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City of Reedsport
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Municipality & ACFR Details
Type
Unknown
State
Oregon
County
Douglas County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Reedsport closed FY2024 with a fund balance of $1.4M, indicating a solid financial foundation. With $1.7M in assets and $164.0K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 10.19. Expenditures of $3.5M exceeded revenues of $3.0M, resulting in a $1.2M deficit. A -38.9% margin points to structural budget challenges. All metrics are calculated using General Fund data.