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City of Hartford
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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
For FY2024, City of Hartford reported a net position of $577.8K, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $632.4K against liabilities of $54.6K, representing a strong financial position with an assets-to-liabilities ratio of 11.57. Operating results showed a shortfall, with expenditures of $1.4M exceeding revenues of $1.5M by $166.6K. The -11.2% margin indicates a significant revenue-expenditure gap. All metrics are calculated using General Fund data.