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City of Fairbanks
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alaska
County
Fairbanks North Star Borough
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Fairbanks show a net position of $20.9M, with assets outpacing liabilities. The financial position includes $27.1M in total assets offset by $6.2M in liabilities, reflecting a solid financial foundation at a 4.39 ratio. Fiscal operations produced a negative result, with $42.9M in expenditures against $43.4M in revenues, creating a deficit of $962.3K. The -2.2% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.