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City of Oak Ridge, Tennessee
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Tennessee
County
Anderson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Oak Ridge closed FY2024 with a fund balance of $35.3M, indicating a solid financial foundation. With $62.5M in assets and $2.7M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 23.39. Expenditures of $33.9M exceeded revenues of $58.2M, resulting in a $2.4M deficit. A -4.2% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.