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City of Santa Monica
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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
For FY2024, City of Santa Monica reported a fund balance of $174.6M, reflecting a healthy financial position. The balance sheet reflects total assets of $240.9M against liabilities of $45.7M, representing a strong financial position with an assets-to-liabilities ratio of 5.27. Operating results were favorable, with revenues of $456.8M exceeding expenditures of $429.0M by $22.6M. The 5.0% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.