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City of Sebastian
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Indian River County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Sebastian reported a fund balance of $23.3M, reflecting a healthy financial position. The balance sheet reflects total assets of $28.6M against liabilities of $2.7M, representing a strong financial position with an assets-to-liabilities ratio of 10.47. Operating results were favorable, with revenues of $17.6M exceeding expenditures of $16.3M by $808.0K. The 4.6% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.