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City of Benton Harbor, Michigan
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Berrien County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Benton Harbor closed FY2024 with a net position of $4.4M, indicating a solid financial foundation. With $10.0M in assets and $2.3M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 4.29. Expenditures of $15.4M exceeded revenues of $15.1M, resulting in a $954.9K deficit. A -6.3% margin points to structural budget challenges. All metrics are calculated using General Fund data.