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City of North Lauderdale, Florida
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Broward County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of North Lauderdale maintained a positive fund balance of $64.7M, demonstrating financial stability. Total assets of $83.5M compared to liabilities of $11.5M indicate robust financial health, yielding a coverage ratio of 7.28. The government achieved an operating surplus of $8.5M, as revenues of $52.4M outpaced spending of $43.9M. At 16.2%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.