|
City of Melrose
Loading map...
Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Massachusetts
County
Middlesex County
FY Period
FY 2024
MuniScore
Score not available
Sign up to see the full dashboard
Get the complete financial breakdown, MuniScore details, balance sheets, income statements, and more for City of Melrose and 14,800+ other municipalities.
Sign up free — 7-day trial
View up to 10 municipality dashboards free during your trial.
No credit card required.
Already have an account?
Log inFinancial Summary
In FY2024, City of Melrose maintained a positive net position of $19.6M, demonstrating financial stability. Total assets of $25.1M compared to liabilities of $2.6M indicate robust financial health, yielding a coverage ratio of 9.69. The government recorded an operating deficit of $2.6M, as spending of $152.9M outpaced revenues of $140.6M. At -1.8%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using Total Governmental Funds data.