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City of Cushing
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oklahoma
County
Payne County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Cushing show a net position of $9.0M, with assets outpacing liabilities. The financial position includes $20.4M in total assets offset by $11.4M in liabilities, reflecting favorable financial conditions at a 1.79 ratio. Fiscal operations produced a negative result, with $9.7M in expenditures against $10.6M in revenues, creating a deficit of $78.1K. The -0.7% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.