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City of Medford
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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
The FY2024 financial statements for City of Medford show a net position of $45.4M, with assets outpacing liabilities. The financial position includes $53.9M in total assets offset by $3.6M in liabilities, reflecting a solid financial foundation at a 15.10 ratio. Fiscal operations produced a positive result, with $210.8M in revenues against $203.3M in expenditures, leaving a surplus of $5.3M. The modest 2.5% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.