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New Hanover Township
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Municipality & ACFR Details
Type
Unknown
State
Pennsylvania
County
Montgomery County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, New Hanover Township maintained a positive net position of $2.4M, demonstrating financial stability. Total assets of $2.6M compared to liabilities of $171.9K indicate robust financial health, yielding a coverage ratio of 15.25. The government recorded an operating deficit of $357.0K, as spending of $5.6M outpaced revenues of $5.3M. At -6.8%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.