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City of Corning
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New York
County
Steuben County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Corning closed FY2024 with a net position of $24.1M, indicating a solid financial foundation. With $26.8M in assets and $2.7M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 10.05. Revenues totaling $21.0M surpassed expenditures of $15.6M, generating a $1.4M surplus. A 6.6% margin indicates sustainable fiscal operations. All metrics are calculated using General Fund data.