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City of Norwalk
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Ohio
County
Huron County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Norwalk reported a fund balance of $5.7M, reflecting a healthy financial position. The balance sheet reflects total assets of $8.3M against liabilities of $297.7K, representing a strong financial position with an assets-to-liabilities ratio of 27.87. Operating results were favorable, with revenues of $9.9M exceeding expenditures of $7.7M by $1.3M. The 13.5% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.