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City of Muskegon
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Muskegon County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Muskegon show a net position of $9.6M, with assets outpacing liabilities. The financial position includes $17.2M in total assets offset by $3.5M in liabilities, reflecting a solid financial foundation at a 4.96 ratio. Fiscal operations produced a negative result, with $40.3M in expenditures against $40.8M in revenues, creating a deficit of $428.7K. The -1.1% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.