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City of Ames
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Iowa
County
Story County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Ames reported a net position of $17.0M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $43.9M against liabilities of $2.2M, representing a strong financial position with an assets-to-liabilities ratio of 20.18. Operating results were favorable, with revenues of $33.4M exceeding expenditures of $37.3M by $706.0K. The 2.1% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.