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City of Paramount
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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 Paramount maintained a positive fund balance of $50.5M, demonstrating financial stability. Total assets of $54.9M compared to liabilities of $4.4M indicate robust financial health, yielding a coverage ratio of 12.39. The government achieved an operating surplus of $3.3M, as revenues of $47.2M outpaced spending of $43.9M. At 7.0%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.