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City of Cokato
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Municipality & ACFR Details
Type
Unknown
State
Minnesota
County
Wright County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Cokato show a net position of $1.4M, with assets outpacing liabilities. The financial position includes $1.7M in total assets offset by $303.7K in liabilities, reflecting a solid financial foundation at a 5.47 ratio. Fiscal operations produced a positive result, with $3.0M in revenues against $2.3M in expenditures, leaving a surplus of $733.6K. The healthy 24.4% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.