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City of Granite City
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
Madison County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Granite City maintained a positive net position of $33.9M, demonstrating financial stability. Total assets of $48.2M compared to liabilities of $1.5M indicate robust financial health, yielding a coverage ratio of 31.18. The government achieved an operating surplus of $11.5M, as revenues of $41.1M outpaced spending of $30.9M. At 27.9%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.