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City of Cape Coral
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Lee County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Cape Coral reported a net position of $115.0M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $134.2M against liabilities of $15.7M, representing a strong financial position with an assets-to-liabilities ratio of 8.55. Operating results were favorable, with revenues of $453.3M exceeding expenditures of $420.8M by $106.6M. The 23.5% operating margin reflects strong fiscal management. All metrics are calculated using Total Governmental Funds data.