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City of Lake Charles
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Louisiana
County
Calcasieu Parish
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Lake Charles maintained a positive net position of $51.4M, demonstrating financial stability. Total assets of $56.6M compared to liabilities of $5.2M indicate robust financial health, yielding a coverage ratio of 10.82. The government recorded an operating deficit of $3.8M, as spending of $81.3M outpaced revenues of $93.8M. At -4.0%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.