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City of Crisfield, Md
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maryland
County
Somerset County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Crisfield reported a net position of $379.8K, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $1.5M against liabilities of $232.5K, representing a strong financial position with an assets-to-liabilities ratio of 6.32. Operating results showed a shortfall, with expenditures of $4.7M exceeding revenues of $3.5M by $1.2M. The -35.8% margin indicates a significant revenue-expenditure gap. All metrics are calculated using General Fund data.