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City of New London, Ct
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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
In FY2024, City of New London maintained a positive fund balance of $24.7M, demonstrating financial stability. Total assets of $41.0M compared to liabilities of $11.1M indicate robust financial health, yielding a coverage ratio of 3.69. The government achieved an operating surplus of $3.3M, as revenues of $111.8M outpaced spending of $100.1M. At 3.0%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.