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City of Cathedral City
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Riverside County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Cathedral City show a net position of $45.7M, with assets outpacing liabilities. The financial position includes $52.3M in total assets offset by $5.2M in liabilities, reflecting a solid financial foundation at a 10.03 ratio. Fiscal operations produced a positive result, with $69.1M in revenues against $65.3M in expenditures, leaving a surplus of $2.5M. The modest 3.7% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.