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City of Coalinga
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Coalinga reported a net position of $16.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $18.2M against liabilities of $1.2M, representing a strong financial position with an assets-to-liabilities ratio of 15.46. Operating results showed a shortfall, with expenditures of $15.3M exceeding revenues of $16.1M by $529.4K. The -3.3% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.