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City of Decatur Alabama
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alabama
County
Morgan County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Decatur Alabama maintained a positive net position of $60.3M, demonstrating financial stability. Total assets of $67.8M compared to liabilities of $5.0M indicate robust financial health, yielding a coverage ratio of 13.43. The government achieved an operating surplus of $4.7M, as revenues of $96.7M outpaced spending of $91.3M. At 4.9%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.