|
City of Novi, Michigan
Loading map...
Municipality & ACFR Details
Type
City/Town Government
State
Michigan
County
Oakland County
FY Period
Jun 2020 - Jun 2021
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 City of Novi, Michigan 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 FY2021, this municipality reported a total fund balance of $13.7M. Total assets were $25.0M against total liabilities of $11.1M. For the General Fund, total revenues were $40.1M and expenditures were $36.7M. After other financing sources and uses, the net change in fund balance was $3.1M. The operating margin was 8.4%.