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City of Iron River
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Iron County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Iron River closed FY2024 with a net position of $1.2M, indicating a solid financial foundation. With $1.3M in assets and $85.7K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 15.14. Revenues totaling $3.3M surpassed expenditures of $3.0M, generating a $305.7K surplus. A 9.2% margin indicates sustainable fiscal operations. All metrics are calculated using General Fund data.