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City of Falls City
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Nebraska
County
Richardson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Falls City recorded a net position of -$1.4M, reflecting accumulated obligations. Total assets of -$807.4K compared to liabilities of $590.8K indicate fiscal pressures, yielding a coverage ratio of -1.37. The government recorded an operating deficit of $2.1M, as spending of $6.4M outpaced revenues of $4.3M. At -49.6%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.