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City of Brewer
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maine
County
Penobscot County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Brewer maintained a positive net position of $14.7M, demonstrating financial stability. Total assets of $21.9M compared to liabilities of $6.6M indicate robust financial health, yielding a coverage ratio of 3.32. The government achieved an operating surplus of $2.7M, as revenues of $48.9M outpaced spending of $45.5M. At 5.6%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.