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City of Hibbing, Minnesota
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
St. Louis County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Hibbing show a net position of $30.3M, with assets outpacing liabilities. The financial position includes $31.6M in total assets offset by $1.4M in liabilities, reflecting a solid financial foundation at a 23.42 ratio. Fiscal operations produced a positive result, with $24.8M in revenues against $22.2M in expenditures, leaving a surplus of $2.6M. The healthy 10.6% margin signals disciplined fiscal operations. All metrics are calculated using General Fund data.