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City of Dowagiac
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Municipality & ACFR Details
Type
Municipality-Dependent Housing Authority
State
Michigan
County
Cass County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Dowagiac maintained a positive net position of $722.3K, demonstrating financial stability. Total assets of $4.1M compared to liabilities of $2.5M indicate sound financial standing, yielding a coverage ratio of 1.64. The government recorded an operating deficit of $137.9K, as spending of $6.3M outpaced revenues of $6.2M. At -2.2%, the operating margin signals a need for fiscal monitoring. All metrics are calculated using General Fund data.