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City of Belen
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New Mexico
County
Valencia County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Belen reported a net position of $7.8M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $8.3M against liabilities of $495.7K, representing a strong financial position with an assets-to-liabilities ratio of 16.83. Operating results were favorable, with revenues of $13.0M exceeding expenditures of $11.5M by $1.6M. The 12.1% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.