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City of Ishpeming, 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 Ishpeming closed FY2024 with a net position of $743.5K, indicating a solid financial foundation. With $3.1M in assets and $486.9K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 6.27. Expenditures of $3.9M exceeded revenues of $3.5M, resulting in a $362.7K deficit. A -10.3% margin points to structural budget challenges. All metrics are calculated using General Fund data.