Charlotte has $2.6 billion of assets available to pay the state's bills totaling $1.7 billion.
Charlotte has $902.8 million available after bills have been paid, which breaks down to $3,400 per taxpayer.
Charlotte's reported net position is inflated by $308.9 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 123 days after its fiscal year end, which is considered timely according to the 180 day standard.