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City of Fairfield
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Solano County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Fairfield reported a net position of $249.4M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $298.7M against liabilities of $27.4M, representing a strong financial position with an assets-to-liabilities ratio of 10.89. Operating results were favorable, with revenues of $205.5M exceeding expenditures of $196.3M by $15.2M. The 7.4% operating margin reflects sound fiscal practices. All metrics are calculated using Total Governmental Funds data.