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City of Laurel, Mississippi
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Mississippi
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Laurel reported a net position of $8.7M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $11.4M against liabilities of $2.7M, representing a strong financial position with an assets-to-liabilities ratio of 4.23. Operating results were favorable, with revenues of $6.6M exceeding expenditures of $7.9M by $750.6K. The 11.3% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.