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City of Lafayette
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Colorado
County
Boulder County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Lafayette maintained a positive net position of $33.9M, demonstrating financial stability. Total assets of $53.4M compared to liabilities of $5.1M indicate robust financial health, yielding a coverage ratio of 10.43. The government recorded an operating deficit of $4.5M, as spending of $46.3M outpaced revenues of $46.4M. At -9.6%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.