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City of Elyria
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Lorain County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Elyria reported a net position of $17.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $25.3M against liabilities of $2.7M, representing a strong financial position with an assets-to-liabilities ratio of 9.22. Operating results were favorable, with revenues of $33.2M exceeding expenditures of $32.3M by $859.7K. The 2.6% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.