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City of San Jose
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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
In FY2024, City of San Jose maintained a positive fund balance of $675.1K, demonstrating financial stability. Total assets of $845.3K compared to liabilities of $144.7K indicate robust financial health, yielding a coverage ratio of 5.84. The government recorded an operating deficit of $87.4K, as spending of $2.3M outpaced revenues of $2.2M. At -3.9%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using Total Governmental Funds data.