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City of Lynwood
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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
City of Lynwood closed FY2024 with a net position of $49.2M, indicating a solid financial foundation. With $63.2M in assets and $6.7M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 9.43. Expenditures of $39.7M exceeded revenues of $43.6M, resulting in a $675.9K deficit. A -1.5% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.