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City of Richmond, Ky
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Kentucky
County
Madison County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Richmond closed FY2024 with a fund balance of $53.2M, indicating a solid financial foundation. With $58.9M in assets and $5.4M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 10.96. Revenues totaling $44.9M surpassed expenditures of $34.2M, generating a $5.7M surplus. A 12.7% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.