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City of Hart
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Oceana County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Hart maintained a positive net position of $100.2K, demonstrating financial stability. Total assets of $287.9K compared to liabilities of $187.7K indicate sound financial standing, yielding a coverage ratio of 1.53. The government recorded an operating deficit of $300.5K, as spending of $2.2M outpaced revenues of $1.9M. At -16.2%, the operating margin requires corrective fiscal action. All metrics are calculated using General Fund data.