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City of Simi Valley
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Ventura County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Simi Valley maintained a positive fund balance of $78.1M, demonstrating financial stability. Total assets of $94.3M compared to liabilities of $7.3M indicate robust financial health, yielding a coverage ratio of 12.93. The government recorded an operating deficit of $1.1M, as spending of $82.8M outpaced revenues of $89.7M. At -1.2%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.