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City of Alma
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Gratiot County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Alma maintained a positive net position of $5.7M, demonstrating financial stability. Total assets of $6.1M compared to liabilities of $337.2K indicate robust financial health, yielding a coverage ratio of 18.23. The government achieved an operating surplus of $1.3M, as revenues of $6.8M outpaced spending of $5.5M. At 18.5%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.