with an assets-to-liabilities ratio of 19.12. Operating results were favorable, with revenues of $30.6M exceeding expenditures of $25.1M by $5.4M. The 17.8% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.