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Borough of State College
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Pennsylvania
County
Centre County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Borough of State College show a net position of $21.2M, with assets outpacing liabilities. The financial position includes $24.8M in total assets offset by $2.0M in liabilities, reflecting a solid financial foundation at a 12.45 ratio. Fiscal operations produced a negative result, with $33.4M in expenditures against $36.5M in revenues, creating a deficit of $3.1M. The -8.4% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.