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City of North Miami Beach, Fl
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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
The FY2024 financial statements for City of North Miami Beach show a fund balance of $54.3M, reflecting sound fiscal management. The financial position includes $61.1M in total assets offset by $6.1M in liabilities, reflecting a solid financial foundation at a 10.02 ratio. Fiscal operations produced a positive result, with $65.8M in revenues against $70.4M in expenditures, leaving a surplus of $5.7M. The 8.6% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.