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Charter Township of Texas
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Kalamazoo County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Charter Township of Texas show a net position of $4.7M, with assets outpacing liabilities. The financial position includes $6.1M in total assets offset by $345.7K in liabilities, reflecting a solid financial foundation at a 17.63 ratio. Fiscal operations produced a positive result, with $5.0M in revenues against $4.0M in expenditures, leaving a surplus of $39.3K. The modest 0.8% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.