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City of Hagerstown, Maryland
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maryland
County
Washington County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Hagerstown reported a net position of $24.6M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $38.7M against liabilities of $11.9M, representing a strong financial position with an assets-to-liabilities ratio of 3.27. Operating results were favorable, with revenues of $60.5M exceeding expenditures of $50.1M by $3.9M. The 6.4% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.