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City of Big Lake
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Sherburne County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Big Lake maintained a positive net position of $4.8M, demonstrating financial stability. Total assets of $5.6M compared to liabilities of $549.3K indicate robust financial health, yielding a coverage ratio of 10.16. The government achieved an operating surplus of $483.8K, as revenues of $7.2M outpaced spending of $6.3M. At 6.7%, the operating margin shows steady financial management. All metrics are calculated using General Fund data.