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City of Ridgefield
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Washington
County
Clark County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Ridgefield maintained a positive fund balance of $7.0M, demonstrating financial stability. Total assets of $8.2M compared to liabilities of $983.5K indicate robust financial health, yielding a coverage ratio of 8.35. The government recorded an operating deficit of $16.5M, as spending of $42.5M outpaced revenues of $26.0M. At -63.2%, the operating margin requires corrective fiscal action. All metrics are calculated using Total Governmental Funds data.