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Forest Park School District
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
Michigan
County
Iron County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Forest Park School District show a net position of $2.7M, with assets outpacing liabilities. The financial position includes $3.2M in total assets offset by $409.3K in liabilities, reflecting a solid financial foundation at a 7.71 ratio. Fiscal operations produced a positive result, with $6.8M in revenues against $5.9M in expenditures, leaving a surplus of $870.1K. The healthy 12.8% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.