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City of Bloomington, Minnesota
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Hennepin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Bloomington reported a net position of $55.6M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $69.5M against liabilities of $4.7M, representing a strong financial position with an assets-to-liabilities ratio of 14.86. Operating results were favorable, with revenues of $104.4M exceeding expenditures of $103.5M by $868.6K. The 0.8% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.