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Incorporated Village of Farmingdale
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Municipality & ACFR Details
Type
Unknown
State
New York
County
Nassau County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Incorporated Village of Farmingdale maintained a positive net position of $7.9M, demonstrating financial stability. Total assets of $10.8M compared to liabilities of $353.7K indicate robust financial health, yielding a coverage ratio of 30.62. The government achieved an operating surplus of $567.6K, as revenues of $8.4M outpaced spending of $7.9M. At 6.7%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.