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City of Sarasota, Florida
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Sarasota County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Sarasota maintained a positive fund balance of $36.5M, demonstrating financial stability. Total assets of $45.0M compared to liabilities of $5.2M indicate robust financial health, yielding a coverage ratio of 8.61. The government achieved an operating surplus of $1.5M, as revenues of $99.8M outpaced spending of $98.3M. At 1.5%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.