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City of Salisbury
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Maryland
County
Wicomico County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Salisbury reported a fund balance of $21.7M, reflecting a healthy financial position. The balance sheet reflects total assets of $27.6M against liabilities of $2.4M, representing a strong financial position with an assets-to-liabilities ratio of 11.51. Operating results were favorable, with revenues of $51.6M exceeding expenditures of $52.0M by $733.3K. The 1.4% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.