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City of Covington, Kentucky
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Kentucky
County
Kenton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Covington show a net position of $23.1M, with assets outpacing liabilities. The financial position includes $57.5M in total assets offset by $30.6M in liabilities, reflecting favorable financial conditions at a 1.88 ratio. Fiscal operations produced a positive result, with $63.5M in revenues against $64.2M in expenditures, leaving a surplus of $316.3K. The modest 0.5% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.