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City of Clinton
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Iowa
County
Clinton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Clinton maintained a positive net position of $3.3M, demonstrating financial stability. Total assets of $14.2M compared to liabilities of $1.4M indicate robust financial health, yielding a coverage ratio of 9.90. The government recorded an operating deficit of $1.1M, as spending of $22.3M outpaced revenues of $18.0M. At -6.4%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.