|
City of Portage
Loading map...
Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Michigan
County
Kalamazoo County
FY Period
FY 2024
MuniScore
Score not available
Sign up to see the full dashboard
Get the complete financial breakdown, MuniScore details, balance sheets, income statements, and more for City of Portage and 14,800+ other municipalities.
Sign up free — 7-day trial
View up to 10 municipality dashboards free during your trial.
No credit card required.
Already have an account?
Log inFinancial Summary
For FY2024, City of Portage reported a fund balance of $17.8M, reflecting a healthy financial position. The balance sheet reflects total assets of $21.3M against liabilities of $2.7M, representing a strong financial position with an assets-to-liabilities ratio of 7.88. Operating results showed a shortfall, with expenditures of $30.0M exceeding revenues of $35.1M by $502.9K. The -1.4% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.