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City of Hamtramck
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Hamtramck closed FY2024 with a net position of $8.9M, indicating a solid financial foundation. With $12.6M in assets and $2.7M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 4.66. Expenditures of $41.3M exceeded revenues of $40.8M, resulting in a $313.8K deficit. A -0.8% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.