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Bear Lake School District
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Bear Lake School District maintained a positive net position of $2.2M, demonstrating financial stability. Total assets of $2.9M compared to liabilities of $692.6K indicate robust financial health, yielding a coverage ratio of 4.19. The government achieved an operating surplus of $193.4K, as revenues of $4.8M outpaced spending of $4.4M. At 4.0%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.