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City of King City
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Monterey County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of King City reported a negative net position of -$425.1K, indicating liabilities exceeded assets. The balance sheet reflects total assets of $6.0M against liabilities of $985.1K, representing a strong financial position with an assets-to-liabilities ratio of 6.08. Operating results were favorable, with revenues of $12.4M exceeding expenditures of $10.8M by $1.8M. The 14.9% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.