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City of Providence, Rhode Island
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Rhode Island
County
Providence County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Providence closed FY2024 with a fund balance of $30.6M, indicating a solid financial foundation. With $213.9M in assets and $158.1M in liabilities, the municipality shows adequate financial health and an assets-to-liabilities ratio of 1.35. Expenditures of $1.2B exceeded revenues of $1.1B, resulting in a $60.6M deficit. A -5.3% margin points to structural budget challenges. All metrics are calculated using Total Governmental Funds data.