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City of Mustang
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oklahoma
County
Canadian County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Mustang maintained a positive net position of $11.9M, demonstrating financial stability. Total assets of $12.6M compared to liabilities of $716.3K indicate robust financial health, yielding a coverage ratio of 17.63. The government achieved an operating surplus of $767.9K, as revenues of $23.0M outpaced spending of $17.4M. At 3.3%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.