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City of Salem
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Municipality & ACFR Details
Type
City/Town Government
State
Ohio
County
Columbiana County
FY Period
Jan 2020 - Dec 2020
MuniScore
Score not available
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Log inFinancial Summary
For FY2020, this municipality reported a total fund balance of $2.2M. Total assets were $4.0M against total liabilities of $318K. For the General Fund, total revenues were $5.6M and expenditures were $5.3M. After other financing sources and uses, the net change in fund balance was ($29K). The operating margin was 5.2%.