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City of Modesto
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Stanislaus County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Modesto maintained a positive net position of $83.1M, demonstrating financial stability. Total assets of $106.6M compared to liabilities of $15.7M indicate robust financial health, yielding a coverage ratio of 6.79. The government achieved an operating surplus of $33.9M, as revenues of $225.3M outpaced spending of $191.3M. At 15.1%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.