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City of Ocean Springs, Mississippi
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Mississippi
County
Jackson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Ocean Springs show a fund balance of $11.8M, reflecting sound fiscal management. The financial position includes $19.4M in total assets offset by $6.4M in liabilities, reflecting a solid financial foundation at a 3.01 ratio. Fiscal operations produced a negative result, with $19.5M in expenditures against $19.3M in revenues, creating a deficit of $122.5K. The -0.6% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.