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City of Choctaw, 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
The FY2024 financial statements for City of Choctaw reveal a net position of -$1.2M, with total liabilities exceeding assets. The financial position includes $11.8M in total assets offset by $1.2M in liabilities, reflecting a solid financial foundation at a 10.20 ratio. Fiscal operations produced a positive result, with $10.9M in revenues against $7.5M in expenditures, leaving a surplus of $3.4M. The healthy 31.5% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.