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City of Newport Beach
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
Orange County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Newport Beach reported a fund balance of $96.4M, reflecting a healthy financial position. The balance sheet reflects total assets of $195.4M against liabilities of $21.4M, representing a strong financial position with an assets-to-liabilities ratio of 9.12. Operating results were favorable, with revenues of $296.6M exceeding expenditures of $262.7M by $5.0M. The 1.7% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.