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City of Lebanon
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Municipality & ACFR Details
Type
Unclassified
State
Ohio
County
Warren County
FY Period
Jan 2023 - Dec 2023
MuniScore
Score not available
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Log inFinancial Summary
In FY2023, City of Lebanon maintained a positive net position of $13.5M, demonstrating financial stability. Total assets of $18.9M compared to liabilities of $781.4K indicate robust financial health, yielding a coverage ratio of 24.19. The government achieved an operating surplus of $3.0M, as revenues of $17.8M outpaced spending of $14.8M. At 16.9%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.