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City of La Verne
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Los Angeles County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of La Verne show a net position of $20.3M, with assets outpacing liabilities. The financial position includes $25.1M in total assets offset by $3.2M in liabilities, reflecting a solid financial foundation at a 7.92 ratio. Fiscal operations produced a positive result, with $64.7M in revenues against $61.9M in expenditures, leaving a surplus of $5.5M. The 8.6% margin demonstrates balanced budget execution. All metrics are calculated using Total Governmental Funds data.