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City of Hermantown
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Municipality & ACFR Details
Type
City/Town Government
State
Minnesota
County
St. Louis 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 $6.3M. Total assets were $7.2M against total liabilities of $721K. For the General Fund, total revenues were $8.6M and expenditures were $6.5M. After other financing sources and uses, the net change in fund balance was $1.5M. The operating margin was 25.2%.