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City of Lynn
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Municipality & ACFR Details
Type
City/Town Government
State
Massachusetts
County
Essex County
FY Period
Jul 2021 - Jun 2022
MuniScore
Score not available
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Log inFinancial Summary
The FY2022 financial statements for City of Lynn show a net position of $83.3M, with assets outpacing liabilities. The financial position includes $87.6M in total assets offset by $4.3M in liabilities, reflecting a solid financial foundation at a 20.29 ratio. Fiscal operations produced a positive result, with $443.1M in revenues against $435.0M in expenditures, leaving a surplus of $4.8M. The modest 1.1% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.