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City of Gallup
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New Mexico
County
McKinley County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Gallup show a net position of $81.7M, with assets outpacing liabilities. The financial position includes $91.0M in total assets offset by $8.8M in liabilities, reflecting a solid financial foundation at a 10.37 ratio. Fiscal operations produced a positive result, with $7.2M in revenues against $4.7M in expenditures, leaving a surplus of $3.6M. The healthy 50.2% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.