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City of Colton
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
San Bernardino County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Colton maintained a positive net position of $57.7M, demonstrating financial stability. Total assets of $62.2M compared to liabilities of $4.5M indicate robust financial health, yielding a coverage ratio of 13.89. The government achieved an operating surplus of $554.3K, as revenues of $56.3M outpaced spending of $55.7M. At 1.0%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.