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Town of Topsham
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Municipality & ACFR Details
Type
Unknown
State
Maine
County
Sagadahoc County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Town of Topsham maintained a positive net position of $10.1M, demonstrating financial stability. Total assets of $12.4M compared to liabilities of $2.3M indicate robust financial health, yielding a coverage ratio of 5.31. The government achieved an operating surplus of $644.0K, as revenues of $27.1M outpaced spending of $26.8M. At 2.4%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.