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City of Montgomery
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alabama
County
Montgomery County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Montgomery show a net position of $66.5M, with assets outpacing liabilities. The financial position includes $78.6M in total assets offset by $12.1M in liabilities, reflecting a solid financial foundation at a 6.50 ratio. Fiscal operations produced a positive result, with $358.9M in revenues against $351.0M in expenditures, leaving a surplus of $7.2M. The modest 2.0% margin suggests limited fiscal flexibility. All metrics are calculated using Total Governmental Funds data.