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City of Lake City, Florida
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Columbia County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Lake City maintained a positive net position of $29.2M, demonstrating financial stability. Total assets of $29.8M compared to liabilities of $590.0K indicate robust financial health, yielding a coverage ratio of 50.55. The government achieved an operating surplus of $1.3M, as revenues of $20.3M outpaced spending of $16.7M. At 6.4%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.