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City of Coatesville
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Municipality & ACFR Details
Type
Unknown
State
Pennsylvania
County
Chester County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Coatesville maintained a positive net position of $1.7M, demonstrating financial stability. Total assets of $3.2M compared to liabilities of $1.0M indicate robust financial health, yielding a coverage ratio of 3.03. The government achieved an operating surplus of $323.3K, as revenues of $13.0M outpaced spending of $12.1M. At 2.5%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.