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City of Saginaw
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Saginaw County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Saginaw reported a fund balance of $18.6M, reflecting a healthy financial position. The balance sheet reflects total assets of $22.9M against liabilities of $3.9M, representing a strong financial position with an assets-to-liabilities ratio of 5.88. Operating results were favorable, with revenues of $67.1M exceeding expenditures of $63.0M by $1.2M. The 1.7% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.