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City of Lompoc
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Santa Barbara County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Lompoc reported a net position of $12.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $19.9M against liabilities of $5.3M, representing a strong financial position with an assets-to-liabilities ratio of 3.78. Operating results were favorable, with revenues of $48.1M exceeding expenditures of $51.0M by $380.3K. The 0.8% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.