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City of Lorain
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Municipality & ACFR Details
Type
City/Town Government
State
Ohio
County
Lorain County
FY Period
Jan 2023 - Dec 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $18.6M. Total assets were $30.0M against total liabilities of $4.0M. For the General Fund, total revenues were $40.3M and expenditures were $36.4M. After other financing sources and uses, the net change in fund balance was $3.9M. The operating margin was 9.6%.