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City of Deer River
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Municipality & ACFR Details
Type
Unknown
State
Minnesota
County
Itasca County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Deer River closed FY2024 with a net position of $254.1K, indicating a solid financial foundation. With $377.3K in assets and $104.7K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 3.60. Revenues totaling $1.7M surpassed expenditures of $1.5M, generating a $150.5K surplus. A 8.9% margin indicates sustainable fiscal operations. All metrics are calculated using General Fund data.