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City of Berea
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Kentucky
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Berea maintained a positive net position of $20.8M, demonstrating financial stability. Total assets of $21.7M compared to liabilities of $959.8K indicate robust financial health, yielding a coverage ratio of 22.65. The government achieved an operating surplus of $1.8M, as revenues of $17.4M outpaced spending of $16.5M. At 10.1%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.