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City of Galena
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alaska
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Galena ended FY2024 with a net position of -$4.6M, showing liabilities surpassing assets. With $4.6M in assets and $4.6M in liabilities, the municipality shows adequate financial health and an assets-to-liabilities ratio of 1.00. Expenditures of $1.6M exceeded revenues of $1.1M, resulting in a $186.5K deficit. A -17.7% margin points to structural budget challenges. All metrics are calculated using General Fund data.