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City of Pontiac
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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
For FY2024, City of Pontiac reported a fund balance of $49.8M, reflecting a healthy financial position. The balance sheet reflects total assets of $66.0M against liabilities of $10.7M, representing a strong financial position with an assets-to-liabilities ratio of 6.19. Operating results were favorable, with revenues of $56.9M exceeding expenditures of $50.1M by $9.6M. The 16.9% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.