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City of Hanford
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Tulare County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Hanford reported a net position of $74.8M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $86.6M against liabilities of $10.9M, representing a strong financial position with an assets-to-liabilities ratio of 7.96. Operating results were favorable, with revenues of $46.2M exceeding expenditures of $45.0M by $2.4M. The 5.2% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.