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City of Beckley
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
West Virginia
County
Raleigh County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Beckley maintained a positive net position of $8.9M, demonstrating financial stability. Total assets of $10.7M compared to liabilities of $1.5M indicate robust financial health, yielding a coverage ratio of 6.92. The government recorded an operating deficit of $614.8K, as spending of $28.6M outpaced revenues of $29.3M. At -2.1%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.