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City of Lockport, Illinois
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
Will County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Lockport show a net position of $15.7M, with assets outpacing liabilities. The financial position includes $25.3M in total assets offset by $2.6M in liabilities, reflecting a solid financial foundation at a 9.71 ratio. Fiscal operations produced a positive result, with $23.3M in revenues against $19.2M in expenditures, leaving a surplus of $4.0M. The healthy 17.3% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.