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City of Carlsbad
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New Mexico
County
Eddy County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Carlsbad closed FY2024 with a net position of $63.8M, indicating a solid financial foundation. With $67.2M in assets and $1.9M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 35.38. Revenues totaling $85.4M surpassed expenditures of $64.3M, generating a $7.8M surplus. A 9.1% margin indicates sustainable fiscal operations. All metrics are calculated using General Fund data.