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City of Soledad
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Monterey County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Soledad closed FY2024 with a fund balance of $13.5M, indicating a solid financial foundation. With $14.4M in assets and $951.2K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 15.17. Revenues totaling $13.8M surpassed expenditures of $13.5M, generating a $390.8K surplus. A 2.8% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.