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City of Red Bank, Tennessee
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
Hamilton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Red Bank show a fund balance of $8.6M, reflecting sound fiscal management. The financial position includes $16.5M in total assets offset by $2.1M in liabilities, reflecting a solid financial foundation at a 8.04 ratio. Fiscal operations produced a negative result, with $13.0M in expenditures against $12.7M in revenues, creating a deficit of $318.9K. The -2.5% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.