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City of College Park, Maryland
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Municipality & ACFR Details
Type
Municipality-Dependent Housing Authority
State
Maryland
County
Prince George's County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of College Park show a net position of $11.5M, with assets outpacing liabilities. The financial position includes $17.8M in total assets offset by $5.6M in liabilities, reflecting a solid financial foundation at a 3.21 ratio. Fiscal operations produced a positive result, with $27.3M in revenues against $23.1M in expenditures, leaving a surplus of $2.6M. The 9.6% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.