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City of Little Falls
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Morrison County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
City of Little Falls closed FY2024 with a net position of $1.5M, indicating a solid financial foundation. With $2.0M in assets and $361.8K in liabilities, the municipality shows excellent fiscal standing and an assets-to-liabilities ratio of 5.41. Revenues totaling $7.8M surpassed expenditures of $6.8M, generating a $986.3K surplus. A 12.6% margin demonstrates effective financial stewardship. All metrics are calculated using General Fund data.