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City of Elk Grove
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Sacramento County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Elk Grove maintained a positive net position of $129.8M, demonstrating financial stability. Total assets of $136.8M compared to liabilities of $7.0M indicate robust financial health, yielding a coverage ratio of 19.56. The government achieved an operating surplus of $31.9M, as revenues of $129.3M outpaced spending of $109.0M. At 24.7%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.