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City of Long Beach
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New York
County
Nassau County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Long Beach maintained a positive net position of $16.3M, demonstrating financial stability. Total assets of $28.8M compared to liabilities of $10.3M indicate robust financial health, yielding a coverage ratio of 2.80. The government recorded an operating deficit of $174.1K, as spending of $89.1M outpaced revenues of $99.6M. At -0.2%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.