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City of Redwood City
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
San Mateo County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Redwood City show a fund balance of $120.1M, reflecting sound fiscal management. The financial position includes $158.4M in total assets offset by $38.3M in liabilities, reflecting a solid financial foundation at a 4.14 ratio. Fiscal operations produced a positive result, with $202.6M in revenues against $172.2M in expenditures, leaving a surplus of $14.6M. The 7.2% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.