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City of Bay City
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Bay County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Bay City show a net position of $7.2M, with assets outpacing liabilities. The financial position includes $9.3M in total assets offset by $2.1M in liabilities, reflecting a solid financial foundation at a 4.49 ratio. Fiscal operations produced a positive result, with $24.9M in revenues against $23.0M in expenditures, leaving a surplus of $1.8M. The 7.3% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.