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City of Belding
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Ionia County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Belding show a net position of $2.7M, with assets outpacing liabilities. The financial position includes $2.8M in total assets offset by $66.7K in liabilities, reflecting a solid financial foundation at a 41.57 ratio. Fiscal operations produced a positive result, with $3.4M in revenues against $2.9M in expenditures, leaving a surplus of $122.5K. The modest 3.6% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.