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City of Biloxi
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Mississippi
County
Harrison County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Biloxi maintained a positive net position of $67.2M, demonstrating financial stability. Total assets of $82.2M compared to liabilities of $15.1M indicate robust financial health, yielding a coverage ratio of 5.46. The government recorded an operating deficit of $920.4K, as spending of $79.1M outpaced revenues of $77.2M. At -1.2%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.