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City of Fairmont
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Martin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Fairmont closed FY2024 with a net position of $9.6M, indicating a solid financial foundation. With $10.3M in assets and $662.1K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 15.55. Revenues totaling $10.3M surpassed expenditures of $9.9M, generating a $416.6K surplus. A 4.0% margin indicates tight alignment between revenues and costs. All metrics are calculated using General Fund data.