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City of Davenport, Iowa
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Iowa
County
Scott County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Davenport maintained a positive net position of $36.7M, demonstrating financial stability. Total assets of $114.3M compared to liabilities of $3.4M indicate robust financial health, yielding a coverage ratio of 33.56. The government recorded an operating deficit of $548.8K, as spending of $89.2M outpaced revenues of $93.7M. At -0.6%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.