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City of Havre De Grace, Maryland
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maryland
County
Harford County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Havre De Grace show a net position of $7.3M, with assets outpacing liabilities. The financial position includes $10.1M in total assets offset by $1.3M in liabilities, reflecting a solid financial foundation at a 7.75 ratio. Fiscal operations produced a negative result, with $20.7M in expenditures against $19.2M in revenues, creating a deficit of $744.9K. The -3.9% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.