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Town of Farmington
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Municipality & ACFR Details
Type
Unknown
State
New York
County
Ontario County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
Town of Farmington ended FY2024 with a net position of -$847.6K, showing liabilities surpassing assets. With $13.6M in assets and $847.6K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 16.05. Expenditures of $5.0M exceeded revenues of $7.1M, resulting in a $1.3M deficit. A -17.7% margin points to structural budget challenges. All metrics are calculated using General Fund data.