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City of Fairhope
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alabama
County
Baldwin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Fairhope reported a net position of $29.7M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $33.2M against liabilities of $3.5M, representing a strong financial position with an assets-to-liabilities ratio of 9.59. Operating results were favorable, with revenues of $44.5M exceeding expenditures of $40.7M by $3.9M. The 8.7% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.