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City of South Haven
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Van Buren County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of South Haven show a fund balance of $5.7M, reflecting sound fiscal management. The financial position includes $6.6M in total assets offset by $770.4K in liabilities, reflecting a solid financial foundation at a 8.52 ratio. Fiscal operations produced a positive result, with $9.6M in revenues against $9.8M in expenditures, leaving a surplus of $1.6M. The healthy 16.4% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.