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City of Gainesville
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Alachua County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Gainesville maintained a positive net position of $206.4M, demonstrating financial stability. Total assets of $225.8M compared to liabilities of $17.2M indicate robust financial health, yielding a coverage ratio of 13.13. The government achieved an operating surplus of $6.0M, as revenues of $142.3M outpaced spending of $136.6M. At 4.2%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.