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City of Lexington
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Municipality & ACFR Details
Type
Unknown
State
Tennessee
County
Henderson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Lexington closed FY2024 with a net position of $7.0M, indicating a solid financial foundation. With $11.0M in assets and $655.4K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 16.84. Revenues totaling $25.1M surpassed expenditures of $27.5M, generating a $714.1K surplus. A 2.8% margin indicates tight alignment between revenues and costs. All metrics are calculated using Total Governmental Funds data.