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City of Gallatin, Missouri
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Municipality & ACFR Details
Type
Unknown
State
Missouri
County
Daviess County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Gallatin maintained a positive net position of $1.3M, demonstrating financial stability. Total assets of $1.3M compared to liabilities of $55.7K indicate robust financial health, yielding a coverage ratio of 23.80. The government achieved an operating surplus of $71.5K, as revenues of $1.4M outpaced spending of $1.6M. At 5.2%, the operating margin shows steady financial management. All metrics are calculated using Total Governmental Funds data.