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Charter Township of Chesterfield
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Municipality & ACFR Details
Type
Township-General Purpose Government
State
Michigan
County
Macomb County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, Charter Township of Chesterfield reported a net position of $16.7M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $22.2M against liabilities of $5.5M, representing a strong financial position with an assets-to-liabilities ratio of 4.00. Operating results were favorable, with revenues of $14.0M exceeding expenditures of $13.4M by $590.6K. The 4.2% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.