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City of Germantown
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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
For FY2024, City of Germantown reported a net position of $52.1M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $100.0M against liabilities of $5.4M, representing a strong financial position with an assets-to-liabilities ratio of 18.59. Operating results were favorable, with revenues of $73.3M exceeding expenditures of $61.8M by $5.3K. The 0.0% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.