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Charter Township of Oscoda
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Municipality & ACFR Details
Type
Township-General Purpose Government
State
Michigan
County
Iosco County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for Charter Township of Oscoda show a net position of $2.8M, with assets outpacing liabilities. The financial position includes $5.3M in total assets offset by $243.2K in liabilities, reflecting a solid financial foundation at a 21.87 ratio. Fiscal operations produced a negative result, with $2.5M in expenditures against $3.7M in revenues, creating a deficit of $667.4K. The -18.1% margin reflects substantial fiscal imbalance. All metrics are calculated using General Fund data.