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City of Phoenix, Arizona
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Arizona
County
Maricopa County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Phoenix maintained a positive fund balance of $655.4M, demonstrating financial stability. Total assets of $1.0B compared to liabilities of $321.3M indicate robust financial health, yielding a coverage ratio of 3.12. The government achieved an operating surplus of $221.0M, as revenues of $2.2B outpaced spending of $1.8B. At 10.2%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.