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City of Norton
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Municipality & ACFR Details
Type
Unknown
State
Ohio
County
Summit County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Norton closed FY2024 with a fund balance of $5.6M, indicating a solid financial foundation. With $8.7M in assets and $442.6K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 19.66. Revenues totaling $11.7M surpassed expenditures of $8.3M, generating a $505.4K surplus. A 4.3% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.