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City of Cocoa, Fl
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Brevard County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Cocoa maintained a positive net position of $56.7M, demonstrating financial stability. Total assets of $62.7M compared to liabilities of $4.0M indicate robust financial health, yielding a coverage ratio of 15.76. The government achieved an operating surplus of $11.7M, as revenues of $41.6M outpaced spending of $42.0M. At 28.2%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.