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City of Albuquerque
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New Mexico
County
Bernalillo County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Albuquerque closed FY2024 with a net position of $954.1M, indicating a solid financial foundation. With $1.2B in assets and $173.6M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 6.87. Expenditures of $781.3M exceeded revenues of $787.6M, resulting in a $71.7M deficit. A -9.1% margin points to structural budget challenges. All metrics are calculated using General Fund data.