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City of Pikeville, Kentucky
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Kentucky
County
Pike County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Pikeville maintained a positive fund balance of $19.2M, demonstrating financial stability. Total assets of $21.8M compared to liabilities of $1.2M indicate robust financial health, yielding a coverage ratio of 17.62. The government achieved an operating surplus of $861.9K, as revenues of $21.4M outpaced spending of $17.6M. At 4.0%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.