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City of Nome
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alaska
County
Nome Census Area
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Nome maintained a positive fund balance of $11.7M, demonstrating financial stability. Total assets of $21.1M compared to liabilities of $3.9M indicate robust financial health, yielding a coverage ratio of 5.40. The government recorded an operating deficit of $1.6M, as spending of $16.0M outpaced revenues of $15.0M. At -10.6%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.