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Bedford Charter Township
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Calhoun County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Bedford Charter Township show a net position of $4.8M, with assets outpacing liabilities. The financial position includes $6.5M in total assets offset by $1.5M in liabilities, reflecting a solid financial foundation at a 4.44 ratio. Fiscal operations produced a negative result, with $3.8M in expenditures against $2.2M in revenues, creating a deficit of $1.5M. The -69.2% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.