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City of Melbourne
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Brevard County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Melbourne show a net position of $65.0M, with assets outpacing liabilities. The financial position includes $85.1M in total assets offset by $14.5M in liabilities, reflecting a solid financial foundation at a 5.86 ratio. Fiscal operations produced a positive result, with $124.4M in revenues against $98.2M in expenditures, leaving a surplus of $11.4M. The 9.2% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.