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Charter Township of Hampton
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Bay County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Charter Township of Hampton maintained a positive net position of $11.3M, demonstrating financial stability. Total assets of $12.5M compared to liabilities of $1.2M indicate robust financial health, yielding a coverage ratio of 10.55. The government achieved an operating surplus of $1.7M, as revenues of $5.1M outpaced spending of $3.4M. At 34.1%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.