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City of Lake Mills
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Municipality & ACFR Details
Type
Unknown
State
Wisconsin
County
Jefferson County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Lake Mills reported a net position of $12.9M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $13.4M against liabilities of $489.7K, representing a strong financial position with an assets-to-liabilities ratio of 27.36. Operating results showed a shortfall, with expenditures of $8.3M exceeding revenues of $6.5M by $1.8M. The -27.5% margin indicates a significant revenue-expenditure gap. All metrics are calculated using General Fund data.