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City of Radford, Virginia
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Virginia
County
Radford city
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Radford recorded a fund balance of -$1.9M, reflecting accumulated obligations. Total assets of $8.7M compared to liabilities of $5.2M indicate sound financial standing, yielding a coverage ratio of 1.67. The government recorded an operating deficit of $4.2M, as spending of $33.1M outpaced revenues of $25.4M. At -16.6%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.