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City of Morro Bay
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
San Luis Obispo County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Morro Bay maintained a positive net position of $16.6M, demonstrating financial stability. Total assets of $19.6M compared to liabilities of $1.5M indicate robust financial health, yielding a coverage ratio of 12.93. The government achieved an operating surplus of $1.4M, as revenues of $19.5M outpaced spending of $18.2M. At 7.3%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.