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City of New Philadelphia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Tuscarawas County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of New Philadelphia maintained a positive fund balance of $1.3M, demonstrating financial stability. Total assets of $4.0M compared to liabilities of $270.5K indicate robust financial health, yielding a coverage ratio of 14.68. The government recorded an operating deficit of $107.5K, as spending of $9.6M outpaced revenues of $9.5M. At -1.1%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.