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City of Lafollette
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
Campbell County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Lafollette closed FY2024 with a net position of $8.5M, indicating a solid financial foundation. With $13.1M in assets and $3.0M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 4.43. Expenditures of $11.2M exceeded revenues of $9.3M, resulting in a $751.2K deficit. A -8.1% margin points to structural budget challenges. All metrics are calculated using General Fund data.