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City of Annapolis
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maryland
County
Anne Arundel County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Annapolis show a net position of $42.7M, with assets outpacing liabilities. The financial position includes $57.4M in total assets offset by $6.2M in liabilities, reflecting a solid financial foundation at a 9.32 ratio. Fiscal operations produced a positive result, with $100.5M in revenues against $93.9M in expenditures, leaving a surplus of $3.4M. The modest 3.4% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.