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City of Newark Delaware
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Delaware
County
New Castle County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Newark Delaware show a fund balance of $11.3M, reflecting sound fiscal management. The financial position includes $19.6M in total assets offset by $2.0M in liabilities, reflecting a solid financial foundation at a 9.72 ratio. Fiscal operations produced a positive result, with $23.5M in revenues against $36.9M in expenditures, leaving a surplus of $4.0M. The healthy 16.9% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.