City of Commerce City’s Annual Comprehensive Financial Report

Summary

The City of Commerce City’s Annual Comprehensive Financial Report for the calendar year ended December 31, 2024, provides an overview of the City’s financial performance. The report highlights the City’s strong financial position, with a total net position of $540,007,961. The City’s assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources, resulting in a net position increase of $46,844,963. The report also discusses the City’s governmental funds, proprietary funds, and capital assets, as well as its long-term debt and economic conditions.

Details

Subject

City of Commerce City’s Annual Comprehensive Financial Report

Summary

The City of Commerce City’s Annual Comprehensive Financial Report for the calendar year ended December 31, 2024, provides an overview of the City’s financial performance. The report highlights the City’s strong financial position, with a total net position of $540,007,961. The City’s assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources, resulting in a net position increase of $46,844,963. The report also discusses the City’s governmental funds, proprietary funds, and capital assets, as well as its long-term debt and economic conditions.

Report Date

2024-12-31

Report Type

annual

Report Title

City of Commerce City’s Annual Comprehensive Financial Report

Authoring Body

City of Commerce City

Reporting Period

2024-01-01 to 2024-12-31