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City of Lamar, Colorado
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Colorado
County
Prowers County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Lamar closed FY2024 with a net position of $6.3M, indicating a solid financial foundation. With $8.7M in assets and $2.4M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 3.65. Expenditures of $11.7M exceeded revenues of $3.0M, resulting in a $8.7M deficit. A -286.7% margin points to structural budget challenges. All metrics are calculated using General Fund data.