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City of Martin
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
Weakley County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Martin maintained a positive net position of $873.0K, demonstrating financial stability. Total assets of $7.1M compared to liabilities of $1.6M indicate robust financial health, yielding a coverage ratio of 4.58. The government achieved an operating surplus of $4.6B, as revenues of $15.5M outpaced spending of $15.8M. At 29946.1%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.