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City of Coleman
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Municipality & ACFR Details
Type
Independent Local Education Agency (LEA)
State
Michigan
County
Midland County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Coleman maintained a positive net position of $525.5K, demonstrating financial stability. Total assets of $684.9K compared to liabilities of $159.3K indicate robust financial health, yielding a coverage ratio of 4.30. The government achieved an operating surplus of $92.0K, as revenues of $813.1K outpaced spending of $721.1K. At 11.3%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.