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City of Lee's Summit, Missouri
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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 Lee's Summit reported a net position of $50.0M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $54.3M against liabilities of $4.3M, representing a strong financial position with an assets-to-liabilities ratio of 12.56. Operating results were favorable, with revenues of $190.1M exceeding expenditures of $184.2M by $5.9M. The 3.1% operating margin shows revenues aligned with expenditures. All metrics are calculated using Total Governmental Funds data.