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City of Frankfort
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Kentucky
County
Franklin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Frankfort show a net position of $26.0M, with assets outpacing liabilities. The financial position includes $28.2M in total assets offset by $2.2M in liabilities, reflecting a solid financial foundation at a 12.96 ratio. Fiscal operations produced a negative result, with $41.8M in expenditures against $43.1M in revenues, creating a deficit of $1.5M. The -3.5% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.