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City of Lovington
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Municipality & ACFR Details
Type
Unknown
State
New Mexico
County
Lea County
FY Period
Jul 2022 - Jun 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $12.0M. Total assets were $12.6M against total liabilities of $402K. For the General Fund, total revenues were $19.9M and expenditures were $9.6M. After other financing sources and uses, the net change in fund balance was $9.7M. The operating margin was 51.6%.