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City of East Ridge
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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
City of East Ridge closed FY2024 with a net position of $14.5M, indicating a solid financial foundation. With $22.1M in assets and $563.5K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 39.28. Revenues totaling $25.7M surpassed expenditures of $17.2M, generating a $2.7M surplus. A 10.3% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.