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City of Lincoln Park, Michigan
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Wayne County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Lincoln Park show a net position of $8.2M, with assets outpacing liabilities. The financial position includes $10.5M in total assets offset by $2.3M in liabilities, reflecting a solid financial foundation at a 4.51 ratio. Fiscal operations produced a positive result, with $50.8M in revenues against $49.8M in expenditures, leaving a surplus of $1.0M. The modest 2.0% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.