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City of Oak Forest
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Municipality & ACFR Details
Type
Unknown
State
Illinois
County
Cook County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Oak Forest reported a fund balance of $14.8M, reflecting a healthy financial position. The balance sheet reflects total assets of $22.8M against liabilities of $1.1M, representing a strong financial position with an assets-to-liabilities ratio of 20.87. Operating results were favorable, with revenues of $26.7M exceeding expenditures of $25.0M by $1.9M. The 7.2% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.