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City of Franklin
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Pennsylvania
County
Venango County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Franklin show a net position of $3.4M, with assets outpacing liabilities. The financial position includes $3.4M in total assets offset by $13.7K in liabilities, reflecting a solid financial foundation at a 249.66 ratio. Fiscal operations produced a positive result, with $6.4M in revenues against $5.6M in expenditures, leaving a surplus of $196.3K. The modest 3.1% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.