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City of Elko, Nevada
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Nevada
County
Elko County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Elko reported a net position of $20.0M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $21.4M against liabilities of $1.3M, representing a strong financial position with an assets-to-liabilities ratio of 16.17. Operating results were favorable, with revenues of $28.6M exceeding expenditures of $26.6M by $2.0M. The 6.9% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.