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City of Shaker Heights
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Cuyahoga County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Shaker Heights reported a fund balance of $45.1M, reflecting a healthy financial position. The balance sheet reflects total assets of $70.1M against liabilities of $3.0M, representing a strong financial position with an assets-to-liabilities ratio of 23.41. Operating results were favorable, with revenues of $65.4M exceeding expenditures of $47.5M by $2.8M. The 4.2% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.