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City of Medina
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Medina County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Medina reported a net position of $20.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $23.7M against liabilities of $571.4K, representing a strong financial position with an assets-to-liabilities ratio of 41.55. Operating results were favorable, with revenues of $14.5M exceeding expenditures of $9.6M by $4.9M. The 33.8% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.