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City of Miami Springs
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Miami-Dade County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Miami Springs maintained a positive net position of $7.5M, demonstrating financial stability. Total assets of $9.3M compared to liabilities of $1.8M indicate robust financial health, yielding a coverage ratio of 5.24. The government recorded an operating deficit of $799.6K, as spending of $19.3M outpaced revenues of $20.6M. At -3.9%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.