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City of Harrison
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Clare County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Harrison reported a negative net position of -$39.3K, indicating liabilities exceeded assets. The balance sheet reflects total assets of $1.3M against liabilities of $39.3K, representing a strong financial position with an assets-to-liabilities ratio of 31.81. Operating results were favorable, with revenues of $2.0M exceeding expenditures of $2.2M by $128.4K. The 6.4% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.