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City of Morenci
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Lenawee County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Morenci show a net position of $635.7K, with assets outpacing liabilities. The financial position includes $702.3K in total assets offset by $66.6K in liabilities, reflecting a solid financial foundation at a 10.55 ratio. Fiscal operations produced a negative result, with $1.9M in expenditures against $1.9M in revenues, creating a deficit of $410.4K. The -21.5% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.