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City of Mt Shasta
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Municipality & ACFR Details
Type
Unknown
State
California
County
Siskiyou County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Mt Shasta show a net position of $1.7M, with assets outpacing liabilities. The financial position includes $2.2M in total assets offset by $546.1K in liabilities, reflecting a solid financial foundation at a 4.09 ratio. Fiscal operations produced a negative result, with $8.6M in expenditures against $8.2M in revenues, creating a deficit of $332.5K. The -4.1% margin indicates some pressure on fiscal balance. All metrics are calculated using Total Governmental Funds data.