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City of Kankakee
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
Kankakee County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Kankakee maintained a positive net position of $31.6M, demonstrating financial stability. Total assets of $40.5M compared to liabilities of $8.9M indicate robust financial health, yielding a coverage ratio of 4.56. The government achieved an operating surplus of $4.1M, as revenues of $36.9M outpaced spending of $28.1M. At 11.1%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.