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City of North Adams, Massachusetts
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Massachusetts
County
Berkshire County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of North Adams show a fund balance of $5.0M, reflecting sound fiscal management. The financial position includes $13.4M in total assets offset by $2.5M in liabilities, reflecting a solid financial foundation at a 5.41 ratio. Fiscal operations produced a positive result, with $54.7M in revenues against $54.5M in expenditures, leaving a surplus of $401.0K. The modest 0.7% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.