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City of Alcoa Tennessee
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
Blount County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Alcoa Tennessee reported a net position of $23.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $39.5M against liabilities of $1.3M, representing a strong financial position with an assets-to-liabilities ratio of 29.56. Operating results were favorable, with revenues of $72.8M exceeding expenditures of $71.9M by $2.5M. The 3.4% operating margin shows revenues aligned with expenditures. All metrics are calculated using Total Governmental Funds data.