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City of Rockford, Illinois
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
Winnebago County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Rockford show a fund balance of $69.7M, reflecting sound fiscal management. The financial position includes $144.5M in total assets offset by $12.9M in liabilities, reflecting a solid financial foundation at a 11.17 ratio. Fiscal operations produced a negative result, with $208.4M in expenditures against $211.8M in revenues, creating a deficit of $51.3M. The -24.2% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.