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City of Chelsea
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Massachusetts
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Chelsea show a net position of $82.6M, with assets outpacing liabilities. The financial position includes $100.1M in total assets offset by $8.7M in liabilities, reflecting a solid financial foundation at a 11.48 ratio. Fiscal operations produced a positive result, with $265.5M in revenues against $237.7M in expenditures, leaving a surplus of $11.9M. The modest 4.5% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.