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City of Covington, Tennessee
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Municipality & ACFR Details
Type
City/Town Government
State
Tennessee
County
Tipton County
FY Period
Jun 2021 - Jun 2022
MuniScore
Score not available
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Log inFinancial Summary
For FY2022, this municipality reported a total fund balance of $6.0M. Total assets were $12.8M against total liabilities of $1.6M. For the General Fund, total revenues were $13.3M and expenditures were $11.5M. After other financing sources and uses, the net change in fund balance was $2.3M. The operating margin was 12.9%.