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City of Burlington, Vermont
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Vermont
County
Chittenden County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Burlington maintained a positive net position of $14.8M, demonstrating financial stability. Total assets of $19.5M compared to liabilities of $4.7M indicate robust financial health, yielding a coverage ratio of 4.18. The government recorded an operating deficit of $5.6M, as spending of $85.2M outpaced revenues of $77.2M. At -7.3%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.