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City of Palo Alto
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Santa Clara County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Palo Alto closed FY2024 with a fund balance of $106.7M, indicating a solid financial foundation. With $124.5M in assets and $14.1M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 8.84. Revenues totaling $242.1M surpassed expenditures of $226.7M, generating a $904.0K surplus. A 0.4% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.