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City of Morgan City
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Louisiana
County
St. Mary Parish
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Morgan City show a net position of $5.5M, with assets outpacing liabilities. The financial position includes $6.4M in total assets offset by $917.7K in liabilities, reflecting a solid financial foundation at a 7.02 ratio. Fiscal operations produced a positive result, with $9.5M in revenues against $11.6M in expenditures, leaving a surplus of $2.6M. The healthy 27.4% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.