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City of Chanhassen, Minnesota
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Municipality & ACFR Details
Type
Unknown
State
Minnesota
County
Carver County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Chanhassen reported a net position of $15.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $18.3M against liabilities of $2.9M, representing a strong financial position with an assets-to-liabilities ratio of 6.39. Operating results were favorable, with revenues of $16.3M exceeding expenditures of $14.8M by $1.5M. The 9.3% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.