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City of Gladstone
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Delta County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Gladstone show a net position of $646.3K, with assets outpacing liabilities. The financial position includes $1.7M in total assets offset by $1.0M in liabilities, reflecting favorable financial conditions at a 1.66 ratio. Fiscal operations produced a positive result, with $4.2M in revenues against $4.3M in expenditures, leaving a surplus of $100.2K. The modest 2.4% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.