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City of Maumee
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Municipality & ACFR Details
Type
Unknown
State
Ohio
County
Lucas County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Maumee reported a net position of $16.1M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $20.2M against liabilities of $1.2M, representing a strong financial position with an assets-to-liabilities ratio of 16.68. Operating results were favorable, with revenues of $21.3M exceeding expenditures of $18.3M by $935.2K. The 4.4% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.