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City of Edina
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Hennepin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Edina show a net position of $30.9M, with assets outpacing liabilities. The financial position includes $40.1M in total assets offset by $7.5M in liabilities, reflecting a solid financial foundation at a 5.33 ratio. Fiscal operations produced a positive result, with $63.3M in revenues against $59.0M in expenditures, leaving a surplus of $4.3M. The 6.9% margin demonstrates balanced budget execution. All metrics are calculated using General Fund data.