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Town of Lyme, Connecticut
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Municipality & ACFR Details
Type
Unknown
State
Connecticut
County
Lower Connecticut River Valley Planning Region
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Town of Lyme show a net position of $5.1M, with assets outpacing liabilities. The financial position includes $7.6M in total assets offset by $962.0K in liabilities, reflecting a solid financial foundation at a 7.90 ratio. Fiscal operations produced a negative result, with $12.5M in expenditures against $11.9M in revenues, creating a deficit of $501.7K. The -4.2% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.