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City of Chisholm
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
St. Louis County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
In FY2024, City of Chisholm maintained a positive net position of $11.2M, demonstrating financial stability. Total assets of $11.8M compared to liabilities of $438.5K indicate robust financial health, yielding a coverage ratio of 26.92. The government achieved an operating surplus of $940.7K, as revenues of $8.7M outpaced spending of $7.7M. At 10.9%, the operating margin indicates robust revenue performance. All metrics are calculated using General Fund data.