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City of Satellite Beach
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Brevard County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Satellite Beach reported a fund balance of $5.5M, reflecting a healthy financial position. The balance sheet reflects total assets of $6.2M against liabilities of $621.2K, representing a strong financial position with an assets-to-liabilities ratio of 10.00. Operating results were favorable, with revenues of $16.8M exceeding expenditures of $16.0M by $832.5K. The 4.9% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.