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City of Norwich, 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
The FY2024 financial statements for City of Norwich show a fund balance of $20.2M, reflecting sound fiscal management. The financial position includes $81.9M in total assets offset by $56.9M in liabilities, reflecting steady financial conditions at a 1.44 ratio. Fiscal operations produced a negative result, with $149.2M in expenditures against $153.0M in revenues, creating a deficit of $760.0K. The -0.5% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.