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City of Reed City
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Osceola County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Reed City show a fund balance of $2.5M, reflecting sound fiscal management. The financial position includes $2.7M in total assets offset by $166.9K in liabilities, reflecting a solid financial foundation at a 16.25 ratio. Fiscal operations produced a positive result, with $2.0M in revenues against $1.9M in expenditures, leaving a surplus of $449.7K. The healthy 22.9% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.