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City of Kaplan
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Louisiana
County
Vermilion Parish
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Kaplan maintained a positive net position of $444.8K, demonstrating financial stability. Total assets of $618.1K compared to liabilities of $173.4K indicate robust financial health, yielding a coverage ratio of 3.57. The government recorded an operating deficit of $121.5K, as spending of $3.5M outpaced revenues of $922.0K. At -13.2%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.