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City of Menlo Park
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
San Mateo County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Menlo Park reveal a net position of -$14.2M, with total liabilities exceeding assets. The financial position includes $24.6M in total assets offset by $1.6M in liabilities, reflecting a solid financial foundation at a 15.12 ratio. Fiscal operations produced a negative result, with $15.6M in expenditures against $3.6M in revenues, creating a deficit of $2.6M. The -71.7% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.