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City of Lake Wales
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Calhoun County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Lake Wales show a net position of $1.8B, with assets outpacing liabilities. The financial position includes $1.8B in total assets offset by $57.1M in liabilities, reflecting a solid financial foundation at a 31.82 ratio. Fiscal operations produced a negative result, with $2.1B in expenditures against $331.8M in revenues, creating a deficit of $1.8B. The -531.8% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.