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City of South Daytona
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
Volusia County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of South Daytona maintained a positive fund balance of $8.1M, demonstrating financial stability. Total assets of $8.9M compared to liabilities of $741.7K indicate robust financial health, yielding a coverage ratio of 11.93. The government achieved an operating surplus of $1.1M, as revenues of $11.8M outpaced spending of $10.8M. At 8.9%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.