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City of Maple Grove
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Hennepin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Maple Grove reported a net position of $14.4M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $17.3M against liabilities of $2.7M, representing a strong financial position with an assets-to-liabilities ratio of 6.49. Operating results were favorable, with revenues of $53.9M exceeding expenditures of $41.0M by $795.2K. The 1.5% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.