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City of Garden Grove
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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
City of Garden Grove closed FY2024 with a net position of $165.5M, indicating a solid financial foundation. With $187.6M in assets and $15.0M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 12.50. Expenditures of $204.5M exceeded revenues of $185.0M, resulting in a $17.8M deficit. A -9.6% margin points to structural budget challenges. All metrics are calculated using General Fund data.