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Town of Colchester
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Municipality & ACFR Details
Type
Unknown
State
New York
County
Delaware County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Town of Colchester maintained a positive net position of $965.6K, demonstrating financial stability. Total assets of $1.3M compared to liabilities of $344.9K indicate robust financial health, yielding a coverage ratio of 3.80. The government recorded an operating deficit of $98.9K, as spending of $1.8M outpaced revenues of $1.7M. At -5.9%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.