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City of Rockland
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maine
County
Knox County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Rockland reported a fund balance of $11.3M, reflecting a healthy financial position. The balance sheet reflects total assets of $18.0M against liabilities of $5.3M, representing a strong financial position with an assets-to-liabilities ratio of 3.42. Operating results were favorable, with revenues of $31.4M exceeding expenditures of $30.1M by $1.6M. The 5.1% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.