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City of Homestead
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Miami-Dade County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Homestead reported a net position of $72.3M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $78.0M against liabilities of $5.8M, representing a strong financial position with an assets-to-liabilities ratio of 13.56. Operating results were favorable, with revenues of $76.6M exceeding expenditures of $65.7M by $11.1M. The 14.4% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.