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Charter Township of Shelby
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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
In FY2024, Charter Township of Shelby maintained a positive net position of $22.7M, demonstrating financial stability. Total assets of $25.4M compared to liabilities of $2.7M indicate robust financial health, yielding a coverage ratio of 9.49. The government achieved an operating surplus of $5.3M, as revenues of $73.0M outpaced spending of $67.7M. At 7.2%, the operating margin shows steady financial management. All metrics are calculated using Total Governmental Funds data.