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City of Oak Hill
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Municipality & ACFR Details
Type
Unknown
State
West Virginia
County
Fayette County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Oak Hill closed FY2024 with a fund balance of $778.6K, indicating a solid financial foundation. With $1.1M in assets and $299.3K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 3.71. Expenditures of $5.5M exceeded revenues of $4.5M, resulting in a $320.2K deficit. A -7.1% margin points to structural budget challenges. All metrics are calculated using General Fund data.