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Arenac County
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Arenac County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Arenac County reported a net position of $464.9K, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $2.6M against liabilities of $1.5M, representing a healthy financial position with an assets-to-liabilities ratio of 1.75. Operating results showed a shortfall, with expenditures of $6.2M exceeding revenues of $6.4M by $38.5K. The -0.6% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.