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City of Colusa
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Colusa County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Colusa maintained a positive net position of $882.0K, demonstrating financial stability. Total assets of $5.8M compared to liabilities of $2.4M indicate robust financial health, yielding a coverage ratio of 2.41. The government recorded an operating deficit of $809.5K, as spending of $9.5M outpaced revenues of $7.9M. At -10.2%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.