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City of Loudon, Tennessee
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Loudon maintained a positive net position of $15.4M, demonstrating financial stability. Total assets of $16.0M compared to liabilities of $615.5K indicate robust financial health, yielding a coverage ratio of 25.95. The government achieved an operating surplus of $724.9K, as revenues of $9.7M outpaced spending of $10.3M. At 7.5%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.