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City of Adrian
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Municipality & ACFR Details
Type
City/Town Government
State
Michigan
County
Lenawee County
FY Period
Jul 2022 - Jun 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $9.1M. Total assets were $10.0M against total liabilities of $455K. For the General Fund, total revenues were $14.0M and expenditures were $15.0M. After other financing sources and uses, the net change in fund balance was ($768K). The operating margin was -7.0%.