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City of Elk River
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Sherburne County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Elk River closed FY2024 with a net position of $9.5M, indicating a solid financial foundation. With $10.6M in assets and $990.1K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 10.75. Revenues totaling $18.7M surpassed expenditures of $21.0M, generating a $215.2K surplus. A 1.2% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.