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City of Charlotte
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Eaton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Charlotte reported a net position of $3.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $4.5M against liabilities of $592.7K, representing a strong financial position with an assets-to-liabilities ratio of 7.60. Operating results were favorable, with revenues of $8.0M exceeding expenditures of $7.0M by $996.5K. The 12.5% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.