|
Charter Township of Redford
Loading map...
Municipality & ACFR Details
Type
Township-General Purpose Government
State
Michigan
County
Wayne 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 Charter Township of Redford 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, Charter Township of Redford reported a net position of $31.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $38.3M against liabilities of $6.1M, representing a strong financial position with an assets-to-liabilities ratio of 6.30. Operating results were favorable, with revenues of $55.6M exceeding expenditures of $46.2M by $1.2M. The 2.1% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.