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City of Kingsford
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Dickinson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Kingsford maintained a positive net position of $3.3M, demonstrating financial stability. Total assets of $3.5M compared to liabilities of $182.7K indicate robust financial health, yielding a coverage ratio of 19.23. The government achieved an operating surplus of $958.4K, as revenues of $6.9M outpaced spending of $6.0M. At 13.9%, the operating margin indicates robust revenue performance. All metrics are calculated using Total Governmental Funds data.