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City of Groton, Connecticut
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Connecticut
County
Southeastern Connecticut Planning Region
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Groton closed FY2024 with a net position of $9.2M, indicating a solid financial foundation. With $9.9M in assets and $556.7K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 17.71. Revenues totaling $15.2M surpassed expenditures of $17.5M, generating a $483.5K surplus. A 3.2% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.