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City of Miami
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Oklahoma
County
Ottawa County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Miami reveal a net position of -$390.6K, with total liabilities exceeding assets. The financial position includes $4.7M in total assets offset by $390.6K in liabilities, reflecting a solid financial foundation at a 11.91 ratio. Fiscal operations produced a negative result, with $12.3M in expenditures against $9.5M in revenues, creating a deficit of $696.6K. The -7.3% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.