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City of Ormond Beach, Florida
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Ormond Beach maintained a positive fund balance of $14.0M, demonstrating financial stability. Total assets of $17.5M compared to liabilities of $2.8M indicate robust financial health, yielding a coverage ratio of 6.19. The government achieved an operating surplus of $301.0K, as revenues of $40.3M outpaced spending of $44.1M. At 0.7%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.