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City of Clare
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Municipality & ACFR Details
Type
City/Town Government
State
Michigan
County
Clare County
FY Period
Jul 2019 - Jun 2020
MuniScore
Score not available
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Log inFinancial Summary
For FY2020, this municipality reported a total fund balance of $1.1M. Total assets were $1.4M against total liabilities of $274K. For the General Fund, total revenues were $3.3M and expenditures were $2.9M. After other financing sources and uses, the net change in fund balance was $331K. The operating margin was 10.4%.