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City of St. Michael
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Wright County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of St. Michael closed FY2024 with a fund balance of $7.5M, indicating a solid financial foundation. With $8.2M in assets and $660.4K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 12.44. Revenues totaling $11.7M surpassed expenditures of $9.1M, generating a $2.7M surplus. A 22.7% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.