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City of Niles
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Berrien County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Niles maintained a positive fund balance of $8.3M, demonstrating financial stability. Total assets of $14.7M compared to liabilities of $2.6M indicate robust financial health, yielding a coverage ratio of 5.57. The government achieved an operating surplus of $1.4M, as revenues of $11.8M outpaced spending of $10.4M. At 11.8%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.