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City of Newport
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oregon
County
Lincoln County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Newport maintained a positive fund balance of $6.8M, demonstrating financial stability. Total assets of $8.8M compared to liabilities of $1.1M indicate robust financial health, yielding a coverage ratio of 8.23. The government recorded an operating deficit of $392.8K, as spending of $14.5M outpaced revenues of $17.3M. At -2.3%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.