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City of Altamonte Springs
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Seminole County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Altamonte Springs maintained a positive net position of $20.8M, demonstrating financial stability. Total assets of $23.7M compared to liabilities of $2.9M indicate robust financial health, yielding a coverage ratio of 8.31. The government achieved an operating surplus of $1.3M, as revenues of $71.4M outpaced spending of $70.1M. At 1.8%, the margin reflects a balanced fiscal approach. All metrics are calculated using Total Governmental Funds data.