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City of Portland Maine
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maine
County
Cumberland County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Portland Maine reported a fund balance of $124.4M, reflecting a healthy financial position. The balance sheet reflects total assets of $163.6M against liabilities of $30.5M, representing a strong financial position with an assets-to-liabilities ratio of 5.37. Operating results were favorable, with revenues of $381.2M exceeding expenditures of $357.7M by $13.9M. The 3.7% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.