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City of Ridgeland
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Mississippi
County
Madison County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Ridgeland reported a fund balance of $34.6M, reflecting a healthy financial position. The balance sheet reflects total assets of $43.4M against liabilities of $2.1M, representing a strong financial position with an assets-to-liabilities ratio of 20.46. Operating results were favorable, with revenues of $34.3M exceeding expenditures of $29.5M by $5.0M. The 14.6% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.