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City of Effingham
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
Effingham County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Effingham show a net position of $22.2M, with assets outpacing liabilities. The financial position includes $23.3M in total assets offset by $1.1M in liabilities, reflecting a solid financial foundation at a 21.79 ratio. Fiscal operations produced a positive result, with $19.8M in revenues against $17.7M in expenditures, leaving a surplus of $2.1M. The healthy 10.8% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.