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City of Monterey
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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
In FY2024, City of Monterey maintained a positive net position of $62.6M, demonstrating financial stability. Total assets of $87.2M compared to liabilities of $7.6M indicate robust financial health, yielding a coverage ratio of 11.40. The government achieved an operating surplus of $8.8M, as revenues of $104.8M outpaced spending of $95.6M. At 8.4%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.