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City of Independence
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Missouri
County
Jackson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Independence reported a net position of $15.6M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $29.8M against liabilities of $5.4M, representing a strong financial position with an assets-to-liabilities ratio of 5.56. Operating results were favorable, with revenues of $62.6M exceeding expenditures of $80.2M by $4.6M. The 7.3% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.