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City of Ashland
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Ashland County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Ashland maintained a positive net position of $4.9M, demonstrating financial stability. Total assets of $8.1M compared to liabilities of $806.2K indicate robust financial health, yielding a coverage ratio of 10.03. The government recorded an operating deficit of $62.2K, as spending of $17.2M outpaced revenues of $17.6M. At -0.4%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.