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City of Madisonville
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Kentucky
County
Hopkins County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Madisonville maintained a positive net position of $10.3M, demonstrating financial stability. Total assets of $12.7M compared to liabilities of $2.3M indicate robust financial health, yielding a coverage ratio of 5.45. The government achieved an operating surplus of $1.4M, as revenues of $30.6M outpaced spending of $33.2M. At 4.5%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.