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Charter Township of Ausable
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Iosco County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Charter Township of Ausable show a net position of $1.4M, with assets outpacing liabilities. The financial position includes $1.5M in total assets offset by $139.0K in liabilities, reflecting a solid financial foundation at a 10.94 ratio. Fiscal operations produced a negative result, with $4.9M in expenditures against $4.6M in revenues, creating a deficit of $238.8K. The -5.2% margin reflects substantial fiscal imbalance. All metrics are calculated using Total Governmental Funds data.