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Bloomingdale School District #16
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
Michigan
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, Bloomingdale School District #16 maintained a positive net position of $5.0M, demonstrating financial stability. Total assets of $7.4M compared to liabilities of $2.4M indicate robust financial health, yielding a coverage ratio of 3.11. The government achieved an operating surplus of $565.3K, as revenues of $14.8M outpaced spending of $14.3M. At 3.8%, the margin reflects a balanced fiscal approach. All metrics are calculated using General Fund data.