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City of Encinitas
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
San Diego County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Encinitas reported a net position of $34.0M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $48.5M against liabilities of $13.1M, representing a strong financial position with an assets-to-liabilities ratio of 3.71. Operating results showed a shortfall, with expenditures of $94.8M exceeding revenues of $106.1M by $875.1K. The -0.8% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.