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City of Gaithersburg
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maryland
County
Montgomery County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Gaithersburg maintained a positive net position of $89.9M, demonstrating financial stability. Total assets of $104.7M compared to liabilities of $5.2M indicate robust financial health, yielding a coverage ratio of 20.19. The government achieved an operating surplus of $23.0M, as revenues of $84.7M outpaced spending of $61.7M. At 27.1%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.