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City of Delano
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Kern County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Delano maintained a positive net position of $47.2M, demonstrating financial stability. Total assets of $50.6M compared to liabilities of $2.6M indicate robust financial health, yielding a coverage ratio of 19.33. The government achieved an operating surplus of $8.0M, as revenues of $34.5M outpaced spending of $28.3M. At 23.2%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.