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City of Everett
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Washington
County
Snohomish County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Everett maintained a positive net position of $98.8M, demonstrating financial stability. Total assets of $114.1M compared to liabilities of $9.3M indicate robust financial health, yielding a coverage ratio of 12.27. The government recorded an operating deficit of $2.5M, as spending of $160.4M outpaced revenues of $144.0M. At -1.7%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.