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City of Sanibel, Florida
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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
In FY2024, City of Sanibel maintained a positive fund balance of $21.9M, demonstrating financial stability. Total assets of $23.3M compared to liabilities of $1.4M indicate robust financial health, yielding a coverage ratio of 16.16. The government achieved an operating surplus of $5.6M, as revenues of $22.3M outpaced spending of $20.4M. At 25.1%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.