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City of Ovid
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Municipality & ACFR Details
Type
Unknown
State
Michigan
County
Clinton County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Ovid reported a fund balance of $1.5M, reflecting a healthy financial position. The balance sheet reflects total assets of $1.6M against liabilities of $48.0K, representing a strong financial position with an assets-to-liabilities ratio of 32.75. Operating results were favorable, with revenues of $967.7K exceeding expenditures of $917.6K by $50.1K. The 5.2% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.