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City of Northlake, Illinois
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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
In FY2024, City of Northlake maintained a positive net position of $6.1M, demonstrating financial stability. Total assets of $14.8M compared to liabilities of $515.1K indicate robust financial health, yielding a coverage ratio of 28.67. The government recorded an operating deficit of $1.8M, as spending of $16.4M outpaced revenues of $22.6M. At -8.0%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.