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City of Ladysmith
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Municipality & ACFR Details
Type
Unknown
State
Wisconsin
County
Rusk County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Ladysmith maintained a positive net position of $2.8M, demonstrating financial stability. Total assets of $4.9M compared to liabilities of $297.8K indicate robust financial health, yielding a coverage ratio of 16.42. The government achieved an operating surplus of $81.6K, as revenues of $5.0M outpaced spending of $4.4M. At 1.6%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.