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City of Gulfport, Mississippi
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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
City of Gulfport closed FY2024 with a net position of $31.2M, indicating a solid financial foundation. With $64.8M in assets and $4.6M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 14.05. Revenues totaling $72.3M surpassed expenditures of $65.8M, generating a $2.9M surplus. A 4.0% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.