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City of Ashland
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Kentucky
County
Boyd County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Ashland maintained a positive net position of $11.7M, demonstrating financial stability. Total assets of $19.9M compared to liabilities of $8.2M indicate robust financial health, yielding a coverage ratio of 2.42. The government recorded an operating deficit of $1.4M, as spending of $30.7M outpaced revenues of $31.7M. At -4.4%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.