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City of Ridgetop
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Municipality & ACFR Details
Type
Unknown
State
Tennessee
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Ridgetop reported a fund balance of $3.0M, reflecting a healthy financial position. The balance sheet reflects total assets of $3.7M against liabilities of $464.2K, representing a strong financial position with an assets-to-liabilities ratio of 8.02. Operating results were favorable, with revenues of $1.5M exceeding expenditures of $1.4M by $120.8K. The 8.2% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.