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City of South Milwaukee
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Wisconsin
County
Milwaukee County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of South Milwaukee maintained a positive fund balance of $46.2M, demonstrating financial stability. Total assets of $66.0M compared to liabilities of $2.7M indicate robust financial health, yielding a coverage ratio of 24.26. The government achieved an operating surplus of $4.9M, as revenues of $20.5M outpaced spending of $18.1M. At 23.9%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.