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Bay County
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Municipality & ACFR Details
Type
County-Dependent Housing Authority
State
Michigan
County
Bay County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
Bay County closed FY2024 with a net position of $23.6M, indicating a solid financial foundation. With $30.6M in assets and $5.8M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 5.26. Revenues totaling $40.6M surpassed expenditures of $39.0M, generating a $896.0K surplus. A 2.2% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.