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City of Faribault
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Municipality & ACFR Details
Type
City/Town Government
State
Minnesota
County
Rice County
FY Period
Jan 2023 - Dec 2023
MuniScore
Score not available
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Log inFinancial Summary
For FY2023, this municipality reported a total fund balance of $13.3M. Total assets were $14.7M against total liabilities of $1.0M. For the General Fund, total revenues were $22.1M and expenditures were $19.9M. After other financing sources and uses, the net change in fund balance was $2.6M. The operating margin was 9.9%.