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City of Manchester
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
Coffee County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Manchester reported a net position of $15.7M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $22.8M against liabilities of $1.3M, representing a strong financial position with an assets-to-liabilities ratio of 18.08. Operating results were favorable, with revenues of $18.7M exceeding expenditures of $10.7M by $3.1M. The 16.8% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.