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City of Gridley
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Butte County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Gridley closed FY2024 with a net position of $8.0M, indicating a solid financial foundation. With $8.9M in assets and $551.3K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 16.11. Expenditures of $7.0M exceeded revenues of $4.3M, resulting in a $5.1M deficit. A -120.5% margin points to structural budget challenges. All metrics are calculated using General Fund data.