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City of Binghamton, New York
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New York
County
Broome County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Binghamton reported a net position of $20.6M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $38.3M against liabilities of $17.7M, representing a strong financial position with an assets-to-liabilities ratio of 2.16. Operating results were favorable, with revenues of $82.6M exceeding expenditures of $72.5M by $2.6M. The 3.1% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.