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City of Canton
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Stark County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Canton maintained a positive net position of $25.5M, demonstrating financial stability. Total assets of $46.0M compared to liabilities of $8.2M indicate robust financial health, yielding a coverage ratio of 5.59. The government achieved an operating surplus of $1.0M, as revenues of $81.0M outpaced spending of $79.6M. At 1.3%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.