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City of Ada, Oklahoma
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oklahoma
County
Pontotoc County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Ada reported a net position of $13.6M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $18.0M against liabilities of $657.2K, representing a strong financial position with an assets-to-liabilities ratio of 27.35. Operating results were favorable, with revenues of $17.1M exceeding expenditures of $17.0M by $2.8M. The 16.5% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.