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City of Fontana
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
California
County
San Bernardino County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Fontana maintained a positive net position of $104.0M, demonstrating financial stability. Total assets of $132.0M compared to liabilities of $16.3M indicate robust financial health, yielding a coverage ratio of 8.11. The government recorded an operating deficit of $13.2M, as spending of $171.1M outpaced revenues of $157.8M. At -8.4%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.