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City of Norton Shores
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Muskegon County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Norton Shores closed FY2024 with a fund balance of $3.1M, indicating a solid financial foundation. With $6.5M in assets and $3.3M in liabilities, the municipality shows stable fiscal health and an assets-to-liabilities ratio of 1.95. Revenues totaling $16.4M surpassed expenditures of $17.9M, generating a $353.0K surplus. A 2.2% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.