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City of Mt. Carmel
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Municipality & ACFR Details
Type
Unknown
State
Illinois
County
Wabash County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Mt. Carmel maintained a positive net position of $4.6M, demonstrating financial stability. Total assets of $5.0M compared to liabilities of $324.5K indicate robust financial health, yielding a coverage ratio of 15.30. The government achieved an operating surplus of $446.6K, as revenues of $4.5M outpaced spending of $4.1M. At 9.9%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.