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City of Cumberland, Maryland
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maryland
County
Allegany County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Cumberland show a net position of $27.9M, with assets outpacing liabilities. The financial position includes $36.5M in total assets offset by $8.5M in liabilities, reflecting a solid financial foundation at a 4.27 ratio. All metrics are calculated using General Fund data.