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City of Hobbs
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New Mexico
County
Lea County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Hobbs reported a net position of $100.8M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $106.4M against liabilities of $4.8M, representing a strong financial position with an assets-to-liabilities ratio of 22.10. All metrics are calculated using General Fund data.