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Charter County of Wayne, Michigan
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Municipality & ACFR Details
Type
County-General Purpose Government
State
Michigan
County
Wayne County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Charter County of Wayne reported a net position of $419.1M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $607.3M against liabilities of $114.8M, representing a strong financial position with an assets-to-liabilities ratio of 5.29. Operating results were favorable, with revenues of $727.1M exceeding expenditures of $578.5M by $30.9M. The 4.2% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.