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City of Luverne
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Municipality & ACFR Details
Type
Municipality-General Purpose Government
State
Minnesota
County
Rock County
FY Period
FY 2024
MuniScore
Score not available
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Log inFinancial Summary
The FY2024 financial statements for City of Luverne show a net position of $3.3M, with assets outpacing liabilities. The financial position includes $3.7M in total assets offset by $216.1K in liabilities, reflecting a solid financial foundation at a 17.05 ratio. Fiscal operations produced a positive result, with $6.1M in revenues against $4.8M in expenditures, leaving a surplus of $193.9K. The modest 3.2% margin suggests limited fiscal flexibility. All metrics are calculated using General Fund data.