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City of Salem, Oregon
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oregon
County
Marion County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Salem closed FY2024 with a fund balance of $35.1M, indicating a solid financial foundation. With $49.4M in assets and $10.6M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 4.64. Expenditures of $157.3M exceeded revenues of $152.4M, resulting in a $4.9M deficit. A -3.2% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.