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City of Capitola
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Santa Cruz County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Capitola show a net position of $7.0M, with assets outpacing liabilities. The financial position includes $8.6M in total assets offset by $1.5M in liabilities, reflecting a solid financial foundation at a 5.57 ratio. Fiscal operations produced a negative result, with $19.7M in expenditures against $19.0M in revenues, creating a deficit of $3.9M. The -20.7% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.