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Village of Albion
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New York
County
Orleans County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
Village of Albion closed FY2024 with a net position of $1.1M, indicating a solid financial foundation. With $1.5M in assets and $390.0K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 3.86. Expenditures of $4.7M exceeded revenues of $4.2M, resulting in a $439.5K deficit. A -10.4% margin points to structural budget challenges. All metrics are calculated using General Fund data.