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City of New Britain, Connecticut
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Connecticut
County
Capitol Planning Region
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of New Britain reported a fund balance of $34.9M, reflecting a healthy financial position. The balance sheet reflects total assets of $77.0M against liabilities of $15.0M, representing a strong financial position with an assets-to-liabilities ratio of 5.12. Operating results were favorable, with revenues of $303.6M exceeding expenditures of $294.9M by $9.8M. The 3.2% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.