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City of Cumberland
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Municipality & ACFR Details
Type
Unknown
State
Wisconsin
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Cumberland show a net position of $818.9K, with assets outpacing liabilities. The financial position includes $3.3M in total assets offset by $707.6K in liabilities, reflecting a solid financial foundation at a 4.62 ratio. Fiscal operations produced a negative result, with $4.6M in expenditures against $3.6M in revenues, creating a deficit of $521.0K. The -14.6% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.