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City of Moundsville
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
West Virginia
County
Marshall County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Moundsville reported a net position of $13.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $15.7M against liabilities of $1.8M, representing a strong financial position with an assets-to-liabilities ratio of 8.60. Operating results showed a shortfall, with expenditures of $15.1M exceeding revenues of $12.4M by $2.7M. The -22.1% margin indicates a significant revenue-expenditure gap. All metrics are calculated using Total Governmental Funds data.