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City of Fort Mitchell, Kentucky
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Municipality & ACFR Details
Type
Unknown
State
Kentucky
County
Kenton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Fort Mitchell maintained a positive net position of $9.8M, demonstrating financial stability. Total assets of $17.1M compared to liabilities of $7.3M indicate robust financial health, yielding a coverage ratio of 2.35. The government achieved an operating surplus of $3.0M, as revenues of $13.8M outpaced spending of $9.5M. At 21.6%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.