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City of Fitchburg
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Massachusetts
County
Worcester County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Fitchburg reported a net position of $36.1M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $43.6M against liabilities of $7.5M, representing a strong financial position with an assets-to-liabilities ratio of 5.83. Operating results showed a shortfall, with expenditures of $184.0M exceeding revenues of $180.8M by $3.2M. The -1.8% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.