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City of Calumet City
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
Cook County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Calumet City closed FY2024 with a net position of $16.3M, indicating a solid financial foundation. With $30.8M in assets and $6.2M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 4.99. Expenditures of $49.7M exceeded revenues of $47.5M, resulting in a $2.8M deficit. A -5.8% margin points to structural budget challenges. All metrics are calculated using General Fund data.