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City of Rio Rancho
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New Mexico
County
Sandoval County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Rio Rancho show a fund balance of $74.9M, reflecting sound fiscal management. The financial position includes $82.0M in total assets offset by $4.6M in liabilities, reflecting a solid financial foundation at a 17.92 ratio. Fiscal operations produced a positive result, with $118.6M in revenues against $84.6M in expenditures, leaving a surplus of $9.8M. The 8.3% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.