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City of Gulf Shores, Alabama
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Alabama
County
Baldwin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Gulf Shores reveal a net position of -$3.2M, with total liabilities exceeding assets. The financial position includes $83.2M in total assets offset by $3.2M in liabilities, reflecting a solid financial foundation at a 25.88 ratio. Fiscal operations produced a positive result, with $84.4M in revenues against $53.3M in expenditures, leaving a surplus of $8.4M. The 10.0% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.