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City of Newark
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Alameda County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Newark closed FY2024 with a fund balance of $72.9M, indicating a solid financial foundation. With $81.1M in assets and $8.2M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 9.93. Revenues totaling $83.4M surpassed expenditures of $69.6M, generating a $6.2M surplus. A 7.5% margin indicates sustainable fiscal operations. All metrics are calculated using General Fund data.