The audited FY2024 financial results for Rome — county seat of Floyd County — drawn entirely from the city's own Annual Comprehensive Financial Report and Single Audit Report. Rome's fiscal year is the calendar year, and every figure below carries its fiscal year and audit status.
$670,657,961
Total net position
Government-wide, accrual basis, at December 31, 2024.
+$82,609,668
Change in net position
Total revenues of $190,918,996 less total expenses of $108,309,328.
$54,722,007
Combined governmental fund balance
All governmental funds, modified accrual basis, at December 31, 2024.
$27,684,237
General Fund unassigned fund balance
The unassigned portion of the $29,226,974 General Fund balance.
$23,156,339
Outstanding debt
Bonds/COPs, notes, intergovernmental agreements, financed purchases and leases — see Section 5 for what this excludes.
38,111
Population
2024, U.S. Census Bureau, as reported in the FY2024 ACFR.
Read FY2024 with one-time items in mind: governmental capital grants of $70,322,485 (including $57,561,099 for Education) and a $161,234,250 water treatment plant restriction reflect large one-time capital contributions and legal-settlement proceeds. FY2023 business-type revenues of $231,522,317 included a much larger water legal settlement, so year-over-year revenue comparisons need that context.
The city as a whole at December 31, 2024, split between governmental activities (tax-supported) and business-type activities (fee-supported). Audited by Mauldin & Jenkins, LLC, with unmodified opinions.
| Component | Governmental | Business-type | Total |
|---|---|---|---|
| Net investment in capital assets | $238,250,910 | $204,013,275 | $442,264,185 |
| Restricted | $26,501,452 | $162,878,513 | $189,379,965 |
| Unrestricted | ($13,342,998) | $52,356,809 | $39,013,811 |
| Total net position | $251,409,364 | $419,248,597 | $670,657,961 |
Governmental unrestricted net position is a deficit of ($13,342,998), attributed in the ACFR to the GASB 75 total OPEB liability. The business-type restricted balance is dominated by a $161,234,250 water treatment plant restriction — legal-settlement proceeds.
The Education expense and the $57,561,099 education capital grant relate to school facilities funded through the city/SPLOST as printed in the statements — they are not Rome Board of Education operating figures.
Source: City of Rome, Georgia — Annual Comprehensive Financial Report, fiscal year ended December 31, 2024 (FY2024, Audited) — Statement of Net Position and Statement of Activities.
The city's tax-supported funds on the modified accrual basis — a different measurement basis from the government-wide figures above, so the two sets are never combined.
Net change in governmental fund balances for FY2024: −$6,152,354 (modified accrual basis).
Source: City of Rome, Georgia — Annual Comprehensive Financial Report, fiscal year ended December 31, 2024 (FY2024, Audited) — governmental fund statements.
Operating revenues of the city's fee-supported enterprise funds. Fire protection in Rome is reported as an enterprise activity.
Source: City of Rome, Georgia — Annual Comprehensive Financial Report, fiscal year ended December 31, 2024 (FY2024, Audited) — proprietary fund statements.
From the budget-and-actual schedule in the ACFR's required supplementary information (pp. 96–104). Rome publishes no standalone adopted budget book — these Original Budget / Final Budget / Actual columns are the budget record. Budgets are adopted on a GAAP basis for governmental funds except Capital Projects, which use project-length budgets; FY2024 amendments totaled $1,612,414.
| Revenue | Original Budget | Final Budget | Actual |
|---|---|---|---|
| Ad valorem taxes | $14,953,450 | $15,303,450 | $15,146,154 |
| Other taxes | $18,454,500 | $18,954,500 | $18,557,999 |
| Licenses, permits & fees | $2,497,000 | $2,497,000 | $2,365,426 |
| Intergovernmental | $445,000 | $445,000 | $468,333 |
| Fines & forfeitures | $1,163,500 | $1,163,500 | $1,060,867 |
| Other revenues | $995,500 | $995,500 | $1,942,625 |
| Total revenues | $38,508,950 | $39,358,950 | $39,541,404 |
| Expenditure | Original Budget | Final Budget | Actual |
|---|---|---|---|
| General government | $9,219,374 | $9,959,666 | $9,416,964 |
| Public safety | $11,958,975 | $11,503,800 | $11,498,668 |
| Public works | $7,821,554 | $7,915,054 | $7,549,151 |
| Public facilities | $758,740 | $797,325 | $751,315 |
| Public services | $1,191,725 | $1,191,725 | $810,390 |
| Community development | $387,876 | $480,000 | $462,464 |
| Total expenditures | $31,338,244 | $31,847,570 | $30,488,952 |
| Measure | Original Budget | Final Budget | Actual |
|---|---|---|---|
| Net change in fund balance | −$2,955,726 | −$2,897,641 | −$1,114,021 |
Ending General Fund balance (actual): $29,226,974. The net-change line is as reported in the ACFR schedule, which also reflects other financing sources and uses not itemized in the tables above.
Source: City of Rome, Georgia — Annual Comprehensive Financial Report, fiscal year ended December 31, 2024 (FY2024, Audited) — Required Supplementary Information, pp. 96–104.
Long-term liabilities per Note III-E of the FY2024 ACFR. The governmental total is dominated by pension and OPEB obligations, not borrowed money; the business-type total is dominated by the landfill closure/postclosure liability.
Source: City of Rome, Georgia — Annual Comprehensive Financial Report, fiscal year ended December 31, 2024 (FY2024, Audited) — Note III-E.
Federal grant spending reported in the city's single audits. The FY2025 document is a Single Audit Report only — it is not FY2025 financial statements, and no FY2025 revenue, expenditure, fund-balance, or net-position figures are published here.
$2,985,714
Total expenditures of federal awards — FY2024
Schedule of Expenditures of Federal Awards inside the FY2024 ACFR. Major program: Federal Transit Cluster. Low-risk auditee.
$6,205,965
Total expenditures of federal awards — FY2025
Year ended December 31, 2025. Sole major program: COVID-19 SLFRF (ALN 21.027), $2,200,000. Unmodified opinions; no findings or questioned costs; low-risk auditee.
Sources: City of Rome, Georgia — Annual Comprehensive Financial Report, fiscal year ended December 31, 2024 (FY2024, Audited — SEFA); City of Rome, Georgia — Single Audit Report, for the year ended December 31, 2025 (Single Audit only).
How these figures were sourced, and where the city's own documents need a caution.
Every figure on this page comes from one of these two City of Rome documents. Official city website: romega.us.