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City of Sheffield Lake
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Municipality & ACFR Details
Type
City/Town Government
State
Ohio
County
Lorain 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 $4.1M. Total assets were $6.5M against total liabilities of $362K. For the General Fund, total revenues were $6.5M and expenditures were $5.2M. After other financing sources and uses, the net change in fund balance was $1.1M. The operating margin was 20.4%.