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City of Austin
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Mower County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Austin closed FY2024 with a net position of $12.4M, indicating a solid financial foundation. With $14.5M in assets and $1.2M in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 11.87. Revenues totaling $20.3M surpassed expenditures of $21.2M, generating a $581.3K surplus. A 2.9% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.