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City of Newark
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Licking County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Newark closed FY2024 with a fund balance of $12.6M, indicating a solid financial foundation. With $23.4M in assets and $2.4M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 9.64. Expenditures of $39.0M exceeded revenues of $45.8M, resulting in a $268.7K deficit. A -0.6% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.