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City of Carrabelle, Fl
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Franklin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Carrabelle maintained a positive net position of $3.8M, demonstrating financial stability. Total assets of $4.4M compared to liabilities of $51.8K indicate robust financial health, yielding a coverage ratio of 84.91. The government achieved an operating surplus of $170.1K, as revenues of $3.1M outpaced spending of $2.8M. At 5.5%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.