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City of Freeport
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Municipality & ACFR Details
Type
Unknown
State
Florida
County
Walton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Freeport maintained a positive net position of $24.8M, demonstrating financial stability. Total assets of $26.9M compared to liabilities of $2.0M indicate robust financial health, yielding a coverage ratio of 13.38. The government achieved an operating surplus of $6.2M, as revenues of $13.3M outpaced spending of $7.1M. At 46.6%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.