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City of Haverhill
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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
In FY2024, City of Haverhill maintained a positive net position of $39.0M, demonstrating financial stability. Total assets of $43.0M compared to liabilities of $3.9M indicate robust financial health, yielding a coverage ratio of 10.98. The government achieved an operating surplus of $1.7M, as revenues of $263.4M outpaced spending of $261.2M. At 0.6%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.