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City of Cambridge
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Massachusetts
County
Middlesex County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Cambridge reported a negative net position of -$150.6M, indicating liabilities exceeded assets. The balance sheet reflects total assets of $1.0B against liabilities of $150.6M, representing a strong financial position with an assets-to-liabilities ratio of 6.90. Operating results were favorable, with revenues of $915.1M exceeding expenditures of $831.9M by $61.8M. The 6.8% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.