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City of Edmond, Oklahoma
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oklahoma
County
Oklahoma County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Edmond maintained a positive net position of $11.4M, demonstrating financial stability. Total assets of $14.8M compared to liabilities of $1.7M indicate robust financial health, yielding a coverage ratio of 8.51. The government recorded an operating deficit of $7.0M, as spending of $29.2M outpaced revenues of $82.1M. At -8.5%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.