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City of Fergus Falls
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Otter Tail County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Fergus Falls reported a net position of $10.7M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $12.5M against liabilities of $1.4M, representing a strong financial position with an assets-to-liabilities ratio of 9.05. Operating results were favorable, with revenues of $14.9M exceeding expenditures of $15.4M by $661.0K. The 4.4% operating margin shows revenues aligned with expenditures. All metrics are calculated using General Fund data.