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City of Southgate, Michigan
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Municipality & ACFR Details
Type
City/Town Government
State
Michigan
County
Wayne County
FY Period
Jul 2022 - Jun 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $6.4M. Total assets were $10.8M against total liabilities of $3.7M. For the General Fund, total revenues were $26.9M and expenditures were $26.4M. After other financing sources and uses, the net change in fund balance was $565K. The operating margin was 2.1%.