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City of Negaunee, Michigan
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Marquette County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Negaunee closed FY2024 with a fund balance of $1.6M, indicating a solid financial foundation. With $4.0M in assets and $191.4K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 21.07. Expenditures of $5.3M exceeded revenues of $5.3M, resulting in a $9.6K deficit. A -0.2% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.