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City of Grove
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oklahoma
County
Delaware County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Grove maintained a positive net position of $9.6M, demonstrating financial stability. Total assets of $11.0M compared to liabilities of $1.4M indicate robust financial health, yielding a coverage ratio of 7.94. The government achieved an operating surplus of $1.2M, as revenues of $8.5M outpaced spending of $6.8M. At 14.4%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.