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Board of Education of Garrett County
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Municipality & ACFR Details
Type
County-Dependent Local Education Agency (LEA)
State
Maryland
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Board of Education of Garrett County maintained a positive net position of $10.6M, demonstrating financial stability. Total assets of $18.2M compared to liabilities of $7.5M indicate robust financial health, yielding a coverage ratio of 2.43. The government achieved an operating surplus of $2.9M, as revenues of $71.0M outpaced spending of $68.2M. At 4.0%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.