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City of Lima
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Allen County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Lima maintained a positive net position of $27.7M, demonstrating financial stability. Total assets of $33.7M compared to liabilities of $1.6M indicate robust financial health, yielding a coverage ratio of 21.34. The government achieved an operating surplus of $4.4M, as revenues of $43.1M outpaced spending of $38.4M. At 10.1%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.