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City of Gallatin
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
Sumner County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Gallatin closed FY2024 with a net position of $67.0M, indicating a solid financial foundation. With $92.6M in assets and $9.7M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 9.53. Revenues totaling $59.4M surpassed expenditures of $51.6M, generating a $9.4M surplus. A 15.8% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.