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City of Colfax, California
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Placer County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Colfax show a net position of $6.0M, with assets outpacing liabilities. The financial position includes $6.6M in total assets offset by $158.5K in liabilities, reflecting a solid financial foundation at a 41.65 ratio. Fiscal operations produced a positive result, with $3.2M in revenues against $2.2M in expenditures, leaving a surplus of $981.0K. The healthy 30.3% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.