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Why it Matters: Most units maintain a positive fund balance, and it is a sign of fiscal distress if the fund balance is negative. Units typically find it beneficial to keep the fund balance from declining too greatly as this inhibits their ability to cope with unexpected circumstances in either the revenue or expenditure stream. The actual variable constructed for this indicator is the general fund balance as a proportion of general fund revenue. (n003)

Data Source: The historical data presented has been loaded from information provided by the US Census Bureau or by the State Treasurer or Comptroller's office. Current and future year data has been entered by the municipality based on current budget and forecast information, or by Munetrix from available audited or budget information found in the public domain or provided by the jurisdiction itself. (n032)
(o96)

General Fund Balance as % of Revenues

Peer Group20062007200820092010201120122013201420152016201720182019202020212022
Charlevoix21.019.019.023.029.035.038.036.033.037.040.047.041.037.030.00.00.0
Ferrysburg86.073.064.060.049.053.063.063.058.056.055.055.054.00.00.00.00.0
Grosse Pointe Shores13.010.015.03.03.011.011.015.013.023.024.029.031.031.030.00.00.0
Keego Harbor18.023.021.016.020.017.036.038.042.038.032.030.028.021.018.00.00.0
New Buffalo23.022.020.018.017.021.024.016.029.021.015.021.033.00.00.00.00.0
Orchard Lake47.046.042.041.026.045.043.032.028.026.025.022.09.013.013.013.013.0
Pleasant Ridge34.033.030.025.023.027.028.026.018.019.021.022.025.00.00.00.00.0
Sylvan Lake43.048.039.040.037.027.023.033.052.059.066.065.067.00.00.00.00.0
______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______
Average 35.6334.2531.2528.2525.529.533.2532.3834.1334.8834.7536.383612.7511.381.631.63