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City of New Roads
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Municipality & ACFR Details
Type
Unknown
State
Louisiana
County
Pointe Coupee Parish
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of New Roads maintained a positive fund balance of $83.7K, demonstrating financial stability. Total assets of $9.3M compared to liabilities of $9.2M indicate balanced fiscal standing, yielding a coverage ratio of 1.01. The government recorded an operating deficit of $1.7K, as spending of $6.4M outpaced revenues of $4.7M. At -0.0%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.