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Bessemer Area School District
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
Michigan
County
Gogebic County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Bessemer Area School District maintained a positive net position of $1.7M, demonstrating financial stability. Total assets of $2.1M compared to liabilities of $419.2K indicate robust financial health, yielding a coverage ratio of 5.10. The government achieved an operating surplus of $532.0K, as revenues of $6.1M outpaced spending of $5.5M. At 8.8%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.