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City of Newport, Vermont
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Municipality & ACFR Details
Type
Unknown
State
Vermont
County
Orleans County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Newport reported a fund balance of $1.2M, reflecting a healthy financial position. The balance sheet reflects total assets of $3.1M against liabilities of $1.9M, representing a healthy financial position with an assets-to-liabilities ratio of 1.62. Operating results showed a shortfall, with expenditures of $12.7M exceeding revenues of $11.8M by $705.3K. The -6.0% margin indicates a significant revenue-expenditure gap. All metrics are calculated using General Fund data.