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City of Galesburg
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
Knox County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Galesburg closed FY2024 with a net position of $11.2M, indicating a solid financial foundation. With $26.4M in assets and $5.6M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 4.76. Revenues totaling $31.4M surpassed expenditures of $30.0M, generating a $1.4M surplus. A 4.6% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.