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Town of Baileyville, Maine
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Municipality & ACFR Details
Type
Unknown
State
Maine
County
Washington County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Town of Baileyville maintained a positive net position of $3.3M, demonstrating financial stability. Total assets of $9.3M compared to liabilities of $5.8M indicate sound financial standing, yielding a coverage ratio of 1.60. The government achieved an operating surplus of $148.9K, as revenues of $14.6M outpaced spending of $14.2M. At 1.0%, the margin reflects a balanced fiscal approach. All metrics are calculated using Total Governmental Funds data.