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City of Springfield
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Illinois
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Springfield maintained a positive fund balance of $65.4M, demonstrating financial stability. Total assets of $117.9M compared to liabilities of $11.6M indicate robust financial health, yielding a coverage ratio of 10.14. The government recorded an operating deficit of $4.4M, as spending of $169.5M outpaced revenues of $165.2M. At -2.6%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.