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City of Ardmore
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oklahoma
County
Carter County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Ardmore reported a negative net position of -$3.6M, indicating liabilities exceeded assets. The balance sheet reflects total assets of $31.8M against liabilities of $3.6M, representing a strong financial position with an assets-to-liabilities ratio of 8.83. Operating results were favorable, with revenues of $27.6M exceeding expenditures of $26.2M by $4.6M. The 16.7% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.