The Stockton general fund grew by $27.7 million for the 2023-34 fiscal year, an improvement of 13.4% from the prior fiscal year.
The Annual Comprehensive Financial Report (ACFR) for the Stockton 2023-24 fiscal year was approved by the Stockton Audit Committee during their meeting on Monday. It provides a snapshot of the city’s overall financial activities, including revenues, expenditures, assets and liabilities across all funds – not just the general fund.
The report is required annually by the Stockton City Charter, as well as federal and state grant agreements and bond obligations, to ensure transparency and compliance…