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Town of Sterling, Connectictu
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Municipality & ACFR Details
Type
Unknown
State
Connecticut
County
Northeastern Connecticut Planning Region
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Town of Sterling reported a net position of $4.7M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $6.8M against liabilities of $1.6M, representing a strong financial position with an assets-to-liabilities ratio of 4.16. Operating results were favorable, with revenues of $13.1M exceeding expenditures of $12.2M by $872.3K. The 6.7% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.