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City of Memphis
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
Shelby County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Memphis maintained a positive net position of $194.2M, demonstrating financial stability. Total assets of $677.1M compared to liabilities of $68.6M indicate robust financial health, yielding a coverage ratio of 9.87. The government recorded an operating deficit of $20.4M, as spending of $834.7M outpaced revenues of $727.6M. At -2.8%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.