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Borough of Downingtown
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Municipality & ACFR Details
Type
Unknown
State
Pennsylvania
County
Chester County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Borough of Downingtown maintained a positive net position of $7.0M, demonstrating financial stability. Total assets of $7.3M compared to liabilities of $276.2K indicate robust financial health, yielding a coverage ratio of 26.47. The government recorded an operating deficit of $915.2K, as spending of $9.7M outpaced revenues of $9.7M. At -9.4%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.