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City of Barberton
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Summit County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Barberton maintained a positive net position of $19.3M, demonstrating financial stability. Total assets of $23.4M compared to liabilities of $682.6K indicate robust financial health, yielding a coverage ratio of 34.27. The government achieved an operating surplus of $2.1M, as revenues of $24.5M outpaced spending of $21.9M. At 8.5%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.