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City of Beloit
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Wisconsin
County
Rock County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Beloit maintained a positive net position of $28.7M, demonstrating financial stability. Total assets of $31.5M compared to liabilities of $2.9M indicate robust financial health, yielding a coverage ratio of 10.97. The government recorded an operating deficit of $9.0K, as spending of $38.3M outpaced revenues of $38.5M. At -0.0%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.