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City of Nokomis
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Municipality & ACFR Details
Type
Unknown
State
Illinois
County
Montgomery County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Nokomis closed FY2024 with a fund balance of $1.3M, indicating a solid financial foundation. With $1.3M in assets and $1.3M in liabilities, the municipality shows adequate financial health and an assets-to-liabilities ratio of 1.00. Expenditures of $1.5M exceeded revenues of $1.3M, resulting in a $297.7K deficit. A -22.6% margin points to structural budget challenges. All metrics are calculated using General Fund data.