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City of Corvallis
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oregon
County
Benton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Corvallis maintained a positive net position of $30.1M, demonstrating financial stability. Total assets of $40.7M compared to liabilities of $4.0M indicate robust financial health, yielding a coverage ratio of 10.23. The government achieved an operating surplus of $3.1M, as revenues of $74.1M outpaced spending of $65.7M. At 4.2%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.