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County of Fayette
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Municipality & ACFR Details
Type
County Government
State
Pennsylvania
County
Fayette County
FY Period
Dec 2021 - Dec 2022
MuniScore
Score not available
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Log inFinancial Summary
In FY2022, County of Fayette maintained a positive net position of $8.7M, demonstrating financial stability. Total assets of $26.8M compared to liabilities of $5.9M indicate robust financial health, yielding a coverage ratio of 4.57. The government recorded an operating deficit of $4.0M, as spending of $42.2M outpaced revenues of $42.2M. At -9.6%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.