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City of Kodiak
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alaska
County
Kodiak Island Borough
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Kodiak maintained a positive net position of $12.5M, demonstrating financial stability. Total assets of $14.0M compared to liabilities of $815.1K indicate robust financial health, yielding a coverage ratio of 17.23. The government recorded an operating deficit of $4.7M, as spending of $19.5M outpaced revenues of $24.3M. At -19.5%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.