|
City of Covina
Loading map...
Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Los Angeles County
FY Period
FY 2024
MuniScore
Score not available
Sign up to see the full dashboard
Get the complete financial breakdown, MuniScore details, balance sheets, income statements, and more for City of Covina and 14,800+ other municipalities.
Sign up free — 7-day trial
View up to 10 municipality dashboards free during your trial.
No credit card required.
Already have an account?
Log inFinancial Summary
City of Covina closed FY2024 with a net position of $39.3M, indicating a solid financial foundation. With $46.9M in assets and $6.9M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 6.75. Revenues totaling $58.0M surpassed expenditures of $48.6M, generating a $9.5M surplus. A 16.3% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.