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City of Ely, Minnesota
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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
City of Ely closed FY2024 with a net position of $4.2M, indicating a solid financial foundation. With $4.6M in assets and $386.5K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 11.87. Revenues totaling $4.4M surpassed expenditures of $4.0M, generating a $342.5K surplus. A 7.9% margin indicates sustainable fiscal operations. All metrics are calculated using General Fund data.