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City of Petaluma
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Sonoma County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Petaluma show a fund balance of $11.5M, reflecting sound fiscal management. The financial position includes $16.4M in total assets offset by $4.6M in liabilities, reflecting a solid financial foundation at a 3.59 ratio. Fiscal operations produced a negative result, with $70.9M in expenditures against $72.5M in revenues, creating a deficit of $7.1M. The -9.9% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.