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City of Opa-locka
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Municipality & ACFR Details
Type
Unknown
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 Opa-locka maintained a positive fund balance of $8.6M, demonstrating financial stability. Total assets of $43.3M compared to liabilities of $34.6M indicate balanced fiscal standing, yielding a coverage ratio of 1.25. The government recorded an operating deficit of $2.3M, as spending of $29.4M outpaced revenues of $23.9M. At -9.6%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.