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City of Lake City
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Municipality & ACFR Details
Type
City/Town Government
State
Minnesota
County
Wabasha County
FY Period
Dec 2020 - Dec 2021
MuniScore
Score not available
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Log inFinancial Summary
For FY2021, this municipality reported a total fund balance of $7.8M. Total assets were $8.4M against total liabilities of $560K. For the General Fund, total revenues were $6.8M and expenditures were $7.1M. After other financing sources and uses, the net change in fund balance was $213K. The operating margin was -4.3%.