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Board of Education of Cecil County
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Municipality & ACFR Details
Type
County-Dependent Local Education Agency (LEA)
State
Maryland
County
Cecil County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Board of Education of Cecil County reported a net position of $26.8M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $56.8M against liabilities of $30.0M, representing a healthy financial position with an assets-to-liabilities ratio of 1.89. Operating results were favorable, with revenues of $293.1M exceeding expenditures of $288.1M by $6.4M. The 2.2% operating margin shows revenues aligned with expenditures. All metrics are calculated using Total Governmental Funds data.