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City of Grambling
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Louisiana
County
Lincoln Parish
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Grambling recorded a net position of -$324.1K, reflecting accumulated obligations. Total assets of $725.4K compared to liabilities of $1.0M indicate fiscal pressures, yielding a coverage ratio of 0.69. The government recorded an operating deficit of $399.1K, as spending of $2.7M outpaced revenues of $2.3M. At -17.7%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.