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City of Daly City
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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
In FY2024, City of Daly City maintained a positive net position of $76.9M, demonstrating financial stability. Total assets of $106.0M compared to liabilities of $20.9M indicate robust financial health, yielding a coverage ratio of 5.08. The government recorded an operating deficit of $1.3M, as spending of $117.5M outpaced revenues of $124.7M. At -1.0%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.