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City of Leominster
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Massachusetts
County
Worcester County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Leominster reported a net position of $54.6M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $71.4M against liabilities of $8.6M, representing a strong financial position with an assets-to-liabilities ratio of 8.26. Operating results were favorable, with revenues of $187.8M exceeding expenditures of $177.2M by $1.2M. The 0.7% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.