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City of Alachua
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Alachua maintained a positive net position of $10.5M, demonstrating financial stability. Total assets of $11.6M compared to liabilities of $1.1M indicate robust financial health, yielding a coverage ratio of 10.92. The government achieved an operating surplus of $28.5M, as revenues of $13.9M outpaced spending of -$14.6M. At 204.6%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.