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City of Hugo
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Municipality & ACFR Details
Type
Unclassified
State
Minnesota
County
Washington County
FY Period
Jan 2023 - Dec 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $5.0M. Total assets were $7.5M against total liabilities of $2.4M. For the General Fund, total revenues were $11.3M and expenditures were $6.8M. After other financing sources and uses, the net change in fund balance was $586K. The operating margin was 39.7%.