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City of Southaven
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Mississippi
County
DeSoto County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Southaven show a fund balance of $13.5M, reflecting sound fiscal management. The financial position includes $29.0M in total assets offset by $12.9M in liabilities, reflecting a solid financial foundation at a 2.25 ratio. Fiscal operations produced a positive result, with $74.6M in revenues against $69.7M in expenditures, leaving a surplus of $4.9M. The 6.6% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.