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City of Defuniak Springs
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Walton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Defuniak Springs show a net position of $3.3M, with assets outpacing liabilities. The financial position includes $6.1M in total assets offset by $2.8M in liabilities, reflecting a solid financial foundation at a 2.17 ratio. Fiscal operations produced a negative result, with $11.8M in expenditures against $10.2M in revenues, creating a deficit of $640.0K. The -6.3% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.