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City of Newport, Rhode Island
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Rhode Island
County
Newport County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Newport closed FY2024 with a fund balance of $35.9M, indicating a solid financial foundation. With $69.9M in assets and $32.7M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 2.14. Revenues totaling $118.0M surpassed expenditures of $77.7M, generating a $4.8M surplus. A 4.0% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.