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City of Duluth
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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
For FY2024, City of Duluth reported a net position of $37.3M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $56.4M against liabilities of $15.1M, representing a strong financial position with an assets-to-liabilities ratio of 3.74. Operating results showed a shortfall, with expenditures of $125.7M exceeding revenues of $130.3M by $1.9M. The -1.4% margin warrants attention to revenue and spending trends. All metrics are calculated using General Fund data.