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City of Lynnwood
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Washington
County
Snohomish County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Lynnwood reported a net position of $33.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $40.9M against liabilities of $3.5M, representing a strong financial position with an assets-to-liabilities ratio of 11.71. Operating results showed a shortfall, with expenditures of $65.0M exceeding revenues of $72.6M by $1.6M. The -2.2% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.