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City of Elmira
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New York
County
Chemung County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Elmira reported a net position of $2.3M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $18.9M against liabilities of $16.1M, representing a stable financial position with an assets-to-liabilities ratio of 1.17. Operating results showed a shortfall, with expenditures of $43.2M exceeding revenues of $41.7M by $5.1M. The -12.3% margin indicates a significant revenue-expenditure gap. All metrics are calculated using General Fund data.