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City of North Port, 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
The FY2024 financial statements for City of North Port show a fund balance of $34.4M, reflecting sound fiscal management. The financial position includes $47.3M in total assets offset by $10.4M in liabilities, reflecting a solid financial foundation at a 4.55 ratio. Fiscal operations produced a positive result, with $79.7M in revenues against $77.4M in expenditures, leaving a surplus of $5.6M. The 7.0% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.