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City of Durango
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Colorado
County
La Plata County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Durango closed FY2024 with a net position of $13.8M, indicating a solid financial foundation. With $21.0M in assets and $2.8M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 7.51. Expenditures of $54.1M exceeded revenues of $49.7M, resulting in a $2.4M deficit. A -4.9% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.