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Town of Colebrook
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Municipality & ACFR Details
Type
Unknown
State
Connecticut
County
Northwest Hills Planning Region
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Town of Colebrook maintained a positive net position of $1.6M, demonstrating financial stability. Total assets of $1.8M compared to liabilities of $49.3K indicate robust financial health, yielding a coverage ratio of 37.34. The government achieved an operating surplus of $27.2K, as revenues of $7.5M outpaced spending of $7.0M. At 0.4%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.