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City of Canyon Lake
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Municipality & ACFR Details
Type
Unknown
State
California
County
Riverside County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Canyon Lake show a net position of $7.2M, with assets outpacing liabilities. The financial position includes $8.1M in total assets offset by $834.3K in liabilities, reflecting a solid financial foundation at a 9.67 ratio. Fiscal operations produced a positive result, with $11.3M in revenues against $10.4M in expenditures, leaving a surplus of $1.4M. The healthy 12.8% margin signals disciplined fiscal operations. All metrics are calculated using Total Governmental Funds data.