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City of New Iberia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Louisiana
County
Iberia Parish
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of New Iberia reported a fund balance of $13.1M, reflecting a healthy financial position. The balance sheet reflects total assets of $19.4M against liabilities of $6.3M, representing a strong financial position with an assets-to-liabilities ratio of 3.08. Operating results were favorable, with revenues of $15.7M exceeding expenditures of $25.2M by $2.6M. The 16.8% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.