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City of Grants
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New Mexico
County
Cibola County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Grants maintained a positive net position of $5.3M, demonstrating financial stability. Total assets of $5.7M compared to liabilities of $241.3K indicate robust financial health, yielding a coverage ratio of 23.65. The government recorded an operating deficit of $3.7M, as spending of $8.8M outpaced revenues of $11.3M. At -32.6%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.