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City of Big Rapids
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Mecosta County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Big Rapids reveal a net position of -$664.2K, with total liabilities exceeding assets. The financial position includes $5.4M in total assets offset by $664.2K in liabilities, reflecting a solid financial foundation at a 8.07 ratio. Fiscal operations produced a negative result, with $10.6M in expenditures against $10.9M in revenues, creating a deficit of $178.6K. The -1.6% margin indicates some pressure on fiscal balance. All metrics are calculated using General Fund data.