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City of New Carrollton, Md
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Municipality & ACFR Details
Type
Unknown
State
Maryland
County
Prince George's County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of New Carrollton maintained a positive fund balance of $23.7M, demonstrating financial stability. Total assets of $25.9M compared to liabilities of $2.1M indicate robust financial health, yielding a coverage ratio of 12.04. The government achieved an operating surplus of $1.7M, as revenues of $15.3M outpaced spending of $13.7M. At 11.1%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.