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City of Monrovia
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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
In FY2024, City of Monrovia maintained a positive net position of $9.3M, demonstrating financial stability. Total assets of $14.1M compared to liabilities of $3.7M indicate robust financial health, yielding a coverage ratio of 3.81. The government recorded an operating deficit of $2.9M, as spending of $63.8M outpaced revenues of $52.0M. At -5.5%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.