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City of Grand Rapids
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Municipality & ACFR Details
Type
City/Town Government
State
Minnesota
County
Itasca 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 $7.7M. Total assets were $8.7M against total liabilities of $313K. For the General Fund, total revenues were $11.2M and expenditures were $10.5M. After other financing sources and uses, the net change in fund balance was $60K. The operating margin was 6.4%.