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City of Richland, Mississippi
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Mississippi
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Richland reported a fund balance of $10.1M, reflecting a healthy financial position. The balance sheet reflects total assets of $12.1M against liabilities of $681.8K, representing a strong financial position with an assets-to-liabilities ratio of 17.75. Operating results were favorable, with revenues of $15.2M exceeding expenditures of $13.4M by $1.6M. The 10.2% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.