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Town of Essex, Connecticut
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Municipality & ACFR Details
Type
Unknown
State
Connecticut
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Town of Essex reported a net position of $6.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $8.5M against liabilities of $1.6M, representing a strong financial position with an assets-to-liabilities ratio of 5.44. Operating results were favorable, with revenues of $28.2M exceeding expenditures of $26.7M by $199.6K. The 0.7% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.