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City of Ketchikan
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alaska
County
Ketchikan Gateway Borough
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Ketchikan reported a net position of $31.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $35.2M against liabilities of $3.3M, representing a strong financial position with an assets-to-liabilities ratio of 10.65. Operating results were favorable, with revenues of $35.0M exceeding expenditures of $32.4M by $1.2M. The 3.4% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.