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City of Selma
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Fresno County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Selma reported a fund balance of $21.5M, reflecting a healthy financial position. The balance sheet reflects total assets of $23.5M against liabilities of $1.8M, representing a strong financial position with an assets-to-liabilities ratio of 13.04. Operating results showed a shortfall, with expenditures of $22.0M exceeding revenues of $18.1M by $838.3K. The -4.6% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.