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City of Kent
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Portage County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Kent reported a net position of $20.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $24.2M against liabilities of $353.9K, representing a strong financial position with an assets-to-liabilities ratio of 68.43. Operating results were favorable, with revenues of $15.0M exceeding expenditures of $6.6M by $1.8M. The 11.7% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.