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City of Ann Arbor, Michigan
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Washtenaw County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Ann Arbor maintained a positive net position of $48.8M, demonstrating financial stability. Total assets of $58.7M compared to liabilities of $8.7M indicate robust financial health, yielding a coverage ratio of 6.73. The government achieved an operating surplus of $6.7M, as revenues of $117.1M outpaced spending of $108.9M. At 5.8%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.