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City of Foley, Alabama
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Florida
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Foley reported a net position of $69.3M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $75.9M against liabilities of $5.7M, representing a strong financial position with an assets-to-liabilities ratio of 13.29. Operating results showed a shortfall, with expenditures of $55.1M exceeding revenues of $72.0M by $303.5K. The -0.4% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.