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City of Fayette, Alabama
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alabama
County
Fayette County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Fayette show a net position of $8.6M, with assets outpacing liabilities. The financial position includes $9.3M in total assets offset by $690.7K in liabilities, reflecting a solid financial foundation at a 13.50 ratio. Fiscal operations produced a positive result, with $9.1M in revenues against $8.1M in expenditures, leaving a surplus of $724.4K. The 7.9% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.