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City of Sault Ste. Marie
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
—
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Sault Ste. Marie show a fund balance of $5.3M, reflecting sound fiscal management. The financial position includes $6.7M in total assets offset by $1.2M in liabilities, reflecting a solid financial foundation at a 5.48 ratio. Fiscal operations produced a positive result, with $15.1M in revenues against $13.1M in expenditures, leaving a surplus of $259.5K. The modest 1.7% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.