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City of Mentor
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Lake County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Mentor show a net position of $94.9M, with assets outpacing liabilities. The financial position includes $108.3M in total assets offset by $4.9M in liabilities, reflecting a solid financial foundation at a 21.91 ratio. Fiscal operations produced a positive result, with $87.5M in revenues against $73.4M in expenditures, leaving a surplus of $13.7M. The healthy 15.7% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.