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City of Colorado Springs
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Colorado
County
El Paso County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Colorado Springs show a net position of $104.4M, with assets outpacing liabilities. The financial position includes $178.2M in total assets offset by $43.9M in liabilities, reflecting a solid financial foundation at a 4.06 ratio. Fiscal operations produced a negative result, with $422.4M in expenditures against $371.0M in revenues, creating a deficit of $12.1M. The -3.3% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.