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City of Selma, Alabama
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alabama
County
Dallas County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Selma show a fund balance of $4.5M, reflecting sound fiscal management. The financial position includes $6.8M in total assets offset by $2.3M in liabilities, reflecting a solid financial foundation at a 3.00 ratio. Fiscal operations produced a positive result, with $21.5M in revenues against $21.2M in expenditures, leaving a surplus of $877.8K. The modest 4.1% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.