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City of Golden Valley
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Municipality & ACFR Details
Type
Unknown
State
Minnesota
County
Hennepin County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
For FY2024, City of Golden Valley reported a net position of $26.5M, reflecting assets exceeding liabilities. The balance sheet reflects total assets of $31.2M against liabilities of $3.1M, representing a strong financial position with an assets-to-liabilities ratio of 9.92. Operating results were favorable, with revenues of $32.4M exceeding expenditures of $25.5M by $3.8M. The 11.7% operating margin reflects strong fiscal management. All metrics are calculated using General Fund data.