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City of Mt. Vernon Illinois
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
Jefferson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Mt. Vernon Illinois reported a net position of $19.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $21.5M against liabilities of $2.0M, representing a strong financial position with an assets-to-liabilities ratio of 10.76. Operating results were favorable, with revenues of $21.7M exceeding expenditures of $17.0M by $1.4M. The 6.2% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.