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City of Ludington
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Mason County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Ludington closed FY2024 with a net position of $7.4M, indicating a solid financial foundation. With $7.9M in assets and $481.9K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 16.46. Expenditures of $7.7M exceeded revenues of $7.9M, resulting in a $47.0K deficit. A -0.6% margin suggests reviewing budget alignment. All metrics are calculated using General Fund data.