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City of Los Angeles
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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 Los Angeles show a net position of $1.4B, with assets outpacing liabilities. The financial position includes $3.3B in total assets offset by $1.0B in liabilities, reflecting a solid financial foundation at a 3.21 ratio. Fiscal operations produced a negative result, with $6.8B in expenditures against $6.9B in revenues, creating a deficit of $415.9M. The -6.0% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.