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City of Hammond, Louisiana
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Louisiana
County
Tangipahoa Parish
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Hammond show a net position of $5.0M, with assets outpacing liabilities. The financial position includes $10.4M in total assets offset by $5.4M in liabilities, reflecting favorable financial conditions at a 1.91 ratio. Fiscal operations produced a negative result, with $47.3M in expenditures against $48.0M in revenues, creating a deficit of $5.6M. The -11.6% margin reflects substantial fiscal imbalance. All metrics are calculated using Total Governmental Funds data.