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City of Mount Sterling
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Kentucky
County
Montgomery County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Mount Sterling maintained a positive net position of $18.2M, demonstrating financial stability. Total assets of $19.4M compared to liabilities of $1.2M indicate robust financial health, yielding a coverage ratio of 15.70. The government achieved an operating surplus of $2.5M, as revenues of $10.6M outpaced spending of $8.2M. At 23.8%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.