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City of Iowa City, Iowa
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Iowa
County
Johnson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Iowa City show a net position of $73.4M, with assets outpacing liabilities. The financial position includes $122.0M in total assets offset by $4.2M in liabilities, reflecting a solid financial foundation at a 28.76 ratio. Fiscal operations produced a positive result, with $58.3M in revenues against $62.0M in expenditures, leaving a surplus of $11.4M. The healthy 19.6% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.