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City of Humboldt
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
Gibson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Humboldt maintained a positive net position of $8.6M, demonstrating financial stability. Total assets of $9.0M compared to liabilities of $438.7K indicate robust financial health, yielding a coverage ratio of 20.56. The government achieved an operating surplus of $255.9K, as revenues of $11.3M outpaced spending of $9.5M. At 2.3%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.