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City of Kennewick
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Washington
County
Benton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Kennewick maintained a positive net position of $61.2M, demonstrating financial stability. Total assets of $86.0M compared to liabilities of $14.6M indicate robust financial health, yielding a coverage ratio of 5.88. The government achieved an operating surplus of $1.2M, as revenues of $66.1M outpaced spending of $59.9M. At 1.8%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.