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City of Lanett Alabama
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alabama
County
Chambers County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Lanett Alabama maintained a positive net position of $779.6K, demonstrating financial stability. Total assets of $1.7M compared to liabilities of $927.5K indicate sound financial standing, yielding a coverage ratio of 1.84. The government recorded an operating deficit of $884.7K, as spending of $8.3M outpaced revenues of $7.3M. At -12.1%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.