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City of Lewes, Delaware
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Municipality & ACFR Details
Type
Unknown
State
Delaware
County
Sussex County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Lewes show a net position of $7.3M, with assets outpacing liabilities. The financial position includes $10.2M in total assets offset by $212.2K in liabilities, reflecting a solid financial foundation at a 47.90 ratio. Fiscal operations produced a negative result, with $9.2M in expenditures against $9.1M in revenues, creating a deficit of $96.4K. The -1.1% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.