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City of Springhill
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Louisiana
County
Webster Parish
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Springhill closed FY2024 with a fund balance of $1.9M, indicating a solid financial foundation. With $2.7M in assets and $485.9K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 5.52. Expenditures of $4.7M exceeded revenues of $2.4M, resulting in a $113.1K deficit. A -4.7% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.