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City of Methuen
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Massachusetts
County
Essex County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Methuen reported a fund balance of $38.1M, reflecting a healthy financial position. The balance sheet reflects total assets of $53.5M against liabilities of $7.3M, representing a strong financial position with an assets-to-liabilities ratio of 7.30. Operating results were favorable, with revenues of $218.3M exceeding expenditures of $211.3M by $7.3M. The 3.3% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.