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Franklin City School District
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
Ohio
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Franklin City School District reported a negative net position of -$429.3K, indicating liabilities exceeded assets. The balance sheet reflects total assets of $24.6M against liabilities of $3.7M, representing a strong financial position with an assets-to-liabilities ratio of 6.64. Operating results showed a shortfall, with expenditures of $41.3M exceeding revenues of $37.0M by $4.3M. The -11.5% margin indicates a significant revenue-expenditure gap. All metrics are calculated using General Fund data.