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City of East Grand Forks
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Polk County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of East Grand Forks reported a net position of $8.2M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $9.6M against liabilities of $863.7K, representing a strong financial position with an assets-to-liabilities ratio of 11.08. Operating results were favorable, with revenues of $13.7M exceeding expenditures of $12.5M by $943.1K. The 6.9% operating margin reflects sound fiscal practices. All metrics are calculated using General Fund data.