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City of Mount Pleasant
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Municipality & ACFR Details
Type
Unknown
State
Tennessee
County
Maury County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Mount Pleasant maintained a positive net position of $3.2M, demonstrating financial stability. Total assets of $7.1M compared to liabilities of $603.7K indicate robust financial health, yielding a coverage ratio of 11.82. The government recorded an operating deficit of $362.1K, as spending of $7.1M outpaced revenues of $6.7M. At -5.4%, the operating margin requires corrective fiscal action. All metrics are calculated using Total Governmental Funds data.