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City of Cambridge, Maryland
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maryland
County
Dorchester County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Cambridge reported a net position of $15.8M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $17.1M against liabilities of $849.3K, representing a strong financial position with an assets-to-liabilities ratio of 20.10. Operating results were favorable, with revenues of $16.5M exceeding expenditures of $15.1M by $2.3M. The 13.8% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.