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City of Margate, Fl
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
New York
County
Broward County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Margate maintained a positive net position of $55.1M, demonstrating financial stability. Total assets of $60.6M compared to liabilities of $5.4M indicate robust financial health, yielding a coverage ratio of 11.12. The government achieved an operating surplus of $4.7M, as revenues of $75.2M outpaced spending of $75.2M. At 6.2%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.