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City of Lake Worth Beach
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Palm Beach County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Lake Worth Beach closed FY2024 with a net position of $22.9M, indicating a solid financial foundation. With $24.5M in assets and $1.7M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 14.49. Revenues totaling $49.7M surpassed expenditures of $43.8M, generating a $5.7M surplus. A 11.5% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.