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City of Live Oak
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Suwannee County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Live Oak maintained a positive net position of $7.1M, demonstrating financial stability. Total assets of $8.3M compared to liabilities of $1.3M indicate robust financial health, yielding a coverage ratio of 6.51. The government recorded an operating deficit of $1.4M, as spending of $8.6M outpaced revenues of $7.2M. At -19.4%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.