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State of Maine
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Municipality & ACFR Details
Type
State-Wide
State
Maine
County
Kennebec County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, State of Maine reported a net position of $1.6B, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $2.6B against liabilities of $998.2M, representing a strong financial position with an assets-to-liabilities ratio of 2.61. Operating results showed a shortfall, with expenditures of $12.8B exceeding revenues of $12.5B by $66.8M. The -0.5% margin warrants attention to revenue and spending trends. All metrics are calculated using Total Governmental Funds data.