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City of Morehead
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Kentucky
County
Rowan County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Morehead show a net position of $8.7M, with assets outpacing liabilities. The financial position includes $9.5M in total assets offset by $858.4K in liabilities, reflecting a solid financial foundation at a 11.08 ratio. Fiscal operations produced a positive result, with $13.2M in revenues against $12.0M in expenditures, leaving a surplus of $1.2M. The 9.3% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.