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City of Monmouth
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Municipality & ACFR Details
Type
Unknown
State
Oregon
County
Polk County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Monmouth maintained a positive net position of $1.1M, demonstrating financial stability. Total assets of $2.9M compared to liabilities of $956.6K indicate robust financial health, yielding a coverage ratio of 3.01. The government recorded an operating deficit of $530.3K, as spending of $11.4M outpaced revenues of $8.6M. At -6.2%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.