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City of Des Moines, Iowa
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Municipality & ACFR Details
Type
Municipality-Dependent Housing Authority
State
Iowa
County
Polk County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Des Moines maintained a positive net position of $92.6M, demonstrating financial stability. Total assets of $181.7M compared to liabilities of $8.4M indicate robust financial health, yielding a coverage ratio of 21.59. The government recorded an operating deficit of $10.9M, as spending of $200.1M outpaced revenues of $170.8M. At -6.4%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.