Office of Economic & Demographic Research
The Florida Legislature

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Expenditures and Revenues Reported by Florida's Municipal Governments

Local governments are accountable for the manner in which they spend public funds, and the submission of financial reports required by state law is one method of demonstrating accountability. Two types of local government financial reporting are the Annual Financial Audit and the Annual Financial Report (AFR).

Section 218.39, F.S., requires all counties and those municipalities that meet a certain threshold for revenues or expenditures to have an annual financial audit of their accounts and records conducted by an independent certified public accountant within nine months after the end of its fiscal year. The statute requires these annual municipal financial audit reports to be filed with the State of Florida's Auditor General.

Section 218.32, F.S., requires counties, municipalities, and special districts to complete and submit to the Florida Department of Financial Services (DFS) a copy of its annual financial report (i.e., AFR) for the previous fiscal year no later than nine months after the end of the fiscal year. The AFR is not an audit but rather a unique financial document completed using a format (i.e., Uniform Accounting System Manual) prescribed by the DFS.

The Department of Financial Services (DFS) has created a web-based, Florida Open Financial Statement System, which allows interested parties to view and/or download local government financial data. Users can view or download AFRs submitted by local governments, create system-generated reports, and create customized reports for the years 2012 through 2023 from the Public Reports Menu.

Using AFR data obtained from these reporting systems, EDR staff prepared the following tabulations, which list individual municipal government's expenditure and revenue totals by account code and fund type for the most recent local fiscal years. Future and prior fiscal years will be added as the data become available and/or can be tabulated. For some municipalities, data are not available for all fiscal years. A glossary of select financial terms used in these tabulations is available.

Several former municipalities disincorporated in recent years (i.e., Cedar Grove in 2008, Islandia in 2012, Hastings in 2018, and Weeki Wachee in 2020). Data files for those municipalities have been removed from this listing.

IMPORTANT MESSAGE REGARDING THE USE OF THESE DATA

In preparation for the implementation of GASB Statement No. 87, the Department of Financial Services added the Custodial Fund column to the Annual Financial Report in FY 2020-21. Custodial Fund reporting is used to account for assets held by a government in a purely custodial capacity. For example, a county or municipal government might collect taxes or other revenues on behalf of other agencies or local governments, and these transactions would be recorded in the Custodial Fund. Since fiscal years prior to FY 2020-21 did not include Custodial Fund reporting, the account totals for FY 2020-21 and thereafter may not be directly comparable.

Persons interested in reviewing 2021-2024 revenues or expenditures for an individual municipal government, minus the impact of any Custodial Fund reporting, can simply open the relevant Excel file and delete the Custodial column (i.e., Column M). Since the figures in the Total Account and Per Capita Accounts columns are formula-driven, these amounts will automatically recalculate when Column M is deleted.

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Last Revised: June 25, 2025