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City of East Lansing, Michigan
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Ingham County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of East Lansing show a net position of $27.6M, with assets outpacing liabilities. The financial position includes $40.6M in total assets offset by $6.0M in liabilities, reflecting a solid financial foundation at a 6.75 ratio. Fiscal operations produced a positive result, with $67.0M in revenues against $52.2M in expenditures, leaving a surplus of $10.1M. The healthy 15.1% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.