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City of Macomb
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
McDonough County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Macomb maintained a positive net position of $11.8M, demonstrating financial stability. Total assets of $15.1M compared to liabilities of $522.7K indicate robust financial health, yielding a coverage ratio of 28.88. The government recorded an operating deficit of $1.7M, as spending of $15.7M outpaced revenues of $13.1M. At -13.1%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.