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City of Palmetto
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Municipality & ACFR Details
Type
Unknown
State
Florida
County
Manatee County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Palmetto reported a fund balance of $21.7M, reflecting a healthy financial position. The balance sheet reflects total assets of $23.3M against liabilities of $650.5K, representing a strong financial position with an assets-to-liabilities ratio of 35.87. Operating results were favorable, with revenues of $18.2M exceeding expenditures of $16.0M by $3.3M. The 18.0% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.