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City of Folsom
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Sacramento County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Folsom closed FY2024 with a net position of $34.4M, indicating a solid financial foundation. With $74.1M in assets and $30.6M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 2.42. Revenues totaling $114.7M surpassed expenditures of $115.2M, generating a $3.6M surplus. A 3.2% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.