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City of Lakeland, Georgia
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Municipality & ACFR Details
Type
Unknown
State
Georgia
County
Lanier County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Lakeland reported a net position of $2.3M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $2.5M against liabilities of $25.2K, representing a strong financial position with an assets-to-liabilities ratio of 98.25. Operating results were favorable, with revenues of $2.2M exceeding expenditures of $2.0M by $176.0K. The 8.1% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.