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City of Los Banos
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Merced County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Los Banos show a net position of $41.7M, with assets outpacing liabilities. The financial position includes $46.9M in total assets offset by $3.0M in liabilities, reflecting a solid financial foundation at a 15.37 ratio. Fiscal operations produced a positive result, with $31.1M in revenues against $27.9M in expenditures, leaving a surplus of $3.0M. The 9.8% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.