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City of Springfield
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oregon
County
Lane County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Springfield maintained a positive fund balance of $13.0M, demonstrating financial stability. Total assets of $17.4M compared to liabilities of $2.7M indicate robust financial health, yielding a coverage ratio of 6.43. The government achieved an operating surplus of $496.5K, as revenues of $45.2M outpaced spending of $44.6M. At 1.1%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.