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City of Newman
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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
For FY2024, City of Newman reported a fund balance of $19.6M, reflecting a healthy financial position. The balance sheet reflects total assets of $23.1M against liabilities of $3.4M, representing a strong financial position with an assets-to-liabilities ratio of 6.70. Operating results showed a shortfall, with expenditures of $19.1M exceeding revenues of $19.0M by $63.9K. The -0.3% margin warrants attention to revenue and spending trends. All metrics are calculated using Total Governmental Funds data.