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City of Fairfield
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Butler County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Fairfield reported a net position of $33.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $47.9M against liabilities of $1.3M, representing a strong financial position with an assets-to-liabilities ratio of 36.07. Operating results were favorable, with revenues of $42.2M exceeding expenditures of $29.8M by $513.9K. The 1.2% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.