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City of East Palo Alto
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
San Mateo County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of East Palo Alto show a net position of $59.4M, with assets outpacing liabilities. The financial position includes $62.4M in total assets offset by $3.0M in liabilities, reflecting a solid financial foundation at a 21.01 ratio. Fiscal operations produced a positive result, with $37.7M in revenues against $28.0M in expenditures, leaving a surplus of $5.6M. The healthy 14.9% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.